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TRADING PLATFORMS · POLAND

Trading platforms in Poland: a provisional comparison

Ten brokers for Polish residents buying real shares and eligible ETFs. Compare PLN and foreign-market costs, account conditions and tax reporting. This comparison excludes CFDs and does not assume retail access to US-listed ETFs.

Fees checked on each broker's price list on .

Provisional editorial comparison, not a total-cost ranking. These partial scores cover published fees and features. Spread, depth, slippage and effective execution costs have not been measured comparably and are not silently assumed to be zero. Read the execution review and unresolved research before choosing a broker.

Partial scores at a glance

#BrokerPartial scoreCommissions (35%)Currency exchange (15%)ETF offer (25%)Other advantages and costs (25%)
1Interactive Brokers Ireland (IBKR Pro cash)8.388.598
2XTB S.A. (real shares and ETFs)8.29.558.58
3Trading 212 Invest (Trading 212 Markets Ltd.)8.29.5886.5
4mBank S.A. eMakler (ordinary account)7.578.57.57.5
5Dom Maklerski BOŚ S.A. (bossa online)6.97487.5
6Alior Bank S.A. Biuro Maklerskie6.2647.56.5
7Erste Bank Polska S.A. Biuro Maklerskie (formerly Santander)6.06.5475.5
8PKO Bank Polski S.A. Biuro Maklerskie5.86475.5
9Noble Securities S.A. Premium4.4524.55
10Bank Pekao S.A. Biuro Maklerskie4.1336.54

Spreads and execution: the missing part of a fee table

The bid is what you can sell for; the ask is what you can buy for. Their difference is the quoted spread. It varies with the instrument, time, available quantity and market. A low commission does not establish a low total cost. No synchronized executable quotes or comparable fills were collected for these brokers: the table below is a documentary review, not a measured spread league table.

BrokerExecution evidence and limitsComparable realized spread
Interactive Brokers Ireland (IBKR Pro cash)Routing capability is not execution evidence. No matched ISIN, time, size, quote-depth or implementation-shortfall sample; spread and slippage remain unmeasured.Not measured
XTB S.A. (real shares and ETFs)OMI/fractional rights must be distinguished from CFD quotes. Market bid/ask, venue depth, order type, trading hours and execution outcomes were not measured; 0.50% FX is an explicit conversion markup, not a fixed equity spread.Not measured
Trading 212 Invest (Trading 212 Markets Ltd.)Invest commission zero does not mean bid/ask zero. Exact Poland-entity routing, fractional execution/transfer rules and comparable fill-price sample remain unverified.Not measured
mBank S.A. eMakler (ordinary account)0.10% is the disclosed FX markup, not a measured equity spread. Current policy documents are linked by official document hub; venue-by-venue fills and slippage not measured.Not measured
Dom Maklerski BOŚ S.A. (bossa online)Exchange routes and separate foreign-market rules are documented. Order-type handling, currency quote timing and matched execution-quality sample were not audited; no spread ranking claimed.Not measured
Alior Bank S.A. Biuro MaklerskieQuoted brokerage tariffs do not measure spreads or slippage. No paired order/fill sample or quantitative venue-quality comparison.Not measured
Erste Bank Polska S.A. Biuro Maklerskie (formerly Santander)Execution/routing and order controls not independently compared. Published commission is separate from spread, slippage, conversion and custody.Not measured
PKO Bank Polski S.A. Biuro MaklerskieNo comparable spread, quote-depth or fill data. Foreign broker/settlement route and limit-order handling require confirmation; commission-only example is incomplete.Not measured
Noble Securities S.A. PremiumGPW order tariff verified; spread/slippage and foreign execution not measured. No fabricated foreign price or fill-quality claim.Not measured
Bank Pekao S.A. Biuro MaklerskieHigh disclosed standard commission does not establish a wider equity spread. Venue executions and personalized annex rates are not measured.Not measured

When a lower commission costs more

Illustration only, not observed broker prices: for a EUR 1,000 immediate market purchase, route A with a EUR 1 commission and a 0.60% full quoted spread costs approximately EUR 4.00 relative to the midpoint. Route B with a EUR 3 commission and a 0.04% spread costs EUR 3.20. This assumes execution at the ask, enough depth, no market movement, no price improvement, no FX and no other costs. A EUR 1 commission saving is cancelled by a EUR 1 worse same-side execution price on this order (0.10%).

