To come up with this list, we have tested more than 15 forex brokers authorized and operating in Poland.
We opened a real account and deposited between €4,000 and €6,000 with each broker. We placed real trades in each popular market to get the real spreads.
We also reached out to customer support to solve issues that we had encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.
We handpick the best forex brokers in Poland based on our trading data and experience as a trader.
KNF Regulated Forex Brokers
Forex brokers operating in Poland are authorized and regulated by the Polish Financial Supervision Authority, locally known as Komisja Nadzoru Finansowego (KNF). It was founded in 2006 and operates as an independent regulatory agency.
The official website of the KNF is www.knf.gov.pl, which is available in both Polish and English. We recommend investors and traders follow KNF’s official Twitter, @CSIRT_KNF, for important regulatory updates.
The KNF oversees the overall financial market in Poland that includes brokerage firms, credit institutions, insurance firms, investment advisors, pension scheme companies, and other financial organizations.
Poland is a member of the European Economic Area (EEA). So the KNF aligns its regulations with the European Market Infrastructure Regulation (EMIR), which requires brokers to offer a maximum leverage of up to 30:1. But, KNF is the only regulator within the European Union that allows local brokers to offer a maximum leverage of 100:1 within its jurisdiction.
KNF further provides negative balance protection, along with a compensation fund of €20,000.
The Polish regulator is also monitoring the financial services firms operating in the country and actively flags suspicious and non-compliant businesses.
Some of the key highlights of trading with KNF-regulated brokers:
| 🏦Regulator | Komisja Nadzoru Finansowego (KNF) |
| 📊Max. Leverage | 100:1 |
| 🛡️Is It safe to trade | Yes |
| 🔒Negative Balance Protection | Yes |
| 💰Compensation Scheme | Yes (€20,000) |
Best Forex Brokers in Poland
To select the best regulated forex brokers operating in Poland, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.
- XTB – Best Overall Forex Broker in Poland
- TMS Brokers – Best Forex Broker for Beginners in Poland
- Conotoxia (Cinkciarz.pl) – Best MT4 Forex Broker in Poland
- Capital.com – Best Forex Trading Platform in Poland
- Admiral Markets – Best Forex Broker with Lowest Spread & Trading Fees in Poland
Best Overall Forex Broker in Poland
We picked XTB as the overall best forex broker in Poland.
XTB is Polish forex and CFDs broker with headquarters in London and Warsaw. It is a publicly listed company, making it very safe when it comes to business practices. Apart from Poland, the broker is also regulated in the United Kingdom, Cyprus, Spain and Belize.
The broker offers trading services with forex and CFDs of indices, stocks, commodities, ETFs and cryptocurrencies, listing more than 2,100 instruments. The spreads charged by the broker across markets are also much lower than the industry average.
It also offers a number of methods for funding the accounts. However, on the downside, it only allows withdrawals on bank accounts.
Best Forex Broker for Beginners in Poland
We picked TMS Brokers as the best forex broker for beginners in Poland.
TMS Brokers is perfect for new traders to start forex and CFDs trading. The broker offers excellent educational resources, covering the market basics to the implementation of advanced strategies. It provides both in-depth guides and well-explained videos. Traders can also implement the learned strategies on the demo account offered by the broker, without risking real money.
TMS Brokers is a subsidiary of the global brokerage brand OANDA. It offers access to many financial markets, covering forex and CFDs of all other popular asset classes. It provides services on industry-standard MT5 platform.
Best MT4 Broker in Poland
We picked Fortrade as the best MT4 broker in Poland.
Conotoxia (Cinkciarz.pl) is an excellent broker when it comes to offering services on the MT4 platform. It also offers trading on a cTrader.
Conotoxia is a Polish broker, operating with a physical branch in Poland. It offers MT4 for web, desktop and mobile, and has some excellent indicators and charting tools for market analysis.
When it comes to trading, Fortrade’s services are exceptional. It lists a wide range of currency pairs, indices, commodities and CFDs for cryptocurrencies, promising fast execution on both trading platforms.
Best Forex Trading Platform Poland
We picked Capital.com as the best forex trading platform in Poland.
Capital.com tops when it comes to forex trading for several reasons. The broker lists 138 currency pairs, which is much higher than most of the other reputed forex trading platforms. It offers an industry-standard MT4 platform and has no limits on trading strategies. Traders can run both scalping and hedging.
Capital.com is regulated in the United Kingdom, Cyprus, Belarus and Australia. It operates in Poland with its Cypriot license. Apart from Forex, the broker also lists CFDs of indices, stocks, commodities and cryptocurrencies.
Best Forex Broker with Lowest Spread & Trading Fees in Poland
We picked Admiral Markets as the best forex broker with the lowest spread & trading fees in Poland.
