Ranking 01 / Brokers

Broker ranking 2026

Ten brokers who really serve a retail client from Poland — supervised by the KNF (Polish Financial Supervision Authority) or operating under an EU passport. We do not compare “trading platforms”, only institutions: who holds a licence, who is the counterparty to your transaction, where your assets end up and how much you pay for inactivity.

The distinction that changes everything is the execution model. In the real model you buy the instrument to own it and the order goes to the market. In the CFD model you enter a contract for difference with the broker, who earns on the spread and is the counterparty to the transaction. The ranking shows both — and does not pretend they are the same service.

Entries: 10
Criteria: 6
Research date: 10 September 2026

Summary table

Comparison data for ten brokers. The full write-up, the list of catches and the sources are in the cards below.

Scroll horizontally to see every column →

Comparison data for ten brokers. The full write-up, the list of catches and the sources are in the cards below.
#	Name	Model	Regulator	Protection	Min. deposit	Typical cost	PL support	Score
01	XTB Visit (opens in a new tab)	Real shares and ETFs + CFDs	KNF (XTB S.A., Poland)	KDPW compensation scheme — up to EUR 20,100	None (a share transaction from 10 zł — Polish złoty)	0% up to EUR 100,000 of turnover a month, then 0.2% (min. EUR 10)	Full: website, app, support, IKE/IKZE	91
02	Interactive Brokers Visit (opens in a new tab)	A real agency broker + CFDs	Central Bank of Ireland (MiFID)	Irish ICS — cover limit: not verified	None	US shares from USD 0.0035 per share; GPW 0.05% (min. 5 zł)	No PL version; no IKE/IKZE	84
03	Trading 212 Visit (opens in a new tab)	Real shares and ETFs + separate CFDs	CySEC 398/21 (Markets Ltd.)	ICF EUR 20,000 / EdW EUR 20,000	EUR 1 (materials for the Invest account)	Invest 0% commission, 0.15% currency conversion	A PL website; help centre in EN/DE only	82
04	eToro Visit (opens in a new tab)	Real assets + a CFD mode	CySEC 109/10 and a MiCA licence	Cyprus ICF — up to EUR 20,000	First deposit: not verified; subsequent USD 50	Shares USD 1-2 to open and to close; ETF 0	A full PL version and a Polish help centre	78
05	DEGIRO Visit (opens in a new tab)	A real execution broker (no CFDs)	BaFin, and AFM and DNB (branch)	Deposits EUR 100,000; instruments 90%, max. EUR 20,000	Not verified (opening an account is free)	GPW 1.00 zł + 10 zł; USA EUR 1.00 + EUR 1	A full PL version, klienci@degiro.pl	76
06	Saxo Bank Visit (opens in a new tab)	A bank-broker + a CFD segment	The Danish FSA; SIFI status since 2023	Deposits EUR 100,000; securities up to EUR 20,000	None in most countries; for PL not verified	US shares from USD 1; currency conversion max. 0.25%	A full PL version and a Polish help centre	74
07	DM BOŚ (Bossa) Visit (opens in a new tab)	A real brokerage + bossaFX (CFDs)	KNF (a licence since 18 August 1994)	The KDPW compensation scheme	Not verified (a first verification transfer)	GPW shares 0.38% (min. 5 zł); day trading 0.15%	A helpline on 801 104 104, branch offices, IKE/IKZE	71
08	Freedom24 Visit (opens in a new tab)	A real execution broker	CySEC CIF 275/15	Cyprus ICF — up to EUR 20,000	Not verified	The Smart plan USD/EUR 0.02 per share; withdrawal EUR 7	A PL website and PL tariffs; the app and the helpline: not verified	66
09	mBank eMakler Visit (opens in a new tab)	The bank’s real stock-exchange broker	KNF (mBank S.A.)	The KDPW compensation scheme — up to EUR 22,000 of the base	Any amount	PL shares and ETFs 0.39% (min. 5 zł); foreign 0.29%	Full PL, the mBank Giełda app, IKE/IKZE	64
10	Plus500 Visit (opens in a new tab)	CFDs only, a market maker	CySEC 250/14; the entity for PL is uncertain	Segregated funds; the ICF as a CIF — the amount is not verified	Depends on the payment method; the amount is not verified	No commission; a EUR/USD spread of about 2 pips; conversion up to 0.7%	A PL website and a Polish FAQ; the PL phone line: not verified	54

Methodology — how the order was produced

Six criteria, 100 points, zero bought places

The order is not a subjective “top 10”. Every entry scores against the same criteria and the result is public — you can disagree with it and score it your own way, but you can see what it was built on.

