Score
PatronFX
Cyprus|5-10 years| https://www.patronfx.com/eu/
Website
Rating Index
Contact
Licenses
Licensed Institution：FOREX TB Ltd
License No.：272/15
Single Core
1G
40G
1M*ADSL
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
Basic information
Cyprus
Account Information
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Website
patronfx.com
Server Location
Poland
Website Domain Name
patronfx.com
Website
WHOIS.RRPPROXY.NET
Company
KEY-SYSTEMS GMBH
Domain Effective Date
2015-05-15
Server IP
91.192.224.142
Genealogy
VIP is not activated.Company Summary
| PatronFXReview Summary | |
| Founded | 2015 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC |
| Market Instruments | Forex, commodities, stocks, indices, CFDs, and cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:400 |
| EUR/USD Spread | 3.0 pips (Basic account) |
| Trading Platform | Web Trader and Web mobile |
| Min Deposit | €250 |
| Customer Support | 24/5 support |
| Email: info@patronfx.com | |
| Address: Lemesou Avenue 71, 2nd Floor, 2121, Aglantzia, Nicosia, Cyprus | |
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 | ❌ |
Keywords
- 5-10 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- Suspicious Scope of Business
- High potential risk
Disclosure
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney) Forex TB Ltd. (www.patronfx.com)
Country/Region
Disclosure time
2024-04-22
Disclose broker
CYSEC Board Decision
Country/Region
Disclosure time
2022-06-30
Disclose broker
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