Alfa Forex
Circle Markets
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while Circle Markets was established in 2007 and is based in New Zealand. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while Circle Markets is regulated by Financial Industry Regulatory Authority (FINRA) among others. Alfa Forex serves 10,000+ clients worldwide; Circle Markets has 10,000+. The minimum deposit is $0 at Alfa Forex and $100 at Circle Markets.
| Feature | Alfa Forex | Circle Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Industry Regulatory Authority (FINRA) |
| Founded | 2011 | 2007 |
| Country | Cyprus | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and Circle Markets, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $100 at Circle Markets). Both brokers charge withdrawal fees. Alfa Forex applies inactivity fees on dormant accounts; Circle Markets does not. Circle Markets charges deposit fees; Alfa Forex does not. Overall, Alfa Forex scores higher on fees in our assessment.
| Feature | Alfa Forex | Circle Markets |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while Circle Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alfa Forex supports social and copy trading features, which Circle Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Alfa Forex | Circle Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Desktop, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and Circle Markets compare. Circle Markets runs regular live webinars; Alfa Forex does not. Both provide video tutorials. Circle Markets publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Alfa Forex | Circle Markets |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Circle Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | Circle Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alfa Forex and Circle Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alfa Forex | Circle Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |