Errante Scam Alert | Why We Conclude Errante Is a Fraud Broker – Regulation Loopholes & Withdrawal Problems

1. Brand Background and Promotion

Full company name : Errante Securities Ltd
Official website : https://errante.com
Founded: 2019, headquartered in Cyprus.

Promotional Highlights

• Holds Cyprus CySEC license (No. 383/20) 👉 CySEC official website query

• Registered as an MSB with FinCEN in the United States 👉 FinCEN Lookup

• Provide foreign exchange, CFD, index, and cryptocurrency products.

• Publicize "EU compliance and fund security" to the outside world.

📌The problem is :

• Although CySEC regulation belongs to the EU, it provides limited protection for non-EU clients.

• MSB registration does not mean investment compliance and cannot provide financial security.

• A large number of users complained about difficulties in withdrawing cash, disappearing profits, and accounts being frozen for no reason.

II. Regulatory Truth and Loopholes

1. Limitations of CySEC Regulation

• CySEC regulation mainly covers EU clients.

• For customers in Asia, Africa and other regions, they are often transferred to unregulated entities.

• The Investor Compensation Facility (ICF) has a cap and the rights protection process is complicated.

2. Misleading MSB filing

• Errante is indeed registered with FinCEN MSB Search .

• However, MSB is only for payment filing and has nothing to do with investor fund protection.

• The platform promotes "US compliance", but this is actually misleading marketing.

3. Weakly regulated operations

• Non-EU client funds are transferred to offshore accounts and are not subject to CySEC regulations.

• The risks of profit and withdrawal are extremely high.

📌Summary : Errante’s regulatory packaging has serious loopholes, and overseas customer funds are actually unprotected.

3. Cases of investors not withdrawing funds and rights protection failures

Case 1: Trustpilot complaint

Trustpilot users say:

• Small withdrawals are arriving normally.

• When making large withdrawals, the platform requires "additional documents" and the review process can take up to several weeks.

• The funds were not received in the end.

Case 2: FX110 Exposure

User complaints on the FX110 exposure platform :

• Deposit $2,000 and profit $1,000.

• The withdrawal application was judged as an "abnormal transaction" and the profit was cleared.

• The principal will be returned and the profits will be confiscated directly.

Case 3: Negative WikiFX Reviews

WikiFX user feedback:

• The platform server often goes down.

• The transaction slippage is severe and the stop-loss function is ineffective.

• Withdrawal applications are often delayed indefinitely.

Case 4: Reddit user sharing

On the Reddit Forex forum:

• Users are required to pay a "handling fee" when withdrawing cash.

• Even after payment, the funds have not arrived.

• Customer service again asked for payment of "taxes and fees".

📌Routine summary :

1. Small amounts are normal → Large amounts are frozen.

2. Profits are cleared → Confiscated due to violations.

3. Repeated KYC → Infinite delay.

4. Second charge → defraud more funds.

👉 These characteristics are completely consistent with the fraud model of black platforms.

IV. Transaction Execution and Technical Issues

• Severe slippage : The spread widens to 40 pips during market fluctuations.

• Delayed execution : Stop-loss and take-profit orders often fail.

• EA restrictions : High-frequency trading strategies are rejected.

• Downtime issue : Unable to log in during key market periods.

📌Note : These issues indicate possible background intervention by the platform.

5. Agent Rebate and Expansion Model

• Errante relies on the IB rebate model to expand.

• The agent promises "guaranteed profit signals" and "high commissions".

• Investors are misled into depositing funds, and the platform and agents profit together.

6. Third-party media and community word-of-mouth

• WikiFX → Low risk score, indicating "Difficulty in Withdrawing".

• FX110 → Listed as a high-risk platform.

• TraderKnows → points out that CySEC’s regulatory coverage is limited and there are loopholes.

• Trustpilot → A large number of negative reviews focus on "no deposits and zero profits".

7. Why we believe Errante is a scam

1. Regulating false packaging

• CySEC regulation only covers certain clients, and non-EU clients are not protected.

• MSB filing has nothing to do with investment protection.

2. Frequent withdrawal disputes

• Most users failed to withdraw large amounts of cash.

• The profit funds were directly cleared to zero.

3. Suspected backstage manipulation

• Slippage, delays, and downtime are frequent.

• Profit liquidation indicates that the background is controllable.

4. Agent misleading

• The IB model increases risk.

5. Third-party evidence is consistent

• Trustpilot , WikiFX , and FX110 all have a large number of negative complaints.

👉Conclusion : Errante meets the typical characteristics of a black platform scam.

8. Investment Advice and Risk Warning

• Don’t be misled by the “CySEC+MSB compliance” propaganda.

• Before investing, you should:

• FCA official website

• ASIC official website
  Check the real license plate.

• It is recommended to choose highly regulated brokerages such as IG, CMC, Saxo, and Pepperstone .

IX. Risk Score (10-point scale + brief comment)

• Compliance : 4/10 — Limited CySEC coverage, no protection for non-EU clients.

• Fund Security : 2/10 — High failure rate for large withdrawals.

• Transaction transparency : 3/10 — Frequent cases of profit being wiped out.

• User reputation : 2/10 — Complaints are mainly about withdrawals.

• Customer Service : 5/10 – Quick responses but no real resolution.

• Overall score : 3.2/10 — Scam risk is significant.