Online Forex Trading in Poland
FX Trading for Poland
Ever wonder Which Forex broker is just right for you based on where you live in the world? Look no further, Forex Rank has found the most popular Forex brokers based on what country you are from. You’ve come to the right place to find the best Forex trading broker for polish residents and find out why online Forex trading in Poland is growing in popularity.
Since joining the European Union the popularity of FX trading in Poland has risen steadily. Thats why we have compiled a list of the Best Forex brokers for polish people living in Poland.
Many of these hand picked polish brokers have websites written in polish and have client agents that speak polish as well.
If you are a polish citizen living in poland this broker list is for you.
Polish Forex Regulation
The regulator body in Poland is called the Polish Financial Supervision Authority or the KNF. This is the agency that would regulate Forex brokers within the country of Poland.
The KNF regulator is fairly strict on its rules. They have recently lowered the maximum allowable leverage from 1:100 to 1:25. Any broker found to be in violation of these rules could face a fine of 5 million PLN’s.
The KNF has set tougher regulations to protect the polish people from unnecessary risk when trading with such high leverage.
Foreign brokers for poles
Which such strict regulatory rules on Forex trading in Poland. Many poles will choose a Foreign FX broker over a broker based inside Poland.
Some reasons why poles may choose a foreign broker are:
- More leverage – polish Forex brokers offer a maximum leverage amount of only 1:25, whereas foreign brokers can offer much more.
- Bonuses – Brokers within Poland cannot offer any monetary incentive or “bonus” to attract investors. Many foreign brokers offer deposit bonuses and other incentives.
Best Forex Brokers for Poland.
|Broker Type||Market Marker – non dealing desk|
|Regulations||IIROC, CIPF, FCA, ASIC, FSB|
|Account Base Currency||USD CAD EUR JPY GBP|
|Max Leverage||400:1, EU Clients 1:30|
|Trading Platforms||Metatrader 4, Web trader, Trading Station, NinjaTrader|
|Broker Type||Market Maker|
|Regulations||IFSC, CySec, ASIC|
|Account Base Currency||USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR|
|Max Leverage||888:1. *Leverage depends on the entity of the group and the financial instrument traded.|
|Trading Platforms||Metatrader 4/5, Webtrader|
|Broker Type||ECN, DMA|
|Min Deposit||$100.00 USD|
|Account Base Currency||AUD, CAD, CHF, EUR, GBP, HKD, CNY, NZD, SGD, USD|
|Trading Platforms||IRESS, Metatrader 4 and 5, MAM, PAMM|
|Account Base Currency||USD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD|
|Trading Platforms||Metatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM|
Forex Traders in Poland
Did you know Forex trading in Poland is so popular that Poland is ranked in the top 10 countries with the most Forex traders.
As popularity grows, Poland Forex traders rank number 8 in the world with approximately 61,000 foreign exchange traders.
It is for this reason that many brokers are going out of there way to market to Forex traders in Poland.
With tight restricts with brokers within polands boarder being regulated by the FCA, many pole find them selves looking outside their countries to find an offshore FX broker.
Many Australian Forex brokers allow Polish citizen to trade with them. This will allow polish Forex traders to trade with higher leverages, a wider range of markets and incentives not seen in the European Union.