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Contract reading

What Errante legally published, but does not want you to read

Every clause below is published by Errante itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Errante Securities (Seychelles) Limited

sole discretionhidden feedispute barrierwithdrawalsdeemed acceptanceforum waiverjurisdictionprofit voidingbonus lockconflict of interest

Errante's Seychelles contract lets it charge up to 5% when you withdraw without trading enough, and never says how much is enough. It excludes liability for its own fraud in those words. The risk disclosure, complaints policy and fee table you agree to are not published on errante.com at all. Errante's EU customers get an ombudsman and a gentler dormancy fee. Seychelles customers get neither.

Back to Errante

Contract risk

Money at risk
7.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
6
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
19
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
26
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

How the 19 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical6
Warning12
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical5%Fee you were not shown. Jump to the clause this comes from.Withdraw without trading enough and lose 5%Critical4Time to complain. Jump to the clause this comes from.Four documents you agree to are not published hereCritical$15Fee on an unused account. Jump to the clause this comes from.Idle five months and fees start eating your balance10 working daysWithdrawal limit. Jump to the clause this comes from.Errante picks your payout route and can cap it

What the documents say

19 clauses worth knowing about, worst first, each quoted from Errante's own files

01

A 5% penalty applies when you withdraw without what Errante calls significant trading activity. It applies again if you deposit and withdraw without trading in your first three months. Your contract never says how much trading is enough.

Why this matters

Put in $1,000, change your mind, and Errante can keep $50 before you place a single trade. You cannot check the test, because the number that decides it sits on a page Errante can change without asking you.

Exhibit 1CriticalRarely seen5%

The Company has the right to charge a fee/penalty for withdrawal without having traded. Specifically, in case of a withdrawal request (i) without significant trading activity, or (ii) when traded with us for arbitrage, or (iii) without trading activity during the first three months since the day the account was initially funded an additional fee/penalty up to 5% will be charged.
Clause 28.2 in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of errante.eu, taken on Sep 9, 2026The claim, on VIP account benefit, Choose Your Account section of the Errante homepageVisit this page on the broker's siteDownload the full size image file
Our own capture of errante.com, taken on Sep 9, 2026What the contract says, clause 28.2Visit this page on the broker's siteDownload the full size image file

What it costsA $1,000 deposit withdrawn before you open 2 lots costs $50. You get $950 back, having never traded.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client the costs and charges of a service before that client trades. This contract fixes the charge at up to 5% and sends the reader to a web page for both the rate and the trigger.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingRecovering a payment cost on an untraded deposit is common. Charging a percentage of the whole withdrawal as a penalty, with the qualifying volume set on a marketing page rather than in the contract, is not.

  • Only applies after Exhibit 2The penalty turns on a phrase Errante defines two different ways, so you cannot work out in advance whether you owe it.
  • Worse together with Exhibit 17Errante advertises a bonus that requires trading while this clause penalises you for not trading enough.
02

Errante accepts no liability for loss caused by fraud or deliberate omission on its own part. Those are the contract's own words. A second clause removes liability for negligence, breach of contract and misrepresentation too.

Why this matters

You carry the loss even where Errante caused it deliberately. A court may refuse to enforce wording this wide, and you would have to go to Seychelles to argue it.

Exhibit 4CriticalRarely seen

It shall be noted that the Company and any entity related to the Company, will perform transactions in good faith and with proper due diligence but shall not be held liable for any omission, deliberate omission or fraud by any person, firm or company from whom we receive instructions for the execution of the Orders and/or from which transactions are carried out on your behalf, including where this would be the result of negligence, deliberate omission or fraud on the part of the Company.
Clause 29 in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of errante.com, taken on Sep 9, 2026Errante excludes liability for its own fraud (clause 29)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC cannot contract out of liability for their own fraud, and cannot exclude the duties they owe a retail client. This contract excludes fraud on the part of the Company by name.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingBrokers routinely exclude liability for negligence and market losses. Excluding liability for the firm's own fraud and deliberate acts is unusual, and many courts strike such wording out.

