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Investing

How to choose a broker or brokerage account - and why there is no single 'best' option

The 'best broker' depends on what and how you invest: stocks/ETFs, GPW or foreign markets, the account's FX costs, IKE/IKZE, and how you settle tax (PIT-8C or self-assessment). We explain the key decision factors and show below which accounts meet each specific criterion. The table is alphabetical and neutral; it is not a sponsored ranking. This is not investment advice - we provide facts and a comparison structure, and you make your own decision.

💸

Commissions (stocks, ETFs, markets)

The key cost axis: commission on stocks/ETFs, minimum fee, domestic vs foreign markets. Some brokers offer 0% on stocks/ETFs (up to a limit / with conditions).

🧾

Tax reporting (PIT-8C)

Polish brokerage houses issue a PIT-8C (which makes tax filing easier). Foreign brokers usually do not - you must file on your own. This makes a real difference in convenience and the risk of error.

🏛️

IKE / IKZE

Tax-advantaged investment wrappers (profits exempt from the 'Belka tax' / contributions deductible from income). Not every broker offers them - check this if you invest for the long term.

🌍

Markets and asset classes

GPW, US/EU markets, foreign ETFs and bonds. Check whether the broker provides access to the assets you want to invest in.

💱

Foreign-currency account (USD/EUR) and FX cost

For foreign markets, the key question is whether the broker lets you hold funds and settle transactions in a foreign currency (USD/EUR), or requires PLN conversion for every transaction. For example, some accounts (including IKE/IKZE) operate only in PLN - in that case, you pay FX costs in both directions. See 'Account currency structure'.

🛡️

Protection of funds

Cash and securities are covered by different protection systems (deposit guarantee / compensation scheme / KDPW). See 'Trust and structure'.

Choose by a specific criterion

💸 0% commission on stocks and ETFs5

Accounts with 0% commission on stocks/ETFs (usually up to a limit or subject to conditions - see the table for details).

Alior BM, BM Pekao, BNP Paribas BM, Trading 212, XTB

🧾 Issues PIT-8C10

Accounts whose provider issues PIT-8C for Polish tax filing. With foreign brokers, you file on your own.

Alior BM, BM Millennium, BM Pekao, BNP Paribas BM, BOSSA, DM PKO BP, Erste BM, mBank BM +2

🏛️ Offers IKE / IKZE11

Accounts with a retirement investment wrapper (statutory tax relief).

Alior BM, BM Millennium, BM Pekao, BNP Paribas BM, BOSSA, DM PKO BP, Erste BM, mBank BM +3

🌐 Foreign-currency account (USD/EUR)12

Accounts with a foreign-currency account/sub-account - without mandatory PLN conversion for every foreign-market transaction.

Alior BM, BM Pekao, BOSSA, DM PKO BP, Erste BM, IBKR, Lightyear, Lynx +4

The full comparison of all brokerage accounts - with filters (IKE/IKZE, 0% commission) - is available in the table below. This is not investment advice.

See also: Broker issuing PIT-8C · Broker for ETFs

WTP Finance · independent comparison service

Investing - brokerage accounts and tax wrappers (IKE/IKZE)

Compare brokers available to residents of Poland - every value is source-backed. For information only, not investment advice. Investing involves the risk of losing capital. Cash and invested instruments are protected in different ways - deposit guarantees apply only to cash held at a bank, while brokerage firms are covered by an investor compensation scheme with a lower limit. Check the “Cash protection” and “Instrument protection” rows.

