Company Profile
Company Profile
Review summary
| PatronFX Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC |
| Market Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:30 (retail clients)/ 1:400 (pro clients) |
| EUR/USD Spread | 3.0 pips (Basic account) |
| Trading Platform | WebTrader, Mobile Web |
| Minimum Deposit | €250 |
| Customer Support | Phone: +357 22266707 |
| Email: compliance@forextb.com | |
| Address: Lemesou Avenue 138, 2nd Floor, Office 108, 2015 Strovolos, Nicosia, Cyprus | |
PatronFX Information
CySEC has given Forex TB Ltd. permission to run PatronFX since 2015. The company is based in Cyprus. The broker lets you trade CFDs on more than 270 assets, such as forex, indices, stocks, and cryptocurrencies. It has different account levels with flexible terms and conditions, and it mainly works in the EU and Switzerland.
Pros and Cons
| Pros | Cons |
| CySEC regulated | Limited to EU + Switzerland |
| Various trading instruments | Wide spreads |
| Multiple account types | High minimum deposit |
| Free withdrawals for higher-tier accounts | No live chat support |
Is PatronFX Legit?
Yes, PatronFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 272/15.
| Regulated by | Cyprus Securities and Exchange Commission (CySEC) |
| Licensed Institution | Forex TB Ltd |
| Current Status | Regulated |
| License Type | Straight Through Processing (STP) |
| License Number | 272/15 |
What Can I Trade on PatronFX?
PatronFX provides over 270 CFD instruments, including major and minor forex pairs, popular commodities, indices, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
PatronFX offers 4 types of real accounts and one demo account.
| Account Type | Minimum Deposit |
| Basic | €250 |
| Gold | €25,000 |
| Platinum | €100,000 |
| VIP | €250,000 |
Leverage
| Client Type | Maximum Leverage |
| Retail | 1:30 |
| Professional | 1:400 |
Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.
PatronFX Spreads
PatronFXs trading fees are higher than average for the Basic accounts but become more competitive with larger deposits.
| 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
PatronFX provides its WebTrader and Mobile Web App for users.
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Desktop, Web | / |
| Mobile Web App | ✔ | iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
PatronFX accepts payment via Vias, MasterCard, PayPal, Skrill, Neteller, MyBank, RapidTransfer, and PayByBank.
| Account Type | Free Withdrawal |
| Basic | 1 |
| Gold | 1/month |
| Platinum | 3/month |
| VIP | Unlimited |
