The global penetration rate in the 'Neobrokers' segment of the fintech market was forecast to increase between 2024 and 2028 by in total 0.2 percentage points. This overall increase does not happen continuously, notably not in 2027 and 2028. The indicator is estimated to amount to 7.43 percent in 2028. Notably, the penetration rate of the 'Neobrokers' segment of the fintech market was continuously increasing over the past years.
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
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista Digital Market Insights. (January 22, 2024). Penetration rate of neobrokers Worldwide 2018-2028 [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/forecasts/1315157/neobrokers-estimated-penetration-rate-worldwide-2017-2027
Statista Digital Market Insights. "Penetration rate of neobrokers Worldwide 2018-2028." Chart. January 22, 2024. Statista. Accessed November 04, 2024. https://www.statista.com/forecasts/1315157/neobrokers-estimated-penetration-rate-worldwide-2017-2027
Statista Digital Market Insights. (2024). Penetration rate of neobrokers Worldwide 2018-2028. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/forecasts/1315157/neobrokers-estimated-penetration-rate-worldwide-2017-2027
Statista Digital Market Insights. "Penetration Rate of Neobrokers Worldwide 2018-2028." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1315157/neobrokers-estimated-penetration-rate-worldwide-2017-2027
Statista Digital Market Insights, Penetration rate of neobrokers Worldwide 2018-2028 Statista, https://www.statista.com/forecasts/1315157/neobrokers-estimated-penetration-rate-worldwide-2017-2027 (last visited November 04, 2024)
Penetration rate of neobrokers Worldwide 2018-2028 [Graph], Statista Digital Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1315157/neobrokers-estimated-penetration-rate-worldwide-2017-2027