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Best Przelewy24 Brokers 2023

Przelewy24 – also known as P24 – is an online payment system that traders in Poland and other European countries can use to fund and make withdrawals from their brokerage accounts. This may not be the best-known payment service among day traders globally, but it is a popular company with excellent integration in its native region and it can be a fast and economical way to handle money transfers to and from Przelewy24 brokers.

This review will delve into Przelewy24’s aggregator system and how it can be used for trading accounts, as well as providing a guide to some of its benefits and drawbacks. We have also ranked the best brokers that accept Przelewy24 deposits in 2023.

Przelewy24 Brokers

These are the 1 best brokers that accept Przelewy24 deposits and withdrawals:

  1. Just2Trade

#1 - Just2Trade

Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.

"Traders seeking a multi-asset broker with an exceptional range of 35,000+ assets, market-leading software and low trading fees should consider Just2Trade. The Try2BFunded program will also appeal to users seeking funded trading accounts."

- DayTrading Review Team
  • Instruments: Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds
  • Regulator: CySEC, NFA, FINRA, Bank of Russia
  • Platforms: MT4, MT5, TradingCentral
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:20

Payment Methods

Just2Trade accepts these 20 payment methods for deposits and withdrawals:

  • AstroPay
  • Bitcoin Payments
  • Cashu
  • Credit Card
  • Debit Card
  • Ethereum Payments
  • Giropay
  • Klarna
  • Mastercard
  • Neteller
  • POLi
  • PayPal
  • Paysafecard
  • Przelewy24
  • Skrill
  • Trustly
  • UnionPay
  • Visa
  • Wire Transfer
  • iDeal

CFD Trading

With CFDs on 20+ Polish and 30+ US stocks, as well as energies and seven global stock indices covering US, UK, European, Australian and Japanese markets, Just2Trade offers a superb selection of global assets.

Forex Trading

Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex day traders.

Stocks Trading

As well as Just2Trade's 50+ stock CFDs, traders can access a huge variety of thousands of stocks traded on US and international exchanges. The chance to build an investment portfolio and benefit from dividends sets Just2Trade apart from most CFD brokers.

Crypto Trading

Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin. On the downside, crypto trading is only available to clients from Asia which is more restrictive than many alternatives.

Pros

  • WhoTrades social network and copy trading through Novoadvisor
  • Regulated and trustworthy with authorization from FINRA, NFA & CySEC
  • Competitive fee schedule and high-quality trade executions

Cons

  • Few standard educational resources compared to other brokers
  • Cryptocurrency is only available in Asia
  • Research tools such as stock screeners require third-party applications
Visit Just2Trade

What Is Przelewy24?

Since its establishment in Poland in 2005, Przelewy24 has risen to become the country’s leading online payment service. Przelewy24 has partnered with hundreds of banks as well as e-wallets and mobile payment apps including Apple Pay and Google Pay to create what it calls a payment method aggregator, boasting some 350 transfer solutions that can be used with more than 150,000 registered partners. As such, P24 is not an e-wallet or payment method in itself, but rather a gateway that allows users to link up other methods to make transactions with trading brokers and accepted vendors.

Przelewy24’s main currencies are listed as the Polish Zloty (PLN) and Euro (EUR), but the service also offers transactions and payouts to foreign currency accounts, as well as international money orders and fast money transfers in Poland, Czechia and Slovakia.

How Does Przelewy24 Work For Day Traders?

Przelewy24 will mainly be useful to traders based in Poland, or to those who have funds in PLN that they use for trading. As such, P24 traders will be on the lookout for brokers that accept PLN deposits, some of whom will also accept Przelewy24 as a seamless method for deposits and withdrawals.

XM and Capital.com are just a couple of the popular trading brokers that accept Przelewy24 deposits, allowing for fast and simple transfers directly through brokers’ platforms.

Since the firm defines itself as an aggregator and has bank transfer functionality as well as partnerships with some other large transfer apps, some traders may also wish to use the Przelewy24 application as an intermediary to fund a trading account through one of these alternative methods.

How To Set Up A Przelewy24 Account

The Przelewy24 website directs merchants and prospective partners, but not consumers, to its registration process. This is because P24 is a payment method aggregator, so users do not need to set up an account. Rather, traders will be able to use their preferred method when they make transfers to and from brokers that accept Przelewy24 deposits and withdrawals.

In other words, Przelewy24 brokers and other merchants who register with P24 will offer this service on their payment page, and users who select it will be able to then choose which specific method out of the 350+ supported by P24 that they want to use.

