Polish Regulator KNF Issues Warning Against Dublin-Based AvaTrade


AvaTrade has acknowledged the addition of its name to the KNF warning list and will provide further details after an initial investigation.

The Polish Financial Supervision Authority (KNF) has recently added a few financial services firms to its warning list that include a forex and CFDs broker, AvaTrade.

The Polish financial regulator has added Dublin-based AVA Trade EU Limited, as well as the Polish branch of the broker, to the long list of locally red-flagged companies.

Does AvaTrade need a KNF license to operate in Poland?

To justify its decision, the KNF cited that the ‘entity is not registered in Poland’, thus it cannot offer services to Polish clients. In addition, the warning specified that the broker is providing its services through the domain avatrade.com.

AvaTrade has acknowledged the addition of its name to the KNF warning list and will provide further details after an initial investigation.

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AvaTrade is headquartered in Dublin, Ireland, and has obtained its license from the Central Bank of Ireland to run its European operation. The broker passports its Irish license to run its operations across the European Economic Area (EEA). That means, it normally does not require a local license from the KNF to offer services to Polish clients.

Outside Ireland, the broker is regulated in Australia, Abu Dhabi, Japan, and the British Virgin Islands.

Read also: AvaTrade Signs Usain Bolt As Official Brand Ambassador

The warning list of Polish watchdog includes names of more than 400 big and small financial service providers. Along with AvaTrade, the KNF added names of five other platforms in the list: Marketbull, Viamarketsgo, Royal-Trades, Bulls&Bears Trades and Greenfield Investment.

Almost all of the reputed regulators across the globe are now actively monitoring the financial services industry and flagging companies for violations. Most of the warnings go against shady and unregulated platforms, and some regulators even block access to the domains of these platforms at the network level.

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