Best Copy Trading Platforms in Poland – Top Picks for 2024
Like citizens of other countries, Polish people are actively looking for ways to make money online. Trading continues to be a popular option for them. However, not all citizens of Poland have the right skills to become profitable traders. Brokers and crypto exchanges in this country understand this, and that’s why they have introduced copy trading services to allow newbies to trade under the guidance of experts.
Are you a beginner looking to replicate the trades of professionals? This guide explores the leading copy trading platforms you can find in Poland. Stay tuned!
RoboForex
Over the past seven years, RoboForex has shown its dedication to offering traders a conducive environment for online trading. Since its launch, the broker has added several analytical tools to facilitate proper analysis of the financial market.
Besides operating in Poland, RoboForex is available in over 50 other countries. Copy traders on this broker have access to approximately 11,000 tradable instruments. What’s more, the fees charged on copied trades are considerably cheaper than those imposed on other platforms.
Pros and Cons
Pros
1. The required minimum copy trading capital ($10) is affordable for many Polish traders.
2. As mentioned, trading fees are fair, thus allowing copy traders to pocket most of the realized profits.
3. RoboForex is known for fast fund withdrawals.
Cons
1. Smaller accounts may not copy trade a number of Forex pairs due to restrictions.
2. RoboForex’s customer support isn’t the best.
TeleTrade
As a copy trader on TeleTrade, you can trade indices, Forex, stocks, crypto, and metals on the platform using any of the offered accounts. TeleTrade is available not only in Poland but also in 40 other nations.
What makes its copy trading platform stand out is the educational section, which features several learning materials that teach new users how copy trading works. There is also an economic calendar that informs traders of major upcoming events that may impact the financial markets.
Pros and Cons
Pros
1. TeleTrade comes with an informative learning section.
2. It offers access to various asset classes, thus enabling diversification.
3. The brokerage firm’s customer support team is responsive.
Cons
1. TeleTrade has fewer payment methods than competitors.
2. Some customers complain about withdrawal delays.
3. Copy traders can only access customer support five days a week.
Bybit
Are you focused only on trading cryptocurrencies? Well, Bybit has got you covered. This exchange allows copy traders to trade over 70 futures contracts with high leverage of up to 100x. Furthermore, there are no hidden charges on Bybit. The taker and maker fees are displayed on the platform for everyone to see.
Regarding customer support, Bybit attends to users’ issues throughout the week. In addition, copy traders can use their profits to pay for online shopping using Bybit’s crypto debit card.
Pros and Cons
Pros
1. Bybit facilitates instant deposits and withdrawals.
2. Customers can use their cryptocurrencies in real-life use cases without converting them to fiat, thanks to crypto debit cards.
3. Copy traders get support 24/7.
4. Bybit integrates with TradingView to give Master Traders access to a wide pool of analytical tools.
5. You can begin your copy trading journey with just $5.
Cons
1. The terminologies used in the futures market can make copy trading of futures contracts complicated for newbies.
AvaTrade
Founded in Ireland, AvaTrade is a well-known brokerage firm with a presence in over 15 nations, including Poland. On its website, the broker claims to process over 2.5 million trades monthly, copied trades included.
AvaTrade ensures Polish copy traders feel safe on its platform by acquiring several licenses from reputable regulators. As of July 2024, the brokerage firm is overseen by the Japanese FCA Cyprus’ SEC, South Africa’s FSCA, and the Abu Dhabi Financial Service Regulatory Authority.
Pros and Cons
Pros
1. AvaTrade lets users copy trade assets from various classes.
2. It’s a regulated broker.
3. Users can access AvaTrade’s copy trading platform from their mobile phones.
Cons
1. Some copy traders may find Avatrade’s user interface complex.