Searching for the top forex broker in Poland? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.
Poland boasts one of the most dynamic and rapidly expanding financial markets in Central Europe, fueled in part by its strong economy and dedication to financial innovation. The market offers a diverse range of assets, from Forex and commodities to stocks and indices. Key trading centers like Warsaw enhance the market’s overall liquidity and appeal, making it an attractive hub for both domestic and international traders.
Forex trading in Poland is both legal and regulated, supervised by the KNF (Komisja Nadzoru Finansowego) and subject to oversight by ESMA (European Securities and Markets Authority). Additionally, brokers operating in Poland must comply with MiFID II (Markets in Financial Instruments Directive II) regulations.
Compliance mandates obtaining proper authorization from regulatory authorities and fulfilling obligations aimed at boosting investor protection and combating money laundering. Owing to MiFID II, all EU-regulated brokers can serve residents in any EU member state, allowing Polish traders to opt for any EU-regulated brokerage.
To choose the best brokers in Poland, we used the FX Empire’s proprietary rating system to find the leaders in each category. We focused on the following key features:
Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.
Now, let’s explore the selected brokers.
Plus500 is a globally recognized brand with a strong presence in Poland. It sponsors Legia Warsaw, one of the country’s biggest football clubs. Established in 2009, Plus500 functions as a market maker and delivers fast order execution speeds.
Regional Features:
Plus500 impresses with its wide range of tradable instruments exceeding 2800 CFDs (forex, commodities, shares, indices, and others), options, and futures contracts. Its main trading account features commission-free trading and floating spreads around 0.8 pips, accommodating most types of trading strategies.
Plus500’s web trader platform has a sleek design and high customizability. It features a highly intuitive market sentiment tool, allowing traders to gauge the ever-changing market dynamics. The platform also features over 100 analytical tools for examining price action behavior.
In addition to its wealth of supporting tools and features, Plus500 shines with its innovative guaranteed stop order. It gives traders greater control over their positions, especially in highly volatile markets, and the ability to manage tight risk.
Founded in 2002, XTB is a publicly traded company listed on the Warsaw Stock Exchange. The broker is regulated by a few top-tier European authorities, including KNF, and offers trading in forex pairs, indices, commodities, stocks, and ETFs.
Regional Features:
XTB clients benefit from the in-house xStation 5 platform, accessible across web, desktop, and mobile interfaces. The platform boasts a sleek design, cutting-edge charting capabilities, and real-time analytics on trading performance. Traders have access to the analysis from the in-house team via the xStation 5 platform. Beyond trading tools, XTB excels in educational content, offering an extensive library of articles and instructional videos.
Talking about fees, XTB offers competitive spreads in forex pairs. For example, our tests showed that EUR/USD spread varied between 0.8 and 0.9 pips, while GBP/JPY spread was 1.6, which is low compared to the industry average. XTB offers the typical deposit methods, including bank transfer, credit cards, and Skrill. However, withdrawals are limited to a bank transfer. I appreciated that XTB doesn’t impose any deposit or withdrawal fees.
Founded in 2010, IronFX operates as a forex and CFD broker, catering to a global client base of over 1.5 million. Regulated by CySEC, FCA, and FSCA, it offers a diverse range of more than 500 tradable instruments across forex, commodities, indices, stocks, and futures. Thanks to extensive educational and research resources and availability of seven different account types I’ve determined that IronFX is well-suited for beginners.
Regional Features:
IronFX offers its clients access to the widely-used MetaTrader 4 platform. The broker’s clients can use automated trading via MetaTrader’s Expert Advisors feature and engage in copy trading with the broker’s AutoTrade function. The broker provides strong educational support, including hundreds of educational videos, four eBooks, as well as webinars and podcasts.
IronFX offers over 500 tradable instruments, including stocks from European exchanges. Several commodities are available for trading in pairs with the euro, which is particularly advantageous for Poland-based clients. Traders can choose between spread-based and commission-based accounts.
Our tests revealed that IronFX’s trading costs are below industry standards. For example, the EUR/USD spreads fluctuated between 0.9 and 1.0, while WTI oil spreads stood at 0.04. Importantly, IronFX does not charge deposit, withdrawal, or inactivity fees.
Established in 2005, FP Markets is headquartered in Australia and has other offices worldwide. The broker operates on a No-Dealing-Desk (NDD) and offers over 800 trading opportunities in forex pairs, commodities, stocks, indices, ETFs, and cryptocurrencies. FP Markets, overseen by regulatory bodies such as CySEC and ASIC, adheres to a ‘best execution policy,’ guaranteeing that orders are executed optimally at the most advantageous prices.
Regional Features:
My research indicated that FP Markets offers a diverse array of tradable instruments, including stocks from EU exchanges. The broker also provides VPS hosting, a valuable feature for algorithmic traders. Qualified advanced traders can unlock leverage ratios as high as 1:500 through the Pro Account.
