Patron Coin FX has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Patron Coin FX said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Segregated accounts|Clean UI
Cons: Onboarding videos are outdated
Several red flags with Patron Coin FX: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
The so-called education at Patron Coin FX is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for nearly two years thinking they would help me learn.
Pros: Multi-currency support|Demo account available|Comprehensive tools
Cons: Some tools only available on higher tiers|None so far
My withdrawal from Patron Coin FX was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for roughly four months of being strung along.
Pros: Detailed reporting|Helpful community forum|Copy trading available
Cons: Limited cryptocurrency options
My withdrawal request from Patron Coin FX has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Personal attention|Smooth onboarding|Regular updates
Cons: No fractional shares|Website design could be more modern
I want to warn everyone about Patron Coin FX. They have been flagged by Financial Markets Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
After for about three months with Patron Coin FX, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Transparent fees|Demo account available
Cons: Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to Patron Coin FX. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Educational resources|Good analytical tools|Transparent fees|Good mobile app
Cons: No dark mode on mobile|Alert system is basic
Patron Coin FX has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Detailed reporting|No hidden fees|Market news feed|Great customer service
Cons: Website design could be more modern
I lost a significant amount because Patron Coin FX did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast execution|Great customer service|Copy trading available
Cons: Spreads widen during volatile periods