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7 Best Forex Brokers in Poland

Edited by: Louis Schoeman

Best Forex Brokers in Poland

 

The 7 best Forex brokers in Poland (Europe) were revealed. We have explored and tested several prominent brokers that accept Polish citizens.

 

In this in-depth guide you’ll learn:

 

  • What is a Forex broker?
  • Who are the best brokers in Poland?
  • Pros and cons of each broker on our list?
  • Popular FAQs about the best Forex brokers discussed.
  • Is forex trading legal in Poland?
  • Best free trading apps for beginners to download.

 

So, if you’re ready to go “all in” with the 7 best Forex brokers in Poland

 

Let’s dive right in…

 

🏆 10 Best Forex Brokers

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

7 Best Forex Brokers in Poland (2024*)

 

  1. ☑️XTB –  Top, reliable, and accessible choice.
  2. ☑️Pluss5 – user-friendly interface with advanced charting tools.
  3. ☑️eToro  – regulated status and commission-free trading.
  4. ☑️XM PLN deposits and PLN as an account base.
  5. ☑️AvaTrade  – provides a seamless and intuitive trading experience.
  6. ☑️FP Markets – extensive experience and reputation in trading.
  7. ☑️CMC Markets – Accepts verified local Polish forex traders.

 

What is a Forex broker?

 

A Forex broker is a financial intermediary that facilitates currency trading for individuals and businesses.

 

These brokers provide access to the foreign exchange market, allowing clients to buy, sell, and speculate on various currency pairs.

 

They offer trading platforms, and analysis tools, and often act as counterparties to trades, earning revenue through spreads and commissions.

 

 7 Leading Forex Brokers in Poland.

 

🔎Broker Name👉 Open Account💰 Minimum Deposits⚖️ Regulators✔️ Accepts New Poland Traders
XTB👉 Open AccountPLN 0 or $0FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC✔️
Plus500👉 Open AccountPLN397.01 or $100CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA✔️
eToro*👉 Open AccountPLN198.57 or $50CySEC, FCA✔️
XM👉 Open AccountPLN 19.85 or $5FSCA, IFSC, ASIC, CySEC, DFSA✔️
AvaTrade👉 Open AccountPLN396.90 or $100Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC✔️
FP Markets👉 Open AccountPLN396.90 or $100ASIC, CySEC, FSCA, FSA, FSC✔️
CMC Markets👉 Open AccountPLN 0 or $0BaFin, IIROC, FCA, ASIC, MAS, FMA, DFSA✔️

*51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

XTB

 

XTB, established and headquartered in Poland, offers several compelling reasons for Polish traders to consider it as their Forex broker.

 

Firstly, being a local company, XTB understands the specific needs and preferences of Polish traders, providing customer support and services tailored to the local market.

 

XTB’s regulatory compliance with the Polish Financial Supervision Authority (KNF) ensures a high level of trust and security for traders.

 

XTB - 6 Best Forex Brokers in Poland

 

XTB also offers a user-friendly trading platform equipped with advanced tools and analysis resources suitable for traders of all levels. Competitive trading fees, including tight spreads and low commissions, enhance its attractiveness.

 

XTB provides access to a wide range of currency pairs, as well as other financial instruments, enabling diversified trading strategies.

 

Overall, XTB’s combination of local expertise, regulatory adherence, user-friendly platforms, competitive fees, and diverse trading options make it a compelling choice for Polish traders seeking a reliable and comprehensive Forex brokerage service.

 

Unique Features

 

FeatureInformation
🏛️ RegulationFCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, IFSC
🏛️KNF regulation?✔️ Yes
📲 Social Media PlatformsFacebook
Twitter
LinkedIn
YouTube
💻 Trading AccountsStandard Account
Swap-free Account
Islamic Account
Professional Account
📊 Trading PlatformsxStation 5
xStation Mobile
💰 Minimum Deposit in PLNThere is no specific minimum deposit required
📉 Trading AssetsForex
Indices
Commodities
Stock CFDs
ETF CFDs
Cryptocurrencies
💻PLN based Account?✔️ Yes
💻PLN Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes (except in US, as per US regulation)
📈 Minimum spreadFrom 0.5 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

