Errante Review: Errante.eu Unknown Founders
Errante is a forex broker that operates from Cyprus. This company operates with a high level of transparency. Additionally, the company does a great job of informing clients what they get upfront. However, the company fails in one sector. They do not introduce the team to their clients.
Many forex brokers are only in it for the money. They do not care about customer service and satisfaction. They scam people their hard-earned cash and disappear. Investors need to do proper research to distinguish legitimate companies from fraudulent ones.
In any case, there are a lot of legitimate forex brokers that operate with full transparency. Only such companies will help you make the kinds of returns you are looking for. They have the best trading environment and are trustworthy.
Errante Review
There are several assets you can trade on the Errante platform. These include Forex, Metals, Shares, Indices, and Energies. The platform is very versatile and robust. It provides traders with a MetaTrader 5 trading environment.
This is very appealing. MetaTrader 5 is the latest update to the MetaTrader 4 platform. These are the most popular trading platforms among traders. These platforms give clients one-click transactions and fast executions.
This shows that the company cares about customer satisfaction. Moreover, the company caters to all kinds of traders. They offer educational material on the website. This is very crucial for novice trailers. It gets them oriented to the platform and trading, in general.
However, it does not sit well that the company does not introduce its team members to the public. It is impossible to tell what kind of trading experience these individuals have. Consequently, it is impossible to tell how valuable the educational material is. It would be much better if the company introduced the team members.
Nonetheless, Errante promises to uphold integrity, transparency, and honesty. They promise to deliver industry standards and more. The company even provides an economic calendar to keep traders up to date. This is a handy tool to provide to traders. It means that clients can make better-informed price predictions.
Account Types
Errante has three main account types. These include Premium, VIP, and Tailor Made. These accounts vary according to the deposit you make.
The Premium account requires a minimum deposit of $50. This account type gives users spreads from 1 pip. However, the maximum volume in lots per trade is 50. To increase this, users have to upgrade their account.
The next account up is the VIP account. This one requires a minimum deposit of $5,000. Users enjoy average spreads from 0.6 pips. Additionally, the maximum volume in lots per trade is 80. This is an upgrade from the Premium account.
The final account type is the Tailor Made account. As the name suggests, this account type is customizable. Users enjoy spreads ranging from 0.0 pips. There is no maximum trade volume in lots—users in this account type trade as they request.
All these accounts require zero commission and give access to all trade assets. Additionally, the accounts are in USD or EUR currencies. Further, all these have an unlimited number of orders, 100% margin call, and 50% stop out. The leverage for all these accounts is up to 30:1.
Deposit and Withdrawal
Errante supports a plethora of payment options. They support wire transfers, debit and crest cards, and several E-wallet options. Errante covers all the transaction fees involved. Therefore, users can save some money when making deposits.
Errante processes most deposits within 2 minutes. This applies to debit and credit, and e-wallet transfers. Wire transfers may take two to five business days to process. Additionally, users have to deposit in the account base currency. The system converts any other currencies to the base currency. The minimum deposit is $50 or €50.
Errante also supports several withdrawal options. Users can request bank transfers or debit and credit withdrawals. Additionally, they can request withdrawals to their e-wallet accounts.
Errante does not charge any fees on bank withdrawals. The only fee that users pay is bank charges. Bank wire transfer withdrawals take between two and five days to process. The minimum withdrawal for this option is $100 or €100.
However, users can make smaller withdrawals to their cards or e-wallets. These options allow users to withdraw as little as $20 or €20. The company charges a 1% fee on e-wallet withdrawals. There is no charge on card withdrawals.
Errante Founders and Physical Location
It is very crucial to know the people behind a company. Their background will tell you everything you need to know about the trading environment. Sadly, as mentioned, the company does not reveal who the founders are.
On a good note, though, the company does reveal where they operate from. They give their physical location as 30 Karpenisiou, 1077 Nicosia, Cyprus. This means that anyone can track them down in case of any issues.
Regulation and Fund Safety
It is important to ensure that you are investing in a regulated company. That is the best way to ensure you do not lose your money to fraudulent individuals. Regulatory bodies oversee company operations to ensure they remain within legal requirements.
Fortunately, Errante is a regulated company. Errante is just the company’s trading name. The parent company name is Notey Trading Limited. This is a firm authorized and regulated by Cyprus Securities and Exchange Commission.
Additionally, the company has regulation and authorization from the Markets of Financial Instruments Directive. Of the European Union. Therefore, the company meets the legal requirements to provide its services.
Additionally, the company also assures clients of their funds’ safety. They deposit clients’ funds in well-liquidated banks for maximum protection. Further, the company contains a segregated account for user funds.
Moreover, regulatory bodies require companies to prove fund safety before licensing them. Therefore, we can say that this company provides adequate fund safety.
Errante Customer Support
Errante also ensures to offer ample customer support. There are various channels to contact the company. Users can contact the company through the live chat option on the company’s website. Additionally, the company provides an email address to contact them. Users can email the team at info@errante.eu.
Even better, the company avails a phone number to call them. Clients can call the company via +357 25 253300. If not in a hurry, clients can leave a message for the company. They can do this by filling out a contact form on the contact us page. Errante does not reveal how long the team takes to respond to customer queries.
Final Verdict
Overall, this company checks out. They operate with a high level of transparency. This is a regulated company with excellent funds’ safety. Additionally, they offer ample customer support. There are many channels to contact the team.
However, there is one problem. The website does not introduce us to the people behind the operations. Knowing the people behind the company would help boost the trust of investors. The company should reveal this information to promote the transparency level.
In the meantime, there are legitimate fore brokers that operate with full transparency. They have been around for a long time and prove to work. Such companies will help you safeguard and grow your account.
