Circle Markets
fx next
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while fx next was established in 2018 and is based in Dubai. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while fx next is regulated by Financial Conduct Authority (FCA) among others. Circle Markets serves 10,000+ clients worldwide; fx next has 10,000+. The minimum deposit is $100 at Circle Markets and $250 at fx next.
| Feature | Circle Markets | fx next |
|---|---|---|
| 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-F237 |
| Founded | 2007 | 2018 |
| Country | New Zealand | Dubai |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Circle Markets and fx next, 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 fx next). Both brokers charge withdrawal fees. fx next applies inactivity fees on dormant accounts; Circle Markets does not. Circle Markets charges deposit fees; fx next does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Circle Markets | fx next |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Circle Markets offers MT4, MT5, cTrader, while fx next supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Circle Markets | fx next |
|---|---|---|
| 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 fx next 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. fx next scores higher overall in education and research.
| Feature | Circle Markets | fx next |
|---|---|---|
| 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 fx next supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx next uniquely supports PayPal and Skrill and Neteller among the two brokers. fx next scores higher on deposit and withdrawal flexibility.
| Feature | Circle Markets | fx next |
|---|---|---|
| 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 fx next offer live chat support. Both provide phone support. Email support is available at both brokers. Circle Markets supports 2 languages and fx next supports 8, giving fx next broader global reach. Both brokers are comparable on support quality.
| Feature | Circle Markets | fx next |
|---|---|---|
| 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 |