Best Forex Brokers in Poland for 2024
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.
Top 10 Best Forex Brokers in Poland for 2024
We have thoroughly analyzed dozens of companies and selected the most reliable and convenient Poland Forex and CFD brokers for trading. Below are detailed reviews of the best brokerage companies to help you make the right choice.
Our reviews include each broker's key features: terms of service, available trading instruments, account funding methods, platform quality, level of support, and much more. We also consider the experience of traders who have published reviews about these companies.
The comprehensive analysis allows us to highlight the strengths and weaknesses of brokers and compile a ranking of the top 10 companies that meet the needs of most traders in Poland. Carefully study our reviews and choose a reliable broker to start successful Forex and CFDs trading.
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.
Advantages of IC Markets EU
- Regulation. IC Markets is regulated by CySEC, which guarantees client funds protection and trading conditions fairness.
- A wide range of trading instruments. IC Markets clients can trade various assets, including currency pairs, stocks, indices, commodities, and cryptocurrencies.
- Low spreads. IC Markets offers some of the lowest spreads on the market, making trading more accessible and cost-effective.
- MetaTrader, cTrader and TradingView platforms. These platforms are widely recognized for their advanced trading features and analysis tools.
- Educational materials. The broker offers high-quality training materials suitable for beginners and experienced traders.
- Efficient customer support service. IC Markets clients note the high level of customer support service, which responds quickly and professionally to problems and questions.
Disadvantages of IC Markets EU
- High minimum deposit. The entry threshold for opening a trading account with IC Markets is relatively high and may be inconvenient for novice traders or those who do not want to invest large sums at once.
- A limited number of withdrawal options. The options for withdrawing funds from IC Markets are limited, which may cause inconvenience, especially for clients who prefer specific payment systems.
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.
Advantages of Pepperstone EU
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading instruments, including over 600 CFDs on stocks.
Disadvantages of Pepperstone EU
- 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.
Advantages of AvaTrade EU
- A wide selection of financial instruments. AvaTrade offers more than 60 currency pairs and CFDs on stocks, indices, commodities, cryptocurrencies, and other assets.
- Innovative trading platforms. AvaTradeGO, MetaTrader 4 and 5, and WebTrader provide convenience and functionality for trading.
- Educational resources. Access to an education center with video tutorials, articles, and other materials helps traders improve their skills and knowledge.
Disadvantages of AvaTrade EU
- Limited account options. The absence of market execution of orders, cent accounts, and fixed spread accounts may limit options for traders.
- Fees. Costs for account inactivity and maintenance may impact trading profitability.
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.
Advantages of CMC Markets EU
- Regulation. CMC Markets is regulated by leading financial authorities, including BaFin, ensuring client funds' security.
- Low trading fees. The broker offers competitive spreads and swaps and does not charge fees for deposits or withdrawals.
- Wide range of markets and products. CMC Markets provides access to various trading instruments, including currency pairs, stocks, indices, commodities, and cryptocurrencies.
- Trading platforms. Access to the popular MetaTrader 4 and CMC Markets platforms, which offer flexible settings and an intuitive interface.
- Analytics. The broker offers extensive analytical materials, including news from Reuters, an economic calendar, and technical analysis.
- Education. CMC Markets offers comprehensive educational materials, including webinars, seminars, and courses.
Disadvantages of CMC Markets EU
- Limited account options. The broker offers a limited number of account types, which may not meet the needs of all traders.
- Inactivity fee. The broker charges a monthly fee if an account remains inactive for 12 months.
- No online chat. While support is available 24/5, the lack of an online chat option may hinder instant communication with support.
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.
Advantages of FxPro EU
- A wide selection of trading accounts with various conditions, including standard and professional accounts.
- Various trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge, provide flexibility and convenience in trading.
- A diverse range of available markets and products, including currency pairs, CFDs on indices, stocks, commodities, futures, and cryptocurrencies.
- Analytical tools, including signals from Trading Central and Autochartist functionality.
- Extensive educational materials, including free courses, articles, videos, and webinars, contribute to the development of traders.
Disadvantages of FxPro EU
- An inactivity fee is charged after six months of no position opening or closing.
- Absence of cent accounts and services for copying trades of successful traders.
6. FXCM
FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.
However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.
The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.
Advantages of FXCM
- High level of regulation. Security and reliability in broker dealings.
- Diverse methods for deposit and withdrawal. Convenience and flexibility in financial transactions.
- Wide range of markets and products for trading. Opportunities for diversification and choice.
- A broad spectrum of trading platforms. Ease and flexibility in trading.
- Analytics. Extensive and quality materials for making informed decisions.
- Technical support. Quick and efficient help in solving emerging issues.
Disadvantages of FXCM
- Insufficient variety of trading accounts. Limited options for different types of traders.
- Inactivity fees and commissions for bank transfer withdrawals. Additional expenses that can reduce overall profitability.
