Errante Review - Pros, Cons & Rating

Introduction

Errante is a forex broker that was founded in 2012. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA). Errante offers a variety of forex trading accounts, as well as a number of other features that make it an attractive option for traders.

Errante Pros

  • Regulation: Errante is regulated by two tier-1 regulators, which means that the company is subject to certain financial oversight. This can help to protect traders from fraud and other abuses.

  • Security: Errante uses a variety of security measures to protect its customers' data and funds. These measures include encryption, firewalls, and fraud detection systems.

  • Competitive spreads: Errante's spreads are competitive, and they start from 0.8 pips on the Pro Account.

  • Fast execution: Errante's trading platform is fast and reliable, and orders are typically executed within milliseconds.

  • Variety of trading platforms: Errante offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary web platform.

  • 24/7 customer support: Errante offers 24/7 customer support in a variety of languages.

Errante Cons

  • Limited educational resources: Errante does not offer a lot of educational resources for its traders. This can be a disadvantage for new traders who are still learning about forex trading.

  • No demo account: Errante does not offer a demo account. This can be a disadvantage for traders who want to try out the company's platform before they deposit real money.

  • High minimum deposit for some account types: The minimum deposit for the VIP Account is $10,000, which can be a barrier to entry for some traders.

Errante Rating

Overall, Errante is a good forex broker with a lot to offer traders. The company is regulated by two tier-1 regulators, it offers competitive spreads and fast execution, and it has a variety of trading platforms to choose from. However, Errante's limited educational resources and lack of a demo account are a couple of drawbacks that potential traders should be aware of.

Here is a rating of Errante in different categories:

  • Regulation: 5/5

  • Security: 5/5

  • Spreads: 4/5

  • Execution: 5/5

  • Trading platforms: 5/5

  • Educational resources: 2/5

  • Demo account: 0/5

  • Customer support: 5/5

Overall rating: 4/5

Conclusion

Errante is a good option for experienced traders who are looking for a regulated and secure broker with competitive spreads and fast execution. However, new traders may want to consider a broker that offers more educational resources and a demo account.