Errante 

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Popularity popular broker
Leverage 1:500
Minimum Deposit $50
Regulation ASIC, CySEC, FSA
Payment Methods Credit/Debit Card, Bank Transfer, Skrill, Neteller
Trading Assets Forex, Metals, Cryptos, Shares, Indices, Commodities
MT4
MT5
Spreads Low
Average cost: EUR/USD 0.2 pips
Demo Account
Islamic Account
MAM
PAMM
Copy Trading
ZuluTrade
Scalping Yes
Signals
EA/Robots Available
Negative Balance Protection Yes
Deposit Fee
Withdrawal Fee
Inactivity Fee $10/month after 3 months
Year Established 2019
Contact Information Email: [email protected], Phone: + +44203 519 4635
Mobile Trading APP
Rating ★★★★☆ 4.2
Website

Pros and Cons

Pros
  • Low minimum deposit
  • Wide range of trading instruments
  • Regulated by multiple authorities
  • MT4 and MT5 platforms available
  • Mobile app for trading on the go
Cons
  • Inactivity fee after 3 months
  • PAMM accounts not available
  • ZuluTrade not supported
  • No 24/7 customer support
  • Limited number of cryptocurrencies

Introduction

Errante is a relatively new player in the online brokerage industry, having been established in 2019.

Despite its short history, the company has quickly gained a reputation for offering a reliable and user-friendly trading platform, backed by robust regulatory oversight and a wide range of trading instruments.

This review will cover all aspects of its services, from account types and trading platforms to customer support and regulatory compliance.

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Overview

This broker provides access to financial markets, including forex, metals, cryptocurrencies, shares, indices, and commodities.

The company operates under the regulation of multiple financial authorities, ensuring a high level of security and transparency.

With its headquarters in Seychelles, it also maintains offices in Cyprus, enhancing its global reach and client support capabilities.

Regulation and Safety of Funds

One of the key aspects of any brokerage is its regulatory status.

The company is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.

Additionally, the broker’s European operations are regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 383/20.

This dual regulation ensures that the company adheres to stringent financial and operational standards, providing clients with a safe and secure trading environment.

Errante takes the safety of funds seriously and segregates them from its operational funds, ensuring that client money is protected in the event of the company’s insolvency.

Additionally, the firm offers negative balance protection, which prevents individuals from losing more than their initial investment.

Account Types

The broker offers several account types to cater to the diverse needs of its customers:

Account Type Minimum Deposit Spreads Commissions Leverage
Standard $50 From 1.5 pips None Up to 1:500
Premium $1,000 From 1.2 pips None Up to 1:500
VIP $5,000 From 0.8 pips None Up to 1:500
Tailor Made $15,000 From 0.0 pips Varies Custom
Claim up to 30% deposit bonus

Trading Platforms

Errante provides its clients with access to two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Both platforms are available for desktop, web, and mobile devices, ensuring that users can trade from anywhere at any time.

MetaTrader 4 (MT4)

MT4 is widely recognized for its user-friendly interface and powerful trading tools.

It offers a range of features, including:

  • Advanced charting capabilities
  • Customizable indicators and trading strategies
  • Automated trading through Expert Advisors (EAs)
  • Secure and fast order execution

MetaTrader 5 (MT5)

MT5 builds on the success of MT4, offering additional features and functionalities, such as:

  • Enhanced charting tools and technical indicators
  • More timeframes and order types
  • Integrated economic calendar
  • Advanced algorithmic trading capabilities

Both platforms support multiple order types and execution modes, providing the flexibility to implement trading strategies effectively.

Copy Trade

Errante CopyTrade supports your trading portfolio.

They enable you to find other successful investors and emulate them, and their Copy Trade tool allows traders to monitor the trading strategies of other successful traders.

This can be an automatic or manual process but remember, your capital is still at-risk whichever method is selected.

Copy Trade is an advanced solution allowing you to access unlimited trading opportunities without many technical skills and the minimum of time.

You simply choose to copy traders (also known as CopyTrade Providers) who you think are the right fit for you and follow their trading strategies at the click of a button.

You can decide to follow or unfollow as many Copy Trade Providers as you wish.

Trading Instruments

Errante offers a diverse range of trading instruments across various asset classes:

  • Forex: Clients can trade over 50 currency pairs, including majors, minors, and exotics.
  • Metals: Trade popular precious metals like gold and silver.
  • Cryptocurrencies: Access a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
  • Shares: Trade shares of some of the world’s largest companies.
  • Indices: Trade on major global indices such as the S&P 500, NASDAQ, and FTSE 100.
  • Commodities: Trade various commodities, including oil, natural gas, and agricultural products.