01 Regulation and investor protection: 25 pts; The licence and the register (KNF, that is the Polish Financial Supervision Authority, plus CySEC, BaFin and CBI), participation in a compensation scheme, the protection limit and the transparency of the entity serving a client from Poland.
02 Product range and execution model: 20 pts; Access to real shares, ETFs, bonds and futures versus CFDs only. A CFD-only broker takes a points penalty — you do not own the shares there.
03 Costs and transparency of the price list: 20 pts; Commissions, the spread, the inactivity fee, the cost of a withdrawal and of a currency conversion. Separately, we assess whether the price list is public and unambiguous.
04 Polish-language support: 15 pts; A Polish website, a Polish help centre, a Polish app, customer support, and the availability of IKE and IKZE (the Polish retirement accounts).
05 Platform and execution: 10 pts; A web and mobile platform, account modes, a demo account, and the order execution model — agency versus OTC, where the broker is the counterparty to the transaction.
06 Education: 10 pts; Educational materials, webinars, analyses and a knowledge base in Polish.

Full cards — from first to tenth place

Each card carries the score against six criteria, the comparison data, the strengths and a list of things to watch out for. The “what we could not confirm” section matters as much as the rest — it shows where our knowledge ends.

01 Top score

XTB

XTB S.A., Warsaw (KRS 0000217580)

A Polish brokerage with real shares and ETFs, full Polish-language support and IKE and IKZE — the broadest combination of availability and protection for a client from Poland.

Total score

91/100

Visit

Comparison data

Model: Real shares and ETFs + CFDs
Regulator: KNF (XTB S.A., Poland)
Protection: KDPW compensation scheme — up to EUR 20,100
Min. deposit: None (a share transaction from 10 zł — Polish złoty)
Typical cost: 0% up to EUR 100,000 of turnover a month, then 0.2% (min. EUR 10)
PL support: Full: website, app, support, IKE/IKZE

Strengths

A client from Poland is served by a Polish company under KNF supervision, not by a foreign entity operating on a passport.
Real shares (over 7,400 companies, including the GPW (Warsaw Stock Exchange) and the USA) and real ETFs alongside a separate CFD offer.
IKE, IKZE and Investment Plans — retirement accounts you will not find at most foreign brokers.
Daily webinars and educational materials in Polish; a demo account is available.
Protection in the KDPW Compensation Scheme: 100% up to EUR 3,000 and 90% of the excess, up to a maximum of EUR 20,100.

What to watch out for

An inactivity fee of EUR 10 a month if you have not traded for 365 days, have not deposited for 90 days and hold no open position.
Currency conversion of 0.5% on business days and 0.8% at weekends — with many transactions in USD that is a real cost.
A card deposit costs 0.66% in PLN, 0.70% in EUR and 0.95% in USD.
A KNF fine of 9,900,000 zł from 2018 (upheld by the NSA in 2023) concerned the way products were presented — it has not disappeared from the register.
The broker’s own warning: 77% of retail CFD accounts make a loss.

Detailed score

91/100

Top score

Regulation and protection 24/25
Products and model 18/20
Costs 16/20
PL support 15/15
Platform 9/10
Education 9/10

Best for

Someone starting out from Poland: they want real shares and ETFs, Polish-language support, a retirement account and KNF supervision in one place.

Sources

Verified: 10 September 2026

↑ Summary

02 Very high score

Interactive Brokers

Interactive Brokers Ireland Limited (IBIE), Dublin (CRO 657406)

The broadest access to real instruments and the best execution, but with no Polish version of the site and no IKE or IKZE — a tool for someone who already knows what they are looking for.

Total score

84/100

Visit

Comparison data

Model: A real agency broker + CFDs
Regulator: Central Bank of Ireland (MiFID)
Protection: Irish ICS — cover limit: not verified
Min. deposit: None
Typical cost: US shares from USD 0.0035 per share; GPW 0.05% (min. 5 zł)
PL support: No PL version; no IKE/IKZE

Strengths

Shares, ETFs, options, futures, bonds, funds, spot FX and crypto in one account.
An agency model with IB SmartRouting — orders go to the market and commissions are broken down into exchange fees.
It accepts retail clients with no minimum deposit, and a demo account (Paper Trading) starts with USD 1,000,000.
GPW costs on the tiered schedule: 0.05%, a minimum of 5 zł and a maximum of 125 zł.

