Best Financial Supervision Authority (KNF) Regulated Brokers 2025
We’ve personally tested and ranked the top brokers regulated by the Financial Supervision Authority (KNF) in Poland, ensuring high standards of trust and reliability.
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1Founded in 2002 in Poland, XTB now serves over 1 million clients. This forex and CFD broker offers a regulated trading environment with a wide range of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with excellent tools for aspiring traders.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Broker | Popularity |
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XTB |
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Why Trade With XTB?
XTB is a leading choice for new traders due to its exceptional xStation platform, no commission costs, no mandatory deposit, and high-quality educational resources, most of which are smoothly incorporated into the platform.
Pros
- Signing up for an XTB account is simple and entirely digital, taking only a short while. This enables a seamless transition into trading for new traders.
- Great customer support 24/5, including a live chat service. During tests, responses were typically provided in less than two minutes.
- XTB offers over 7,000 instruments, including CFDs on shares, indices, ETFs, raw materials, forex, crypto, real shares, real ETFs, share dealing, and investment plans, catering to both short-term traders and long-term investors.
Cons
- XTB's research tools are decent but could be improved by expanding beyond their own features to include top external tools like Autochartist, Trading Central, and TipRanks.
- Trading costs are fair with typical spreads of around 1 pip on the EUR/USD. However, they're not as low as those offered by the least expensive brokers, like IC Markets. Also, an inactivity fee applies after one year.
- The demo account ends in four weeks. This is a limit for traders wanting to fully explore the xStation platform and try out strategies before using actual money.
Filters
Understanding Poland’s Financial Supervision Authority (KNF)
The Financial Supervision Authority, or Komisja Nadzoru Finansowego (KNF), is the organization in Poland responsible for making sure financial markets operate fairly. This includes overseeing online platforms that allow trading.
Role of KNF for Traders
For traders, the KNF is crucial because it protects against scams, ensures trading platforms follow strict rules, and makes sure these platforms align with European Union standards.
If you trade with a broker authorized by the KNF and something goes wrong, you are protected by the KDPW Investor Compensation Scheme. This means you could recover up to 90% of your lost money, up to a limit of €20,100, if your broker goes bankrupt.
In the trust ratings by brokerlistings.com, Poland’s KNF rates highly for its strong safeguards for investors and active supervision of trading companies.
We have handpicked the best brokers in Poland that are regulated by the KNF. Every platform we suggest is verified through the KNF’s ‘Entities Search’, ensuring they are legitimate.
Firms in Poland can operate as ‘brokerage houses’ or register for ‘outward passporting,’ a process that allows businesses to operate across European countries.
How Do We Select the Top KNF-Regulated Brokers?
To identify the leading brokers under KNF regulation, we use these steps:
– Review a wide range of brokers to find those claiming KNF authorization.
– Check these claims against the KNF’s online registry for confirmation.
– Incorporate insights from our experienced testers along with over 100 data points to rank the best KNF-authorized brokers.
How to Verify if a Broker is KNF-Regulated?
Checking if the KNF regulates a broker is simple. Follow these three steps:
1. Visit the KNF’s website and access the ‘Entities Search’.
2. Enter the broker’s name in the search field.
3. If necessary, narrow your search by category to see details like official business names, office addresses, and trading activities.
For example, I confirmed that XTB is regulated by the KNF. It’s a quick process that all Polish traders should complete before depositing money into a new online trading account.
What Are KNF’s Rules for Brokers?
Traders working with brokers regulated by the KNF are protected by various rules designed to keep markets fair and safe. These rules include:
– Client Protection: Brokers must be clear about services and risks, and must keep client funds separate from their own.
– Capital Adequacy: Brokers need to hold enough capital to deal with market ups and downs.
– Best Execution: Brokers must get the best possible prices for trades, considering factors like cost and speed.
– Conflict of Interest Management: Brokers must have procedures to manage and disclose any conflicts of interest.
– Reporting Requirements: Regular reporting to KNF about trading activities and financial health is required.
– Compliance with MiFID II: Follow EU guidelines for market behavior and transparency.
– Anti-Money Laundering (AML) Compliance: Have strong AML practices to prevent illegal activities.
– Customer Suitability: Check that trading strategies suit the client’s financial situation and risk profile.
If a trading platform or financial institution doesn’t follow these rules, the KNF can take action, including fines or revoking their license. For example, the KNF fined XTB for practices that gave it an unfair advantage over its clients. BNP Paribas Polska was also fined for poor oversight.
Conclusion
It’s advised that Polish traders choose brokers regulated by the KNF. This ensures reliability and promotes a fair and transparent trading environment, giving peace of mind while navigating your trading journey.
Verification can be done quickly via the KNF website. You can also explore brokerlistings.com for a list of top trading platforms regulated in Poland.
Remember that online trading involves risks, and there’s always a chance of losing the money you invest, regardless of the broker’s regulatory status.