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.
Errante is an international broker that was registered in 2019. Since March 2020 it has been regulated by the Cyprus Securities and Exchange Commission (CySEC). The company also has a subsidiary in Seychelles, which operates under a license from the Seychelles Financial Services Authority (FSA). Errante is a partner of leading banks and a member of reliable compensation and insurance funds. In 2021, Errante received an award at the Ultimate Fintech Awards, and in 2022, it was recognized as the Best ECN/STP Broker.
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
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20%
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3-star
40%
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1-star
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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, OANDA and FOREX.com, 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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Errante with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Errante’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Errante Standard spreads Errante OANDA FOREX.com EUR/USD min, pips 0.6 0.1 0.7 EUR/USD max, pips 1.8 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.8 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Errante RAW/ECN spreads Errante OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Errante. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Errante Non-Trading Fees Errante OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
Errante Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 Errante Security Factors Foundation date 2019 Negative balance protection YesVerification (KYC) Yes -
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.
- Low minimum deposit
- Swap Free (Islamic) account
- Tight spread ECN account
- No Cent account
- Micro lots are not available
Errante account types vs top competitors Errante Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoErrante accounts trading conditions
Errante offers various types of accounts for real trading. Each client can open 2 trading accounts: one in USD, and the other in EUR. Muslim traders can request an Islamic account (swap free), on which no commission will be charged for carrying an open position overnight. Errante’s accounts differ in minimum deposit amounts and trading commissions.
Account types:
Account Type Description Standard is an account with spreads starting at 1.8 pips. The minimum deposit is €50. There is no commission per lot. Premium is an account without additional trading commissions that requires a deposit of at least €100. The minimum spread value is 1 pips. VIP is an account that requires the first deposit to be €5,000. The minimum spread value is 0.8 pips. Other transaction fees are not charged. Tailor Made is an ECN account with spreads starting at 0 pips. A commission per lot is charged. The minimum deposit is €15,000. In addition to real accounts, the broker also offers demo accounts with an unlimited time period.
Errante allows each trader to choose an account with acceptable commissions and minimum deposit size. You can also test the broker’s trading conditions on demo accounts.
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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.
Errante provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- No deposit fee
- Bank wire transfers available
- No withdrawal fee
- PayPal not supported
- Only major base currencies available
- Wise not supported
What are Errante deposit and withdrawal options?
Errante provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
Errante Deposit and Withdrawal Methods vs Competitors Errante Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Errante base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Errante supports the following base account currencies: USD, EUR.
What are Errante's minimum deposit and withdrawal amounts?
The minimum deposit on Errante is $50, while the minimum withdrawal amount is $20. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Errante’s support team.
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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.
- Crypto trading
- Copy trading platform
- Indices trading
- No ETFs
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Errante with its competitors, making it easier for you to find the perfect fit.
Errante Trading.com Plus500 Currency pairs 50 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 120 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Errante offers for beginner traders and investors who prefer not to engage in active trading.
Errante Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
Errante account opening Errante Trading.com Plus500 Online Registration YesYesYesMinimum deposit $50 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is Errante available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To create a user account on the Errante website, you need an account:
To open the registration form, click on Register or Join Now.
Fill in the information requested by the broker in the form, including your last name, first name, phone number, and email. Indicate your country of residence and create a password to access your user account. After that, check your email: Errante will send you a PIN code for the first authorization of your account. Enter it in the registration form and then log in to your user account using your email address and password.
The first steps after registering with Errante’s user account include:
- Providing screenshots of documents to confirm identity and place of residence.
- Opening a trading account.
Your Errante user account also provides access to:
- Downloading the trading platform.
- Opening demo accounts.
- Making a deposit and transferring funds between accounts.
- Submitting a request to withdraw profits.
- Enabling two-factor authentication.
- Creating a support ticket.
- Viewing the Economic calendar and educational videos, using Errante calculators.
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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 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationClient support is available 24/5.
- You can quickly contact a representative of the company in chat and by phone
- Both broker's clients and guests can request support
- On Saturdays and Sundays, support is not available.
- You can't order a callback.
Support can be contacted in several ways:
- Call the numbers listed in the contact section;
- Send an email to the company;
- Write to the LiveChat;
- Fill out a contact form via email.
Clients can create a ticket with a description of the problem in their user accounts.
Contacts Foundation date 2019 Registration address 67 Spyrou Kyprianou, 4042 Limassol, Cyprus Regulation CySEC, FSA Licence number:
383/20, SD038Official site https://errante.eu/ Contacts support@errante.eu +357 25 253300
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FAQs
How is Errante regulated and what safety measures does it offer?
Errante is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus as a Tier-1 regulator with an investor protection fund of up to €20,000, and by the Financial Services Authority of Seychelles (FSA) as a Tier-3 regulator without a specific compensation fund. The broker has a safety score of 8.7/10, offers negative balance protection, and requires KYC verification, but its operating history is relatively short, with a foundation date of 2019.
What account types and trading conditions are available with Errante?
Errante offers Standard, Premium, VIP, and Tailor Made (ECN) accounts, as well as demo and swap-free (Islamic) options, but does not provide Cent or Micro accounts. The accounts differ by minimum deposit and spreads: Standard from €50 with spreads from 1.8 pips and no commission, Premium from €100 with spreads from 1 pip, VIP from €5,000 with spreads from 0.8 pips, and Tailor Made from €15,000 with spreads from 0 pips plus a per-lot commission.
What do user reviews and feedback indicate about overall satisfaction with Errante?
Errante has a user satisfaction score of 4.8/10 based on 5 reviews, with 40% of ratings at 1 star, 40% at 3 stars, and 20% at 4 stars, and no 5-star reviews. According to user reviews, overall sentiment is mostly negative, suggesting that many reviewers report concerns or mixed experiences.
What do reviews say about Errante’s deposit and withdrawal options and conditions?
Errante has a medium safety score of 6/10 for its deposit and withdrawal processes and offers bank cards, bank wire, Skrill, and Neteller, with no withdrawal fees and relatively low minimum deposit ($50) and withdrawal ($20) amounts. Based on available user reviews, the broker supports only USD and EUR as base currencies and does not accept USDT or PayPal, which may be viewed as limitations by some traders.
Which markets and tradable assets can clients access with Errante, according to reviews and feedback?
Errante provides access to 120 tradable assets, including 50 forex pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but does not offer options, bonds, or ETFs. According to user comments and platform information, it also supports copy trading but does not provide PAMM or managed account investing.
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