For one side, the illustration uses commission + half the quoted spread × order value + additional slippage beyond that quote + FX + other transaction charges. An immediate round trip at unchanged quotes incurs approximately the full spread. If actual execution shortfall is measured against a reference midpoint, do not add the quoted spread again. A limit order controls the worst acceptable price but may not fill.

A rigorous comparison needs the same ISIN/share class, order size, currency, side, timestamp, market depth, route and order type, including active underlying-market hours. Compare actual fills, rejected or unfilled orders, conversion rates, exchange and settlement fees. Add holding-period custody/subscription fees, transfer/dividend charges and applicable taxes separately; ETF TER and tracking difference are product costs, not a broker's spread.

Sources: SEC Investor.gov: order execution and price improvement. Broker-specific execution sources appear with each broker below. These general principles do not imply identical regulations across countries.

The provisional ranking

  1. Interactive Brokers Ireland (IBKR Pro cash)

    8.3/10

    Profile: Broad exchange access with separately priced FX

    Commissions
    8
    Currency exchange
    8.5
    ETF offer
    9
    Other advantages and costs
    8

    Why it ranks here. Broad venues and explicit manual FX terms offset non-zero local/foreign order minima.

    Watch out. Confirm IBIE in contract; PLN 1,000 orders are minimum-fee sensitive. No measured best-fill claim.

    All fees and features
    Stocks & ETFs
    Warsaw: Tiered 0.05%, PLN 5 minimum plus external fees; Fixed 0.10%, PLN 15 minimum plus applicable pass-through charges. A PLN 1,000 eligible order reaches each minimum.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Poland is supported. US Pro schedule, not US-resident Lite: fixed USD 0.005/share, USD 1 minimum; tiered USD 0.0035/share, USD 0.35 minimum plus external fees. Ten USD 100 shares reach the minima.
    Currency exchange
    Manual spot FX: 0.002%, USD 2 minimum. USD 1,000 equivalent costs USD 2 commission, not USD 0.02; spread separate. Automatic conversion route not verified for this profile.
    ETF range
    European and US share venues; ETF availability depends on KID/permissions. No assumption that EU retail can buy US-listed ETFs.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Optional market data and ancillary costs not fully audited; no funding, transfer or custody zero-fee claim.
    Tax-advantaged accounts
    Ordinary taxable cash account; Polish PIT-8C issuance and IKE/IKZE not verified, so local tax-administration advantage not scored.
    Protection
    Interactive Brokers Ireland Limited appears in Irish Central Bank register C423427. Contract entity and applicable compensation documentation must be checked; no blanket SIPC, Polish KDPW or deposit-insurance claim.

    Sources: interactivebrokers.ie: commissions stocks · interactivebrokers.ie: commissions stocks · interactivebrokers.ie: commissions spot currencies · interactivebrokers.ie: open account country list · centralbank.ie: firmdatapage.aspx

  2. XTB S.A. (real shares and ETFs)

    8.2/10

    Profile: Small orders with Polish reporting

    Commissions
    9.5
    Currency exchange
    5
    ETF offer
    8.5
    Other advantages and costs
    8

    Why it ranks here. Zero small-order commission and local reporting are useful; 0.50% conversion is a material recurring cost.

    Watch out. FX is not free. USD 1,000 purchase plus same-value sale with two conversions implies USD 10 equivalent FX markup before spread, taxes or price changes.

