PatronFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.patronfx.com/eu/, the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP), to enhance the security of the company's address Lemesou Avenue 71, 2nd Floor, 2121, Aglantzia, Nicosia, Cyprus..
PatronFX Forex Broker
Basic information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing (STP) Suspicious Scope of Business High potential riskCompany profile
Founded by Forex TB Limited in 2015, PatronFX provides many trading assets, including forex, commodities, stocks, indices, CFDs, and cryptocurrencies with leverage up to 1:400 and spread of 3.0 pips on the Basic account via Web Trader and Web mobile platforms. Additionally, it is regulated by CySEC. However, its minimum deposit is as high as €250.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Wide spreads |
| Various trading assets | No MT4 or MT5 |
| Multiple account types | High minimum deposit |
| No commissions | |
| Popular payment options | |
| No deposit fees |
Is PatronFX Legit?
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | Licensed Number |
| The Cyprus Securities and Exchange Commission (CySEC) | Regulated | FOREX TB Ltd | Straight Through Processing (STP) | 272/15 |
What Can I Trade on PatronFX?
PatronFX provides more than 290 CFD assets, including Forex, commodities, stocks, indices, CFDs, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
PatronFX provides four account types: Basic, Gold, Platinum and VIP.
| Account Type | Min Deposit |
| Basic | €250 |
| Gold | €25,000 |
| Platinum | €100,000 |
| VIP | €250,000 |
Leverage
PatronFX's leverage is up to 1:400 for all account types, which is high, but you are always suggested to use leverage prudently since it amplies not only your gains, but also losses.
Spread and Commission
| Account Type | Spread | Commission |
| Basic | 3.0 pips | ❌ |
| Gold | 2.7 pips | ❌ |
| Platinum | 2.1 pips | ❌ |
| VIP | 1.6 pips | ❌ |
| Account Type | Basic | Gold | Platinum | VIP |
| EUR/USD | 3.0 pips | 2.7 pips | 2.1 pips | 1.6 pips |
| GBP/USD | 3.4 pips | 3.1 pips | 2.5 pips | 2.0 pips |
| USD/JPY | 3.3 pips | 3.0 pips | 2.4 pips | 1.9 pips |
| CRUDE OIL | $0.12 | $0.11 | $0.10 | $0.08 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| Web mobile | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Deposit Options
PatronFX supports deposits via credit/debit card, e-Wallets and wire transfer. The minimum deposit is €250 and there are no deposit fees.
Withdrawal Options
PatronFX supports withdrawal via wire transfer, credit cards, Skrill and Neteller.There is no minimum amount for withdrawals made to credit cards, Skrill or Neteller. However, minimum limits apply for withdrawals made by wire transfer: ₣100, $120, €100, £80, ₽7,000. Besides, withdrawal requests are processed within 24 business hours.
| Account Type | Withdrawal |
| Basic | 1 Free Withdrawal |
| Gold | 1 Monthly Free Withdrawal |
| Platinum | 3 Monthly Free Withdrawals |
| VIP | ❌ |
Rating Index
VIP
PLATINUM
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
Z 。
Vietnam
Spreads offered by Patron FX are wide, with eur/usd pair starts from 3.0 pips… Also insanely high minimum deposit requirements, with a Gold account from 25,000 euros… these scare me so much😂
Positive
2023-02-16
南山南7422
Australia
My friend told me that CYSEC is not a reliable regulator. Maybe it used to be, but now it's not so strict. Some scam companies are still under its supervision. To be on the safe side, I would not choose this company.
Neutral
2023-02-17