Circle Markets
freetrade
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while freetrade was established in 2016 and is based in United Kingdom. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821) among others. Circle Markets serves 10,000+ clients worldwide; freetrade has 890,000+. The minimum deposit is $100 at Circle Markets and $0 at freetrade.
| Feature | Circle Markets | freetrade |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority. Registered in England and Wales (no. 09797821) |
| Founded | 2007 | 2016 |
| Country | New Zealand | United Kingdom |
| Clients | 10,000+ | 890,000+ |
Fees
Fees are a critical factor when choosing between Circle Markets and freetrade, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $100 at Circle Markets). Circle Markets charges withdrawal fees while freetrade does not, a notable advantage for frequent withdrawers. Circle Markets charges deposit fees; freetrade does not. Overall, freetrade scores higher on fees in our assessment.
| Feature | Circle Markets | freetrade |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Circle Markets offers MT4, MT5, cTrader, while freetrade supports MT4, MT5, cTrader, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. freetrade supports social and copy trading features, which Circle Markets does not offer. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Circle Markets | freetrade |
|---|---|---|
| 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 freetrade 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. freetrade scores higher overall in education and research.
| Feature | Circle Markets | freetrade |
|---|---|---|
| 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 freetrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). freetrade uniquely supports PayPal and Skrill and Neteller among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | Circle Markets | freetrade |
|---|---|---|
| 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 freetrade offer live chat support. Both provide phone support. Email support is available at both brokers. Circle Markets supports 2 languages and freetrade supports 8, giving freetrade broader global reach. Both brokers are comparable on support quality.
| Feature | Circle Markets | freetrade |
|---|---|---|
| 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 |