- What is Errante?
- Errante Pros and Cons
- Is Errante Safe or a Scam?
- Deposits and Withdrawals
- Trading Platform
- Customer Support
Our Review Method
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about Errante.
What is Errante?
Errante is a Cyprus-based Forex trading company, that offers trading services in various financial markets, including Forex, Shares, Metals, Indices, Commodities, Energy, and Cryptos.
Based on our research, the broker is regulated and authorized by the reputable European regulatory body CySEC. Additionally, the firm has a presence in Seychelles and is authorized by the Financial Services Authority (FSA).
Errante Pros and Cons
Per our findings, the firm has advantages and disadvantages that are important for traders to consider. For the pros, the broker offers competitive trading solutions, a low minimum deposit requirement, and access to the well-known MetaTrader trading platforms and an advanced cTrader. Moreover, Errante provides comprehensive learning materials and webinars, enabling clients to make informed trading decisions.
For the cons, there is no 24/7 customer support available. Additionally, the broker lacks a top-tier license, which could be a concern for traders who prioritize brokers with higher regulatory credentials. However, trading under CySEC is considered safe enough.
|European license and oversee
|No top-tier license
|MT4, MT5, cTrader trading platforms
|No 24/7 customer support
|Good trading conditions
Errante Review Summary in 10 Points
|MT4, MT5, cTrader
|Forex, Shares, Metals, Indices, Commodities, Energy, Cryptos
|💰 EUR/USD Spread
|🎮 Demo Account
|💳 Minimum deposit
|💰 Base currencies
|☎ Customer Support
Overall Errante Ranking
According to our analysis, Errante provides reliable trading services with competitive fees, which is an advantage for all levels of traders. However, we recommend considering the specific trading needs, preferences, and potential limitations of the platform before making a decision.
- Errante Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
Errante Alternative Brokers
After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to Errante.
- OCBC Securities – Competitive Trading Spreads
- FxOro – Range of Trading Instruments
- XPro Markets – Competitive Trading Conditions
Per our findings, Errante has been recognized and awarded over time. We have included a screenshot of some of these awards below.
Is Errante Safe or Scam?
No, Errante is not a scam. It is authorized by the well-regarded Cyprus Securities and Exchange Commission (CySEC). The regulatory authority imposes strict rules and regulations to ensure high standards in the financial industry.
Is Errante Legit?
Yes, Errante is a legitimate and regulated broker that follows the necessary regulations for offering Forex trading services. The broker’s commitment to compliance with industry standards is evident through its regulation under a respected European authority.
However, the broker also holds an offshore license. Therefore, before engaging in trading activities you should carefully consider and understand the differences while trading in different jurisdictions.
See our conclusion on Errante Reliability:
- Our Ranked Errante Trust Score is 7.9 out of 10 for good reputation and services provided. However, we recommended conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.
|Errante Strong Points
|Errante Weak Points
|Trading via offshore zone
|Account balance protection
|Professional trading environment
|Investors Compensation Fund (ICF)
Customer Trading Protection
According to our findings, Errante implements various measures to protect its trading accounts. These typically include regulatory oversight, and ensuring compliance with applicable rules and regulations. The firm also maintains fund protection mechanisms to keep client funds separate from the broker’s operational funds.
However, conduct thorough research and carefully examine the broker’s documentation, legal agreements, and policies. This will provide a comprehensive understanding of the specific trading protections offered by the broker, as trading conditions can vary across jurisdictions.
Leverage is a valuable tool that allows traders to enter the market with limited capital. However, you should understand that it can result in substantial gains or losses. Therefore, traders must have a comprehensive understanding of how leverage operates and its potential consequences before engaging in any trading activities involving leverage.
Errante leverage is offered according to CySEC and FSA regulations:
- European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
- International traders may use higher leverage up to 1:500, so understanding the implications and risks associated with leverage is crucial before making decisions about its use in trading.
Per our research, the broker offers Standard, Premium, VIP, and Tailor Made accounts that might suit the needs of different traders. Additionally, Errante provides Swap-Free accounts for religious purposes.
|Variety of accounts
|Low minimum deposit
|Swap-Free and Demo accounts
Opening Errante Trading Account
Opening an account with a broker is quite an easy process, as you can log in and register with Errante within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Register” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your data by uploading documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
Errante provides access to popular trading instruments, such as Forex, CFDs, Shares, Metals, Indices, Commodities, Energy, and Cryptos. This variety of trading products empowers traders and investors to create well-rounded portfolios that align with their financial objectives and risk preferences.
