Circle Markets Forex Broker

Note: Circle Markets's official website - https://circlemarkets.com/ is currently inaccessible normally.Circle MarketsReview SummaryFounded2016Registered Country/RegionNew ZealandRegulationFSPR/VFSC (Revoked)Market Instruments35 currency pairs, 11 commodities, 12 stock indices or in bondsDemo Account/LeverageUp to 1:200SpreadFrom 0.7 pips (Standard account)Trading PlatformMT4Min Deposit$50Customer SupportTel: +64 9 889 1223Email: info@circlemarkets.com Founded in 2016, Circle Markets is a forex and CFD broker registered in New Zealand, offering 35 currency pairs, 11 commodities, 12 stock indices or in bonds on the MetaTrader 4 trading platform. The minimum deposit provided is as low as $50. However, Circle Markets' licenses from both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked.Pros and ConsProsConsVarious trading optionsInaccessible websiteMultiple account typesRevoked regulationCommission-free for the Standard accountMT4 supportedLow minimum depositPopular payment optionsIs Circle Markets Legit? No, Circle Markets' licenses from both the Financial Service Providers Register (FSPR) in New Zealand and the Vanuatu Financial Services Commission (VFSC) have been revoked. Please be aware of the risk!Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.Financial Service Providers Register (FSPR)RevokedCIRCLE MARKETS LIMITEDFinancial Service Corporate460986Vanuatu Financial Services Commission (VFSC)RevokedCIRCLES MARKETS VU LIMITEDRetail Forex LicenseUnreleasedWhat Can I Trade on Circle Markets? Circle Markets offers 35 currency pairs, 11 commodities, and 12 stock indices or in bonds.Tradable Instruments Supported Currency pairs✔Commodities✔Stocks✔Indices✔Bonds✔Cryptocurrencies❌Options❌ETFs❌Account Type Circle Markets offers three account levels that traders can upgrade to, including Standard, Pro Trade and Institutional. All account types offer micro-tradeable lots.Account TypeMin DepositStandard$50Pro Trade$1,000Institutional $10,000 Moreover, Circle Markets provides PAMM accounts via Its Percentage allocation management module.Leverage Circle Markets provides maximum leverage up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Account TypeMax LeverageStandard1:100Pro Trade1:200Institutional 1:100Spread and Commisssion Circle Markets claims that it offers variable spreads for all three account types. Only the Standard one is commission-free, however, CFD trading on this account is not available.Account TypeSpreadCommissionStandardFrom 0.7 pips❌Pro Trade From 0.2 pips$2 per standard lotInstitutional From 0.1 pips$1.75 per standard lotTrading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, web and mobile (iOS and Android)BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Circle Markets accepts various payment methods, including major bank wire, credit card, China Union Pay, MegaTransfer E-Wallet. Accepted currencies: USD, EUR, GBP, NZD. The minimum initial deposit required by Circle Markets is $50, which is a comparatively low amount to start trading with.