Errante Review 2021

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

Errante Video Review

Investor Protection & Regulations

“Errante is a brand name of Errante Securities (Seychelles) Ltd and is authorised and regulated by Financial Services Authority of Seychelles (FSA). The broker also has an entity of Errante authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).”

Errante is a brand name of Errante Securities (Seychelles) Ltd, which manages www.errante.com, and is authorised and regulated by the Financial Services Authority of Seychelles (FSA), as shown below on the regulator’s register:

The broker also operates www.errante.eu which is a brand name of Notely Trading Ltd and is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this entity is not the subject of this review.

All client funds are held in segregated accounts with international credit rated banks and offer negative balance protection.

Tradable Products

“Errante offers clients access to trade on more than 100+ financial instruments covering Forex, CFDs for Stocks, Shares, Indices, Energies, Metals and Cryptos.”

Errante offers clients access to trade on more than 100+ financial instruments covering Forex, CFDs for Stocks, Shares, Indices, Energies, Metals and Cryptos. Below is a small selection of the markets available to trade:

* Details regarding the available assets are taken from the Errante website and trading platform and are correct at the time of this review. A full list of markets available to trade on can be found here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Errante offers 4 account types – Standard, Premium, VIP, and Tailor Made, as well as a demo account.”

Errante offers 4 account types – Standard, Premium, VIP, and Tailor Made, as well as a demo account. Each account comes with its own features and benefits as summarised in the below table:

An Islamic account – where no overnight swaps are charged can also be opened for religious purposes only. However, fees may be applied to accounts with traded positions which are open for a specific number of days. To apply for swap-free account users can simply log in to their client portal and request this.

Opening an account is simple. Users can click register from the website’s home page to sign up using their name, email, and contact number. Following this, users will be prompted to fill in a registration form and verify their identity and address with relevant documents which includes bank statements or utility bills not older than three months, and identification documents such as passport or driving licence. Once verified, the account can then be funded.

Below is a screen showing the client portal area where users can open and manage live and demo trading accounts, access platform downloads, an economic calendar, trading calculator, educational videos and more:

Clients from the USA or Canada are not accepted.

Deposit & Withdrawals options

“Errante offers multiple payment options including debit card, credit card, e-payments such as Skrill, Neteller, Trustly and with Cryptocurrencies.”

Users are given a large selection of payment options including by debit card, credit card, wire transfer and e-payments such as Skrill, Neteller, Trustly and more. Users can also fund their account with Cryptocurrencies such as BTC, ETH, XRP, and USDT. There are no fees to deposit funds.

To make a deposit, users simply have to log into the client portal and click on the ‘Funds’ followed by ‘Deposit Funds’.

Clients can follow a similar process to withdraw funds – from the client portal. Withdrawal fees do apply. However, this is dependent on the method chosen and the amount being withdrawn. Below is a summary of minimum withdrawal amounts and associated fees:

All withdrawals are processed during working hours Monday to Friday, 9:00 – 18:00 GMT+2. Clients wishing to withdraw amounts below the stated above will be required to cover all charges associated with the withdrawal request.

Deposits via bank transfer are processed between 2 – 5 working days, debit/credit cards and e-wallets are processed within 2 minutes and cryptocurrency deposits are processed within 10 minutes. Bank wire withdrawals are processed between 2 – 5 working days with the rest of the methods processed within 1 day.

Web & Desktop Trading Platforms

“Errante offers users access to globally recognised desktop platforms MetaTrader 4 and MetaTrader 5.”

Errante offers users access to globally recognised desktop platforms MetaTrader 4 and MetaTrader 5.

Errante MetaTrader 4

• 30 Built-in indicators
• 9-time frames
• 2,000+ free custom indicators
• Available on Multiple devices PC, Mac, iOS, Android

Errante MetaTrader 5

• Over 38 technical Indicators
• Fully customisable to fit every trader’s style
• 21 timeframes
• 44 analytical Objects
• Available on Multiple devices PC, Mac, iOS, Android

A screenshot of the Errante MetaTrader 4 platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“Errante offers users access to the markets on the go the MetaTrader 4 mobile trading app for Android and iOS systems.”

Errante offers users access to markets on the go from the MetaTrader 4 and MetaTrader 5 mobile apps which can be downloaded from both Apple and Android app stores.

The Metatrader 4 and MetaTrader 5 mobile trading apps provide users with a range of features including:

• Real-time quotes for Errante financial instruments
• Multiple order types
• Complete trading history
• Chart analysis with indicators

The mobile trading app provided by Errante is covered in more detail in the video review.

Trading Features

“Errante does not offer any additional trading features other than what is already available with the MetaTrader 4 and MetaTrader 5 platforms. Clients can, however, access the MetaTrader market place from the desktop platform.”

Errante does not offer any additional trading features other than what is already available with the MetaTrader 4 and MetaTrader 5 platforms. Clients can, however, access the MetaTrader market place from the desktop platform. This provides users with the ability to download technical indicators, find automated trading strategies to use and copy trading services.

Commissions & Spreads

“Trading on Errante is commission-free However, swaps and spreads may vary depending on the account type opened and the financial instrument being traded. There are also no inactivity or dormant account fees.”

Errante does not charge any commissions, instead, they are compensated through the BID-ASK spread on each financial instrument. Similarly, the spreads charged are dependent on the account type opened.

