5 Best Forex Brokers in Poland for 2024

List of Top Forex Brokers in Poland

Forex Trading in Poland

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.

How Did FX Empire Select The Best Brokers In Poland?

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:

• We selected trustworthy and transparent brokers with a top overall score based on our 250-data point rating system
• We prioritized brokers regulated by KNF or European top-tier regulators.
• We verified whether the brokers accept Polish residents.
• We preferred brokers that allow PLN as a base currency.
• We tested brokers’ trading platforms and selected those that offer user-friendly and feature-rich software.
• We evaluated both trading and non-trading fees to identify low-cost brokers.
• We prioritized brokers that provide a localized experience, including a website and customer support in Polish, as well as region-specific payment methods.

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.

How to Choose A Forex Broker In Poland?

Use our guide to define the best forex broker in Poland according to your trading goals.

How to choose a safe forex broker in Poland?

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.

• Tier-1 regulators have strict oversight and impose certain limits on services offered to retail clients (for example, the leverage for retail clients is usually limited at 1:30). Such regulators usually provide access to investor compensation schemes. They also demand that brokers provide negative balance protection and keep clients’ funds in segregated accounts. Tier-1 regulators include CySEC, ASIC, and UK FCA.
• Tier-2 regulators also offer strict oversight but usually do not limit leverage for retail clients. In addition, investor compensation schemes are typically not available at Tier-2 regulators. KNF in Poland is a good example of such a regulator.
• Tier-3 regulators are offshore regulators that do not impose limits on leverage for retail clients and do not provide access to compensation schemes. FSA Seychelles and FSC Mauritius are among Tier-3 regulators.
• Unregulated brokers operate without oversight from any formal financial regulatory authority. Unlike regulated brokers, which have to comply with rules and guidelines set by financial bodies to ensure transparency and protection for traders, unregulated brokers are not bound by such requirements. Trading with an unregulated broker carries a high level of risk, including the potential for financial loss, fraud, or scams.

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.

What fees should you focus on when choosing the broker?

Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.

• Spread. It is the difference between the bid and the ask price. The higher the spread, the more you pay for the trade. In our rating system, we deem spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low. See our guides on the best zero spread and best lowest spread forex brokers.
• Commission. It is a fixed cost of entering the trade. Accounts that charge commissions usually offer lower spreads. For example, commissions below $3 for forex pairs and gold are considered low.
• Swap/rollover fee. It is charged when you hold a leveraged position overnight. Traders should pay extra attention to these fees if they plan to use swing trading strategies, which involve holding positions for several days or even weeks. A swap rate below 0.5 pips for forex pairs is considered favorable. Find best lowest swap fees brokers.
• Inactivity fee. A broker imposes an inactivity fee when an account remains dormant for a specified period. In this case, a certain amount of money is charged monthly. An inactivity fee below $10 is considered to be low.

How to choose the right account for trading?

You should understand the differences between various types of accounts.

• Demo accounts are used for practice without risking real money. Such accounts are highly recommended for novice traders making their first steps in trading. Read more about Best forex demo accounts.
• Spread-based accounts typically charge spreads and swap/rollover fees. These accounts usually represent a good choice for traders whose trading volume is expected to be relatively modest.
• Commission-based accounts charge commissions in addition to spreads and swap/rollover fees. Typically, such accounts offer tighter spreads. They are suitable for traders who anticipate a high volume of trading.
• On Islamic accounts, swap/rollover fees are not charged to ensure compliance with Sharia law. Read more about Best Islamic forex accounts.
• Professional accounts usually have a high minimum deposit and offer access to the high leverage that most professional traders are looking for.

Check out our guides on Best ECN forex brokers and Best STP forex brokers.

How to choose a trading platform?

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.

What leverage is available for traders?

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.

What to avoid when choosing a broker?

Based on my trading experience, I have outlined the five things to avoid when choosing a broker:

• Failing to verify regulatory compliance.
• Overlooking broker fees, such as spreads, commissions, and swap rates.
• Selecting an account type that does not match your requirements.
• Neglecting to review the range of instruments provided by the broker.
• Avoiding direct communication with the support team before opening an account.

How to avoid forex and CFD scams?

To safeguard yourself against forex scams, follow these essential guidelines:

• Research and choose a reputable broker: Conduct thorough research to identify a broker with a solid reputation and a history of regulatory compliance. Verify its credentials and look for reviews or testimonials from reliable sources.
• Check the regulatory status: Ensure that the broker you selected is regulated by a recognized financial authority. This oversight provides a decent level of protection and ensures adherence to industry standards.
• Be cautious of unrealistic promises: Beware of brokers or investment schemes that promise guaranteed high returns or low-risk opportunities. Forex trading involves inherent risks, and legitimate brokers will not make unrealistic claims.
• Avoid unregulated entities: Steer clear of unregulated brokers or those operating from offshore jurisdictions with weak regulations. Regulatory oversight helps protect your funds and ensures fair trading practices.
• Understand the terms and conditions: Read and comprehend the broker’s terms and conditions, including fee structures, withdrawal policies, and any potential hidden costs. Beware of brokers that make it difficult to access or withdraw your funds.
• Use secure payment methods: Choose reputable payment methods that offer additional security layers, such as bank transfers or established electronic payment systems. Avoid dealing with brokers that solely accept cryptocurrency or other non-traceable forms of payment.
• Stay informed and educated: Continuously educate yourself about forex trading and stay updated on market trends and news. This knowledge will empower you to make informed decisions and identify potential scams.
• Trust your instincts: If something seems too good to be true or raises suspicions, trust your gut instinct and exercise caution. Take the time to seek advice from trusted financial professionals or consult with experienced traders before making any decisions.

Our Methodology

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:

• Trust and Stability
• Fees
• Platform and Tools
• Tradable Instruments
• Account Types
• Deposit and Withdrawal
• Research
• Customer Support
• Education

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.

Meet our Writers

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.

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