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Head to head

Errante vs Pepperstone

Errante is licensed by CySEC in the European Union, and also has an offshore registration. Pepperstone is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union; BaFin in Germany; DFSA in Dubai (DIFC), UAE and SCB in The Bahamas. 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 Pepperstone. Both offer negative balance protection and segregated client money.

Facts last checked: Errante on 20 October 2026, Pepperstone on 20 October 2026.

Errante profilePepperstone 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
PepperstoneStrictly regulatedRead the profile
Comparing
ErranteEuropean Union
PepperstoneAustralia

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Mahé, Seychelles (EU company in Cyprus)
Melbourne, Australia
Official websites
  • errante.com
  • errante.eu
  • pepperstone.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Notely Trading Ltd
Pepperstone Group Limited
Regulator
CySEC
European Union
ASIC
Australia
Regulation level
Strictly regulated
Strictly regulated
Licence number
383/20
Check the register
AFSL 414530
Check the register
Clients this company serves
Residents of EU and EEA countries, through errante.eu
Australian residents
All licences held
  • CySEC (European Union)
  • FSA Seychelles (International)
  • ASIC (Australia)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • BaFin (Germany)
  • DFSA (Dubai (DIFC), UAE)
  • SCB (The Bahamas)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
Investor Compensation Fund (Cyprus) for eligible clients of Notely Trading Ltd; none for clients of the Seychelles company
FSCS up to £85,000 (UK); ICF up to €20,000 (Pepperstone EU); none for the Bahamas 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
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 (UK, EU, Australia)
Retail leverage by asset class
Not yet checked
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
100%
Not yet checked
Stop-out level
20%
50% (MT4 and MT5)

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
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Pepperstone platform
  • Mobile app
Markets
50+ currency pairs, metals, energies and commodities, indices, shares and cryptocurrency CFDs
90+ forex pairs, indices, commodities, share CFDs, ETFs, currency indices and crypto CFDs (not for UK retail)
Demo account
Yes
Yes
Copy trading
Yes
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
  • Bank wire (SWIFT and SEPA)
  • Debit and credit card
  • E-wallets
  • Cryptocurrency
  • Debit card
  • Credit card
  • Apple Pay
  • Google Pay
  • 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
Free by card, Apple Pay, Google Pay and bank transfer (UK)
Inactivity fee
$15 one-off, then $5 a month, after 150 days with no activity (Seychelles terms)
Not yet checked

Support

Customer support
24/7 support by live chat and email (support@errante.com)
24 hours Monday to Friday and 18 hours at weekends

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 by four strict regulators (ASIC, FCA, CySEC, BaFin), with retail money held in segregated accounts
  • Negative balance protection for retail clients
  • Razor account commission is published per currency (for example £2.25 per lot per side on GBP accounts)
  • No minimum deposit for bank transfers in the UK, and free withdrawals
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
  • Says Pepperstone Markets Kenya Limited holds CMA licence 128; we could not confirm it on the Capital Markets Authority register on 2026-10-20 because the CMA website was unavailable.
  • Says Pepperstone Financial Services LLC holds UAE CMA licence 20200000358 for introduction and financial consultation; we could not confirm it on the regulator's register on 2026-10-20.
  • Clients outside the UK, EU and Australia may be placed with the Bahamas company, which has no compensation scheme
  • Pepperstone publishes minimum spreads, not typical spreads; Pro clients lose negative balance protection

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.
  • Pepperstone: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and 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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