Errante does not have one maximum leverage figure. It has several, and the one you receive depends on the company that opens your account.
That is not a marketing trick, it is simply how multi-entity groups work. Two licensed companies carry the brand, each supervised in its own jurisdiction, each subject to different conduct rules, different leverage ceilings and different recourse routes. Choosing between them is rarely offered as a choice at signup, which is precisely why the distinction deserves attention before the first deposit rather than after a dispute.
The European-facing entity is Notely Trading Limited, authorised by the Cyprus Securities and Exchange Commission under licence number 383/20, registration number HE394425, with its registered office at 30 Karpenisiou, 1077 Nicosia. The company states that it operates under MiFID II and runs the errante.eu website.
The other entity is Errante Securities (Seychelles) Limited, regulated by the Seychelles Financial Services Authority under licence SD038, company number 8425493-1, with offices at Suite 18, Third Floor, Vairam Building, Providence, Mahe. It operates errante-global.com. The two are named on each other's legal pages, and their payment arrangements overlap, so a client can easily end up dealing with both without noticing.
Check which one is named in your client agreement. Everything else follows from that line.
Distribution rules differ as well. Through its CySEC licence, Notely lists cross-border passporting into Austria, Croatia, Germany, Greece, Ireland, Italy, Netherlands, Poland, Portugal and Spain, while both entities publish restricted country lists covering the United States, Canada, Japan, Iraq, North Korea, Syria and others. Residents of those countries should not be onboarded, which makes any approach from an affiliate targeting them a warning rather than an opportunity.
European leverage limits arrive as a tiered schedule rather than a single number, set out under the product intervention framework that took effect in August 2018 and later maintained through national measures.
Those ceilings apply to retail accounts. A client reclassified as professional or elective professional loses the protection by design, taking on higher permitted leverage and giving up access to the compensation arrangements described below. The reclassification forms are voluntary, and brokers are obliged to assess whether an applicant genuinely meets the criteria.
By contrast, the Seychelles entity does not publish a leverage ceiling on its licence page. Figures circulating in broker directories, including 1:500, could not be traced to any primary disclosure from the firm, so the honest position is to ask support directly and read the number shown in the trading terminal, then treat anything higher than the European tier as a structural change in what you are agreeing to.
Company-run loss disclosures are rare and worth reading literally. The Cyprus entity states that 44.30% of retail investor accounts lose money when trading CFDs with that provider.
Read what the figure measures and what it does not. It counts accounts, not people or capital, over the provider's own reporting window, and it says nothing about typical loss size. A majority of retail accounts at that firm do not lose money, and yet the largest single group of outcomes still runs negative, which is the ordinary shape of leveraged CFD trading rather than evidence about any particular strategy.
Comparisons work cleanly on one side of the group and not at all on the other. Cypriot investment firms are obliged to publish this disclosure, so a shopper can line up the same statistic across several European brokers in an afternoon. The 44.30% number belongs to Notely Trading Limited and describes clients of that entity only. No equivalent figure appears for the Seychelles company, meaning anyone weighing the two options against each other is weighing a published statistic against silence, and the silence is itself part of the comparison.
Publicity around this brand leans on platform breadth. Listed options include MetaTrader 4 and MetaTrader 5, cTrader and TradingView charting, with accounts tiered as Standard, Premium, VIP and Tailor Made.
Entry costs are low in advertised terms: the Standard tier is described with deposits starting at $50 and zero deposit fees, while the Tailor Made tier advertises spreads from 0.0 with bespoke conditions.
A zero figure in front of a spread rarely means free.
Ask before funding, not after.
Worked example: a 0.40 lot position on EUR/USD carries a notional of €40,000, and a single pip on that size moves roughly $4, so a 1.2 pip cost component equals about $4.80 per round trip on a trade whose margin at 30:1 sits near $1,333. Halving the leverage to 15:1 doubles the required margin and cuts the position size available for the same cash, which is the only lever a retail client actually controls in this equation.
European clients gain protections that carry measurable value. Cypriot investment firms contribute to the Investor Compensation Fund, which covers eligible claims up to €20,000 per claimant, and complaints that the firm does not resolve can go to the Cyprus Financial Ombudsman. Segregation rules require client money to sit apart from company funds.
Full transparency here requires asking rather than reading. Neither site publishes a line by line schedule covering overnight swaps, inactivity charges and withdrawal fees by method, so three questions belong in an email before you fund: what the swap rate is on the pair you intend to trade, what each withdrawal route costs, and whether a dormant account charge applies. Replies tend to arrive quickly. Getting them in writing is the point, because swaps accrue on every night you hold while a spread is paid once.
Costs you cannot see are still costs.
Clients of the Seychelles entity get none of those three. Their protections are whatever the company's own terms promise, enforced under Seychelles law, with no ombudsman waiting in the background.
A number on a marketing page can be stale by the time you read it, so read the margin instead. European rules also oblige firms to close positions once equity falls to 50% of required margin, and downstream entities set their own thresholds, so ask where yours sits before assuming the European safety net travels with the account.
Retail traders inside the European Union who want a complaint route and a compensation ceiling belong on the Cyprus entity, accepting leverage that European rules deliberately cap.
Anyone outside that perimeter lands on the Seychelles company by default, trading under conditions the firm sets itself. That arrangement is lawful and widely used, and it transfers the whole burden of counterparty assessment onto the client.
Scale makes the difference concrete. A $10,000 balance supports about $300,000 of notional exposure at 30:1, enough that a 0.3% adverse move erases roughly 10% of the account, while the same balance at 500:1 permits $5,000,000 of exposure where that move would wipe out everything and then some. Traders who reach for the higher ceiling usually discover they are not buying opportunity, they are buying the speed at which mistakes become permanent. Position sizing set from the stop distance, then checked against margin, works identically on both entities and is the only variable you fully control. Two clients can hold the same view on EUR/USD with the same starting balance and come away with completely different survivability, purely because of where they opened the account. The ceiling is set by whichever entity onboarded you, and reaching it lands exactly the same whether that limit came from a European rulebook or from the firm's own risk desk.
Choose the entity deliberately.
Having a licence number is the beginning of due diligence. Knowing which entity holds your deposit, and what that licence does and does not deliver, is the part that decides outcomes.