XTB’s Polish Clients Trade 16 Billion Zlotys on WSE in 2025

XTB’s Polish clients traded 16 billion zlotys worth of securities on the Warsaw Stock Exchange (WSE) in 2025, marking a 76.3% rise from the previous year, according to market data cited by Polish financial daily Parkiet. The increase highlights rising retail participation, although trading activity grew at a slower pace than the broker’s surge in new accounts.

The Warsaw-listed fintech added 441,500 domestic brokerage accounts last year, while the broader Polish market expanded by 565,000 accounts in total. That pushed the number of registered securities accounts in Poland beyond 2.5 million for the first time. XTB now holds around 33% of all Polish brokerage accounts but accounts for only 1.7% of total trading volume on the WSE.

Filip Kaczmarzyk, a member of XTB’s management board, said the gap reflects the firm’s focus on mass-market retail clients who are typically younger and newer to investing. Many of these accounts belong to first-time investors who are still building their portfolios and financial knowledge rather than generating high trading turnover.

XTB’s Polish Clients Trade 16 Billion Zlotys on WSE in 2025

“We’ve democratized access to financial markets,” Kaczmarzyk said. “Our average client is significantly younger than the Polish investor average, which naturally means smaller starting portfolio values and a learning phase.”

Among domestic-focused brokers, XTB’s 76.3% growth in WSE volumes outpaced the overall market but did not match the scale of its account expansion. ING Bank Śląski’s brokerage unit, which also serves only retail clients, held a 1.46% market share with about 202,000 accounts at year-end, roughly four times fewer than XTB, while showing similar per-account trading activity.

Account growth in Poland was heavily concentrated among the largest players. XTB captured 78% of all new brokerage accounts opened in 2025. mBank ranked second with 62,225 new accounts, followed by PKO BP with 19,000 and Dom Maklerski BOŚ with 17,400.

December brought a spike in new registrations as brokers promoted IKE and IKZE tax-advantaged retirement accounts ahead of annual contribution deadlines. The market added 100,374 accounts that month, more than double the monthly average of the previous eleven months.

Kaczmarzyk noted that XTB’s younger client base is increasingly trading U.S. stocks and European ETFs rather than focusing solely on Warsaw-listed shares. He expects trading volumes to rise as customers gain experience and higher disposable incomes. Polish brokers are also hoping domestic capital will play a larger role going forward after foreign investors dominated the 2025 market rally.

Company Overview

XTB is a globally famous online brokerage and trading firm. Established in 2002, it became a premier retail Forex and CFD services provider. Operating across numerous countries, XTB is subject to regulation by esteemed financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Polish Financial Supervision Authority (KNF) in Poland. Renowned for its reliability, XTB offers exceptional customer support, an extensive range of forex and CFD options, and an exemplary trading environment. 

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