Patron FX – what we know and have as facts about it; Patron FX is a brand name of Forex TB Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 272/15. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Client Agreement document that the company arranges for an execution of client orders with another entity (the Liquidity Provider) and does not execute them itself as a principal to principal against the client. The company receives monthly commissions from the Liquidity Provider calculated as a percentage of the volume of orders sent for execution every month. That means PatromFX acts as a pure Straight Through Processing (STP) company and there is no conflict of interest like that of market makers.
So far, we have not received any complaints from customers of Patron FX. If you have any criticism to share with us or feel annoyed by Patron FX, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Patron FX if you wish.