Brokers With PLN Accounts

Written By

James Barra

Edited By

Jemma Grist

Fact Checked By

William Berg

Updated

Jun 12, 2024

Brokers with PLN accounts allow traders to manage their portfolios with the Polish zloty as the base currency. Born from a relatively small economy, the Polish zloty is not as commonly traded as the US dollar or euro, however, PLN accounts do offer advantages for Polish investors.

This article will cover the benefits, the history of the currency and list the best brokers with PLN accounts in 2024.

Brokers With PLN Accounts

These are the 3 best brokers that offer accounts with PLN as the base currency:

Click a broker for details

1

FOREX.com

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FOREX.com Review

New Customer Bonus Offer Active Trader Program With A 15% Reduction In Costs

Ratings

Regulation & Trust 4.9 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.3 / 5

Fees & Costs 4.6 / 5

Platforms & Tools 4.6 / 5

Customer Support 4.3 / 5

Research 4.8 / 5

Education 4.5 / 5

iOS App 3.6 / 5

Android App 3.8 / 5

Minimum Deposit $100

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Stocks, Futures, Futures Options

Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

Payment Methods Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

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2

Revolut

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Revolut Review

Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.

Minimum Deposit $0

Minimum Trade $1

Leverage

Regulator FINRA, SEC

Instruments Stocks, Cryptos

Platforms Own

Payment Methods Wire Transfer, Debit Card, Credit Card, Apple Pay, Google Wallet, Visa, Mastercard

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, NOK, DKK, CHF, HKD, PLN, CZK, HUF

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3

Zacks Trade

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Zacks Trade Review

Minimum Deposit $2500

Minimum Trade $3

Leverage

Regulator FINRA

Instruments Stocks, ETFs, Cryptos, Options, Bonds

Platforms Own

Payment Methods Wire Transfer, ACH Transfer, Cheque

Account Currencies USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

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Here is a short summary of why we think each broker belongs in this top list:

FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
Revolut - Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.
Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.

Brokers With PLN Accounts Comparison

Brokers With PLN Accounts Comparison
Minimum Deposit	Instruments	Platforms
$100	Forex, Stocks, Futures, Futures Options	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
$0	Stocks, Cryptos	Own
$2500	Stocks, ETFs, Cryptos, Options, Bonds	Own

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus Offer	Active Trader Program With A 15% Reduction In Costs
Demo Account	Yes
Instruments	Forex, Stocks, Futures, Futures Options
Regulator	NFA, CFTC
Platforms	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.

Cons

Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.

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FOREX.com Review

Revolut

"Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment."
William Berg, Reviewer

Revolut Quick Facts

Demo Account	No
Instruments	Stocks, Cryptos
Regulator	FINRA, SEC
Platforms	Own
Minimum Deposit	$0
Minimum Trade	$1
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, NOK, DKK, CHF, HKD, PLN, CZK, HUF

Pros

Secure trading environment & login protocols
No commissions or custody fees on stocks
Beginner-friendly mobile investing application

Cons

No advanced trading platform
Relatively narrow product range
No margin trading

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Revolut Review

Zacks Trade

"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer

Zacks Trade Quick Facts

Demo Account	Yes
Instruments	Stocks, ETFs, Cryptos, Options, Bonds
Regulator	FINRA
Platforms	Own
Minimum Deposit	$2500
Minimum Trade	$3
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Pros

20+ account denominations
Regulated by FINRA with access to the Securities Investor Protection Corporation
Demo account

Cons

Shortcomings regarding platform loading times and technical glitches
Withdrawal fees apply if removing funds more than once per month
High minimum requirement of $2,500

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Zacks Trade Review

What Is A PLN Account?

A PLN account means you can deposit, hold, and trade in Polish zloty. This is known as an account base currency. All profits, losses, commissions, fees and account management takes place in the selected money which can be selected at the sign-up stage.

It is worth noting that you do not necessarily have to deposit in your base currency. For example, a USD deposit to a PLN account will be converted to Polish zloty at the current exchange rate.

Note, you may need to open a new account to change the base currency.

PLN Currency Explained

The Polish zloty (PLN) is the official currency of Poland. The currency has a long history dating back to 1919 although it was not circulated in the country until 1924.

The monetary policy of Poland is directed by the Narodowy Bank Polski (NBP), the central bank. Responsibilities of the NBP include price stability through the release of coins and notes.

