Two ECN and ECN-adjacent brokers face off on regulation, costs, and platforms. The tension lies in platform breadth, investor protection, and instrument breadth.
Find out which broker best suits your trader profile.
Choose if…
Choose BlackBull Markets if you want MT4/MT5 and cTrader access.
Choose if…
Choose Errante if you value CySEC regulation with investor compensation and Pro ECN spreads.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.1/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5▲ | 4.0 / 5 |
Pros
Supports all three major platforms: MT4, MT5, and cTrader
Regulated under FSC, well-established for offshore clients
No minimum deposit on standard account
Good for Asia-Pacific timezone traders
Regulated by top-tier authorities (FCA, ASIC, CySEC)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | BlackBull Markets | Errante |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: BlackBull Markets rates 4.1/5 and Errante rates 3.8/5. BlackBull Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both BlackBull Markets and Errante start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
BlackBull Markets has no minimum deposit, while Errante requires at least $50. This makes BlackBull Markets more accessible for traders with limited starting capital.
Both BlackBull Markets and Errante hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: BlackBull Markets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
BlackBull Markets lists maximum leverage of 500:1, while Errante lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Errante charges $3 per lot, lower than BlackBull Markets's $6 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports TradingView, cTrader, DXtrade, MetaTrader 4, MetaTrader 5, while Errante supports MetaTrader 4, MetaTrader 5. Both provide MetaTrader 4 and MetaTrader 5. BlackBull Markets has exclusive access to TradingView and cTrader and DXtrade.
Both brokers offer spreads from 0.00 pips.
Errante wins safety with CySEC oversight and investor compensation.
BlackBull Markets leads active traders with advanced charting and broad instrument coverage.
Errante is better suited for scalpers: lower commission ($3/lot).
BlackBull offers MT4, MT5, and cTrader, more platform options than Errante.
BlackBull requires no minimum deposit on standard accounts, aiding beginners.
BlackBull offers about 26,000 instruments versus Errante's 200.
Fees & Spreads 30% weight | 4.3 / 5▲ | 4.2 / 5 |
|---|
Platforms & Tools 20% weight | 4.0 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5 | 3.9 / 5▲ |
|---|
| Founded | 2014 | 2017 |
|---|
| Headquarters | Auckland, New Zealand | Limassol, Cyprus |
|---|
| Min Deposit | No minimum▼ lower | $50 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $3/lot▼ lower |
|---|
| 0.6 pips | 0.3 pips▼ lower |
| Max Leverage | 500:1▲ higher | 30:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSC FMA | CySEC FSA Seychelles |
|---|
| Platforms | TradingView cTrader DXtrade MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
CySEC (440/23) regulation with ICF compensation up to EUR 20,000
$50 minimum deposit on standard account
Pro ECN account: 0.0 pip raw spreads at $3/lot commission
MT4 and MT5 available
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
ECN commission of $6/lot round-turn is above some peers
Customer support timezone is NZ-centric
Brand recognition outside APAC is limited
No investor compensation scheme
No proprietary platform
Cons
Small broker with limited balance sheet transparency
No cTrader, no TradingView integration
Research and educational content minimal
Non-EU clients on FSA Seychelles lighter framework
No proprietary platform
Limited charting capabilities
BlackBull Markets wins on editorial score; its broader platform support and much larger instrument universe beat Errante.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker