Circle Markets
gcm forex
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Overview
Circle Markets was founded in 2007 and is headquartered in New Zealand, while gcm forex was established in 2017 and is based in USA. Circle Markets holds licences including Financial Industry Regulatory Authority (FINRA), while gcm forex is regulated by Financial Conduct Authority (FCA) among others. Circle Markets serves 10,000+ clients worldwide; gcm forex has 142,500+. The minimum deposit is $100 at Circle Markets and $250 at gcm forex.
| Feature | Circle Markets | gcm forex |
|---|---|---|
| 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-F248 |
| Founded | 2007 | 2017 |
| Country | New Zealand | USA |
| Clients | 10,000+ | 142,500+ |
Fees
Fees are a critical factor when choosing between Circle Markets and gcm forex, 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 gcm forex). Both brokers charge withdrawal fees. Circle Markets charges deposit fees; gcm forex does not. Overall, Circle Markets scores higher on fees in our assessment.
| Feature | Circle Markets | gcm forex |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Circle Markets offers MT4, MT5, cTrader, while gcm forex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. gcm forex supports social and copy trading features, which Circle Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Circle Markets | gcm forex |
|---|---|---|
| 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 gcm forex compare. Circle Markets runs regular live webinars; gcm forex does not. Both provide video tutorials. Circle Markets publishes daily market commentary; gcm forex does not. Both integrate third-party research tools. Circle Markets maintains an archive of past webinars for on-demand viewing. Circle Markets scores higher overall in education and research.
| Feature | Circle Markets | gcm forex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 gcm forex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). gcm forex uniquely supports PayPal and Skrill and Neteller among the two brokers. gcm forex scores higher on deposit and withdrawal flexibility.
| Feature | Circle Markets | gcm forex |
|---|---|---|
| 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 gcm forex offer live chat support. Both provide phone support. Email support is available at both brokers. Circle Markets supports 2 languages and gcm forex supports 8, giving gcm forex broader global reach. Both brokers are comparable on support quality.
| Feature | Circle Markets | gcm forex |
|---|---|---|
| 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 |