Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from PatronFX review
About the broker
| Web: | https://patronfx.com |
| License: | CySec FCA KNF |
| Supported languages: | English, German, Polish and Italian |
| Year of foundation: | 2016 |
| Holder: | Forex TB Ltd. |
| Headquarters: | 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | info@patronfx.com +357 2 526 2681 |
| Deposit methods: | Bank wire transfer, DotPay, Debit and Credit Cards |
| Withdrawal methods: | Bank wire transfer, DotPay |
About trading with PatronFX
| Minimum deposit: | 250 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 2.8 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex, stocks, commodities, indexes, cryptocurrencies |
| Base currencies: | EUR, USD, PLN |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | Web trader |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at PatronFX, of course you can find current info on their website https://patronfx.com.
Spreads at PatronFX on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 2.8 | 3.1 | 3.0 |
* Spread was taken 17.09.2020 at 10:09 from the web or trading platform of PatronFX.
Random reviews of competing CFD brokers: NPBFX, HugosWay, Plus500CY Limited and Home.Saxo
Frequently Asked Questions
🧐 Is PatronFX a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if PatronFX is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with PatronFX is very simple, just register on their website.
📱 Does PatronFX offer the best mobile app for trading?
PatronFX offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the PatronFX mobile app.
⚖️ Would you recommend me PatronFX?
PatronFX is one of tens (possibly hundreds) of brokers operating in the European Union and United Kingdom, and that's why it makes no sense to choose PatronFX as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with PatronFX, please share it in the comments to help others to choose the suitable broker.
ADVICE FOR EVERYONE
DONT OPEN AN ACCOUNT WITH PATRONFX.
This company is only out there to take your money without u knowing when u realise they have took money they say its in your terms and conditions… the advisors make u open a leverage account they also tell u inditectly to lie on the application to so u can open this leverage account.. once u start a trade they charge u overnight fees so its always going to be losing money over night..
Recommend everyone not to to open this account.
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This is the scam, they will not return the money and always give wrong suggestions
Achieved my goal. Came in to make money and did it successfully with the guidance of a very professional account manager.
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When is come to withdraw your money they won’t process your request always asking something else and more details even if you send tem all you documents.
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