Errante Rebates | Errante Review
Errante reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
- Excellent copy trading platform.
- Complete range of asset classes (including cryptos).
- Multiple funding methods (including popular cryptocurrencies).
- Competitive pricing, leverage up to 500:1 (subject to jurisdiction).
We start our Errante review with a quick analysis of the overall ratings given by our industry experts for this Cyprus-based CFDs broker.
Errante Overall rating
| Rating | Weight | |
| Popularity |
3.6
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
4.2
|
1 |
| Real customer rating |
Not rated
|
3 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Errante pricing: the broker scores 4.2 out of 5 for the competitive cost of trading with its Tailor Made account. The starting spread for the EUR/USD, for example, is 0.0 pip, with an industry-average trading commission of $3.5 per side, per lot. For investors looking to trade with only the bid/ask prices, Errante proposes its VIP account, with the EUR/USD spread starting at 0.8 pip and no trading commissions.
Errante regulations: the broker scores an excellent 5 out of 5, with one entity regulated by the tier-1 financial authority Cyprus Securities & Exchange Commission (CySEC), offering adequate retail trader protection mechanisms. Errante has also an entity regulated by the Seychelles Financial Services Authority (FSA), catering for traders looking for higher leverage limits.
Errante popularity: the broker is currently scoring above average, but some of its unique features have the potential to increase its popularity with the trading community to new levels. And one of its unique features is accepting popular cryptos for deposits/withdrawals (BTC, ETH, XRP and USDT) with 0 deposit/withdrawal fees.
Errante can also be a valid alternative for investors looking for a crypto CFDs broker. Offering 27 crypto CFDs for trading, the highlight goes to the BTC/USD pair with competitive spreads and 24/7 trading. Errante has also other popular cryptos versus the USD, including Avalanche, Ripple, Polkadot, Monero and Tron. Please note that the crypto CFDs offering is not available to traders registering an account with Errante's European entity.
Errante user rating: currently, Errante receives a neutral score, as we still don’t have any user feedback from verified traders with a real trading account.
Errante Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Notely Trading Limited |
|
up to €20,000
|
|
|
30 : 1 | |
| Errante Securities (Seychelles) Ltd |
|
 |
|
|
500 : 1 |
Errante Cyprus regulation: Notely Trading Limited, is incorporated in Cyprus as a CIF company (Cyprus Investment Firm), with registration number HE394425. With a registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus, this entity is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 383/20.
Errante Seychelles regulation: Errante Securities (Seychelles) Limited is incorporated in Seychelles with a registered office at Suite 205, Second Floor, Waterside Property, Eden Island, Mahe, Seychelles. This entity is regulated by the Seychelles Financial Services Authority (FSA) with a Securities Dealer licence, number SD038.
Client Money Protection
Errante complies with the highest safety standards regarding clients' funds, by offering segregated accounts. Errante clients' funds are kept fully segregated from the company's funds, in top-tier international banks.
Regulatory Deposit Insurance
Only the entity Notely Trading Limited offers regulatory deposit insurance. This entity is a member of the ICF, an investor compensation fund for clients of CIF companies, regulated by the CySEC’s directive DI87-07. Clients of CySEC-regulated firms might be entitled to compensation up to the value of €20,000 per claim.
Negative Balance Protection
All of the Errante group entities have an NBP mechanism in place, by default, protecting traders from any losses bigger than their original investments.
