Two ECN-focused brokers compare on regulation, costs, and platform breadth. The matchup highlights differing strengths in oversight and platform options, inviting readers to weigh their priorities.
Find out which broker best suits your trader profile.
Choose if…
Choose Errante if you value phone support and a smaller instrument universe.
Choose if…
Choose FXOpen if you want advanced charting and a larger instrument base.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 3.8/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 4.5 / 5▲ |
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)
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Errante | FXOpen |
|---|---|---|
| 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) | Pass | 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 | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
The scores are close: Errante rates 3.8/5 and FXOpen rates 4.2/5. FXOpen 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 Errante and FXOpen start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Errante has $50, while FXOpen requires at least $100. This makes Errante more accessible for traders with limited starting capital.
Both Errante and FXOpen 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: Errante requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Errante lists maximum leverage of 30:1, while FXOpen lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both Errante and FXOpen charge the same commission of $3 per lot on applicable accounts.
Errante supports MetaTrader 4, MetaTrader 5, while FXOpen supports cTrader, MetaTrader 4, MetaTrader 5. Both provide MetaTrader 4 and MetaTrader 5. FXOpen has exclusive access to cTrader.
Both brokers offer spreads from 0.00 pips.
FXOpen wins for safety & regulation with FCA, CySEC, and ASIC oversight and segregated client funds.
FXOpen wins for active traders with low ECN commissions and a broad instrument universe.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
FXOpen wins for platform choice with MT4, MT5, and cTrader availability.
Errante is better for beginners due to the lower $50 minimum deposit.
FXOpen wins for instrument variety with about 700 markets versus 200.
Fees & Spreads 30% weight | 4.2 / 5 | 4.8 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 4.4 / 5▲ |
|---|
Customer Support 10% weight | 3.9 / 5 | 4.0 / 5▲ |
|---|
| Founded | 2017 | 2003 |
|---|
| Headquarters | Limassol, Cyprus | London, United Kingdom |
|---|
| Min Deposit | $50▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $3/lot | $3/lot |
|---|
| 0.3 pips | 0.3 pips |
| Max Leverage | 30:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardSkrillNetellerCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNetellerCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FSA Seychelles | CySEC FCA ASIC |
|---|
| Platforms | MetaTrader 4 MetaTrader 5 | cTrader MetaTrader 4 MetaTrader 5 |
|---|
| Active bonuses |
|---|
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
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
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
Multilingual customer support
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
Cons
$100 minimum deposit on ECN accounts
Less brand recognition than larger competitors
Customer support coverage narrower than global tier-1 brokers
No proprietary platform
No phone support
FXOpen wins on editorial score thanks to triple regulation (FCA, CySEC, ASIC) and a broader platform mix (MT4, MT5, cTrader) with wider instrument coverage. Errante remains a solid CySEC ECN option with a low $50 minimum.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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