Circle Markets Review 2025

Is Circle Markets Scam or Legit Broker?

Circle Markets is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

What is Circle Markets?

Circle Markets is a forex broker and trading service provider that offers over 140 instruments through a comprehensive cTrader platform and pure STP connectivity (Check out STP Trading) to execution.

• Appointing the facts about Circle Markets' offering important to mention that the broker states its head office in New Zealand, as well as its registration as a New Zealand Financial Services Provider. However, while looking closer it was revealed that the company is only registered in New Zealand, but not regulated.
• That means that the firm indeed has a registration number with a respected FSP, yet its register allows only to trade financial products or foreign exchange on behalf of other persons. Therefore, financial services, broking services, and the offering of trading and providing are not permitted or regulated. (Check the Circle Markets FSP registration by the link.)
• Another license of the Circle Markets company, which indeed allows the processing of the trading service to international clients is a Vanuatu license issued by VFCS. Since Vanuatu's registration is an offshore one, the company has very low establishment standards and is never checked in regard to its reliability of service delivery. As we always recommend not to engage or sign-up with non-regulated or offshore brokers, Circle Markets receives the same “recommendation”.
• Besides, the broker was inactive for a while, and then it is again available, yet the website of the broker seems not to offer its general services. It only provides Forex Compounding Calculator services. So, we recommend checking the availability of the broker's services before engaging with it. 

Overall Circle Markets Ranking 

We found multiple regulation and safety issues with Circle Markets, thus we do not rank positively Circle Markets, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• Circle Markets Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Circle Markets Alternative Brokers

We revealed that Circle Markets has a lot of issues, especially in respect of its safety and customer care. Thus, here are much better Alternatives to Circle Markets with tight regulations and great trading conditions. We select Good Brokers and reliable options for your comparison below: 

• AvaTrade – Good Instruments and CopyTrading
• Pepperstone – Low Spreads and Competitive Trading Conditions
• XM – Wide Range of Trading Opportunities

Circle Markets Review Conclusion

Besides the issue that the Circle Markets broker misleads about its regulatory status, you never know which sort of surprises may occur while trading with them. In this instance, fraudulent brokerages are at every corner and you should be extremely careful while choosing a trading provider, verify its information, and always keep in mind that regulated by trusted authorities brokers deliver much safer trading conditions along with protection. Besides, the broker seems to have ceased its general offerings, so we advise you to be careful.

Thus, traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM, eToro (Read about eToro forex broker), and Alpari.

• Overall ranking and experience for Circle Markets is Negative

Circle Markets Update

Based on our research, the Circle Markets website was temporarily inactive. Now the website is active but it offers Forex Compounding Calculator services. Thus, we recommend avoiding and staying alert in case of any proposals.