Data from official sources No login · no KYC We do not sell placement
How we verify data · How we make money · Order: alphabetical, not a ranking
Data freshness: 0% data points verified within the last 30 days (0/199)
Filters
Quick picks for foreigners:
Alior BM
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
App language: 🇬🇧🇵🇱 · 2 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares, ETFs and other securities (orders placed online): 0.38%, min. 3 zł (turnover up to 300 000 zł), 0.34% (300k–1m zł), 0.29% (above 1m zł)
  • bonds: 0.19%, min. 3 zł. Higher rates apply to orders placed by phone (0.65/0.45/0.39%, min. 6 zł). Day trading: 0.20%. The commission is calculated using whichever is higher: the average turnover over 3 months or the turnover in the last month. Foreign markets/securities may be subject to additional foreign-custody/KDPW fees.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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BM Millennium
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares (Polish market, online): 0.38% (Standard package
  • lower rates of 0.18–0.29% in the Premium/Profit/Prestige packages)
  • by phone: 0.94%. Effective from 18.08.2025.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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BM Pekao
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
App language: 🇵🇱🇬🇧🇺🇦 · 3 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares, ETPs/ETFs and other instruments (BM online system): 0.375%, min. 5.90 zł (turnover up to 30 000 zł), decreasing to 0.250% (above 3m zł)
  • bonds/covered bonds: 0.10%, min. 5.90 zł
  • single-stock futures: 2.90 zł each. Higher rates apply to orders placed by phone (from 1.19%). According to the BM Pekao fee schedule (2021)
  • ETFs on the GPW and orders in EUR/USD/GBP are covered by 2026 fee reductions (annexes) - check the current rates.
✓ Available in PL
● Verified: 2026-06-14
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BNP Paribas BM
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
App language: 🇵🇱🇬🇧 · 2 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares and financial instruments (online): 0.35% (in person: 0.80%)
  • day trading: 0.19%
  • bonds: 0.15%
  • foreign instruments are charged according to a separate fee table (USA from 0.0035%).
✓ Available in PL
● Verified: 2026-06-14
Data sources
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BOSSA
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme (brokerage house, not a bank): 100% up to the equivalent of EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000). This is NOT a deposit guarantee (BFG). what’s this?
App language: 🇵🇱 · 1 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares, ETFs, ETNs, ETCs, subscription rights (GPW/ASO, online): 0.38% min. 5 zł (in person/by phone: 0.95%)
  • day trading: 0.15% min. 5 zł
  • bonds/covered bonds: 0.19% min. 5 zł. Account maintenance for individuals is free. Effective from 08.05.2026.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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DM PKO BP
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
App language: 🇵🇱🇬🇧 · 2 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares, ETFs, options and bonds (regulated market): 0.39% of the order value, min. 5 zł
  • bonds in another currency: 0.2%, min. 5 zł. Investment-account maintenance is subject to an annual fee according to the fee schedule. Separate rates apply to foreign markets.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Erste BM
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
App language: 🇵🇱🇬🇧 · 2 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares (online trading): 0.39%, min. 5 zł (in person: 0.99%, min. 9 zł)
  • bonds: 0.19%, min. 5 zł
  • higher rates apply to foreign markets
  • currency conversion for a foreign transaction: 2.8%.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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IBKR
Brokerage account
Brokerage house
🇮🇪 IrelandFintech
ⓘInteractive Brokers Ireland (not a bank) - cash under the Irish investor compensation scheme (ICS): 90% up to EUR 20,000. This is NOT a deposit guarantee (a lower limit than EUR 100,000). what’s this?
App language: 🇬🇧🇸🇦🇳🇱🇫🇷🇩🇪🇮🇹🇯🇵🇵🇹🇷🇺🇨🇳🇪🇸🇹🇷 HE, ZH-HANT · 14 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Low fees: US stocks from approx. 0.0035 USD/share (IBKR Pro, Tiered)
  • FX: 0.03%
  • interest on cash balances up to approx. 3.12% (USD, above the threshold). Full pricing: interactivebrokers.ie/en/pricing.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Lightyear
Brokerage account
Brokerage house
🇪🇪 EstoniaFintech
ⓘEFSA); FCA applies only to Lightyear UK Ltd what’s this?
App language: 🇬🇧 · 1 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares/ETFs - low commissions
  • currency conversion approx. 0.35%
  • interest on uninvested cash up to 1.99% APY (EUR). Details: lightyear.com/pricing.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Lynx
