In recent years, the rise of digital trading platforms has transformed the way people invest and trade stocks. Brokerage trading platforms have become increasingly popular due to their ease of use, accessibility, and low fees.
In this blog post, we will explore brokerage trading platform statistics that highlight the impact of these platforms on the financial industry.
Key Brokerage Trading Platforms Statistics 2023 – MY Choice
- In 2020, the global online trading market was valued at approximately $10.4 billion, with the United States being the largest market.
- According to a survey by Statista, in 2021, 47% of retail investors in the US used online brokerage platforms to trade stocks and other securities.
- The number of active accounts on the popular trading platform Robinhood increased by over 600% in 2020, reaching a total of 13 million users.
- TD Ameritrade reported a 154% increase in daily average revenue trades (DARTs) during the first quarter of 2021 compared to the same period in 2020.
- In 2020, E*TRADE saw a record number of new accounts opened, with over 1 million accounts added in the first quarter alone.
- Interactive Brokers reported a 50% year-over-year increase in accounts in the fourth quarter of 2020, with a total of 1.3 million accounts.
- In 2020, the trading volume on the London Stock Exchange increased by 4% compared to 2019, with an average of £9.8 billion traded per day.
- In the first quarter of 2021, the daily trading volume on the New York Stock Exchange (NYSE) was approximately 1.4 billion shares, a 35% increase from the same period in 2020.
- The global options trading market is expected to grow at a CAGR of 10.4% from 2021 to 2028, reaching a market value of $9.29 billion by the end of the forecast period.
- In a survey by J.D. Power, Charles Schwab was ranked highest in investor satisfaction with self-directed brokerage firms for the sixth year in a row.
Brokerage Trading Platforms Statistics:
Table 1: Brokerage Trading Platforms Market Statistics
| Statistic | Value |
|---|---|
| Share of global stock market capitalization represented by the United States | 54.5% |
| Change in global market cap from 2017 to 2018 | -14.9% |
| Percentage of global market capitalization accounted for by top stock exchanges in 2015 | >87% |
| Change in equity holdings of top 0.1% wealthiest US citizens from 2015 to 2018 | +5% |
| Change in share of world equity market represented by the United States in the past decade | +15% |
| Length and recovery time for market drops of over 40% | 22 months and 58 months, respectively |
| Share of world market cap represented by the United States on election day | 36.53% |
| Definition and characteristics of a stock market correction | A market decline of 10-20% with an average length of 92 days and average decline of 14.8% in stock market value percentage |
| Ranking of healthcare and consumer discretionary in terms of global market capitalization | Second with 13.44% and third with 12.7%, respectively |
| Average annual after inflation returns in Australia in the past century | 7.5% |
| Best performing market in 2020 in terms of price return | South Korea with 37.9% |
| Number of currency pairs comprising 68% of forex markets trading volume | 7 |
| Percentage of global forex market represented by retail forex trading | 5.5% |
| Total value of cryptocurrency markets | $201 billion |
Table 2: Brokerage Trading Platforms Software Statistics
| Statistic | Value |
|---|---|
| Percentage of forex traders using Windows compatible trading platforms | 85% |
| Popularity of Android and Samsung among traders compared to iOS and other devices | Android is 3% more popular than iPhones and Samsung is more popular than other devices |
Table 3: Brokerage Trading Platforms Adoption Statistics
| Statistic | Value |
|---|---|
| Percentage of US population owning stocks | Over 50% |
| Percentage of people in Europe who have invested in stocks | Lower than in the US, with only Estonia having over 50% involvement |
| Percentage of households invested in stocks in most countries | 15-35% |
Table 4: Brokerage Trading Platforms Latest Statistics
| Statistic | Value |
|---|---|
| Increase in Charles Schwab’s number of clients over the last year after acquisition of TD Ameritrade | 127% |
| Percentage increase in Coinbase’s assets under management from September 2020 to 2021 | 608% |
| Percentage increase in Robinhood’s assets from 2020 to 2021 | 311% |
| Percentage increase in Robinhood’s assets from 2020 to 2021 | 311% |
| Change in number of clients for Charles Schwab, Fidelity, and Robinhood from 2020 to 2021 | 127%, 23%, and 150%, respectively |
| Percentage of Robinhood’s total clients who are monthly transacting users | Slightly over 10% |
| Percentage of US households holding international equity | About 10% |
| Change in percentage of household equity holdings owned by middle class citizens from 1989 to 2016 | From 15% to just over 5% |
| Time required for recovery after a 10-20% market drop and a 20-40% decline | Four months and 15 months, respectively |
When it comes to trading in the stock market, there are a plethora of brokerage trading platforms to choose from. In fact, there are approximately 100 brokerage trading platforms currently available. Below, we will take a closer look at some of the statistics surrounding these platforms.
- According to a survey conducted by Investopedia, the most popular brokerage trading platforms are Fidelity, Charles Schwab, and E*TRADE.
- The total assets under management (AUM) for brokerage trading platforms in the U.S. was over $21 trillion in 2019.
- In 2020, Robinhood became the most popular brokerage trading platform for new investors, with over 13 million users.
- The average trading volume on the New York Stock Exchange (NYSE) in 2020 was 1.4 billion shares per day.
Brokerage Trading Platforms Facts:
- Brokerage trading platforms have revolutionized the way people invest in the stock market. These platforms allow individuals to easily buy and sell stocks, exchange-traded funds (ETFs), and other securities.
- Most brokerage trading platforms charge a commission or a fee for each transaction made. However, some platforms offer commission-free trading.
- Many brokerage trading platforms offer educational resources and tools to help investors make informed decisions.
Brokerage Trading Platforms Benefits:
- One of the biggest benefits of using a brokerage trading platform is the convenience it provides. Investors can easily manage their portfolios from their computers or smartphones.
- Another benefit is the ability to access real-time market data and news, which can help investors make more informed decisions.
- Brokerage trading platforms also offer a wide range of investment options, including stocks, bonds, ETFs, mutual funds, and more.
Brokerage Trading Platforms Trends:
- The use of mobile trading apps has been on the rise in recent years. In fact, a report from Statista found that the number of mobile trading app users in the U.S. is expected to reach over 36 million by 2023.
- Another trend in the industry is the rise of commission-free trading. Several brokerage trading platforms, including Robinhood and Webull, now offer commission-free trading.
Brokerage Trading Platforms Adoption:
- The adoption of brokerage trading platforms has been widespread, with millions of users around the world.
- The COVID-19 pandemic has further accelerated the adoption of these platforms, as more people look to invest in the stock market from the safety of their homes.
| Metric | Value |
|---|---|
| Communication technologies | 10.79% |
| Share repurchases in 2019 | $709 billion |
| S&P 500 returns by year of presidential term | 1st year: 5.2% <br> 2nd year: 4.8% <br> 3rd year: 12.8% <br> 4th year: 5.7% |
| US stocks return | 6.2% |
| Individuals leaving and entering | Leaving: % of total individuals <br> Entering: % of total individuals <br> 617,549 |
| Total firms at end of year | 3,435 |
| Brokers median pay (as of 2019) | $62,270 per year |
| USD on one side of forex trades | 88% |
| Female forex traders outperform male traders | 1.8% |
| Retail traders using MetaTrader 4 or 5 | 54% |
| Forex trading in major financial hubs | UK, US, Hong Kong, Singapore, and Japan: 79% |
| UK contribution to forex trading turnover | 43.1% |
| Major forex pairs’ share of transactions | 7 pairs: 68% |
| Most frequently traded currency pairs | USD vs EUR: 24% <br> USD vs JPY: 17.8% <br> USD vs GBP: 9.3% <br> USD vs AUD: 5.2% <br> USD vs CAD: 4.3% <br> USD vs CNY: 3.8% <br> USD vs CHF: 3.6% |
| Emerging currencies’ share of forex turnover | 2016: 21% <br> 2022: 24.5% |
| Retail forex traders who lose money | Average of 71% |
| Retail forex traders who achieve capital gains | 29% |
| Forex traders who fail to make profits for more than 4 continuous quarters | 99% |
Brokerage Trading Platforms Market Analysis:
- The brokerage trading platform market is highly competitive, with many platforms vying for market share.
- The market is also highly regulated, with platforms having to comply with a range of rules and regulations to ensure investor protection.
Brokerage Trading Platforms Demographics:
- The demographics of brokerage trading platform users vary widely, with investors of all ages and income levels using these platforms.
- However, younger investors are more likely to use mobile trading apps, while older investors tend to prefer desktop platforms.
Brokerage Trading Platforms Software:
- The software used by brokerage trading platforms is highly sophisticated, with advanced algorithms and data analysis tools used to make investment decisions.
- Many platforms also use artificial intelligence (AI) and machine learning to provide personalized investment recommendations to users.
Brokerage Trading Platforms Opportunities:
- The growth of the brokerage trading platform market presents many opportunities for new and existing platforms.
- There is also a growing demand for socially responsible investing (SRI), which presents an opportunity for platforms to offer SRI options to investors.
Brokerage Trading Platforms Challenges:
- One of the biggest challenges facing brokerage trading platforms is cybersecurity. With so much sensitive financial information being stored on these platforms, the risk of a cyber attack is high.
- Another challenge is the need to comply with ever-changing regulations, which can be time-consuming and costly.
Growth and Market Size of Brokerage Trading Platforms
- The global online brokerage market size was valued at $14.48 billion in 2020 and is expected to reach $18.76 billion by 2025, growing at a CAGR of 5.3% during the forecast period (2020-2025).
- The number of online brokerage accounts in the United States has increased from 16.7 million in 2010 to 51.2 million in 2020, representing a growth rate of 206%.
- The top 5 online brokerage firms in the United States (E*TRADE, TD Ameritrade, Charles Schwab, Fidelity, and Interactive Brokers) account for over 70% of the market share.
- The average daily trading volume on online brokerage platforms in the United States was 6.14 billion shares in 2020, up from 4.81 billion shares in 2019.
- The global trading platform market is expected to reach $17.85 billion by 2023, growing at a CAGR of 13.3% from 2018 to 2023.
User Demographics and Trading Habits
- The average age of online brokerage platform users is 37 years old
- Men make up a larger portion of online brokerage platform users than women. In the United States, men account for 64% of users, while women account for 36%.
- 62% of online brokerage platform users have a bachelor’s degree or higher.
- The majority of online brokerage platform users (70%) have a household income of over $75,000 per year.
- In the United States, the average account size for online brokerage platform users is $135,000.
- 74% of online brokerage platform users consider themselves to be “self-directed” investors, while 26% consider themselves to be “guided” investors who seek advice from financial professionals.
Trading Volume and Activity
- The most commonly traded stocks on online brokerage platforms in the United States are Apple, Amazon, and Tesla.
- Online brokerage platform users in the United States traded an average of 424 times per year in 2020, up from 366 times per year in 2019.
- The average trade size on online brokerage platforms in the United States was $2,228 in 2020, up from $1,857 in 2019.
- 72% of online brokerage platform users in the United States trade equities, while 19% trade options, and 9% trade other securities.
- The percentage of online brokerage platform users who have made a trade on a mobile device has increased from 12% in 2015 to 25% in 2020.
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