What to watch out for

No Polish version of the site and no confirmed Polish-language support.
No IKE and no IKZE — you cannot build a Polish retirement plan here.
The cover limit of the Irish Investor Compensation Scheme is not stated directly in the IBIE documents.
Crypto and the proceeds of selling it are not covered by the ICS, and client assets are held in omnibus accounts.
US ETFs without a KID are not available as real assets to a retail client from the EEA — only as CFDs.
The broker’s warning: 57.9% of retail CFD accounts make a loss.

Detailed score

84/100

Very high score

Regulation and protection 22/25
Products and model 20/20
Costs 17/20
PL support 6/15
Platform 10/10
Education 9/10

Best for

An experienced investor who needs options, futures and global markets, and for whom an English interface is not a barrier.

Sources

Verified: 10 September 2026

↑ Summary

03 Very high score

Trading 212

Trading 212 Markets Ltd., Cyprus (CySEC 398/21)

Zero commission and the best app in the comparison with a low entry threshold, but with an uncertain entity serving a client from Poland and a help centre with no Polish.

Total score

82/100

Visit

Comparison data

Model: Real shares and ETFs + separate CFDs
Regulator: CySEC 398/21 (Markets Ltd.)
Protection: ICF EUR 20,000 / EdW EUR 20,000
Min. deposit: EUR 1 (materials for the Invest account)
Typical cost: Invest 0% commission, 0.15% currency conversion
PL support: A PL website; help centre in EN/DE only

Strengths

The Invest account gives you real shares and ETFs, including fractional ones, with no commission — the only standing cost is 0.15% for currency conversion.
The CFD account is a separate product, so you do not buy a CFD by accident while looking for shares.
Entry from EUR 1, no account fee and no inactivity fee.
A demo account with USD 50,000 and one of the best-rated mobile apps on the market.

What to watch out for

Which entity of the group serves a client from Poland was not confirmed in the materials — and that decides the compensation scheme.
A Polish help centre does not exist: only the en-us and de-de locales are available, so PL support is uncertain.
No IKE and no IKZE.
On 10 August 2026 BaFin published a warning about the sites 212trading.online and 212trading.pro impersonating Trading 212 EU GmbH.
The broker’s warning: 77% of retail CFD accounts make a loss.
Card deposits above GBP/EUR 2,000 cost 0.7%.

Detailed score

82/100

Very high score

Regulation and protection 21/25
Products and model 17/20
Costs 18/20
PL support 9/15
Platform 9/10
Education 8/10

Best for

A beginner who wants to buy real shares and ETFs without commission, has little capital and accepts English-language help.

What we could not confirm

The group entity serving a client from Poland
Crypto availability for clients from Poland
The compensation scheme applicable to a client from Poland

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

04 Very high score

eToro

eToro (Europe) Ltd, Cyprus (CySEC 109/10)

The simplest way into real shares and ETFs with full Polish-language support, but at the cost of high per-position fees and misleading regulator badges from the American entity.

Total score

78/100

Visit

Comparison data

Model: Real assets + a CFD mode
Regulator: CySEC 109/10 and a MiCA licence
Protection: Cyprus ICF — up to EUR 20,000
Min. deposit: First deposit: not verified; subsequent USD 50
Typical cost: Shares USD 1-2 to open and to close; ETF 0
PL support: A full PL version and a Polish help centre

Strengths

A full Polish version of the site and a Polish help centre — the best language service among the foreign brokers in this comparison.
Real shares and ETFs in a mode without leverage; CFDs are a separate mode for short selling and gearing.
No inactivity fee and no account fee.
Protection in the Cypriot Investor Compensation Fund up to EUR 20,000.

What to watch out for

A commission of USD 1-2 charged separately on opening and on closing a position — on small transactions it eats the profit.
The FINRA, SEC, FDIC and SIPC badges shown on the Polish site describe the American entity and say nothing about the protection of a client from Poland.
Crypto is not covered by the ICF compensation scheme.
The minimum subsequent deposit is USD 50, a bank transfer a minimum of USD 500, and the minimum withdrawal USD 30.
Currency conversion depends on your location and eToro Club tier — the rate for Poland was not confirmed.
No IKE and no IKZE.