Brokerage account
Brokerage house
🇳🇱 NetherlandsFintech
ⓘCash at Interactive Brokers Ireland (segregated). Compensation: Irish ICS 90% up to EUR 20,000 + Dutch BCS EUR 20,000. NOT a deposit guarantee. what’s this?
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • EU stocks (Tradegate) EUR 1.00 + 0.15% (max EUR 99)
  • US stocks USD 0.01/share (min USD 5, max 2%)
  • HK 0.15% (min 50 HKD). Higher than IBKR direct (Lynx markup). Full price list: lynxbroker.pl/oplaty.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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mBank BM
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme: 100% up to EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000) - this is NOT a deposit guarantee. If cash is held in a linked bank account (e.g. eMakler), it may be covered by BFG up to EUR 100,000 - confirm the account structure. what’s this?
App language: 🇵🇱 · 1 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares and ETFs (online): 0.39%, min. 5 zł
  • bonds/futures: 0.19%, min. 5 zł
  • ETFs in IKE/IKZE accounts: 0.29%
  • foreign markets: 0.29% (minimum depending on the currency). Effective from 20.03.2026.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Noble Securities
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme (brokerage house, not a bank): 100% up to the equivalent of EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000). This is NOT a deposit guarantee (BFG). what’s this?
App language: 🇵🇱 · 1 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Standard stocks: 0,38% min. 10 zł
  • IKE/IKZE: 0,19% min. 5 zł (GPW stocks), 0,15% min. 3 zł (ETF/ETC)
  • Premium account free of charge
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Saxo
Brokerage account
Bank with a brokerage arm
🇩🇰 DenmarkFintech
ⓘSaxo Bank A/S is a bank (Denmark) - free cash in the account is covered by the Danish deposit guarantee fund (Garantiformuen) up to EUR 100,000. what’s this?
App language: 🇬🇧🇸🇦🇧🇬🇨🇿🇩🇰🇳🇱🇫🇮🇫🇷🇩🇪🇬🇷🇭🇺🇮🇹🇯🇵🇳🇴🇵🇱🇵🇹🇷🇴🇷🇺🇨🇳🇸🇰🇪🇸🇹🇷 ZH-HANT · 23 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Rates depend on the market: US stocks from 0,015 USD/share
  • ETFs from approx. 0,08% (European markets, decreasing by pricing tier)
  • currency conversion 0,25%. Full list: home.saxo/pl-pl/rates-and-conditions.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Trade Republic
Brokerage account
Bank with a brokerage arm
🇩🇪 GermanyFintech
ⓘTrade Republic Bank GmbH is a bank (Germany) - cash in the account is covered by the German deposit guarantee fund up to EUR 100,000. what’s this?
App language: 🇬🇧🇳🇱🇫🇷🇩🇪🇮🇹🇵🇱🇵🇹🇪🇸 · 8 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Order commission (stocks/ETFs/crypto): 0 zł
  • settlement fee of 1 EUR (approx. 4 zł) per transaction
  • savings plans (stocks/ETFs/crypto): no commission. A spread and third-party charges may apply (see the in-app fee schedule).
✓ Available in PL
● Verified: 2026-06-14
Data sources
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Trading 212
Brokerage account
Brokerage house
🇧🇬 BulgariaFintech
ⓘTrading 212 (not a bank) - cash under the investor compensation scheme; the limit depends on the jurisdiction of the servicing entity (check). This is NOT a deposit guarantee. what’s this?
App language: 🇬🇧🇧🇬🇭🇷🇨🇿🇫🇷🇩🇪🇬🇷🇭🇺🇮🇹🇱🇹🇵🇱🇵🇹🇷🇴🇷🇺🇸🇰🇪🇸🇸🇪 · 17 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • 0% commission on stocks and ETFs
  • currency conversion 0.15%
  • ETF OCF approx. 0.07–0.25% per year (charged at fund level). CFD account with no commission or custody fees. Entity: Trading 212 Markets Ltd (Cyprus, CySEC).
✓ Available in PL
● Verified: 2026-06-14
Data sources
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UniCredit
Brokerage account
Bank with a brokerage arm
🇧🇪 BelgiumFintech
ⓘBranch of a Belgian bank - deposits (business ones too) covered by the Belgian guarantee fund up to EUR 100,000; this is NOT the Polish BFG. what’s this?
App language: 🇵🇱🇬🇧 · 2 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Among the lowest: from 4 PLN / 1 EUR
  • 0.15% for the Polish market, 0.03% for foreign markets
✓ Available in PL
● Verified: 2026-06-14
Data sources
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XTB
Brokerage account
Brokerage house
🇵🇱 PolandFintech
ⓘKDPW compensation scheme (brokerage house, not a bank): 100% up to the equivalent of EUR 3,000 + 90% of the excess (max. payout approx. EUR 20,100; assets covered up to EUR 22,000). This is NOT a deposit guarantee (BFG). what’s this?
App language: 🇬🇧🇸🇦🇨🇿🇫🇷🇩🇪🇭🇺🇮🇹🇵🇱🇵🇹🇷🇴🇸🇰🇪🇸🇹🇷🇻🇳 ID, TH · 16 langs
🪪 PESEL: Check with the provider · 🛂 Residence permit: check
Commission:
  • Shares and ETFs (regulated market): 0% commission up to a monthly turnover limit of 100 000 EUR
  • above the limit: 0.2% (min. 10 EUR). Currency conversion: 0.5%. CFDs are charged according to a separate fee table.
✓ Available in PL
● Verified: 2026-06-14
Data sources
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