 

✔️ Pros ❌ Cons
The advanced trading platform xStation 5 provides an exceptional user experienceThe product portfolio could be more extensive, with more diverse asset classes.
Strong instructional support, including live webinars, tutorials, and articlesForex and CFD trading fees may be less competitive than peers
Pricing is transparent, with no hidden feesThere are limited cryptocurrency trading options
Fast and dependable deal executionWithdrawal fees for little sums can be discouraging
Professional traders might use direct market access (DMA)Customer service can be enhanced outside of business hours

 

Trust Score

 

XTB has a trust score of 95%

 

Plus500

 

Plus500 presents an enticing option for traders in Poland seeking a diverse range of tradable assets and portfolio diversification.

 

The platform offers a comprehensive list of assets beyond Forex, including stocks, indices, commodities, cryptocurrencies, and more. This extensive selection allows Polish traders to explore various markets and opportunities, enhancing portfolio diversification.

 

Plus500 provides a user-friendly trading platform accessible via web and mobile devices, making it convenient for traders to manage their portfolios on the go. With its intuitive interface and advanced trading tools, even beginners can navigate the platform effectively.

 

Plus500 - 6 Best Forex Brokers in Poland

 

Plus500’s competitive pricing, including tight spreads and no commissions on most trades, adds to its appeal. The platform’s regulatory compliance with reputable authorities ensures a secure trading environment for Polish traders.

 

Overall, They provide a broad range of tradable assets, a user-friendly platform, competitive pricing, and regulatory adherence making it a compelling choice for Polish traders seeking diversified investment opportunities.

 

Unique Features

 

🔎 Feature👁️‍🗨️ Information
🏛️RegulationCySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
🏛️ KNF regulation?❌No
📱 Social Media PlatformsFacebook, Twitter, Telegram, Instagram, YouTube, LinkedIn
🔎 Trading AccountsRetail trading account
💻 Trading PlatformsWebTrader
💸 Minimum DepositCOP 391,864.00 to USD100
🔁 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
PLN-based Account?❌No
PLN Deposits Allowed?❌No
💰 Bonuses for traders?✔️Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo Account✔️Yes
✔️ Islamic Account✔️Yes
👉 Open Account👉 Open Account

 

Pros and Cons

 

✅Pros❌Cons
The platform is user-friendlyThere are limited non-CFD instruments
Plus500 is compliant with all FCA limitPlatform customization is limited
There is negative balance protection appliedLacks basic research materials
Plus500 offers a wide variety of assets including Forex, stocks, indices, commodities, cryptocurrencies, and more, allowing traders to diversify their portfolios.While the platform is user-friendly, it may lack some advanced research and analysis tools compared to other brokers.
The trading platform provided by Plus500 is intuitive and easy to use, suitable for both beginners and experienced traders.Plus500's educational resources for traders, such as tutorials and webinars, may be less comprehensive compared to some other brokers.
Plus500 typically charges no commissions on trades, which can result in lower trading costs for users.Plus500 does not support the popular MetaTrader platform, which may be a drawback for traders who prefer using MetaTrader for their trading activities.
The platform offers tight spreads on various assets, helping traders to potentially maximize their profits.Customer support options with Plus500 may be limited compared to some other brokers, potentially leading to slower response times or less comprehensive assistance
Plus500 is regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), providing traders with a sense of security and trust

 

Trust Score

 

Plus500 has a trust score of 85%

 

eToro

 

eToro offers Polish traders a diverse range of tradable assets including stocks, cryptocurrencies, commodities, indices, and Forex, alongside innovative features like social trading and Copy Portfolios. Its user-friendly platform, regulated status, and commission-free trading on stocks and ETFs make it accessible and cost-effective.

 

eToro

 

Furthermore, the eToro platform fosters a community-driven approach, allowing users to interact, share insights, and even copy the trades of successful investors. With advanced charting tools, analysis features, and a mobile trading app, eToro provides a comprehensive trading experience.

 

eToro offers educational resources to help traders enhance their skills and knowledge. However, traders should conduct their own research to ensure eToro meets their individual trading needs and preferences.

