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Head to head

Errante vs XM

Errante is licensed by CySEC in the European Union, and also has an offshore registration. XM is licensed by CySEC in the European Union, DFSA in the United Arab Emirates (DIFC) and FSCA in South Africa. 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 $5 at XM. Both offer negative balance protection and segregated client money.

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

Errante profileXM 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
XMStrictly regulatedRead the profile
Comparing
ErranteEuropean Union
XMEuropean Union

Overview

Founded
Not yet checked
2009
Headquarters
Mahé, Seychelles (EU company in Cyprus)
Not yet checked
Official websites
  • errante.com
  • errante.eu
  • xm.com
  • trading-point.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Notely Trading Ltd
Trading Point of Financial Instruments Ltd
Regulator
CySEC
European Union
CySEC
European Union
Regulation level
Strictly regulated
Strictly regulated
Licence number
383/20
Check the register
120/10
Check the register
Clients this company serves
Residents of EU and EEA countries, through errante.eu
Residents of EU and EEA countries (CySEC lists xm.com and trading-point.com as its approved domains)
All licences held
  • CySEC (European Union)
  • FSA Seychelles (International)
  • CySEC (European Union)
  • DFSA (United Arab Emirates (DIFC))
  • FSCA (South Africa)
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
ICF (Cyprus) for eligible clients of Trading Point of Financial Instruments Ltd; none named for XM Global Limited

Costs

Your monthly cost
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Cost per lot (EUR/USD)
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Spread from
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Typical EUR/USD spread
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Commission per lot (round turn)
No accounts listed
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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
Yes

Leverage and margin

Maximum retail leverage
Up to 1:1000 (Seychelles company); 1:30 on major pairs for EU retail clients
Up to 1:1000 (XM Global Limited); EU retail clients are limited to 1:30 on major pairs
Retail leverage by asset class
Not yet checked
Not yet checked
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
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Execution
No accounts listed
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Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Errante client portal app
  • MetaTrader 4
  • MetaTrader 5
  • XM App
Markets
50+ currency pairs, metals, energies and commodities, indices, shares and cryptocurrency CFDs
Currency pairs, indices, commodities and share CFDs; real shares on the Shares account
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
Not yet checked
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)
Not yet checked

Support

Customer support
24/7 support by live chat and email (support@errante.com)
Not yet checked

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
  • Low minimum deposit of $5 on the Standard and Ultra Low accounts
  • Negative balance protection on all accounts, according to XM's account page
  • EU clients can contract with a CySEC-licensed company (licence 120/10)
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
  • XM's global site names XM Global Limited, which it says is regulated by the FSC of Belize (licence 8557558). We could not confirm this licence on the Belize FSC's online register on 2026-10-20, so we do not list it.
  • Leverage of up to 1:1000 on the global site magnifies losses as much as gains
  • The Standard account is marketed with deposit bonuses; read the bonus terms before you accept one
  • XM no longer holds a UK licence (the FCA register shows its passport as cancelled) and its former Australian company now trades as Trading.com Markets

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.
  • XM: Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital.

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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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