Forex trading is legal and very well-regulated in Poland. The brokers who want to operate a branch in Poland should get licensed by the KNF (Komisja Nadzoru Finansowego). Forex brokers who are regulated in the EU or by the ESMA and follow MiFID II standards and guidelines can also accept clients from Poland.
The KNF has introduced certain restrictions and limitations for retail Forex and CFDs traders:
- Forex pairs can be traded with a maximum of 1:30 leverage (similar to the ESMA)
- Non-major and non-minor Forex pairs can only be traded with 1:20 leverage for retail
- Commodities and non-major equity indexes can have a maximum leverage of 1:10
These maximum leverage restrictions are part of the European Securities and Markets Authority's (ESMA) regulatory framework, and individual EU member states, including Poland, have implemented them to protect their investors and traders. Professional traders can enjoy the maximum leverage offered by the broker, meaning it all depends on the broker and its leverage and margin policies.
Poland has a progressive tax system (PIT) that taxes individual income between 17-32% and Forex and other financial trading profits fall under the personal income tax category. The more you earn profits in Poland trading FX markets, the more you will be charged.
Poland also has an Investor Compensation Scheme (IFS) and eligible investors can get up to 20,000 EUR compensation in case of broker insolvency. IFS is established and regulated by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego or KNF).
Quick overview of the best Forex brokers in Poland
Below is a list of the best Forex brokers in Poland with strong regulations and attractive trading conditions on Forex and other financial instruments.
XM
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Visit broker 8.4 8.34 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Tickmill
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Visit broker 7.6 6.29 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.
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AvaTrade
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Visit broker 8.8 7.63 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Pepperstone
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Visit broker 8.2 7.75 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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XTB
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Visit broker 8 7.3 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
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| Offers accounts in Poland under | CySEC, Cyprus | CySEC, Cyprus | CySEC, Cyprus | ||
| Account entity for Poland | Trading Point of Financial Instruments Limited | Tickmill Europe Ltd | Pepperstone EU Limited | ||
| Accepts Polish Zloty (PLN) | No | No | Yes | No | Yes |
| Spreads on EURUSD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | |
| Spreads on Crude Oil | from 0.02 | - | 0.03% over market | From 2.5 | From 0.03 |
| Spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | From 0.03 |
| Spreads on Gold | From 2.6 pips | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 0.36 USD |
| Spreads on BTC/USD | From 46.00 | - | - | From 17 pips | - |
| Maximum Leverage | 1:30 for retail, 1:1000 for professionals | ||||
| Minimum Deposit | 5 EUR | 100 EUR | 100 EUR | 0 EUR | |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4 and 5, cTrader |
XM
XM is a popular broker available in Poland. The broker is not regulated in Poland but in Cyprus and accepts clients from Poland. The entity of the XM operating within the EU is Trading Point of Financial Instruments Limited under the CySEC license.
The exact list of tradable instruments provided by the XM is listed below:
- 50 Forex pairs
- 58 Cryptocurrencies
- 1000+ stock CFDs
- 7 turbo stocks
- 8 commodities
- 20 indices
- 3 precious metals
- 3 energies
- 26 stocks from the Netherlands
As per EU regulations Polish retail Forex traders will only receive up to 1:30 leverage for major pairs and 1:20 for non-major currency pairs. Professional traders are not restricted to these levels and can get up to 1:1000 leverage. XM’s reliable platforms will offer a safe trading environment for Polish FX traders 24/5 for FX and 24/7 for BTC.
