Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Errante Pros & Cons
- Regulation by the Cyprus Securities and Exchange Commission (CySEC).
- Protection of client deposits through the Investors Compensation Fund's insurance program and compensation fund.
- Minimum deposit of $50/€50.
- A good choice of currency pairs.
- Dynamic leverage.
- Wide range of trading accounts.
- Adaption of trading conditions to meet local financial regulatory requirements.
- Errante CopyTrade service is available only for non-EU nationals.
- The broker does not offer cent accounts.
- Traders from the EU cannot deposit or trade cryptocurrencies.
TU Expert Verdict
Errante demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Errante User Reviews
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5-star
0%
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4-star
20%
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3-star
40%
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1-star
40%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of Errante have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Errante Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.7 /10Errante has a safety score of 8.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.1 /10Errante offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Exclusive VIP account with enhanced trading conditions
- Demo account
- Micro lots are not available
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10Errante received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.8 /10Errante offers a limited selection of trading assets compared to the market average. The platform supports 120 assets in total, including 50 Forex pairs.
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Trading Account Opening
We successfully registered an account with Errante in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Errante is $50.Score:We evaluated Trading Account Opening at Errante by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at Errante by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.6 /10
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FAQs
How secure is trading with Errante in terms of regulation and client protection?
Errante has a safety score of 8.7/10, described as a high security level, and is regulated by CySEC in Cyprus (Tier-1, with an investor protection fund up to €20,000) and the FSA in Seychelles (Tier-3, with no specific compensation fund). The broker was founded in 2019, applies negative balance protection, and requires KYC verification, but its track record is under 8 years, which is noted as a disadvantage in the review.
What do reviews say about Errante’s trading commissions and non-trading fees?
According to the review, Errante’s overall fee level is rated as medium, with a commissions and fees score of 7/10. The broker offers low Forex trading fees, tight EUR/USD spreads, and charges no deposit, withdrawal, or inactivity fees, while ECN/RAW accounts have a $3 per lot commission and very low average spreads (around 0.1 pips on EUR/USD and 0.15 pips on GBP/USD).
Which account types and key trading conditions are available at Errante?
Errante offers Demo, Standard, ECN/Raw spread (Tailor Made), Swap Free (Islamic), VIP, Standard, and Premium accounts, but does not provide Cent or Micro accounts. Minimum deposits range from €50 on the Standard account to €15,000 on the Tailor Made ECN account, with spreads starting from 1.8 pips on Standard down to 0 pips on Tailor Made (where a per-lot commission is charged), and demo accounts are available with an unlimited time period.
What deposit and withdrawal options and limits does Errante provide?
Errante supports deposits and withdrawals via bank cards, bank wire, Skrill, and Neteller, but does not support PayPal, Wise, or BTC payments. The review states there are no deposit or withdrawal fees, the minimum deposit is $50, and the minimum withdrawal is $20, although these thresholds may vary by account type and payment method.
What markets and instruments are available with Errante, and how do reviews describe its asset range?
Errante offers 120 tradable assets, including 50 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not provide options, bonds, or ETFs. The review notes that the overall asset selection is limited compared to the market average, although copy trading is available while PAMM and managed accounts are not.
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