Spreads and Commissions

The broker offers competitive spreads across all account types, with the tightest spreads available on the VIP and Tailor Made accounts.

They charge no commissions on Standard and Premium accounts, with trading costs incorporated into the spreads.

On the VIP and Tailor Made accounts, clients can enjoy spreads starting from 0.0 pips, with a small commission charged per lot traded.

Leverage and Risk Management

The company offers leverage up to 1:500, allowing investors to amplify their trading positions.

However, while high leverage can increase potential profits, it also comes with increased risk.

Therefore, it is crucial for clients to understand and manage their risk exposure effectively.

To help them manage risk, it provides several risk management tools, including:

  • Stop Loss Orders: Allows traders to set a predetermined price level at which a position will be automatically closed to limit losses.
  • Take Profit Orders: Enables traders to set a target price at which a position will be automatically closed to lock in profits.
  • Trailing Stops: A dynamic stop loss that moves with the market price, allowing traders to secure profits while limiting potential losses.
  • Negative Balance Protection: Ensures that clients cannot lose more than their initial investment, providing an additional layer of protection.

Payment Methods and Fees

Errante offers more than 10 payment methods to ensure convenient and secure transactions for its clients.

These include:

  • Credit/Debit Cards (Visa, MasterCard)
  • Bank Transfers
  • E-wallets (Skrill, Neteller)

Deposits are processed instantly, allowing clients to fund their accounts and start trading without delay.

Withdrawal times may vary depending on the chosen method, but Errante strives to process all withdrawal requests promptly.

The broker does not charge any fees for deposits or withdrawals, making it cost-effective.

However, clients should be aware that their payment provider may charge fees for transactions.

Additionally, there is an inactivity fee of $10 per month if there is no trading activity for three months or more.

Customer Support

The company prides itself on providing excellent support to its clients.

The support team is available 24/5 via multiple channels, including email, phone, and live chat.

Clients can reach out to the support team for assistance with account setup, trading issues, technical problems, and more.

The broker also offers a comprehensive FAQ section on its website, covering a wide range of topics, including account management, trading platforms, deposit and withdrawal processes, and more.

This resource is designed to help users find answers to common questions quickly and easily.

Educational Resources

This broker is committed to helping its clients improve their trading skills and knowledge.

It offers tons of educational resources to cater to traders of all levels, from beginners to advanced traders.

These resources include:

Educational Videos

The broker provides a collection of educational videos covering various trading topics, including market analysis, trading strategies, risk management, and platform tutorials.

These videos are designed to help traders build a solid foundation of knowledge and enhance their trading skills.

Webinars

The firm regularly hosts webinars conducted by industry experts.

These webinars cover a wide range of topics, including market trends, technical analysis, fundamental analysis, and trading psychology.

Webinars provide an interactive platform for traders to learn from experts and ask questions in real-time.

Market Analysis

The broker offers daily market analysis, providing insights into market trends, economic events, and potential trading opportunities.

This analysis is available in the form of written reports, video analysis, and market commentary, helping traders stay informed and make well-informed trading decisions.

Trading Guides and Articles

Errante provides a comprehensive library of trading guides and articles covering various aspects of trading.

These resources cover topics such as trading basics, technical and fundamental analysis, trading strategies, and risk management.

The guides and articles are designed to help traders develop a more in-depth understanding of the markets and refine their trading strategies.

Special Features

It also offers several special features to enhance the trading experience and provide added value to its clients.

These features include:

Copy Trading

The broker offers a Copy Trading feature, allowing clients to automatically copy the trades of experienced traders.

This feature is particularly useful for beginner traders who may not have the time or expertise to develop their own trading strategies.

By following successful traders, investors can potentially achieve similar trading results.

Scalping

Errante supports scalping, a trading strategy that involves making multiple small trades to take advantage of short-term market movements.

Scalping requires quick decision-making and fast execution, and its trading platforms are well-equipped to handle this strategy.

Their low spreads and fast order execution make it an ideal choice for scalpers.

Negative Balance Protection

To protect its clients, it offers negative balance protection.

This feature ensures that they cannot lose more than their initial investment, even in volatile market conditions.

Negative balance protection provides peace of mind and helps traders manage their risk more effectively.

