Estimated penetration rate of neobrokers in select countries worldwide 2023

Estimated penetration rate of neobrokers in select countries worldwide in 2023

Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Supplementary notes

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

Citation formats
Use Statista now: unlimited access to all content

Statistics on " Swedish financial sector "

Other statistics that may interest you Swedish financial sector

Overview

4

Banks

5

Corporate financing

5

Insurance companies

4

Investment funds

5

Stock market

5

Further related statistics

7
Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.