discount brokerage market, global discount brokerage market, discount brokerage market statistics, discount brokerage market forecast, discount brokerage market size, discount brokerage market overview
At what pace is the discount brokerage market growing, and what is its estimated value?
The discount brokerage market size has grown strongly in recent years. It will grow from $25.63 billion in 2024 to $27.9 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to zero-commission trades, expansion of fractional shares, increasingly offer cryptocurrency trading options, expand their educational offerings, and increasing disposable income.
The discount brokerage market size is expected to see strong growth in the next few years. It will grow to $38.79 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to use of gamification techniques, focus on retirement planning and savings, focus on sustainable and impact investing, expansion of high-speed internet access, and lower operational costs. Major trends in the forecast period include blockchain technology, artificial intelligence, personalization of services, integration of fintech solutions, and advanced analytics tools.
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Which Market drivers have played a significant role in driving the discount brokerage market?
The growing number of retail investors is expected to propel the growth of the discount brokerage going forward. Retail investors are individual, non-professional investors who buy and sell securities, such as stocks, bonds, mutual funds, and other financial instruments, for their personal accounts rather than for an organization or institution. Retail investors are in light with the rise of technology-based platforms and services that have made investing more accessible and appealing to a wider audience. Discount brokerage services reduce trading costs for retail investors by offering low fees, enabling more people to participate in the stock market and manage investments independently. For instance, according to the BNY, a US-based financial services company, an online survey conducted in February 2022 sampled 2,000 U.S. retail investors nationwide, all of whom had at least $10,000 in investible assets. Therefore, the growing number of retail investors is driving the growth of the discount brokerage market.
What are the key segments within the discount brokerage market?
The discount brokerage market covered in this report is segmented –
1) By Mode: Online Discount Brokerage Service, Offline Discount Brokerage Service
2) By Service: Order Execution And Advisory, Discretionary, Online Trading Platforms, Education And Investor Resources
3) By Commission: Commission-Free Brokers, Fixed Commission Brokers
4) By Application: Individual, Enterprise, Government Agencies
Subsegments:
1) By Online Discount Brokerage Service: Web-Based Platforms, Mobile Trading Apps, Robo-Advisory Services, Cryptocurrency Trading Platforms, Direct Market Access (DMA) Platforms
2) By Offline Discount Brokerage Service: Telephone-Based Brokerage, Branch-Based Brokerage Services, In-Person Advisory Services
3) By Hybrid Brokerage (Combination Of Offline And Online)
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Which key players are shaping the discount brokerage market?
Major companies operating in the discount brokerage market are Fidelity Investments Inc., Charles Schwab Corporation, Ally Financial Inc., TD Ameritrade Holding Corporation, Interactive Brokers Group Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, SoFi Technologies Inc., Robinhood Markets Inc., IG Group Holdings plc, Citadel Securities LLC, NerdWallet Inc., Acorns Grow Inc., TradeStation Group Inc., Apex Fintech Solutions LLC, Stash Financial Inc., Saxo Bank A/S, Public Holdings Inc., Wealthfront Inc., Alice Blue Financial Services Private Limited, Folio Investments Inc., OANDA Corporation, eOption, Tastytrade Inc., Zacks Investment Research Inc.
Which transformative trends will shape the discount brokerage market landscape?
Major companies operating in the discount brokerage market are focusing on developing advanced web-based trading platforms to enhance trading efficiency. A web-based trading platform is an online software application that allows users to buy and sell financial instruments, such as stocks, bonds, options, futures, and cryptocurrencies, over the internet. For instance, in September 2023, HDFC Securities, an India-based financial services company, launched HDFC SKY. HDFC SKY is a discount broking all-in-one mobile app with a flat pricing model for intraday and delivery trades. It offers access to various investment options and includes advanced technology for a seamless trading experience.
How do regional factors impact the discount brokerage market, and which region is the largest contributor?
South America was the largest region in the discount brokerage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the discount brokerage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Discount Brokerage Market Report 2025 Offer?
The discount brokerage market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Discount brokerage refers to a type of brokerage service that allows investors to buy and sell securities, such as stocks and bonds, at reduced commission rates compared to full-service brokers. These services offer fewer advisory and personalized services, focusing instead on executing trades for clients at lower costs. Discount brokers provide online trading platforms, allowing investors to manage their portfolios and make investment decisions independently, making them an attractive option for cost-conscious and self-directed investors.
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