- Protracted account opening and verification process. It can take up to 3 days, delaying the start of trading.
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.
Advantages of Deriv EU
- Well-regulated with robust trader protection.
- 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.
Disadvantages of Deriv EU
- Absence of specific account types like fixed-spread and swap-free accounts.
- 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.
Advantages of Admirals EU
- Regulation. Admirals is regulated by several leading financial authorities, including the FCA in the UK and CySEC in Cyprus, ensuring high reliability and security.
- Trading Fees. Trading commissions are set at a competitive level, making trading with Admirals cost-effective.
- Wide Range of Payment Methods. Clients can deposit and withdraw funds using various convenient payment methods, including bank transfers, credit/debit cards, and electronic wallets.
- Analytics. Admirals offers extensive analytical resources, including an economic calendar, trading news, weekly podcasts, and technical and fundamental analyses.
- Education. The broker provides a rich collection of educational materials, including webinars, articles, guides, and e-books.
Disadvantages of Admirals EU
- Inactivity fee. Admirals charges a fee if an account remains inactive for a certain period, which may be undesirable for some investors.
- Support. Although the support service provides multiple communication channels and quick responses, some users sometimes complain about its intrusiveness and note unprofessionalism. Additionally, information about the support service's working hours is missing from the Admirals website.
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.
Advantages of ActivTrades Europe
- Regulation. ActivTrades is a regulated broker with licenses from leading financial regulators such as the FCA and CySEC. This provides broker's clients with protection and reliability.
- Wide range of instruments. ActivTrades offers access to a wide spectrum of trading instruments, including currency pairs, CFDs on stocks, indices, and commodities, allowing traders to diversify their trading.
- Trading Platforms. ActivTrades offers popular trading platforms MetaTrader 4, MetaTrader 5, TradingView and its own ActivTrader platform. These platforms provide traders with various features, indicators, and tools for analysis.
- Educational materials. The broker provides an extensive set of educational materials, including webinars, videos, articles, and guides, which helps traders of different experience levels to improve their trading skills.
- Professional Support Team. ActivTrades' support service stands out for its high level of professionalism, ensuring effective and knowledgeable communication with clients, thus enhancing the overall trading experience.
Disadvantages of ActivTrades Europe
- Lack of diversity in trading accounts. ActivTrades offers a limited number of types of trading accounts, which may not meet the needs of all traders, especially those looking for more flexible trading conditions or special offers for different levels of experience and trading volumes.
10. Oanda
OANDA Europe best suits intermediate to advanced traders who value a regulated trading environment, diverse market access, and robust trading platforms. These traders will likely benefit the most from OANDA's offerings and may find the limited educational resources and support hours less of a concern. Beginners might need to supplement their learning with external resources.
Advantages of Oanda EU
- Strong reliability and stringent regulation across multiple jurisdictions, ensuring high client protection and financial integrity.
- Competitive fee structure with no charges for deposits and withdrawals, and low spreads on major currency pairs.
- Efficient and secure processes for account funding and withdrawals, adhering to regulatory compliance.
- Extensive market and product offerings, catering to diverse trading preferences.
- High-quality trading platforms with advanced functionality and integration with TradingView.
- Comprehensive analytics providing valuable market insights and essential data for informed trading decisions.
Disadvantages of Oanda EU
- Limited diversity in account offerings.
- Potential high swap fees for some currency pairs and an inactivity fee.
- Limited educational resources with a sparse blog offering, not fully meeting the learning needs of traders.
- Technical support is unavailable 24/7 and lacks instant digital communication options like online chat or messaging.
How We Compiled the List of the Best 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.
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 to Choose the Best Broker
Choosing a reliable and high-quality Forex broker is the key to successful trading in the currency market. When selecting the best broker, pay attention to the following key points:
Licensing and Regulation. Ensure a reputable European regulator licenses the broker, such as CySEC, BaFin, or KNF. This guarantees the transparency of the company's operations.
Reputation and Reviews. Study reviews of real clients about the broker from independent sources. This will help form an objective opinion.
Trading Conditions. Compare spreads, commissions, and minimum deposit. Opt for the most advantageous conditions.
Platforms and Instruments. Ensure the broker offers convenient trading platforms and a sufficient range of instruments.
Customer Support. Evaluate the quality and responsiveness of the broker's support - an essential aspect of reliability.
Funds Safety. Find out how the broker ensures the security of client funds.
Careful selection of a reliable broker according to crucial parameters will provide favorable conditions for effective trading and long-term success on the Forex industry.
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.
Conclusion
Choosing a reliable broker that meets Poland's regulatory requirements is essential for successful Forex trading. Factors such as fund safety, platform convenience, trading conditions, and quality of service play a crucial role in decision-making.
Our ranking of the best Forex brokers in Poland is designed to help traders make an informed choice. It is based on in-depth market analysis and real company customer experiences. Use our list to choose a reliable partner for trading on the Forex market. We wish you successful deals and steady profits!