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8.4
8.34
| Micro | Standard | XM Ultra Low | |
|---|---|---|---|
| Spreads on EURUSD | From 1 pip | From 1 pip | From 0.6 pips |
| Spreads on Crude Oil | from 0.02 | from 0.02 | from 0.02 |
| Spreads on Brent Oil | from 0.02 | from 0.02 | from 0.02 |
| Spreads on Gold | From 2.6 pips | From 2.6 pips | From 1.5 pips |
| Spreads on BTC/USD | From 46.00 | From 46.00 | From 35.00 |
| Minimum Deposit | 5 USD, EUR, GBP | 5 USD, EUR, GBP | 5 USD, EUR, GBP |
| Minimum lot size | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum leverage | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) |
| Negative Balance Protection | Yes | Yes | Yes |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Tickmill
Tickmill is a reliable and regulated broker that accepts clients from Poland, but it is not directly regulated by the KNF. The entity in Europe that accepts clients from Poland is Tickmill Europe Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Tickmill offers access to diverse markets for Qatar residents including
- 62 Forex pairs
- 15 indices
- 7 commodities
- 500 stock and ETFs
- 15+ futures and options
To access these markets from Poland Tickmill offers advanced trading platforms MT4 and MT5. The leverage for retail Forex traders is limited to 1:30, for non-major pairs leverage is even lower at 1:20. Professional FX traders in Poland can enjoy the maximum leverage of up to 1:500.
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7.6
6.29
| Pro | Classic | VIP | |
|---|---|---|---|
| Spreads on EURUSD | From 0.0 pips | From 1.6 pips | From 0.0 pips |
| Commissions | 2 USD per side per lot | none | 1 USD per side per lot |
| Spreads on Crude Oil | - | - | - |
| Spreads on Brent Oil | From 0.04 | From 0.04 | From 0.04 |
| Spreads on Gold | From 0.09 USD | From 0.09 USD | From 0.09 USD |
| Spreads on BTC/USD | - | - | - |
| Minimum Deposit | 100 USD/EUR/GBP | 100 USD/EUR/GBP | - |
| Maximum Leverage | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals |
| Negative Balance Protection | Yes | Yes | - |
| Minimum Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
AvaTrade
AvaTrade is a reliable broker that is regulated and available in Poland. AVA Trade EU Ltd operates a Polish Branch under the AvaTrade EU authorization. The Polish branch is overseen by the KNF. Here is the exact list of types and numbers of AvaTrade trading instruments for FX traders in the Netherlands:
- 64 Forex pairs
- 20 cryptos
- 30 indices
- 17 commodities
- 633+ stocks
AvaTrade follows the Polish KNF regulations and guidelines and offers retail leverage of up to 1:30. Professional traders can get up to 1:400 for trading FX and a few other markets.
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8.8
7.63
| Retail | Professional | |
|---|---|---|
| Spreads on EURUSD | From 0.9 pips | From 0.3 pips |
| Commissions | 0 USD | 0 USD |
| Spreads on Crude Oil | 0.03% over market | 0.03% over market |
| Spreads on Brent Oil | 0.01% over market | 0.01% over market |
| Spreads on Gold | 0.29 USD over market | 0.29 USD over market |
| Spreads on BTC/USD | 0.15% Over-market | 0.15% Over-market |
| Minimum Deposit | 100 EUR or equivalent in PLN | 100 EUR or equivalent in PLN |
| Maximum Leverage | 1:30 for retails, 1:400 for pros | 1:400 |
| Negative Balance Protection | Yes | Yes |
| Minimum Lot Size | From 0.01 lots | From 0.01 lots |
| Trading Platforms | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
Pepperstone
Pepperstone is accepting clients from Poland and the entity in the EU is Pepperstone EU Limited. It is regulated by the CySEC (Cyprus Securities and Exchange Commission). Trading instruments offered by Pepperstone in a wide range of asset classes include
- 62 currency pairs
- 1,000+ share CFDs
- 23 crypto CFDs
- 32 commodities
- 23 indices
Pepperstone has similar conditions for clients from the EU on leverage including Poland. The leverage for retails is up to 1:30 and for pros 1:400.