    All fees and features
    Stocks & ETFs
    Real OMI shares/ETFs: 0% within EUR 100,000 monthly turnover; above threshold 0.20%, minimum EUR 10. Not the separate CFD product. PLN 1,000 eligible local ETF: zero commission within allowance.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Real shares/ETFs offered locally. USD 1,000 foreign-share order: zero commission within allowance; currency conversion adds costs.
    Currency exchange
    0.50% markup on transaction-related conversions; USD 1,000 equivalent implies USD 5 equivalent per conversion. Cross-currency cash transfers 0.50%, 0.80% weekends/holidays. Same-currency funding may avoid a broker conversion, not bank costs.
    ETF range
    Real ETF offer verified; current eligible ETF-only count not independently established, and US shares do not establish US-ETF eligibility.
    Fractional shares
    Fractional Rights are fiduciary rights to part of an underlying share/ETF, not fully equivalent to ownership of a fractional share; do not assume identical transfer/insolvency rights.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    No ordinary maintenance fee. EUR 10 monthly inactivity requires both 365 days without trades and 90 without deposits, with stated exemptions including open stock/ETF positions. Full custody/transfer tariff not extracted.
    Tax-advantaged accounts
    Private investors with relevant closed taxable transactions can receive PIT-8C; dividend amounts are outside that form. IKE/IKZE are separate products; ordinary-account scoring does not assume their tax treatment.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: xtb.com: oplaty i prowizje w xtb · xtb.com: konto i oplaty · xtb.com: gdzie znalezc pit 8c i co zrobic jesli… · xtb.com: w 8ben · xtb.com: czym sa prawa ulamkowe · knf.gov.pl: domy maklerskie · kdpw.pl: system rekompensat · xtb.com: informacje prawne

  3. Trading 212 Invest (Trading 212 Markets Ltd.)

    8.2/10

    Profile: Low explicit foreign-share commissions

    Commissions
    9.5
    Currency exchange
    8
    ETF offer
    8
    Other advantages and costs
    6.5

    Why it ranks here. Low disclosed foreign-order and conversion charges; local venue and tax-workflow gaps reduce other-advantages score.

    Watch out. Confirm Markets Ltd. contract. This is not Trading 212 EU GmbH and German tax features/protection cannot be imported.

    All fees and features
    Stocks & ETFs
    Invest commission and custody: zero. Direct Warsaw-listed ETF route not verified; PLN account currency does not establish GPW access.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Poland is listed under Trading 212 Markets Ltd.; Invest offers real foreign shares/ETFs, separate from CFD. USD 1,000 foreign shares: zero commission, plus any conversion.
    Currency exchange
    0.15% stated conversion fee, USD 1.50 equivalent on USD 1,000. Multi-currency holdings can avoid repeated conversions; bank conversion and market spread remain separate.
    ETF range
    ETFs offered; local eligible ETF-only count and GPW ETF routing not verified.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Bank-transfer funding/withdrawals free at broker level; card/other funding 0.70% above cumulative GBP 2,000-equivalent threshold. Polish threshold currency display and third-party charges require confirmation.
    Tax-advantaged accounts
    Polish PIT-8C and IKE/IKZE not verified; no automatic Polish-tax-service advantage scored.
    Protection
    KNF cross-border notification lists Trading 212 Markets Ltd.; broker identifies CySEC licence 398/21. Notification is not a Polish licence or blanket KDPW coverage; current Cyprus compensation terms not independently extracted.

    Sources: trading212.com: invest · trading212.com: what are the supported countries · trading212.com: multi currency · knf.gov.pl: notyfikowane zagraniczne firmy inwestyc… · trading212.com: legal documentation

  4. mBank S.A. eMakler (ordinary account)

    7.5/10

    Profile: Bank-linked investing and disclosed conversion markup

    Commissions
    7
    Currency exchange
    8.5
    ETF offer
    7.5
    Other advantages and costs
    7.5

    Why it ranks here. Small disclosed FX markup and bank integration; domestic/foreign minima constrain small ordinary orders.

    Watch out. Do not combine IKE ETF zero commission with an ordinary taxable account. Reuters reference timing, conversion route and transfer costs matter.

