PatronFX Review: Regulation, Spreads & Leverage
STP/ECN broker based in Cyprus with MetaTrader4, a $250 minimum deposit and leverage up to 1:400.
- STP/ECN
- 1:400 Leverage
Your money is at risk
In this PatronFX review
PatronFX overview: what kind of broker is it?
PatronFX is an STP/ECN forex and CFD broker based in Cyprus, founded in 2020. Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15.
Traders get MetaTrader4, spreads from 0.0 pips, leverage up to 1:400 and a $250 minimum deposit.
Tradable markets include Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures.
PatronFX broker specifications
Company and regulation
| Broker | PatronFX |
|---|---|
| Regulated by | Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15 |
| Type of broker | STP/ECN |
| Country | Cyprus |
| Foundation year | 2020 |
| Website | Visit PatronFX website |
| Website languages | Dutch, English, German, Polish |
Trading conditions
| Minimum deposit | $250 |
|---|---|
| Maximum leverage | 1:400 |
| Minimum spreads | 0.0 pips |
| Base currencies | USD |
| Tradable instruments | Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | Yes |
Bonus and promotions
| Current promotion | No |
|---|---|
| Welcome bonus | No |
| Standard no deposit bonus | No |
Contact details
| Telephone | +357 2 526 2681 |
|---|---|
| info@patronfx.com | |
| Fax | +357 2 526 2681 |
| Head office | 45A Kratinou Street, 2040 Strovolos, Nicosia, Cyprus. |
PatronFX pros and cons
Pros
- Regulated: Regulated by the Cyprus Securities and Exchange Commissio…
- Spreads from 0.0 pips, STP/ECN execution
- MetaTrader4 on every device
- Islamic, mini, VIP and managed accounts
Cons
- No MetaTrader 4 or cTrader
PatronFX account types
PatronFX offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $250 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | Yes |
PatronFX trading platforms
PatronFX runs on MetaTrader4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
PatronFX deposit and withdrawal methods
The same 3 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
Is PatronFX safe and legit?
PatronFX is a regulated broker. Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
PatronFX is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
About PatronFX
Some news
Who should choose PatronFX?
Good fit for
- Traders who want MetaTrader4 and raw spreads
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
- You prefer MT4 or cTrader
PatronFX FAQ
Is PatronFX regulated?
Yes. Regulated by the Cyprus Securities and Exchange Commission with CIF license number 272/15.
What is the PatronFX minimum deposit?
The minimum deposit to open a live PatronFX account is $250.
What is the maximum leverage at PatronFX?
Leverage goes up to 1:400. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does PatronFX use?
PatronFX uses MetaTrader4.
Does PatronFX offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.
How can I deposit and withdraw at PatronFX?
You can use Wire Transfer, Credit Card and Debit Card.