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Score

2.43 /10
Danger

PatronFX

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing (STP)

MT4 Full License

Global Business

High potential risk

https://www.patronfx.com/eu

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Score

Regulatory Index3.51

Business Index8.00

Risk Management Index0.00

Software Index9.26

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Danger

PL KNF
2024-04-22
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney) Forex TB Ltd. (www.patronfx.com)
PatronFX

Sanction

CY CYSEC
2022-06-30
CYSEC Board Decision
PatronFX
FOREX TB

Broker Information

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Company Name

Forex TB Limited

Company Abbreviation

PatronFX

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-07-07
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

PatronFX

Cyprus

WikiFX Verification

PatronFX · Company summary
PatronFX Review Summary
Founded2015
Registered Country/RegionCyprus
RegulationCySEC
Market InstrumentsForex, Commodities, Indices, Shares, Cryptocurrencies
Demo Account✅
LeverageUp to 1:30 (retail clients)/ 1:400 (pro clients)
EUR/USD Spread3.0 pips (Basic account)
Trading PlatformWebTrader, Mobile Web
Minimum Deposit€250
Customer SupportPhone: +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.

PatronFX's homepage

Pros and Cons

ProsCons
CySEC regulatedLimited to EU + Switzerland
Various trading instrumentsWide spreads
Multiple account typesHigh minimum deposit
Free withdrawals for higher-tier accountsNo live chat support

Is PatronFX Legit?

Yes, PatronFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 272/15.

Regulated byCyprus Securities and Exchange Commission (CySEC)
Licensed InstitutionForex TB Ltd
Current StatusRegulated
License TypeStraight Through Processing (STP)
License Number272/15
Regulated by CySEC

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 InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on PatronFX?

Account Type

PatronFX offers 4 types of real accounts and one demo account.

Account TypeMinimum Deposit
Basic€250
Gold€25,000
Platinum€100,000
VIP€250,000
Account comparison

Leverage

Client TypeMaximum 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.

Leverage

PatronFX Spreads

PatronFXs trading fees are higher than average for the Basic accounts but become more competitive with larger deposits.

Account TypeBasicGoldPlatinumVIP
EUR/USD3.0 pips2.7 pips2.1 pips1.6 pips
GBP/USD3.4 pips3.1 pips2.5 pips2.0 pips
USD/JPY3.3 pips3.0 pips2.4 pips1.9 pips
Crude Oil$0.12$0.11$0.10$0.08

Trading Platform

PatronFX provides its WebTrader and Mobile Web App for users.

Trading PlatformSupportedAvailable DevicesSuitable for
WebTrader✔Desktop, Web/
Mobile Web App✔iOS, Android/
MT4❌/Beginners
MT5❌/Experienced traders
Trading Platform

Deposit and Withdrawal

PatronFX accepts payment via Vias, MasterCard, PayPal, Skrill, Neteller, MyBank, RapidTransfer, and PayByBank.

Account TypeFree Withdrawal
Basic1
Gold1/month
Platinum3/month
VIPUnlimited
Payment options

User Reviews

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User comment

2

Comments

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南山南7422
more than one year
My friend told me that CYSEC is not a reliable regulator. Maybe it used to be, but now it's not so strict. Some scam companies are still under its supervision. To be on the safe side, I would not choose this company.
My friend told me that CYSEC is not a reliable regulator. Maybe it used to be, but now it's not so strict. Some scam companies are still under its supervision. To be on the safe side, I would not choose this company.
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2023-02-17 16:02
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Z 。
more than one year
Spreads offered by Patron FX are wide, with eur/usd pair starts from 3.0 pips… Also insanely high minimum deposit requirements, with a Gold account from 25,000 euros… these scare me so much😂
Spreads offered by Patron FX are wide, with eur/usd pair starts from 3.0 pips… Also insanely high minimum deposit requirements, with a Gold account from 25,000 euros… these scare me so much😂
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2023-02-16 17:41
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