Our Forex Brokers in Poland review has analyzed dozens of brokers to determine the most competitive options. We have also provided some useful tips to give beginners a viable blueprint to consider when they start Forex trading in Poland.
- ACY Securities, Swap-free trading with the MT5 trading platform.
- Plus500, multi-asset and CFD broker.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- FP Markets, ECN trading with leverage up to 1:500.
- Pepperstone, Great ECN execution on MT4 platform.
Best Polish Brokers Comparison
| | | | | |
Regulators | ASIC | ASIC, CySEC, FCA, FMA, FSCA, MAS | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CySEC, FSCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Year Established | 2011 | 2008 | 2006 | 2005 | 2010 |
Execution Type(s) | ECN/STP, Market Maker | Market Maker | Market Maker | ECN/STP | No Dealing Desk, NDD |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 1.1 pips ($11.00) | 1.3 pips | 0.9 pips | 1.2 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.1 pips ($11.00) | 1.7 pips | 1.5 pips | 1.4 pips | 1.6 pips |
Average Trading Cost Gold | $0.15 | $0.34 | $0.29 | $0.16 | $0.20 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5 | Proprietary platform, Web-based | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, cTrader, Trading View |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Get Started Visit Website80% of retail CFD accounts lose money | Visit Website | Visit Website | Visit Website |
ACY Securities
In Summary Swap-free trading with the MT5 trading platformACY Securities upgrades MT4/MT5 with 15 high-quality plugins but presents its most notable competitive edge with Capitalise AI, enabling algorithmic trading in a code-free environment. Copy traders can diversify via embedded MT4/MT5 services, fee-based Signal Start, or SoFinX Copy Trading. It makes ACY Securities one of the best Forex brokers in Poland.
Traders also benefit from deep liquidity via 16 tier-1 global banks, high-speed order execution under 30 milliseconds, and a well-balanced asset selection of 2,200+ CFDs, including ETFs and futures. Commission-based fees start from raw spreads from 0.0 pips for a commission of $6.00 per 1.0 round lot.
Pros & Cons
- Large repository of daily analysis and educational content
- Low spreads starting at 0 pips in the Spread Zero account
- 16 payment processors, including cryptocurrencies
- Competitive trading fees in its commission-based accounts
- Only 1 regulator
Plus500
In Summary multi-asset and CFD brokerPlus500 is a global Forex broker founded in 2008. It maintains an excellent regulatory environment provided by the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, the FMA in New Zealand, the FSCA in South Africa, the FSA in Seychelles, and the MAS in Singapore. Plus500 offers traders a choice of more than 2,800 assets to trade, including nearly 900 options contracts, in a commission-free trading environment. This extremely wide range of choice can make Plus500 an appropriate choice for traders looking to pursue wide diversification of assets. Plus500 is licensed to offer CFDs through ASIC (AFSL #417727), and through the FMA (FSP #486026), for licensed CFDs in New Zealand. Plus500 trading services are also available in South Africa (Authorised Financial Services Provider #47546).
Pros & Cons
- Broad asset selection in equities and options
- Free and unlimited demo account
- Advanced free-of-charge analytical trading tools
- Global and regulated fintech platform
- Sub-standard trading platform without support for automated or social trading
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsTraders get a well-balanced asset selection, including cryptocurrencies, ETFs, and options. Besides MT4/MT5, AvaTrade offers its proprietary WebTrader and mobile app AvaTradeGO, with Trading Central and specialized trading platforms Ava Option and Ava Social. It lands AvaTrade on top of our Forex brokers in Poland list for most trading platform choices.
AvaTrade maintains a Polish website and caters to Polish Forex traders from its CySEC-regulated subsidiary. The Guardian Angel plugin for MT4 is a quality beginner tool, and DupliTrade caters to copy traders. AvaTrade also provides a high-paying affiliate program with 145,000 registered partners and $300,000,000+ in commission payouts.
Pros & Cons
- High quality educational offering via AvaAcademy
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- Trading costs competitive but nothing special
FP Markets
In Summary ECN trading with leverage up to 1:500FP Markets upgrades the out-of-the-box MT4/MT5 trading platforms with 12 plugins, Autochartist, and Trading Central. This places FP Markets among the brokers with the most trading platform upgrades from our Forex brokers in Poland listing. MAM/PAMM accounts cater to traditional account management services. FP Markets offers its in-house copy trading solution alongside fee-based Signal Start and embedded alternatives in MT4, MT5, and cTrader.
VPS hosting ensures 24/5 low-latency Forex trading, and FP Markets maintains a well-balanced asset selection, including cryptocurrency, bond, and ETF CFDs. The FP Markets Raw account provides a competitive, commission-based pricing environment ideal for scalpers.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
Pepperstone
In Summary Great ECN execution on MT4 platformPepperstone makes our Forex brokers in Poland list for the best trading platform upgrades. Its Smart Trader Tools upgrade package for MT4/MT5 consists of 28 plugins, and traders additionally get Autochartist. The availability of Capitalise AI, which supports algorithmic trading in a code-free environment, sets Pepperstone apart from most competitors, as few offer it to EU traders.
