Revolut has
overtaken 34 traditional Polish brokerage firms to claim the second-largest
market position, though the fintech challenger still lags behind industry
leader XTB in the race for retail trading customers.
Data from
Poland’s Central Securities Depository (KDPW) shows XTB held nearly 615,000
Polish market accounts at the end of August, compared to Revolut’s newly
disclosed 590,000 investment accounts. The 25,000-account gap represents a
competitive battlefield where XTB’s 62% year-to-date growth rate outpaces
Revolut’s 45% expansion.
This week
marked the first time Revolut has publicly disclosed the size of its Polish
investment business, revealing 590,000 users have registered trading accounts
for stocks, ETFs and bonds within its app. The figure provides the clearest
picture yet of how the fintech giant’s brokerage operation stacks up against
established competitors.
The
disclosure confirms Revolut has surpassed all traditional Polish brokerages
except XTB, including mBank’s brokerage arm with 490,682 accounts, Bank Pekao’s
division with 205,838 accounts, and ING Bank’s trading platform with 200,373
accounts. The remaining 31 brokerages in KDPW data hold significantly smaller
market shares.
Institution
Accounts (August 2025)
Monthly Change
Annual Change
XTB S.A.
614,962
+34,495
+334,963
Revolut
590,000*
N/A
+181,034*
mBank Biuro Maklerskie
490,682
+2,443
+43,141
BM Pekao
205,838
+986
+1,431
ING Bank Śląski BM
200,373
+853
+11,274
BOS Dom Maklerski
179,952
+801
+20,906
Other 29 brokerages
564,779
+2,928
+30,874
Total Market (with Revolut)
2,846,586
+41,506
+623,623
*Revolut
data based on company disclosure; annual change calculated from reported 45%
growth
Revolut is
not included in the KDPW statistics because it operates under Lithuanian
financial regulation, not Polish. Moreover, Revolut’s investment accounts are
part of its broader European banking operation, while firms in KDPW stats are
primarily focused on brokerage services under Polish jurisdiction.
Revolut’s
investment platform serves as just one component of its broader Polish
operation, which counts 4.5 million total users across all services. This
massive customer base creates substantial potential for converting banking
clients into active traders without requiring new customer acquisition.
In this comparison, XTB clearly falls behind Revolut, which has a total of 1.7 million users worldwide. However, it is worth remembering that Revolut is primarily a neobank, while XTB is an investment service. And although XTB aspires to become an all-in-one super financial app like Revolut, it is still far from competing with the UK’s fintech nearly 50 million global user base.
XTB Maintains Commanding
Lead Despite Competition
While
Revolut has successfully captured the number two position, XTB’s dominance
remains clear with its 25,000-account advantage and superior growth momentum.
The Polish-founded platform added 334,963 accounts year-over-year compared to
traditional competitors like mBank’s 43,141 annual increase.
XTB’s
success has been driven by aggressive international expansion and marketing
campaigns targeting retail investors across Europe. The company’s focus on
contract-for-difference trading and user-friendly platforms has attracted both
novice and experienced traders.
Related: Revolut Hits $75 Billion Valuation as Staff Cash Out Big
Young Investors Drive
Market Growth
Revolut’s also
revealed shifting investment preferences among Polish millennials and Gen Z
users, with 59% of the platform’s equity investors falling into the 18-34 age
bracket. These younger clients favor diversified portfolios, allocating 28% of
holdings to exchange-traded funds compared to older demographic groups.
Among 18-24
year olds surveyed, 27% identified stocks as their primary wealth-building
vehicle, slightly ahead of real estate at 25%. This represents a generational
shift from older investors aged 34-54, where 39% prioritize property
investments.
Rolandas Juteika, Head of Wealth & Trading for Europe at Revolut
“We’re
seeing a clear change in how young people approach wealth building,” said
Rolandas Juteika, Head of Wealth & Trading for Europe at Revolut.
“They’re not waiting to buy a home before starting to invest. They begin
much earlier with smaller amounts using tools that were once exclusive to
professional investors.”
Social Media Influences
Trading Decisions
The survey
found that social media serves as the primary investment information source for 21%
of Polish Gen Z investors, creating both opportunities and risks in the retail
trading space.
Among all
respondents, 27% reported losing money following online financial advice, with
younger investors aged 18-24 experiencing a higher 29% loss rate. While most
losses remained below 4,300 zloty, 6% of young traders reported losses
exceeding 21,500 zloty.
Polish
investors expressed primary concerns about online financial advice, with 48%
citing fraud and scams, 29% worried about pyramid schemes, and 27% concerned
about misleading opinions. Younger investors specifically feared pump-and-dump
price manipulation schemes at a 27% rate.
