Score

6.46 /10
Average

ERRANTE

Seychelles

5-10 years

Regulated in Cyprus

Market Making(MM)

MT4 Full License

High potential risk

Offshore Regulated

C
A

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Comparison

Quantity 9

Exposure

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Website

Score

Regulatory Index6.78

Business Index6.92

Risk Management Index0.00

Software Index9.99

License Index6.78

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

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Company Name

Errante Securities (Seychelles) Ltd

Company Abbreviation

ERRANTE

Platform registered country and region

Seychelles

Company website

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Company summary

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-17
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD038 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

ERRANTE · Benchmark
Average transaction speed(ms)
605.5
The highest transaction speed(ms)
203
The highest speed of opening positions(ms)
203
The highest speed of closing position(ms)
203 Good
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1999 Poor
Ranking: 107 / 128
Test user 110
Transactions 14,785
Ocuppied margin $129,792 USD
Data Source WikiFX Data provide
Updated: 2024-11-15 01:11:00
Pyramid scheme complaint
Expose
    ERRANTE · Company summary
    ERRANTE Basic Information
    Registered Country/Region Cyprus
    Regulations FSA, CYSEC
    Tradable Assets Forex, Shares, Indices, Metals, Energies, Cryptocurrencies
    Account Types Standard Account, Premium Account, Vip Account, Tailor Made Account
    Minimum Deposit 50USD, 50EUR
    Maximum Leverage 500:1
    Minimum spread 0.0
    Deposit & Withdrawal Credit/debit cards, Bank Wire Transfer, E-wallets,Cryptocurrency
    Trading Platforms MetaTrader 4, MetaTrader 5, cTrader
    Customer Support Phone, Email, Live chat
    Education Resources Educational Videos, Webinars, Market Analysis

    General Information

    ERRANTE is a reputable online trading provider that offers a wide range of financial instruments and services. Errante is owned and operated by Errante Securities (Seychelles) Ltd, incorporated in Seychelles with registration number 8425493-1.Errante Securities (Seychelles) Ltd (errante.com) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038. With its headquarters in Cyprus, ERRANTE caters to a diverse clientele and provides access to various markets, including forex, metals, shares, indices, energies, commodities, and cryptocurrencies.

    Traders can choose from different account types, each with different spreads and leverage options, accommodating different trading styles and preferences. The availability of popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader ensures a seamless and feature-rich trading experience.

    ERRANTE prioritizes customer satisfaction and offers convenient deposit and withdrawal options, along with excellent customer support services. Traders can also benefit from the educational resources provided by ERRANTE, including videos, webinars, and market analysis, to enhance their trading skills and knowledge.

    While ERRANTE has numerous strengths, traders should carefully consider their individual needs and preferences before choosing it as their trading provider.

    Is ERRANTE legit or a scam?

    Yes, Errante Securities (Seychelles) Ltd (the “Company”) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.

    regulation

    Errante brand other jurisdictions: Notely Trading Limited (www.errante.eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license no. 383/20.

    regulation

    Pros and Cons

    ERRANTE offers a range of advantages as an online trading provider. It is a regulated broker, ensuring a level of trust and accountability. They provide access to a diverse range of market instruments, including forex, metals, shares, indices, energies, commodities, and cryptocurrencies, allowing traders to diversify their portfolios. ERRANTE offers multiple account types with different spreads and leverage options, accommodating different trading preferences. They provide reliable and feature-rich trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. ERRANTE also offers convenient deposit and withdrawal options, along with excellent customer support and educational resources to assist traders. However, it's important for traders to consider individual needs and preferences before choosing ERRANTE as their trading provider.

    Pros Cons
    Regulated Broker Limited Regulatory Coverage
    Diverse Range of Services Potential Risk of Leverage
    Competitive Trading Conditions Commission Charges for Tailor Made Account
    Multiple Account Types Minimum Deposit Requirements
    Reliable Trading Platforms Lack of Specific Leverage Details for Tailor Made Account

    Markets Instruments

    ERRANTE offers a diverse range of market instruments to cater to various trading preferences:

    1. Forex:

      ERRANTE provides access to the forex market, allowing traders to participate in currency trading. Major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs, are available for trading. Traders can take advantage of the global foreign exchange market's liquidity and volatility to execute their trading strategies.

