Errante Review 2025

Trust

Errante Regulations

In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what I discovered about the two entities operating under the Errante trade name:

• Novelty Trading Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus under license number 383/20. We rate CySEC as a Tier-1 regulator.
• Errante Securities (Seychelles) Ltd is licensed and regulated by the Financial Services Authority (FSA) in Seychelles under license number SD038. We rate the FSA as a Tier-3 regulator.

Understanding the Regulatory Protections of Your Account

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

Here is what you need to be looking for in a broker in terms of safety mechanisms:

• Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. All Errante entities ensure segregated client funds.
• Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. Both Errante entities ensure negative balance protection.
• Compensation scheme. A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent. Both entities have compensation schemes in place.
• Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum leverage with Errante is 1:500.

Stability and Transparency

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and the transparency of information provided.

I went over Errante’s Legal Documents and everything seemed in order. The information there is easily accessible and written in an easy-to-understand way. My only minor gripe is that the website has no live spread feed.

I also appreciated the fact that Errante has a ‘best execution policy,’ which means that the broker is required to deliver the best possible price feeds under the prevailing market conditions.

Is Errante Safe to Trade With?

My research of Errante’s licenses, safety policies, and legal documents indicates that the broker is fairly transparent and safe to trade with. Its high level of trustworthiness and stability can be attributed to the following factors:

• Authorized by at least one Tier-1 regulator
• Ensures all essential safety requirements
• Has issued a ‘private indemnity insurance’
• Operates on a ‘best execution policy’

Fees

Errante Trading Fees

Errante Spreads

I tested Errante’s spreads on 12 March 2024 during the London and the New York open. The results are shown in the table below:

Broken down by asset class and compared to the industry average, Errante charges low spreads on share CFDs and some indices, low-to-average spreads on commodities, and average-to-high spreads on FX pairs.

Errante Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full base currency contract (100,000 units).

My tests indicate that Errante charges average-to-high swaps. This means that the broker’s pricing mechanism is better suited for day trading.

Errante’s Non-Trading Fees

Errante charges a one-off maintenance fee of $15 after five months (150 days) of inactivity. After that, the dormant account is liable for a $5 inactivity fee charged monthly. The fee is incurred until activity resumes or the account balance drops to zero.

The broker does not charge an internal handling fee for deposits, and it may even cover any banking fees incurred by the trader. However, Errante charges a handling fee for withdrawals, subject to the chosen payment method.

Accounts Comparison

I have compiled the table below to help you better understand the difference between the trading fees of Errante’s three account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.

The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10 for each account.

To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

According to my findings, Errante’s Premium account offers slightly better conditions than the typical STP account. In contrast, the VIP accounts’ trading fees meet the industry average ECN account and its fees.

Are Errante’s Fees Competitive?

The combination of zero commissions and floating spreads on Errante’s Standard account type generally exceeds the industry average. However, there are some notable exceptions. Errante offers quite affordable conditions for trading commodities, share CFDs, and some indices.

Moreover, traders can take advantage of even more competitive prices on Errante’s Premium and VIP account types.

Platforms and Tools

In this review, I tested the versatile and user-friendly cTrader platform, equipped with an extensive array of tools and configurations and an impressive array of over 20 timeframes.

Yet another great thing about cTrader is that it has many built-in videos explaining what its multiple technical indicators do and how they can be used in real-world trading. This feature is great for beginners who still haven’t fully developed their trading systems.

Errante’s cTrader platform excels in copy trading and automated trading. However, the broker records relatively slow execution speeds, approximately 310 milliseconds, making it less ideal for high-frequency trading due to an increased risk of negative slippage. Errante’s VPS hosting offers a potential compensation for this drawback.

Errante’s Desktop cTrader

General Ease of Use

cTrader has a very familiar layout, with its charts positioned in the middle, order execution on the right-hand side, and account info at the bottom. On the left-hand side of the main panel, you can switch between the platform’s several settings (retail trading, automated trading, and copy trading).

