Circle Markets Review

Overall, CIRCLE MARKETS is trustworthy to invest with and utilize their trading services. CIRCLE MARKETS  offers the popular MetaTrader 4 platform. CIRCLE MARKETS have a Maximum Leverage of 1:200. 

CIRCLE MARKETS at a Glance

CIRCLE MARKETS 20 key points quick overview:

• WHO IS CIRCLE MARKETS?
• SAFE OR SCAM
• PRO AND CONS
• LEVERAGE
• ACCOUNTS
• MARKET INSTRUMENTS
• FEES
• DEPOSIT AND WITHDRAWAL
• TRADING PLATFORMS
• HOW TO OPEN AN ACCOUNT
• CUSTOMER SUPPORT
• EDUCATION
• RESEARCH
• AWARDS
• CONCLUSION
• DISCLAIMER
• FAQs

CIRCLE MARKETS Overview

According to research in South Africa, Circle Markets is an online Forex and CFD broker that is based in Warkworth New Zealand. Circle Markets was established in 2016 and the brand is operated by Circle Markets Limited.

Circle Markets Limited is a registered Financial Services Provider under the New Zealand Financial Markets Conduct Act of 2012, due to this, Circle Markets is regulated by the Financial Markets Authority (FMA)

Circle Markets allows their clients to trade any of the provided 140 currency pairs. Traders also have the choice between seven different commodity markets and any of the 14 leading world stock market indices.

Due to the complexity associated with Forex trading, Circle Markets aims to simplify the process by making it easier to understand, whether you are a beginner or an expert trader.

CIRCLE MARKETS Safety and Security

One of the best benchmarks to measure the safety of a broker like CIRCLE MARKETS is to establish which regulating authorities are watchdogs over its actions.

Circle markets are regulated by the Financial Markets Authority (FMA).

CIRCLE MARKETS  Leverage

Leverage is a facility that enables you to get much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trade; otherwise, your trading account will be fully hedged.

Circle Markets offers a maximum leverage ratio of 1:200.

CIRCLE MARKETS  Accounts

A forex account at Circle Markets is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities through which the broker holds regulation.

Circle Markets offers the following types of accounts:

• The Standard Account – Aimed at beginner traders, this account offers maximum leverage of up to 1:100 with varied spreads that begin at 0.7 pips and a minimum deposit requirement of 50 USD. There are no commission fees on this account.
• The Pro Trade Account – For more experienced traders this account has maximum leverage up to 1:200, varied spreads that start at 0.2 pips, a minimum deposit requirement of 1000 USD, and a commission fee of 2 USD per standard lot.
• The Institutional Account – Suited for professional traders there is maximum leverage of up to 1:100, varied spreads that begin at 0.1 pip, a minimum deposit requirement of 10,000 USD, and a commission fee of 1.75 USD per standard lot.

Other accounts offered by Circle Markets include a PAMM account via its Percentage allocation module and an Islamic Swap-free account.

CIRCLE MARKETS  Market Instruments

The most popular market instruments available from most brokers for trading include:

Forex:

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Commodities:

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.

Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices:

Equity, or stock indices, is actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals:

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy:

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.

Circle Markets offers the following from the above:

• 140 FX currency pairs
• Indices
• Commodities
• CFDs
• Precious Metals

CIRCLE MARKETS  Fees

Cost depends on different factors, like spread and margins. Circle Markets clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

Circle Markets offers its clients varied spreads depending on the account type the user has. Spreads start from 0.2 pips on major currencies like EUR/USD on the Pro Trade account with a commission fee of 2 USD per standard lot.

Circle Markets Standard Account has a spread that begins at 0.7 pips with no commission fees. The Institutional account has a spread that begins at 0.1 pips with a commission fee of 1.75 USD per standard lot.

CIRCLE MARKETS  Deposit and  Withdrawal

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done through the same payment methods, but this differs from one broker to the next.

Circe Markets supports the following payment methods for both deposits and withdrawals:

• Bank-Wire Transfer
• Credit/Debit Card
• China Union Pay
• MegaTransfer
• E-Wallet

CIRCLE MARKETS Trading Platforms

The forex trading platform provided by Circle Markets to its clients is the software to carry out their trades. Some brokers provide only one trading platform while others offer more.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

Circle Markets offers the popular MetaTrader 4 platform.

How to open a CIRCLE MARKETS account step by step

To register a forex trading account with Circle Markets for the first time, you will be required to go through a basic “know your customer” process.

This will allow Circle Markets to ascertain your submitted details and ensure the safety of your funds and account details.

With Circle markets, the process entails logging onto their website and filling in some basic information. You will be asked to provide proof of your bank account, residence, and a copy of your legal ID.

You may also be required to answer a few questions regarding your level of trading experience. Once this is completed you wait for your account approval, make your minimum deposit requirement, and start trading.

CIRCLE MARKETS  Customer  Support

Potential traders need to make sure the broker company they choose will offer adequate support whenever they need it.

To contact Circle Markets, customers can reach the support team via telephone, email, or the live chat option on their website.

CIRCLE MARKETS  Education

Before starting to trade, potential clients of Circle Markets should avail themselves of all possible information. This includes the necessary trading skills needed to be successful in the world of forex and commodity trading.

Circle Markets does not seem to offer any educational material on its web page.

CIRCLE MARKETS  Research

To be able to trade with confidence, traders should conduct thorough research regarding this kind of speculative trading before commencing. It also includes investigating every deal to ensure that they do not lose money unnecessarily and trade as profitable as possible.

With Circle Markets they have access to an economic calendar, currency converter, and a Forex compounding calculator

CIRCLE MARKETS  Awards

Although Circle Markets is praised by customers, there is no indication of awards won on its homepage.

CIRCLE MARKETS  Pros and  Cons

Conclusion

Circle Markets can be described as a company that is still new, yet it provides a very profitable trading environment for its clients.

Their minimum deposit requirements are reasonable, and they offer the decent leverage necessary for a solid trading strategy.

Circle Markets would benefit from adding some educational material to their web page to help beginner traders.

Disclaimer

Circle Markets warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors.

Before deciding to trade with Circle Markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

Circle Markets warns that margin trading involves the potential for profit as well as the risk of loss.

The movement in the price of foreign exchange and commodities is extremely unpredictable, hence Circle Markets cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently Asked Questions

How many instruments can I trade with Circle Markets?

You can trade several different instruments with Circle Markets, which includes the following:

• 140 FX currency pairs
• Indices
• Commodities
• CFDs
• Precious Metals

Which platforms are supported by Circle Markets?

Circle Markets provides the following popular trading platforms:

• MetaTrader 4

Do Circle Markets offer leverage?

Yes, Circle Markets offers maximum leverage of 1:200.

What is the overall rating out of 10 for Circle Markets?

9/10.