What is PatronFX?
Broker overviewPatronFX is an STP / ECN forex broker founded in 2020 and based in Cyprus. It offers forex currencies, commodities, indices, stocks, bonds, futures on MetaTrader4.
PatronFX is regulated by Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272, 15. Its listed office is 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus..
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the PatronFX bonus offers, and who the broker suits best.
- ✓Regulated since 2020 by Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272, 15, with segregated client funds.
- $Cost to start: $250 minimum deposit and spreads from 0.0 pips.
- ⚡Flexible trading: leverage up to 1:400, hedging, scalping and news trading allowed.
- %Bonus: no welcome bonus listed, no no-deposit bonus.
Our short verdict
PatronFX stands out for strong multi-regulation, tight spreads from 0.0 pips and MT4 trading. The main thing to watch: higher $250 minimum deposit.
More about PatronFX
Some news
Is PatronFX safe and regulated?
PatronFX is supervised by 2 authorities. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272 | — | Licence listed for this broker. |
| 15 | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which PatronFX company will hold your account, because protection levels can differ between regions.
PatronFX account types and trading conditions
These are the main trading conditions listed for PatronFX. It offers Islamic, mini, VIP, managed accounts.
| Feature | PatronFX |
|---|---|
| Minimum deposit | $250 |
| Minimum spreads | 0.0 pips |
| Max leverage | 1:400 |
| Execution | STP / ECN |
| VIP accounts | Yes |
| Mini accounts | Yes |
| Swap-free (Islamic) | Yes |
| Managed accounts | Yes |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
PatronFX trading platforms
PatronFX supports MetaTrader4. MetaTrader 4 remains the favourite for forex and Expert Advisors.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures. The website is available in Dutch, English, German, Polish.
PatronFX deposit and withdrawal methods
PatronFX accepts these deposit methods:
- Wire Transfer
- Credit Card
- Debit Card
Withdrawals use the same methods as deposits.
Accounts can be held in USD. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
PatronFX bonus and promotions
PatronFX has no promotions listed at the moment.
PatronFX no deposit bonus: PatronFX does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
PatronFX pros and cons
Pros
- Regulated by Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272, 15 (since 2020)
- Spreads from 0.0 pips
- MT4 trading
- Hedging and scalping allowed
- News trading allowed
- Islamic, mini, VIP, managed accounts
- Free demo account
Cons
- Higher $250 minimum deposit
- No no-deposit bonus
- Trading terms can differ by region and group entity
How to open an PatronFX account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund your accountDeposit from $250.
- Start tradingLog in to MT4. Practise first on a free demo account.
PatronFX customer support and contact
These are the contact details we have on file for PatronFX:
PatronFX review FAQ
Is PatronFX a regulated broker?
What is the PatronFX minimum deposit?
Does PatronFX offer a no deposit bonus?
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Is PatronFX good for beginners?
Final verdict: should you trade with PatronFX?
PatronFX scores 3.9 out of 5 in our review. Its strongest points are strong multi-regulation, tight spreads from 0.0 pips and MT4 trading. Keep in mind: higher $250 minimum deposit; no no-deposit bonus.
If your main goal is a free no-deposit bonus, PatronFX is not the right fit. Compare it with other options on our best forex brokers page before deciding.