Errante Review

Errante Overall rating

	Rating	Weight
User Rating	4.5 (7 reviews)	3
Popularity	3.6	3
Regulation	5.0	2
Pricing rating	4.2	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Errante using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Errante is regulated by the Cyprus Securities and Exchange Commission (CY CySEC) and the Seychelles Financial Services Authority (SC FSA). It has a user rating of 4.5 out of 5 based on 7 reviews, with one review from a verified real trading account.

It is ranked 75 out of 815 forex brokers based on user ratings and 45 out of 815 based on expert ratings. Despite being relatively new to the market (founded in 2019), Errante has gained a popularity rating of 3.6 out of 5.

It receives approximately 58,941 organic monthly visits, ranking 166 out of 815 forex brokers for organic traffic. It's important to note that even highly regulated and successful financial firms have failed in the past.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Notely Trading Limited	Cyprus - CY CYSEC		up to €20,000			30 : 1
Errante Securities (Seychelles) Ltd	Seychelles - SC FSA					500 : 1

Deposit Insurance

Under CY CySEC regulation, Errante supports a deposit compensation scheme that compensates investors if an authorized financial firm fails. However, this is not available under SC FSA regulation.

This adds an extra layer of security for traders under CY CySEC regulation, ensuring that client funds are protected up to a certain amount.

Spreads and Costs

Errante offers competitive average spreads and costs, especially in forex and commodities. Compared to some industry-leading brokers, Errante's average spreads are in-line or slightly higher in certain asset classes but remain competitive overall.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool (Spread Analyzer Tool), which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

Errante stands out in several areas when compared to other brokers. While it is relatively new to the market, having been founded in 2019, it has quickly gained a good reputation with a user rating of 4.5 out of 5 and an expert ranking of 45 out of 815.

Its regulatory licensing under CY CySEC and SC FSA provides a solid trust foundation, although it lacks public financial disclosures and a deposit compensation scheme under SC FSA.

Errante offers competitive spreads and costs, especially in forex and commodities, and provides a variety of trading platforms including MetaTrader 4, MetaTrader 5, and cTrader.

In terms of swap rates, Errante performs bad, with some rates being worse than industry averages. Overall, Errante's rapid rise in popularity and robust offering make it a strong contender in the forex brokerage market.

Trading Platforms - Mobile, Desktop, Automated

Errante offers a variety of trading platforms to cater to different trading needs. MetaTrader 4 and 5 are renowned for their robust charting tools, automated trading capabilities, and ease of use.

Both platforms support automated trading through their respective programming languages, MQL4 and MQL5, which are relatively easy to learn.

cTrader is another popular platform that offers advanced charting and trading features, along with cAlgo for algorithmic trading. These platforms ensure that traders have access to the best tools for their trading strategies.

What Can you Trade?

Errante offers a wide range of instruments across various asset classes. This includes over 50 forex CFDs, 27 crypto CFDs, and more than 60 stock CFDs. They also provide 9 stock index CFDs and 14 commodities CFDs. It's important to note that Errante primarily offers CFD trading, which allows traders to speculate on price movements without owning the underlying asset.

This can be beneficial due to the leverage offered, but it also carries additional risks. For more detailed information on the specific instruments available, visit Errante's markets web page.

Available Leverage

Errante offers varying leverage levels depending on the regulatory entity and the instrument. Under CY CySEC regulation, the maximum leverage for retail clients is 30:1. But, under SC FSA regulation, the leverage can go up to 500:1.

This high leverage option allows traders to take larger positions with a smaller amount of capital but also increases the risk of significant losses. It's essential for traders to understand the implications of using leverage and to manage their risk appropriately.

Prohibited Countries

Errante does not accept clients from certain countries. This includes jurisdictions where local regulations do not permit the offering of their services. For a detailed list of prohibited countries, refer to Errante's website or contact the broker's customer support.

Errante Account types

	Standard	Premium	VIP	Tailor Made
Commission	-			USD $7.00 Per Lot
Maximum leverage	500:1			Custom
Mobile Platform	cTrader Mobile, MT4 Mobile, MT5 Mobile
Trading platform	cTrader, MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	50	1000	5000	15000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Maximum leverage	500:1
Trading platform	cTraderMT4MT5
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Premium
Maximum leverage	500:1
Trading platform	cTraderMT4MT5
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	1000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	VIP
Maximum leverage	500:1
Trading platform	cTraderMT4MT5
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	5000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Tailor Made
Commission	USD $7.00 Per Lot
Maximum leverage	Custom
Trading platform	cTraderMT4MT5
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	15000
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

Errante Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Errante Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread