PayPal is widely regarded as the most popular online payment method worldwide. More Foreign exchange(Forex) brokers are accepting PayPal and it is becoming a popular payment method. Day traders are preferring PayPal brokers, because of quick transfers and greater security for the method. It is also easy to link PayPal with credit and debit cards so that it is easy and quick to deposit or withdraw money. PayPal has strict rules for payment and withdrawal. Hence broker sites that accept PayPal can be trusted more compared to others.

Regulated PayPal Forex Brokers list

PayPal is considered the largest digital wallet in the world since it has more than one quarter billion active accounts. The company was initially named Cofinity in 1998 when it was launched. It was merged with Elon Musk’s company X.com. In 2001, the renamed company was called Paypal. It was publicly listed in 2002. Paypal has incorporated the latest web and mobile technology so that users can transfer money even more easily.

1. Fxpro broker accepts PayPal

Fxpro broker accepts PayPal but only if you are a registered trader on Fxpro-Cyprus.

2. IC Markets accepts PayPal as a payment option: IC Markets are forex brokers that offer PayPal payment option for deposit. Processing time is instant.

3. Pepperstone broker offers PayPal
This broker offers several payment methods and PayPal is one of them. Anyway, you need to check with support do traders from your country can deposit and withdrawal money using PayPal.

4. XTB PayPal: This platform was established in 2002 and it’s a renowned CFD platform. It supports commodities, indices, stock CFDs, Forex, cryptocurrencies, and ETF CFDs. It offers the low spread and it has two excellent trading platform options for you, such as xStation 5 and MT4 platforms. The only problem is that the platform has no 24/7 customer support. The minimum deposit amount is $0.

5.FP Markets PayPal payments: This platform was founded in 2005 and it is regulated by ASIC or Australian Securities and Investments Commission. FP Markets offers both ECN pricing and DMA trading options. It allows you to deal with more than 10,000 financial instruments. The platform has excellent customer support and trading tools. The platform may be difficult to use and handle for beginner traders. The minimum deposit amount is $100.

6. Plus500 PayPal deposit: This is a popular and famous online forex provider. Founded in 2008, the platform has regional offices located in Australia, Cyprus, Singapore, and the UK. It has more than 2,000 CFD products for the traders. But, there is no phone support option. The minimum deposit amount is $100.

Advantages

Though PayPal was not developed for Forex trading, it has become extremely popular. Hence more brokers are accepting PayPal since there are many advantages like:

– Fast, secure and reliable fund transfer using Paypal

– Easy to make payment using a computer or mobile app

– Withdrawals and deposits with Paypal are quick, much faster compared to bank transfers

– the PayPal account can be linked to a bank account, credit and debit cards for withdrawals and deposits

– most companies worldwide are familiar with Paypal, a popular eWallet

– PayPal has stringent restrictions to prevent money laundering, so using Paypal improves the reputation of brokers, and reassures traders.

– The withdrawal and transfer limit is high at $60,000

– Forex traders will find it convenient since it can be used in 56 currencies.

– A PayPal account can be opened free, and there are no charges for having an unused account.

Disadvantages

Day trading using a PayPal account has some disadvantages listed below:

– Fees are charged for every transaction

– Foreign exchange conversion fees are fairly high at 4.5%

– The fees for transferring money are high at 4-12% of the amount.

– There are only a limited number of brokers accepting Paypal

– Chargebacks can be done only for physical goods, so CFD, forex traders cannot do a chargeback.

Speed and security

Traders who have money in their account or linked bank account will find that funds they require for trading or money is withdrawn is transferred quickly from or to the bank account quickly, usually within one day. Many traders feel that trading using Paypal is safer than using a credit/debit card since the recipient does not get any of the card details when the payment is made. Paypal is storing the personal card data so that it remains private. However, unlike credit cards, chargebacks are only allowed for physical goods, not currencies or stocks

Deposits, withdrawals, and fees

In most countries, traders can deposit money and withdraw the balance from their Paypal account. However in some countries like Ukraine, Israel, the account can be used only for sending money, the balance cannot be used for withdrawing to their bank account or credit card. In these countries, traders should not opt for Paypal. A Paypal account is opened free of cost, and most traders will already have a PayPal account which they use for online shopping. While other online wallets like Skrill, Neteller are charging a fee for unused accounts, Paypal does not charge any fee. The Paypal fees are similar to those charged for other digital wallets and a fee is charged for all transactions. The fee maybe 12% in some cases. The PayPal balance amount can be transferred to the bank account free, though charges have to be paid for a cheque.

