Best Polish Forex Broker 2024 - list of offers

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.

1. * Depends on the type of invoice.
2. ** 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.