    2. Metals:

      ERRANTE offers trading opportunities in precious metals, enabling traders to speculate on the price movements of gold, silver, platinum, and palladium. These metals are widely considered safe-haven assets and are sought after by investors during times of economic uncertainty. Traders can take advantage of the potential diversification and hedging benefits that metals trading can offer.

    3. Shares:

      ERRANTE provides access to a wide range of shares from leading global companies. Traders can trade shares of popular companies such as Apple, Microsoft, Amazon, and Google, among others. Shares trading allows investors to take positions in individual companies and benefit from their performance in the stock market.

    4. Indices:

      ERRANTE offers trading on major stock indices, including the S&P 500, FTSE 100, Dow Jones, and NASDAQ, among others. Traders can speculate on the overall performance of a group of stocks representing a particular market or sector. Indices trading provides an opportunity to diversify a trading portfolio and take advantage of broader market trends.

    5. Energies & Commodities:

      ERRANTE enables trading in energy commodities such as crude oil, natural gas, and heating oil. Traders can also access other commodities like agricultural products, including corn, wheat, and soybeans. Energies and commodities trading allows traders to take positions based on supply and demand dynamics, geopolitical factors, and other market influences.

    6. Cryptocurrencies:

      ERRANTE recognizes the growing popularity of cryptocurrencies and offers trading opportunities in digital assets. Cryptocurrency trading offers unique opportunities due to the high volatility and global demand for these digital assets.

    By providing access to a diverse range of market instruments, ERRANTE caters to the trading preferences of various investors, allowing them to diversify their portfolios and take advantage of different market opportunities.

    market-instruments

    How to open an account?

    The account opening process for ERRANTE typically involves the following 3-5 steps:

    open-account
    1. Online Registration:

      Visit the ERRANTE website and locate the account registration page. Fill out the online registration form with your personal information, including your name,phone number, email address and country of residence. Create a secure password for your account.

    open-account

    2. Account Verification:

    After completing the registration form, you will need to verify your account. ERRANTE may require you to provide certain documents to verify your identity and address. This typically involves submitting a copy of your identification document (such as a passport or driver's license) and a recent utility bill or bank statement as proof of address. Ensure that you follow the instructions provided by ERRANTE to complete the verification process.

    3. Choose an Account Type:

    Once your account is verified, you can choose the account type that suits your trading needs. ERRANTE offers different account options, such as the Standard Account, Premium Account, VIP Account, and Tailor Made Account. Review the features, spreads, commissions, minimum deposit requirements, and leverage options associated with each account type. Select the account type that aligns with your trading preferences and goals.

    4. Fund Your Account:

    After selecting your preferred account type, you can proceed to fund your trading account. ERRANTE provides multiple payment methods, including bank wire transfer, credit/debit cards, and e-wallets. Choose your preferred payment option and follow the instructions to deposit funds into your account. Ensure that you meet the minimum deposit requirement for your chosen account type.

    5. Start Trading:

    Once your account is funded, you can access the trading platform provided by ERRANTE. Familiarize yourself with the platform's features and tools. Analyze the markets, place trades, and monitor your positions according to your trading strategy. ERRANTE may offer educational resources and customer support to assist you in navigating the trading platform effectively.

    Please note that the account opening process may have specific requirements and may vary based on ERRANTE's policies and regulatory guidelines. It is advisable to refer to the official ERRANTE website or contact their customer support for the most accurate and up-to-date information on the account opening process.

    Errante Minimum Deposit

    To meet the investment needs and trading experience of different investors, Errante offers four different types of accounts, namely Standard Accounts(minimum deposit of $50), Premium Accounts (minimum deposit of $1,000), VIP Accounts (minimum deposit of $5,000), and Tail Made Accounts (minimum deposit of $15,000),

    1. Standard Account: The Standard Account is suitable for traders looking for a straightforward trading experience. It features spreads starting from 1.5 pips with zero commissions. The minimum deposit requirement for this account is $50, and traders can enjoy a maximum leverage of 500:1.

