PatronFX

General Introduction

PatronFX is a foreign exchange (Forex) and CFD trading platform based in Cyprus, operated by Forex TB Limited. The broker claims to have been active for 10–15 years and currently offers trading services on the popular MetaTrader 4 (MT4) platform with Straight Through Processing (STP) execution.

However, despite its professionally marketed image, PatronFX has faced many criticisms and doubts from the global investor community — including in Vietnam. So, is this broker truly trustworthy?

Legal Information & Licensing

• Company Name: Forex TB Limited

• License: Regulated by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15

• Server Location: Ireland

• Platform Recognition: Official MT4 – Server: ForexTB-Live

Although the broker is licensed by CySEC — a financial authority within the EU — the level of investor protection it offers is generally considered weaker compared to regulators such as the FCA (UK) or ASIC (Australia).

Account Types & Trading Conditions

• Minimum Deposit: From €250

• Leverage:

  • Up to 1:30 for retail clients (in compliance with EU regulations)

  • Up to 1:400 for clients classified as professionals

• Trading Instruments: Forex, indices, stocks, commodities, cryptocurrencies, etc.

• Platforms: MT4, WebTrader, mobile apps

• Support: Vietnamese language available, mostly via local partners or introducing brokers (IBs)