Paypal for Forex trading

Though PayPal is not the most popular method for Forex traders, it can be a good option, despite the transfer fees being high. PayPal is becoming more popular worldwide, so traders should expect it to become more popular. However, bigger Forex traders should be aware that there are limits on the transaction amount in Paypal, usually $10000 or GBP10000

PayPal is a widely popular electronic payment method that’s used to pay for various goods and services online. The platform allows users to create a digital wallet that needs to be used to perform transactions. Paypal was founded in 1999 by a team of experienced veterans like Elon Musk. Note, Elon Musk is currently the CEO of SpaceX Technologies and Telsa Motors.

CAN YOU USE PAYPAL FOR THE DEPOSIT AND WITHDRAWAL METHOD?

PayPal can be used as the deposit and withdrawal method in the forex trading industry. The best part about this platform is that it allows you instant deposits as well as same-day withdrawals. Hence, there is a minimum waiting/processing time. For deposits and withdrawals, you can use PayPal’s digital wallet that is linked to your credit or debit card and connected with your bank account. Other than that, you can even use the prepaid cards that are issued by third-party companies or forex brokers themselves.

PayPal transaction methods for deposits and withdrawals have two added benefits. First of all, it’s seamless, hassle-free, instant, and it requires less processing time. Secondly, the platform and its transaction methods are all secure and hence your privacy and confidentiality will be protected at every cost.

WHY YOU SHOULD CHOOSE A BROKER THAT ACCEPTS PAYPAL?

* PayPal offers a secure way to deposit and withdraw funds to your forex account.
* The method is simple yet secure.
* It comes with several user authentication processes for ensuring 100% security.
* PayPal digital wallet is fast and most transactions will be instant.
* The platform is a multi-currency platform that supports more than twenty-five unique currencies. Hence, you will no longer require offline currency exchange.
* The platform charges a small amount of fee.

WHAT FACTORS YOU SHOULD CHECK WHILE PICKING A BROKER THAT ACCEPTS PAYPAL?

There are two factors that you should actually check.

First of all, please check if your country supports PayPal transaction services. A small list of territories is blacklisted from using PayPal. If you belong to such a country, then it will be a problem.

Secondly, please check whether your country has the “Send Only” status in PayPal or not. Among various countries that accept PayPal payments, some come with Send Only status.

Send the Only status means you can deposit funds using this payment method but you are not allowed to withdraw funds using PayPal.

The best option is to look for such a forex account that allows you to both send and receive funds using PayPal.

PAYPAL CHARGEBACK OPTION

PayPal offers a chargeback payment option for all disputed transactions. For example, if a deposit transaction is not completely authorized by the trader, then you can take advantage of this Paypal chargeback process and the platform will initiate the refund.

Note, all of these above four online forex broker platforms accept PayPal transactions.

Introduction to 4 Digit Broker

4 Digit Broker refers to the brokers who are using 4 decimal pricing such as 1.2345. Traders in the Forex market use currency prices up to 4 digits after the decimal. Orders are executed at the 4 decimal digit, not the usual 5 digits, of the currency in which the trading is being done.

The 4 decimal digits help to simplify the calculation of the difference between two different currency prices. For example, if a trader is offering a currency pair such as USD/EURO for 4.0003 with a forecast of the price rising to 4.0009. This means there is a positive change in the value of the dollar against the euro. This could be determined by the change in the last decimal digit of both the prices. This price point movement can be both negative or positive.

Why 4 Digit Brokers?

When we are dealing with the exchange of currency, the smallest price movement is denoted by pips. These pips represent the point change in the price of a currency pair. Traders take utmost consideration about the changes in the pips as it determines the possible gains or losses. Pips also help in understanding even the small changes in the 4 digit currency prices. More pips the trader gains more is the profit.