    2. Premium Account: The Premium Account is designed for traders who require tighter spreads and enhanced trading conditions. It offers spreads starting from 1.0 pip with no commissions. The minimum deposit requirement for this account is $1000, and traders can access a maximum leverage of 500:1.

    3. VIP Account: The VIP Account is tailored for experienced traders seeking even lower spreads and premium trading conditions. It features spreads starting from 0.8 pips with zero commissions. The minimum deposit requirement for this account is $3000, and traders can enjoy a maximum leverage of 500:1.

    4. Tailor Made Account: The Tailor Made Account is a customizable account type that allows traders to personalize their trading experience. Spreads for this account start from 0.0 pips, but commissions may apply. The minimum deposit requirement for this account is $15000, and the maximum leverage offered may vary based on individual requirements.

    account-types

    Errante Leverage

    The maximum trading leverage is 1:500 for major currency pairs, 1:200 for minor currency pairs, 1:100 for precious metals (gold, silver), 1:20 for stocks, up to 1:100 for indices products, 1:100 for crude oil, 1:20 for natural gas, and 1:10 for cryptocurrencies.

    Spreads & Commissions

    The average spread is 1.5 pips for Standard accounts, 1.0 pips for Premium accounts, 0.2 pips for VIP accounts, and 0.0 pips for Tail Made accounts. No commission is charged for forex trading on any of the four accounts.

    Errante Trading Platform

    ERRANTE offers a range of robust and user-friendly trading platforms to cater to the diverse needs of traders. Among the platforms available, cTrader MetaTrader 5 (MT5), and MetaTrader 4 (MT4) are the prominent choices.

    MetaTrader 4 (MT4) is a widely recognized platform known for its extensive features and flexibility. It offers advanced charting tools, multiple timeframes, technical indicators, and customizable trading strategies. Traders can execute trades, set up automated trading systems, and access a wide range of financial instruments.

    MetaTrader 5 (MT5) is an upgraded version of MT4 with additional features and improved performance. It offers enhanced trading capabilities, more technical indicators, and access to a broader range of markets, including stocks and futures. MT5 provides a powerful and intuitive trading experience for both beginner and advanced traders.

    cTrader is a cutting-edge platform known for its lightning-fast execution and advanced trading tools. It offers a user-friendly interface, depth of market (DOM) functionality, and a wide range of order types. cTrader is particularly popular among professional traders and offers direct market access (DMA) for enhanced liquidity and transparency.

    Traders can choose the platform that aligns with their trading preferences and enjoy a seamless trading experience with ERRANTE's comprehensive and feature-rich trading platforms.

    Trading Tools

    Traders are provided with some standalone trading tools to enhance their trading experience. These include Errante Margin Calculators and Economic Calendars that show scheduled market events and their expected impacts on the financial markets.

    Deposit & Withdrawal

    Errante accepts traders to fund their accounts through wire transfer (EUR & USD available, a minimum deposit of $50/€50, minimum withdrawal of €100/$100, no commission), VISA, MasterCard debit/credit card (EUR & USD available, a minimum deposit of USD/€50, minimum withdrawal of USD/€20, no commission), NETELLER (a minimum deposit of USD/€50, minimum withdrawal of $20/€20, no commission), STICPAY, Skrill, Perfect Money, CASHU (minimum deposit $50/€, minimum withdrawal $20/€, withdrawal 1% commission), cryptocurrency payments such as Bitcoin, Litecoin, Ether, etc. ( a minimum Deposit 50 EUR/USD, minimum withdrawal 20 EUR/USD, no commission for withdrawal).

    ERRANTE provides excellent customer support to assist traders in every possible way. Their dedicated staff is available 24/5 to address any queries or concerns that traders may have. Traders can reach out to ERRANTE's customer support team through various channels, including phone and email. They can also engage in live chat support on social media platforms like Facebook, where prompt responses and assistance are provided. The knowledgeable and responsive customer support team at ERRANTE ensures that traders receive timely and effective support, whether they need help with account-related inquiries, technical issues, or general trading assistance. ERRANTE is committed to delivering a high level of customer service to enhance the trading experience and ensure trader satisfaction.

