Errante broker Accounts

errante Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

errante Account Types Explained

Errante offers a variety of account types designed to cater to different trading needs and levels of experience. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for scalpers and high-frequency traders.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions; priority customer support.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, shares, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to the Standard account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest charges.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

5. Demo Account

• Minimum Deposit: Virtual balance of $10,000.
• Spread/Commission Structure: Variable spreads; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment; practice trading strategies.
• Target User Profile: All levels, especially beginners.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed errante Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly for beginners.

• ECN Account:

• Raw spreads for better pricing.

• Ideal for scalping and high-frequency trading.

• Direct market access.

• Pro Account:

• Competitive spreads and lower commissions.

• Enhanced customer support.

• Suitable for serious traders.

• Islamic Account:

• Compliant with Sharia law.

• No interest charges.

• Accessible to Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited features for advanced trading.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees can add up.

• Pro Account:

• Requires a higher initial investment.

• Not suitable for casual traders.

• Islamic Account:

• Limited to specific trading instruments.

• May have restrictions on certain trading strategies.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice.

errante Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders in most countries, but may be restricted in certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement showing the client's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Errante adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to provide identification and proof of residence during the registration process.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step errante Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the Website: Go to the Errante official website.
2. Click Registration: Click on the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type you wish to open.
5. Set Trading Preferences: Specify your trading preferences and settings.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with the mobile app offering a streamlined experience for document uploads and account management.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

Clients can contact customer support to request an upgrade or downgrade of their account type, subject to meeting the minimum deposit requirements.

errante Demo Account Guide

Demo Account Features and Benefits

The demo account allows traders to practice trading strategies without financial risk, using a virtual balance to simulate real trading conditions.

How to Open a Demo Account

To open a demo account, simply register on the Errante website and select the demo account option during the registration process.

Demo Account Limitations

The demo account may have limitations such as a virtual balance cap and a time limit for usage.

Virtual Balance Amount

Typically, demo accounts are provided with a virtual balance of $10,000.

Demo vs Live Account Differences

Demo accounts do not involve real money, and trading conditions may differ from live accounts in terms of execution speed and slippage.

Duration/Expiry of Demo Accounts

Demo accounts may expire after a certain period, typically 30 days, unless extended by the broker.

errante Islamic Account Details

Swap-Free/Islamic Account Availability

Errante offers an Islamic account that complies with Sharia law, allowing Muslim traders to engage in trading without incurring interest fees.

Eligibility Requirements

To qualify for an Islamic account, clients must declare their religious beliefs and may need to provide supporting documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for long-term trading strategies.

How to Apply for Islamic Account

Clients can apply for an Islamic account during the registration process by selecting the swap-free option.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including limitations on certain trading strategies.

FAQs – errante Account Types & Opening

1. What account types does errante offer？

• Errante offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: $0.

1. How long does errante account verification take？

• Verification typically takes 1-3 business days.

1. Does errante offer demo accounts？

• Yes, Errante provides a demo account for practice trading.

1. Can I have multiple account types with errante？

• Yes, clients can open multiple account types as long as they meet the minimum deposit requirements.

1. Does errante offer Islamic/swap-free accounts？

• Yes, Errante offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a errante account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type through customer support.