Alior Trader offers access to Forex, CFDs, Futures, and Options with leverage options of up to 1:30. The broker provides free trading accounts in PLN, USD, and EUR currencies.
It offers a 7.3% annual interest to clients who make a minimum deposit of PLN 4,000 on investment funds.
Alior Trader; An Introduction to the Broker and Its Regulatory Status
Alior Bank SA Brokerage House is an organizationally separate unit within the structures of Alior Bank SA, operating under the brand name Alior Trader.
Alior Bank SA, established in 2008, is a universal bank based in Poland. Since 2015, it has operated as a subsidiary of the insurance company PZU SA.
As of the end of 2019, Alior Bank ranked among Poland's ten largest banking groups, employing over8,143 people.
The bank offers trading services on global markets through Alior Trader with the following key features:
- Licensed by the Polish Financial Supervision Authority (KNF)
- Protection under the Poland Bank Guarantee Fund (BFG) scheme
- Low or negative spreads
- 24/5 support
- Over 4.5 million customers (Alior Bank user base)
Alior Trader Table of Specifications
The Forex broker was ranked 2nd in the Best Brokerage Accounts 2024 list by Puls Biznesu magazine. Here's a comprehensive table of Alior Trader specifications:
Broker | Alior Trader |
Account Types | Real, Demo |
Regulating Authorities | KNF |
Based Currencies | EUR, USD, PLN |
Minimum Deposit | $0 |
Deposit Methods | Bank Transfers |
Withdrawal Methods | Bank Transfers |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:30 |
Investment Options | Investment Consultant, Funds |
Trading Platforms & Apps | Alior 4 Trader |
Markets | Forex, Stocks, Indices, Commodities, Bonds, ETFs, Derivatives |
Spread | Low or negative |
Commission | Equities 0.29% Forex PLN 2.25 |
Orders Execution | Market |
Margin Call / Stop Out | N/A |
Trading Features | Mobile Trading, Futures, Options, Investment Funds |
Affiliate Program | Yes |
Bonus & Promotions | Yes |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Call Center, Ticket |
Customer Support Hours | 24/5 |
Alior Trader Account Types
In this Alior Trader review, we must mention that the broker provides a demo account with virtual funds of PLN 100,000 and access to real prices. It also offers a Real account with the following characteristics:
- Minimum Deposit: $0
- Base Currency: PLN, USD, EUR
- Account Opening Fee: $0
- Maximum Leverage: Up to 30
Alior Trader Broker Pros and Cons
The company offers low transaction fees and Stocks from 8 European and 2 American stock exchanges.
Let's break down the advantages and disadvantages of trading with Alior Trader:
Pros | Cons |
Regulated by KNF | No support for MT5 or TradingView |
No minimum deposit requirements | Maximum leverage capped at 1:30 |
ECN execution models | Lack of extensive educational resources |
Backed by a major Polish bank | Geo-restrictions |
Alior Trader Registration and Verification
To open an account with the broker, you must have an account with Alior Bank. After signing up with Alior Bank, you can use the company’s online banking software following these steps:
- Log in to your online banking account;
- Navigate to “Forex” from the “Investments” menu through “Offers”;
- Submit your application.
Alior Trader App and Platforms
The broker has recently upgraded its trading infrastructure with the launch of Alior 4 Trader. The platform offers access to advanced tools, detailed statistics, and a wide range of instruments.
The application also comes in PC and Web versions.
Alior Trader Trading and Non-Trading Fees
The broker offers low or negative spreads. Trading commissions vary based on the instrument, including:
- Equities: 0.29% (minimum of PLN 3)
- Forex: PLN 2.25 per lot
Payment Methods
To deposit or withdraw funds from Alior Trader accounts, you can use the bank’s branches or wire transfers. Note that the broker implements no minimum deposit requirements.
While the low minimum deposit is attractive, the limited payment options are among the top disadvantages in this Alior Trader review.
Does Alior Trader Offer Investment or Growth Plans?
While the broker doesn’t offer copy trading services, it provides investment advice and features funds from 12 major financial groups, including:
- Alior TFI
- BlackRock
- Franklin Templeton
- Goldman Sachs Investment Fund
- Ipopema TFI
- Quercus TFI
- Allianz Polska TFI
- Fidelity International
- Generali Investments
- Investors TFI
- TFI PZU
- Schroders
Alior Trader Products
The broker offers access to over 70 CFDs on currency pairs, indices, and cryptocurrencies, in addition to global stock exchanges.
- Forex: Major, minor, and exotic currency pairs
- Stocks: Polish and international shares
- Indices: CFDs on Major global stock indices
- Commodities: Metals, energies, and agricultural products
- Bonds: Government and corporate bonds
- ETFs: Exchange-traded funds
- Derivatives: Futures and Options based on shares, stock indices, and currencies
Alior Trader Promotional Offerings
The broker maintains a relatively conservative approach to promotional offerings. It features a Loyalty program dedicated to stock account holders, in partnership with multiple companies, including Unimot, Orlen, and PZU.
The company also offers special promotions on its investment funds, including:
- Alior TFI: 0 fees
- BlackRock: 25% off
- Ipopema TFI: 25% off
- Quercus TFI: 25% off
Alior Trader rewards clients’ deposits (minimum: PLN 4,000) on investment funds with an additional 7.3% annual interest rate. The promotion is available until June 30, 2025.
Support Channels
The broker provides 24/5 support through a hotline and a ticket system. However, the lack of a live chat feature is a serious letdown in this Alior Trader review.
- Hotline: +48 19 503
- Ticket: Through the official website
Alior Trader Geo-Restrictions
Alior Trader, operated by Alior Bank SA, is a regulated trading platform under the supervision of the Polish Financial Supervision Authority (KNF). While it primarily serves clients in Poland and the European Economic Area (EEA), certain restrictions apply to specific regions, including:
- United States
- Iran
- North Korea
- Yemen
- Syria
- Specific regions in Ukraine (e.g., Donetsk, Luhansk, Kherson, Zaporozhye, and Crimea)
Note that the list of geo-restrictions may be subject to change. So, make sure to check your country's eligibility with the broker’s support team.
Client Satisfaction
While there are a few Alior Trader reviews on reputable platforms, the broker’s mother company, Alior Bank SA, has received numerous negative comments on Trustpilot.
There are 238 ratings on the Alior Bank SA Trustpilot profile, resulting in a bad score of 1.5 out of 5.
Educational Resources
While Alior Trader's educational offerings are not as extensive as some competitors, they do provide some resources for traders:
- Market analysis: Regular updates on market conditions
- Trading guides: Basic information on various trading instruments
For more comprehensive educational content, you can check TradingFinder’s Forex education section.
Conclusion and Final Words
Alior Trader provides access to Stocks from 8 European and 2 American stock exchanges and over 70 CFDs.
It has a low score of 1.5 out of 5 on Trustpilot. The broker doesn’t accept clients from the United States.