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| ATTENTION: PATRONFX IS A SCAM |
| Patron FX is recently behaving in an unprofessional manner. Since late 2020, (September to be exact) the platform is blocking withdrawals. We have been monitoring the progress and we are now sure that they are a scam. With numerous complaints from members, PatronFX is no longer a trusted broker.
The reason for this change of professionalism remains unknown. In our opinion, the broker got greedy and decided to cut off some members. What they didn’t expect is that the members would expose them. Amitaf and Umaru are some of the members who have had their accounts frozen. What’s bothering these victims is that no one on the PatronFX team seems to bother. These victims have tried calling and sending emails all in vain. For almost three weeks, Amitaf has been trying to withdraw funds from this platform. And the platform keeps canceling his request. These are the tell-signs that we are dealing with another rogue online broker. Despite the broker being aligned with a CySEC registered broker, there’s more to be said. The very same staff who don’t pick calls are pressuring Umaru to deposit more funds. Every day, he has had numerous calls from the broker. The broker claims to have insider information and will help Umaru win big. Other victims are now bashing the platform head-on. Social media is a buzz of activities with the slogan “PatronFX Scam Beware.” What you should doPatronFX is the first broker we have seen under CySEC to behave in such a manner. The best option for victims is to reach out to the regulatory authority. We hope CySEC will look into it and ensure no one else falls for this trap. |
PatronFX (Patronfx.com) is a Cypriot registered broker who is licensed by CySEC. Patron FX deals with CFDs and Forex with various advantages. Being certified by one of the industry’s leading financial watchdogs is a big plus. Whoever signs up with this broker is promised a safe trading experience. Investors will be offered compensation in case anything goes wrong. Want to know more? Read this detailed and honest PATRONFX review.
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Forex trading should be ideally an easy and safe experience for all parties. Dealing with credible Forex trading tools is one way of ensuring investors get a safe trading experience. Investors should have a credible Forex trading platform that leads to profitable results. Make sure to stay ahead of the game with dependable Forex trading tools at all times. Time to make realistic funds is always there with real trading tools. Make the right move today and switch to accountable trading tools.
What makes PatronFX stand out is having dully passed all necessary rules regarding regulation. All brokers should offer negative balance protection to all traders. And this is a good plan since you can never lose more funds than you deposited. Brokers must also hold all assets in segregated accounts. Investors will also be required to file and send regular reports to all members. What this does is create trust between investors and brokers in question. Sign up with brokers who are registered by known regulatory bodies.
After landing on their homepage, one can see why this broker is accommodating. The website is user-friendly and even a newbie can work their way around the platform. How is it easy to sign up for an account? Opening an account with PatronFX is easy and fast. Having a PatronFX account is going to take less than five minutes. Registration is simple and is open to all investors. Little information is required regarding the account opening. Open one with a real broker and start getting trading results.
Forex TB Ltd is a company based in Nicosia and has valid registration details. After checking with the company registrar, we found all details matching the company’s information. The company registration number is 310943 and is based in Cyprus. Most Cyprus based companies have to pass strict rules before being credited with a license. And this is what makes having a broker such as PatronFX a safe bet. Dealing with a dully registered company is what’s advised when trading.
What about the people running this website? Can we get to know the founding members of this platform? With a valid company behind this broker, accessing founders’ information is easy. Simply go to the company’s website and use the contact details listed. Contact information is valid as we tried it ourselves. With a proven broker who can be easily contacted, trading with PatronFX is commendable. Opening an account is safe and investors should give them a try.
After checking with CySEC, we are happy to announce PatronFX is properly licensed. Dealing with Patron FX is having a properly licensed broker with a valid licensing number. Patron FX is licensed under 272/15 and was licensed on 7th April 2015. What this proves is we are dealing with a broker who has passed all valid registration tests. Thanks to their reputation, we can see this broker has been in the trading world for a long. Only valid brokers can have the guts to post their true details.
Members can also reach out to the broker and ask for copies of licensing and registration. Dealing with a broker with a valid license means authorities trust what’s happening. A true broker will give members a PDF with details regarding how Patron FX works. Legal documents match all details regarding this platform. Whoever signs up with a broker is dealing with a true and licensed broker. They have been ranked top five best brokers in 2016. It means we have a true broker.
PatronFX is providing top tier trading platforms for users to choose from. With their technological advancement in trading, users have an edge. Members are offered the well-known MT4 trading platform which connects best to STP liquidity. They also offer a web-based trading platform which we tested. The web-based platform is well secured which means trading becomes simple. Dealing with a web-based platform is tricky especially if no security is in play.
Mobile and tablet platforms offer amazing news platforms that are necessary for passing information. Patron FX also offers a one-time click trade option which are highly accurate. Platforms come with advanced trading tools that offer a great advantage to users. Make sure to go for brokers who have intuitive trading platforms. Having a reliable platform takes trading to the next level. What are you waiting for, try out their amazing web-based platform?
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PatronFX is equipping members with a two-tier account system. Members can get a standard or pro account. Accounts have favorable trading conditions as we will explain. The standard account offers 1.3 pips while the pro account offers 0.3 pips. Pro account comes with a trading commission of around 4% which is quite fair. With a Pro account, users should expect spreads of around 0.7 and 0.8 pips. The maximum leverage offered by this broker is also favorable and welcoming.
A llist of trading instruments included over 40 currency pairs. Members can get exotic as well as minor lots such as USDBRL, USDHUF, USDPLN, and USDTRY. Investors can also trade using CFDs such as Gold, silver, and platinum. 3 pillars of the success of Patron FX include security above everything else, transparency and trust, and award-winning service platform. Users can get help from proven professionals with valid trading expertise. What else could an investor be looking for?
Another interesting factor with Patron FX is how safe funds are kept. Funds are deposited in a top tier and proven bank. It means users are well kept safe by well-known banks. Another fact we need to disclose is in regards to compensation claims. Another fact we need to disclose is in regards to compensation claims. Patron FX takes part in an investor compensation funds which is a huge relief for members. Users can always ask for compensation in case of bankruptcy or insolvency. Depositing funds is safe as well as withdrawing funds.
Segregation of accounts is also in play which is an added advantage. Why not sign up with such a broker and have a secure trading experience?
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After confirming with authorities concerned, we have proof PatronFX is legit.
Adding PatronFX to our acceptable broker list will help steer investors to a recommended broker. What more could an investor want apart from a legit broker? You know now what to expect with Patron FX, a true and fulfilling trading experience.
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.
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