Fees

P24 gears its pricing structure to merchants rather than customers. As a result, merchants will need to pay a commission or fee which depends on the type of transfer method used, but generally remains around 1.9%. Charges for Diners Club and other credit card transactions are higher, while the company charges nothing for transactions via PayPal and other e-wallets, which levy their own fees.

Many brokers that accept P24 deposits will cover the charges for this method themselves, though some may pass some or all of the cost onto traders. The fees for the specific transfer method you use should be clearly stated on your trading broker’s payment screen.

Traders should also remember that the fees charged by the specific method they use will also apply. So, if your bank charges you to make a transfer, this charge is still likely to apply if the transfer goes through P24’s service.

Przelewy24 Transaction Times

Since P24 brokers are likely to integrate the service’s API into their websites, there should be no additional transaction times from using this service.

The speed of your transactions should thus depend on the payment method you use, and whether Przelewy24 brokers require any internal processing time. While deposits via e-wallets and other digital methods are usually instantaneous, bank transfers may take a period of between a few hours and a day or two, and Przelewy24 brokers often require a few days to process withdrawals.

Security

As Poland’s most popular online transfer service, Przelewy24 is trusted by millions of users and many partner payment services and merchants. As a result, the company implements industry-standard security measures, including SSL – Thawte Inc certificates on its payment pages.

The P24 website also has a form that can be used to contact customer services with any queries. However, traders should note that, as this aggregator serves as a gateway through which customers can use other payment services, it should not be necessary for individuals to provide the company with their personal details. If you receive an email or telephone communication that claims to be from P24 and asks you to provide any private information, you should treat it with caution.

How To Make Deposits & Withdrawals With Przelewy24

As mentioned above, the Przelewy24 service does not include a wallet of its own – rather, it allows traders to use one of its supported payment methods to make their transactions.

If you have an account with brokers that accept P24 deposits and you want to use their service, you should simply select it in the deposit and withdrawal portal and then choose which specific method you would like to use.

The process for making deposits and withdrawals should be very similar, and your trading broker should provide all of the necessary information in their payments zone. You will typically have to enter the minimum deposit amount or higher and confirm the transfer through a secure pop-up page.

Pros Of Przelewy24 Brokers

Cons Of Przelewy24 Brokers

Is Przelewy24 A Good Choice For Traders?

Przelewy24 is not a standalone payment method but an aggregator that allows traders in Poland to make deposits to supported brokers using their preferred transfer method. As such, this is mainly useful to investors who live in Poland or who have access to funds in the Polish currency. It may not be useful to many traders outside this region, but for those who trade with PLN, this is a quick, reliable and convenient payment service.

Head to our list of the top Przelewy24 brokers to make a deposit and start trading.

FAQ

What Should Day Traders Know About The Przelewy24 Payment System?

The Przelewy24 or P24 payment system is an aggregator that allows investors in Poland and some other geographical locations to fund their trading accounts with Polish Zlotys (PLN) through their favored payment method. In other words, traders can use P24 as an intermediary through which to make a bank transfer, card or e-wallet deposit, as long as they are signed up with a broker that accepts Przelewy24 deposits.

Which Brokers Accept Przelewy24 Deposits?

Trading brokers that accept deposits in Poland’s currency (PLN) may well be signed up with Przelewy24, since this is the country’s leading online payments service. Among the top Przelewy24 brokers are XM and Capital.com.

Are Przelewy24 Deposits To Trading Brokers Safe?

Przelewy24 is a payment aggregator, and it does not provide e-wallet functionality to individual traders, nor require them to register and provide their personal information. As a result, the service should be safe, as long as the payment method you are using and the trading broker you are dealing with are secure.

Are Przelewy24’s Exchange Rates Cheap For Trading Transfers?

Przelewy24 offers a system to exchange PLN and EUR currencies that it says allows buyers to “avoid an unfavorable spread and currency conversion by the bank.” It also says that it can “offer transactions and payouts directly to currency accounts, avoiding currency conversion”, and “provide deposits in foreign currencies and express payouts to dedicated bank accounts.” This means that traders may be able to use P24 to cheaply fund accounts at brokers that accept payment in a foreign currency. However, the exact fees and practicality of this are likely to be down to the precise transfer method that is used.

Which Payment Methods Can I Use With Przelewy24 To Fund My Trading Account?

Przelewy24 works with more than 350 different transfer methods, including banks, credit and debit cards, e-wallets, mobile payment services like Google Pay and Apple Pay, and more. The type of method you can use with brokers that accept Przelewy24 deposits may vary, depending on that brokerage’s list of accepted payment options. The supported solutions are likely to be listed in a scroll-down menu when you select P24 on your broker’s deposit and withdrawal page.