VPS (Virtual Private Server)

For clients who use automated trading strategies or Expert Advisors (EA), Errante offers free VPS (Virtual Private Server) access for VIP account holders.

A VPS provides a stable and secure environment for automated trading, ensuring that trading systems run smoothly without interruption.

Mobile Trading

In today’s fast-paced world, the ability to trade on the go is essential for many traders.

Errante offers a mobile trading app available for both iOS and Android devices.

The mobile app provides a seamless trading experience, allowing clients to monitor the markets, execute trades, and manage their accounts from anywhere at any time.

Mobile App Features

The mobile trading app offers all the features of the desktop platforms, including:

  • Advanced Charting Tools: The app provides advanced charting capabilities, allowing traders to perform technical analysis on the go.
  • Real-Time Market Data: Clients can access real-time market data and stay updated on price movements and market trends.
  • Order Management: The app allows traders to place and manage orders, including market orders, limit orders, stop orders, and more.
  • Secure Trading: The mobile app ensures secure and fast order execution, with the same level of security as the desktop platforms.
  • Push Notifications: Traders can receive push notifications for important market events, order executions, and account updates.

Conclusion

Errante has quickly established itself as a reliable and user-friendly online broker, offering a wide range of trading instruments, competitive spreads, and robust regulatory oversight.

The broker’s commitment to client education and support, combined with its advanced trading platforms and special features, make it an attractive choice for both novice and experienced traders.

While the inactivity fee may be a drawback for some, the overall trading experience with Errante is highly positive, making it a broker worth considering for anyone looking to enter the world of online trading.

Key Takeaways

  • Established in 2019, Errante offers a wide range of trading instruments and competitive spreads.
  • Regulated by multiple authorities, including the Seychelles FSA and CySEC.
  • Provides access to both MT4 and MT5 trading platforms.
  • Offers various account types to suit different trading needs and experience levels.
  • Supports multiple payment methods with no deposit or withdrawal fees.
  • Comprehensive educational resources and 24/5 customer support available.
  • Special features like Copy Trading, scalping support, and negative balance protection enhance the trading experience.
Visit official website: www.errante.com

User Reviews

“I’ve been trading with them for a few months now, and overall, my experience has been positive. The platform is user-friendly, and the spreads are low. Customer support is responsive, though I wish they offered 24/7 service. The mobile app is also quite handy for trading on the go.”
Alice Brown
“Errante has been a reliable broker for me. Their verification process was straightforward, and I appreciated the variety of payment options available. The only downside is the inactivity fee, but as long as you trade regularly, it shouldn’t be an issue.”
John Smith
“I chose it because of their regulations and low minimum deposit. So far, I haven’t been disappointed. The platform is stable, and the educational resources have been helpful. However, I do wish they had PAMM accounts.”
Emma Johnson
“Trading with Errante has been smooth. The MT5 platform offers numerous tools for analysis, and I find the spreads quite competitive. Their support could be better in terms of availability, but they are knowledgeable and helpful.”
David Williams
“Its mobile app is a game-changer for me. I can trade anytime, anywhere, which fits my busy schedule. The variety of assets available is also a plus. I haven’t encountered any major issues so far, and I’m happy with their service.”
Sophia Lee
“The platform is easy to navigate, and the customer attention is decent. I like that they offer MT4, MT5 and Copy Trade. The spreads are good, and I haven’t had any problems with deposits or withdrawals. Overall, a solid broker.”
Michael Clark

Frequently Asked Questions (FAQ)

What is the minimum deposit?

The minimum deposit is $50, making it accessible for new traders.

Does it offer a demo account?

Yes, Errante offers a demo account for users to practice trading without risking real money.

What trading platforms does it support?

Errante supports MT4, MT5 and CopyTrade trading platforms, offering a range of tools for traders.

Is Errante regulated?

Yes, the company is regulated by multiple authorities including ASIC, CySEC, and FSA.

What payment methods are accepted?

Errante accepts various payment methods such as Credit/Debit Card, Bank Transfer, Skrill, and Neteller.

Does Errante charge any fees?

It does not charge deposit or withdrawal fees, but there is an inactivity fee of $10/month after 3 months of inactivity.

Does it have a mobile trading app?

Yes, this broker offers a mobile trading app available on both the App Store and Google Play.

Resources

      Our experts

      This article has been written, edited and reviewed by the following members of our team:

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      Feng Zhou

      Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

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      Sandro Pontedra

      Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

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      Stephane Dubois

      Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

      Last update:July 15, 2024