Admirals (previously Admiral Markets) is an Estonian broker operating with licenses from the regulators in the United Kingdom, Cyprus, Australia, and Estonia. This broker offers some of the lowest spreads across markets. According to our tests, the average spread on EUR/USD is 0.6 pips compared to the industry average of 1.6 pips. For FTSE 100 and Apple CFD, it’s 0.8 pips each, while for Gold it’s 2.9 pips, all below the industry average.
Admirals also has minimal fees and traders can avoid all other non-trading fees by just avoiding certain deposit and withdrawal methods. The broker lists more than 3,300 instruments and provides services on MT4 and MT5 platforms.
KNF-Regulated Forex Brokers List & Review
Here is a list of the regulated forex brokers operating in Poland, which we have tested by opening real accounts, depositing real money, executing trades, and then withdrawing all funds.
| Forex Broker | EU Regulated | About Our Test | Our Review |
|---|---|---|---|
| FBS | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | FBS Review |
| GO Markets | Yes | Deposit Amount: Over €4,500 Total Trade: 12 trades | GO Markets Review |
| Fortrade | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | Fortrade Review |
| RoboMarkets (RoboForex) | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | RoboMarkets Review |
| IC Markets | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | IC Markets Review |
| FXTM | Yes | Deposit Amount: Over €6,000 Total Trade: 12 trades | FXTM Review |
| Capital.com | Yes | Deposit Amount: Over €3,500 Total Trade: 15 trades | Capital.com Review |
| FxPro | Yes | Deposit Amount: Over €5,000 Total Trade: 15 trades | FxPro Review |
| Pepperstone | Yes | Deposit Amount: Over €6,000 Total Trade: 12 trades | Pepperstone Review |
| Amana Capital | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | Amana Capital Review |
| FxPro | Yes | Deposit Amount: Over €5,000 Total Trade: 15 trades | FxPro Review |
| XTB | Yes | Deposit Amount: Over €5,000 Total Trade: 12 trades | XTB Review |
| eToro | Yes | Deposit Amount: Over $6,000 Total Trade: 18 trades | eToro Review |
| Tickmill | Yes | Deposit Amount: Over $8,000 Total Trade: 12 trades | Tickmill Review |
| Plus500 | Yes | Deposit Amount: Over €6,000 Total Trade: 18 trades | Plus500 Review |
FAQ & More on Poland Brokers
Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to AMF-regulated brokers.
How to Verify KNF-Regulated Brokers?
Similar to any other reputed regulator, Poland’s KNF also publicly maintains a database of all regulated entities, where the regulatory status of any authorized broker can be verified.
To very any broker, go to www.knf.gov.pl/en/ENTITIES and type the name of the broker on the search box. The result will show the names of all matched entities, and each of their registration details can be seen on the database.
ECN Brokers in Poland
ECN brokers directly connect buyers and sellers over an automated bridging network. These brokers offer raw spreads, keeping their services transparent. Some of the Polish ECN brokers are:
- FXTM
- FBS
- GKFX
MT4 Forex Exchange Brokers Poland
MT4 trading platform was developed by MetaQuotes Software in 2005 and is still the most popular forex and CFDs trading platform. Some of the Polish forex brokers offering MT4 platform are:
- Pepperstone
- ThinkMarkets
- AvaTrade
Low Spread Forex Brokers in Poland
Bid-ask spread is very crucial for both forex brokers and traders. It is one of the primary ways with which brokers make money, but a wide spread increases the cost of trades. Some of the Polish forex brokers with low spreads are:
- Admiral Markets
- ActivTrades
- XTB
Best Stock Forex Broker Poland
We have picked Capital.com as the best stock broker platform in Poland.
Founded in 2016, Capital.com holds licenses in the United Kingdom, Cyprus, and Belarus. The broker offers trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs. Capital.com offers two trading platforms: MT4 and its proprietary platform – Capital.com trading app.
High Leverage Forex Brokers in Poland
Poland’s KNF is the only regulator within the EEA that allows brokers to offer up to maximum leverage of the 100:1. But forex brokers can only offer the high leverage within KNF’s jurisdiction, not in any other EEA country. But none of the reputed Polish brokers offer leverage more than 30:1.
Tax in Poland for Forex Trading
Forex trading in Poland is taxable. In the country, the revenues gained from cryptocurrency trading are taxed at 19%. The same refers to capital gains. The taxation rate for them is also 19%. Income tax in Poland ranges from 17% to 32%. The tax rate largely depends on the income amount.
Polish forex traders should remember that the responsibility of filing tax forms to the relevant institutions is solely theirs. Any delays or avoidance may be subject to fines and penalties.