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Head to head

Errante vs Interactive Brokers

Errante is licensed by CySEC in the European Union, and also has an offshore registration. Interactive Brokers is licensed by CFTC / NFA in the United States; CIRO in Canada; FCA in the United Kingdom; Central Bank of Ireland in the European Union; ASIC in Australia; MAS in Singapore and DFSA in Dubai (DIFC), UAE. 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 $50 at Errante and $0 at Interactive Brokers. Only Errante offers negative balance protection. Both offer segregated client money.

Facts last checked: Errante on 20 October 2026, Interactive Brokers on 20 October 2026.

Errante profileInteractive Brokers 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
ErranteStrictly regulatedRead the profile
Interactive BrokersStrictly regulatedRead the profile
Comparing
ErranteEuropean Union
Interactive BrokersUnited States

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Mahé, Seychelles (EU company in Cyprus)
Greenwich, Connecticut, United States
Official websites
  • errante.com
  • errante.eu
  • interactivebrokers.com
  • interactivebrokers.co.uk
  • interactivebrokers.ie
  • interactivebrokers.com.au
  • interactivebrokers.ca
  • interactivebrokers.com.sg
  • ibkr.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Notely Trading Ltd
Interactive Brokers LLC
Regulator
CySEC
European Union
CFTC / NFA
United States
Regulation level
Strictly regulated
Strictly regulated
Licence number
383/20
Check the register
NFA ID 0258600 (futures commission merchant)
Check the register
Clients this company serves
Residents of EU and EEA countries, through errante.eu
US residents; also clears and carries many accounts opened through the UK company
All licences held
  • CySEC (European Union)
  • FSA Seychelles (International)
  • CFTC / NFA (United States)
  • CIRO (Canada)
  • FCA (United Kingdom)
  • Central Bank of Ireland (European Union)
  • ASIC (Australia)
  • MAS (Singapore)
  • DFSA (Dubai (DIFC), UAE)
Segregated client money
Yes
Yes
Negative balance protection
Yes
No
Compensation scheme
Investor Compensation Fund (Cyprus) for eligible clients of Notely Trading Ltd; none for clients of the Seychelles company
SIPC (US, securities only); FSCS in limited circumstances (UK); Irish Investor Compensation Scheme (Ireland); CIPF (Canada)

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
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
Up to 1:1000 (Seychelles company); 1:30 on major pairs for EU retail clients
1:30 on major pairs for CFDs (UK, EU, Australia)
Retail leverage by asset class
Not yet checked
  • Major currency pair CFDs: 1:30
  • Non-major currency pair: 1:20
  • Share CFDs: 1:5
Margin call level
100%
Not yet checked
Stop-out level
20%
Not yet checked

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
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Errante client portal app
  • Trader Workstation (TWS)
  • IBKR Desktop
  • Client Portal
  • IBKR Mobile
  • IBKR APIs
Markets
50+ currency pairs, metals, energies and commodities, indices, shares and cryptocurrency CFDs
Spot forex, plus forex, index, metal and share CFDs (CFDs not offered to US or Canadian residents)
Demo account
Yes
Yes
Copy trading
Yes
Not yet checked
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank wire (SWIFT and SEPA)
  • Debit and credit card
  • E-wallets
  • Cryptocurrency
  • Bank transfer
Withdrawal fee
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
Not yet checked
Inactivity fee
$15 one-off, then $5 a month, after 150 days with no activity (Seychelles terms)
None

Support

Customer support
24/7 support by live chat and email (support@errante.com)
Phone, chat and secure message support, by region

Our notes

Strengths
  • 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
  • Licensed in the US, Canada, UK, Ireland, Australia and Singapore, all strict regulators
  • Spot forex priced at the quoted interbank spread plus a published commission (0.20 basis points of trade value at the first tier)
  • No account minimum and no inactivity fee
Watch out for
  • 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
  • Spot forex commission has a minimum of USD 2.00 per order, so very small trades cost more in percentage terms.
  • UK accounts are cleared and carried by Interactive Brokers LLC in the US for most products; IBKR says products are only covered by the UK FSCS in limited circumstances.
  • Margin accounts can go negative; IBKR's own disclosures say losses may exceed your original investment
  • IBKR also names companies in Hong Kong, Japan and India; we did not confirm those licences on 2026-10-20 and this profile does not cover them.

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:

  • 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.
  • Interactive Brokers: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58.9% of retail investor accounts lose money when trading CFDs with IBKR. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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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