Economy
Experts’ Research Has Identified the Best Forex Brokers in Poland in 2023
Forex trading is now a popular way for people worldwide, including in Poland, to make money from home by participating in global markets. Just like shopping for anything else, Polish traders need to find the right place, or in this case, the right broker, to do their trading. In this article, the team at Traders Union (TU) has helped you, by listing the best Forex brokers in Poland.
Forex trading in Poland: a quick guide by TU’s analysts
Engaging in Forex trading is entirely legit in Poland, with the nation’s primary regulatory body, the KNF (Komisja Nadzoru Finansowego), ensuring the market operates transparently and securely. For those in Poland contemplating an entry into the Forex world, here’s a more detailed overview:
1. Regulation
The KNF is responsible for monitoring and supervising all Forex trading activities within Poland’s borders. They enforce regulations and ensure market participants adhere to set standards.
2. Criteria for brokers
Only brokers with a license and authorization from the KNF can operate in Poland. This licensing ensures that they abide by set regulatory standards and practices.
3. EU mandates
The European Union has stringent guidelines in place to safeguard traders, such as prohibiting brokers from offering excessive bonuses and restricting the use of high leverage, thus ensuring a more controlled trading environment.
4. Safety measures
It’s essential to choose brokers vetted and approved by KNF, as this ensures a layer of protection for your investments. However, one must always keep in mind that, like all investments, trading in Forex carries inherent risks and it’s crucial to approach it with caution and knowledge.
Top Forex brokers in Poland
When you’re in Poland and want to dive into Forex trading, choosing the right broker is crucial. Traders Union experts have checked out some of the top brokers for you. Here’s a quick list:
- Tickmill – is great for scalpers, with super low fees.
- FxPro – offers a lot of markets and solid trading tools.
- IC Markets – is known for tight spreads and a big trading volume.
- MultiBank – offers a huge range of instruments but doesn’t support PLN pairs.
- XTB – is strong in Poland and offers local currency pairs.
- XM Group – good market coverage and well-regulated within the EU.
Quick tips to pick a Forex broker in Poland by TU’s experts
If you want to familiarize yourself with Forex trading in Poland, you need to start by looking for a suitable broker.
1. Regulation
Make sure your broker has a green light from top regulators like CySEC, FCA, or ASIC.
2. Commission fees
Check how much they charge. It’s a good idea to compare commission fees to find the most favorable offer.
3. Speed
A good broker processes orders quickly. No one likes delays.
4. Starting out
Look at their minimum deposit. Can you afford it?
5. Stability
Pick a broker that’s financially strong. It’s important to verify the safety of your money.
Starting in Forex? Best brokers for newbies in Poland
Hey newbie! Looking to kick-start your Forex journey in Poland? Here’s a quick guide from Traders Union team to help you pick the best broker:
- Low deposits – start small. Look for brokers like RoboForex and IC Markets that let you trade with a bit of cash.
- Practice accounts – dive in without risks. Demo or cent accounts are your best pals to practice.
- Learn from the pros – some brokers offer copy trading. You can mirror what seasoned traders are doing.
- Learn and grow – choose brokers that have awesome learning resources, like webinars and tutorials.
Conclusion
Starting Forex trading in Poland might feel a bit tricky. But with tips from TU and picking the right broker, you’re on a good track. Whether you’re experienced or new, it’s important to stay safe, learn, and find the best match for your needs. As the Forex scene changes, keep updating your knowledge. With the right help and continuous learning, there are many chances to do well in Poland’s Forex market. So, jump in, make wise choices, and happy trading!
By Adedapo Adesanya
Five securities caused the NASD Over-the-Counter (OTC) Securities Exchange to experience a setback of 0.64 per cent on Monday, February 2.
During the first trading session of February 2026, FrieslandCampinaWamco Nigeria Plc shrank by N4.46 to end at N63.54 per unit versus the previous session’s N68.00 per unit, as Okitipupa Plc depreciated by N3.83 to close at N230.77 per share versus last Friday’s N234.60 per share.
Further, Central Securities Clearing System (CSCS) dropped 50 Kobo to sell at N40.00 per unit compared with the previous closing price of N40.50 per unit, UBN Property Plc dipped by 21 Kobo to N1.99 per share from N2.20 per share, and Acorn Petroleum Plc lost 3 Kobo to end at N1.35 per unit versus N1.38 per unit.
As a result, the market capitalisation went down by N13.98 billion to settle at N2.158 trillion, in contrast to the previous value of N2.171 trillion, and the NASD Unlisted Security Index (NSI) contracted by 23.35 points to settle at 3,606.76 points compared with last Friday’s closing value of 3,630.11 points.
Amid the loss, Geo-Fluids Plc managed to finish green after it chalked up 9 Kobo to sell at N6.84 per share versus the N5.75 per share it ended in the last trading day.
Yesterday, the volume of securities traded by investors surged by 1,238.5 per cent to 3.9 million units from 287,618 units, the value of securities increased by 1,075.2 per cent to N36.0 million from N3.1 million, and the number of deals soared by 90.5 per cent to 40 deals from 21 deals.