Revolut has
overtaken 34 traditional Polish brokerage firms to claim the second-largest
market position, though the fintech challenger still lags behind industry
leader XTB in the race for retail trading customers.
Data from
Poland’s Central Securities Depository (KDPW) shows XTB held nearly 615,000
Polish market accounts at the end of August, compared to Revolut’s newly
disclosed 590,000 investment accounts. The 25,000-account gap represents a
competitive battlefield where XTB’s 62% year-to-date growth rate outpaces
Revolut’s 45% expansion.
This week
marked the first time Revolut has publicly disclosed the size of its Polish
investment business, revealing 590,000 users have registered trading accounts
for stocks, ETFs and bonds within its app. The figure provides the clearest
picture yet of how the fintech giant’s brokerage operation stacks up against
established competitors.
The
disclosure confirms Revolut has surpassed all traditional Polish brokerages
except XTB, including mBank’s brokerage arm with 490,682 accounts, Bank Pekao’s
division with 205,838 accounts, and ING Bank’s trading platform with 200,373
accounts. The remaining 31 brokerages in KDPW data hold significantly smaller
market shares.
Institution
Accounts (August 2025)
Monthly Change
Annual Change
XTB S.A.
614,962
+34,495
+334,963
Revolut
590,000*
N/A
+181,034*
mBank Biuro Maklerskie
490,682
+2,443
+43,141
BM Pekao
205,838
+986
+1,431
ING Bank Śląski BM
200,373
+853
+11,274
BOS Dom Maklerski
179,952
+801
+20,906
Other 29 brokerages
564,779
+2,928
+30,874
Total Market (with Revolut)
2,846,586
+41,506
+623,623
*Revolut
data based on company disclosure; annual change calculated from reported 45%
growth
Revolut is
not included in the KDPW statistics because it operates under Lithuanian
financial regulation, not Polish. Moreover, Revolut’s investment accounts are
part of its broader European banking operation, while firms in KDPW stats are
primarily focused on brokerage services under Polish jurisdiction.
Revolut’s
investment platform serves as just one component of its broader Polish
operation, which counts 4.5 million total users across all services. This
massive customer base creates substantial potential for converting banking
clients into active traders without requiring new customer acquisition.
In this comparison, XTB clearly falls behind Revolut, which has a total of 1.7 million users worldwide. However, it is worth remembering that Revolut is primarily a neobank, while XTB is an investment service. And although XTB aspires to become an all-in-one super financial app like Revolut, it is still far from competing with the UK’s fintech nearly 50 million global user base.
XTB Maintains Commanding
Lead Despite Competition
While
Revolut has successfully captured the number two position, XTB’s dominance
remains clear with its 25,000-account advantage and superior growth momentum.
The Polish-founded platform added 334,963 accounts year-over-year compared to
traditional competitors like mBank’s 43,141 annual increase.
XTB’s
success has been driven by aggressive international expansion and marketing
campaigns targeting retail investors across Europe. The company’s focus on
contract-for-difference trading and user-friendly platforms has attracted both
novice and experienced traders.
Related: Revolut Hits $75 Billion Valuation as Staff Cash Out Big
Young Investors Drive
Market Growth
Revolut’s also
revealed shifting investment preferences among Polish millennials and Gen Z
users, with 59% of the platform’s equity investors falling into the 18-34 age
bracket. These younger clients favor diversified portfolios, allocating 28% of
holdings to exchange-traded funds compared to older demographic groups.
Among 18-24
year olds surveyed, 27% identified stocks as their primary wealth-building
vehicle, slightly ahead of real estate at 25%. This represents a generational
shift from older investors aged 34-54, where 39% prioritize property
investments.
Rolandas Juteika, Head of Wealth & Trading for Europe at Revolut
“We’re
seeing a clear change in how young people approach wealth building,” said
Rolandas Juteika, Head of Wealth & Trading for Europe at Revolut.
“They’re not waiting to buy a home before starting to invest. They begin
much earlier with smaller amounts using tools that were once exclusive to
professional investors.”
Social Media Influences
Trading Decisions
The survey
found that social media serves as the primary investment information source for 21%
of Polish Gen Z investors, creating both opportunities and risks in the retail
trading space.
Among all
respondents, 27% reported losing money following online financial advice, with
younger investors aged 18-24 experiencing a higher 29% loss rate. While most
losses remained below 4,300 zloty, 6% of young traders reported losses
exceeding 21,500 zloty.
Polish
investors expressed primary concerns about online financial advice, with 48%
citing fraud and scams, 29% worried about pyramid schemes, and 27% concerned
about misleading opinions. Younger investors specifically feared pump-and-dump
price manipulation schemes at a 27% rate.