 

Unique Features

 

Feature Information
🏛️ RegulationCySEC, FCA
🏛️ KNF Regulation❌No
📲 Social Media PlatformsFacebook
Twitter
LinkedIn
Youtube
Instagram
Telegram
💻 Trading AccountsPersonal Account
Professional Account
Corporate Account
Islamic Account
📊 Trading PlatformseToro proprietary platform
💰 Minimum Deposit$100
📉 Trading AssetsStocks.
Indices.
ETFs.
Currencies.
Commodities.
PLN-based Account?❌No
PLN Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.9 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

*51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

Pros and Cons

 

✔️ Pros❌ Cons
The leading platform for social tradingIncreased withdrawal and conversion fees
Beginners will find the UI easy to useSpreads may be wider than the industry norm
A diverse assortment of trading instrumentsThere are limited forex-specific educational resources
Traders can trade crypto directly and as CFDsCustomer service responses can be delayed.
Offers an interactive community for learning and exchanging techniquesNigerian traders may have to pay conversion costs when using USD as their account currency

 

Trust Score

 

eToro has a trust score of 90%

 

XM

 

This broker presents a favorable option for Polish traders for several reasons.

 

Moreover, their acceptance of PLN deposits and provision of PLN as an account-based currency facilitates seamless transactions and avoids currency conversion costs for Polish traders. This enhances convenience and cost-effectiveness.

 

XM offers a diverse range of trading instruments including Forex, stocks, commodities, indices, and cryptocurrencies, providing ample opportunities for portfolio diversification. The platform’s user-friendly interface, advanced charting tools, and analysis resources cater to traders of all levels.

 

XM - Best Forex Brokers in Poland

 

XM’s regulatory compliance with reputable authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC) instils trust and confidence among Polish traders.

 

Overall, XM’s combination of local currency support, diverse trading options, user-friendly platform, and regulatory adherence make it an attractive choice for traders in Poland.

 

Unique Features

 

Feature Information
🏛️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
🏛️ KNF Regulation❌No
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
💻 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, XM Mobile App
💰 Minimum Deposit$5
📉 Trading AssetsForex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares,
PLN-based Account?✔️ Yes
PLN Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

 

✅Pros❌Cons
The XM accounts are accessible to all types of tradersSpreads can fluctuate drastically and quickly
Traders can use leverage up to 1:1000There are position size limits according to the trading account
XM caters to various trading strategiesCompared to alternative brokerages, XM offers a relatively limited assortment of cryptocurrencies, which may restrict the range of options available to traders interested in acquiring a diverse selection of crypto assets.
There is a diverse range of tradable instrumentsTraders may incur inactivity penalties if their accounts remain inactive for prolonged durations. This situation may present a challenge for infrequent traders.
XM offers multi-currency accountsXM functions through the implementation of variable spreads, the magnitude of which traders may perceive as being greater during periods of heightened market volatility.
XM applies for negative balance protectionXM, in comparison to certain industry rivals, does not consistently provide fixed deposit advantages, potentially impeding traders who are in search of supplementary incentives.
A cent account is provided by XM, enabling traders, particularly novices in the field, to commence their endeavours with more modest investments while efficiently mitigating their risk exposure.A number of traders are perplexed by XM's fee structure, which varies by account category and has the potential to cause some users to become confused.
XM's platform provides traders with competitive margins that not only enhance cost-effectiveness but also possess the potential to optimise profits.Depending on the regulatory climate, traders whose strategies favour higher leverage ratios may face repercussions if XM is able to enforce leverage restrictions.
XM charges low spreads from 1.5 pips on NASDAQXM’s demo account is only available for 90 days if it is not used consistently
XM is known for its transparency and fair trading conditions across marketsThe spreads on instruments like NASDAQ can widen during volatile periods
XM offers several advanced tools to help traders refine their trading strategies on NASDAQ
There are four flexible account types, including a Shares Account

 

Trust Score

 

XM has a high trust score of 90%

 

AvaTrade

 

AvaTrade, coupled with its AvaTradeGO mobile app, stands out as an excellent option for traders in Poland.

