Patron FX Is A Forex Broker, Owned By ForexTB LTD And Based In Cyprus Patron FX Offers Two Account Types And More Than 50 Currency Pairs, Many Of Which Are Non-mainstream And Exotic Currency Pairs.
The Company Aims To Help Clients Make A Good Choice Of Forex Pairs And Other CFDs, And Has The Option Of Trading Between The MetaTrader4 Platform And A Proprietary Web-based Platform. The Company Is Licensed And Regulated By The Cyprus Securities And Exchange Commission (CySEC), And PatronFX Is Somewhat Focused On The Polish Market.
Basic Information & Regulation
& Nbsp; Forex TB Ltd Is A Cypriot Investment Company That Was Regulated By The Cyprus Securities And Exchange Commission In 2015 (Regulation Number: 272/15).
Security Analysis
Forex TB Is Regulated By CySEC, A Global First-level Regulator, Which Means That Investors' Funds Safety And Trading Activities On The Forex TB Platform Can Be Protected To A Certain Extent. However, Investors Need To Pay Attention To Whether Their Accounts Are Opened Under The Supervision Of CySEC.
Financial Instruments
Forex TB Offers Investors More Than 50 Pairs Of Foreign Exchange Currency Pairs, Indices, Commodity And Stock CFDs, As Well As A Large Number Of Exchange-traded Funds, With A Wide Range Of Assets.
Account & Leverage
& Nbsp; Forex TB Offers Investors Only One STP Account With A Minimum Deposit Of $1, A Minimum Trading Lot Size Of 0.01 Lots, And A Maximum Trading Leverage Of 1:100.
Spreads & Fees
& Nbsp; The Forex TB Platform Uses Commission-free Trading, With EUR-USD Spreads Of 1.1 Pips, But There Are Also Many Influential Brokers That Offer Thinner Spreads, Such As FTXM's EUR-USD Minimum Spread Of 0.7 Pips.
Trading Platform
Forex TB Supports The Market-leading MetaTrader4 (MT4) (available As A Desktop Version) And Its Internal XStation (available In Both Web And Mobile Versions). XStation Is A Customizable And Easy-to-use Multi-functional Software. The Platform Has The Function Of One-click Trading, Trading Directly From The Chart, And Is Equipped With Many Technical Analysis Tools And Advanced Charting Software Packages.
Deposit And Withdrawal
The Deposit And Withdrawal Methods Provided By Forex TB Are Relatively Limited, Mainly Telegraphic Transfer And DotPay. Popular Credit/debit Cards, Skrill And NETELLER Methods Are Not Supported.
Advantages & Disadvantages
The Main Advantages Of Forex TB Are:
& Nbsp; 1. CySEC Regulation;
2. Low Minimum Deposit Requirements;
3. Commission-free Trading;
4. MT4 Trading Platform;
The Main Disadvantages Of Forex TB Are:
1. Limited Deposit And Withdrawal Methods;
2. Conservative Leverage;