German
digital financial institution Commerce Republic has launched operations in Poland final week,
marking its first growth exterior the eurozone and organising a
direct problem to established gamers like XTB within the nation’s
rising retail funding market.
The transfer
comes when Commerce Republic additionally introduced a significant growth into personal
markets by way of partnerships with Apollo International Administration and EQT, giving
the platform extra aggressive firepower because it targets Poland’s 38
million customers.
Commerce
Republic entered Poland with a financial savings account providing 4.25% annual
curiosity, matching the Polish central financial institution’s deposit fee, together with a
flat buying and selling payment of 4 zlotys per transaction. For comparability, XTB
affords 4.1% promotional rate of interest and 1.85% normal fee
The newcomer
highlighted Poland’s extreme retirement funding hole, noting solely 3% of the
inhabitants feels assured about having adequate retirement funds,
the bottom degree throughout the complete EU.
Christian Hecker, co-founder of Commerce Republic
“Our
mission is to democratize wealth throughout Europe,” stated
Christian Hecker, co-founder of Commerce Republic.
“With our launch in Poland, we reveal that we are able to convey
this imaginative and prescient to life additionally past the Eurozone”.
The
German fintech supplies Polish prospects with native IBAN accounts,
direct buying and selling in zloty, and entry to over 10,000 shares, ETFs, and
cryptocurrencies with no international alternate charges. Initially, the Polish
inventory providing will likely be restricted to the 100 most actively traded
home shares. Earlier this yr, Italian
prospects acquired the same supply, the place Commerce Republic additionally needs to
bridge the “pension hole.”
Whereas Commerce Republic fees a flat fee, which XTB does not do as much as €100,000, the Polish fintech payments a international alternate payment of 0.5%, which could be thought of a “hidden” payment when buying and selling exterior the native Warsaw Inventory Alternate. XTB due to this fact works out cheaper as much as a slightly modest quantity of 800 zloty, above which Commerce Republic could also be less expensive for retail merchants excited about international ETFs and shares.
Be a part of IG, CMC,
and Robinhood in London’s main buying and selling trade occasion!
Competitors Intensifies
for XTB
Commerce
Republic’s arrival provides stress on XTB, which lately overtook mBank to
turn into Poland’s largest brokerage by account numbers with practically 615,000
accounts as of August 22025. The publicly-listed Polish dealer has
dominated new account acquisitions, capturing 335,000 shoppers within the final yr.
Nonetheless,
Commerce Republic brings vital scale with
over 10 million prospects throughout 18 European markets and €150 billion in
property underneath administration. The platform has achieved profitability
over the previous two years and counts Sequoia Capital and Peter Thiel’s
Founders Fund amongst its buyers.
Kamil Szymański, the Head of Commerce Republic Poland
Kamil Szymański,
who beforehand developed ETF choices at mBank’s brokerage arm, will lead
Commerce Republic’s Polish market growth. “Poland is without doubt one of the
fastest-growing economies in Europe, but households stay structurally
under-invested and face a rising pension hole,” Szymański stated
in Polish media experiences.
Revolut
can be respiratory down XTB’s neck. Though the corporate is not included in
official statistics on the variety of brokerage accounts in Poland as a result of its
Lithuanian registration, 590,000 individuals within the nation presently use the
Revolut Make investments service, simply 25,000 fewer than XTB.
Native Brokers Slash Charges
in Response to Competitors
The arrival
of Commerce Republic has intensified an already heated pricing battle amongst Polish
brokers, with established gamers scrambling to match aggressive choices on
funding prices.
Simply days
earlier than Commerce Republic’s Polish launch, mBank’s brokerage arm sparked the payment
battle by eliminating commissions on ETF buying and selling inside IKE and IKZE retirement
accounts by way of February 28, 2026. The transfer focused foreign-listed ETFs,
the place mBank beforehand charged 0.29% fee (minimal 14 zlotys) however now
solely applies a 0.1% international alternate payment.
DM BOŚ
shortly responded with an equivalent supply, matching mBank’s zero-commission ETF
buying and selling on retirement accounts with the identical February deadline. “We
perceive buyers’ expectations and wish to present engaging funding
situations,” stated DM BOŚ representatives, although they expressed concern
concerning the route of payment competitors in Poland’s retail funding market.
The payment
reductions signify a big shift from normal Polish brokerage
pricing, the place ETF commissions sometimes match inventory buying and selling charges round 0.39%
of transaction worth. Solely BM Alior had beforehand provided zero-commission ETF
buying and selling.
Personal Markets
Entry Would possibly Add Differentiation
Commerce
Republic’s growth into wealth administration by way of its new personal
markets providing , introduced at this time (Monday), may present
extra aggressive benefits in Poland. The platform now permits
retail buyers to entry personal fairness and personal credit score funds from
Apollo and EQT with minimal investments of simply €1, in comparison with
typical institutional minimums of €10,000.
“Lengthy-term
wealth creation is extra than simply an ETF financial savings plan. It is concerning the
mixture of varied asset courses,” Hecker defined.
The corporate plans to roll out two extra asset courses over the
coming months, every 30 days aside.
The personal
markets growth addresses
a key limitation in most retail portfolios, which generally focus
solely on public shares and ETFs regardless of personal corporations representing 88%
of the general financial system. Commerce Republic affords month-to-month liquidity
by way of its inside market, versus the quarterly redemptions typical of
personal market funds.
Polish prospects
also can entry Commerce Republic’s Visa card with 1% cashback on purchases,
deposited instantly into funding financial savings plans. The platform operates as
a totally licensed European financial institution underneath German monetary regulator BaFin
supervision, with Polish operations regulated by the nation’s monetary
authority KNF.
