The publicly-listed Polish brokerage firm XTB became the country’s largest brokerage by number of accounts, ending BM mBank's 15-year run at the top.

According to data from the National Depository for Securities (KDPW), XTB added 25,400 new accounts in April, pushing its total to 491,700. Meanwhile, BM mBank saw a more modest rise of 2,900 accounts.

Source: KDPW

Across the entire Polish brokerage market, account numbers grew by 33,400 to 2.11 million, although the figures do not distinguish between active and inactive users.

Strategic Push into Retirement Products

XTB's climb has been years in the making, with strategic moves to tap into growing interest in retirement and long-term investment products, local media outlet parkiet.com reported, translated using Google Translate. The broker now offers tax-advantaged retirement accounts tailored to multiple markets, including IKE in Poland, ISA in the UK, and PEA in France.

As of Q1 2025, the platform hosted 55,000 IKE accounts, indicating strong demand from long-term savers. The company reportedly introduced automated Investment Plans to help investors manage portfolios more efficiently.

These features reflect a broader trend among younger retail clients who seek accessible, goal-oriented financial tools. XTB’s product development extended beyond investment tools. In early 2025, it launched a multi-currency eWallet and card, offered in partnership with DiPocket UAB and backed by Mastercard.

The wallet allows commission-free currency exchanges, instant transfers, and global ATM access. XTB views the eWallet as a key building block in its long-term vision of becoming a one-stop financial platform.

Crypto, Options, and More Retirement Tools

In the second quarter of 2025, XTB plans to launch IKZE accounts, another form of retirement savings vehicle available in Poland. It is also working on adding options trading and direct cryptocurrency investments, expanding beyond its current offerings in CFDs and ETFs.

XTB’s rapid expansion highlights a shift in Poland’s retail investment culture. More individuals are reportedly turning to digital platforms that blend low-cost execution with access to global markets and tax-efficient savings.

The dethroning of BM mBank marks more than just a numbers game. It signals how technology, retirement savings, and changing investor behavior are reshaping competition in the brokerage space.

Source: Finance Magnates