Errante Cashback rebates
| Standard | Premium | VIP | Tailor Made | |
| Forex | $4.50 Per Lot | $3.00 Per Lot | $1.50 Per Lot | $1.00 Per Lot |
| Oil / Energies | $7.50 Per Lot | $5.00 Per Lot | $2.50 Per Lot | $1.50 Per Lot |
| Metals | Up to $10.00 Per Lot | Up to $6.00 Per Lot | Up to $3.00 Per Lot | Up to $1.50 Per Lot |
| Shares / Equities | $0.25 Per Lot | $0.25 Per Lot | $0.13 Per Lot | $0.10 Per Lot |
| Indices | $0.15 Per Lot | $0.13 Per Lot | $0.08 Per Lot | $0.05 Per Lot |
| Soft commodities (coffee,sugar...) | $4.50 Per Lot | $3.00 Per Lot | $1.50 Per Lot | $1.00 Per Lot |
| Cryptocurrencies | Up to $1.50 Per Lot | Up to $1.50 Per Lot | Up to $1.00 Per Lot | Up to $0.50 Per Lot |
| Payment Options |
Monthly Cash Back
| |||
| Standard | |
| Forex | $4.50 Per Lot |
| Oil / Energies | $7.50 Per Lot |
| Metals | Up to $10.00 Per Lot |
| Shares / Equities | $0.25 Per Lot |
| Indices | $0.15 Per Lot |
| Soft commodities (coffee,sugar...) | $4.50 Per Lot |
| Cryptocurrencies | Up to $1.50 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Premium | |
| Forex | $3.00 Per Lot |
| Oil / Energies | $5.00 Per Lot |
| Metals | Up to $6.00 Per Lot |
| Shares / Equities | $0.25 Per Lot |
| Indices | $0.13 Per Lot |
| Soft commodities (coffee,sugar...) | $3.00 Per Lot |
| Cryptocurrencies | Up to $1.50 Per Lot |
| Payment Options |
Monthly Cash Back
|
| VIP | |
| Forex | $1.50 Per Lot |
| Oil / Energies | $2.50 Per Lot |
| Metals | Up to $3.00 Per Lot |
| Shares / Equities | $0.13 Per Lot |
| Indices | $0.08 Per Lot |
| Soft commodities (coffee,sugar...) | $1.50 Per Lot |
| Cryptocurrencies | Up to $1.00 Per Lot |
| Payment Options |
Monthly Cash Back
|
| Tailor Made | |
| Forex | $1.00 Per Lot |
| Oil / Energies | $1.50 Per Lot |
| Metals | Up to $1.50 Per Lot |
| Shares / Equities | $0.10 Per Lot |
| Indices | $0.05 Per Lot |
| Soft commodities (coffee,sugar...) | $1.00 Per Lot |
| Cryptocurrencies | Up to $0.50 Per Lot |
| Payment Options |
Monthly Cash Back
|
What are Errante rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do Errante rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much Errante rebates can I earn?
Are Errante rebates a scam; do my spreads increase?
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are there any other benefits to signing up for Errante rebates?
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
| Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
| Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
| Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
Errante Web traffic
| Websites |
myportal.errante.com
|
| Organic monthly visits | 42,308 (100%) |
| Organic traffic rank | 219 out of 1759 (Forex Brokers) |
| Paid monthly visits | 0 (0%) |
| Total monthly visits | 42,308 |
| Bounce rate | 14% |
| Pages per visit | 5.37 |
| Average visit duration | 00:14:22.1720000 |
Errante Profile
| Company Name | Errante Securities (Seychelles) Ltd, Notely Trading Limited |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2019 |
| Headquarters | Seychelles |
| Office Locations | Cyprus, Malaysia, Seychelles, Vietnam |
| Account Currency | EUR, USD |
| Support Languages | Arabic, English, Hindi, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Farsi |
| Funding Methods | Bank Wire, Bitcoin, CashU, Credit/Debit Card, Neteller, Perfect Money, Skrill, SticPay, Ethereum, AdvCash, Tether (USDT), Ripple |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...) |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
Errante is a global and multi-award-winning retail broker, regulated and adopts the best practices regarding client funds' safety. Errante is committed to providing industry-leading trading services and building lasting and trusting relationships with clients.
Errante’s management team is a group of industry experts with decades of experience. At the cornerstone of Errante’s business philosophy are the strong qualities of honesty, transparency and integrity.
Trading can be done via the MT4, MT5 & cTrader platforms and traders can also find free education materials, trade FX pairs, spot metals, shares, indices, energy & commodity assets and cryptocurrencies (subject to jurisdiction).
Errante’s clients can benefit from tight spreads and fast execution times, merged with competitive pricing, including 0 fees for deposits/withdrawals.
Errante Asset classes
Errante proposes a curated selection of 140+ CFDs, providing traders with access to multi-asset trading. All of Errante’s trading platforms (MT4, MT5 & cTrader) are available for desktop and mobile devices running on iOS and Android operating systems.
