Patron FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-16 18:41

Abstract：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.

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.