  • Worse together with Exhibit 6Errante excludes its own liability while giving you no independent body to take the argument to.
03

You confirm you have read Errante's risk disclosure and order execution policy, you agree to follow its complaints policy, and you accept a fee table on its website. None of those four is published on errante.com, the site whose contract you sign.

Why this matters

You are signing an admission that you read documents you cannot open. Each of those links sends you to the homepage of Notely Trading, a different company in Cyprus.

Exhibit 5CriticalRarely seen4

You have read and fully understood our General Risk Disclosure.
Clause 8.1 in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of errante.com, taken on Sep 9, 2026Four documents you agree to are not published here (clause 8.1)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client the risk warnings, the execution policy and the complaints route before the client is bound. This contract asks you to confirm you received them and does not publish them.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingBurying a policy behind a footer link is normal. Taking a signed acknowledgement of four documents the contracting company publishes nowhere is different, because the acknowledgement becomes evidence against you.

04

Errante promises that your losses cannot exceed your equity. Elsewhere the same contract lets it withhold that protection where it suspects arbitrage, and take funds from your other account to cover what you owe.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can end up owing Errante money after being told that could not happen. A deposit reversed by a bank or payment provider can push all of your accounts below zero.

Exhibit 7CriticalHarder than usual

This means that your losses cannot exceed your equity.
Clause 6.2 in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of errante.com, taken on Sep 9, 2026Negative balance protection with exits written in (clause 6.2)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms under CySEC and ESMA rules must give retail clients negative balance protection per account, with no discretion to switch it off. This contract gives the protection and then reserves the right not to apply it.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 8Suspected arbitrage both removes the loss cap and lets Errante reach back for past profits.
05

Errante can take trading profits out of your account where it decides you gained them by abusing liquidity. It sets no time limit, so any profit from any point in your relationship is reachable.

Why this matters

Money you already made is not settled. The banned list includes arbitrage and opening large positions before news, and Errante decides whether you did it.

Exhibit 8CriticalHarder than usual

obtain from Clients’ accounts any historic trading profits that they have gained through such abuse of liquidity as determined by the Company at any time during our trading relationship; and/ or
Clause 31.2 in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of errante.com, taken on Sep 9, 2026Errante can take back profits it calls abuse (clause 31.2)Visit this page on the broker's siteDownload the full size image file
06

Leave your account untouched for 5 months and Errante can take a $15 one off fee, then $5 every month until the balance reaches zero. Clause 28.3 of the same contract says it will not impose a maintenance fee.

Why this matters

A $100 balance you forgot about is gone in about 18 months. The clock starts after 5 months with no trade, no deposit and no withdrawal, while Errante's EU customers get 12 months and no $15 charge.

Exhibit 9CriticalHarder than usual$15

You acknowledge and confirm that if your Account(s) remain inactive for 5 months (150 days), we will regard your Account(s) to be dormant. We reserve the right to change the 5 -month inactivity period as we deem necessary.
Clause 27.1 in Terms and Conditions
Read from the broker's site on Open the reference
Our own capture of errante.com, taken on Sep 9, 2026The claim, on Clause 28.3 of the Terms and Conditions on errante.comVisit this page on the broker's siteDownload the full size image file
Our own capture of errante.com, taken on Sep 9, 2026What the contract says, clause 27.3Visit this page on the broker's siteDownload the full size image file
Our own capture of errante.com, taken on Sep 9, 2026Idle five months and fees start eating your balance (clause 27.1)Visit this page on the broker's siteDownload the full size image file

What it costsOn a $100 forgotten balance, the $15 fee leaves $85. At $5 a month the account reaches zero after 17 more months.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Month 5Errante treats the account as dormant after 150 days with no trade, deposit, withdrawal or transfer.27.1
One off chargeA single account maintenance fee of $15 is taken.27.3
Every month afterA $5 monthly fee is taken for each further month of inactivity.27.3
Balance $0Once the balance falls to zero the account is treated as archived, and you can ask to reactivate it.27.3

Errante sells in 13 languages and contracts in one

Errante offers its client agreement in 12 languages besides English, and every one of those links lands on a homepage rather than the contract. Clause 40.10 says the English version prevails and serves for legal purposes. Nothing a client was shown in Vietnamese, Arabic, Hindi or Thai binds Errante.

