Polish
English
German
French
Portuguese
Italian
Czech
Slovak
Vietnamese
Polish
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.
Hello.
From the series: How do Polish brokers deprive customers of cash, in the name of the so-called "regulations" invented by them?
I have an account in xtb. It's all right, but up to a point.
It turns out that items that are over 1 year old are automatically closed.
It's a scam.
On earnings, this market is working for a long period of time, so lossy positions await their turn until they bring a profit.
And here what? Broker xtb deprives me of my income, acting to my detriment.
I chose the Polish brokers and it turns out that everyone, where I called, have the same regulation.
It looks like a collusion, that is, some mafia in Poland created and milk people from the coffers as it flies.
I also called myself around Europe, to serious brokers, and nobody even heard about such a deal !!!
So what is it?
Are we fighting a heavy market or with Polish brokers?
Well, probably the second more, because I think it is criminal activity.
Someone may need to look closer.
Maybe KNF?
Well, I do not know who, because after recent Amber Gold performances versus KNF, the latter turns out to be ineffective, powerless or connected.
I personally go out of xtb and go to a foreign broker who does not use such scams.
Regards.
Hello,
As they say: "regulations are sacred and contracts must be read". This is, unfortunately, a brutal truth, which I also had a chance to ride. By opening an account with a given broker, we agree to the provisions in the contract, where we also declare that we have read it carefully.
I am afraid that the condition of holding a position for a maximum of one year will not be subject to the "prohibited clauses", so a complaint to the regulator or UOKiK may be of no use.
But the same you gave me to think why exactly all Polish brokers have such a limitation. Perhaps this is due to something else, such as the specification of derivative instruments and regulation? I will try to find out.
Hello.
I do not know who the creator of the regulations, but they can not be above the law.
I do not know what to expect from Polish brokers, because maybe someone will come up with the idea that the items would be closed after 7 days.
And it will also be in accordance with the regulations.
Pozdrawiam
You hit the truth with your sarcasm ... Some brokers (including foreign ones) close positions on cryptocurrencies after 7 days (this is the maximum validity of the contract). This is also written in the regulations, and the reason is the broker agreements signed with the liquidity providers for these instruments. Probably, along with the development of this market, the limits will be gradually extended and, consequently, lifted.
Similarly, futures contracts, where the expiration of a series of contracts means its closure, or rolling over to the next series.
But Forex is different. Initially, from what I was able to determine, the limitation to one year results from the "annual validity of contracts on exchanges". Honestly, this argument does not convince me, because there are usually no such restrictions with foreign brokers. Therefore, I will pursue the topic further.
I think "cheating" is too big a word, because no one was deliberately misleading anyone and withholding information. They have such a condition included in the regulations, which we accepted when creating an account. From what you write, it turns out that you found out about it after a fait accompli and probably did not read the rules carefully. But on the other hand, 98% of people do it, including me, and who would have expected Polish brokers to come up with such a condition, unusual for the rest of the world.
Is this provision legal? It's hard to say - it's more of a topic for a lawyer.
Is this good for traders? Certainly not, because this is another limitation that hinders the freedom of trade.
As soon as I learn more, I will let you know!
Sir.
Please do not stress too much about whether I have read the regulations or not.
It does not matter.
Someone who will read these posts can pick it up differently.
We focus on the fact that the entry in the regulations is niueczciwy for the customer.
And you are definitely right about the word "fraud".
I did not express myself very precisely.
This is THEFT.
And so we should call this procedure.
I handed the case to the examination by a lawyer.
Best wishes.
Lord Peter,
With all due respect to the Lord, but analyzing any event, I always try to look at the situation from every possible point of view, and I decided to share the conclusions. Perhaps I made a mistake based on my own experience, but I made over the last 12 years over 130 brokers from around the world on real accounts and I happened to find out about certain nuances of the offer only after the fact. But how should you be meticulous to read the various 130 regulations? 🙂
Since you have already handed the case to a lawyer, I hope that you will share his conclusions. We are happy to describe the whole issue in the Forex Club portal, to the posterity and education of other traders.
Cryptocurrencies, it is not entirely clear what they are guided by.
It should rather be subject to bookmakers and not investments.
If you want to entertain yourself, good luck.
Pozdrawiam
I have been on the market since the 1993 year and have seen more than one scam. But closing the position is an obvious fraud.
hft brokers was great but I think they overinvested. about xtb it is bad, but the rest is not better. I think they have the most stable financial situation together with mforex behind which the entire banking group stands ...