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PLN currency fx accounts

The Polish Zloty (PLN) serves as the official currency of Poland and is divided into 100 grosz-y. It holds a prominent position as the most-traded currency in Central and Eastern Europe and ranks 21st in the foreign exchange market. As a result, Polish traders find it appealing to use Zloty as their trading account currency. Opting for a PLN fx trading account comes with numerous advantages, such as avoiding currency conversion fees when dealing with different currencies, and benefiting from lower transaction costs by utilizing locally popular payment options. Forex brokers with Zloty accounts also facilitate widely-used payment methods in Poland, reducing transaction costs and allowing traders to have more capital available for their FX trading. To assist you in your search for reliable Forex brokers with PLN accounts, we have compiled a list and ranked them below.

9.90

XM read review

MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals

Regulations

ASIC, CySEC, DFSA +2 more

Platforms

MT4, MT5

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9.72

HFM read review

MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals

Regulations

ASIC, CySEC, DFSA +2 more

Platforms

MT4, MT5

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9.36

AvaTrade read review

MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP

Regulations

ASIC, CySEC, DFSA +2 more

Platforms

MT4, MT5

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8.10

easyMarkets read review

MT4MT5Copy tradingHigh leverage

Regulations

ASIC, CySEC, FSA Seychelles +1 more

Platforms

MT4, MT5, TradingView +1 more

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7.03

Naga Markets read review

MT4MT5Copy tradingECNHigh leveragePAMMSignals

Regulations

CySEC

Platforms

MT4, MT5, Custom

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5.59

FxPro read review

MT4MT5cTraderCopy tradingHigh leveragePAMMSignals

Regulations

CySEC, FCA UK, FSC Mauritius +2 more

Platforms

MT4, MT5, cTrader +1 more

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5.23

Vantage read review

MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP

Regulations

ASIC, FSCA, VFSC

Platforms

MT4, MT5

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4.15

FP Markets read review

MT4MT5cTraderCopy tradingECNHigh leveragePAMM

Regulations

ASIC, CySEC, FSCA

Platforms

MT4, MT5, Myfxbook AutoTrade +1 more

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The Polish Zloty operates as a floating currency, which means its value is determined by supply and demand in the Forex market. FX brokers that offer accounts in Zloty are permitted by the local regulator, the Polish Financial Supervision Authority (known as KNF in Polish), to offer a maximum leverage of 1:100 to Polish traders—a very reasonable ratio. The history of the Polish Zloty dates back to the 10th century, and it has undergone various reforms. In its current form, the Zloty was reformed in 1994. While Poland plans to transition to the Euro, this move will occur when specific criteria are met. For traders in Poland or those interested in trading the PLN, opting for Forex brokers that offer PLN accounts is the best approach. This choice helps reduce transaction costs, avoids conversion fees, and enables traders to take advantage of 1:100 leverage.

FAQs about PLN

What is PLN currency?

PLN is the official currency of Poland, subdivided into 100 groszy. It's the most-traded currency in Central and Eastern Europe and ranks 21st in the foreign exchange market.

Is PLN fixed or floating currency

Polish Zloy is a floating currency meaning its exchange rates change depending on the supply and demand of the currency in the foreign exchange market.

What are the advantages of using Zloty as an FX account currency?

Using Zloty as the forex account base currency offers several benefits like avoiding currency conversion fees, lower transaction costs with locally popular payment options, and access to Forex brokers with 1:100 leverage for Polish traders.