The Ultimate Guide to
Plus500
www.plus500.pl
Plus500 offer their trading platform within Poland through their regulated subsidiary, Plus500CY Ltd. Based in Limassol in Cyprus, the company are regulated throughout the EEA by the trusted European regulator, the Cyprus Securities and Exchange Commission (CySEC). Polish traders are therefore offered a high degree of security and protection on their trading account with Plus500, as the stringent regulations that CySEC imposes on the firm ensure that their funds are segregated and other high operational standards are adhered to.
The platform offered by Plus500 is easy to navigate and powerful. Polish traders can use Polish Zloty as the base currency for their trading platform. Once an account has been set up, the platform can be accessed instantly through a web browser. Apps are also available for a variety of devices. The platform can be tested by setting up a free, unlimited demo account.
Plus500 are primarily a contracts for difference (CFDs) provider, however through these instruments, clients can have access to thousands of markets, allowing them to trade commodities, securities, indices, Forex and more. No commissions are taken on trades and the company offer tight spreads to account for trading costs. With leverage of up to 1:300, clients can increase their exposure to their chosen markets using smaller deposits. Stocks and markets that are frequently traded by Polish traders include the Warsaw Stock Exchange WIG20 Index, crude oil, cocoa and KGHM Polska Copper.
The platform, Plus500.pl website, training tools, learning materials, and customer support are all available in the Polish language, making Plus500 a top choice for Polish traders.
AvaTrade
www.avatrade.pl
AvaTrade provide their services within Poland through a dedicated Polish language website and a range of trading platforms. A virtual currency account can be opened for free and used for 21 days, with scope to extend access to the demo account by contacting an account manager. AvaTrade are a top choice for Polish traders as they are authorised and regulated by the Central Bank of Ireland and the MiFID (Markets in Financial Instruments Directive) regulatory regime, ensuring that they meet certain standards and criteria for carrying out activities relating to the provision of financial instruments.
Depending on their level and the amount they wish to trade, clients can choose from three different accounts. The Silver account can be opened with a minimum deposit of just €100. The demo account includes live price feeds, and looks the same as a real account in every other way, making it ideal for traders who want to get used to their trading platform before going ahead and trading with their own money. The different platforms on offer include MetaTrader 4, which is commonly used throughout the industry, as well as AvaTradeAct – AvaTrade’s own platform which is used for trading CFDs, Forex, commodities and indexes.
AvaTrade also offer their own debit card for traders to make deposits to and withdrawals from their account. Debit / credit cards and bank transfers can also be used, although verification documents will be required for credit card deposits.
Polish language customer support is available from AvaTrade via telephone, Live Chat or email.
eToro
www.etoro.com/pl/
Since their inception in 2007, eToro have become one of the top brokers in the world. With more than 6 million users, and over 200 million positions open in July 2017, the company operates in over 170 countries worldwide. A recent addition to the countries that eToro extends its services to is Poland, and with a dedicated Polish website and customer support, this makes eToro an attractive option for Polish traders.
eToro are regulated within the EEA by respected financial services regulators, the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC). Under the regulations, client funds are kept separate from business funds and held within the most trusted and robust European banks. Personal information provided by clients is also kept private and secure.
One of the reasons for eToro’s rapid expansion in the marketplace is due to its unique social trading technology, CopyTrader™. This allows traders to observe trades placed by other users, and easily copy their portfolios. Furthermore, clients can discuss their trading strategies and decisions with other traders, and learn from each other. This makes it an ideal platform for less experienced traders who want to learn from successful traders and copy their moves.
Just some of the financial markets available to trade include currencies, stocks, commodities and indices, which can all be accessed in the form of contracts for difference (CFDs).
A practise account with US$10,000 virtual currency can be set up for free; and clients can open a live account when they are ready, depositing funds using Visa, Mastercard, PayPal, Skrill, Neteller, WebMoney and Yandex. The platform base currency is US dollars.
