In order to trade successfully, it is very important to choose the right broker. in Poland, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best stock brokers for beginners in Poland 2024. You can compare their features and trading conditions.
1
eToro - Best for beginners in Poland
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders from Poland:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders from Poland:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
DEGIRO - Best for beginners in Poland
DEGIRO is a Dutch investment company operating since 2008. The broker has been providing online services since 2013. Today DEGIRO is headquartered in Amsterdam and has offices in 18 European countries. Its activities are controlled by the Financial Conduct Authority (FCA, 574048), as well as regulators in the Netherlands: Financial Markets Authority (AFM, 12048408) and Central Bank (DNB, R128868). DEGIRO was awarded over 86 international awards: financial publications of Germany, France, Denmark, and the Netherlands have repeatedly recognized the company as the best stock market broker. How to open a DEGIRO account
👍 Advantages of trading with DEGIRO for traders from Poland:
•Low brokerage fees for trading stock market assets;
•The ability to open transactions on European and American exchanges;
•Simple trading platform functionality.
👎 Disadvantages of DEGIRO for traders from Poland:
•There is no online chat on the company's website.
3
Interactive Brokers - Best for beginners in Poland
Interactive Brokers is among the best-known US investment companies, operating since 1977. The broker offers to trade currency pairs, but its basic instruments are stocks, CFD, indices, metals, ETF, futures, and other exchange market assets. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA, 208159), and other international financial regulation commissions. In 2020, the broker was awarded the "Best Online Broker” (Barron's) and "Best Broker for Economical Investments" (NerdWallet) titles and got five stars in the Online Stock Trading for Traders category (Canstar). Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.
👍 Advantages of trading with Interactive Brokers for traders from Poland:
•wide range of training materials;
•access to 135 markets in 33 countries;
•a huge subset of trading instruments.
👎 Disadvantages of Interactive Brokers for traders from Poland:
•website interface is only partially translated into other languages;
•you have to pay for an inactive account;
•Support service does not work on Saturday and Sunday;
•long and complex registration procedure;
•no cent accounts for novice traders.
4
TradeStation - Best for beginners in Poland
The TradeStation Group (TradeStation) was founded in 1987 as a trading software company then-named Omega Research. After being listed in the American market, Nasdaq launched an online version, and in 2001 it began providing brokerage services for the sale of securities under the TradeStation brand. Until 2021, inclusive, the broker's trading platform was recognized ten times in a row as the best in its class by StockBrokers.com. In 2020, TradeStation was named Broker of the Year at the First Annual TradingView Broker Awards. In the same year, according to Investor's Business Daily, the company was among the Top 4 of US online stock brokers.
👍 Advantages of trading with TradeStation for traders from Poland:
•Licensed by the US Securities and Exchange Commission (SEC) and insurance coverage from the Securities Investor Protection Corporation (SIPC).
•Has a wide range of trading instruments, including cryptocurrencies, IPOs, and ETFs.
•Does not charge commissions for trading US stocks and ETFs.
👎 Disadvantages of TradeStation for traders from Poland:
•You cannot trade currency pairs.
•Regulators do not oversee TradeStation Crypto, Inc., which maintains crypto trading accounts.
•The support service does not work around the clock and only answers questions that are asked in English.
•There are only a few ways to withdraw funds, the average time of receipt of funds to a bank account is 4-5 business days.
5
Firstrade - Best for beginners in Poland
Discount broker Firstrade was founded in 1985 in the state of New York. In 1997, the company began providing online stock exchange brokerage services. Nowadays, Firstrade serves clients in 30 countries and offers a vast array of investment assets, a trading platform with an intuitive user interface, and favorable conditions for traders with different backgrounds and trading skill levels. For many years, major industry publications such as Forbes, Barron's, and Smart Money have awarded Firstrade the title of Best Online Broker. Firstrade was named Best in Class by StockBrokers.com in 2019.
👍 Advantages of trading with Firstrade for traders from Poland:
•A vast array of available assets such as stocks, options, exchange-traded funds (ETFs), mutual funds, and fixed income products.
•In addition to US and permanent residents, the broker accepts clients from 29 other countries.
•A zero-entry fee for trading stocks, options, and ETFs.
•A zero-initial deposit for trading with your funds.
•Availability of insurance coverage from SIPC.
•Access to comprehensive research instruments and analytical market reviews.
•The ability to trade from mobile devices as well as through a web browser without the need to install an application.
👎 Disadvantages of Firstrade for traders from Poland:
•The broker's clients cannot trade on international exchanges. At the moment, Firstrade only deals with securities listed on the US markets and exchanges.