In the retail trading regime, you can use cTrader’s multiple integrated research tools, such as an economic calendar and news screener.

Finally, the platform affords ample information about order execution. You can read about margin requirements, current spread rate, and much more before proceeding to open a position.

Charts

I consider the charts screen a platform’s most important feature. It facilitates technical analysis by providing an overview of price action behavior. In my experience, a chart’s most important attribute is its fluidity – how easy it is to scale price action up and down.

I have broken down the available analytical tools and chart configurations on cTrader below:

• 67 technical indicators. The platform supports trend-based, volume-based indicators, oscillators, and more. These can be applied to study price action behavior and determine the underlying market sentiment. In general, technical indicators are used to gauge where the market is likely to head next. cTrader is a fluid platform, and adding more indicators does not decrease the chart’s clarity.
• 23 drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns. Additionally, they can be applied to determine key support and resistance levels and potential breakout or breakdown levels.
• 26 timeframes. cTrader stands out with its impressive assortment of timeframes, which allows multi-timeframe analysis of price action behavior. The greater the number of timeframes, the more intricate examinations that can be carried out across the short-term and long-term.
• 6 chart types. Price action can be represented as a line, bars, or candlesticks. This diversity makes it possible to examine potential trading opportunities from different angles.

Orders

I have broken down the available order types on the cTrader platform below:

• Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets filled.
• Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
• Stop orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

cTrader: My Key Takeaways

cTrader is probably one of the most well-rounded platforms out there. It combines copy trading, algo trading, and retail trading seamlessly and supports sophisticated technical analyses while offering plenty of supporting tools and content for newbies.

I also quite liked the fluidity of cTrader’s charts. Price action is represented clearly, and it is not easily obscured when extra technical indicators and drawing tools are added to it. This makes for an easy and effective price action examination.

Errante’s TradingView Terminal

Errante clients can also utilize the seamless TradingView station. All they have to do is sign up with TradingView and then connect their Errante live accounts with the platform.

TradingView has the most advanced charting capabilities in the industry, with its easily scalable charts affording traders an in-depth overview of price action. The platform features more than 200 analytical tools (technical indicators and drawing tools) and chart configurations (timeframes and chart types). In my estimation, TradingView is the best fit for chart artists and technical traders, providing them with a competitive edge for technical analysis.

The trading station also supports social and copy trading. The TradingView hub connects over 60 million traders from all over the world and allows them to share experiences, strategies, and trading signals.

Errante cTrader App

The cTrader mobile app affords quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades.

The market is volatile and ever-changing, and staying on top of the latest developments is made easy with Errante’s mobile app. It can also be used to place market, limit, and stop orders, as well as to adjust the exposure of open trades.

cTrader App: My Key Takeaways

The cTrader app has a pleasant design and can be used to make quick adjustments to any open trades. This is crucially important for regulating a trader’s market exposure at all times, especially during heightened market volatility.

Errante Trading App

Errante has also developed a proprietary app that affords traders quick and easy access to the client portal. Traders can use it to open accounts, upload documents, and manage their accounts on the go.

Tradable Instruments

*Please take note that this list is comprised of instruments available on the cTrader platform

Compared to the industry average, Errante offers a low amount of share CFDs and an average amount of FX pairs, commodities, and indices.

What Are CFDs?

Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery.

For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

What Can You Trade With Errante?

My Key Takeaways After Exploring Errante’s Instruments Offering

Errante offers a decent amount of instruments, though there is room for improvement. While day traders have sufficient options for speculative trading, I find Errante’s overall offering to be insufficient for balanced trading.

The lack of lower-risk securities like ETFs, bonds, warrants, and other such assets makes it difficult for risk-averse traders to hedge their market exposure.

Customer Support

Customer Support Test

When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

I conducted my test on 13 March at around 11:50 a.m. CET via live chat. An agent connected almost instantaneously to the conversation.

I asked a series of questions with varying degrees of difficulty. The agent’s responses were brisk but generally sufficient. They, however, did not delve too deep. For instance, they did not elaborate on my question about their execution model.

