Poland is a big country with over 38.3 million population in Central Europe. As such, there is a big trading community and Forex trading is well known between the population in Poland. According Survey of Triennial Central Bank from 2016, there are 61 000 forex trades in Poland.
The local regulator is the Polish Financial Supervision Authority (KNF), but the trader could choose from a big number of brokers regulated in European union and offshore regulated brokers which offer higher leverage.
If you live in Poland and want to trade forex the first thing that you must have in mind is the regulation of the broker. Stronger regulations like FCA in the United Kingdom or the local regulations from KNF come with some restrictions. Brokers regulated under ESMA are not allowed to give any bonus related to trading volumes to their clients and also there is a cap in the leverage. If you are willing to compromise with the strict regulations, you could choose a broker with offshore regulation that gives you higher leverage and more trading bonuses. Also, you could the forex brokers with Australian regulation (ASIC) that still have higher leverages compare with the other main jurisdictions.
| Forex Broker | Min deposit | Leverage | Deposit method | Platforms | Spread | Swaps | Support |
|---|---|---|---|---|---|---|---|
| Pepperstone Visit |
200 AUD | 1:30 |
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| Plus500 Visit |
100 USD | 1:30 |
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| XTB Visit |
250 USD | 1:30 |
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| XM Visit |
5 USD | 1:30 |
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| CMC Markets | 0 USD | 1:30 |
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| IG Markets | 300 USD | 1:30 |
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The biggest forex broker in Poland is XTB. XTB offers two platforms. The own developed xStation 5 and well known in forex community MetaTrader 4. There are also mobile versions of these two platforms. Between the other forex brokers, the trader could find also MetaTrader 5 and a big variety of proprietary developed platforms with lots of analysis, news, and features.
The leverage in Poland and in the whole Europe has reduced since 2018 by The European Securities and Markets Authority (ESMA). If this is an important part of your trading strategy, check our reviews for brokers outside of Europe.
If you preferred Forex broker is XTB, you can find in their platforms over 1500 different type of CFDs, which included CFDs based on Forex, Indices, Commodities, Single Stock CFDs, ETFs, and Cryptocurrencies. Some of the other brokers offer even a wider set of trading instruments.
If you are a Pole or live in Poland and have the interest to trade Forex and CFDs, you have the opportunity to between a big number of regulated and offshore brokers. Depending on your personal goals and what is important for your trading style and preferences, the best suitable broker could be different for you or for other traders.
Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational forex companies. Take part in Global setup and development of Forex and CFD being an active part of the Business Team. Build and manage Risk management departments and teams.
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