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.
- 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.
- Eightcap, Competitive pricing + excellent daily videos.
- BlackBull Markets, Best ECN trading environment, with scalping and hedging.
Best Polish Brokers Comparison
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Regulators | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CySEC, FSCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | ASIC, CySEC, FCA, SCB | FMA, FSA |
Year Established | 2006 | 2005 | 2010 | 2009 | 2014 |
Execution Type(s) | Market Maker | ECN/STP | No Dealing Desk, NDD | ECN/STP, Market Maker | ECN/STP, No Dealing Desk |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 0.9 pips | 1.1 pips | 1.1 pips | 1.0 pips | 1.3 pips |
Average Trading Cost GBP/USD | 1.5 pips | 1.4 pips | 1.6 pips | 1.2 pips | 2.0 pips |
Average Trading Cost Gold | $0.29 | $0.21 | $0.20 | $0.12 | $0.90 |
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5, Web-based+ | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, cTrader, Trading View | MetaTrader 4, MetaTrader 5, Trading View | MetaTrader 4, MetaTrader 5, Trading View |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
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 SharpTrader
- 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
Eightcap
In Summary Competitive pricing + excellent daily videosBeginners receive quality education and research via Eightcap Labs and Eightcap Trade Zone, making Eightcap one of the leading brokers within our Forex brokers in Poland listing for new traders. Besides the out-of-the-box MT4 trading platform, Eightcap connects social traders to TradingView, where 50M+ traders exchange ideas and share trades. News traders benefit from the AI-powered economic calendar.
Eightcap maintains a cutting-edge trading infrastructure with fast order execution and deep liquidity pools, making it ideal for demanding algorithmic traders and scalpers. Polish-resident Forex traders will deal with the FCA-regulated subsidiary in the UK, offering USD/PLN and EUR/PLN currency pairs.
Pros & Cons
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
- Limited leverage in some areas
BlackBull Markets
In Summary Best ECN trading environment, with scalping and hedgingBlackBull Markets shines with its superb data feeds from 66+ third-party providers, deep liquidity pools, and outstanding asset selection, featuring 26,000+ assets, which include 12 PLN currency pairs. It makes Black Bull Markets the broker within our Forex brokers in Poland listing with the most advanced trading environment.
Besides MT4/MT5, upgraded via Autochartist, traders may use cTrader and the proprietary mobile app BlackBull Trader. Social traders can connect their accounts to TradingView, where they may engage with 50M+ traders to share and discuss trades. Copy traders can diversify via the proprietary BlackBull Markets alternative, ZuluTrade, and Myfxbook Autotrade.
Pros & Cons
- ECN/NDD execution model with deep liquidity
- Institution-grade pricing for retail traders via proprietary price aggregation
- ZuluTrade and Myfxbook for social trading
- Leverage of up to 1:500
- Limited deposit options
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.
You might also be interested in reviewing the below top brokers:
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- Top Forex Brokers in Ireland
- Best Forex Brokers in Netherlands
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?
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