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The Global Discount Stock Broker Market size is predicted to reach $45 billion by 2030, growing at a CAGR of 13.6% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. A discount stock broker provides low-cost trading services, appealing to cost-conscious investors. Market demand for discount brokers has surged due to increased retail trading, driven by easy access to information and commission-free trades, making them a popular choice for both novice and experienced investors seeking affordable and efficient trading solutions are poised to propel the market growth, finds IndustryARC in its recent report, titled “Discount Stock Broker Market Size, Share & Trends Analysis Discount Stock Broker Market By Services (Order Execution, Advisory, Discretionary, Online Trading Platforms, Education and Investor Resources, Other Services), By Type of Broker (Discount, Full-Service Brokers, Robo Advisor, By Commission Structure, Commission-Free Brokers, Fixed Commission Brokers), by Mode (Online and, Offline), by Trading (Short-term Trading, Long-term Trading), By Account Types (Individual Accounts, Joint Accounts, Corporate Accounts, IRA Accounts), by End User (Retail Investor & Institutional Investor), By Region and Segment Forecasts, 2024-2030”
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APAC to Register Highest Growth:
The Asia Pacific region is anticipated to see a sustained rise in the demand for stock market investments. As financial literacy increases and individuals seek wealth accumulation, the stock market is poised to become their preferred investment choice. This phenomenon underscores the ongoing transformation of the region’s financial landscape and its inhabitants’ unwavering pursuit of financial prosperity.
For instance, The Hong Kong Confederation of Insurance Brokers estimates that at the end of 2023, the value of Hong Kong’s equity market was US$4.5 trillion, and the average daily value of equities traded was less than US$16 billion. This discrepancy between market capitalization and daily trading activity underscores the long-term investment perspective and stability that characterizes Hong Kong’s equity market, appealing to a diverse array of investors seeking secure opportunities in the region.
Discount Stock Broker Market 2024-2030: Segmentation
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Discount Stock Broker Market Report – Key Takeaways:
Advisory services in the discount stock broker market are influenced by various demand factors. These include investor preferences for low-cost trading options, increasing interest in self-directed investing, and the desire for expert guidance at reduced fees. As the market continues to evolve, the demand for such services is expected to grow, driven by cost-conscious investors seeking to maximize their returns while benefiting from professional advice.
Retail Investor is predicted to grow at higher CAGR during the forecast period. Discount stock brokers provide a budget-friendly platform for retail investors to access financial markets, offering competitive commission rates and user-friendly interfaces. This trend underscores the growing significance of low-cost brokerage services in empowering retail investors to participate in the stock market effectively while managing expenses. These cost-conscious individuals seek affordable options for trading stocks, driven by the desire to minimize fees and enhance their investment returns. Retail investors are increasingly fuelling the demand for discount stock brokerage services.
For instance, according to the World Economic Forum, retail investors accounted for 52% of worldwide assets under management in 2021, and this figure is predicted to rise to more than 61% by 2030. This indicates a growing demand for Discount Stock Broker services. Retail investors seek cost-effective and user-friendly platforms, making this market poised for expansion as more individuals engage in investment activities.
North America held significant revenue share in 2023. The surge in demand for discount stock brokers in North America can be attributed to the rising appeal of commission-free trading and user-friendly platforms. Investors are increasingly seeking cost-effective options to manage their portfolios, highlighting a growing preference for affordable and convenient investment solutions in the region.
Additionally, Schwab’s impressive $8.02 trillion in assets under management and 34.4 million active brokerage accounts, along with its no-fee mutual funds and zero-commission stock trades, exemplify the growing demand for discount stock brokers in North America. Investors seek cost-effective and convenient options, making discount brokers like Schwab a popular choice in the region.
The popularity of mobile apps in the financial sector is driven by increasing demand for convenient and accessible discount stock broker services. Factors such as user-friendly interfaces, real-time market data, and low-cost trading options have fuelled this trend, making mobile-based stock trading a sought-after choice for investors seeking affordability and flexibility.
For instance, in 2023, stock trading generated $22.8 billion in revenue, with Robinhood leading as the top-performing zero-commission platform. The user base grew by 49%, totalling over 130 million people, compared to 2023.This underscores the growing popularity of mobile apps for convenient and commission-free trading, highlighting the industry’s shift towards digital and user-friendly platforms
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Key Opportunity Analysis:
Expanding Cryptocurrency Trading Offerings is a significant opportunity for the market
Expanding cryptocurrency trading offerings presents a substantial growth opportunity for discount stock brokers. By tapping into the booming digital asset market, these brokers can attract a new wave of customers seeking diversified investment options, boost their revenue streams through trading fees and commissions, and expand their market share. This strategic move aligns with the evolving financial landscape and positions them as comprehensive platforms catering to a broader range of investment preferences.
For instance, in 2023, the University of Cambridge report estimates that 1.83% of the global population owns cryptocurrencies. This substantial ownership indicates a growing demand for cryptocurrency trading services. Expanding cryptocurrency trading offerings presents a significant opportunity for the Discount Stock Broker Market to tap into this emerging market segment, potentially driving increased customer engagement and revenue growth.
Expanding Access to International Markets Present a Lucrative Opportunities in This Market
Expanding access to international markets and offering global investing tools presents significant opportunities for discount stock brokers to attract customers seeking portfolio diversification beyond domestic stocks. By providing seamless access to a wide range of international equities, brokers can cater to investors looking for greater diversity and potentially higher returns. This strategy can tap into a growing demand for global investment options and solidify a broker’s position in the competitive financial services industry.
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The Report also Covers the Following Areas:
Discount Stock Broker Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic has had a significant impact on the discount stock broker market. As global markets experienced volatility and uncertainty, investors turned to online platforms for trading. The pandemic spurred digital trading, particularly benefiting discount stock brokers who invested in advanced platforms, such as mobile apps. For instance, in the United States, this led to a substantial increase in new accounts and trading activity, exemplified by Charles Schwab opening 1.2 million brokerage accounts in 2020. As a result of these factors, discount stock brokers saw a surge in new accounts and trading activity during the pandemic.
The Ukraine Crisis has significantly affected the discount stock broker market, causing reduced trading volumes and heightened market volatility. This has posed profitability challenges for discount stock brokers. Additionally, regulatory changes prompted by the crisis have increased the competitive hurdles for these brokers, making it harder for them to rival larger, well-established brokerage firms.
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List of Key Market Players in Discount Stock Broker Market:
The Global Discount Stock Broker Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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