Currencies: 50+ pairs, including Minor and Exotic crosses.
Cryptocurrencies: 27 cryptocurrencies CFDs versus the USD, including AVAX/USD, AXS/USD, BTC/USD, ETH/USD, XMR/USD, OMG/USD and XRP/USD.
Commodities: 14 commodities CFDs, divided into 6 metals (Silver and Gold included), 3 energies (UK Oil, US Oil and Nat Gas) and 5 commodities futures including Sugar, Coffee, Cotton and Cocoa.
Indices: 9 CFDs including the most liquid indices, such as AU200, GER30, UK100, US30 and NIKKEI225.
Stocks: 60+ stocks CFDs (and paying dividends) from the top US and European companies and banks, including Amazon, Apple, Boeing, Ferrari, Deutsche Bank AG, Air France, BBVA, and many more.
Errante Account types
| Standard | Premium | VIP | Tailor Made | |
| Commission | - | USD $7.00 Per Lot | ||
| Maximum leverage | 500:1 | Custom | ||
| Mobile Platform | cTrader Mobile, MT4 Mobile, MT5 Mobile | |||
| Trading Platform | cTrader, MT4, MT5 | |||
| Spread Type | Variable Spread | |||
| Minimum Deposit | 50 | 1000 | 5000 | 15000 |
| Minimum Trade Size | 0.01 | |||
| Trailing Stops | | |||
| Scalping Allowed | | |||
| Hedging Allowed | | |||
| Islamic Accounts | | |||
| Standard | |
| Maximum leverage | 500:1 |
| Trading platform | cTraderMT4MT5 |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Premium | |
| Maximum leverage | 500:1 |
| Trading platform | cTraderMT4MT5 |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 1000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| VIP | |
| Maximum leverage | 500:1 |
| Trading platform | cTraderMT4MT5 |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 5000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Tailor Made | |
| Commission | USD $7.00 Per Lot |
| Maximum leverage | Custom |
| Trading platform | cTraderMT4MT5 |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 15000 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
Errante offers up to four trading accounts, packed with both MetaQuotes trading platforms and cTrader (the range of available assets may vary). Errante proposes its starting account, the Standard account, with spreads from 1.5, no trading commissions, and a minimum deposit of $50.
Errante rewards investors with higher account balances, with better pricing. The Premium account requires an initial minimum deposit of $ 1,000 and is offered with variable spreads from 1.0 pip and also no trading commissions.
Investors opening a VIP account will be required to fund the account with an initial deposit of $5,000 and will benefit from lower spreads starting at 0.8 pip, also with 0 trading commissions.
Errante’s flagship Tailor Made account was developed for serious investors (minimum deposit is $15,000) and traders can benefit from lower spreads, starting at 0.0 pip, but paying a trading commission of $3.5 per side, per lot. Also, lower leverage limits on the Tailor Made account may apply.
Within Errante's range of accounts, it is also worth mentioning the other account features offered by the broker:
Swap-free accounts for traders of Islamic belief are also available.
Social trading, including copy trading, is offered for investors and signal providers via the Errante CopyTrade.
PAMM accounts and MAM accounts (Multi-Account Manager) are also available for money managers, with a single centralised interface. More details on Errante's MAM accounts web page.
Errante leverage ratios are up to 500:1 for accounts opened with the Seychelles FSA-regulated entity and up to 30:1 for accounts opened with the Cyprus CySEC-regulated entity.
Errante Demo account
Errante demo account gives users the chance to test the broker's pricing and execution on several asset classes, without risking any real money.
The demo account expires after 30 days
Virtual funds up to $100,000
Leverage up to 500:1
Register for free and test your trading strategies, open a Errante demo trading account with no risk and no obligation now.
Errante Pricing
| Account/Pricing | Standard | Premium | VIP | Tailor Made |
|---|---|---|---|---|
| EUR/USD spread | from 1.5 pip | from 1.0 pip | from 0.8 pip | from 0.0 pip |
| EUR/USD commission 1 lot | $0 | $0 | $0 | $7 |
| EUR/USD swap rate 1 lot (23-03-2023) in points |
|
|||
Spreads and trading commissions
For our Errante price comparison table, we use the EUR/USD pair as the benchmark, for its popularity with traders and because it is also the most traded FX pair.
