I guess one way to decide on a definition of ‘exists’ — since a given thing probably either exists or doesn’t — is to instead decide when it
doesn’t exist.
Does a five-sided triangle exist? Well, the very concept seems to be self-contradictory, but surely the idea exists (since I just mentioned it, and you probably understood what it meant and could see why it was contradictory), and even if you don’t believe the idea exists you must eventually concede that the sentence that describes it exists!
If you think things can only exist if you can point at them, steal them and destroy them, then would you say the natural numbers (= 0, 1, 2, 3, …) don’t exist? That would seem to be a strange notion of existence.
Other than that it isn’t a physical object you can hold in your hand, I don’t see why there’s anything problematic about regarding the circle as an object that exists, even if it’s just (in some sense) a theoretical object.
If you take your position to its extreme (but, I would argue, logical) conclusion, almost nothing in your everyday life exists. It’s all atoms, and the fact that you regard, say, a guitar as being a guitar is rather weird because any given guitar is almost certain to be atomically distinct from every other guitar that has ever existed. Are guitars just ideas? Would you say there’s ‘no such thing as a guitar’ because they’re all just approximations to the ideal guitar?
Put simply: what does rejecting the existence of ideas buy you? I don’t see how it’s a productive (or very insightful) position to hold.