•The company does not offer fractional stock trading.
•US citizens temporarily or permanently residing abroad cannot open accounts as US residents. Only international accounts are available to such traders.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
eToro Commissions and Fees
Registration on the eToro platform is free. The broker does not charge a fee for opening and closing long positions on stocks quoted at the US stock exchanges. The stocks of other markets are available as derivatives, with eToro charging a trading fee on them in the form of the spread. Also, the fees are applied to short positions and leveraged orders. The company accepts and allows withdrawals of only US dollars. If a client deposits or withdraws another currency, it is converted into USD at a fee of 0-50 pips. Members of eToro club get a 50-100% fee reduction on conversion. If a client shows no activity for a period of 12 month, the broker charges the inactivity fee of $10. There is no deposit fee. eToro charges $5 on each withdrawal.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$5 |
Yes |
|
Pro |
from $1.1 |
$5 eToro’s fee + the fees of payment systems |
DEGIRO Commissions and Fees
DEGIRO trading terms were analyzed by Traders Union analysts for the explicit and hidden commissions. There is a fee for buying and selling instruments, as well as tax on income from dividends. All DEGIRO Fees for trading stock market assets are listed in the Compare Fees section. There is also a comparison of fees between DEGIRO and other stock brokers. The company doesn’t charge a commission for funds replenishment and withdrawal, but it is charged by the bank making the transfer. DEGIRO has no commission for opening and maintaining accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
All the accounts for trading in the stock market. |
1.5$ |
There is a bank commission |
Interactive Brokers Commissions and Fees
Traders Union analysts have verified Interactive Brokers for hidden fees and assessed the commission level in the company. The company charges $20 for an inactive account if there is less than $2,000 on the account and $10 if there is more than $2,000. You can withdraw funds for free once a month; if you withdraw funds more often, you’ll have to pay a commission, the amount of which varies depending on the base currency of the account and the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Real |
From $2 |
Depending on the currency and withdrawal method |
TradeStation Commissions and Fees
The Traders Union analysts have studied in detail the conditions of TradeStation brokerage accounts and concluded that the company charges only trading commissions. The broker does not charge non-trading fees for withdrawing funds. Free trading is possible only in American stocks and ETFs. However, if the limit of 10,000 shares is exceeded, the broker will charge $0.005 per share, and when trading securities of international companies, the fee increases to $5 per trade. Additional commissions are also charged when trading through a desktop terminal if the account balance is less than $2,000.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
TS SELECT |
From $0.60 |
No |
|
TS GO |
From $0.50 |
No |
|
Crypto |
From $0.50 |
No |
Firstrade Commissions and Fees
To figure out all potential fees of the Firstrade broker, experts at the Traders Union analyzed Firstrade’s trading conditions in detail. The broker offers zero fees on trades in stocks, ETFs, and mutual funds. The online options trading fee is $0 per trade and $0 per contract. These are the commissions for placing orders with a broker: stocks and ETFs - $19.95; and options - $19.95 per trade + $0.50 per contract. As of February 2021, the SEC's trading fee is $5.10 for every $1 million in sales proceeds. The options regulation fee (ORF) is $0.0347 per contract. Firstrade charges a fee for wire transfer withdrawals: $30 for payments to US banks and $35 for international transfers.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Brokerage account |
From $0 |
Yes |
Summary
Many brokers are available for traders from Poland, but not all of them offer good conditions. In this review, TU experts chose the Best stock brokers for beginners in Poland 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Stock Brokers For Beginners in Poland
| eToro | DEGIRO | Interactive Brokers | TradeStation | Firstrade | |
|---|---|---|---|---|---|
|
Overall score |
7.75 |
7.57 |
7.45 |
6.79 |
5.89 |
|
Execution of orders |
9.1 |
9.3 |
8.8 |
7.7 |
6.89 |
|
Investment instruments |
9.7 |
9.9 |
9.4 |
8.3 |
7.31 |
|
Withdrawal speed |
9.5 |
9.7 |
9.2 |
8.1 |
6.95 |
|
Customer Support work |
9.3 |
9.5 |
9 |
7.9 |
7.25 |
|
Variety of instruments |
9 |
9.2 |
8.7 |
7.6 |
6.73 |
|
Trading platform |
9.8 |
10 |
9.5 |
8.4 |
7.47 |
|
|
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FAQ
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Can you earn passive income in the financial markets?
Yes, the best brokers in Poland offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best Stock Brokers For Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.