Best Przelewy24 Brokers 2024
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 review will delve into Przelewy24’s aggregator system and how it can be used for trading accounts, as well as provide a guide to some of its benefits and drawbacks. We have also ranked the best brokers that accept Przelewy24 deposits in 2024.
Best Przelewy24 Brokers
Our hands-on tests have revealed these top 5 brokers that accept Przelewy24:
Przelewy24 Brokers Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Leverage | Visit |
|---|---|---|---|---|---|
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$50 | CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds | eToro Web, CopyTrader, TradingCentral | - | Visit |
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- | CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities | MT4, MT5 | - | Visit |
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$250 | CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies | WebTrader, MT4, TradingCentral | 1:30 (Retail), 1:400 (Professional) | Visit |
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$10 | CFDs, Forex, Stocks, Indices, Commodities, Cryptos | MT4, MT5 | 1:30 (EU), 1:500 (Global) | Visit |
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€100 | CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs | Libertex (and mobile app), MT4, MT5 | Up to 1:30 (Retail) | Visit |
#1 - eToro
Why We Chose eToro
eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities, Bonds
- Regulator: FCA, ASIC, CySEC, FSA, FSRA, MFSA
- Platforms: eToro Web, CopyTrader, TradingCentral
- Minimum Deposit: $50
- Minimum Trade: $10
Pros
- Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more
- The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo
- eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies
Cons
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
- There are limited contact methods aside from the in-platform live chat
- Traders will face currency conversion fees for account denominations other than USD
#2 - InstaForex
Why We Chose InstaForex
InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to over 7 million clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs. Traders can also access copy trading services, PAMM accounts and investment opportunities. InstaForex is regulated by the BVI FSC.
"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities
- Platforms: MT4, MT5
Pros
- The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources
- The broker is accessible for beginners, with low minimum deposits, Cent accounts (for global clients) and zero-commission trading available
- InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types
Cons
- The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
- Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+
- The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards
#3 - ForexTB
Why We Chose ForexTB
Established in 2015, ForexTB (FXTB) is a multi-asset broker offering CFDs on over 300 instruments via its own web-based platform or the popular MetaTrader 4. FXTB offers a choice of four accounts with premium tiers enjoying tighter spreads and zero commissions, though substantial minimum investments climbing to €250k put these out of reach for most day traders.
"ForexTB is geared towards active traders in Europe who can afford the significant minimum deposit to quality for competitive trading conditions. However, there are better brokers with ForexTB still failing to deliver in key areas, notably pricing, research, education and support."
- DayTrading Review Team
- Instruments: CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies
- Regulator: CySEC
- Platforms: WebTrader, MT4, TradingCentral
- Minimum Deposit: $250
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail), 1:400 (Professional)
Pros
- ForexTB is authorized by the CySEC in Europe, a trusted regulator, though it reached a €270k settlement in 2022 for possible violations.
- FXTB is one of a select few brokers to offer a professional account that maintains negative balance protection, preventing losses beyond account balances.
- Analytics from Trading Central is included, which offers additional technical tools, analytical reviews, fundamental news, and access to primary sources of information, helping to inform trading decisions.
Cons
- ForexTB offers wider spreads than many competitors, notably low-cost brokers like IC Markets, especially if you opt for the Basic account.
- Customer support can't be relied upon for urgent trading queries with just phone and email channels and wait times of several hours during testing, seriously lagging behind alternatives like XTB.
- ForexTB prices out many retail traders with three of its four accounts requiring minimum deposits of €25k+, making it a poor option for beginners.
#4 - AAAFx
Why We Chose AAAFx
AAAFx is a forex and CFD broker, established in 2007 and headquartered in Greece. The company is regulated by the HCMC and FSCA and supports a selection of ECN accounts with low spreads, fast order executions and convenient deposits.
"AAAFx is best for forex traders seeking ECN conditions with spreads from zero and MetaTrader access. It’s also suitable for social traders with ZuluTrade support. However, AAAFx seriously falls short for newer traders with minimal research features and no educational tools."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, Cryptos
- Regulator: HCMC, FSCA
- Platforms: MT4, MT5
- Minimum Deposit: $10
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (EU), 1:500 (Global)
Pros
- The minimum deposit is low and opening an account is fast, taking less than 5 minutes.
- You get fast execution speeds from 10 milliseconds with no restrictions on strategies, creating a flexible environment for day traders.
- AAAFx supports a wide range of payment methods with near-instant funding and zero transfer fees, ensuring convenient deposits.
Cons
- You can’t make deposits and manage your AAAFx account through an app, meaning you have to sign in to the website, dampening the mobile trading experience.
- By discontinuing ActTrader and lacking a proprietary platform, traders are limited to MetaTrader, which is outdated and less ideal for newcomers.
- There are no proprietary educational tools, relying on ZuluTrade, making AAAFx less attractive to beginners compared to brokers like eToro.
#5 - Libertex
Why We Chose Libertex
Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.
"Libertex will appeal to both beginner and experienced traders thanks to its easy-to-use platform and low fees. The brand is also a good pick for share dealing with commission-free stock investing."
- DayTrading Review Team
- Instruments: CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs
- Regulator: CySEC
- Platforms: Libertex (and mobile app), MT4, MT5
- Minimum Deposit: €100
- Minimum Trade: €20
- Leverage: Up to 1:30 (Retail)
Pros
- 40+ industry awards
- Accepts wide range of funding methods
- User-friendly platform as well as support for MT4 and MT5
Cons
- Lacks educational content and other features
- List of tradeable underlying assets is small compared to rivals
- Limited account options
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 Deposit Using 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
- Fast and easy trading deposits in Polish Zlotys (PLN) and Euros (EUR)
- Supports a large number of payment methods, including bank transfers, e-wallets and credit cards
- Available at some online brokers that accept deposits in PLN
- Good security and low fees at the top Przelewy24 brokers
- No need to download an app or register for a service
Cons Of Przelewy24 Brokers
- Limited benefit for traders outside of Poland
- Less likely to be available from trading brokers that do not accept PLN payments
- Traders cannot use P24 as a standalone system to handle their deposits and withdrawals; they will need to use it in conjunction with another payment method
Is Przelewy24 Good For Day Trading?
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.