|Year of creation
|Minimum trade size
My opinion on Errante in a nutshell
Errante is a regulated broker that offers trading in Forex and CFDs on shares, indices, commodities and crypto through MT4 and MT5 platforms. It is a perfect broker for beginners, opening an account is done in a few minutes and the deposit of funds can be done by card. The minimum deposit is only $50.
Presentation of the broker Errante
Errante is a relatively new broker that was founded in 2018. It has its European headquarters in Limassol, Cyprus. Errante is regulated by CySEC (Cyprus) for European customers and by the FSA (Seychelles) for others.
The broker offers two of the most complete trading platforms, MT5 and MT4. At Errante you can trade Forex of course, but also CFDs on stocks, commodities, indices and crypto.
With Errante you can intervene on the main financial markets.
Errante offers forex trading in over 50 currency pairs. You can trade the main currencies (Euro, Dollar, Yen, Swiss Franc...) but also the Turkish Lira, the South African Rand, the Ruble or the Mexican Peso. The Forex is open 24/24 from Monday to Friday. The leverage offered is 1:30 for major pairs and 1:20 for others, which is more than enough to take full advantage of price movements.
On the equities side, Errante offers around sixty CFDs, mainly on American stocks (Apple, Google, Meta, Tesla...) but also German or French stocks (Total, BMW...). You can trade these CFDs with a leverage of 5 during stock market opening hours. Errante also offers a dozen CFDs on stock market indices such as the Nasdaq, Dow Jones, S&P500, DAX, CAC40, FTSE. On the indices you can trade with a leverage of 20.
Errante offers a little over a dozen cryptocurrencies. There is, of course, Bitcoin and Ethereum but also Lite Coin, Bitcoin Cash, Ripple... You can trade them in leverage 20 every day of the week, 24 hours a day.
Finally, the commodities offered are CFDs on oil, natural gas, gold and silver.
Trading platforms available
The broker offers two platform: MT4 and MT5. They are probably the most complete platforms for operating in the financial markets in both discretionary and automatic trading.
MT5, and MT4, are a fully configurable platform. They offer about forty technical indicators, as well as the possibility of programming your own indicators. You will be able to work on about twenty timeframes.
From my point of view MT5 is an excellent platform, certainly the design is less modern than some web platforms, but it is very complete. MT5 allows automatic trading and the development of technical indicators. It is quite easy to find libraries of indicators and strategies to download on the Internet.
Of course MT5 is available on PC and Mac, but also on iPhone and Android.
Once you have logged in you will be able to open demo accounts and real accounts with just a few clicks. Before that you will have to answer a dozen questions to find out if you know a minimum of the financial markets. Rest assured, the questions are simple, they aim to find out if you are aware that there are financial risks.
Errante offers several types of accounts: Standard, Premium, VIP and Custom.
The standard account is available from a capital of $50, it allows automatic trading and access to training. Spreads are from 1.8 pips. There is no commission.
The premium account gives access to personalized support and more advanced training. To access it you will need a minimum capital of $1000. Spreads start from 1 pip.
The VIP account requires a minimum of $5000. It offers tighter spreads from 0.8 pips, free VPS and no fees on money transfers. A VPS is a server on which MT5 is installed (VPS = Virtual Private Server), so you can let a trading algorithm run 24 hours a day. Generally this service is charged between 10 and 30 euros per month.
The custom account is accessible from a capital of $15,000. You will have the possibility of having access to personal advisers. Spreads go down to 0 pips.
The account is funded by transfer, by Visa or Mastercard, with Skrill, Neteller or other payment systems.
Regulations & licenses
Errante is regulated by the CySEC in Cyprus and by the FSA in the Seychelles.
In Europe Errante is authorized to operate in Austria, Germany, Greece, Ireland, Italy, the Netherlands, Poland, Portugal and Spain.
Strengths and weaknesses
|✅ Powerful platform
|❌ Recent broker, little history.
|✅ Regulated Broker in Europe
|✅ Training content
|✅ Minimum deposit of only $50
European regulations are a guarantee of safety. The MT5 platform will allow you both to place your orders manually and to do automatic trading simply, the MT5 documentation is very complete. Errante will suit you if you want to start on Forex while keeping the possibility of keeping a foothold in the equity markets.
In any case, you can test their service by creating a demo account, I also advise you to contact them by phone or email to test their responsiveness and the relevance of their answers.
Arnaud Jeulin Managing Director
After an engineering degree, Arnaud started a career as a developer. He worked with traders and back office to build prototypes and trading tools. Then he set up his own company, Mataf, in 2003.
For the last 21 years Arnaud has improved his knowledge of brokers and markets, he uses his expertise to enhance Mataf to help users to avoid unethical brokers and trading signal providers.