At the close of trades, CSCS Plc remained the most traded stock by value (year-to-date) with 15.4 million units valued at N623.9 million, followed by FrieslandCampina Wamco Nigeria Plc with 1.7 million units worth N110.2 million, and Geo-Fluids Plc with 10.6 million units sold for N69.9 million.
CSCS Plc was also the most active stock by volume (year-to-date) with 15.4 million units traded for N623.9 million, trailed by Geo-Fluids Plc with 10.6 million units worth N69.9 million, and Mass Telecom Innovation Plc with 10.1 million units transacted for N4.1 million.
By Adedapo Adesanya
The value of the Naira dropped against the United States Dollar in the the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Monday, February 2 by N3.81 or 0.27 per cent to N1,390.36/$1 from the N1,386.55/$1 it traded last Friday.
This was driven by stronger demand for forex at the official market, which outweighed to what was available to meet customers’ needs. But the local currency remained within the expected trading range.
In the same market window, the domestic currency further appreciated against the Pound Sterling during the session by N6.72 to close at N1,899.51/£1 compared with the preceding session’s rate of N1,906.23/£1 and improved against the Euro by N7.70 to trade at N1,644.52/€1 versus the previous trading day’s value of N1,652.22/€1.
In the parallel market, the exchange rate of the Nigerian Naira to its American counterpart remained unchanged yesterday at N1,465/$1 and at the GTBank FX counter, it also maintained stability at N1,419/$1.
The Naira is expected to remain relatively stable in the coming days, boosted by stronger FX liquidity, enhanced price discovery, and a gradual restoration of offshore investor confidence while Nigeria’s external reserves, which provide the Central Bank of Nigeria (CBN) with the capacity to defend the Naira and stabilise the foreign exchange market, have continued to grow steadily.
Updated data showed that Nigeria’s gross external reserves printed at $46.18 billion as of January 29, 2026, reflecting an addition of $62.40 million.
As for the cryptocurrency market, it was bullish after a sharp weekend sell-off while a resurgent US Dollar index, which has logged its strongest two-day gain in nine months, threatened to keep gains in check.
Expectations that US Federal Reserve chair nominee, Mr Kevin Warsh, will be cautious on interest-rate cuts, along with upcoming US jobs data, are seen as potential drivers of further Dollar strength.
The biggest gainer for the session was Cardano (ADA), which rose by 6.2 per cent to trade at $0.2976, Ethereum (ETH) appreciated by 5.5 per cent to $2,319.80, Dogecoin (DOGE) grew by 5.3 per cent to $0.1066, Binance Coin (BNB) gained 4.8 per cent to sell for $776.00, and Solana (SOL) added 4.6 per cent to sell at $103.75.
In addition, Litecoin (LTC) improved by 4.5 per cent to trade at $59.95, Bitcoin (BTC) appreciated by 3.6 per cent to $78,445.62, and Ripple (XRP) expanded by 3.4 per cent to $1.60, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.
By Dipo Olowookere
The Nigerian Exchange (NGX) Limited managed to finish in the green territory on Monday after it marginally closed higher by 0.01 per cent.
The last minute escape from the bears was triggered by the gains posted by large-cap equities like Zenith Bank, Aradel Holdings and others, offsetting the losses recorded by GTCO, Oando, First Holdco and others.
According to data obtained by Business Post, only 29 stocks ended on the gainers’ chart, while 44 equities landed on the losers’ table, indicating a negative market breadth index and weak investor sentiment.
Universal Insurance rose by 10.00 per cent to sell for N1.32, Premier Paints appreciated by 10.00 per cent to N11.00, DAAR Communications improved by 9.93 per cent to N1.55, RT Briscoe increased by 9.92 per cent to N8.64, and Morison Industries advanced by 9.91 per cent to N10.98.
On the flip side, Omatek declined by 10.00 per cent to N2.70, Union Homes REIT declined by 9.96 per cent to N85.40, AXA Mansard shrank by 9.94 per cent to N14.31, Deap Capital decreased by 9.90 per cent to N8.46, and C&I Leasing moderated by 9.80 per cent to N6.90.
On the first trading session of this week, market participants bought and sold 762.8 million shares valued at N18.4 billion in 55,374 deals compared with the 687.4 million shares worth N15.0 billion traded in 41,553 deals last Friday, a spike in the trading volume, value, and number of deals by 10.97 per cent, 22.67 per cent, and 33.26 per cent, respectively.
Tantalizers ended the day as the most active stock with 88.5 million units sold for N329.4 million, Zenith Bank traded 40.2 million units worth N2.9 billion, Veritas Kapital transacted 39.2 million units valued at N92.1 million, Universal Insurance exchanged 29.3 million units for N38.1 million, and First Holdco transacted 27.6 million units worth N1.1 billion.
The sectorial performance yesterday showed that the mood of investors was in the sell region despite the slight growth recorded by Customs Street, as only the energy index closed in green, rising by 2.00 per cent.
The insurance counter was down by 1.99 per cent, the banking industry depleted by 0.64 per cent, the consumer goods shrank by 0.37 per cent, and the industrial goods retreated by 0.08 per cent.
When the first trading day of February 2026 ended on Monday, the All-Share Index (ASI) went up by 14.23 points to 165,384.63 points from 165,370.40 points, while the market capitalization chalked up N9 billion to finish at N106.162 trillion compared with the previous session’s N106.153 trillion.
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