Errante

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Leverage 1:500
Minimum Deposit $50
Regulation CySEC, FSA
Year Established 2018
Payment Methods Bank Transfer, Credit/Debit Cards, Cryptocurrency, Skrill, Neteller, PayPal
Trading Assets Forex, Indices, Shares, Commodities, Cryptocurrencies
MT4
MT5
Spreads Very Low
Average cost: EUR/USD 0.2 pips
Demo Account
Islamic Account
CopyTrading
ZuluTrade
Scalping Yes
Signals
EAs/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Contact Information Email: [email protected], Phone: +44 203 519 4635
Rating ★★★★☆ 4.4
Website

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Pros and Cons

Pros
  • Low minimum deposit
  • Wide range of trading assets
  • Supports MT4 and MT5
  • Competitive spreads
  • Strong regulation
Cons
  • Limited social trading options
  • No ZuluTrade
  • Withdrawal processing time within 24h
  • Limited educational resources

Introduction

Errante is a relatively new entrant in the online brokerage industry, established in 2018.

Despite its recent entry, the company has quickly gained attention for providing a reliable trading environment, competitive spreads, and a wide range of trading platforms and assets.

This comprehensive review explores various aspects, including its regulatory status, trading platforms, account types, fees, customer support, and more.

The aim is to give both novice and intermediate traders a thorough understanding of what this broker has to offer.

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Background and Regulation

Errante operates under Errante Securities (Seychelles) and Errante Securities (Cyprus) Ltd, catering to clients worldwide.

The company is regulated by two notable regulatory bodies: the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles.

These regulatory bodies ensure the company maintains stringent standards in client fund security, transparency, and overall operational integrity.

Regulation

Regulation is crucial when choosing a broker, as it ensures adherence to strict financial and operational standards.

Errante’s regulatory status is one of its key strengths.

  • CySEC (Cyprus Securities and Exchange Commission): CySEC is a respected regulatory authority in Europe, known for its stringent regulations and oversight. Brokers regulated by CySEC must comply with the Markets in Financial Instruments Directive (MiFID II), ensuring a high level of investor protection.
  • FSA (Financial Services Authority of Seychelles): The FSA provides regulatory oversight for financial services firms in Seychelles. While it is less stringent compared to CySEC, it still requires maintaining good operational practices and client fund protections.

Company Background

Established in 2018, Errante aimed to provide high-quality trading services to a global client base.

The company operates multiple entities to meet different regulatory requirements and client needs.

The broker’s mission is to offer an exceptional trading experience through advanced trading technology, a wide range of trading instruments, and excellent customer support.

Its commitment to transparency and integrity has helped it build a strong reputation in a short period.

Trading Platforms

Errante offers its clients access to three of the most popular trading platforms in the industry: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.

All platforms are known for their user-friendly interfaces, advanced trading tools, and comprehensive analytical capabilities.

Meta Trader 4 (MT4)

MetaTrader 4 is a widely used trading platform, especially favored for forex trading. It offers features catering to both novice and experienced traders, including:

  • User-friendly interface: MT4’s intuitive design makes it accessible for beginners while providing powerful tools for advanced users.
  • Advanced charting tools: The platform includes various technical analysis tools, such as indicators, oscillators, and charting capabilities.
  • Automated trading: Traders can use Expert Advisors (EA) to automate their trading strategies.
  • Mobile trading: MT4 is available on both Android and iOS devices, allowing traders to manage their accounts on the go.

Meta Trader 5 (MT5)

MetaTrader 5 is the successor to MT4, offering additional features and improvements. While retaining much of what made MT4 popular, MT5 includes several enhancements:

  • Extended asset classes: MT5 supports trading in more asset classes, including stocks, commodities, and futures.
  • Improved interface: MT5 has a more streamlined and modern interface compared to MT4.
  • More order types: MT5 offers additional order types, providing greater flexibility in executing trading strategies.
  • Advanced analytical tools: The platform includes more technical indicators and timeframes, enhancing the analytical capabilities for traders.

cTrader

cTrader is a powerful trading platform known for its comprehensive trading features and user-friendly design. It is highly regarded for providing a transparent and straightforward trading environment. Key features include:

  • Advanced charting and analysis tools: cTrader offers a wide range of technical indicators and drawing tools to assist traders in making informed decisions.
  • Automated trading: The platform supports automated trading through cAlgo, allowing traders to develop and use trading robots and custom indicators.
  • Customizable interface: cTrader’s interface is highly customizable, enabling traders to set up their workspace according to their preferences.
  • Level II Pricing: cTrader provides access to Level II Pricing, giving traders a detailed view of the market depth and order book.
  • Mobile and web trading: cTrader is available on multiple devices, including web browsers, Android, and iOS, allowing traders to trade from anywhere.