 

Notably, AvaTrade is regulated by the Polish Financial Supervision Authority (KNF), ensuring compliance with local regulations and offering traders a sense of security.

 

Additionally, the AvaTradeGO app provides a seamless and intuitive trading experience, allowing traders to execute trades, access advanced charting tools, and monitor their portfolios on the go.

 

AvaTrade

 

Furthermore, AvaTrade offers a diverse range of tradable assets including Forex, stocks, indices, commodities, and cryptocurrencies, enabling Polish traders to diversify their portfolios effectively.

 

With competitive pricing, including tight spreads and low commissions, AvaTrade ensures cost-effectiveness for traders.

 

Overall, AvaTrade’s KNF regulation, user-friendly mobile app, diverse asset selection, and competitive pricing make it a compelling choice for traders in Poland seeking a reliable and comprehensive trading platform.

 

Unique Features

 

📝 RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
🏛️KNF Regulation✔️Yes
📱 Social Media PlatformsInstagram, Facebook, Twitter, YouTube
🔎 Trading AccountsRetail Account, Professional Account
💻 Trading PlatformsAvaTradeGO, AvaOptions, AvaSocial, MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade
💸 Minimum Deposit$100
🔁 Trading AssetsForex, Stocks, Commodities, Cryptocurrencies, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Contracts for Difference (CFDs), Precious Metals
🚀 PLN-based Account?❌No
💳 PLN Deposits Allowed?
💰 Bonuses for traders?✔️Yes
📊 Minimum spreadFrom 0.0 pips
✔️ Demo AccountYes
✔️ Islamic AccountYes
👉 Open Account👉 Open Account

 

Pros and Cons

 

✔️ Pros❌ Cons
AvaTrade is multi-regulated globallyAvaTrade is not regulated in Nigeria
AvaTrade offers several robust trading platforms across deviceThere are no Nigerian CFDs that can be traded
Traders can access several educational materials and trading toolsInactivity fees apply to dormant accounts
AvaTrade charges fixed spreads and zero commissionsAvaTrade does not offer 24/7 customer support
Nigerians can participate in social trading with AvaTrade

 

Trust Score

 

AvaTrade has a high trust score of 96%

 

FP Markets

 

FP Markets is renowned for its extensive experience and reputation in the industry, instilling trust and confidence among traders.

 

They provide a wide range of tradable assets including Forex, stocks, indices, commodities, and cryptocurrencies, allowing Polish traders to diversify their portfolios effectively. The broker offers competitive trading conditions such as tight spreads, fast execution, and low commissions, enhancing the trading experience for users.

 

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FP Markets is regulated by reputable authorities like the Australian Securities and Investments Commission (ASIC), ensuring a high level of security and reliability.

 

With a user-friendly trading platform, advanced tools, and excellent customer support, This Market caters to the diverse needs of traders in Poland, making it a suitable option for both novice and experienced traders alike.

 

Unique Features

 

Feature Information
🏛️ RegulationASIC, CySEC, FSCA, FCA and FSA
📝 KNF Regulation❌ No
📲 Social Media PlatformsLinkedIn
Facebook
Twitter
You Tube
💻 Trading AccountsMT4/5 Standard Account, an MT4/5 Raw Account, an MT4/5 Islamic Standard Account, and an MT 4/5 Islamic Raw Account
📊 Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
IRESS
FP Markets App
💰 Minimum DepositAU$100
📉 Trading AssetsForex Shares
Indices
Commodities
Cryptocurrencies
Bonds
ETFs
PLN-based Account?❌ No
PLN Deposits Allowed? ❌ No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Pros and Cons

 