Polish Forex traders will deal at the CySEC-regulated Pepperstone subsidiary. Customer support is available 24/5 + 18/2, and the finance department executes same-day withdrawals. Besides the MT4/MT5 platforms, traders can use cTrader or connect their accounts with 50M+ social traders at TradingView.
Pros & Cons
- Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
- Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
- Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
- Leverage of up to 1:30 and superb trade execution
- Demo accounts have 30-day time limits
Forex Trading in Poland
Since 2018, Poland joined the ranks of developed economies, ranking among the fastest-growing EU economies. Poland has a low unemployment rate of 2.8% and is the business hub of central Europe, with 40% of the 500 largest companies in Poland. Poland also belongs to a few economies with annual GDP exceeding $1 trillion, has a wealthy stock exchange, and is home to a leading international Forex broker.
Poland emerged as a core growth market, and the brokers from our Forex brokers in Poland review provide Polish-resident Forex traders with competitive trading conditions. Cryptocurrency trading is also popular, and Poland has many retail account managers and signal providers. Deposits by Polish Forex traders are above average, adding to its appeal for Forex brokers.
What to Look for in a Forex Broker from Poland
- Regulation - A clean regulatory track record spanning 10+ years.
- Low trading fees - A competitive cost structure and low swap rates, including positive ones.
- Trading platforms - Algorithmic, copy, and mobile trading capabilities.
- Asset diversity - A balanced asset selection.
- Deposits/Withdrawals - No deposit fees and low minimum transaction requirements.
Forex Trading Regulations in Poland
As Poland is an EU member, the ESMA is the ultimate Forex regulator. The Polish Financial Supervisory Authority (PFSA) regulates the domestic financial market and ensures brokers comply with ESMA rules and regulations, including the Markets in Financial Instruments Directive II (MiFID II). Most brokers from our Forex brokers in Poland review serve Polish Forex traders from an EU-based subsidiary.
How Much Is Forex Leverage in Poland?
Per ESMA restrictions, since 2018, Polish retail Forex traders get a maximum Forex leverage of 1:30, and professional accounts qualify for 1:500. Negative balance protection is available at all brokers from our Forex brokers in Poland review.
How to Start Forex Trading in Poland
Beginners can shorten their learning curve by considering my tips below. This will also highlight areas of study they should focus on before opening an account.
Our Forex Trading Tips
- Begin with in-depth education.
- Approach and respect Forex trading as the highly skilled profession that it represents.
- Trading psychology separates up to 90% of unprofitable traders from profitable ones.
- Understand the leverage-risk management relationship.
- Leverage magnifies profits and losses.
- Risk management and the trading strategy are equally important.
- A suitable trading strategy reflects your personality.
- Low trading fees determine the competitiveness of a trading environment.
- Master take profit and stop loss placement.
What Is the Best Trading Platform in Poland?
MT4, available at all brokers from our Forex brokers in Poland review, is the best trading platform, as it is the leading algorithmic Forex trading platform. Algorithmic trading accounts for 80%+ of daily Forex trading volume.
Forex Trading Taxation in Poland
Forex traders in Poland must pay taxes. Our Forex brokers in Poland review found that income below PLN 30,000 remains tax-free, while income above PLN 1,000,000 incurs a 4% solidarity tax on the excess of this amount. The corporate tax rate is 19%.
Potential Forex trading taxes in Poland consist of the following:
- 12% income tax rate on income below PLN 120,000 - PLN 3,600
- 32% income tax rate on income above PLN 120,000 + PLN 10,800
- 4% solidarity tax on income exceeding PLN 1,000,000 + income tax
Forex traders in Poland must consult a legal professional to seek tax advice in Poland to ensure compliance with local rules and regulations.
Pros & Cons of Forex Trading in Poland
Pros of Forex Trading in Poland
- Lower capital requirements
- 24/5 decentralized market
- Low-latency algorithmic trading
- Copy and social trading via mobile apps.
- Passive income opportunities
Cons of Forex Trading in Poland
- Restrictive retail leverage
- No bonuses or incentives
- Manual trading in an algorithm-dominated market
- Disconnect between leverage and its relationship to risk management.
Bottom Line
Poland is a fast-growing Forex market, and many brokers cater to the above-average deposits of Polish Forex traders. All brokers from our Forex brokers in Poland listing provide a competitive edge and offer unique trading tools. Algorithmic trading among Polish Forex traders is popular, but millennial and GenZ traders additionally drive copy trading demand. As an economic and financial hub in central Europe, Poland is home to many retail account managers and signal providers, making Poland a fast-emerging globally significant Forex center.
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FAQs
Is Forex trading legal in Poland?
Is Forex trading tax-free in Poland?
What is the best trading platform in Poland?
Does MetaTrader work in Poland?
How to start Forex trading in Poland?