These platforms provide Errante’s clients with a wide array of tools and features to enhance their trading experience, catering to traders of all levels and strategies.

Account Types

Errante offers a wide set of account types to cater to different trading needs and preferences.

These include Standard, Premium, VIP, and Tailor Made accounts, each with its set of features and benefits.

Account Types Overview

FeatureStandardPremiumVIPTailor Made
Minimum Deposit$50$1,000$5,000$15,000
SpreadsFrom 1.5 pipsFrom 1.0 pipFrom 0.0 pipsCustom
PlatformsMT4, MT5MT4, MT5MT4, MT5MT4, MT5
LeverageUp to 1:500Up to 1:500Up to 1:500Custom
Dedicated ManagerNoNoYesYes
Exclusive InsightsNoNoYesYes
Priority SupportNoYesYesYes

Standard Account

The Standard Account is designed for new and casual traders.

It requires a minimum deposit of $50 and offers competitive spreads, starting from 1.5 pips.

This account type provides access to both MT4 and MT5 platforms and supports various trading instruments, including forex, commodities, indices, and cryptocurrencies.

Premium Account

The Premium Account is suitable for more experienced users.

It requires a minimum deposit of $1,000 and offers tighter spreads, starting from 1.0 pip.

This account type also provides access to MT4 and MT5 platforms and supports a broader range of trading instruments.

Additionally, Premium Account holders benefit from higher leverage and priority customer support.

VIP Account

The VIP Account is designed for professional traders and high-net-worth individuals.

It requires a minimum deposit of $5,000 and offers even tighter spreads, starting from 0.0 pips.

VIP Account holders enjoy a range of premium features, including dedicated account managers, bespoke trading conditions, and exclusive market insights.

Tailor Made Account

The Tailor Made Account is for institutional clients and sophisticated investors with unique trading requirements.

This account type is highly customizable, allowing clients to negotiate specific terms and conditions based on their trading needs.

It requires a minimum deposit of $15.000 and offers the best trading conditions, including personalized spreads, leverage, and commissions.

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Trading Instruments

Errante provides a wide range of trading instruments, ensuring that clients have ample opportunities to diversify their portfolios.

The broker offers access to various asset classes, including forex, indices, commodities, shares, and cryptocurrencies.

Trading Instruments Overview

Asset ClassExamplesNumber of Instruments
ForexEUR/USD, GBP/USD, USD/JPY50+
IndicesS&P 500, NASDAQ, FTSE 10010+
CommoditiesGold, Silver, Oil10+
SharesApple, Amazon, Google100+
CryptocurrenciesBitcoin, Ethereum, Ripple10+

Forex

Forex trading is one of its core offerings.

This broker provides access to over 50 currency pairs, including major, minor, and exotic pairs.

The competitive spreads and high leverage make it an attractive option for forex traders.

Indices

Errante offers trading on various global indices, including major ones like the S&P 500, NASDAQ, FTSE 100, and DAX 30.

This allows traders to speculate on the performance of entire markets rather than individual stocks.

Commodities

Commodity trading is also available, with options to trade precious metals like gold and silver, as well as energy commodities like oil and natural gas.

These instruments provide additional avenues for diversification and hedging.

Shares

It also offers access to trading individual stocks from major global markets.

This includes shares from leading companies in the US, Europe, and Asia.

Traders can benefit from both rising and falling stock prices by taking long or short positions.

Cryptocurrencies

Cryptocurrency trading has become increasingly popular, and Errante caters to this demand by offering trading in various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

The broker provides competitive spreads and leverage for crypto trading, making it accessible to a broad range of users.

Spreads and Fees

Errante is known for its competitive spreads and transparent fee structure.

The broker offers different spreads based on the account type, ensuring that traders can choose the account that best suits their trading style and budget.

Spreads and Fees Overview

Fee TypeStandardPremiumVIP
SpreadsFrom 1.5 pipsFrom 1.0 pipFrom 0.0 pips
CommissionsNoneNoneVaries
Swap FeesVariesVariesVaries
Deposit FeesNoneNoneNone
Withdrawal FeesNoneNoneNone

Spreads

Errante offers variable spreads that differ depending on the account type:

  • Standard Account: Spreads start from 1.5 pips.
  • Premium Account: Spreads start from 1.0 pip.
  • VIP Account: Spreads start from 0.0 pips.

