PatronFX Review

Based in Nicosia, Cyprus, PatronFX is a regulated online brokerage firm that allows clients to trade on over 270 financial instruments from different asset classes, such as forex, commodities, stocks, indices, CFDs, and cryptocurrencies They provide very competitive trading conditions on the award-winning MT4 trading platform for various devices and their proprietary PatronFX trading platform. The broker offers multiple account options for you to choose from along with advanced trading tools, educational resources and prompt customer support. The PatronFX website is available in English, German, Dutch, Polish and Italian.

Pros / Cons
  • Over 270 tradable instruments
  • Powerful & sophisticated trading platforms
  • A range of trading tools
  • A selection of educational resources
  • Trading Central for indepth market analysis
  • Commission free accounts
  • Accepts traders within the European Economic Area (excluding Belgium) & Switzerland
  • No USA traders
  • Limited account funding options

In this detailed PatronFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

PatronFX Overview

PatronFX is an established and regulated financial services provider that operates from Cyprus, offering multiple tradable assets for commission free online trading via a range of sophisticated and powerful trading platforms. Traders are also provided with a range of useful trading tools and multiple educational resources, while a client support team is available to assist them. The broker offers a variety of trading account options to suit different trader needs, with a required minimum deposit of 250 EUR, leverage of up to 1:400, and low spreads starting from 1.4 pips.

PatronFX Regulation

PatronFX brand is operated by Forex TB Limited, a Cyprus Investment Firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 272/15.

The Cyprus Securities Exchange Commission, or just CySEC, is the regulatory body for the financial industry. Its mission is to provide effective supervision to ensure trader protection. It is an independent regulatory authority that controls investment services and transactions in transferable securities carried out in Cyprus.

Using a regulated broker can help to protect clients should something go wrong. CySEC offers additional security and ensure that a broker must operate in a fair and transparent manner.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PatronFX Countries

Forex TB Limited offers services within the European Economic Area (excluding Belgium) and Switzerland. They do not accept trades in the USA.

Some PatronFX features and products mentioned within this PatronFX review may not be available to traders from certain countries because of legal restrictions.

PatronFX Platforms

The broker provides traders with the MetaTrader 4 (MT4) platform and their proprietary trading platforms. The MT4 platform was built in 2005 by the Russian Software Company, MetaQuotes. It is widely used across the globe by millions of forex and CFD traders due to its intuitive and simple interface.

PatronFX MetaTrader 4 Platform

PatronFX MetaTrader 4 Platform

MT4 is equipped with a range of useful features, such as one-click trading and support for automated trading using expert advisors (EAs). You can view real time price quotes of over 270 instruments. The platform has a plethora of built-in trading tools for conducting thorough market analysis across multiple chart timeframes. The MT4 platform is available in desktop, web, and mobile versions.

The PatronFX trading platform comes as a WebTrader that can run directly on modern web browsers without needing any downloads or installations. It also has a mobile version that is designed for smartphone devices running on Android and iOS.

PatronFX Trading Platform

PatronFX Trading Platform

PatronFX Trading Tools

In addition to the trading tools built into the provided trading platforms, the broker also offers some useful standalone trading tools to enhance their trading experience. These include Trading Central, Technical and Fundamental Analysis, Economic Calendar, and more.

PatronFX Trading Central

PatronFX Trading Central

Trading Central is a leading investment research provider to financial market professionals. They have technical strategies that cover equity, index, forex, commodities and fixed-income markets. Clients get access to Trading Central’s analyst views, daily market analysis, economic insights, featured ideas, strategy newsletters, market buzz, research platform and web TV.

PatronFX Trading Central Market Buzz

PatronFX Trading Central Market Buzz

Powered by Trading Central’s natural language processing and artificial intelligence, Market Buzz is a revolutionary artificial intelligence (AI) news desk that helps to filter the market information to the relevant information that matters most to you.

PatronFX Education

Educational resources help to improve the trading skills and knowledge of clients, and the broker’s website has a selection of educational materials, including Videos on Demand, Glossary, Webinars, E-Books, and Market News. There is also a frequently asked questions (FAQ) section that gives instant answers to clients’ most common questions.

PatronFX Trading Tools & Market Analysis

PatronFX Trading Tools & Market Analysis

PatronFX Instruments

PatronFX offers a generous selection of over 270 tradable assets, across the forex, commodity, stock, indices, CFD, and cryptocurrency markets. Whatever your preferences, there is something for everyone to trade.

PatronFX Accounts & Fees

The broker offers the following trading account options to clients: Basic, Gold, Platinum, and VIP accounts. There is a minimum required deposit that ranges from 250 EUR on the Basic Account to 250,000 EUR on the VIP Account. The spreads are low with no commission on forex instruments, whilst there is a leverage of up to 1:30 and 1:400 for retail and professional clients respectively. Demo accounts are also available for practice purposes. They can be a great way to familiarise yourself with the PatronFX trading platform and conditions.

PatronFX Account Types

PatronFX Account Types

As broker fees can vary and change, there may be additional fees that are not listed in this PatronFX review. It is imperative to ensure that you check and understand all of the latest information before you open a PatronFX broker account for online trading.

PatronFX Support

The broker’s customer support is on hand to respond to clients’ inquiries via telephone and Live Chat. They can be reached via telephone: +357 2 526 2681 and email: The PatronFX customer support team is prompt, polite and efficient in their responses.

They will be happy to answer any general, technical or account relate questions that you may have.

PatronFX Deposit & Withdrawal

Traders can conveniently deposit and withdraw funds using any of the following payment methods:

  • Credit/Debit cards
  • Electronic payments
  • Wire transfer

PatronFX Account Opening

To open an account, click on the ‘Sign Up’ tab on the PatronFX website, fill out the form, and submit and wait for approval. The accounts team should respond within 24 hours. You will need to provide some form of identification such as a passport or driver’s license and verify your address with a bank statement or utility bill. This is a normal part of the know your customer (KYC) procedure when dealing with a regulated brokerage firm. Once your account has been created, you can fund it and start trading when you feel ready to do so. The customer support team is on hand to assist if you need any help during the process.

PatronFX Account Opening Page

PatronFX Account Opening Page

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

PatronFX Summary

PatronFX is a regulated online trading broker that is based in Nicosia, Cyprus. The broker offers over 270 financial assets for online trading with competitive conditions via the user-friendly MetaTrader 4 platforms and their very own proprietary platform. There are multiple account options to choose from which cater to the needs of different traders. The broker welcomes clients of all experience levels, with free demo accounts provided if you wish to practice trading online. In addition to this, traders are provided with multiple trading tools and educational resources, including the powerful Trading Central market analysis software. Finally, a friendly client support team is available to assist clients as and when required.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

PatronFX Logo

Min $250 Deposit

Based in Cyprus, PatronFX is a regulated trading broker that allows clients to trade with competitive trading conditions on over 270 financial instruments from different asset classes, such as Forex, Commodities, Stocks, Indices, CFDs & Cryptocurrencies.