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Errante is a forex and CFD broker that claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC). However, there are a number of red flags that suggest that Errante is a scam broker.

Company Overview

Errante is a relatively new broker, having been founded in 2019. The company is headquartered in Cyprus, but its website is not available in the Greek language. This is a red flag, as most legitimate brokers will offer their services in the local language of their target market.

Does Errante Have Any License?

Errante claims to be regulated by CySEC, but there is no record of the company on the CySEC website. This is a major red flag, as all legitimate forex brokers that are regulated by CySEC must be registered on the CySEC website.
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Is Errante Regulated By Any Authority?

Errante is not regulated by any other financial regulatory authority. This is another major red flag, as all legitimate forex brokers should be regulated by at least one reputable financial regulatory authority.

Pros and Cons

Pros:

  • The company offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5.
  • Errante offers a demo account that allows traders to practice trading without risking any real money.

Cons:

  • Errante is not regulated by any reputable financial regulatory authority.
  • There are a number of negative reviews about Errante online.
  • Errante has been accused of using fake testimonials and misleading marketing materials.

How Does Errante Reach To Their Prey?

Errante targets unsuspecting traders through a variety of methods, including:

  • Social media: Errante creates fake social media profiles and posts misleading ads.
  • Spam emails: Errante sends spam emails that appear to be from legitimate financial institutions.
  • Cold calls: Errante makes cold calls to potential traders and promises them easy profits.

Technical Details

Minimum Deposit:

The minimum deposit requirement for an Errante account is $50.

Trading Platform:

They offer MetaTrader 4 and MetaTrader 5 as its trading platforms. These are two of the most popular trading platforms in the world.

Spread:

The spread on Errante’s forex pairs is typically around 1 pip. This is a competitive spread.

Leverages:

Errante offers leverage up to 1:500. This is a high leverage, which can magnify profits and losses.

Packages and Products They Offer

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Errante offers four different account types:

  • Standard account
  • Premium account
  • VIP account
  • Tailor Made

The VIP and Tailor-made accounts offer higher leverage and more trading features than the Standard account.

Withdrawal and Deposit Method

Errante offers a variety of deposit and withdrawal methods, including:

  • Credit/debit cards
  • Bank wire transfers
  • E-wallets

What Do Their Previous Traders Say?

There are a number of negative reviews about Errante online. Some traders have complained about the company’s high fees, while others have said that they were unable to withdraw their funds.

Summing Up- Why Should Not You Trust Errante

There are a number of reasons why you should not trust Errante. The company is not regulated by any reputable financial regulatory authority, and there are a number of negative reviews about Errante online. Additionally, Errante has been accused of using fake testimonials and misleading marketing materials.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have lost money with Errante, you may contact us. You will get a free consultation and service recommendations to get professional guidance. Also, you will have some recovery service recommendations to get help in recovering the lost fund.

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    Final Thoughts

    Errante is a scam broker that should be avoided. If you are considering trading with Errante, we strongly advise you to do your research and choose a more reputable broker.

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