Importantly, Poland’s acceptance into the EU in 2004 required the implementation of the Euro. Yet conversion to the currency has not been executed.

The typical exchange rate of the currency floats between three to four PLN to one USD.

Benefits Of Brokers With PLN Accounts

Charges – The majority of brokers with PLN accounts do not charge fees for deposits and withdrawals in Polish zloty, though third-party charges may apply. Importantly, this can help protect profit margins.
Easy Access – Polish traders can use PLN accounts to access international markets, such as European stock exchanges, major forex pairs, and cryptos like Bitcoin. Brokers accepting the local currency essentially make the trading process smoother, removing the need for currency conversions to the USD or Euro, for example.
Use Existing Payment Methods – PLN accounts often work seamlessly with local deposit and withdrawal solutions such as Przelewy24. These tend to offer quick processing times, with funds often available within one working day. You may already have set up a local deposit solution so you could fund a trading account and begin investing right away.
Regulation – Brokers offering a PLN account to Polish citizens are more likely to be regulated by the Polish Financial Supervision Authority. The regulatory body provides access to compensation schemes and ensures negative balance protection for all retail traders.

How To Check A Broker Offers A PLN Account

It may not be clear at first glance if a broker offers a PLN account. However, most brokerages provide details on account denominations on their registration page.

Alternatively, you can check the payments area for details of accepted currencies by deposit method. Remember, exchange rate charges may apply if accounts aren’t available in a registered currency.

If information is still unavailable, it could be worth contacting the broker’s customer support team. Note, live chat often provides the quickest response times.

Comparing Brokers With PLN Accounts

Brokers with PLN accounts are ideal for investors who actively trade the Polish zloty or for those based in Poland. However, choosing between providers can be time-consuming, so we have summarised the key considerations below:

Fees – Costs can vary between brokers that offer PLN trading accounts. Spreads and commissions can quickly eat away at profits so compare charges associated with your asset of choice.
Demo Accounts – Paper trading profiles are a great way to test out a broker’s platforms and tools before opening a live account. You can test strategies in a risk-free, simulated environment with access to virtual funds.
Mobile App – It is worth checking the broker offers access to a mobile application. Trading on the go is important in the fast-paced day trading environment, so a compatible mobile app can keep you connected wherever you are.
Assets – Brokers offer various assets and products. Decide on which market you are interested in investing in before opening an account with a broker. This might include trading on a major European exchange or speculating on forex pairs like the USD/PLN, EUR/PLN or GBP/PLN.
Minimum Deposit Requirements – How much Polish zloty is required as an initial deposit to fund an account? Look out for brands with low starting requirements if you are a new investor. XM for example, has a minimum deposit requirement of $5 or around 20 Polish zloty.
Regulation – The best brokers with PLN trading accounts are regulated and authorised by a top-tier financial body. Those offering services to Polish residents may also hold a license with the Polish Financial Supervision Authority (PFSA). You can check whether your trading broker is a member of an institution via their official websites and registers. Importantly, regulated brokers provide capital protection and safeguarding initiatives for retail traders.

Final Word On PLN Trading Accounts

Brokers with PLN trading accounts are ideal traders in Poland, as well as international investors looking to actively trade the currency. It is certainly not a common base currency vs the USD, GBP or EUR, but you can still find top-rated and reliable brands.

See our list of the top PLN brokers to start trading today.

FAQs

Which Brokers Offer PLN Trading Accounts?

Several leading brokers offer PLN as a live account base currency. These include XM, CMC Markets and FxPro.

Can Anyone Open A PLN Trading Account?

Yes, typically all traders can open a PLN account. With that said, it is best to check eligibility for your country of residence before opening a live account. A currency conversion may also be required if the base currency is not your local fiat money.

How Can I Choose Between Brokers With PLN Trading Accounts?

There are many considerations when choosing between online brokers. Your personal preferences and requirements may play a part, but key factors to compare include asset access, platforms, regulatory status, mobile applications and fees.

Why Use Brokers With PLN Trading Accounts?

Registering with a broker that offers a PLN account has several benefits, particularly for Polish traders or those actively trading the currency. This includes straightforward access to financial markets and assets, no costly conversion fees and the utilisation of local funding methods.

Where Can I See If A Broker Offers A PLN Account?

This information is often published within the account details webpage or the deposits and withdrawals section of your broker’s site. It is also typically listed as a drop-down during account registration. If you cannot find any details, contact the broker’s customer support.