Patron FX Forex broker specializes in providing foreign exchange trading services, the company's official website https://patronfx.com, the company's legitimate regulatory information CyprusCYSECStraight Through Processing(STP), to enhance the security of the company's address .
Patron FX Forex Broker
Basic information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing(STP) Suspicious Scope of Business Medium potential riskCompany profile
Patron FX Information
Patron FX is a regulated broker. Trading access with PatronFX to more than 290 CFD assets, including top Forex pairs like EUR/USD, commodities like Gold, stocks from giants like Apple and Facebook, indices, and cryptocurrencies. The broker also provides basic, gold, platinum, and VIP accounts. The minimum spread is 1.6 pips and the minimum deposit is €250. However, risks cannot be completely avoided.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Demo account unavailable |
| 24/5 customer support | MT4/MT5 unavailable |
| Regulated | No 24/7 customer support |
| Various tradable instruments | |
| Commission free |
Is Patron FX Legit?
Patron FX is regulated by the Cyprus Securities and Exchange Commission with license number 272/15, making it much safer than unregulated brokers.
What Can I Trade on Patron FX?
Patron FX offers a wide range of market instruments, including CFDs on the major financial markets: Forex, Stocks, Indices, Commodities, and Cryptocurrencies.
| Tradable Instruments | Supported |
| Forex CFDs | ✔ |
| Commodities CFDs | ✔ |
| Stocks CFDs | ✔ |
| Indices CFDs | ✔ |
| Cryptocurrencies CFDs | ✔ |
Account Type
Patron FX has four account types: basic, gold, platinum, and VIP. Traders who want low spreads can choose a VIP account, while those with a small budget can open a basic account.
| Account Type | Basic | Gold | Platinum | VIP |
| Spread as low as(EUR/USD) | 3.0 PIPS | 2.7 PIPS | 2.1 PIPS | 1.6 PIPS |
| Leverage | Up to 1:400 | Up to 1:400 | Up to 1:400 | Up to 1:400 |
| Minimum Deposit | €250 | €25000 | €100000 | €250000 |
Patron FX Fees
The spread is as low as 1.6 PIPS, the commission is 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
Trading Platform
Patron FX provides a propriety WebTradertrading platform available on desktop and mobile to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported | Available Devices |
| WebTrader | ✔ | All versions |
| CFDs trading platform | ✔ | All versions |
Deposit and Withdrawal
The minimum deposit is €250. Patron FX accepts PayByBank, Eps, Euteller, Bank Transfer, Giropay, Deal, MyBank, Neteller, PayPal, Przelewy, Rapio, Skrill, Sofort, Visa, and Mastercard for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
Rating Index
VIP
PLATINUM
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Latest Reviews
FX1048710259
Mexico
I have been trading with this company for 2 months and so far I am satisfied and will continue to trade. I can trade the financial instruments I like! Also, the various educational resources they provided helped me a lot as well.
Positive
2022-11-27
僤纯┰dê僾℡╮
Thailand
So far so good, I haven’t invested much yet as I am not quite sure what this platform can bring me. Educational resources on this platform are outstanding, while its customer support can not be said as “excellent”…
Neutral
2022-11-23
FX1296817054
United Kingdom
Really good experience with Patron FX. Low spreads with prominent trading services and support from experts. I recommend this broker to everyone.
Neutral
2023-02-28