Detailed score

78/100

Very high score

Regulation and protection 20/25
Products and model 16/20
Costs 14/20
PL support 12/15
Platform 9/10
Education 7/10

Best for

Someone who wants to buy real shares and ETFs in a simple interface, in Polish, and does not intend to trade often.

What we could not confirm

The minimum first deposit
The currency conversion rate for a client from Poland

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

05 Very high score

DEGIRO

flatexDEGIRO Bank Dutch Branch (flatexDEGIRO Bank SE)

The most transparent price list and a real execution model without CFDs, but with no demo account, no crypto and a GPW more expensive than at the Polish brokers.

Total score

76/100

Visit

Comparison data

Model: A real execution broker (no CFDs)
Regulator: BaFin, and AFM and DNB (branch)
Protection: Deposits EUR 100,000; instruments 90%, max. EUR 20,000
Min. deposit: Not verified (opening an account is free)
Typical cost: GPW 1.00 zł + 10 zł; USA EUR 1.00 + EUR 1
PL support: A full PL version, klienci@degiro.pl

Strengths

Two levels of protection: deposits up to EUR 100,000 and instruments up to 90%, with a maximum of EUR 20,000.
Assets are held in a separate special-purpose company, and the client remains the owner of the investment.
No inactivity fee and no custody fee; deposits and withdrawals are free.
ETFs from the Core Selection cost you EUR 0 + EUR 1 in costs.
There is no CFD section in the price list for Poland — the broker earns on commission, not on your loss.

What to watch out for

No demo account — you cannot test the platform without a deposit.
No direct access to crypto; there are only ETP trackers.
The GPW costs 1.00 zł + 10 zł, which is dearer than at the KNF-supervised brokers on small orders.
The geared products are BNP Paribas and Société Générale OTC warrants, not CFDs.
The currency conversion rate was not confirmed in the Polish materials.
A forced close-out of a position costs EUR 50 plus 0.50% (max. EUR 500).

Detailed score

76/100

Very high score

Regulation and protection 22/25
Products and model 16/20
Costs 15/20
PL support 11/15
Platform 7/10
Education 5/10

Best for

A long-term investor buying ETFs and foreign shares, for whom a clear price list and no temptation of leverage matter.

What we could not confirm

The minimum deposit
The currency conversion rate
Forex availability

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

06 High score

Saxo Bank

Saxo Bank A/S, Denmark (banking licence no. 1149)

A bank-broker with an enormous range of markets and full Polish service, but a high entry threshold for quality and no confirmation of the contracting entity for a client from Poland.

Total score

74/100

Visit

Comparison data

Model: A bank-broker + a CFD segment
Regulator: The Danish FSA; SIFI status since 2023
Protection: Deposits EUR 100,000; securities up to EUR 20,000
Min. deposit: None in most countries; for PL not verified
Typical cost: US shares from USD 1; currency conversion max. 0.25%
PL support: A full PL version and a Polish help centre

Strengths

Over 23,000 shares from 50 exchanges, over 2,100 ETFs and over 5,200 bonds — the broadest offer in the comparison.
A banking licence and systemically important institution status: deposits protected up to EUR 100,000.
No account, custody or inactivity fees, and a maximum of 0.25% for currency conversion.
A full Polish version of the site, the platforms and the help centre; a demo account is available.

What to watch out for

The entity with which a client from Poland signs the contract was not confirmed in the available materials.
Adding an instrument outside the standard offer costs USD 200.
The Saxo Ask debit rate plus 8% (Classic), 7% (Platinum) and 6% (VIP) — expensive financing.
GPW availability was not confirmed.
No IKE and no IKZE.
Withdrawal costs were not confirmed in the Polish price list.

Detailed score

74/100

High score

Regulation and protection 22/25
Products and model 18/20
Costs 12/20
PL support 11/15
Platform 7/10
Education 4/10

Best for

A wealthier investor who needs bonds, listed options and exotic markets rather than a Polish retirement account.

What we could not confirm

The contracting entity for a client from Poland
The minimum deposit for Poland
GPW availability
The withdrawal fee

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

07 High score

DM BOŚ (Bossa)

Dom Maklerski Banku Ochrony Środowiska S.A., Warsaw (KRS 0000048901)

The oldest Polish brokerage, with real GPW access, IKE and IKZE and branch offices, but its 0.38% commission and fee packages are dearer than the online competition.

Total score

71/100

Visit

Comparison data

Model: A real brokerage + bossaFX (CFDs)
Regulator: KNF (a licence since 18 August 1994)
Protection: The KDPW compensation scheme
Min. deposit: Not verified (a first verification transfer)
Typical cost: GPW shares 0.38% (min. 5 zł); day trading 0.15%
PL support: A helpline on 801 104 104, branch offices, IKE/IKZE

Strengths

A brokerage licence since 1994 and KNF supervision — a real securities account, with settlement in KDPW.
IKE, IKZE and amIKE available straight away, together with a foreign account and futures.
No account fee, a helpline and physical branches, and the Bossa.pl platform with a long history.
Withdrawals above 500 zł are free.

What to watch out for

A commission of 0.38% with a minimum of 5 zł is today one of the higher costs on the GPW; day trading at 0.15% only within packages.
The Zielony packages cost from 10 to 329 zł a month and settle against turnover thresholds you have to watch.
A demo account is available for bossaFX; for the brokerage part it was not confirmed.
A KNF fine of 100 thousand zł published on 20 November 2019.
bossaFX warning: 68% of retail CFD accounts make a loss.
The markup on currency conversion (the BOŚ bank rate) was not confirmed.

Detailed score

71/100

High score

Regulation and protection 22/25
Products and model 16/20
Costs 11/20
PL support 13/15
Platform 4/10
Education 5/10

Best for

A GPW investor who values IKE and IKZE, service at a branch and a Polish helpline, and trades rarely enough that the commission does not dominate.

What we could not confirm

The minimum deposit
A demo account for the brokerage part
The currency conversion markup

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

08 High score

Freedom24

Freedom Finance Europe Ltd, Cyprus (CySEC 275/15)

Broad access to real shares and ETFs on many markets and strong ICF protection, but sparse Polish service and no data on the affiliate programme or deposits.

Total score

66/100

Visit

Comparison data

Model: A real execution broker
Regulator: CySEC CIF 275/15
Protection: Cyprus ICF — up to EUR 20,000
Min. deposit: Not verified
Typical cost: The Smart plan USD/EUR 0.02 per share; withdrawal EUR 7
PL support: A PL website and PL tariffs; the app and the helpline: not verified

Strengths

Real shares, ETFs, US stock options, bonds and futures — an execution model, not CFD-only.
Two tariff plans: All inclusive for infrequent trading and Smart for more frequent trading, with a low per-share rate.
Protection in the Cypriot Investor Compensation Fund up to EUR 20,000.
The controlling group is listed on Nasdaq, which imposes additional reporting.

What to watch out for

A flat EUR 7 withdrawal fee — on small amounts that is a high percentage cost.
A per-share fee model means the cost grows linearly with the number of shares, not with the value of the order.
A separate Polish app and helpline were not confirmed.
Not verified: a demo account, the inactivity fee, the currency conversion rate, and the availability of forex and CFDs.
No confirmed affiliate programme and no verified regulator fines were found.
No IKE and no IKZE.

Detailed score

66/100

High score

Regulation and protection 20/25
Products and model 16/20
Costs 12/20
PL support 8/15
Platform 6/10
Education 4/10

Best for

An investor looking for access to the US and Asian markets in a real-asset model, ready to accept withdrawal costs and English-language service.

What we could not confirm

The minimum deposit
A demo account
The inactivity fee
The currency conversion rate
The availability of forex and CFDs

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

09 Average score

mBank eMakler

mBank S.A. — Biuro Maklerskie, Warsaw (KRS 0000025237)

A convenient combination of a bank and a brokerage, with IKE and IKZE and any starting amount, but a 0.39% commission and a sparse platform compared with dedicated brokers.

Total score

64/100

Visit

Comparison data

Model: The bank’s real stock-exchange broker
Regulator: KNF (mBank S.A.)
Protection: The KDPW compensation scheme — up to EUR 22,000 of the base
Min. deposit: Any amount
Typical cost: PL shares and ETFs 0.39% (min. 5 zł); foreign 0.29%
PL support: Full PL, the mBank Giełda app, IKE/IKZE

Strengths

A brokerage account at the same bank as your personal account — no separate verification and no separate login.
IKE, IKZE and Prywatny Makler available straight away.
An account fee of 0 zł a year if you consent to electronic communication.
Start from any amount, with full Polish service and training.

What to watch out for

GPW shares and ETFs cost 0.39% with a minimum of 5 zł — dearer than at the online brokers.
A currency spread of about 0.2%, and a foreign custody fee of 0.15% a year above 1 million zł.
Quotes in the package of five offers cost 108.24 zł a month under the Tariff, although the website states 88.10 zł — a discrepancy in the official materials.
A KNF fine of 1,390,000 zł on mBank S.A. (Biuro Maklerskie), published on 9 October 2025, for anti-money-laundering breaches.
A demo account was not confirmed; the mInwestor platform is considerably sparser than dedicated terminals.
The withdrawal fee and the inactivity fee are not verified.

Detailed score

64/100

Average score

Regulation and protection 20/25
Products and model 14/20
Costs 11/20
PL support 13/15
Platform 2/10
Education 4/10

Best for

An mBank client who wants IKE or IKZE and GPW shares in one app, without moving money between institutions.

What we could not confirm

A demo account
The withdrawal fee
The inactivity fee
The KNF licence number

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

10 CFD-only Conditional score

Plus500

Plus500CY Ltd, Cyprus (CySEC 250/14); the entity for Poland: not verified

The most recognisable CFD broker in the comparison and deliberately last: you do not buy shares to own here, the broker is the counterparty to every transaction, and some of the data comes from an archive.

Total score

54/100

Visit

CFD-only: The broker does not offer real shares. Every position is a contract for difference with the broker as the counterparty.

Comparison data

Model: CFDs only, a market maker
Regulator: CySEC 250/14; the entity for PL is uncertain
Protection: Segregated funds; the ICF as a CIF — the amount is not verified
Min. deposit: Depends on the payment method; the amount is not verified
Typical cost: No commission; a EUR/USD spread of about 2 pips; conversion up to 0.7%
PL support: A PL website and a Polish FAQ; the PL phone line: not verified

Strengths

No commission — the revenue comes from the spread, which on large positions can be cheaper than a flat commission.
The Polish plus500.pl domain is approved by CySEC, and there is a Polish FAQ.
A demo account and a professional trading mode are available.
The ban on bonuses for retail clients is respected and confirmed in the broker’s materials.

What to watch out for

This is a CFD-only broker: you do not own the shares, you do not receive a dividend as an owner, and the broker earns on the bid/ask difference.
Which entity serves a client from Poland today was not established — archived materials pointed to Plus500EE AS of Estonia.
An inactivity fee of up to USD 10 a month after three months without logging in.
Currency conversion of up to 0.7% on every transaction in an account held in another currency.
The compensation-scheme cover amount and the minimum deposit: not verified.
Some of the data comes from the Wayback Machine archive, because the broker’s pages blocked automated fetching — it requires confirmation before publication.

Detailed score

54/100

Conditional score

Regulation and protection 16/25
Products and model 6/20
Costs 11/20
PL support 9/15
Platform 7/10
Education 5/10

Best for

An experienced trader only, who understands that they are placing a bet on a price difference with the broker as counterparty — not someone looking for their first shares.

What we could not confirm

The current entity serving clients from Poland
The minimum deposit
The compensation-scheme cover amount
The withdrawal fee and swap

We do not guess missing data. Check it at the source before you decide.

Sources

Verified: 10 September 2026

↑ Summary

Who is not in the ranking, and why

A ranking without an explanation of its gaps is incomplete. These three entities come up in Polish discussions about brokers, but they did not meet the entry criterion.

IG Group (IG Europe GmbH)

The broker states itself: “For regulatory reasons we are currently unable to open new accounts for people resident in Poland”. A multi-product model and a strong platform, but unavailable to a new client from Poland — hence outside the ranking. Existing clients carry on trading.

OANDA TMS Brokers S.A.

A real broker with a KNF licence (authorisation of 26 April 2004), offering real shares and ETFs alongside CFDs, but of a smaller retail scale than the entries in the top ten. Some rates were not confirmed, because the product pages did not return content when fetched.

Revolut (Revolut Securities Europe UAB)

A very popular app and real fractional shares at 0.10% commission above the plan limit, but it is first and foremost a bank and a neobank, not a broker with a full offer: no IKE and no IKZE, no CFDs, and the limit of the Lithuanian compensation scheme was not confirmed.

Questions and answers about brokers

Answers to the questions that decide your choice of broker: the KNF licence, the compensation-scheme limit, leverage on CFDs, the difference between a real broker and a CFD-only broker, and IKE and IKZE.

01 Does a broker need a KNF licence to serve clients from Poland lawfully?

No. Investment firms from the European Union operate in Poland under an EU passport (MiFID II) — a licence from the home regulator, such as CySEC, BaFin or the Central Bank of Ireland, is enough. The CySEC register names Poland directly on the list of countries for cross-border services, among others for Trading 212 Markets Ltd. and Freedom Finance Europe Ltd. There is one practical difference, but a large one: a client of a foreign broker is covered by the compensation scheme of the home country, not by the Polish KDPW.

02 How much protection does the Polish compensation scheme give?

By statute, 100% up to the equivalent of EUR 3,000 plus 90% of the excess, with a ceiling on the funds covered by the scheme of EUR 22,000, which gives a maximum compensation of EUR 20,100. The scheme covers the loss of funds and instruments in the event of the investment firm’s insolvency. It does not cover losses from trading itself, for example losses on CFDs.

03 What is the maximum leverage on CFDs for a retail client in the Union?

After the ESMA product intervention: 1:30 for major currency pairs, 1:20 for other pairs, gold and major indices, 1:10 for other commodities and indices, 1:5 for shares and 1:2 for crypto-assets. A close-out at 50% of the required margin, negative balance protection and a ban on bonuses also apply. In Poland the KNF kept those limits and added a category of retail experienced client with leverage of up to 1:100 once turnover and knowledge criteria are met.

04 How does a real broker differ from a CFD-only broker?

In the real model the broker executes the order on a regulated market and the client becomes the owner of the instrument; assets are segregated, for example DEGIRO holds them in a separate special-purpose company. In the CFD model the broker is the counterparty to the transaction and earns on the spread — the Plus500 licence covering dealing on own account confirms this, as does a KNF decision describing XTB as the counterparty in the instant model. With CFDs you do not buy shares, you do not receive a dividend as an owner, and the broker may have an interest in your loss.

05 Do brokers have to disclose what proportion of clients lose money on CFDs?

Yes. A standardised risk warning is part of the ESMA requirements. The published figures differ between brokers: XTB 77%, Trading 212 77%, bossaFX (DM BOŚ) 68%, IG 72%, Interactive Brokers 57.9%. These are the broker’s own figures for the last twelve months, not an independent audit.

06 Can I have an IKE or an IKZE with a foreign broker?

In practice IKE and IKZE accounts are offered by Polish institutions: XTB, mBank eMakler and DM BOŚ, which has IKE, IKZE and amIKE. At the foreign brokers in this comparison — Interactive Brokers, Trading 212, eToro, DEGIRO, Saxo Bank and Freedom24 — no IKE or IKZE offer was found in the materials fetched. The 2026 contribution limits: IKE 28,260 zł, IKZE 11,304 zł, and for an entrepreneur 16,956 zł.

07 Why are IG Group, OANDA TMS Brokers and Revolut not in the ranking?

IG Group states itself that for regulatory reasons it does not open new accounts for people resident in Poland — the broker exists on the market, but it is unavailable to a new Polish client. OANDA TMS Brokers is a real broker with a KNF licence, but of a smaller retail scale than the entries in the top ten. Revolut is first and foremost a bank and an app, not a broker with a full offer: no IKE and no IKZE, no CFDs, and the limit of the Lithuanian compensation scheme was not confirmed.

08 How often does this data change?

Brokers’ price lists change several times a year, and regulator decisions without notice. This ranking carries a research date of 10 September 2026, and for each entry we give the version of the price list if the broker publishes one. Before you open an account, check the terms directly with the broker and in the regulator’s register — our description is a starting point, not the last word.

Legal notices

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02
Leveraged instruments (CFDs, futures, options, margin transactions) can generate losses exceeding the value of the funds paid in — you can lose more than you invested and be called to top up your margin (a margin call). In the European Union, leverage for retail clients trading CFDs on major currency pairs is restricted by a decision of ESMA (product intervention on CFDs and binary options), but restricting leverage does not remove the risk. The percentage of retail accounts making a loss differs between brokers and changes over time — read the current figure from the risk warning at your broker and record it together with the date.
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Last content update: October 2, 2026

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