Fake CIRCLE MARKETS

Fake CIRCLE MARKETS is a forex and CFD broker registered in New Zealand, with an official website at circle-markets.com. According to public records, the firm was founded on 4 December 2018 and is listed on the Financial Service Providers Register (FSPR) of New Zealand. However, the registration status is listed as unspecified, and the broker does not hold a licence from a major financial regulator such as the FMA, ASIC, or FCA.

Given the limited information available from independent sources and the absence of verifiable client feedback, the operational history and current standing of Fake CIRCLE MARKETS remain unclear. The firm claims to offer STP (Straight Through Processing) execution, but without transparent regulatory oversight, traders should approach with caution.

Fake CIRCLE MARKETS is registered with the New Zealand Financial Service Providers Register (FSPR) under the name 'Inst Forex Execution (STP)'. However, registration on the FSPR is not equivalent to a full regulatory licence; it primarily allows the firm to offer financial services to wholesale clients under New Zealand law. The FSPR does not provide the same level of oversight as dedicated financial regulators like the FMA or ASIC.

Furthermore, the status of the registration is marked as unspecified, raising questions about whether the firm is currently compliant or has been subject to any regulatory actions. In our assessment, the lack of a confirmed regulatory licence and the vague registration details constitute significant red flags for retail traders.

Based on the registration details, Fake CIRCLE MARKETS claims to offer forex trading with STP execution, which typically implies direct market access without dealing desk intervention. The specific instruments available – such as currency pairs, indices, commodities, or cryptocurrencies – are not confirmed due to the absence of detailed public information.

Institutional-grade STP execution is often marketed to professional traders, but without verifiable details on spreads, leverage, or trading platforms, the actual offering remains opaque. We caution that the lack of transparency here is a common trait among brokers with limited regulatory oversight.

No official information is available regarding account types, minimum deposits, leverage, or spreads for Fake CIRCLE MARKETS. Industry databases do not list specific account tiers or trading conditions, indicating that the broker either does not publish these details widely or operates on a bespoke basis.

Traders considering this broker should be aware that without clear and accessible terms of service, it is difficult to evaluate the costs and risks involved. The absence of standardised account information is a significant concern for both retail and institutional clients.

Fake CIRCLE MARKETS presents itself as a New Zealand-registered forex broker offering STP execution, but the available information is insufficient to form a comprehensive assessment. The regulatory registration is weak, and no independent reviews or client testimonials are available to verify the broker's reliability.

Given the high scam risk score of 85/100 assigned by FXCanary, we advise extreme caution. Traders should thoroughly verify any claims made by the broker and consider the potential risks of dealing with an entity that lacks transparent regulation and public track record.