Comparing the 46 selected regions regarding the penetration rate in the 'Neobrokers' segment of the fintech market, Ireland is leading the ranking (23.47 percent) and is followed by the United States with 19.01 percent. At the other end of the spectrum is Russia with 0.5 percent, indicating a difference of 22.97 percentage points to Ireland.
Data provided by Statista Market Insights are estimates.
Definition:
Neobrokers are a type of brokerage firm that operates solely in the digital space. They typically position themselves as online brokers, trading platforms, social trading platforms, or retail investment platforms. Neobrokers offer online trading and investment services, often at a lower cost than traditional brick-and-mortar brokerage firms. They typically provide access to a wide range of financial products, such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs), and may also offer financial planning and investment advice.
Neobrokers require digital onboarding of its clients and do not have physical branches to provide consultations and services to their customers. Given the nature of online trading activities, neobroker services can be accessed either via a mobile app or via a desktop website.
Additional Information:
Key players in this market are Robinhood, SoFi and eToro.Within our market scope, we focus only on those neobrokers that provide either exclusively B2C or both B2B and B2C services, those that solely work with B2B clients are excluded from the market
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Statista Digital Market Insights. (January 22, 2024). Estimated penetration rate of neobrokers in select countries worldwide in 2023 [Graph]. In Statista. Retrieved December 27, 2024, from https://www.statista.com/forecasts/1313058/neobrokers-estimated-penetration-rate-in-select-countries
Statista Digital Market Insights. "Estimated penetration rate of neobrokers in select countries worldwide in 2023." Chart. January 22, 2024. Statista. Accessed December 27, 2024. https://www.statista.com/forecasts/1313058/neobrokers-estimated-penetration-rate-in-select-countries
Statista Digital Market Insights. (2024). Estimated penetration rate of neobrokers in select countries worldwide in 2023. Statista. Statista Inc.. Accessed: December 27, 2024. https://www.statista.com/forecasts/1313058/neobrokers-estimated-penetration-rate-in-select-countries
Statista Digital Market Insights. "Estimated Penetration Rate of Neobrokers in Select Countries Worldwide in 2023." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1313058/neobrokers-estimated-penetration-rate-in-select-countries
Statista Digital Market Insights, Estimated penetration rate of neobrokers in select countries worldwide in 2023 Statista, https://www.statista.com/forecasts/1313058/neobrokers-estimated-penetration-rate-in-select-countries (last visited December 27, 2024)
Estimated penetration rate of neobrokers in select countries worldwide in 2023 [Graph], Statista Digital Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1313058/neobrokers-estimated-penetration-rate-in-select-countries
