Poland’s third largest bank (by assets) BRE Bank has announced that it is entering the game of FX derivatives by launching an online trading platform for its clients. BRE Bank is the fourth major banking giant (Polish) to enter the world’s most liquid market. Poland has a strong domestic investor base, with many investors transacting on the Warsaw Stock Exchange.
BRE Bank is owned by Germany’s Commerzbank, domestically BRE Bank is part of a large consortium of financial services firms, its online banking unit(mbank) for retail clients boasts 2 million clients.
Poland is an advanced market for online Forex trading, its home to one of the fastest growing global brokers XTB. Two major brokers have been operating in the Polish FX space such as XTB and TMS, both have been working to cater to Poland’s vast online trading community.
BRE Banks online trading division is active on the domestic warsaw stock exchange, they (BRE Bank) found that clients were showing a significant interest in online FX trading and consequently the bank made a decision to enter the market. “Our customers often asked about forex trading. We decided to provide such offer for them”, says Jaroslaw Kowalczuk, president of BRE Bank Securities.
BRE Bank SA shares are trading at 311.90 in Poland.
BRE Bank uses the existing technology available, Jaroslaw adds “ Introducing access to forex market we decided to use the (currently) best platform MT4 and ECN model, which are beneficial solutions for customer”.
BRE Banks FX offering consists of:
-4 platforms( BRe TRADER ECN, BRE WEB TRADER, I-Phone BRe TRADER ECN, Android BRe TRADER ECN)
-forex(57 pairs )
-spread staring from 0, commission is 0,0050%
- CFD(world indices- 17, commodities – 22 instruments)
The BRE Bank Group comprises specialized companies, direct or indirect subsidiaries of BRE Bank. The services of the Group provide a comprehensive financial offer tailored to the needs of corporate clients, Private Banking clients, and retail clients. BRE Bank Securities (Dom Inwestycyjny BRE Banku) offers all brokerage services available in the Polish capital market. We serve individual and institutional investors, both Polish and foreign. Thanks to our robust infrastructure, highly trained and experienced staff and advanced information technology, we have been strengthening our standing in the market for brokerage services year by year. Our average share of the WSE’s trading volumes is 6% for stocks and 12% for derivatives.
Forex Magnates research team have a written a detailed analysis of Poland and other Eastern European nations.