Errante Standard account spread starts at 1.5 pip (variable), and trading is commission-free.
Errante Premium account spread starts at 1.0 pip (also variable), and also here, trading is commission-free.
Errante VIP account spread starts at 0.8 pip (also variable), and again, trading is commission-free.
Errante Tailor Made account spread starts at 0.0 pip (also variable), and a trading commission of $3.5 per side, per lot, is charged ($7 in total per lot).
Errante’s range of trading accounts (except the Tailor Made account) and its pricing structure can represent the ideal solution for investors looking to trade with only the bid/ask prices, without added trading commissions.
Rollover rates
Errante swap rates, as of 23-03-2023, for 1 lot EUR/USD (100,000 units) are -0.91 points for holding a long 1 lot position overnight and +0.45 for holding a short 1 lot position overnight.
The 3-day swap rate is charged on Wednesdays at midnight server time (GMT+3).
Errante Deposits / Withdrawals
Errante proposes its trading accounts, Standard, Premium, VIP and Tailor Made, in just a couple of base currencies. The broker provides multiple funding methods, including the most popular e-wallets and a few selected cryptocurrencies:
Account currencies: USD, EUR.
Standard account minimum deposit: 50 EUR/USD.
Premium account minimum deposit: 1,000 EUR/USD.
VIP account minimum deposit: 5,000 EUR/USD.
Tailor Made account minimum deposit: 15,000 EUR/USD.
Funding methods: Bank Transfer, Visa/MasterCard, Neteller, Sticpay, Skrill, Perfect Money, Advcash, CashU, BTC, ETH, XRP, USDT (crypto deposits are subject to jurisdiction).
Deposit fees: Errante does not charge fees for deposits.
Deposit processing times: from instant to 4 hours (bank wires 2 to 5 working days).
Withdrawal fees: Errante does not charge fees for withdrawals. However, the receiver’s bank and other payment processors might charge commissions.
Withdrawal processing times: variable, from instant to 1 day (bank wires 2 to 5 working days).
Inactivity fee: Errante reserves the right to charge an inactivity fee ($5/€5) for accounts deemed dormant after 12 months without any activity (no log-in or trading or internal transfer within the accounts). There will be no charges if the free margin in the account is zero.
For more information, please visit the Errante deposit and withdrawals web page, or log in to your Errante Client Portal.
Errante Popularity
Operating at the highest level of transparency, Errante employs the latest security protocols to ensure maximum protection for client funds and a smooth trading experience. With this approach Errante's popularity is steadily growing with the retail trading community, and also for its many great features:
Client safety mechanisms: segregated client money, negative balance protection offered by default and regulatory deposit insurance (subject to jurisdiction).
Competitive pricing: variable spreads from 0.0 pip on the Tailor Made account, no trading commissions on the Standard, Premium and VIP accounts and no fees on deposits/withdrawals.
Execution model: MM.
Trading education: educational videos, market analysis, webinars.
Customer support languages: English, Spanish, Arabic, Portuguese, Malay, Russian, Hindi, Thai, Persian, Indonesian, Italian and Vietnamese.
Overall, the curated range of trading instruments available for trading, the competitive pricing of the Tailor Made account, the fast execution times, merged with the attractive zero-fees on deposits/withdrawals policy, position Errante on the top 10 brokers for popularity with traders opening a trading account in 2023.
Errante FAQs
- Is Errante a regulated retail forex broker?
- What is Errante's minimum deposit?
- What is Errante's maximum forex leverage?
- Can I earn rebates with Errante?
- What funding methods are accepted by Errante?
- What account currencies are available with Errante?
- What trading platforms are available with Errante?
- Does Errante offer Cent accounts?
- Does Errante have negative balance protection?
- Does Errante have regulatory deposit insurance?
- Does Errante have swap-free accounts for traders of Islamic belief?
- Does Errante accept applications from residents in Japan?
- Does Errante accept applications from residents in Canada?
- Does Errante allow scalping trading?
- What is Errante's execution model?
