You've essentially got the answer - no need for the factor of 0.5.
Essentially you have a two-dimensional system of first-order ODEs:
\begin{align}
\dot{x} & = v \\
\dot{v} & = \frac{F}{m},
\end{align}
where everything is a function of time except presumably $m$, and dots denote time-derivatives. If you do a simple, forward-Euler-esque first-order differencing of these, you find
\begin{align}
\frac{x_{n+1}-x_n}{\Delta t} & = v_n \\
\frac{v_{n+1}-v_n}{\Delta t} & = \frac{F_n}{m},
\end{align}
or
\begin{align}
x_{n+1} & = x_n + \Delta t \cdot v_n \\
v_{n+1} & = v_n + \Delta t \frac{F_n}{m}.
\end{align}
Here I'm indexing the timestep with $n$.
However, forward-Euler is inherently unstable. Fortunately, there's a symplectic method right around the corner. (That linked article is more of a stub, but it might contain some useful links.) The key is to advance positions from $t_n$ to $t_{n+1}$ using velocities at $t_{n+1/2}$. That is, suppose you were given $x_0$ and $v_{1/2}$ for each particle. Then you could use
\begin{align}
x_{n+1} & = x_n + \Delta t \cdot v_{n+1/2} \\
v_{n+1/2} & = v_{n-1/2} + \Delta t \frac{F_n}{m}
\end{align}
to integrate forward in time. This is known as the leapfrog method. With this, your system conserves an energy of a sort, and orbits are less likely to fly off to infinity or some such thing due to exponential growth of roundoff error.
The only catch is how to get $v_{1/2}$, since presumably you start with $v_0$. There you should just use as accurate a scheme as you are up to writing, fourth-order Runge-Kutta being a popular choice. It may be long-term unstable, but there's only so much error you'll introduce in half a timestep, and that error will be kept small afterward by the leapfrog scheme.
Finally, this answer applies to any general Newtonian gravity sim. If you really want perfect circles, as mentioned in passing in the question, then you won't get those except in an idealized system in which planets do not interact with each other and the initial conditions are chosen just right. If that's the case, then, you don't need to integrate at all, since the angular velocity (radians per unit time) of such an object is simply
$$ \omega = \sqrt{\frac{GM}{r^3}}, $$
where $M$ is the mass of the central object and $r$ is the radius of the orbit. This can be used to test the accuracy of your simulation.