✔️ Pros ❌ Cons
FP Markets' state-of-the-art technical infrastructure increases dependability and efficiency while providing traders with an unmatched trading experience.There are limited cryptocurrency trading possibilities
Traders receive comprehensive and knowledgeable customer support, ensuring prompt assistance and issue resolution.Beginners could benefit from more comprehensive educational materials
In order to gain the faith and confidence of traders, FP Markets, which is overseen by multiple international organizations like the FSCA, CySEC, ASIC, FSA, and FSC, places a high value on regulatory compliance.There are no forex-specific bonuses or promotional incentives
FP Markets offers a plethora of educational materials to help traders improve their trading skills.Customer support response time can be improved
To accommodate a broad range of trading tastes and needs, FP Markets provides a number of account types that are tailored to meet the unique needs of its clients.Due to FP Markets' global orientation, certain local payment methods may not receive equal weight.
FP Markets provides a vast array of analytical and charting tools via trading platforms like MetaTrader 5, IRESS, cTrader, and MetaTrader 5. With the aid of these tools, traders may make wise choices.Although FP Markets offers a large selection of products, certain traders may favour those found in local or niche markets.
The extensive global market network of FP Markets enables traders to customize their trading strategies for a variety of asset types.FP Markets charges withdrawal fees through a variety of payment methods; the precise amount is determined by the method used.
Dealers trade for less money and spend less money because to FP Markets' competitive spreads and low commission rules.

 

Trust Score

 

FP Markets has a high trust score of 87%

 

CMC Markets

 

CMC Markets is a spread betting and CFD (Contract for Difference) broker. This means you can interpret the price movements of financial instruments. For example stocks, currencies, and commodities without owning them directly.

 

CMC Markets

 

They don’t offer where you borrow shares and sell them hoping to purchase them back cheaper. However, CFDs can be used for similar strategies by taking a selling position on an asset you believe will decrease in value.

 

Unique Features

 

Feature Information
🏛️ RegulationBaFin, IIROC, FCA, ASIC, MAS, FMA, DFSA
🏛️ Polish Regulation❌No
📲 Social Media PlatformsYelp
Snapchat
Pinterest
Instagram
Facebook
Twitter
Messenger
Groupon
💻 Trading AccountsCFD, Spread Betting, Corporate
📊 Trading PlatformsMetaTrader 4, Next Generation, CMC Markets App
💰 Minimum Deposit$0
📉 Trading AssetsForex
Indices
Shares
Share baskets
Commodities
Crypto CFDs
ETFs
Treasuries
PLN-based Account?❌ No
PLN Deposits Allowed?❌ No
➕ Bonuses for traders?❌No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account❌No
BaFin Regulation✔️ Yes
👉 Open Account👉 Open Account

 

CMC Markets Pros and Cons

 

✔️ Pros❌ Cons
CMC Markets offers CFDs and spread betting across several asset classesWithdrawal and inactivity fees are a drawback for many traders
CMC Markets offers webinars and training modulesSome users report delays in customer service responses
CMC Markets' charting and technical analysis tools benefit advanced tradersCMC Markets has limited account types
The Next Generation platform is advanced and configurable, developed for user experience
CMC Markets has a solid regulatory framework

 

Trust Score

 

CMC Markets has a high trust score of 77%

 

Best Forex Brokers in Poland

 

Conclusion

 

Our Final Thoughts on the 7 Foremost Forex Brokers in Poland.

 

Selecting the best Forex broker in Poland involves careful consideration of factors such as regulatory compliance, trading conditions, asset variety, and customer support. Traders should assess their individual needs and preferences to choose a broker that offers reliability, security, and a tailored trading experience for optimal success.

 

Frequently Asked Questions

 

Can I trade Forex on my mobile device in Poland?

 

Yes, many Polish Forex brokers offer mobile trading apps that allow traders to access their accounts, execute trades, and monitor the markets on smartphones and tablets.

 

How can I contact customer support if I have issues with my Forex broker in Poland?

 

Polish Forex brokers typically provide customer support through various channels such as phone, email, live chat, and online contact forms. Traders can reach out to customer support for assistance with any issues or queries.

 

How can I learn more about Forex trading strategies and analysis in Poland?

 

Traders in Poland can learn about Forex trading strategies and analysis through educational resources provided by brokers, online courses, books, and attending seminars/webinars.

 

What trading platforms do Polish Forex brokers offer?

 

Polish Forex brokers offer a variety of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms developed by the brokers themselves.

 

Do I need any specific qualifications or licenses to trade Forex in Poland?

 

No specific qualifications are required to trade Forex in Poland. However, it’s essential to have a good understanding of the market and adhere to regulatory requirements.

 

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