4 digit brokers are quite useful and easy when you are dealing with decimal values of currency. Following are the advantages of the 4 digit Broker:

• Accuracy: Accuracy and profit go hand in hand in the forex market. Accuracy comes if a person is well aware of even the slightest change in the currency pair price and knows how to exploit such changes. The 4 digit forex broker helps in such accuracy in the market.
• Timing: Timing is very important while trading as there are changes in the market prices every millisecond. The 4 Digit forex brokers have a detailed knowledge of the changes in the price of a currency pair. Acting upon these changes at the correct time can prove to be beneficial as even the smallest decimal changes in the price can give a huge profit or a huge loss.
• Trading Platform: Trading platforms like MT4 and MT5 possess the skills to read the Forex charts up to 4 digit decimal prices in the forex market. 4 digit forex brokers are well versed with the knowledge of the technical and fundamental analysis of the market and help the investor to utilize this knowledge towards gaining access to these trading platforms.

4 Digit Trading Platforms

To get access to the Forex Market as a trader, a trading platform, or a currency trading platform is needed. This trading platform is provided by the broker to the investor. And it can be accessed through many means such as a mobile app, web portal, etc. two of the most preferred currency trading platforms are MetaTrader4 and MetaTrader5.

Both MetaTrader4 and MetatRader5, read up to 4 digit decimal prices and provide detailed information on the market trend making it convenient for the user to make sound decisions. These trading platforms are also accessible through mobile applications so the traders can get all the information and make transactions anywhere, anytime.

The Final Verdict of 4 Digit Forex Broker vs 5 Digit Forex Broker

You can come across both 4 Digit or 5 Digit brokers but the objective of both the brokers is to gain maximum from the slightest point change in the currency price. It is evident that 5 digit brokers provide a more optimal price difference as compared to the 4 digit broker. But the 4 digit broker provides more accuracy and timing of the market that helps to notice whether there is a positive or negative change in the price. Moreover, with trading platforms like MT4, it becomes an even more preferred and easily accessible concept in the Forex Market.

Finding a broker that matches your portfolio and your expectations from the investment you are planning is difficult and time-consuming, especially when you are not aware of the options available to you. The following is a guide to some of the best 4 digit brokers that can help you towards achieving your investment goals.

Selecting The 4 Digit Broker 

To get the most suitable broker, in accordance with the investor’s needs, one must look for certain factors. Some of these important factors are:

• Check if your 4 digit broker is dealing in the international market as well. He may be enrolled in the training and seminar presentations which will show his presence in the international market.
• If there are any disputes or misunderstandings in the trading, the 4 digit broker may have the ability to become the arbitrator in that situation. This may be possible if the broker is associated with a regulation under the jurisdiction or at least has the knowledge of it to prevent any future misconduct.
• Customer support also plays a big role in displaying the 4 digit brokers’ reputation in the market. It may also be considered while selecting the broker that if he has a justified number of customer support. Consider more than 15 good.
• Deposits and withdrawals can take time which may cause delays. So look for a broker who can help you with the processing within 2 or 3 days.
• A 4 digit broker with considerable experience in the market is always a good option. Make sure your broker has a relevant trading history of 2 or more years.
• Since trading is not taking place locally. It is an international platform and communication can be a barrier in some situations. Find a broker who has the sources to appoint translators for your convenience.

Comparing The 4 Digit Brokers

Out of the pool of the 4 digit brokers in the market, the investor must look towards the following aspects of the broker. These aspects will help him shortlist and choose the most suitable broker that meets his/her portfolio demands. 

• What each brokerage offers you to trade?
• What are the 4 digit brokers’ available funding methods?
• What is the minimum deposit required in order to open a trading account?
• What is the spread type of each brokerage?
• Which trading platform are brokers able to offer?
• What is the value of the customer support offered by the broker?

Other aspects such as Islamic, VIP, micro, and standard account of brokers may also be considered.

Top 15 4 Digit Brokers of 2020

The following are the top 4 digit brokers, and their comparison on the basis of fees, headquarters, benefits, funding methods, deposits, and regulations.

