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PatronFX Review, Test & Rating in 2025

Autor: Florian Fendt — Updated in Jun 2025

PatronFX

PatronFX Trader Rating

2.9/5 stars (29 reviews)
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.
arrow rightTo PatronFX
77.80% of retail investor accounts lose money trading CFDs with this provider.

Summary about PatronFX

Summing up our PatronFX review we can especially recommend crypto and beginner traders to look at PatronFX. New traders should test patronfx.com on a free demo account before starting with a live account and check out the learning materials. Experienced traders will like the availability of the MetaTrader 4 as trading platform. Clients of PatronFX should also check out trading central and its features.

PatronFX review highlights
Minimum deposit in USD$250
Trade commission in USD$0
Withdrawal fee1 free withdrawal per month
Available trading instruments270
Pro & Cons of  PatronFX

What are the pros & cons of PatronFX?

What we like about PatronFX

In our PatronFX review we want to highlight these positive aspects: PatronFX offers a wide range of cryptocurrencies (more than 15 in total). These can be traded against EUR/USD/GBP. Commodity Traders will be happy that PatronFX offers a wide range of commodities/agricultural products, including even milk or rice. Their proprietary Webtrader is very intuitive and even easy to operate for most trading beginners, while still offering enough flexibility for professional traders. PatronFX offers free access to Trading Central for active clients. Additionally, clients are offered access to Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and a Web TV.

  • +15 crypto currencies
  • Wide range of commodities CFDs
  • Crypto currencies tradable vs EUR/USD/GBP
  • Learning materials

What we dislike about PatronFX

In our PatronFX review we want to highlight these negative aspects:  The spreads for the Basic account could be lowered a little, as they are slightly above average. Overall we dislike the tiered account structure which became popular with most brokers in the recent years. If the account has been/is inactive for more than one month, inactivity fees of 80€ per month will be charged. Unfortunately, traders from Swiss are not able to trade with PatronFX.

  • Slightly above average spreads for Basic tier
  • Tiered Account Structure
  • Withdrawal fees / Inactivity fees
  • No traders from Swiss allowed
Available Trading Assets at  PatronFX

Available trading instruments at PatronFX

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
  • +170 shares
 PatronFX Review

Conditions & detailed review of PatronFX

Since the founding in 2015, PatronFX gathered a lot of attention from retail and professional traders alike all over Europe. Their proprietary trading platform (webtrader) is not only modern and intuitive but also suitable for beginners and professional traders alike. If you are new to trading or want to check their platform out before giving them a try you can take a look at their website- The webtrader is visible without logging in, and you can see all live prices of the available markets.

You can check the spreads in the webtrader or if you want to calculate the cost of an imaginary or planned trade, you can use their assets calculator. This gives you a direct insight into the cost structure of PatronFX. The cost/fee structure is tailored individually to the account tier. The tier depends on the size of your account.

There are more than 270 trading instruments available for PatronFX and several cryptocurrencies for crypto enthusiasts. In total 15 cryptocurrencies can be traded against USD/EUR/GBP. PatronFX's website is new and well-designed and traders should find all the important information quite easily.

PatronFX offers a lot of additional trading features like access to TradingCentral, Market Buzz, Analyst Views, Featured Ideas, Economic Insight, Daily Market Analysis and a Web TV.

Due to new regulations of the Financial Conduct Authority (FCA), PatronFX is no longer offering CFDs on Virtual Currencies (Cryptocurrencies) for the residents of the United Kingdom.

 

Trading Platform of  PatronFX

Software & trading platform of PatronFX

PatronFX offers two seperate trading platforms, the MetaTrader 4 and their own Webtrader. Both are accessible via mobile, tablet and desktop.

While more experienced traders usually prefer the widespread MetaTrader 4 (MT4), we encourage traders to take a look at proprietary Webtrader from PatronFX. You can test the Webtrader directly on the website.

All important information like the spread, leverage, margin requirements or the point/pip value are directly visible. The smallest tradeable size would be 0.01. Especially beginners will should prefer the Webtrader over the MT4.

patronfx webtrader

Different Trading Accounts at PatronFX

Your account at PatronFX

PatronFX has a tiered account structure. The lowest tier or level is Basic followed by Gold and Platinum up to the highest level VIP. The minimum deposit is €250 or an equal amount in USD/GBP .

The differences and advantages of a higher tier can be seen in the following table.