    All fees and features
    Stocks & ETFs
    Domestic ordinary online securities: 0.39%, PLN 5 minimum. PLN 1,000 local ETF: PLN 5. Foreign online ordinary: 0.29%, PLN 14 minimum; do not apply retirement ETF waiver universally.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Foreign-share and eligible ETF service; USD 1,000 purchase commission is max(0.29% of PLN-equivalent value, PLN 14), not an invented cross-currency sum.
    Currency exchange
    Published foreign transaction conversion: mid-Reuters plus/minus 0.10% markup. Reference is updated periodically, not guaranteed executable interbank price. USD 1,000 conversion markup USD 1 equivalent; commission separate.
    ETF range
    Over 450 selected IKE/IKZE ETFs have permanent zero commission from March 2026, with excluded categories. Ordinary-account tariff still applies here.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Annual account PLN 0 with email/electronic communication, otherwise PLN 50. Foreign outgoing transfer 1%, minimum PLN 100 per instrument; custody/waiver thresholds need individual review.
    Tax-advantaged accounts
    IKE/IKZE separately available with selected ETF commission waivers and foreign custody fee zero. Ordinary tariff references PIT documents; full PIT-8C coverage not independently audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: mbank.pl: taryfa oplat i prowizji biura maklerski… · mbank.pl: rynki zagraniczne · mbank.pl: rynki zagraniczne · mbank.pl: ponad 450 etfow bez prowizji mbank daje… · knf.gov.pl: banki prowadzace dzialalnosc maklerska

  5. Dom Maklerski BOŚ S.A. (bossa online)

    6.9/10

    Profile: Local and foreign markets in a Polish brokerage

    Commissions
    7
    Currency exchange
    4
    ETF offer
    8
    Other advantages and costs
    7.5

    Why it ranks here. Established local/foreign routes and Polish account administration; minima and transfer fees are material.

    Watch out. Do not import special SII 0.24% or temporary retirement ETF waiver into standard ordinary fees.

    All fees and features
    Stocks & ETFs
    Ordinary domestic online securities: 0.38%, PLN 5 minimum; PLN 1,000 local ETF PLN 5 under standard tariff. ETF 0.25% minimum PLN 5 is temporary to 30 December 2026 and excluded from scoring.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    US/Germany/UK online: from 0.29%, minimum PLN 14 or EUR/USD/GBP 4 by settlement currency. USD 1,000 order settled USD: USD 4 minimum.
    Currency exchange
    Foreign-currency account supported; actual conversion markup/reference timing not verified. FX score 4 reflects incomplete cost evidence, not cheap conversion.
    ETF range
    GPW and eligible foreign ETF routes verified; current eligible ETF-only count not established.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Online account/basic yellow quote package free. Foreign outgoing securities transfer 0.50%, minimum PLN 125/EUR 30/USD 30/GBP 27 per security. Data/upgraded quote packages can cost extra.
    Tax-advantaged accounts
    IKE/IKZE available. ETF waiver to end February 2027 is temporary, unscored. Tariff references PIT-8C copy fees; completeness of tax reporting not audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: bossa.pl: oplaty i prowizje · bossa.pl: oplaty i dokumenty · bossa.pl: pdfdocument · bossa.pl: pdfdocument · knf.gov.pl: domy maklerskie · kdpw.pl: system rekompensat

  6. Alior Bank S.A. Biuro Maklerskie

    6.2/10

    Profile: Bank-linked foreign markets

    Commissions
    6
    Currency exchange
    4
    ETF offer
    7.5
    Other advantages and costs
    6.5

    Why it ranks here. Accessible foreign ETF offer and separately funded currencies; commission minima and unquantified FX prevent a top-cost conclusion.

    Watch out. Use Biuro Maklerskie cash service, not Alior Trader. Confirm ordinary online tier/minima in current contract. Current 2025 tariff endpoint rejected extraction; older domestic 0.38%/PLN 3 tariff is not represented as verified current pricing.