The broker integrates the well-known MetaTrader 4 and 5 platforms, along with the cTrader platform. MT4 users can take advantage of the ‘Traders Toolbox,’ a suite of 12 specialized tools. These include the Correlation Trader for comparing symbol correlations, Sentiment Trader for assessing market sentiment, and Excel RTD for embedding real-time account, ticket, and price data into Excel. From my own experience, correlation tools are particularly valuable for uncovering new trading opportunities
Our tests showed that FP Markets offers mid-to-low spreads compared to the broader industry. For example, during my live testing, the EUR/USD spreads varied between 1.0 and 1.2, while the GBP/JPY spreads hovered between 1.5 and 1.9. The broker does not impose deposit, withdrawal, or inactivity fees.
AvaTrade was founded in 2006 and is headquartered in Ireland. The broker offers more than 1250 instruments across multiple asset classes. There are two available instrument contract types – CFDs and options – that allow traders to better manage their market exposure. AvaTrade operates as a market maker, which accommodates faster order execution and is more suitable for high-frequency trading.
Regional Features:
I was impressed by AvaTrade’s assortment of trading platforms. It offers the renowned MetaTrader 4&5 and its proprietary Web Trader platform which provides more advanced charting capabilities and is the go-to choice for conducting probing technical analysis.
AvaTrade also incorporates DupliTrade, which is one of the biggest retail platforms for social trading, connecting signal providers and signal followers worldwide. The platform has advanced filters, which allow for quick and comprehensive trading strategies search.
Moreover, the broker provides AvaOptions – a platform specifically tailored for options trading. Its greatest advantage is that it allows traders to better assess volatility changes and thereby position themselves on the market accordingly.
AvaTrade offers commission-free accounts for beginner traders with floating spreads around 0.9 pips. After reviewing all of its costs, I determined that they fall marginally below the industry average.
Use our guide to define the best forex broker in Poland according to your trading goals.
The process of choosing a broker begins with learning where your potential broker is regulated. In our research, we divide regulators into three tiers: Tier-1, Tier-2, and Tier-3.
Check out our guide on Best European regulated brokers.
Traders should prioritize essential safeguards such as negative balance protection, segregated funds, and compensation funds, all of which offer reassurance in case of financial issues. Traders should note that offshore regulators do not impose strict limits on leverage, allowing traders to access high levels of leverage but offer lower levels of protection. You should be aware that compensation schemes may not be available. Consequently, if a broker faces financial difficulties, traders will have to navigate the situation independently.
All brokers from our list are regulated by the Cyprus Securities and Exchange Commission (CySEC). We rate CySEC as a Tier-1 regulator as it provides the maximum level of oversight and protection, including negative balance protection, segregated funds, and a compensation scheme. One broker is also regulated by the Polish KNF which we define as a Tier-2 regulator.
Read more about best CySEC-regulated brokers and best BaFin-regulated brokers.
Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.
You should understand the differences between various types of accounts.
Check out our guides on Best ECN forex brokers and Best STP forex brokers.
In today’s trading landscape, you’ll often encounter brokers offering platforms like MetaTrader 4 and MetaTrader 5. While these platforms come loaded with a plethora of tools, they are generally more suitable for traders who have some experience under their belt. Beginners might find these platforms challenging at first and may require some time to get acquainted with their complexities.
Read more about best MT4 brokers and best MT5 brokers.
Alternatively, some brokers offer their own proprietary trading platforms, designed with a broader range of traders in mind. These in-house platforms usually stand out for their ease of use and intuitive navigation, making them a more welcoming option for those new to trading.
The choice of a trading platform should align with your trading style, experience, and personal preferences. In my view, if you’re just starting out, you’ll likely be better served by a broker’s proprietary, user-friendly platform or mobile app. On the other hand, seasoned traders often lean towards the advanced functionalities offered by platforms like MT4 or MT5.
Check out our dedicated guide on Best forex trading platforms.
Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The higher the leverage, the greater your potential profits may be. However, leverage can be a double-edged sword, as it can also magnify potential losses. Thus, I would advise beginner traders to start with low levels of leverage to avoid the risk of substantial losses.
The maximum potential leverage a broker can offer is determined by the regulator. Poland-based traders have access to the CySEC-regulated entities of brokers. CySEC, which is the leading European regulator for CFD brokers, limits leverage at 1:30 for retail clients. KNF also limits leverage for retail clients at 1:30. Professional retail clients, who meet certain conditions regarding their trading expertise and the value of the positions traded in the past, can get access to leverage of 1:100.
Read more about Best high leverage forex brokers.
Based on my trading experience, I have outlined the five things to avoid when choosing a broker:
To safeguard yourself against forex scams, follow these essential guidelines:
FX Empire, with a history dating back to 2011, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.
We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects the performance of a broker. Our mission is to provide traders with thorough and unbiased reviews, empowering you to make well-informed decisions aligned with your specific needs.
To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance. The categories include:
We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as possible for each broker. Overall, we evaluate brokers based on more than 250 distinct data points. Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.
For this guide, I focused on the brokers that accept clients from Poland and are either regulated by Poland’s KNF or top-tier European authorities. In addition, we leaned toward brokers that cater to local preferences, featuring PLN as a base currency, a Polish-language website, customer support proficient in Polish, and payment methods commonly used in the region.
We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.