Language arbitrage1 clause flagged

Errante offers its client agreement in 12 languages besides English, and every one of those links lands on a homepage instead of the contract. The contract says only the English version counts for legal purposes.

Why this matters

You are sold to in your own language and bound in a language you may not read. Nothing you were shown in Vietnamese, Arabic, Hindi or Thai can be relied on against Errante.

Exhibit 15WarningHarder than usual12

The provisions of the Terms and Conditions and/ or any other policies and/ or any other content included in the official website of the Company expressed in the English language shall prevail over the provisions of any other translation of the same documents in whichever language the potential translation might be. You must keep in mind that the English version of this document will serve for legal purposes.
Clause 40.10 in Terms and Conditions
Read from the broker's site on Open the reference

Errante can charge 5% to let you leave, and will not define the test

A penalty of up to 5% applies when you withdraw from Errante without enough trading, and the Seychelles contract never says how much is enough. Errante gives that test two different meanings elsewhere on its own site, and can change one of them without your consent. A chargeback to your bank costs a further $50.

Cost disclosure2 clauses flagged

Errante defines significant trading activity two ways on its own site. One asks for 2 lots per $1,000 held five minutes. The other asks for 30% of your deposit across 10 positions.

Why this matters

You cannot tell which test decides whether Errante keeps 5% of your money. The version in the Seychelles contract you sign has no definition at all, and Errante can change the other one without your consent.

Exhibit 2WarningHarder than usual

1Significant trading activity means that per US$1,000 deposit at least 2 lots of FX/Metal positions being open for at least 5 minutes. This measure can be changed at the Company’s sole discretion and without the consent of the client.
Quoted in Funding & Deposit Methods
Read from the broker's site on Open the reference
Our own capture of errante.eu, taken on Sep 9, 2026The claim, on Withdrawal fee footnote on the Funding & Deposit Methods pageVisit this page on the broker's siteDownload the full size image file
Our own capture of errante.eu, taken on Sep 9, 2026What the contract says, clause 28.2Visit this page on the broker's siteDownload the full size image file

Ask your bank or card provider for a chargeback and Errante can take $50 from your account. It also treats the chargeback itself as a material breach of your agreement.

Why this matters

Your normal route for a disputed payment costs you $50 and puts you in breach, which gives Errante grounds to close the account.

Exhibit 3WarningHarder than usual$50

A chargeback in breach of the foregoing obligation is a material breach of the Agreement and we reserve a right to debit 50 USD research fee (to cover investigative costs), upon receiving the chargeback by our merchant service provider.
Clause 25 in Terms and Conditions
Read from the broker's site on Open the reference

Errante chooses how your money leaves, and can cap it at any time

Errante can set withdrawal limits at any time, refuse the payment method you asked for, and reverse a withdrawal back into your account if it is unsatisfied with your documents. Card payouts cannot exceed what you paid in by card, so profit leaves by a route Errante picks, taking up to 10 working days.

Getting paid out1 clause flagged

Errante can impose withdrawal limits at any time, refuse the method you asked for, and reverse a withdrawal back into your trading account if it is not satisfied with your documents. Card payouts take up to 10 working days and cannot exceed what you deposited by card.

Why this matters

Profit above your original deposit cannot leave by card, so it exits by the route Errante chooses. Nothing in the contract puts a deadline on the document review that holds the money.

Exhibit 10WarningHarder than usual10 working days

The Company reserves the right to impose withdrawal limits on your withdrawal requests at any time.
Clause 21 in Terms and Conditions
Read from the broker's site on Open the reference

Errante advertises a $2,000 bonus and publishes no terms for it

A 30% deposit bonus up to $2,000 sits at the top of Errante's own contract page, carrying an asterisk that leads nowhere. The Learn More link lands on a homepage and no bonus terms are published on either Errante site, so the conditions attached to your deposit cannot be read before you accept them.

The promotion1 clause flagged

Errante advertises a 30% deposit bonus up to $2,000 at the top of its own contract page. The asterisk leads nowhere, the Learn More link lands on a homepage, and Errante publishes no bonus terms.

