BrokerChooser Awards 2021
Presenting the shortlist across all of the categories of the 2021 BrokerChooser Awards.
Improved and extended ranking of 70+ brokers. Stay tuned for the release of
the winners, coming early December!
BrokerChooser Awards shortlist
These brokerages are in the race to become the leaders in their categories.
Brokerage Trends Highlights
The biggest impact on this year was undoubtedly COVID-19, which had a market-moving,
as well as an innovation-driving effect on brokers. The legal landscape also saw big changes,
due to Brexit and new financial regulations. Lastly, several large mergers and acquisitions were finalized,
and brokers entered new regions like Africa and the Middle East.
The impact of COVID-19 on brokers was tremendous: volatility increased,
new accounts skyrocketed, and services crashed. Brokers realized they have to
invest heavily into back-office processes to reduce lengthy account opening
times and platform outages.
Brexit and the upcoming Australian CFD regulations are reshaping the legal
landscape for brokers. Many UK brokers gained licenses in the EU to ensure
continuity of service, while some Australian brokers gained off-shore
licenses to provide clients with high leverage.
Brokerages have grown as a result of consolidation or expansion:
flatex is wrapping up its merger with Dutch giant DEGIRO;
E*TRADE now belongs to Morgan Stanley; and so on. Brokerages have
also set up new entities to expand into new regions, such as Africa or the Middle East.
- We optimized the gathering of fee data via automation
- We collected more than 20,000 data points for 70+ brokers
- We sharpened the style and quality of our content
While the whole team put in their fair share, the annual update effort was designed and overseen by
Co-founder / CPO
Bence András Rózsa
Senior Content Editor
Gyula Lencsés, CFA
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