More About The 4 Digit Brokers

After comparing the top 4 digit brokers on the basis of their fees, regulation, headquarters, trading platform, deposit, and customer support, the next step is to get more details about these brokers in order to get clear with what each broker has to offer.

Let’s take a look into a more detailed approach in the 4 Digit Brokers.

Explaining the 4 Digit Brokers 

The market is a very uncertain place and sometimes even the experienced brokers fail to predict an upcoming trend correctly. In such cases, the more detailed information of the brokers helps you to consider the best broker amongst them. The trading platforms they are offering and their individual innovation approach determine their market position. To be successful with your investment, a trustworthy relationship between the broker and the investor is a must. The broker must ensure the investor that he is confident with his trading skills and the investor can rely on him with his decisions.

6 Factors You Must Consider While Choosing The Broker

Following are the questions that one must ask themself before choosing a suitable broker.

Q1. Is your 4 digit broker established and trusted?

A broker’s position in the market can be considered by the broker’s track record. The longevity of the broker tells how accurate and established his approach is in the market. Through this, investors can evaluate the strategy towards the market. 

Amongst the top 4 Digit brokers, eToro is the highest-rated broker. With its headquarters in Cyprus, UK, eToro was established in 2006 and has been operating for the past 12 years.

eToro is regulated which indicates that its conduct is checked and regulated by the Financial Conduct Authority (FCA), the Cyprus Security and Exchange Commission (CySEC) regulatory bodies.

The next popular broker, after eToro, is Plus500. With its headquarters in Israel, Plus500 was established in 2008 and has been operating for the last 11 years.

Plus500 is also regulated which means it is also checked and supervised for its conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Q2. What is the position of the 4 digit broker in the world market?

As discussed before, the trading platforms offered and the innovative approach of the broker help in understanding his market position. The industry leaders can always give you the facilities that not everyone can offer. As the industry-leader, eToro offers over 100 instruments and segregates the clients (investors) funds. It also gives its clients easy access to the market by offering both mobile platforms and online trading platforms. eToro supports various third-party trading platforms by allowing access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.

As the world leader in terms of innovation, eToro is always working towards improving themselves and maintaining their position in the market.

After eToro, Plus500 holds the next position in the industry and it only provides CFDs and offers over 2000 instruments.

Q3. How much fees or commission is the 4 digit broker charging?

Brokers’ commission and fees are something that an investor must not neglect while getting into business with the broker. Make sure to ask the broker about his/her commission or fees and also consider comparing it with that of his competitors.

The top-rated eToro’s minimum deposit is 200 and it has a variety of competitive offerings that includes Cryptocurrency, CFDs, Forex, Social Trading, Stocks, Commodities, Indices, etc. 

As the 2nd top-rated $ digit broker, Plus500 has a minimum deposit of 100 and it offers CFDs.

Q4. How is the customer support service offered by the 4 digit broker?

Customer support of a broker gives a glimpse of the future assistance you can expect from your selected broker. What type of customer service is your broker offering, how prompt he is with the assistance and queries, how quickly can your broker act upon your decisions regarding the training, installation, upgrading, and cancelation? It can also include general customer services like email support, live chat, and tele-calling.

eToro supports various languages including English, French, German, Italian, and Spanish.

Plus500 supports a plethora of languages including Arabic, Bulgarian, Chinese, Czech, Danish, Dutch, English, French, German, Hebrew, Italian, Norwegian, Polish, Portuguese, Slovak, and Spanish.

Both eToro and Plus500 customers can obtain help through their customer service that is available through call chat or email.

Q5. What are the resources that the 4 digit broker can avail?

It is always better when the broker offers complementary resources like risk management tools, education, and analysis. eToro and Plus500 are supported by the wealth of knowledge from top analysts and work together to bring the latest news and insights to traders.

For many traders, novice or experts, the most difficult part is pursuing their edge. Yes, it is important to have an edge along with organized money management, this is not the only thing that can prepare you for the market. The most crucial thing still remains the selection of the broker and access to the market.

Q6. Is the broker checked by a regulatory body?

The job of the regulator is to guard the interests of the traders. If the selected broker’s conduct is checked and supervised by a regulatory body it ensures the security of the traders’ funds that the trader is entrusting with the broker. Sometimes brokers can cause financial harm to the traders by using their investment as their working capital. This type of fraud can only be prevented if there is a regulator to check upon the broker’s work.