    All fees and features
    Stocks & ETFs
    Current local ETF campaign is temporary to 31 December 2026 and unscored. Ordinary domestic commission/minimum could not be confirmed in the current tariff; PLN 1,000 local case left unpriced, not assumed free.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Foreign online securities page states 0.29%; linked ordinary offer shows minimum EUR/USD/GBP 5. USD 1,000 US shares: USD 5 before FX/third-party charges, subject to current contract confirmation.
    Currency exchange
    Foreign currency cash needed; linked bank or Kantor balance can fund EUR/GBP/USD. Executable FX markup and bank charges not quantified; score 4 is uncertainty, not zero.
    ETF range
    Official page offers over 500 ETFs on 14 foreign exchanges; count is broker claim, product-specific KID/permissions required.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Opening/maintenance advertised zero; full custody, transfer and inactivity exceptions not fully verified. No all-in zero-fee claim.
    Tax-advantaged accounts
    IKE/IKZE offered separately; zero ETF claims have account/date conditions. PIT-8C coverage not independently audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: aliorbank.pl: rachunek brokerski · aliorbank.pl: etf · aliorbank.pl: toip0942976190.pdf · aliorbank.pl: taryfa oplat i prowizji biura maklerski… · knf.gov.pl: banki prowadzace dzialalnosc maklerska · kdpw.pl: system rekompensat

  7. Erste Bank Polska S.A. Biuro Maklerskie (formerly Santander)

    6.0/10

    Profile: Existing bank clients needing several markets

    Commissions
    6.5
    Currency exchange
    4
    ETF offer
    7
    Other advantages and costs
    5.5

    Why it ranks here. Documented ordinary market access, but ancillary and FX gaps lower provisional score.

    Watch out. Use current Erste identity: Santander URL redirects and KNF lists Erste with Santander struck through. VIP/TopTrader fees are not Standard.

    All fees and features
    Stocks & ETFs
    Standard online domestic securities: 0.39%, minimum PLN 5; PLN 1,000 eligible local ETF PLN 5.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Standard online US/Germany/France/Italy/UK/Switzerland/Belgium/Netherlands: 0.29%, minimum EUR/USD/GBP/CHF 5 or PLN 25 by settlement currency. USD 1,000 US order in USD: USD 5.
    Currency exchange
    Foreign-currency account/transfer fees published, but conversion spread/markup not quantified here. FX uncertainty score 4, no free-conversion assumption.
    ETF range
    Eligible local/foreign ETF routes; current ETF-only eligible count not verified.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Foreign custody charged when monthly turnover waiver not met; precise charge and ordinary maintenance/transfer total need confirmation. Not assumed free.
    Tax-advantaged accounts
    IKE/IKZE separate. Current full PIT-8C scope and retirement ETF fee conditions not audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: erste.pl: download · erste.pl: taryfa oplat i prowizji · knf.gov.pl: banki prowadzace dzialalnosc maklerska · kdpw.pl: system rekompensat

  8. PKO Bank Polski S.A. Biuro Maklerskie

    5.8/10

    Profile: Existing Polish bank relationships

    Commissions
    6
    Currency exchange
    4
    ETF offer
    7
    Other advantages and costs
    5.5

    Why it ranks here. Verified local/foreign order tariffs, with higher foreign minimum than several online alternatives.

    Watch out. Official tariff hub still labels the linked document effective October 2020; later communications can override specific fees. Check current contract and applicable communications.

    All fees and features
    Stocks & ETFs
    Ordinary online domestic securities: 0.39%, minimum PLN 5; PLN 1,000 local ETF PLN 5.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Current linked tariff US foreign securities 0.28%, minimum PLN 38 or USD 10 by settlement currency. USD 1,000 US order settled USD: USD 10 before other costs.
    Currency exchange
    Foreign settlement currencies available; current conversion markup/spread not verified. Score 4 reflects missing cost evidence.
    ETF range
    Domestic and foreign securities/ETF routes; eligible ETF-only universe not counted.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Ordinary maintenance, custody, transfer and quote-service total not fully verified; no zero-fee inference from bank account relationship.
    Tax-advantaged accounts
    Retirement-product fees differ; ordinary ranking does not score tax exemptions. Current PIT-8C completeness not audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: pkobp.pl: eaf7796 f0e5 458a b5e6 6a20d94ab130.pdf · pkobp.pl: taryfa oplat i prowizji · pkobp.pl: rynki zagraniczne · knf.gov.pl: banki prowadzace dzialalnosc maklerska · kdpw.pl: system rekompensat

