GOLDCIRCLE

Introduction

The Trading view platform can be accessible to customers via the web or on their mobile devices; there is no requirement to install Java or Flash.

- As such, there is no restriction on trader's ability to execute trades and, therefore, there are no restrictions on traders who may be restricted by regulations.

- Depending upon account type, the number of margin levels will vary for each account; these levels are a direct result of account levell, and may be set according to client position.

- All Goldcircle clients can trade with up to 3 levels of margin; therefore, an individual trading account may trade up to 6 levels of margin as long as the margin level is appropriate.

i.e. you could trade £50,000 with an appropriate margin of £7,500; hence, you would be limited to a total of £57,500 worth of capital at that level.

Furthermore, as trading at different levels of leverage can create large profits, traders must use proper risk management when using these levels.

- When using leverage as a trading strategy, traders are strongly advised not to exceed the maximum allowable leverage of their broker-dealer's margin level. If traders use excessive leverage, their account could be subject to a margin call from their broker, which would require traders to pay back the margin amount used and could result in significant losses.

After all documents required for stage one of this program have been successfully submitted to the company, an account will be set up and trading will commence.

Once the company's compliance department has reviewed your application, you will receive an email with your account confirmation and you will be provided with your unique Username and Password for future logins. The corporate director may also require additional documentation in relation to your application in order for the company to process the account creation.

For more information about the Goldcircle trading platform, please visit the company's website! Establishing a Live Trading Account

To open a live trading account with this platform, there are three steps you must complete:

1) Register your live trading account.

2) Fund your account with a method that is accepted by the platform.

3) Begin trading in the CFD Products that the brokerage has to offer.

In addition to obtaining a live trading account, you may use a variety of deposit methods through wire transfer or digital currency and enjoy competitive spreads on your instruments based on historical performance.

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Company/Regulatory Information

Goldcircle has been identified through third-party broker monitoring and is associated with the companies GOLDCIRCLE TECH or GOLD CIRCLE DIGITAL LIMITED as well as MSB registration with FinCEN (Financial Crimes Enforcement Network) in the US. The MSB documentation registration allows the company to register as an MSB, which is required by law for all companies intending to conduct money transmitter operations but does not mean that the company has a full financial services license to offer investments products, Forex or CFDs. By comparison, the leading regulatory bodies, including FCA (UK), ASIC (Australia) and CFTC/NFA (USA) require that brokers obtain a full financial services license before giving clients the right to trade the aforementioned ways.

Based upon the information previously provided, Goldcircle lacks transparency and regulation. As a prospective Goldcircle customer, you should confirm coverage and protection by regulatory agencies before engaging in trading activity.

Customer Support and Resources

Goldcircle provides e-mail, phone and chat support in a variety of languages and offers several resources via their website, including market analysis via news releases and technical analysis reports. Based upon publicly available marketing information, you would also receive dedicated account manager support services and 24/7 customer support services from Goldcircle.

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User Reviews/External Risk Indicators

User feedback sites and independent review sites, including Trustpilot, have provided a myriad of user reviews for Goldcircle with many users complaining about challenges with their withdrawal, as well as slow lag in customer service response time, which can lead to issues for prospective users. However, based upon the small volume of total user reviews, Goldcircle is also not a well reviewed broker.

Based upon the systemic failures of Goldcirlce to obtain or maintain any verifiable or transparent regulatory licenses and the lack of publicly available documents, third-party reviews of Goldcircle have rated it as a Medium to High Risk to retail investors trading via this entity.

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Pros and Cons

Pros

- Provides access to several different types of CFD trading instruments which include a combination of Forex and Commodities;

- Provides TradingView support and mobile platform trading access;

- Provides deposit and funding opportunities via the drop-down link of their open accounts.

Cons

- Does not possess any recognized regulatory licensing as a broker from one of the financial oversight regulators;

- Limited amount of transparency related to corporate structure and regulatory oversight;

- Third-party reviews have rated Goldcircle's level of risk and caution for potential brokers trading in Goldcircle and advise brokers to exercise caution when determining if they want to trade via this entity;

- User feedback is mixed about the amount of time taken for the company to process withdrawals and their ability to provide support.

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Risk Disclosure

Trading in leveraged products such as Forex and CFDs has a greater risk level than traditional investments; therefore investing in leveraged products may not be suitable for every investor with the greater volatility in prices of leveraged products when making trades than for those investors using less leveraged products such as equities; therefore traders should expect to lose funds that could be greater than what they initially invested in the marketplace. Traders should obtain independent financial advice and understand their specific financial situation completely before they trade.

Summary

Goldcircle is an online brokerage that allows you to trade in the CFD and Forex markets from their web/mobiles applications. Goldcircle offers many diverse types of instruments to trade within the financial marketplace. There is, however, no recognized regulatory oversight of Goldcircle and there are many negative reviews for the broker through independent user review sites suggesting possible risks associated with transparency. You should use caution when you are reviewing Goldcircle's services prior to deciding to use Golcircle to execute your trading. In addition, you should verify all of Goldcirlce's claims about being regulated by separate regulatory bodies before trading.