Circle Markets
Commonwealth Securities
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while Commonwealth Securities was established in 1999 and is based in Australia. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Circle Markets serves 10,000+ clients worldwide; Commonwealth Securities has 10,000+. The minimum deposit is $100 at Circle Markets and $5000 at Commonwealth Securities.
| Feature | Circle Markets | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $100 | $5000 |
| Regulation | Financial Industry Regulatory Authority (FINRA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 1999 |
| Country | New Zealand | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Circle Markets and Commonwealth Securities, directly affecting your bottom line as a trader. Circle Markets has a lower barrier to entry with a minimum deposit of $100 (vs $5000 at Commonwealth Securities). Circle Markets charges withdrawal fees while Commonwealth Securities does not, a notable advantage for frequent withdrawers. Circle Markets charges deposit fees; Commonwealth Securities does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Circle Markets | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $100 | $5000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Circle Markets offers MT4, MT5, cTrader, while Commonwealth Securities supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Commonwealth Securities supports social and copy trading features, which Circle Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Circle Markets | Commonwealth Securities |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop, Tablet & Mobile apps | Metatrader 4 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Circle Markets and Commonwealth Securities compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Circle Markets | Commonwealth Securities |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Circle Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Commonwealth Securities supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Circle Markets | Commonwealth Securities |
|---|---|---|
| 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 Circle Markets and Commonwealth Securities 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 | Circle Markets | Commonwealth Securities |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |