AvaTrade Poland closure set as Managing Director Departs

AvaTrade Poland closure is set to proceed almost six years after the branch office opened, the broker's Managing Director of Polish operations, Patryk Schulmeister, confirmed. Schulmeister also announced his separation from the company.

In a LinkedIn post, Schulmeister said: "I have decided to move on, and the Polish branch of AvaTrade will also be closing its doors."

AvaTrade opened its Polish office in mid-2020 to offer a localised trading experience to clients in the country. Schulmeister confirmed that the broker will not abandon its Polish clients and partners, and will continue to support them under AvaTrade's international operations, though he did not specify which entity.

AvaTrade Poland closure follows branch decision

AvaTrade holds regulatory authorisation in Cyprus and a licence from the Central Bank of Ireland. The broker is also regulated in Australia, Japan, and the British Virgin Islands, among other regions. Founded in 2006 and headquartered in Ireland, AvaTrade expanded beyond forex and contracts for difference (CFD) offerings with the launch of a futures trading platform in 2024.