FXCM vs Circle Markets, Who's Better?
FXCM Rating
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Circle Markets Rating
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Losses can exceed deposits |
Your capital is at risk |
FXCM vs Circle Markets Guide |
Read our In-Depth FXCM vs Circle Markets Review - 2024 Update
Our comprehensive analysis of FXCM and Circle Markets has been revised to reflect any changes for 2024 from industry experts with considerable financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of FXCM vs Circle Markets does not apply to all countries as follows:
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Circle Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare FXCM vs Circle Markets
Each online trading platforms feature certain advantages and disadvantages, and a complete FXCM and Circle Markets review would not be regarded as thorough without embracing a balanced approach.
Assess Circle Markets and FXCM in order to understand the way they line up to one another prior to you decide to open an account. A comparative analysis can place factors into perspective in order that you are aware of what you should anticipate.
So you are looking for a professional broker and are choosing between FXCM or Circle Markets. Which one is best in 2024?
This FXCM vs Circle Markets comparison contains the latest information so you can easily compare Circle Markets against FXCM.
If you're a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You'll acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. FXCM and Circle Markets are two such companies that will take you along with your investment to great heights. It's important to compare FXCM vs Circle Markets until you trust them with your cash.
Our FXCM vs Circle Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FXCM and Circle Markets side by side.
Our entire FXCM vs Circle Markets Review covers all you need to learn about trading using either FXCM or Circle Markets. A good agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It's a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
FXCM and Circle Markets are both brokers which have found their way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of both FXCM and Circle Markets. This review can help you to know whether either Circle Markets or FXCM is a fantastic fit for your own investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.
Benefits of FXCM and Circle Markets Compared
FXCM offers a minimum deposit of $1 while Circle Markets has a $100 minimum deposit.
Why smaller minimum deposits are good and how FXCM and Circle Markets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
FXCM has around 100 financial instruments while Circle Markets has around 100 financial instruments on their platform.
The more instruments you can trade on the FXCM and Circle Markets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of FXCM or Circle Markets.
FXCM and Circle Markets Contact Details
Being able to contact your broker simply is vital. FXCM and Circle Markets have the following contact details and social medias that you can use.
Broker | FXCM | Circle Markets |
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FXCM Twitter Account | Circle Markets Twitter Account | |
FXCM Facebook Page | Circle Markets Facebook Page | |
FXCM Instagram Account | Circle Markets Instagram Account | |
FXCM LinkedIn Page | Circle Markets LinkedIn Page | |
YouTube | FXCM YouTube Channel | Circle Markets YouTube Channel |
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Circle Markets and FXCM Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing FXCM and Circle Markets will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
FXCM vs Circle Markets - Awards
FXCM vs Circle Markets - Frequently Asked Questions
FXCM vs Circle Markets - Headquarters And Year Of Founding
FXCM was founded in 1999 and has its head office in United States.
Circle Markets was founded in 2007 and has its head office in New Zealand.
What is the minimum deposit for Circle Markets or FXCM
The minimum deposit for FXCM is $1.
The minimum deposit for Circle Markets is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both FXCM and Circle Markets are a good option.
FXCM vs Circle Markets - Regulation And Licencing In More Detail
FXCM is regulated by Financial Conduct Authority (FCA).
Circle Markets is regulated by Financial Industry Regulatory Authority (FINRA).
Both FXCM and Circle Markets have a powerful collection of rules for ensuring fair trading onto their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare FXCM vs Circle Markets Commission And Fees
FXCM and Circle Markets are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three types of fees for this objective.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, financing rate, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are billed when you maintain a leveraged position for longer than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither FXCM or Circle Markets charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by FXCM and Circle Markets are comparatively greater. Consequently, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This FXCM vs Circle Markets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For FXCM And Circle Markets
Broker | FXCM | Circle Markets |
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Minimum Deposit | $1 | $100 |
Withdrawal Fees | No | Yes |
Inactivity Fees | No | No |
Deposit Fees | No | Yes |
CFD Fees | No | No |
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What Languages Do FXCM And Circle Markets Support?
Being able to chat easily with your online broker is a key way of comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you can find all the languages that both FXCM and Circle Markets offer communication in.
Broker | FXCM | Circle Markets |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do FXCM and Circle Markets Have?
Both FXCM and Circle Markets are well established with their client base. It is really important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users FXCM and Circle Markets have
Broker | FXCM | Circle Markets |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do FXCM and Circle Markets Accept?
FXCM and Circle Markets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at FXCM and Circle Markets
Broker | FXCM | Circle Markets |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
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What Can You Trade With FXCM and Circle Markets?
FXCM offers 100 trading instruments whilst Circle Markets offers 75.
Below you will find a full breakdown of what both FXCM and Circle Markets offer.
FXCM Review
FXCM vs Circle Markets:
Table Of Contents
- Compare FXCM vs Circle Markets
- Benefits of FXCM and Circle Markets Compared
- Circle Markets and FXCM Mobile App Comparison
- FXCM vs Circle Markets - Awards
- FXCM vs Circle Markets - Frequently Asked Questions
- What is the minimum deposit for Circle Markets or FXCM
- FXCM vs Circle Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For FXCM And Circle Markets
- What Languages Do FXCM And Circle Markets Support?
- How Many Clients Do FXCM and Circle Markets Have?
- What Payment Methods Do FXCM and Circle Markets Accept?
- What Can You Trade With FXCM and Circle Markets?