PatronFX-Some Important Points about the Broker

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

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.

Account Type

PatronFX provides four account types: Basic, Gold, Platinum and VIP.

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

Trading Platform

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.