For example, VIP account members will be charged lower fees due to having an average spread of 0.2 when compared to a standard account where spreads on average are 1.5.

Overnight funding or ‘swap’ fees are charged on positions which remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays. The swap rates for each instrument are available on the trading platform.

There are no inactivity or dormant account fees.

Bonus & Promotions

“Errante Securities (Seychelles) Ltd does offer bonuses for new clients as they are regulated offshore and outside of the EU.”

Errante does offer bonuses for new clients. At the time of writing, the current bonus available is:

• 30% Deposit Bonus up to $2,000. Below is a table showing the different eligible bonuses:

Customer Support

“Errante offers customer support 24/5 via email, telephone and live chat. They also have a detailed FAQ section.”

Errante offers customer support 24/5 via email, telephone and live chat. They also have a detailed FAQ section and a contact form on their website.

We were connected to an agent very quickly who answered our question promptly, as shown below:

Contact Information:

• Business Address: Suite 205, 2nd Floor, Waterside Property, Eden Island, Mahe, Seychelles.
• Phone: +44 203 519 4635
• Email:
  • info@errante.com
  • support@errante.com
• Social:
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram

Research

“Errante offers clients access to webinars, daily market commentary and trading tools such as margin calculators and economic calendars.”

Errante offers clients access to webinars, daily market commentary and trading tools such as margin calculators and economic calendars. Users can register for upcoming webinars through the Errante website where they can also access market analysis, the economic calendar and calculators.

Trader Education

“Errante provides a collection of beginner to advanced trading videos as well as MetaTrader 4 and MetaTrader 5 platforms videos, though users will need to register to access the majority of videos.”

Errante provides a collection of beginners to advanced trading videos* as well as MetaTrader 4 and MetaTrader 5 platforms videos, though users will need to register to access the majority of videos. Users can access these videos through the Education Centre on the Errante home page. The videos are designed for beginner and advanced traders and cover a wide variety of different topics such as technical analysis, fundamental analysis and more. These are easy to watch and high quality.

*Advanced videos are only available to those who have funded their account with a minimum of €300.

Trading Experience

“A good selection of primary markets for clients to access – over 100+, all of which can be accessed through the globally popular MetaTrader 4 and MetaTrader 5 platforms. There are also bonuses and promotions on offer for new clients to take advantage of.”

Overall, Errante offers clients access to over 100+ markets across a choice of account types to fit both new and advanced traders. There are multiple payment options available to clients to deposit and withdraw funds – the majority of which carry no additional charges.

Furthermore, there are also incentives for clients to join through bonuses and promotions, at the time of writing new clients can benefit from a 30% Deposit Bonus up to $2000.

FAQ

Is Errante regulated?

Yes, Errante is a Seychelles (FSA) regulated broker.

Where is Errante based?

Suite 205, 2nd Floor, Waterside Property, Eden Island, Mahe, Seychelles.

How does Errante make money?

Errante makes money mainly through spreads and swaps on certain asset classes and accounts.

How do I deposit in Errante account?

Funds can be deposited into a trading account via credit/debit cards, wire payment, and e-payment although this depends on the region your account was opened with.

What is the min. deposit for Errante?

The minimum deposit is $50 to open a Standard Account.

How do I withdraw money from Errante?

Withdrawals can be made from Errante via credit/debit cards, bank transfer, e-payments and cryptocurrencies.

What is the max leverage in Errante?

The maximum leverage offered by Errante is 500:1.

How do I open an account with Errante?

An account can be opened by first registering through the main page and then filling in the application form from the client portal.

Does Errante use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“Errante is an FSA (Seychelles) regulated broker offering clients access to more than 100+ financial instruments across Forex, CFDs for Stocks, Shares, Indices, Energies, Metals and Cryptos all through the globally renowned MetaTrader 4 and MetaTrader 5 trading platforms.”

Errante was founded in 2019 and is the brand name of Errante Securities (Seychelles) which manages the domain name www.errante.com and authorised and regulated by the Financial Services Authority (FSA) of Seychelles and has won the Best Forex Newcomer 2020 award from Forex Awards as seen here.

The broker also operates www.errante.eu which is a brand name of Notely Trading Ltd and is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this entity is not the subject of this review.

The broker offers clients access to more than 100+ financial instruments across Forex, CFDs for Stocks, Shares, Indices, Energies, Metals and Cryptos (24/7 trading) all through the globally renowned MetaTrader 4 and MetaTrader 5 trading platforms.

Users can choose from 4 different account types – Standard, Premium, VIP, and Tailor Made. Each account comes with its own minimum funding requirements, trading costs and access to additional features such as personalised customer support, enhanced education material, virtual private servers (VPS), and better deposit and withdrawal fees.

Errante also offers users access to educational material covering beginner and advanced videos. However, clients must have a funded account of at least €300 to access the latter. In addition, users can register for insightful trading webinars, access economic calendars and market analysis on the latest news and trends.

Errante won the Best Forex Newcomer 2020 award by Forex Awards, as shown below:

• Commission-free trading available on 500:1 leverage.
• 100+ CFDs to trade on covering Forex, Stocks, Indices, Commodities and 24/7 Crypto trading.
• Large number of payment options including cryptocurrencies.
• Can trade on MetaTrader 4 and MetaTrader 5.