- Does Errante have mobile trading platforms?
- Does Errante have a trading API?
- Does Errante pay interest on margin?
- What types of spreads are Errante's spreads?
Is Errante a regulated retail forex broker?
Yes, Errante is a regulated forex broker. The broker is authorised and supervised in Europe by the Cyprus CySEC, and also by the Seychelles FSA, for the international clientele.
What is Errante's minimum deposit?
Errante's minimum deposit varies, depending on the account chosen. For the Standard account, the minimum deposit is 50 USD/EUR. The Premium account minimum deposit is 1,000 USD/EUR. The VIP account’s minimum deposit is 5,000 USD/EUR and for the Tailor Made account is 15,000 USD/EUR.
What is Errante's maximum forex leverage?
Errante's maximum forex leverage ratio for accounts opened with the CySEC-regulated entity is up to 30:1. For accounts opened with Seychelles’ FSA-regulated entity is up to 500:1.
Can I earn rebates with Errante?
Yes, traders can earn rebates from trading with Errante. Please check the cashback rebates section.
What funding methods are accepted by Errante?
Errante accepts account deposits with bank wires, Visa/MasterCard, Neteller, Sticpay, Skrill, Perfect Money, Advcash, CashU, BTC, ETH, XRP and USDT (crypto deposits are subject to jurisdiction).
What account currencies are available with Errante?
Traders can open a trading account in EUR and USD only.
What trading platforms are available with Errante?
Investors can trade the markets via the MetaTrader 4 & 5 and cTrader platforms. Asset classes may vary depending on the chosen platform.
Does Errante offer Cent accounts?
No, Errante does not have Cent accounts.
Does Errante have negative balance protection?
Yes, Errante has negative balance protection for traders opening an account with any of its regulated entities.
Does Errante have regulatory deposit insurance?
Yes, Errante has regulatory deposit insurance for traders opening an account with the Cyprus CySEC-regulated entity. Retail traders’ deposits are covered up to €20,000 per claim.
Does Errante have swap-free accounts for traders of Islamic belief?
Yes, Errante has swap-free accounts for traders of the Islamic religion. Terms and conditions apply.
Does Errante accept applications from residents in Japan?
No, Errante does not accept applications from residents in Japan.
Does Errante accept applications from residents in Canada?
No, Errante does not accept applications from residents in Canada.
Does Errante allow scalping trading?
Yes, Errante allows scalping trading. And with its reliable data servers and fast execution speeds, can be a good alternative for scalpers.
What is Errante's execution model?
Errante’s execution model is MM (Market Maker).
Does Errante have mobile trading platforms?
Yes, Errante serves its clients with the MT4/MT5 & cTrader platforms, available for mobile devices running on iOS and Android operating systems.
Does Errante have a trading API?
Yes, Errante has a trading API.
Does Errante pay interest on margin?
No, Errante does not pay any interest on margin.
What type of spreads are Errante's spreads?
Errante’s spreads are variable (from 0.0 pip) – fixed spread accounts are currently not offered.
Errante Real customer rating
Errante reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
Currently, we do not have enough data from Errante's verified customers, with real trading accounts, to analyse and publish its client's feedback. We will update this user rating section soon.
Review sources
With an industry presence spanning more than 10 years, we are a leading IB broker of forex and CFDs trading accounts to virtually all of the world's top brokers. One of our primary missions is also to help the trading community make informed decisions, by publishing accurate and unbiased content, supported mainly by primary sources.
These sources may include government data, the information supplied by the broker and data available on the broker's corporate website(s), the analysis and reviews of our in-house industry experts, and the feedback provided by the broker’s verified traders with a live account. The information on this Errante review page was also sourced from:
Cyprus Securities and Exchange Commission website, Notely Trading Limited, company details page.
Seychelles Financial Services Authority website, Errante Securities (Seychelles) Limited, company details page.
Errante global website, Trading Accounts, trading accounts comparison page.
Errante global website, Contracts Specs, financial instruments specifications page.
Errante global website, Help Centre, frequently asked questions page.
FXverify website, Errante user reviews by verified traders with a live account, reviews page.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Check the Errante website, for the percentage (%) of retail investor accounts which lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.