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 |
Pros
- Regulated by CY CySEC and SC FSA
- User rating of 4.5 out of 5
- Expert ranking of 45 out of 815 forex brokers
- Offers negative balance protection
- Wide range of trading platforms including MetaTrader 4, MetaTrader 5, and cTrader
- Competitive average spreads in forex and commodities
Cons
- Relatively new to the market (founded in 2019)
- Only 1 verified user review
- No public financial disclosures
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 |
|
up to €20,000
|
|
|
30 : 1 | |
| Errante Securities (Seychelles) Ltd |
|
 |
|
|
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
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| Errante – Standard | 30.56 | 2.15 | 3.31 | 0.16 |
| Tickmill – Classic | 8.86 | 2.25 | 1.91 | 0.18 |
| IC Markets – Standard | 9.29 | 1.51 | 1.23 | 0.10 |
| XM – Standard | 39.54 | 2.39 | 3.63 | - |
| Pepperstone – Standard | 10.77 | 1.91 | 2.14 | 0.09 |
| Axi – Pro | 13.81 | 1.15 | 1.55 | 0.09 |
| OANDA – Standard | 36.96 | 0.75 | - | - |
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
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Errante – Standard | 53.98 | 7.15 | 1.57 | 1.82 | 2.74 | 1.96 | 2.41 | 2.41 | 3.99 | 2.63 | 0.30 | 0.03 |
| Tickmill – Classic | 16.10 | 1.61 | 1.70 | 1.96 | 2.70 | 1.89 | 2.66 | 2.61 | 1.53 | 2.28 | 0.25 | 0.01 |
| IC Markets – Standard | 15.59 | 3.00 | 0.88 | 1.14 | 1.81 | 1.37 | 2.35 | 1.49 | 1.51 | 0.96 | 0.18 | 0.02 |
| XM – Standard | 73.71 | 5.37 | 1.29 | 1.57 | 3.45 | 2.20 | 3.44 | 2.41 | 2.84 | 4.45 | - | - |
| Pepperstone – Standard | 18.54 | 3.01 | 1.14 | 1.43 | 2.82 | 1.46 | 2.68 | 1.95 | 1.46 | 2.82 | 0.17 | 0.02 |
| Axi – Pro | 25.32 | 2.30 | 0.53 | 1.15 | 1.73 | 0.72 | 1.40 | 1.40 | 1.10 | 2.00 | 0.15 | 0.02 |
| OANDA – Standard | 68.33 | 5.59 | 0.19 | 0.60 | 1.56 | 0.33 | 0.75 | 1.03 | - | 5.00 | - | - |
Swap Rates/Financing Fees
Swap fees are charges or payouts for holding a trading position overnight. Positive swap rates pay out to the trader, while negative swap rates cost money.
Errante's swap rates, based on the 'Average' column data, are generally worse compared to industry-leading brokers. Averages greater in value indicate worse swap rates.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| Errante | - | -15.22 | -0.14 | -0.15 | -3.90 | 1.37 | -42.50 | -46.00 |
| Tickmill | - | -2.24 | -0.13 | -0.13 | -2.66 | 1.27 | 20.97 | -32.76 |
| IC Markets | - | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| XM | - | -5.29 | -0.15 | -0.19 | -3.73 | 1.12 | 19.67 | -48.45 |
| Pepperstone | - | -3.00 | -0.14 | -0.14 | -2.70 | 1.30 | 22.99 | -39.29 |
| Axi | Best | -1.57 | -0.04 | -0.13 | -2.65 | 1.40 | 20.00 | -28.00 |
| OANDA | - | - | 0.00 | 0.00 | 15.00 | 0.09 | 0.00 | 0.00 |
Does Errante Offer Islamic/Swap-free Accounts?
Islamic accounts, also known as swap-free accounts, are available for traders who cannot earn or pay interest due to their religious beliefs.
Errante offers Islamic accounts with specific requirements for eligibility. For more details, visit Errante's official website.