- Errante Markets Range Score is 8.5 out of 10 for a diverse selection of trading products overall.
After examining the broker’s fee offering, we found that fees vary based on the account types, trading services, and the financial instruments involved. Generally, brokerage fees may include spreads, commissions, and rollover charges. Also, additional fees may be incurred during trading activities.
- Errante Fees are ranked low or average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers.
|OCBC Securities Fees
Based on our test trade, the broker offers competitive spreads, with an average spread of 1.5 pips for the EUR/USD currency pair in the Forex market.
However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact customer support for detailed information on the spreads they offer for specific instruments and account types.
- Errante Spreads are ranked low or average with an overall rating of 7.9 out of 10 based on our testing comparison to other brokers. We found Forex spread is slightly higher than the industry average of 1.2 pips and the spreads for other instruments are competitive too.
|OCBC Securities Spread
|EUR USD Spread
|Crude Oil WTI Spread
Deposits and Withdrawals
Per our research, the broker provides multiple funding methods to accommodate diverse preferences including bank wire transfers, credit/debit card transactions, and e-wallets like Skrill, Neteller, etc. However, some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions involved.
- Errante Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for Errante funding methods:
|Variety of funding methods
|Fast digital deposits
Errante Minimum Deposit
We found that the broker’s minimum deposit requirements can differ depending on the type of account. To open a live trading account with the broker, clients need to deposit $€50 as an initial deposit amount for the Standard account type.
Errante minimum deposit vs other brokers
|Most Other Brokers
Based on our analysis, the withdrawal process may take about 2 to 4 working days to get your withdrawal request. However, it may differ depending on your local bank.
Withdraw Money from Errante Step by Step:
To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with the requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
At Errante, you can trade through the advanced MT4, MT5, and cTrader trading platforms. The platforms are known for their strong features, intuitive interface, advanced charting tools, and extensive trading capabilities.
Additionally, they are accessible on desktop, web, and mobile devices, allowing traders to select the option that suits their individual trading preferences and strategies.
- Errante Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers advanced trading platforms and mobile apps.
|OCBC Securities Platforms
We found that the platforms provide a variety of advanced charting tools, analytical technologies, trading signals, technical indicators, and other tools which is an advantage to any trader. Additionally, MetaTrader platforms offer automated trading capabilities, empowering traders to detect market movements and improve their market entry and stop-loss strategies.
The broker offers 24/5 customer support via live chat, email, and phone lines. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
- Customer Support in Errante is ranked good with an overall rating of 7.9 out of 10 based on our testing. The support team is responsive during working days, ensuring efficient assistance.
See our find and ranking on Customer Service Quality:
|Phone support, email, live chat
|No 24/7 customer support
|Supportive customer service
Finally, traders have the advantage of accessing a diverse selection of educational materials, including webinars, educational videos, market analysis, and an economic calendar all designed to enhance the knowledge and skills of traders.
- Errante Education ranked with an overall rating of 8 out of 10 based on our research. We found that the broker offers good learning materials suitable for all levels of traders to enhance their knowledge.
Errante Review Conclusion
In summary, Errante is a reliable Forex trading broker that offers competitive trading conditions, a diverse range of trading products, and low trading fees. The broker provides popular MetaTrader and cTrader trading platforms, which are equipped with advanced features and tools suitable for various levels of traders. Additionally, traders have access to a wide range of educational materials and research resources that support them in expanding their knowledge and staying informed about the market.
Overall, the broker provides a good trading environment, however, there are drawbacks as well, such as trading within an offshore zone and the absence of 24/7 customer support. Therefore, we advise conducting your research and evaluating whether the broker’s offerings suit your specific trading requirements.
Based on Our findings and Financial Expert Opinions Errante is Good for:
- European traders
- Traders who prefer the MT4, MT5, cTrader trading platforms
- International traders
- Currency trading
- Advanced traders
- Swap-Free Trading
- STP execution
- Competitive spreads and fees
- EA/Auto trading
- Good trading tools
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