Founded in 2008, Degiro is a European brokerage company. It is based out of Amsterdam. It started offering stock brokerage services in 2013 to retail investors by giving them online access to over 60 security exchanges at wholesale prices. It is regulated by the Netherlands Authority for the Financial Markets (AFM). It is registered with the Financial Conduct Authority as well. 

Degiro broker is excellent for scalping traders. Degiro Scalping opportunity is based on very tight spreads that this broker offers.

While Degiro is a well-established brokerage company, it might not be the perfect choice for everyone because of the following reasons:

• You cannot trade cryptocurrencies and Indices with Degiro.
• Neteller, Skrill, and PayPal are not accepted by it.
• It doesn’t offer an ECN account.
• You are not offered MT4 and MT5.
• Degiro scalping is not allowed.
• It doesn’t allow hedging.

Alternatives for Degiro

Some of the best alternative online brokers for Degiro are:

IC Markets

It was founded in 2007 in Australia and has its headquarters in Sydney. It is regulated by ASIC, AFSL, and FSA. It offers good customer support and has a good reputation. It allows losses to exceed the deposit.

eToro

With an overall rating on 4-Stars, eToro is next in the queue. The company was founded in 2007 as well and has offices in Isreal, Cyprus, UK, US, and Australia. It is regulated by the Financial Conduct Authority and CYSEC. It offers great support and has a great reputation. 

X-Trade Brokers

X-Trade Brokers or XTB was founded in 2002 and has its headquarters in Poland. It is regulated by the Financial Conduct Authority, KNF, and CMB. It offers good customer support and has a good reputation. 

Trading 212

Trading 212 was founded in 2004 and is regulated by the Financial Conduct Authority and CYSEC. It offers great customer support and has a good reputation. 

First Prudential Markets

First Prudential Markets or fpmarkets was founded in 2005 and is regulated ASIC. Its headquarters is in Sydney, Australia. It offers good customer support and has a good reputation. 

Pepperstone

Pepperstone was founded in 2010 and is regulated ASIC. Its headquarters is in Melbourne, Australia It offers great customer support and has a good reputation. 

Plus500

Plus500 was founded in 2008. Its regulatory bodies are the Financial Conduct Authority (FRN 509909) and the Cyprus Securities and Exchange Commission (License No. 250/14). Its headquarters is in Israel. It offers great customer support and has a good reputation. 

FXPrimus

FXPrimus was founded in 2009. Its regulatory bodies are CYSEC and MIFID. It offers great customer support and has a good reputation. 

RoboForex

RoboForex was founded in 2009. Its regulatory bodies is CYSEC. It offers good customer support and has a good reputation. 

We hope that our analysis will enable you to make an informed decision.

LMFX is an online brokerage firm, founded in 2008. It offers services for Forex trading, spread betting trading, CFDs trading, share dealing trading, and social trading. LMFX is a publicly listed firm where you can legally buy shares. It is owned and operated by Global Trade Partners Ltd. The company is under the regulations of the Republic of Macedonia. LMFX has an office in Macedonia and another supporting office in Bulgaria.

TradersWay is another online forex broker. It offers a number on trading platforms, including MT Mobile, cTrader, MetaTrader, and MetaTrader 4. You can choose from up to 40 currency pairs at TraderWay.com. Along with Forex, the broker also trades metals and cryptocurrencies.

LMFX vs TradersWay

Both LMFX and TradersWay are among the leading online brokers but when it comes to choosing between the two, who will win the fight in LMFX vs TradersWay?

Just like with everything else in the world, there is no perfect answer to this question. It ultimately depends on the choice and preferences of the investor. However, we can help you in making an informed decision. 

We have prepared a comparison table of these two brokers on the following basis:

• Effectiveness
• Price
• Ease of use and support
• Trustworthiness

One crucial thing that you must keep in mind while selecting a broker is that they must be regulated. If they are not regulated, your investments will stand unprotected. 

