Choicetrade
Circle Markets
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Overview
Choicetrade was founded in 2009 and is headquartered in United States, while Circle Markets was established in 2007 and is based in New Zealand. Choicetrade holds licences including Unregulated, while Circle Markets is regulated by Financial Industry Regulatory Authority (FINRA) among others. Choicetrade serves 10,000+ clients worldwide; Circle Markets has 10,000+. The minimum deposit is $250 at Choicetrade and $100 at Circle Markets.
| Feature | Choicetrade | Circle Markets |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Financial Industry Regulatory Authority (FINRA) |
| Founded | 2009 | 2007 |
| Country | United States | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Choicetrade and Circle Markets, directly affecting your bottom line as a trader. Circle Markets has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Choicetrade). Both brokers charge withdrawal fees. Circle Markets charges deposit fees; Choicetrade does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Choicetrade | Circle Markets |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Choicetrade offers MT4, MT5, cTrader, while Circle Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Choicetrade | 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 | cTrader, SocialTrading, copyTrading, webPlatform, DesktopPlatform, Proprietary . | Desktop, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Choicetrade and Circle Markets compare. Circle Markets runs regular live webinars; Choicetrade does not. Circle Markets has a video library; Choicetrade does not. Circle Markets publishes daily market commentary; Choicetrade does not. Circle Markets integrates third-party research tools (Trading Central); Choicetrade does not. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Choicetrade | Circle Markets |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Choicetrade 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 | Choicetrade | 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 Choicetrade 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 | Choicetrade | Circle Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |