While traditional brokerage firms have long dominated the investing landscape, neobroker apps are emerging as a popular alternative in return, hitting new milestones.
In particular, data acquired by Finbold on March 28 indicates that six leading investment applications have recorded a cumulative 131.22 million downloads globally since their inception, with the downloads covering the period between 2015 and February 2023.
A review of the apps indicates that Robinhood is the most downloaded platform at 50.08 million or 38% of the downloads recorded by the top neoboker apps. Webull ranks second with almost half of Robinhood’s downloads at 22.52 million, while eToro ranks third with 21.93 million downloads. Plus 500 is fourth with 19.55 million downloads. E*TRADE has the fifth-highest number of downloads at 10.60 million, while SoFi lies sixth at 6.54 million.
The implication of 100 million downloads milestone
The achievement of hitting over 100 million downloads is a testament to the growing popularity of neobroker apps and the increasing number of people turning to these platforms to manage their investment portfolios. Apps have become an increasingly important segment of the investing landscape.
Denne historien er fra May 2023-utgaven av Business Today Sri Lanka.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2023-utgaven av Business Today Sri Lanka.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Vision Care Expands Branch Network with New Wennappuwa City branch
Vision Care opened its newest branch in Wennappuwa, further expanding its network of accessible, top-quality vision care services across the country.
HNB Wins' Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs'
HNB was honored with the titles of 'Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs at the Euromoney Awards for Excellence 2024.
People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'
In the current fast-paced environment, the ability to promptly access vital information can greatly expedite financial transactions.
HNB Partners with John Keells CG Auto
HNB has strategically partnered with John Keells CG Auto (JKCG Auto) to offer innovative leasing solutions for their BYD vehicle range.
Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India
The Pathfinder Foundation presented the Sinhala translation of Dr. S. Jaishankar's seminal work, The India Way: Strategies for an Uncertain World, (ඉන්දීය. මාවත අවිනිශ්චිත ලෝකයක උපාය මාර්ග) to the visiting Indian External Affairs Minister during a ceremony in Colombo.
SLT-MOBITEL Nebula Institute of Technology recognized on Campus Chapter as the tenth IET
SLT-MOBITEL Institute Nebula of Technology, the education arm of SLTMOBITEL, has achieved a significant milestone by being recognized as the tenth IET on Campus Chapter.
People's Bank Relaunches Multiple Enhanced Services for Migrant Workers
People's Bank Celebrated World Children's Day by relaunching 'Ethera Udana Minors' Foreign Currency Account with new features.
EU Delegation Commits to Strengthen Sri Lanka-EU Relations, Extends Presidential Greetings from Key European Leaders
President Anura Kumara Dissanayake met with the European Union (EU) Delegation, led by EU Ambassador Carmen Moreno.
ADB Delegation Meets President Dissanayake, Pledges Continued Support for Sri Lanka's Economic Development
The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake.
Sri Lanka Secures USD 200 Million from World Bank's IDA for Second Phase of RESET Program
The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program.
