2022-04-28
BrokerChooser’s analyst team is constantly on the lookout for emerging trends in the retail brokerage world. We went digging deep in publicly available databases to see the differences between US and EU brokerage markets.
Using publicly available data from brokerages, we compared the influx of new clients and changes in revenue in 2020 between the two regions. Read on to learn what we’ve found.
Most US brokers have 10 or more times larger client bases than most EU brokers.
Notes to the chart:
Source: Quarterly results of brokers available publicly
Despite the significant increase in broker accounts and trading activity, most US brokers couldn’t increase their profitability, as many cut their commissions in late 2019.
Note to the chart:
Source: Quarterly results of brokers available publicly
You can download our findings here.