  9. Noble Securities S.A. Premium

    4.4/10

    Profile: Domestic GPW investing

    Commissions
    5
    Currency exchange
    2
    ETF offer
    4.5
    Other advantages and costs
    5

    Why it ranks here. Domestic tariff documented, but minimum commission and incomplete foreign profile restrict its fit.

    Watch out. Do not label all Noble accounts free; Premium zero maintenance does not apply to Standard.

    All fees and features
    Stocks & ETFs
    Ordinary internet securities/ETF: 0.38%, minimum PLN 10/order; PLN 1,000 eligible GPW ETF PLN 10. Premium and Standard account fees differ.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Direct US foreign-share route not verified for this profile; USD 1,000 case unpriced. GPW GlobalConnect is not equivalent to full direct US access.
    Currency exchange
    No verified ordinary direct foreign-share conversion route/markup. FX score 2 reflects profile/access evidence gaps, not an estimated monetary charge.
    ETF range
    GPW ETF/ETC/ETN documented; foreign ETF universe not verified. Temporary ETF campaign to 31 March 2027 excluded.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Premium account maintenance free; tariff Standard account PLN 80 per started month. Confirm account type; other custody/transfer charges not fully extracted.
    Tax-advantaged accounts
    IKE/IKZE offered, but temporary ETF waiver is not a permanent ordinary-account feature. PIT-8C coverage not audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: noblesecurities.pl: viewstaticdocbyid · noblesecurities.pl: promocja etf etc · knf.gov.pl: domy maklerskie · kdpw.pl: system rekompensat

  10. Bank Pekao S.A. Biuro Maklerskie

    4.1/10

    Profile: Bank-supported access with acceptance of higher standard fees

    Commissions
    3
    Currency exchange
    3
    ETF offer
    6.5
    Other advantages and costs
    4

    Why it ranks here. Standard foreign minima and custody reduce suitability for this small-order profile.

    Watch out. Standard tariff differs from negotiated annexes, under-30 offers and 2026 temporary waivers; not a claim every Pekao client pays the example.

    All fees and features
    Stocks & ETFs
    Standard first domestic online turnover tier: 0.375%, minimum PLN 5.90; PLN 1,000 local ETF PLN 5.90 before any temporary/special offer.
    Options
    Not scored: exchange-traded options and derivatives are outside this cash shares/ETF profile.
    International shares
    Standard foreign first value band: 0.50%, minimum USD/CHF 35, EUR 30, GBP 20. USD 1,000 US shares: USD 35 commission; negotiated annex may differ.
    Currency exchange
    Published bank currency quotes/foreign currency settlement; executable markup not quantified. No zero-FX assumption.
    ETF range
    Local and foreign eligible ETF/ETP offer; current ETF-only count unverified.
    Fractional shares
    Whole-share comparison; entity-specific fractional legal and transfer terms not verified.
    Minimum
    Account-opening minimum not verified; sufficient cash and the instrument whole-unit lot are required.
    Account and transfer fees
    Foreign custody 0.049% quarterly, minimum USD 3/EUR 2.50 etc, waived if quarterly turnover exceeds 50% of portfolio. Foreign outward transfer 0.50%, minimum EUR 100 per instrument.
    Tax-advantaged accounts
    Ordinary taxable account; youth/retirement/temporary waivers not imported. PIT-8C scope not audited.
    Protection
    Local legal entity appears in KNF register. KDPW compensation addresses eligible unreturned assets after intermediary failure, not price losses; individual current membership and claim scope not independently matched. Securities are not blanket bank deposits.