Why this matters

You cannot see what taking this bonus does to your withdrawals before you accept it. The trading it requires is measured by a test Errante can change without telling you.

Exhibit 17WarningHarder than usual$2000

30% Deposit Bonus up to $2000* for trading on Forex and other markets
Quoted in Terms and Conditions
Read from the broker's site on Open the reference

Errante can rewrite the terms with or without notice, and close you out at 20%

Errante reserves the right to change this agreement at any time with or without notice, and to treat your silence for 14 days as consent. Any breach becomes a default after one business day, at which point Errante can cancel its own obligations on your open trades. Its close out level is 20%, against 50% for the same broker's EU clients.

Changing the deal3 clauses flagged

Errante can change this agreement at any time with or without notice by posting it on its website. If you object, you have 14 days to say so by registered letter to Seychelles, and silence counts as your consent.

Why this matters

You are bound by terms you were never sent. An earlier clause makes amendments binding five days after posting, so the terms can take effect before your objection window has even closed.

Exhibit 11WarningHarder than usual14 days

The Company reserves the right to change the terms and conditions of this Agreement at any time with or without notice by posting such changes on the www.errante.com website or any other official website of the Company.
Clause 40.11 in Terms and Conditions
Read from the broker's site on Open the reference

Errante closes your positions once your margin level falls to 20%. The same broker's EU customers are closed out at 50%, which leaves them more of their money when a trade goes wrong.

Why this matters

A lower close out level means your losing position runs further before Errante stops it, so more of your deposit is gone by the time it does.

Exhibit 12WarningHarder than usual20%

At a Margin Level of 20% is required at which the Company will automatically close one or more positions at market prices where the stop out level is reached.
Clause 4.23 in Terms and Conditions
Read from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus), ESMA (EU)

Firms under CySEC and ESMA rules must close a retail client's CFD positions once equity reaches 50% of the required margin. This contract sets the level at 20%.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Miss any obligation in this agreement for one business day after Errante tells you and it becomes an event of default. Errante can then cancel its own obligations on your open trades and sell your positions without answering for the price.

Why this matters

One working day is not enough time to fix a document or a margin problem. The same clause also triggers on anything Errante considers desirable for its own protection.

Exhibit 13WarningHarder than usual1 working days

Your failure to observe or perform any other provision of this Agreement and such failure continues for one (1) business Day after notice of non-performance has been provided to you by the Company.
Clause 33.4 in Terms and Conditions
Read from the broker's site on Open the reference

Errante excludes its own fraud and gives you nobody to appeal to

Errante's agreement says it is not liable for loss caused by fraud or deliberate omission on its own part, in those words. Four documents you confirm you have read, including the risk disclosure and the complaints policy, are not published on errante.com at all. If Errante rejects your complaint there is no ombudsman, and its own records are the agreed evidence.

If it goes wrong1 clause flagged

If Errante rejects your complaint, the Seychelles contract gives you one mailbox and no appeal. The only complaints policy Errante publishes belongs to its Cyprus company and routes you to the Cyprus ombudsman, who does not cover your account.

Why this matters

Errante decides your complaint and nobody reviews that decision. An Errante customer in the EU can escalate to the Financial Ombudsman of Cyprus for free, and you cannot.

Exhibit 6WarningStandard wording

The Client may subsequently submit the complaint following the above mentioned policy to our Compliance Department at compliance@errante.com.
Clause 37 in Terms and Conditions
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client free access to an independent ombudsman. The Seychelles agreement names a compliance mailbox and stops there.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Errante answers only in the Seychelles courts

Seychelles law governs the account and the venue is the district court where Errante's headquarters sit. Errante publishes two different registered offices for that same company, one in the contract and another in the privacy policy on the same website, so the clause points at an address its own documents dispute.

Where you would sue1 clause flagged

Seychelles law governs your account and the court is the district where Errante's headquarters sit. Errante publishes two different registered offices for the same company, one in the contract and another in its privacy policy.

