Discount Brokerage Market 2024: Global Growth Drivers, Trends, and Industry Insights

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The new report published by The Business Research Company, titled Discount Brokerage Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the discount brokerage market size has grown strongly in recent years. It will grow from $23.6 billion in 2023 to $25.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The discount brokerage market size is expected to see strong growth in the next few years. It will grow to $35.76 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.

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What Is Driving The Growth Of The Global Discount Brokerage Market?

Increasing Retail Investor Participation Fueling Discount Brokerage Market Expansion
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, in October 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, retail investors represented 52% of global assets under management in 2021, and this figure is projected to increase to more than 61% by 2030. Therefore, the growing number of retail investors is driving the growth of the discount brokerage market.

What Is The Key Trend In The Global Discount Brokerage Market?

Advancements in Trading Platforms Drive Growth in the Discount Brokerage Market
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 Is The Global Discount Brokerage Market Segmented?
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

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How Is The Competitive Landscape Of The Global 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.

Contents Of The Global Discount Brokerage Market
1. Executive Summary
2. Discount Brokerage Market Report Structure
3. Discount Brokerage Market Trends And Strategies
4. Discount Brokerage Market - Macro Economic Scenario
5. Discount Brokerage Market Size And Growth
…..
27. Discount Brokerage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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