Regulator profile · PL
KNF — Polish Financial Supervision Authority
Tracked byBrokerlist Editorial · Independent review teamUpdated
The Komisja Nadzoru Finansowego (KNF) is the Polish Financial Supervision Authority — an integrated regulator overseeing banking, capital markets, insurance and pensions. KNF supervises licensed investment firms and enforces MiFID II/MiFIR rules for retail forex and CFD providers in Poland. NBP (Narodowy Bank Polski) handles central banking and monetary policy separately.
Brokers in Poland accepting residents under KNF- Jurisdiction
- Republic of Poland.
- Founded
- 2006
- Mandate
- Established under the Act on Financial Markets Supervision of 21 July 2006, consolidating banking, insurance, pension and securities supervisors. KNF enforces the Trading in Financial Instruments Act (2005, revised), MiFID II via national implementation, and acts under ESMA technical standards for cross-border consistency.
- Consumer protection
- Bank Guarantee Fund (BFG) covers deposits up to €100,000 PLN-equivalent per depositor. Investor Compensation System (System Rekompensat) covers securities up to €22,400 (~PLN 100,000) for losses from licensed-firm insolvency. Negative balance protection is mandatory for retail CFD clients under MiFID II.
- Retail leverage caps
- ESMA-aligned: 1:30 on major FX pairs, 1:20 on minors and gold, 1:10 on commodities and major indices, 1:5 on individual equities, 1:2 on crypto CFDs. KNF enforces these via the Polish implementation of ESMA's permanent product-intervention measures; binary options for retail are permanently prohibited.
- Public register
- KNF maintains separate lists of authorised investment firms, banks, insurers, pension funds and other regulated entities. Search by firm name or license type; cross-reference NBP credit-institution registers for banking-side authorisation details. Open register ↗
- Dispute resolution
- The Polish Financial Ombudsman (Rzecznik Finansowy) handles consumer financial-services disputes. Mediation is non-binding but firms typically comply; for binding outcomes, escalate to civil courts. KNF can additionally issue administrative penalties.
- Editor notes
- Poland has an active retail FX/CFD market — XTB (Polish-headquartered, dual-regulated KNF + FCA + CySEC) is among the largest European retail brokers. Other notable KNF-supervised firms include TMS Brokers, Dom Maklerski Banku BPS, and mBank's investment arm. International brokers serving Polish residents often use CySEC EU passports rather than direct KNF authorisation.
Brokers we track with a KNF licence
No brokersNo tracked broker currently holds a KNF licence in our database.