Why this matters

Any claim means litigating in Seychelles, wherever you live. The clause points at an address that Errante's own documents cannot agree on.

Exhibit 16WarningHarder than usual

This Agreement and all transactional relations between you and the Company are governed by the Laws of Seychelles and the competent court for the settlement of any dispute which may arise between them shall be the District Court of the district in which the Company’s headquarters are located.
Clause 41 in Terms and Conditions
Read from the broker's site on Open the reference

Errante gives you 14 days to document yourself

You have 14 days from the agreement taking effect to supply identity and address documents, and Errante can then terminate, block access and return your balance with the transfer charges taken from you. Open positions may be closed automatically while you are still collecting papers.

Paperwork deadlines1 clause flagged

You must give Errante your identity documents within 14 days of the agreement taking effect. Miss it and Errante can end the relationship, block access and send your balance back, with the transfer charges taken from you.

Why this matters

Open positions can be closed automatically while you are chasing paperwork. Errante can also refuse to move your money whenever its own staff form the opinion that it is connected to financial crime.

Exhibit 18WarningHarder than usual14 days

By accepting our Terms and Conditions, you acknowledge and agree that you are required by law to provide us with personal identifiable information and documents within fourteen (14) days as of the effective date of this Agreement. We reserve all rights to terminate the business relationship, block access to our services and refund any available balances through the original method of payment in your name.
Clause 40.4 in Terms and Conditions
Read from the broker's site on Open the reference

Errante is the only venue, the counterparty, and need not tell you what it earned

Errante is the sole execution venue and sole counterparty for every trade, so a position can only be closed with Errante. Its conflict of interest policy accepts the firm may gain at a client's expense, and clause 28.12 states there is no obligation to account to you for commissions or remuneration it receives.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Remuneration means payments it receives.

Who is on the other side1 clause flagged

Errante is the sole counterparty to every trade you make, so you can only close a position with Errante. Its conflict policy accepts that the firm may gain at your expense, and the contract says it need not account to you for what it earned.

Why this matters

The company setting your price is the company taking the other side of your bet. You have no right to know what it made from your trading.

Exhibit 14WarningStandard wording

The Company is the sole execution venue and the sole counterparty to the Clients’ trades as well as any execution of orders.
Clause 14.2 in Terms and Conditions
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs, charges and any third party inducements to a retail client. This contract states there is no obligation to account for remuneration received.

Errante is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Errante's CySEC licence belongs to a different company

The contract on errante.com is with Errante Securities (Seychelles) Limited under FSA authorisation SD038. The CySEC licence 383/20 that Errante also advertises belongs to Notely Trading Ltd in Cyprus, which handles some Errante payments. Client funds are pooled, and Errante states you cannot claim a specific sum if the holding bank fails.

Who you contract with1 clause flagged

You contract with Errante Securities (Seychelles) Limited under Seychelles authorisation SD038. The CySEC licence Errante also advertises belongs to Notely Trading Ltd, a separate Cyprus company that handles some of Errante's payments.

Why this matters

Your money sits with the Seychelles company, so the Cyprus investor compensation fund is not yours to claim on. Errante pools client funds, and says you cannot claim a specific sum if the bank holding them fails.

Exhibit 19NoticeStandard wording

Errante Securities (Seychelles) Limited is a Securities Dealer company incorporated and registered under the Laws of Seychelles under registration number 8425493-1, authorized and regulated by the Seychelles Financial Services Authority (hereafter the “FSA”), under authorization number SD038
Clause 1 in Terms and Conditions
Read from the broker's site on Open the reference
Set against a regulated standard: CySEC (Cyprus)

Retail clients of a CySEC licensed firm may claim on the Investor Compensation Fund if the firm fails. This agreement is with the Seychelles company and names no comparable scheme.

Errante is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

Errante advertises zero withdrawal fees on its VIP account while its contract reserves a penalty of up to 5% on a withdrawal.

