Is JustMarkets Legal in Poland? A Comprehensive Review

Yes, JustMarkets is legal to use in Poland, but with some important considerations. While the platform itself is not regulated directly by Polish financial authorities like the KNF (Komisja Nadzoru Finansowego), it is operated by a company licensed offshore, and Polish residents are legally allowed to trade with such brokers—as long as the broker complies with EU consumer protection laws and financial conduct standards. This article breaks down the legal framework, potential risks, and practical considerations for Polish residents who want to trade with JustMarkets, helping you make an informed decision.

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1. What Is JustMarkets?

JustMarkets is a global online forex and CFD broker offering access to financial instruments like currencies, commodities, indices, and cryptocurrencies. It is operated by Just Global Markets Ltd., which is registered and regulated by the Financial Services Authority (FSA) of Seychelles.

It is important to note that Seychelles is an offshore jurisdiction, and while it provides basic regulatory oversight, it does not offer the same level of investor protection as European Union regulators. However, this does not automatically make the broker illegal in countries like Poland.

2. How Does Polish Law View Offshore Forex Brokers?

In Poland, financial markets are regulated by the KNF (Polish Financial Supervision Authority). All investment firms offering services to Polish citizens are expected to comply with Polish and EU laws. The key point is that offshore brokers are not prohibited, but they are not recognized or supervised by the KNF.

This means:

·         Polish residents can legally open and operate accounts with JustMarkets.

·         However, JustMarkets does not have a KNF license, so the Polish regulator does not guarantee any investor protection.

·         Tax obligations remain – Polish traders are responsible for declaring profits and paying capital gains taxes accordingly.

In summary, trading with JustMarkets from Poland is not illegal, but you do so at your own risk due to limited regulatory protection.

3. Is JustMarkets Regulated?

Yes, JustMarkets is regulated—but not by any EU authority. It is overseen by:

·         FSA Seychelles (license number SD088) – This is a common jurisdiction for many international forex brokers. While the regulation exists, it is not as stringent or consumer-focused as European regulations.

Because Poland is part of the European Union, financial firms operating legally within its borders typically hold a license from one of the EU member states, which enables passporting rights—the ability to legally operate across the EU. JustMarkets does not currently hold such a license, which means it operates from outside the EU and is not bound by MiFID II (Markets in Financial Instruments Directive).

4. Can Polish Residents Trade with JustMarkets?

Yes, Polish residents can legally register and trade on the JustMarkets platform. The company accepts clients from Poland and provides a localized website version, often with Polish-language support and PLN as a currency option.

However, users should be aware of the following:

·         You will not be protected by the Polish Investor Compensation Scheme.

·         If disputes arise, you cannot escalate them through Polish or EU financial dispute systems.

·         You must report and pay taxes on your own—JustMarkets does not report to Polish tax authorities.

Still, thousands of Polish traders use offshore brokers like JustMarkets because of higher leverage, bonus offers, and broader instrument access, which are often restricted under EU regulation.

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5. Is It Safe to Use JustMarkets in Poland?

“Legal” and “safe” are two different things.

Safety Pros:

·         JustMarkets has been operating since 2012.

·         Offers segregated client accounts, basic AML/KYC compliance, and negative balance protection in some cases.

·         Has received positive reviews from traders across various regions.

·         Offers two-factor authentication (2FA) for account protection.

Safety Cons:

·         Not regulated by any top-tier authority (like the FCA, CySEC, or KNF).

·         Disputes cannot be resolved through local legal mechanisms.

·         Limited transparency about company structure and client fund protection.

So while many traders in Poland use JustMarkets safely, you must do your due diligence. It’s best suited for experienced traders who understand the risks and want features that EU brokers don’t offer.

6. Tax Implications for Polish Traders

Even if the platform is not registered in Poland, you are still responsible for declaring and paying taxes on any profits.

Here's what you should know:

·         Poland taxes capital gains on trading profits at a flat rate of 19%.

·         Income from foreign brokers (like JustMarkets) must be declared annually in your PIT-38 form.

·         JustMarkets may not issue a PIT statement, so you’ll need to track your own profits and losses.

Not declaring such income may lead to penalties, interest charges, or tax audits, so be proactive in staying compliant with Polish tax law.

7. JustMarkets vs Polish-Regulated Brokers

If you're deciding between JustMarkets and brokers regulated by the KNF or EU authorities, here’s how they compare:

JustMarkets:

·         ✅ High leverage (up to 1:3000)

·         ✅ Cryptocurrency trading available

·         ✅ Welcome bonuses and promos

·         ❌ No KNF license

·         ❌ No EU investor protection

Polish/EU Brokers (e.g., XTB, eToro, DEGIRO):

·         ✅ Full EU regulatory oversight (MiFID II)

·         ✅ Compensation schemes for client funds

·         ✅ Easier tax compliance

·         ❌ Lower leverage (max 1:30 for retail traders)

·         ❌ Fewer bonus offers or promotions

For conservative investors, KNF-regulated brokers may be safer. For high-risk, high-reward traders, JustMarkets might be more appealing.

8. How to Trade Safely with JustMarkets in Poland

If you decide to proceed, follow these tips:

1.      Start with a demo account – Understand the platform, spreads, and order execution before risking money.

2.      Use risk management tools – Always trade with stop-loss, take-profit, and proper position sizing.

3.      Withdraw profits regularly – Don’t leave large sums sitting in offshore accounts.

4.      Maintain trading records – For tax purposes and in case of dispute.

5.      Use strong passwords and 2FA – Secure your account from unauthorized access.

And always keep your expectations realistic. No broker guarantees profits.

9. What Do Polish Traders Say?

Online trading forums in Poland show mixed feedback:

·         Positive mentions include fast withdrawals, high leverage, and flexible account types.

·         Criticisms typically mention lack of regulation, unclear bonus terms, and higher spreads on certain instruments.

It’s worth reading forums like Comparic.pl or ForexClub.pl to see community feedback, but keep in mind that experiences can vary significantly depending on how the platform is used.

Conclusion: Is JustMarkets Legal in Poland?

Yes, JustMarkets is legal to use in Poland, but it operates under an offshore license and is not regulated by Polish or EU authorities. This means Polish residents can open an account and trade, but they do so without the protection of KNF oversight or EU compensation schemes.

For advanced traders looking for high leverage, flexible trading conditions, and wider asset classes, JustMarkets offers competitive features. However, beginners or conservative investors should approach with caution and consider regulated alternatives for peace of mind.

 ✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈

Read more:

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• When was JustMarkets established?

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