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Head to head

CMC Markets vs Errante

CMC Markets is licensed by FCA in the United Kingdom, BaFin in the European Union, ASIC in Australia, MAS in Singapore, CIRO in Canada, FMA (New Zealand) in New Zealand and DFSA in the United Arab Emirates (DIFC). Errante is licensed by CySEC in the European Union, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at CMC Markets and $50 at Errante. Both offer negative balance protection and segregated client money.

Facts last checked: CMC Markets on 20 October 2026, Errante on 20 October 2026.

CMC Markets profileErrante profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
CMC MarketsStrictly regulatedRead the profile
ErranteStrictly regulatedRead the profile
Comparing
CMC MarketsUnited Kingdom
ErranteEuropean Union

Overview

Founded
Not yet checked
Not yet checked
Headquarters
London, United Kingdom
Mahé, Seychelles (EU company in Cyprus)
Official websites
  • cmcmarkets.com
  • cmcinvest.com
  • errante.com
  • errante.eu
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
CMC Markets UK plc
Notely Trading Ltd
Regulator
FCA
United Kingdom
CySEC
European Union
Regulation level
Strictly regulated
Strictly regulated
Licence number
173730
Check the register
383/20
Check the register
Clients this company serves
UK residents (spread betting, CFDs and FX Active)
Residents of EU and EEA countries, through errante.eu
All licences held
  • FCA (United Kingdom)
  • BaFin (European Union)
  • ASIC (Australia)
  • MAS (Singapore)
  • CIRO (Canada)
  • FMA (New Zealand) (New Zealand)
  • DFSA (United Arab Emirates (DIFC))
  • CySEC (European Union)
  • FSA Seychelles (International)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS (UK, CMC Markets UK plc clients); other countries have their own schemes or none
Investor Compensation Fund (Cyprus) for eligible clients of Notely Trading Ltd; none for clients of the Seychelles company

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Not yet checked
Yes

Leverage and margin

Maximum retail leverage
1:30 on major currency pairs (UK and EU retail clients)
Up to 1:1000 (Seychelles company); 1:30 on major pairs for EU retail clients
Retail leverage by asset class
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs and spread bets: 1:5
Not yet checked
Margin call level
Not yet checked
100%
Stop-out level
50% of margin (UK and EU retail close-out rule)
20%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • CMC web platform
  • CMC mobile app
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Errante client portal app
Markets
300+ currency pairs on its own platform (175+ on MetaTrader 4), indices, commodities, shares, ETFs, bonds and share baskets as spread bets and CFDs
50+ currency pairs, metals, energies and commodities, indices, shares and cryptocurrency CFDs
Demo account
Not yet checked
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
Not yet checked
  • Bank wire (SWIFT and SEPA)
  • Debit and credit card
  • E-wallets
  • Cryptocurrency
Withdrawal fee
No charge from CMC for deposits or withdrawals (UK site)
Depends on the method. The terms also allow a fee of up to 5% if you withdraw without significant trading or within three months of funding without trading
Inactivity fee
£10 a month (or currency equivalent) after a year with no trading, only taken while the account holds money
$15 one-off, then $5 a month, after 150 days with no activity (Seychelles terms)

Support

Customer support
24-hour phone line Monday to Friday (UK)
24/7 support by live chat and email (support@errante.com)

Our notes

Strengths
  • Every company we checked holds a licence from a strict or standard regulator, from the FCA to the DFSA
  • UK client money is held in segregated accounts under the FCA's client money rules, with FSCS cover for eligible claims
  • No minimum deposit on the UK site and no charge from CMC for deposits or withdrawals
  • EU company Notely Trading Ltd is licensed by CySEC (licence 383/20, checked on the CySEC register)
  • Negative balance protection is written into the Seychelles terms, so losses are capped at your account balance
  • Client money held separately from company funds, plus a civil liability insurance policy of up to €1,000,000
  • Choice of MetaTrader 4, MetaTrader 5, cTrader and TradingView
Watch out for
  • Inactivity fee of £10 a month after a year without trading
  • The UK site quotes minimum spreads (from 0.5 pips, or 0.0 pips plus commission on FX Active), not typical spreads, so check live prices before you compare
  • The FCA has warned about clone firms using CMC Markets' details, including ibplatform.info, ib-platform.info, ibplatform.co and marketstradeltd.com
  • Clients outside the EU join the Seychelles company, which holds only an offshore licence and offers leverage up to 1:1000
  • Minimum deposits and spreads for the Premium, VIP and Tailor Made accounts are not shown on the public account page
  • Dormant accounts pay $15 and then $5 a month, and a fee of up to 5% can apply to withdrawals made without trading

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • CMC Markets: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.
  • Errante: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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