    Sources: pekao.com.pl: taryfa prowizji i oplat biura maklerski… · pekao.com.pl: regulacje i taryfy oplat · knf.gov.pl: banki prowadzace dzialalnosc maklerska · kdpw.pl: system rekompensat

Also considered

What remains unverified

  • No common-instrument/time/size executable spread or fill sample was collected. Fixed spread claims or claims that one broker always fills best would be unsupported.
  • FX is not fully quantified for bossa, Alior, Erste, PKO, Noble or Pekao. FX uncertainty scores are not comparative proof of expensive or cheap currency execution.
  • T212 direct GPW access and Noble direct US foreign-share route not verified; relevant local/foreign cost cases intentionally unpriced.
  • Current KNF domestic/foreign notification identities matched in primary lists, and IBIE home register read; Cyprus underlying licence page extraction failed. Notification does not replace entity contract review.
  • KDPW service description verified, but all individual compensation memberships and legal coverage exclusions not independently matched; no universal numerical compensation or deposit-insurance promise.
  • Full eligibility for all nationalities/US persons, minimum lots, specific KID list, fractional transfer/insolvency rules and ancillary fees require contract-level checks.
  • Tax-product and PIT-8C completeness vary. PIT-8C is not proof all tax obligations or foreign dividends are handled.
  • PKO hub labels base tariff October 2020 and publishes overriding communications; Noble current linked base dated June 2025. Their numerical examples refer to visible standard base, not negotiated or promotional prices.
  • Alior current tariff endpoint rejected extraction. Domestic ordinary commission left unpriced rather than importing the old tariff; foreign minimum comes from official ordinary offer and requires current contract confirmation.

Is my money protected?

Domestic identities were checked against KNF public lists; cross-border entities have their own home-regulator and contractual arrangements. Individual KDPW compensation memberships were not completely verified. Protection depends on the entity and failure scenario; investor compensation is different from bank-deposit insurance and never insures market losses. See each broker's notes and unresolved checks.

How we score

The partial editorial score uses four criteria: commissions 35%, currency exchange 15%, etf offer 25%, other advantages and costs 25%. It is a weighted judgment about published fees, features and account conditions, not a measurement of total realized cost. Execution is reviewed separately and remains unmeasured; no missing spread is entered as zero and no execution advantage is awarded without comparable evidence. Cash interest and temporary promotions are excluded.

Provisional editorial comparison for adult Polish-resident retail cash investors buying real shares and eligible ETFs, excluding CFDs, leverage and promotional rewards. Scores 0-10: commissions 35%, FX 15%, ETF offer 25%, other advantages/costs 25%; rank unrounded weighted totals, display one decimal half-up. Reasoned editorial judgments, not an objective total-cost test. Unknown fees never mean zero and reduce evidence-based advantages conservatively. Compare PLN 1,000 eligible local ETF and USD 1,000 foreign shares (10 hypothetical USD 100 shares), without assuming US-listed ETF access under EU PRIIPs/KID. FX amounts are USD equivalents, not assumed PLN/USD rates. Interest, temporary promotions and tax savings excluded. Bid/ask, liquidity, slippage and realized execution quality are unmeasured and displayed separately; rankings do not establish cheapest fills. Bank, custody, data, transfer, fund TER and taxes can add costs. Same displayed scores can have different raw totals; exact ties would retain source order. Source reading date 18 October 2026.

Fee claims link to broker price lists, schedules or help pages checked on 18 October 2026. Missing or incomplete items remain visible. Scores are editorial judgments, not factual measurements; differences of a few tenths should not imply a precise or universal preference. No affiliate links: Plain Economy earns nothing from any broker on this page, and no broker has seen or paid for it.

Other countries

Trading platforms in Canada: a provisional comparison
Mainland China brokers: a limited comparison
Trading platforms in Germany: a provisional comparison
Trading platforms in Singapore: a provisional comparison
Trading platforms in Japan: a provisional comparison
Trading platforms in the United States: a provisional comparison
Trading platforms in Spain: a provisional comparison
Trading platforms in the UK: a provisional comparison