    Educational Resources

    ERRANTE offers a range of educational resources to empower traders with knowledge and insights for successful trading. Traders can access educational videos covering various topics, including trading strategies, technical analysis, and risk management. These videos provide valuable information and guidance to enhance trading skills. Additionally, ERRANTE conducts webinars hosted by experienced traders and market experts, where participants can learn from their expertise and gain valuable insights into market trends and trading techniques. Traders can also benefit from regular market analysis provided by ERRANTE, including fundamental analysis, technical analysis, and market commentary. These resources help traders stay informed about the latest market developments and make well-informed trading decisions. With its comprehensive educational resources, ERRANTE aims to support traders in their journey towards becoming successful and knowledgeable traders. Additionally, they have an extensive FAQ section on their website that covers a wide range of topics related to trading and account management

    Conclusion

    In summary, ERRANTE is a trusted online trading provider, regulated by the Seychelles Financial Services Authority (FSA) with license number SD038. Founded in Cyprus, ERRANTE caters to a diverse clientele. They offer a comprehensive range of services, including forex, metals, shares, indices, energies, commodities, and cryptocurrencies. Traders can choose from multiple account types, each with its own leverage options. The Standard, Premium, and VIP accounts provide a maximum leverage of 500:1. Additionally, ERRANTE offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, providing advanced tools and features to enhance the trading experience. With its regulated status, diverse services, flexible account options, competitive trading conditions, and reliable platforms, ERRANTE aims to meet the needs of traders and provide them with a seamless and rewarding trading journey.

    Accepted Regions

    Errante offers services to residents of the European Economic Area. Errante does not offer its services and products to residents of certain jurisdictions, such as USA, Syria, China, Japan, North Korea, Iran, Belgium, and Canada.

    FAQs

    Q: Is ERRANTE a regulated broker?

    A: Yes, ERRANTE is a regulated broker.

    Q: What trading instruments are available at ERRANTE?

    A: ERRANTE offers a wide range of trading instruments, including Forex, Shares, Indices, Metals, Energies, Cryptocurrencies

    Q: What payment methods does ERRANTE accept?

    A: ERRANTE accepts a wide range of payment methods, including Credit/debit cards, bank wire transfer, E-wallets, cryptocurrency.

    Q: What trading platforms does ERRANTE offer?

    A: ERRANTE offers several trading platforms, including cTrader, MetaTrader 4 and MetaTrader 5. Clients can choose the platform that best suits their trading needs and preferences.

    Q: What is the maximum leverage offered by ERRANTE?

    A: The maximum leverage offered by ERRANTE is 1:500.

    News

    NewsErrante Integrates with TradingView, Elevating FX and CFD Trading Tools

    Errante now offers TradingView integration, enhancing FX/CFD trading with powerful charting, real-time alerts, and extensive user resources for global traders.

    WikiFX
    2024-10-28 13:53
    Errante Integrates with TradingView, Elevating FX and CFD Trading Tools

    NewsErrante Review 2021

    Errante is a Cyprus based Broker enabling investors to unlock access to the various stock markets such as The UK’s FTSE, Germany’s Dax, France’s CAC, Switzeland’s Swiss Market Index and Spain’s Bolsa de Madrid.

    WikiFX
    2021-12-16 18:08
    Errante Review 2021

    User Reviews

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    Wingwing Ng
    more than one year
    ERRANTE's minimum deposit is on par with other platforms in the industry. Their deposit and withdrawal process is straightforward and reliable, but there's not much that sets it apart from other brokers.
    ERRANTE's minimum deposit is on par with other platforms in the industry. Their deposit and withdrawal process is straightforward and reliable, but there's not much that sets it apart from other brokers.
    Translate to English
    2024-07-23 18:32
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    Larance Chris
    more than one year
    Fx, commodities and indices have been good here. The spreads are okay and trading conditions seem generally fine. ERRANTE is cool and I still trade fx and indices here. Free VPS also accelerated trade executions and, I had access to it when I opened a pro account. The normal trade executions are also very cool too.
    Fx, commodities and indices have been good here. The spreads are okay and trading conditions seem generally fine. ERRANTE is cool and I still trade fx and indices here. Free VPS also accelerated trade executions and, I had access to it when I opened a pro account. The normal trade executions are also very cool too.
    Translate to English
    2024-05-08 17:54
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