German
digital financial institution Commerce Republic has launched operations in Poland final week,
marking its first growth exterior the eurozone and organising a
direct problem to established gamers like XTB within the nation’s
rising retail funding market.
The transfer
comes when Commerce Republic additionally introduced a significant growth into personal
markets by way of partnerships with Apollo International Administration and EQT, giving
the platform extra aggressive firepower because it targets Poland’s 38
million customers.
Commerce
Republic entered Poland with a financial savings account providing 4.25% annual
curiosity, matching the Polish central financial institution’s deposit fee, together with a
flat buying and selling payment of 4 zlotys per transaction. For comparability, XTB
affords 4.1% promotional rate of interest and 1.85% normal fee
The newcomer
highlighted Poland’s extreme retirement funding hole, noting solely 3% of the
inhabitants feels assured about having adequate retirement funds,
the bottom degree throughout the complete EU.
Christian Hecker, co-founder of Commerce Republic
“Our
mission is to democratize wealth throughout Europe,” stated
Christian Hecker, co-founder of Commerce Republic.
“With our launch in Poland, we reveal that we are able to convey
this imaginative and prescient to life additionally past the Eurozone”.
The
German fintech supplies Polish prospects with native IBAN accounts,
direct buying and selling in zloty, and entry to over 10,000 shares, ETFs, and
cryptocurrencies with no international alternate charges. Initially, the Polish
inventory providing will likely be restricted to the 100 most actively traded
home shares. Earlier this yr, Italian
prospects acquired the same supply, the place Commerce Republic additionally needs to
bridge the “pension hole.”
Whereas Commerce Republic fees a flat fee, which XTB does not do as much as €100,000, the Polish fintech payments a international alternate payment of 0.5%, which could be thought of a “hidden” payment when buying and selling exterior the native Warsaw Inventory Alternate. XTB due to this fact works out cheaper as much as a slightly modest quantity of 800 zloty, above which Commerce Republic could also be less expensive for retail merchants excited about international ETFs and shares.
Be a part of IG, CMC,
and Robinhood in London’s main buying and selling trade occasion!
Competitors Intensifies
for XTB
Commerce
Republic’s arrival provides stress on XTB, which lately overtook mBank to
turn into Poland’s largest brokerage by account numbers with practically 615,000
accounts as of August 22025. The publicly-listed Polish dealer has
dominated new account acquisitions, capturing 335,000 shoppers within the final yr.
Nonetheless,
Commerce Republic brings vital scale with
over 10 million prospects throughout 18 European markets and €150 billion in
property underneath administration. The platform has achieved profitability
over the previous two years and counts Sequoia Capital and Peter Thiel’s
Founders Fund amongst its buyers.
Kamil Szymański, the Head of Commerce Republic Poland
Kamil Szymański,
who beforehand developed ETF choices at mBank’s brokerage arm, will lead
Commerce Republic’s Polish market growth. “Poland is without doubt one of the
fastest-growing economies in Europe, but households stay structurally
under-invested and face a rising pension hole,” Szymański stated
in Polish media experiences.
Revolut
can be respiratory down XTB’s neck. Though the corporate is not included in
official statistics on the variety of brokerage accounts in Poland as a result of its
Lithuanian registration, 590,000 individuals within the nation presently use the
Revolut Make investments service, simply 25,000 fewer than XTB.
Native Brokers Slash Charges
in Response to Competitors
The arrival
of Commerce Republic has intensified an already heated pricing battle amongst Polish
brokers, with established gamers scrambling to match aggressive choices on
funding prices.
Simply days
earlier than Commerce Republic’s Polish launch, mBank’s brokerage arm sparked the payment
battle by eliminating commissions on ETF buying and selling inside IKE and IKZE retirement
accounts by way of February 28, 2026. The transfer focused foreign-listed ETFs,
the place mBank beforehand charged 0.29% fee (minimal 14 zlotys) however now
solely applies a 0.1% international alternate payment.
DM BOŚ
shortly responded with an equivalent supply, matching mBank’s zero-commission ETF
buying and selling on retirement accounts with the identical February deadline. “We
perceive buyers’ expectations and wish to present engaging funding
situations,” stated DM BOŚ representatives, although they expressed concern
concerning the route of payment competitors in Poland’s retail funding market.
The payment
reductions signify a big shift from normal Polish brokerage
pricing, the place ETF commissions sometimes match inventory buying and selling charges round 0.39%
of transaction worth. Solely BM Alior had beforehand provided zero-commission ETF
buying and selling.
Personal Markets
Entry Would possibly Add Differentiation
Commerce
Republic’s growth into wealth administration by way of its new personal
markets providing , introduced at this time (Monday), may present
extra aggressive benefits in Poland. The platform now permits
retail buyers to entry personal fairness and personal credit score funds from
Apollo and EQT with minimal investments of simply €1, in comparison with
typical institutional minimums of €10,000.
“Lengthy-term
wealth creation is extra than simply an ETF financial savings plan. It is concerning the
mixture of varied asset courses,” Hecker defined.
The corporate plans to roll out two extra asset courses over the
coming months, every 30 days aside.
The personal
markets growth addresses
a key limitation in most retail portfolios, which generally focus
solely on public shares and ETFs regardless of personal corporations representing 88%
of the general financial system. Commerce Republic affords month-to-month liquidity
by way of its inside market, versus the quarterly redemptions typical of
personal market funds.
Polish prospects
also can entry Commerce Republic’s Visa card with 1% cashback on purchases,
deposited instantly into funding financial savings plans. The platform operates as
a totally licensed European financial institution underneath German monetary regulator BaFin
supervision, with Polish operations regulated by the nation’s monetary
authority KNF.