Commissions

Errante generally operates on a commission-free model for its Standard and Premium accounts, with trading costs incorporated into the spreads.

However, the VIP Account may involve commission charges, particularly for trading instruments with ultra-tight spreads.

Swap Fees

Swap fees, or overnight financing fees, apply to positions held overnight.

These fees vary depending on the instrument and the direction of the trade (long or short).

Errante provides detailed information on swap rates within the trading platforms.

Deposit and Withdrawal Fees

Errante does not charge any fees for deposits or withdrawals.

However, clients should be aware that third-party payment providers (such as banks or e-wallets) may impose their charges.

Payment Methods

Errante supports many payment methods to facilitate easy deposits and withdrawals.

These include:

  • Bank Transfer: Secure and widely used, but may take several days to process.
  • Credit/Debit Cards: Instant processing, accepted globally.
  • E-wallets: Includes popular options like Skrill, Neteller, and PayPal, offering fast and secure transactions.

The availability of these payment methods ensures that clients from different regions can fund their accounts conveniently.

Customer Support

The company prides itself on providing excellent customer support.

The broker offers multiple channels for clients to get in touch, including email, phone, and live chat.

Support is available in numerous languages, reflecting its international client base.

Contact Information

Customer support is available 24/5, ensuring that customers can get assistance during market hours.

Educational Resources

While Errante excels in many areas, its educational resources are partially limited compared to some other companies.

The broker does offer free educational materials, including articles and guides on trading strategies, market analysis, and platform tutorials.

However, there is room for improvement in this area, particularly for novice traders who could benefit from more comprehensive educational content.

Available Resources

Errante provides the following educational resources:

  • Articles: Covering various trading topics, including market analysis, trading strategies, and risk management.
  • Guides: Detailed guides on using the MT4 and MT5 platforms, as well as general trading tips.
  • Webinars: Occasional webinars hosted by experienced analysts.

To further enhance its educational offering, it could consider expanding its library of video tutorials, e-books, and interactive courses.

Security of Funds

Like most companies, it places a strong emphasis on the security of client funds.

The broker adheres to strict regulatory requirements to ensure that client funds are protected.

Segregated Accounts

Client funds are held in segregated accounts, separate from its operational funds.

This ensures that client funds are not used for any purpose besides trading.

Negative Balance Protection

Errante provides negative balance protection, ensuring that clients cannot lose more than their account balance.

This is a crucial feature, particularly during periods of high market volatility.

Investor Compensation Fund

As a CySEC-regulated broker, Errante is a member of the Investor Compensation Fund (ICF).

This fund provides additional protection to clients by compensating them if the company becomes insolvent.

These robust security measures ensure that clients can trade with confidence, knowing that their funds are well-protected.

Trading Conditions

Errante offers competitive trading conditions, making it an attractive option for both novice and experienced traders.

The broker provides high leverage, tight spreads, and fast execution speeds.

Leverage

Errante offers leverage up to 1:500, depending on the asset class and account type.

While high leverage can amplify profits, it also increases the risk of significant losses.

Therefore, users should use leverage responsibly and ensure they have a good risk management strategy in place.

Execution Speed

The platform is known for its fast execution speeds, which is essential for traders looking to capitalize on short-term market movements.

The broker uses advanced technology to ensure that trades are executed quickly and accurately.

Slippage

Errante takes measures to minimize slippage, which occurs when a trade is executed at a different price than expected.

This is particularly important during periods of high market volatility, where slippage can have a significant impact on trading outcomes.

User Experience

The company provides a seamless user experience, from account registration to trading execution.

Their website is well-designed and easy to navigate, providing clients with all the information they need in a clear and concise manner.

Account Registration

The account registration process is straightforward and can be completed online in a few minutes.

Clients need to provide basic personal information and upload relevant documents to verify their identity.

Once the account is verified, clients can fund their account and start trading.

Trading Platforms

Both the MT4 and MT5 platforms are highly user-friendly and cater to traders of all experience levels.

The platforms offer a range of customization options, allowing users to set up their trading environment according to their preferences.

Mobile Trading

Errante offers mobile trading apps for both MT4 and MT5, available on Android and iOS devices.

These apps provide full functionality, allowing traders to manage their accounts, execute trades, and monitor the markets while on the go.

Market Research and Analysis

Errante offers a range of market research and analysis tools to help customers make informed decisions.

These include daily market analysis, economic calendars, and trading signals.

Daily Market Analysis

It also provides daily market analysis reports, covering major financial markets.

These reports include technical and fundamental analysis, helping traders identify potential trading opportunities.