Said in public, in English

0% Fees on Deposits & Withdrawals

VIP account benefit, Choose Your Account section of the Errante homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of errante.eu

In the contract · clause 28.2

The Company has the right to charge a fee/penalty for withdrawal without having traded. Specifically, in case of a withdrawal request (i) without significant trading activity, or (ii) when traded with us for arbitrage, or (iii) without trading activity during the first three months since the day the account was initially funded an additional fee/penalty up to 5% will be charged.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of errante.com

02

The same site that advertises zero withdrawal fees sets out a 5% and a 3% withdrawal penalty on its funding page.

Said in public, in English

0% Fees on Deposits & Withdrawals

VIP account benefit, Choose Your Account section of the Errante homepage

In the contract

In case of a withdrawal request up to 72 hours after depositing (i) without significant trading activity1, or (ii) when traded with us for arbitrage, an additional 5% fee/penalty will be charged. In case of a withdrawal request after 72 hours from deposit time (i) without significant trading activity1, or (ii) when traded with us for arbitrage, an additional 3% fee/penalty will be charged.

03

One clause promises Errante will not impose a maintenance fee and the clause before it sets a $15 account maintenance fee.

Said in public, in English

Unless expressly applicable by law, the Company shall not impose on its clients any of the following fees and charges: (a) incomplete application fee; (b) performance fee; (c) maintenance fee and (d) VAT charges on any of the transactions.

Clause 28.3 of the Terms and Conditions on errante.com

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of errante.com

In the contract · clause 27.3

You further acknowledge and confirm that we reserve the right to charge you a one-off account maintenance fee of US$ 15 (or currency equivalent), followed by a monthly fee of US$ 5 for each month that the Account(s) remains inactive.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of errante.com

04

Errante gives the trading test that triggers its withdrawal penalty two different meanings on its own website.

Said in public, in English

1Significant trading activity means that per US$1,000 deposit at least 2 lots of FX/Metal positions being open for at least 5 minutes.

Withdrawal fee footnote on the Funding & Deposit Methods page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of errante.eu

In the contract · clause 28.2

1 Significant trading activity is defined as at least 30% of your deposit amount, after removing leverage, to be used in trading and open at least 10 positions.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of errante.eu

The documents this reading is based on

26 files, all published by Errante. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Errante publishes.

How this reading was done

Every clause above was read out of a document Errante publishes itself

This reading was published on .

Documents
15 of 26downloaded from the broker's site, and 15 read in full
Pages opened
55pages walked to find those documents, footer links included
Marketing pages
11public pages set against what the contract says

Who the contract is with

Errante Securities (Seychelles) Limited

Errante Securities (Seychelles) Limited is the company you contract with on errante.com, under Seychelles FSA authorisation SD038. It does not hold the CySEC licence 383/20 that the Errante footer also advertises. That licence belongs to Notely Trading Ltd, a separate Cyprus company that runs errante.eu and, in Errante's own words, facilitates certain payment services on behalf of the Seychelles company. The Seychelles company publishes two documents of its own, and those two give different registered offices. Every other policy on the Errante shelf is Notely's.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Errante publishes the whole client agreement as one readable web page with numbered clauses, free and with no login, where most offshore brokers use a PDF. Its conflict of interest policy concedes in plain words that the firm can gain at a client's expense. Errante covers the payment processing fees on deposits instead of passing them on. The dormancy fee stops once the balance reaches zero, and you can reactivate at any time. Clause 7.5 promises that a client who opened extra accounts in good faith will be moved across with minimal to zero losses. Its EU arm publishes an unusually full shelf, with execution quality reports back to 2021 and capital adequacy reports to 2025.

We read the Seychelles client agreement end to end on errante.com. Five capital adequacy and Pillar III reports would not open as readable text, so we did not read them. We did not read the order execution policy, the leverage policy or the investor compensation fund policy, which Errante publishes only on its EU site. No earlier version of these documents is available, so this is a first reading with nothing to compare against. Both risk disclosure links on errante.com lead to the Errante homepage, so there was no risk disclosure for the Seychelles company for us to read. We looked for Farsi language marketing across Errante's own domains and found none: Iran appears only on its restricted country list.

How to check any of this yourself

Every quote above links to the Errante file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Errante publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Errante on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 9, 2026.

If you represent Errante and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Errante. Whether its licence is real and current is a separate check on the broker profile.

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