Other Fees
Besides spreads, commissions, and swap rates, brokers often charge additional fees. These can include withdrawal fees, inactivity fees, and others. It's essential to be aware of these when evaluating a broker.
| Fee Type | Details |
|---|---|
| Withdrawal Fee | Varies by payment method; some methods may incur a fee |
| Inactivity Fee | Charged if the account is inactive for a certain period |
| Currency Conversion Fee | Applicable if trading in a currency different from the account's base currency |
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
| Platform | Type | Automated Trading |
|---|---|---|
| MetaTrader 5 | Desktop, Mobile, Web | Yes, MQL5 (easy to moderate) |
| MetaTrader 4 | Desktop, Mobile, Web | Yes, MQL4 (easy to moderate) |
| cTrader | Desktop, Mobile, Web | Yes, cAlgo (moderate) |
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?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 50+ |
| Crypto CFD | 27 |
| Stock CFD | 60+ |
| Stock Index CFD | 9 |
| Commodities CFD | 14 |
| ETFs | - |
| Options | - |
| Futures CFD | - |
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.
| Websites |
myportal.errante.com
errante.com
|
| Organic monthly visits | 26,004 (98%) |
| Organic traffic rank | 221 out of 943 (Forex Brokers) |
| Paid monthly visits | 497 (2%) |
| Total monthly visits | 26,501 |
| Bounce rate | 36% |
| Pages per visit | 4.77 |
| Average visit duration | 00:06:23.4440000 |
Errante Profile
| Company Name | Errante Securities (Seychelles) Ltd, Notely Trading Limited |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2019 |
| Headquarters | Seychelles |
| Office Locations | Cyprus, Malaysia, Seychelles, Vietnam |
| Account Currency | EUR, USD |
| Support Languages | Arabic, English, Hindi, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Farsi |
| Funding Methods | Bank Wire, Bitcoin, CashU, Credit/Debit Card, Neteller, Perfect Money, Skrill, SticPay, Ethereum, AdvCash, Tether (USDT), Ripple |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | Iran, United States |
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
Errante User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
Errante Cashback rebates
| Standard | Premium | VIP | Tailor Made | |
| Forex | $5.50 Per Lot | $3.66 Per Lot | $1.83 Per Lot | $1.22 Per Lot |
| Oil / Energies | $9.16 Per Lot | $6.11 Per Lot | $3.05 Per Lot | $1.83 Per Lot |
| Metals | Up to $12.22 Per Lot | Up to $7.33 Per Lot | Up to $3.66 Per Lot | Up to $1.83 Per Lot |
| Shares / Equities | $0.30 Per Lot | $0.15 Per Lot | $0.12 Per Lot | |
| Indices | $0.18 Per Lot | $0.15 Per Lot | $0.09 Per Lot | $0.06 Per Lot |
| Soft commodities (coffee,sugar...) | $5.50 Per Lot | $3.66 Per Lot | $1.83 Per Lot | $1.22 Per Lot |
| Cryptocurrencies | Up to $1.83 Per Lot | Up to $1.22 Per Lot | Up to $0.61 Per Lot | |
| Payment Options |
Monthly Cash Back
| |||
| Standard | |
| Forex | $5.50 Per Lot |
| Oil / Energies | $9.16 Per Lot |
| Metals | Up to $12.22 Per Lot |
| Shares / Equities | $0.30 Per Lot |
| Indices | $0.18 Per Lot |
| Soft commodities (coffee,sugar...) | $5.50 Per Lot |
| Cryptocurrencies | Up to $1.83 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Premium | |
| Forex | $3.66 Per Lot |
| Oil / Energies | $6.11 Per Lot |
| Metals | Up to $7.33 Per Lot |
| Shares / Equities | $0.30 Per Lot |
| Indices | $0.15 Per Lot |
| Soft commodities (coffee,sugar...) | $3.66 Per Lot |
| Cryptocurrencies | Up to $1.83 Per Lot |
| Payment Options |
Monthly Cash Back
|
| VIP | |
| Forex | $1.83 Per Lot |
| Oil / Energies | $3.05 Per Lot |
| Metals | Up to $3.66 Per Lot |
| Shares / Equities | $0.15 Per Lot |
| Indices | $0.09 Per Lot |
| Soft commodities (coffee,sugar...) | $1.83 Per Lot |
| Cryptocurrencies | Up to $1.22 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Tailor Made | |
| Forex | $1.22 Per Lot |
| Oil / Energies | $1.83 Per Lot |
| Metals | Up to $1.83 Per Lot |
| Shares / Equities | $0.12 Per Lot |
| Indices | $0.06 Per Lot |
| Soft commodities (coffee,sugar...) | $1.22 Per Lot |
| Cryptocurrencies | Up to $0.61 Per Lot |
| Payment Options |
Monthly Cash Back
|
What are Errante rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do Errante rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much Errante rebates can I earn?
Errante Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Notely Trading Limited |
|
up to €20,000
|
|
|
30 : 1 | |
| Errante Securities (Seychelles) Ltd |
|
|
|
|
500 : 1 |
Errante Symbols
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