Use the table given below to do the analysis:

Introducing The Polish Financial Market

Formerly a part of the Soviet Union and now the European Union, Poland has always seen economic growth. Facing several market reforms and the fall of the USSR, the Polish Market has gained its strength through all this time and came out to be one of the strongest financial markets in the world. Its regulatory body is the Polish Financial Supervision Authority (PFSA) and is strictly regulating all the Polish Brokers.

Warsaw Stock Exchange

Poland Financial Market can be explained without mentioning the Warsaw Stock Exchange. It was founded in 1817 as the Warsaw Mercantile Exchange, later it became Warsaw Stock Exchange in 1991 when it first started trading. Warsaw Stock Exchange (WSE) is a joint-stock company located in Warsaw, Poland. Being the largest stock exchange in Eastern Europe, it is providing a major platform to the Polish Brokers for trading. 

Trading In Poland 

The Polish Financial Market offers options to trade with both local Polish Brokers or international brokers. Both offering their own advantages, one must make sure that the brokers are regulated as it will ensure the safety of the trader’s funds and prevent any kind of misconduct. If something happens the trader can always rely on the authority to resolve the issue, only if the broker is regulated. Although the International brokers of the European Union are widely popular for their reputation, local traders prefer Polish Brokers over international brokers.

The Polish market has a wide variety of offerings in the market. Traders can choose from CFDs, commodities (agricultural and metals), cryptocurrencies, forex pairs (polish brokers trade in polish national currency ‘Zloty’), and stocks. Apart from these, traders, especially the infant traders, also have an option of Demo Accounts. Demo Accounts, as the name suggests, does not require the trader to actually put in his capital but practice and learn from it by trading in Poland and other international Financial Markets. It would teach him the tricks and necessary moves that will help him in the long run, in the trading

Advantages and Drawbacks of the Poland Financial Market

Being one of the largest economies in the Europian Union, Poland’s Financial Market has a lot to offer. Ranked as 40th in dealing with construction permits, 32nd in credit facilities, 25th with insolvency resolving, and in top 5 for trading across borders, Poland is one of the most suitable countries for international traders with English being spoken widely here, resolving the issues of even communication barriers. With Technology Parks and Special Economic Zones (SEZs), businesses have a lot of opportunities to grow with the ever-growing economy. 

Although starting a business is deemed to be good, getting electricity, payment of taxes, and minor investors’ protection can be troublesome here. With Brexit and the transition period in its way, it cannot be neglected that it will impact the Europian as well as the Polish market. The Czech Republic, France, Germany, Italy, Netherlands, and the UK are Poland’s major trading partners and with Brexit, there will be some alterations in such relationships. 

Verdict

With so much to offer and with the security of the regulators, Poland Financial Market is a place where traders will earn as well learn a lot. With the large and dynamic economy, SEZs offering business opportunities, ease of communicating in English, and the regulatory body safeguarding the investors’ money, the market has a positive conclusion for those who are seeking suggestions.

Types of Accounts and Trading In Poland

Poland has a wide variety of trading options and the types of accounts to the traders who wish to trade in this market. There are CFDs, cryptocurrency, commodity trading, ETFs, and forex that the trader can discuss with his broker to get a better knowledge about his/her trading options. 

• Cryptocurrency

Poland has recently improved its internet technology. With that cryptocurrency paved its way into Poland Financial Market. Being a new member of the market, cryptocurrency has gained wide popularity among the traders with Bitcoins worth $6 Billion USD being traded every other day. But its future purely depends on the legal policies of the government.

• Commodity Trading

Poland is a potential member of the commodity market by providing raw materials including agricultural commodities, energy, and metals. These raw materials are widely imported and exported in the world especially in the case of developing countries where these commodities are needed on a large scale. Keeping up with the growing demand for these commodities, Poland is evidently an active country in terms of commodity trading.

• Forex Trading

Although there were rumors that Forex trading is banned in Poland, it is very much legal and has a huge market with over $5.1 Trillion USD being traded every day, from across the world. Forex trading in Poland has a huge potential because of the high level of competition between brokerages, vast internet coverage, and the latest and improved technology. This not only reduces the cost of trading in forex but also provides easy access to the market. But the trader must always make sure that their broker is regulated to ensure the safety of their investments and to prevent any misuse or misconduct.

