eToro vs Circle Markets, 2022 Update
Read our In-Depth eToro vs Circle Markets Review - 2022 Update
This eToro vs Circle Markets review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs Circle Markets review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Circle Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Circle Markets
Every online trading system will have some ups and downs, and no eToro and Circle Markets review would be complete without showing both sides. Compare eToro and Circle Markets to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between eToro or Circle Markets. Who should you choose?
Our eToro vs Circle Markets comparison contains the latest information so you can easily compare Circle Markets against eToro.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll get proficient at all of the concepts of brokerage as you continue trading. For starters, you need to select the ideal agent who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. eToro and Circle Markets are two such platforms which will take you and your investment to great heights. It's crucial that you compare eToro vs Circle Markets before you trust them with your money.
Our eToro vs Circle Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Circle Markets side by side.
Our entire eToro vs Circle Markets Review covers all you need to know about trading with either eToro or Circle Markets. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you select them. It is a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
eToro and Circle Markets are both brokers that have paved their way successfully to the brokerage world. Within this review, we have attempted to collate a number of the vital aspects of both eToro and Circle Markets. This review can help you to understand whether either Circle Markets or eToro is a good match for your investments or not. We have tried to breakdown all the features and charges for your advantage.
Benefits of eToro and Circle Markets Compared
eToro has a minimum deposit of $50 while Circle Markets offers a $100 minimum deposit.
Why smaller minimum deposits are good and how eToro 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.
eToro allows you to trade around 100 financial instruments whilst Circle Markets allows you to trade around 100 available.
The more financial instruments you can trade on the eToro and Circle Markets 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 never want to miss out on a trading opportunity due to the limitations of eToro or Circle Markets.
eToro and Circle Markets Contact Details
Being able to contact your broker easily is vital. eToro and Circle Markets have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | eToro | Circle Markets |
| Telephone Number | ||
| support@etoro.com | ||
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
| eToro Twitter Account | Circle Markets Twitter Account | |
| eToro Facebook Page | Circle Markets Facebook Page | |
| eToro Instagram Account | Circle Markets Instagram Account | |
| eToro LinkedIn Page | Circle Markets LinkedIn Page | |
| YouTube | eToro YouTube Channel | Circle Markets YouTube Channel |
| Find Out More |
|
|
Circle Markets and eToro 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.
In this part of our comparison of eToro and Circle Markets we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?
eToro vs Circle Markets - Awards
|
|
||
|---|---|---|
| Broker | eToro | Circle Markets |
| Awards |
eToro have won several industry awards over the time they have been operating as an online broker. We detail the most notable awards for eToro below.
|
At the time of writing this Circle Markets review, and despite Circle Markets’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
eToro vs Circle Markets - Frequently Asked Questions
eToro vs Circle Markets - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
Circle Markets was founded in 2007 and has its headquaters in New Zealand.
What is the minimum deposit for Circle Markets or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Circle Markets is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Circle Markets are a good option.
eToro vs Circle Markets - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Circle Markets is regulated by Financial Industry Regulatory Authority (FINRA).
Both eToro and Circle Markets have a strong set of rules for ensuring honest trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs Circle Markets Commission And Fees
eToro and Circle Markets are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these instances, you are spending a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither eToro or Circle Markets charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees billed by eToro and Circle Markets are relatively higher. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
This eToro vs Circle Markets review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And Circle Markets
What Languages Do eToro And Circle Markets Support?
Being able to talk completely with your online platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you will find the languages that both eToro and Circle Markets support.
How Many Clients Do eToro and Circle Markets Have?
Both eToro and Circle Markets are well established with their customer 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 eToro and Circle Markets have
What Payment Methods Do eToro and Circle Markets Accept?
eToro 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 eToro and Circle Markets
What Can You Trade With eToro and Circle Markets?
eToro offers 100 trading instruments while Circle Markets offers 75.
Below you will find a full breakdown of what both eToro and Circle Markets offer.
Compare eToro To All Other Brokers
Compare Circle Markets To All Other Brokers