Errante Review 2024 - Broker Jungle
Introduction
In the dynamic world of forex trading, choosing a reliable and trustworthy broker is paramount to success. Errante, established in 2012, emerged as a promising contender in the forex brokerage landscape. However, in 2018, the company's reputation took a drastic turn when it filed for bankruptcy, revealing a shocking Ponzi scheme that defrauded over 1,000 traders of a staggering $100 million.
Despite this tarnished past, Errante continues to operate, raising concerns among potential traders. This in-depth review will delve into Errante's trading platform, fees, customer support, and overall trustworthiness, empowering you to make an informed decision.
Is Errante a Safe Broker?
Errante's regulatory status under the Financial Conduct Authority (FCA) might initially provide a sense of security. However, the company's history of running a Ponzi scheme casts a shadow of doubt over its reliability and safety. Furthermore, numerous customer complaints regarding withdrawal issues and subpar customer service paint a troubling picture.
Errante Trading Platform
Errante offers a proprietary trading platform accessible via desktop, web, and mobile devices. The platform boasts a user-friendly interface and an array of features, including:
Multiple chart types to visualize market trends
Technical indicators to aid in trading decisions
Drawing tools for enhanced analysis
News and market analysis to stay informed
One-click trading for swift execution
Errante Fees
Errante's trading fees are competitive, with a commission of 0.02% on all trades. Additionally, there are no minimum deposit or withdrawal fees.
Errante Customer Support
Errante claims to provide 24/5 customer support through live chat, email, and phone. However, customer reviews suggest that their support is often unresponsive and unhelpful, leaving traders frustrated and without adequate assistance.
Errante Alternatives
Given Errante's questionable history and ongoing concerns, it's crucial to consider reputable alternatives. Here are some well-established and trustworthy forex brokers:
XM
IC Markets
Pepperstone
FxPro
Conclusion
Errante's past involvement in a Ponzi scheme and the persistent customer complaints raise serious red flags regarding its safety and reliability. While the company offers a user-friendly platform and competitive fees, these factors pale in comparison to the potential risks associated with trading with Errante.
For your peace of mind and the protection of your hard-earned money, we strongly recommend exploring alternative forex brokers with a proven track record of integrity and customer satisfaction. Remember, due diligence is essential in the forex trading world, and choosing a trustworthy broker is the foundation for a successful trading experience.
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