BasicGoldPlatinVip
250EUR25000€100000€250000€
EUR/USD 2,8 PipsEUR/USD 2,5 PipsEUR/USD 1.9 PipsEUR/USD 1.4 Pips
GBP/USD 3,1 PipsGBP/USD 2,8 PipsGBP/USD 2,2 PipsGBP/USD 1,7 Pips
USD/JPY 3 PipsUSD/JPY 2,7 PipsUSD/JPY 2,1 PipsUSD/JPY 1,6 Pips
CRUDE ÖL 0,12$CRUDE ÖL 0,11$CRUDE ÖL 0,10$CRUDE ÖL 0,08$
Market BuzzMarket BuzzMarket BuzzMarket Buzz
Analyst ViewsAnalyst ViewsAnalyst ViewsAnalyst Views
Featured IdeasFeatured IdeasFeatured IdeasFeatured Ideas
Daily Market AnalysisDaily Market AnalysisDaily Market AnalysisDaily Market Analysis
Web TVWeb TVWeb TVWeb TV
1 free withdrawel1 free withdrawal per month3 free withdrawal per monthno fees

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 PatronFX
77.80% of retail investor accounts lose money trading CFDs with this provider.
Deposit and Withdrawals at  PatronFX

Deposits and withdrawals at PatronFX

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

If you have used up the free withdrawals, there is a service charge of €30 for bank transfers and 3.5% for credit cards.

Fund Security: PatronFX believes that account segregation is important to protect the privacy, funds and assets of the individual trader. In addition, funds are segregated from their corporate operating accounts and deposited in well-established international banks. PatronFX seeks the highest possible security.

Security: PatronFX uses the latest hardware and software to protect all data systems. Strict firewall rules and Secure Sockets Layer (SSL) software are used to protect all data during transmission. Transactions are moderated by Level 1 PCI compliance services to store and manage all your forms securely.

Service of  PatronFX

How is the service at PatronFX

Once you have funded your account, you will receive a personal account manager. If you run into problems or need urgent help you can contact the service of PatronFX in multiple ways.

  • You can give them a call at +357 2 526 2681
  • You can email them at info@patronfx.com
  • You can use the Live-Chat 
Is  PatronFX regulated and secure or scam?

Regulation & Safety at PatronFX

PatronFX has an active CySEC license and is thus an EU regulated broker.

The website www.patronfx.com/eu is operated by Forex TB Limited, a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15. Forex TB Limited is registered at 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus.

You can find more information about the license and Forex TB Limited in general on the CySEC website.

 

Highlights of PatronFX

Finding the right broker for you is not easy, but hopefully you now know if PatronFX is the best choice for you. If you are still unsure, you can use our forex broker comparison to get a quick overview.

  • ✔️ Free demo account for trading beginners
  • ✔️ leverage up to 1:30 / professional up to 1:400
  • ✔️ 250€ minimum deposit
  • ✔️ Cryptocurrencies tradable vs EUR/USD/GBP

Frequently asked questions about PatronFX

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Is PatronFX a good broker?

PatronFX offers a competitive trading environment with its proprietary webtrader and offers access to Trading Central, which is used by many traders.

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Is PatronFX a scam broker?

PatronFX is a legit broker operating under CySEC oversight. No scam warning has been issued on the CySEC website.

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Is PatronFX regulated and trustworthy?

PatronFX remains fully compliant with CySEC rules and regulations. Traders should view it as a safe and trustworthy broker.

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What is the minimum deposit at PatronFX?

The minimum deposit at PatronFX to open a live account is $250.

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Which trading platform is available atPatronFX?

PatronFX offers the normal MetaTrader 4 (MT4) trading platform and a modern proprietary WebTrader.

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Does PatronFX offer a free demo account?

Yes. PatronFX offers an unlimited demo account for trading beginners or testing purposes.

Trade at PatronFX
77.80% of retail investor accounts lose money trading CFDs with this provider.

Author of the review

Florian Fendt
An ambitious investor and trader, Florian founded BrokerCheck after studying economics at university. Since 2017 he shares his knowledge and passion for the financial markets on BrokerCheck.

At BrokerCheck, we pride ourselves on providing our readers with the most accurate and unbiased information available. Thanks to our team’s years of experience in the financial sector and feedback from our readers, we have created a comprehensive resource of reliable data. You can therefore confidently trust the expertise and rigor of our research at BrokerCheck. 

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Tell us what you think!

PatronFX
Trader Rating
2.9/5 stars (29 reviews)
Excellent41%
Very good4%
Average4%
Poor10%
Terrible41%
To PatronFX
77.80% of retail investor accounts lose money trading CFDs with this provider.

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