Is Forex Legal in Poland?

Forex trading is fully legal in Poland and is overseen by the Polish Financial Supervision Authority (KNF). Any brokerage firm offering forex services must be licensed and registered with the KNF under the Act on Trading in Financial Instruments, ensuring investor protection and market integrity (1).

The Foreign Exchange Law of 27 July 2002 liberalized currency transactions by abolishing most prior restrictions, allowing both residents and non-residents to freely engage in foreign exchange operations. The National Bank of Poland (NBP) monitors these activities to maintain financial stability (2).

"Starting from 1 October 2002, the Foreign Exchange Law of 27th July 2002, has taken effect, which introduced far going changes, abolishing most of the previous restrictions on foreign exchange transactions in Poland."

To safeguard against unlicensed operators, the KNF publishes public warnings about unauthorized forex providers and enforces penalties for illegal activity. Prospective traders should verify a broker’s KNF registration to ensure compliance with Polish regulations.

Source:
https://www.knf.gov.pl/en/MARKET/Licensing_and_registration/Capital_sector/Brokerage_service_providers
https://nbp.pl/wp-content/uploads/2022/11/role_nbp_en.pdf

Last updated: 17-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.