Score
Patron FX
Cyprus|5-10 years| https://patronfx.com
Website
Rating Index
Contact
Licenses
Licensed Institution：FOREX TB Ltd
License No.：272/15
Basic information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing(STP) Suspicious Scope of Business Medium potential riskAccount Information
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Website
patronfx.com
Server Location
United States
Website Domain Name
patronfx.com
Website
WHOIS.RRPPROXY.NET
Company
KEY-SYSTEMS GMBH
Domain Effective Date
2015-05-15
Server IP
104.26.9.27
Company Summary
| Patron FXReview Summary | |
| Founded | 2015-05-15 |
| Registered Country/Region | Cyprus |
| Regulation | Unregulated |
| Market Instruments | CFDs(on Forex/Commodities/Stocks/Indices/Cryptocurrencies) |
| Demo Account | ❌ |
| Leverage | Up to 1:400 |
| Spread | From 1.6 PIPS |
| Trading Platform | WebTrader/CFDs trading platform(All versions) |
| Min Deposit | €250 |
| Customer Support | Email: info@patronfx.com |
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.
Keywords
- 5-10 years
- Regulated in Cyprus
- Straight Through Processing(STP)
- Suspicious Scope of Business
- Medium potential risk
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