Circle Markets-Overview of Minimum Deposit, Spreads & Leverage

What is Circle Markets？

Circle Markets is a forex and CFD broker offering a range of trading opportunities for investors. Founded in 2016, the company was regulated by both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC). But now the regulation licenses are revoked.

Pros & Cons

Pros:

Wide Range of Instruments: Circle Markets offers over 140 forex pairs, Index CFDs, commodities, gold, silver,Bitcoin, and other cryptocurrencies. This diverse selection caters to various trading interests and strategies.

Multiple Account Types: Circle Markets provides three account types to suit different needs and risk appetites:Standard, Pro Trade, and Institutional. These accounts offer varying minimum deposits, leverage levels, and spread structures.

MetaTrader 4 & Mobile Platforms: Circle Markets utilizes the popular MetaTrader 4 platform, known for its user-friendly interface and advanced trading tools. They also offer a mobile platform for convenient on-the-go trading.

Low Minimum Deposit: Circle Markets requires a minimum initial deposit of just $50, making it accessible for new traders or those with limited capital.

Cons:

Lacks Transparency and Verifiable Credentials: There is a significant lack of transparency regarding the broker's operations and credentials, which is a major red flag for potential investors.

Lack of Customer Support: Circle Markets's website reportedly lacks information on how to contact customer service. This makes it difficult for potential traders to get answers to questions or address concerns before depositing funds.

Revoked Regulation: Circle Markets' licenses from both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked.

Is Circle Markets Legit？

Circle Markets is considered a high-risk platform and should be treated with extreme caution due to the revocation of its regulatory licenses.

While Circle Markets was previously regulated by both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC), these licenses have been revoked. This raises significant concerns about the platform's safety and legitimacy. Without valid regulation, there's no guarantee of investor protection, and the risk of fraud, manipulation, and potential loss of funds is significantly higher.

Market Instruments

Circle Markets offers a diverse range of market instruments for traders, including:

• Forex: Gain exposure to currency fluctuations by trading over 140 forex pairs, allowing you to speculate on movements between major and minor currencies.

• Index CFDs: Invest in broad market segments through Index CFDs, such as the S&P 500 or the DAX, without directly owning the underlying assets.

• Commodities: Trade physical commodities like oil, gas, and agricultural products, offering potential diversification and exposure to different market sectors.

• Precious Metals: Gain exposure to the volatile and valuable world of gold and silver through trading opportunities.

• Cryptocurrencies: Invest in Bitcoin and other digital currencies, offering high potential returns but also significant risk due to their inherent volatility.

Account Types

Circle Markets offers three account types for different trader needs and risk appetites:

• Standard: This is the most basic account, ideal for beginners or those with smaller capital. It requires a minimum deposit of $50 and offers a maximum leverage of 1:100. Spreads start from 0.7 pips, which is relatively wider compared to other account types.

• Pro Trade: This account is designed for more experienced traders seeking tighter spreads and higher leverage. It requires a minimum deposit of $1000 and offers a maximum leverage of 1:200. Spreads start from 0.2 pips, but a commission of $2 per standard lot applies.

• Institutional: This account is tailored for high-volume traders and institutions. It requires a substantial minimum deposit of $10,000 but offers the tightest spreads starting from 0.1 pips. Additionally, a commission of $1.75 per standard lot applies.

Leverage

Circle Markets offers a maximum leverage of 1:200, which falls within the average range for forex and CFD brokers. This means for every $1 deposited, you can control a position worth up to $200. While leverage can amplify potential gains,it's important to remember that it also magnifies losses. With a 1:200 leverage, a 1% price movement against your position could result in a 200% loss of your initial investment. Therefore, it's crucial to use leverage responsibly and with a solid understanding of risk management strategies.

Spreads & Commissions

Circle Markets offers varying spreads and commission structures based on the chosen account type. The Standard account provides wider spreads starting from 0.7 pips and no commissions, making it suitable for beginners. The Pro Trade account offers tighter spreads starting from 0.2 pips but charges a commission of $2 per standard lot. Finally, the Institutional account boasts the tightest spreads starting from 0.1 pips but also has a commission of $1.75 per standard lot,catering to high-volume traders. Ultimately, the best account choice depends on individual trading strategy and preference for spreads versus commissions

Trading Platforms

Circle Markets offers a versatile trading experience through three platforms: MetaTrader 4, cTrader, and Fix API Trader.

MetaTrader 4 is a popular choice for its user-friendly interface, extensive technical analysis tools, and automated trading capabilities. cTrader is known for its advanced charting features, order execution speed, and social trading functionalities. Fix API Trader is for high-volume traders and institutions seeking low-latency, direct market access through the FIX API protocol. This diverse platform selection allows traders of different levels and preferences to choose the environment that best suits their needs.

Trading Tools

Circle Markets provides a suite of useful trading tools beyond the platforms themselves. An economic calendar helps traders stay informed about upcoming events that could impact markets. A compounding calculator allows for quick and easy calculations of potential returns or growth over time. Additionally, a currency converter facilitates convenient conversion between different currencies, further enhancing the platform's functionality for global traders.

Deposits & Withdrawals

Circle Markets offers a low barrier to entry with a minimum initial deposit of just $50, making it accessible for new traders or those with limited capital. The platform supports a wide range of deposit and withdrawal methods, including bank transfers, credit/debit cards, e-wallets like FasaPay and Payeer, and regional options like SEPA for Euro payments.This diverse selection provides flexibility and convenience for funding and withdrawing funds from your trading account.

Conclusion

Circle Markets offers a diverse range of trading instruments and multiple account types with varying spreads and commission structures. The platform provides popular trading platforms, useful tools, and a low minimum deposit,making it accessible to new traders.

However, the crucial concern is the revoked regulatory licenses, raising significant doubts about its safety and legitimacy. While the platform may seem attractive, it's strongly recommended to exercise extreme caution and prioritize using reputable, regulated brokers before considering Circle Markets.

Frequently Asked Questions (FAQs)

Is Circle Markets regulated？

No. It has been verified that this broker currently has no valid regulation.

Does Circle Markets offer the industry leading MT4 & MT5？

Yes. Circle Markets offer the MT4 for traders.

What is the minimum deposit for Circle Markets？

The minimum initial deposit to open an account is $50.

What is the maximum leverage available at Circle Markets？

1:200.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.