PatronFX is an online trading broker that was launched in 2016 in Nicosia, Cyprus, to provide traders with a suitable trading environment and resources for trading multiple financial instruments, such as forex, commodities, stocks, indices, CFDs, and cryptocurrency. Trades are executed on the MT4 platform and the broker’s in-house-developed trading platform, while some trading and learning tools are provided to aid the trading process. There are multiple trading account options with a minimum deposit requirement of €250, leverage of up to 1:400, and low spreads starting from 1.4 pips.
PatronFX Review Introduction
In this PatronFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including PatronFX.
PatronFX Platforms & Tools
PatronFX provides traders with the MetaTrader 4 trading platform, a well-known trading platform that was launched in 2005 by MetaQuotes. It is currently the standard trading platform for forex and CFD trading. MT4 is versatile and has a user-friendly interface, with integrated professional tools, including one-click trading and support for automated trading using expert advisors. The broker makes the MT4 trading platform available as a desktop application for Windows and Mac computers and a web version that runs directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge. There is also a mobile app that is developed for Android and iOS devices. The mobile platform can be freely downloaded from the relevant app stores and used to place trades and check trading positions at any time and anywhere, even on the train.
The broker also provides traders with the PatronFX trading platform, a proprietary trading platform that is available as a web trader, which requires no installation of any application. Some standalone trading tools, including Trading Central’s analyses, Technical and Fundamental Analysis, and Economic Calendar, are available to enable traders to get the best out of the market.
PatronFX Research & Education
PatronFx provides traders with a good selection of educational resources, such as videos on demand, glossary, webinars, e-books, market news, and an FAQ section, to help them make informed trading decisions.
PatronFX Trading Accounts
Traders can choose from a variety of different trading account options depending on their trading objectives and capital. The account options include the Basic, Gold, Platinum, and VIP accounts. The least deposit required to operate an account is €250, while the available leverage is 1:30 and 1:400 for retail and professional clients respectively.
PatronFX Account Funding
The broker supports fast deposits and withdrawals through the following payment methods:
- Credit/Debit cards
- Electronic payments
- Wire transfer
PatronFX Customer Service
Clients are provided with a professional customer support team that is always available during trading hours to respond swiftly to their trading inquiries via telephone and Live Chat.
PatronFX brand is operated by ForexTB Limited, a Cyprus Investment Firm that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 272/15.
PatronFX Review Summary
PatronFX is an online brokerage firm that allows clients to trade over 270 financial instruments across multiple asset classes through the MetaTrader 4 and the PatronFX trading platforms. The broker provides traders with some helpful trading tools and educational resources, whilst a dedicated customer support team is available to answer all traders’ questions. The broker offers multiple account types and payment options.
It is worth mentioning that some of the trading products and services in this PatronFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the PatronFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.