Since the income from forex trading is obtained from the country, it is taxable after a certain level of profit made by foreign investors. It is advised to contact a Tax professional in Poland to understand the taxation policy in order to prevent any disagreements with the government. There are some reservations and exceptions also in case of different accounts. For example, if a taxpayer has stayed in the use for more than 183 days, the tax can be paid in the US.

• Islamic Trading Accounts

Islamic trading account or Islamic accounts are special accounts offered to people who wish to follow the Quran. Brokers, generally, do not prefer offering such accounts because they are less profitable and the demand is relatively less as according to Islam, paying or receiving interest (Riba) is prohibited (haram). But Polish Brokers offer such accounts in accordance with the Sharia Law ( Islamic law prohibiting the collection of interest). They are also known as swap-free account as to respect the Muslim faith the do not offer rollover interest in overnight positioning.

What Can a Trader Expect While Trading in Poland

With the growing internet technology and a strong economy, Poland attracts many investors offering them opportunities in finance and business. Even with such positive aspects, it is always advised to always to have the knowledge about trading and leverage. One can always opt for a demo account. To practice trading, before going fully into the market. One must always make sure that their selected broker is regulated and is suitable to the needs of your portfolio. The Poland Trading Market is now able to defraud the unsuspecting investors due to the technological advancement and trading digitization. But one must not always blind about the fact that there will always be profit coming their way. High leverages can give you both negative and positive outcomes. But the Polish Brokers take measures by offering their traders to stay away from such losses through stop-order and negative balance protection which will help diminish the losses to a great extent.

Selecting The Polish Broker

While selecting a broker, traders must keep in mind the following factors that will help them understand their broker in a more accurate and to make them more confident in their decision-making process

1. As said before, make sure that the Polish Broker you select is regulated by the authority and all his actions are conducted under the regulatory body. The broker may also have the skills and knowledge of arbitration which can help the trader in case of any disagreements in the market.
2. What resources and connections does your broker has in the international market that can help you in cases where you need someone to communicate in your language, for a better understanding.
3. Understand the positions and presence of the Polish Broker in the international market.
4. Customer support is also an important factor to consider the position of the broker in the market. Better customer support reflects the working ethics of the broker which can give positive feedback of the broker.
5. Trading experience of at least 2 years is considered worthy of considering a broker for trading. So, look for a Polish Broker who has a history of 2 or more years in the Poland  Financial Market.
6. The broker must also be able to process the fundings within 2 or 3 days as it will help in preventing any delays during withdrawals which can be a hassle and a time-consuming process in certain cases.

In case the trader is opting for an international broker, he/she must make sure that the regulated by an international regulatory body. In the case of  Polish Brokers, they are regulated by the Polish Finance Supervision Authority (PFSA). 

Important Questions

Before selecting a broker, the trader must male sure to get answers to the following questions in order to match the requirements of his trading plan with that of the broker. The questions being:

1. What trading platforms can the Polish Broker offer you?
2. What are the funding methods used by the Polish Broker?
3. What is the Customer Support Level of the Broker? (more than 15 acceptable)
4. What is the minimum deposit requirement?
5. If the broker is offering, what is the spread type?
6. How much is your limit to trade with each brokerage?

Comparison Between Top 15 Polish Broker

Following is the list of Polish Brokers compared on the basis of the above-stated questions such as funding methods, fees, regulations, and others.

Top Polish brokers

Forex broker Review	Visit	Promotions
Hotforex	Hotforex
Instaforex	Instaforex
FxPro	FxPro
Avatrade	Avatrade
Dukascopy	Dukascopy
Exness Reivew	Exness	Exness
XM.com	XM.com

Detailed Polish Brokers

While selecting a Polish Broker, careful consideration of every aspect, and every character of the broker is completely necessary. Sometimes all the knowledge and education of the trader is not enough to select the perfect broker whom the trader can rely on completely with his funds. In such cases, it is a smart move to look for a broker who is an industry leader and is well versed with the latest technological improvements and changes taking place in the market. Apart from these getting information on the basis of the below-mentioned features of the brokers is equally necessary for the process of selecting a suitable broker and having access to the financial markets.