Economic Calendar

The economic calendar is an essential tool, providing information on upcoming economic events and data releases.

They have an economic calendar which is integrated into the trading platforms, allowing traders to stay informed about key events that could impact the markets.

Trading Signals

Errante offers trading signals, which are recommendations on potential trading opportunities.

These signals are based on technical analysis and are provided by experienced analysts.

Traders can use these signals to supplement their analysis and make more informed trading decisions.

Prospects for Improvement

While Errante offers a robust trading environment, there are areas where the broker could improve.

Expanding its educational resources would be beneficial, particularly for novice traders.

Additionally, offering more social trading options, such as ZuluTrade, could attract users interested in copying the trades of experienced investors.

Suggested Improvements

  1. Educational Resources: Developing a comprehensive educational section with video tutorials, e-books, and interactive courses would greatly benefit novice traders and help them expand their trading skills.
  2. Social Trading: Introducing social trading features, such as Zulu Trade or similar platforms, would provide clients with additional ways to engage with the markets and learn from experienced traders.
  3. Withdrawal Processing: Improving the speed and consistency of the withdrawal process would enhance the overall client experience and reduce potential frustrations.

Potential Impact of Improvements

Implementing these improvements would make it an even more attractive option for traders of all experience levels.

Enhanced educational resources would support novice users in their learning journey, while social trading features would provide additional value to clients seeking to follow and learn from experienced traders.

Faster withdrawal processing would ensure that clients have a seamless experience when accessing their funds.

Conclusion

Errante has established itself as a reputable and reliable broker in a relatively short period.

With its competitive trading conditions, strong regulatory framework, and excellent customer support, it is an attractive option for customers of all experience levels.

The availability of MT4, MT5 and cTrader platforms, combined with a wide range of trading instruments, ensures that traders have the tools they need to succeed in the financial markets.

While there is room for improvement in terms of educational resources and social trading options, the overall trading experience with Errante is highly positive.

The broker’s commitment to transparency, security, and customer satisfaction makes it a strong contender in the online brokerage industry.

Whether you are a novice trader looking to get started or an experienced trader seeking competitive trading conditions, Errante is well worth considering.

Visit official website: www.errante.com

FAQ

What is the minimum deposit?

The minimum deposit is $50.

Is Errante a regulated broker?

Yes, the company is regulated by CySEC and FSA.

Does it offer a demo account?

Yes, Errante provides a demo account for traders to practice and get familiar with the platform.

What trading platforms does it support?

The broker supports MT4, MT5 and cTrader trading platforms.

Are there any fees for deposits and withdrawals?

Errante does not charge any deposit or withdrawal fees.

Can I use automated trading strategies?

Yes, this broker allows the use of EAs/robots for automated trading.

Does Errante offer negative balance protection?

Yes, it provides negative balance protection to ensure that clients do not lose more than their account balance.

Resources

User Reviews

“I have been trading with Errante for over a year now, and I must say that their customer service is top-notch. Whenever I had an issue or a question, their support team was quick to respond and very helpful. The trading platform is stable and user-friendly, which makes trading a breeze. I am particularly impressed with their low spreads and the variety of trading assets available.”
John Smith
“Errante has been a game-changer for my trading experience. Their low minimum deposit allowed me to start trading without a huge financial commitment. I appreciate the range of payment methods they offer, making deposits and withdrawals hassle-free. The MT5 platform they provide is excellent, with all the tools I need to execute my trading strategies effectively.”
Sarah Johnson
“I’ve been with them for a few months now, and overall, I am quite satisfied. The account setup was straightforward, and I was able to start trading within a day. The spreads are very competitive, especially for major currency pairs. One thing I hope they improve is their educational resources, as they are a bit limited compared to other brokers.”
Michael Brown
“Errante offers a fantastic trading environment. The support for MT4 and MT5 platforms is great, as I prefer MT5 for its advanced features. The customer support is responsive, and I have never faced any issues with deposits or withdrawals. However, I wish they offered more social trading options like ZuluTrade.”
Jessica Davis
“My experience has been very positive. The broker offers a wide range of trading assets and excellent trading conditions. The spreads are some of the lowest I’ve encountered, and the execution speed is impressive. The only downside is that the withdrawal process can sometimes take a bit longer than expected.”
David Wilson
“Errante has proven to be a reliable broker with excellent customer support. I appreciate the negative balance protection they offer, which gives me peace of mind while trading. The variety of payment methods and the absence of deposit and withdrawal fees are big pluses for me. Overall, I am very happy with their service.”
Emma Martinez

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Last updated: June 11, 2024