Table of Contents

2.3 rating
2.3 out of 5 stars (based on 15 reviews)
Very good0%
77.80% of of retail investor accounts lose money when trading CFDs with this provider.

PatronFX Experiences & Review

In this Review & Test we will report about our PatronFX experiences. We will go into the most important aspects and also offer the possibility for you to rate and comment

The most important facts about PatronFX

PatronFX is operated by Forex TB Limited, a Cyprus based investment company. It is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 272/15. Forex TB Limited is registered at 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus.

Your rating of PatronFX


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The most important facts about PatronFX

What we liked about PatronFX

PatronFX, like its predecessors and like FXTB, also offers a wide range of crypto currencies. These can be traded against EUR/USD/GBP. PatronFX also offers a wide range of commodities/agricultural products, including even milk or rice. The Webtrader is very clearly arranged and understandable for most trading beginners. PatronFX offers free access to Trading Central.

+10 crypto currencies

Crypto currencies tradable vs EUR/USD/GBP

Wide range of raw materials/agricultural products

Learning materials

What we disliked about PatronFX

In our opinion PatronFX has more disadvantages than advantages over other brokers. The spreads, i.e. the trading conditions, are worse than with the average broker. This is even the case with gold and platinum accounts. The account structure serves as an incentive for customers to deposit as much money as possible. Comments on our German BrokerCheck website indicate that clients of PatronFX receive unwanted phone calls.

If there have not been enough trades and the customer pays out money, there can be up to 80€ fees.

If the account has been/is inactive for more than one month, inactivity fees of 80€ per month will be charged.

Above average Forex spreads

Withdrawal fees / Inactivity fees

Unfair Account Structure

Unsolicited calls

Comparison PatronFX vs. average Broker

Available Trading Assets

DAX Spreads

Gold Spreads

Which trading assets are available at PatronFX

phantomFX trading assets

PatronFX offers various asset classes and over 270 different trading instruments

These include, among others.

  • +60 forex/currency pairs
  • +12 Indices
  • +7 Metals
  • +10 Agricultural products
  • +3 Energy
  • +15 crypto currencies

PatronFX Review, Experiences & Trading Conditions

patronxfx review

PatronFX has together with FTXB strong similarities to Investous and 24Option (which got shut down after their license problems). PatronFX has a similar trading platform/webtrader as 24option. On the website you can view the Webtrader without logging in and see all prices/spreads in live trading. This gives you a direct insight into the cost structure of PatronFX. There are several crypto currencies on offer. In total 9 crypto currencies which can be traded against USD/EUR/GBP. The fee model is adapted to the account size and (of course) favours larger accounts. PatronFX’s website is new and modern, as you can see from the layout.

Scalping allowed

Hedging allowed

Negative Balance Protection

Guaranteed Stop Loss

STP/DMA Execution

ECN/RAW Account

Deposit Bonus

Loyalty Bonus

Available Trading Software and Platform at PatronFX

phantomFX trading platform

PatronFX also cuts down on information about the trading software it offers. You can trade either via the MetaTrader 4 (MT4) or via the PatronFX Webtrader. Mobile trading is also possible via the MT4 or Webtrader. Further information is not available. You can test the Webtrader directly on the website.

Available Accounts at PatronFX


The account structure is simple. The more money you deposit the better conditions you get. The lowest level is Basic followed by Gold and Platinum up to the highest level VIP. The different advantages and disadvantages can be seen in the following table.

Basic Gold Platin Vip
250EUR 25000€ 100000€ 250000€
EUR/USD 2,8 Pips EUR/USD 2,5 Pips EUR/USD 1.9 Pips EUR/USD 1.4 Pips
GBP/USD 3,1 Pips GBP/USD 2,8 Pips GBP/USD 2,2 Pips GBP/USD 1,7 Pips
USD/JPY 3 Pips USD/JPY 2,7 Pips USD/JPY 2,1 Pips USD/JPY 1,6 Pips
CRUDE ÖL 0,12$ CRUDE ÖL 0,11$ CRUDE ÖL 0,10$ CRUDE ÖL 0,08$
Market Buzz Market Buzz Market Buzz Market Buzz
Analyst Views Analyst Views Analyst Views Analyst Views
Featured Ideas Featured Ideas Featured Ideas Featured Ideas
Daily Market Analysis Daily Market Analysis Daily Market Analysis Daily Market Analysis
Web TV Web TV Web TV Web TV
1 free withdrawel 1 free withdrawal per month 3 free withdrawal per month no fees

Deposits and withdrawals at PatronFX

phantomFX deposit withdrawel

PatronFX deposits can be made through various payment providers. However, the information policy in this area is still rather poor. Possible deposit options are:

  • Credit cards (Visa, MasterCard)
  • Electronic payments (e-wallets)
  • Bank transfer

However, the payouts are not free for Basic members. There is a charge of 30 € for bank transfers and 3.5% for credit cards.

How is the service at PatronFX

As PatronFX is a new broker, we cannot provide any reliable information here. However, customer feedback from our german BrokerCheck website indicate that customer feedback is very mixed. It remains to be seen how the service here develops before we have more experience of PatronFX.

Is PatronFX regulated and secure?

patronfx regulation

PatronFX / Forex TB Limited is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF licence number 272/15.

The licence is currently active and does not have license problems.

Summary: Review of PatronFX

In summary, PatronFX can be described as a sub-average broker. The fees are above average and the distribution structure is completely geared to customer deposits, which is evident in the account structure. Since the licence of the predecessor brokers was also partially or completely suspended by the CySEC, we advise caution.

Highlight's of PatronFX

Free demo account for trading beginners

250€ minimum deposit

leverage up to 1:30 / professional up to 1:400

Intransparent company

How do you open an account at PatronFX

By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.

To open an account at PatronFX just press the button below
CFDs are complex instruments and involve a high level of risk due to leverage. 77.80% of of retail investor accounts lose money when trading CFDs with this provider.

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