Great potential for securities transactions via smartphone

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Banks are in a good starting position in the competition for securities trading. Although a majority (57 percent) say they do not conduct any securities transactions at all, the rest mainly use the services of their main bank. One in five (20 percent) speaks to an advisor in the branch, 14 percent use their own bank's online depot and 11 percent process orders with their bank by phone. Only 8 percent use an online broker that does not belong to their own bank, and 5 percent increasingly rely on app-based neo-brokers such as Trade Republic, Smart Broker or Just Trade.

Overall, those who buy and sell stocks or other lebanon gambling data securities in any of these ways also criticize the offer. Only 47 percent say that the fees are transparent. "Financial experts have been complaining for many years that Germans do not invest enough in stocks and other securities and that too small a proportion of the population is participating in economic development," said Rohleder. "One reason for this is certainly that the offers were too complicated and possibly too expensive. New online brokers are bringing a previously unknown level of transparency to the market and making access extremely easy and convenient. There is a good chance that more people will find access to investments in stocks and other securities."

At the moment, opinions are still divided on neo-brokers. Two thirds (69 percent) say that an advisor is necessary for stock and securities transactions in order to make good decisions. And 46 percent suspect that smartphone apps that make trading stocks easier encourage careless gambling. However, 40 percent also say that the ease of use of such apps could enable more people to benefit from the performance of companies . And one in three Germans (32 percent) can imagine managing investments in securities and stocks exclusively via a smartphone app.