Circle Markets
Forex Financial Services
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while Forex Financial Services was established in 2008 and is based in Australia. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Circle Markets serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $100 at Circle Markets and $2500 at Forex Financial Services.
| Feature | Circle Markets | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Regulation | Financial Industry Regulatory Authority (FINRA) | Australian Securities and investment Commission (ASIC) |
| Founded | 2007 | 2008 |
| Country | New Zealand | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Circle Markets and Forex Financial Services, directly affecting your bottom line as a trader. Circle Markets has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Forex Financial Services). Circle Markets charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. Circle Markets charges deposit fees; Forex Financial Services does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Circle Markets | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Circle Markets offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex Financial Services supports social and copy trading features, which Circle Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Circle Markets | Forex Financial Services |
|---|---|---|
| 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 | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Circle Markets and Forex Financial Services compare. Circle Markets runs regular live webinars; Forex Financial Services does not. Circle Markets has a video library; Forex Financial Services does not. Circle Markets publishes daily market commentary; Forex Financial Services does not. Circle Markets integrates third-party research tools (Trading Central); Forex Financial Services does not. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Circle Markets | Forex Financial Services |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Circle Markets | Forex Financial Services |
|---|---|---|
| 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 Forex Financial Services 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 | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |