Best Forex Brokers in Poland for 2024
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Poland based on our analysis:
- 1
IC Markets EU - Best broker in Poland - A wide range of trading assets. Low spreads. Variety of trading platforms. - 2
Pepperstone EU - Wide selection of trading platforms. Tight spreads and favourable trading conditions. A large number of trading instruments, including over 600 CFDs on stocks. - 3
AvaTrade EU - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 4
CMC Markets EU - Low trading fees. Wide range of markets and products. Access to the popular MetaTrader 4 and CMC Markets platforms. - 5FxPro EU - A wide selection of trading accounts. Various trading platforms. A diverse range of available markets and products.
- 6
FXOpen - Wide range of trading assets. Low spreads and commissions. Support for various trading platforms. - 7
Deriv EU - Simple and fast account opening process. Low commission structure. Convenient methods for account funding and withdrawal without commission. - 8
- 9
ActivTrades Europe - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 10
HF Markets EU - Wide selection of trading assets. A variety of educational materials and analytical reviews. Customer support is available in many languages.
In 2024, the Forex market offers traders an extensive choice of brokers, each with advantages and features. Our Top 10 Best Forex Brokers in Poland, compiled based on a thorough analysis of critical criteria, will help you find the optimal trading platform that fully meets your strategy and guarantees the security of your funds.
List of the Best Forex Brokers in Poland in 2024
1. IC Markets
IC Markets EU is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets EU
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
2. Pepperstone
Pepperstone EU is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone EU
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- A large number of trading instruments, including over 600 CFDs on stocks.
Cons
- Lack of diversity in types of trading accounts.
3. AvaTrade
AvaTrade EU is well-suited for traders seeking a variety of trading instruments and user-friendly trading platforms. It can appeal to both beginners looking to start trading and experienced traders who want to expand their knowledge and skills.
Pros and Cons of AvaTrade EU
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
4. CMC Markets
CMC Markets EU has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.
We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you seek a trustworthy and reputable broker with extensive experience.
Pros and Cons of CMC Markets EU
Pros
- Low trading fees.
- Wide range of markets and products.
- Access to the popular MetaTrader 4 and CMC Markets platforms.
- Extensive analytical materials.
- Comprehensive educational materials.
Cons
- Limited account options.
- Inactivity fee.
- No online chat.
5. FxPro
FxPro EU provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. The company offers extensive educational materials and analytical tools to aid in decision-making.
This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro EU
Pros
- A wide selection of trading accounts.
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. FXOpen
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
7. Deriv
Deriv Europe is ideally suited for traders who value a secure, well-regulated trading environment with a straightforward approach. It is particularly beneficial for those starting trading due to its user-friendly platforms and simple account management processes.
Pros and Cons of Deriv EU
Pros
- Simple and fast account opening process.
- Low commission structure.
- Convenient methods for account funding and withdrawal without commission.
- High-level technical support with fast and quality responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are limited to a blog and lack comprehensive learning resources.
8. Admirals
Admirals EU is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals EU
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
9. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5, and TradingView platforms.
Pros and Cons of ActivTrades Europe
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional support team.
Cons
- Lack of diversity in trading accounts.
10. HF Markets
HF Markets Europe is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for European traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets EU
Pros
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
- Customer support is available in many languages.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
Regulation of Forex Brokers in Poland
In Poland, the activities of companies in the Forex market are regulated by the Polish Financial Supervision Authority (KNF) to protect the interests of traders and the integrity of the financial market.
The KNF establishes licensing rules for brokers, capital requirements, segregation of client funds, and leverage limits. Brokers are required to warn clients about the risks of trading with leverage.
Thanks to this regulation, Polish traders can be confident in the reliability of licensed Forex brokers and the security of their funds even if a company goes bankrupt.
Such strict supervision by the KNF creates favorable conditions for safe Forex trading in Poland. Traders can focus on trading strategies without worrying about fraud and unethical practices of illegal intermediaries.
The regulation gives beginner Forex traders additional peace of mind when choosing a broker and provides strong incentives for companies to operate transparently and comply with all rules. This improves the overall trust and stability in the financial market in Poland.
How We Compiled the List of Top Forex Brokers in Poland
The selection of the best trading platforms for Forex in Poland is based on balanced and comprehensive criteria:
The list of companies is formed based on our overall Forex brokers ranking.
The assessment of each broker is given according to our detailed analysis methodology.
All presented Forex brokers operating in Poland.
These standards ensure that our list of the best brokers in Poland meets high-reliability requirements and offers optimal conditions for trading in the currency market.
FAQ
Is Forex trading legal in Poland?
Yes, Forex trading is legal and permitted for citizens of Poland.
What is the best Forex trading platform in Poland?
Among the best trading platforms in Poland are MetaTrader 4, MetaTrader 5, and cTrader. Choose a reliable broker that will provide access to these platforms.
What starting capital is needed for trading Forex in Poland?
The minimum deposit with brokers in Poland is usually 200 to 500 PLN. But starting with an amount of at least 2000 PLN is recommended.
Can you trade Forex without a broker in Poland?
According to Polish legislation, trading through a regulated broker is mandatory for Polish citizens.
Do you need to pay taxes when trading Forex in Poland?
Yes, trading income is subject to income tax. The tax rate is 19% of net profit.
What leverage is available for Polish traders?
According to ESMA regulation, the maximum leverage for retail traders from the EU is 1:30.
How to check if KNF regulates a broker?
It is necessary to ensure the broker has a license issued by the Polish Financial Supervision Commission (KNF). You can go to the official KNF website and check for the broker in the register of licensed companies. The broker's website should also state the KNF license number. You must ensure the license is valid and the online broker has the right to provide financial services in Poland.
What are ESMA and MiFID II regulations?
These are European Union regulations that establish Forex trading rules to protect investors and market integrity.
ESMA (European Securities and Markets Authority) is the EU regulatory body that sets common standards across European financial markets.
In 2018, ESMA introduced several Forex trading restrictions for retail investors from EU countries: leverage limits, negative balance protection, a ban on bonuses, and more.
MiFID II (Markets in Financial Instruments Directive II) is an EU directive on financial instrument markets to increase market transparency and investor protection by imposing additional company requirements.
The ESMA and MiFID II regulations make Forex trading in Europe safer and fairer for traders.
