The Best Polish Forex Broker - List of Offers 2023
Polish Forex brokers they are most often chosen by native investors. License Polish Financial Supervision Authority, support in Polish and no worries related to tax settlement are the most common arguments that determine this choice. Currently, there are five companies on the Polish market whose offer differs primarily in the quality of services offered and their scale (range of available platforms, instruments, additional services).
Active Polish Forex brokers
- XTB (X-Trade Brokers),
- mForex (mBank Dom Maklerski),
- Alior Trader (DM Alior Bank),
- BossaFX (DM BOŚ),
- TMS Brokers.
In the table below, we present a summary of the most important parameters of the offers of these companies.
Polish Forex broker - Comparison of offers
List of offers 2024
Start-up | 2005 | 2012 | 2011 | 2009 | 2004 |
Min. Deposit | PLN 0 (PLN 2000 recommended) | PLN 2000 | PLN 0 | PLN 0 | PLN 0 |
Platform | xStation | MT4 | ProTrader | MT4 | MT5, Trading View |
Spread EUR / USD | from 0,8 pips | from 0,2 pips | from 0,0 pips | 1,6 pips | from 0,8 pips |
Commission | - | 0,0035% | 0,0040% ** 0,0045% | - | - |
Min. Volume | 0.01 lot | 0.01 lot | 0.01 lot | * 0.01 lot | 0.01 lot |
Number of instruments | approx. 5500 | 120 | 70 | 130 | 2000 |
Education | Webinars, video courses | webinars | - | webinars | webinars |
Account interest rate | YES | NEVER | NEVER | NEVER | NEVER |
The cost of payment | free or 50 PLN up to 500 PLN | free in mBank or 5 PLN | free | free or 1 PLN up to 500 PLN | free |
Open an account | On-line | kurier | Online | kurier | Online |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. From 74% to 89% of retail investor accounts record monetary losses as a result of trading CFDs. Think about whether you understand how CFDs work and whether you can afford the high risk of losing your money.
- * Depends on the type of invoice.
- ** Commission to start, for the first verification of customer turnover.
Inactive Polish Forex brokers
List of Polish brokers who withdrew from the market:
- Noble Securities (2019),
- HFT Brokers (2016),
- DM BZ WBK (2016),
- DM PKO BP (2016),
- DM ING (2015),
- IDM SA (2013-2014).
CHOICE OF BROKER - POLISH OR FOREIGN?
Polish Forex broker - Advantages
Trade in domestic brokerage houses has a number of benefits:
- Polish support and documentation (contracts, regulations, changes on the platform),
- PIT-8c shipping for tax settlements,
- license of the Polish Financial Supervision Authority,
- high level of security of funds,
- deposits using domestic transfers and express payments (BLIK, Przelewy24),
- numerous trainings and developed educational facilities in Polish,
- the ability to change the status to experienced customer (1 lever available: 100).
Polish Forex broker - Disadvantages
The noticeable flaws among Polish brokers' offer are usually:
- relatively high commissions,
- usually a small range of available instruments,
- in some cases, the need to send documents by courier.
We invite you to share your opinions on Polish brokers in the comments under the article.