Circle Markets
forexct
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while forexct was established in 2021 and is based in Australia. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while forexct is regulated by Financial Conduct Authority (FCA) among others. Circle Markets serves 10,000+ clients worldwide; forexct has 10,000+. The minimum deposit is $100 at Circle Markets and $250 at forexct.
| Feature | Circle Markets | forexct |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F228 |
| Founded | 2007 | 2021 |
| Country | New Zealand | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Circle Markets and forexct, 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 forexct). Circle Markets charges withdrawal fees while forexct does not, a notable advantage for frequent withdrawers. Circle Markets charges deposit fees; forexct does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Circle Markets | forexct |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Circle Markets offers MT4, MT5, cTrader, while forexct supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. forexct supports social and copy trading features, which Circle Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Circle Markets | forexct |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Circle Markets and forexct 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. forexct scores higher overall in education and research.
| Feature | Circle Markets | forexct |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
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 forexct supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). forexct uniquely supports PayPal and Skrill and Neteller among the two brokers. forexct scores higher on deposit and withdrawal flexibility.
| Feature | Circle Markets | forexct |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 forexct offer live chat support. Both provide phone support. Email support is available at both brokers. Circle Markets supports 2 languages and forexct supports 8, giving forexct broader global reach. Both brokers are comparable on support quality.
| Feature | Circle Markets | forexct |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |