PatronFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-10 15:51

Abstract：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.

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.