Mobile stock trading market projected to surpass 100B by 2029

Stock trading has emerged as a paramount focus for investors, a trend accelerated by the seismic shifts brought about by the COVID-19 pandemic. Central to this evolution is the remarkable surge in mobile trading, offering unparalleled ease and convenience to traders worldwide. According to forecasts from Stocklytics.com, this trajectory shows no signs of slowing down, with the mobile stock trading market poised to eclipse the monumental $100 billion mark by 2029.

Mobile Stock Trading Market to Surpass the $100B Mark By 2029

"The proliferation of advanced mobile technology and high-speed internet has made it easier and more convenient to trade stocks. Given that stock trading is increasingly viewed as an attractive investment opportunity, mobile trading is poised to continue escalating," commented the site’s financial analyst, Edith Reads.

Fintech dominance

2023 was a marquee moment for the digital financing space with fintech apps outperforming nearly all other applications in terms of new installs and user sessions. Fintech app installs surged by a remarkable 42% and almost 25% in sessions.

While comprising only about 2% of new installs and 5% of sessions, mobile stock trading apps played a substantial role in generating $34.98 billion in revenue by year-end. Despite this success, these mobile stock trading apps experienced a significant slump in their average number of partners, slipping from 5.5 to 3.5.

In 2022, mobile-based trading accounted for a notable 60% of all stock trading and investments, far surpassing web-based trading. This reflects the growing prevalence of smartphones as investors seek the convenience of real-time trading. Notably, Android smartphones represented 55% of all mobile trading activities that year, eclipsing iOS and other operating systems.

The mobile stock trading market is set for an impressive trajectory in the forthcoming years, with expectations of about $42.36 billion in 2024 and exceeding $133.32 billion in 2030.

Projected growth of the mobile stock trading market 2024-2033

Why is mobile stock trading becoming more appealing to investors?

The convenience of mobile stock trading apps adds to their lustre. Having a stock trading app on the phone means that users can trade anytime, anywhere, as long as they have a smartphone and an internet connection. 

This flexibility allows individuals to seize investment opportunities even while on the go, providing a significant advantage over traditional trading methods. Furthermore, trading platforms are making their services more accessible. For instance, in April 2023, X collaborated with eToro to introduce a feature enabling users to trade cryptocurrencies and stocks directly on the platform. Besides, mobile stock trading platforms provide investors with real-time market updates, including live quotes, charts, news, and analysis. This enables them to make more precise and timely trading decisions.