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8.2
7.75
| Razor account | Standard account | |
|---|---|---|
| Spreads on EUR/USD | From 0 pips | From 1 pip |
| Spreads on Crude Oil | From 2.5 | From 2.5 |
| Spreads on Brent Oil | From 2.5 | From 2.5 |
| Spreads on Gold | From 0.5 USD | From 0.5 USD |
| Spreads on BTC/USD | From 17 pips | From 17 pips |
| Commissions | USD 3.50 (USD 7 round turn or equivalent in EUR) | No |
| Minimum Deposit | 0 EUR | 0 EUR |
| Minimum lot size | From 0.01 lots | From 0.01 lots |
| Negative Balance Protection | Yes | Yes |
| Maximum Leverage | 1:30 (1:400 for pro traders) | 1:30 (1:400 for pro traders) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader |
XTB
XTB is regulated in Poland by the KNF. It offers access to diverse markets and fully adheres to the rules and regulations of the Polish regulatory authorities. The maximum leverage for retail traders from Poland is capped at 1:30 for major pairs and 1:20 for non-majors. Professional traders can get up to 1:500.
XTB offers access to a wide range of financial markets including:
- 57 Forex pairs
- 51 cryptos
- 41 index CFDs
- 27 commodities
- 2000+ stocks
The minimum deposit requirements start from 0 USD and XTB accepts deposits in Polish Zlots (PLN).
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8.2
7.75
| Standard | |
|---|---|
| Spreads on EUR/USD | From 0.8 pips |
| Spreads on Crude Oil | From 0.03 |
| Spreads on Brent Oil | From 0.03 |
| Spreads on Gold | From 0.36 USD |
| Spreads on BTC/USD | - |
| Commissions | None for FX |
| Minimum Deposit | 0 PLN |
| Minimum lot size | From 0.01 lots |
| Negative Balance Protection | Yes |
| Maximum Leverage | 1:30 retail, 1:500 pros |
| Trading Platforms | xStation 5 |
Best choice of the broker in Poland by category
Let’s dive deeper and reveal the best Forex brokers for each category including the best broker for FX trading, for stocks, and for commodities trading.
Best Broker in Poland for Forex Trading
| XM | Tickmill | AvaTrade | Pepperstone | XTB | |
|---|---|---|---|---|---|
| Number of Forex pairs | 50 | 62 | 64 | 62 | 57 |
| Typical spreads on EUR/USD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | From 0.8 pips |
As we can see, both XTB and AvaTrade are not only regulated in Poland but also offer the lowest spreads on EUR/USD and other major FX pairs.
Best Broker in Poland for Stock Trading
| XM | Tickmill | AvaTrade | Pepperstone | XTB | |
|---|---|---|---|---|---|
| Number of stocks | 1000+ | 500 | 633+ | 1,000+ | 2000 |
XM is the best broker in Poland for stock trading as it offers dedicated trading accounts for stocks and also turbo stocks for trading. However, XTB has a higher number of stocks available.
Best Broker in the Netherlands for commodities Trading
| XM | Tickmill | AvaTrade | Pepperstone | XTB | |
|---|---|---|---|---|---|
| Number of commodities | 14 | 7 | 17 | 32 | 27 |
| Typical spreads on Crude Oil | from 0.02 | - | 0.03% over market | From 2.5 | From 0.03 |
| Typical spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | From 0.03 |
| Typical spreads on Gold | From 2.6 pips | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 0.36 USD |
TIckmill is the best for commodities trading because of its lowest spreads, and XTB is second with its competitive spreads on oil products.
How do you check if a broker is regulated by Polish KNF?
Below we have gathered a brief step-by-step guide to help our readers check whether their broker is regulated by the Polish KNF.
Step One: Visit the KNF website
The first step is to visit the website of the KNF (www.knf.gov.pl). The website is available in Polish and English languages to ensure users can find anything easily.
Step Two: Find the entities section
After selecting the language, it is time to click on the entities section, which is usually the 3rd tab in the main menu bar. The website will redirect you to the page of the KNF database, where all the regulated brokers and their details are kept.
Step Three: Search for the broker in the KNF database
On the Entities page, you will see the search bar. Enter the name of the broker you want to search and click on the search icon. Wait for a short time and the information will be loaded, after which you can select your broker from the list. By clicking on the name of the broker, you will be able to see all the critical details about its license and other information.
All KNF-regulated Forex Broker Reviews
Below we present all the brokers regulated by the Polish KNF and their full, unbiased reviews.