I also was not provided an answer regarding their average execution speed, which I later recorded at around 300 milliseconds.

My overall impression of Errante’s support is that it is good for general queries and quick questions.

Deposit and Withdrawal

Errante Deposit Methods

Errante Withdrawal Methods

Account Types and Terms

Errante Account Opening Process

To create an account with Errante, follow these simple steps:

• Step 1. Click ‘Register’ at the top-right corner of the main page.
• Step 2. Fill in your personal details, including your name and email address.
• Step 3. Enter a confirmation pin sent to your email address.
• Step 4. Log in to the Client Portal and fill in additional personal details.
• Step 5. Choose an account type.
• Step 6. Upload proof of your ID and address to verify your account.

Errante’s Account Types

Errante’s accounts are affordable and diverse. Naturally, the more funds you are able to set aside, the more preferential conditions you will get. I determined that the most favorable pricing mechanism is available on the Tailor Made account type.

What is interesting and worth keeping in mind is the combination of margin calls at 100% and stop-out levels at 20%. In a nutshell, this combination means that poorly managed losing positions could cost as much as 80% of a trader’s account balance before an automatic cancellation of these positions is initiated.

While there is nothing inherently wrong with such a combination, rookie traders should be warned that they face the risk of losing a significant chunk of their account balance unless they implement tight risk management.

Demo Account

Errante offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

Islamic Account

The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact Errante’s customer support and request the service from there.

What is CFD Leverage?

The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

Maximum Leverage by Asset Class

In the table below, I have listed the maximum retail leverage available with Errante for instruments from different asset classes:

Errante Restricted Countries

Errante does not accept clients from the following countries: Albania, Belgium, Canada, Iraq, North Korea, Panama, Syria, USA, Yemen, and Zimbabwe.

Research

News Screener

Integrated into the cTrader platform, the news screener provides frequent updates on current market developments. These updates inform traders about viable intraday trading opportunities expected to emerge. This may include major economic, financial, and political developments. I appreciate that charts with technical breakdowns support the content.

Market Analysis

Available from the website, the market analyses represent brief breakdowns of market developments that are unsupported by charts. Content from this category can be further broken down into two sub-categories: one informs traders of the week’s most significant events, and the other discusses the impact of recent releases.

Overall, this type of content provides the reader with a good level of understanding of what drives markets, but it does not delve deeper than that.

Economic Calendars

The economic calendar is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.

My Key Takeaways After Exploring Errante’s Research Content

Errante provides some essential research content, though I found there is room for improvement. The broker’s clients would benefit from having access to content from various providers. However, I felt a lack of nuance and the absence of some third-party tools that could diversify perspectives.

Education

Errante features 72 platform videos on how to use MT4 and MT5 directly from the website. There are an additional 16 videos introducing beginners to the basics of trading, plus several videos for more experienced traders that can be accessed with a deposit of at least $300.

The broker excels in the quantity and quality of webinars it offers to its clients. I appreciate that they are available in multiple languages. An extensive collection of past webinars is also accessible on the broker’s YouTube channel.

The webinars cover a wide variety of topics, some of which are pretty complex and practical. I deemed the content sufficiently sophisticated to help novice traders get to the next level.

The Bottom Line

Founded in 2019, Errante is a derivatives broker that is headquartered in the Seychelles. It provides its clients access to around 120 tradable instruments from several asset classes via the MetaTrader 4&5, cTrader, and TradingView platforms.

The speed of Errante’s order execution is rather slow. However, the broker offers a good choice of services and tools to accommodate the needs of day traders, such as its VPS hosting for low-latency trading. The spreads on its Standard account are rather elevated, thought the competitiveness of Errante’s fees gets better on its other account types.

Errante has also developed a sufficient range of educational materials and research tools. However, there is room for improvement.

My overall impression of Errante is mostly positive. The broker offers a decent range of services and is best suited for medium-term day trading.

FAQ