BrokerChooser
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BrokerChooser is a global comparison website for online brokerages, digital banks and robo-advisors established and headquartered in Birkirkara, Malta. BrokerChooser provides brokerage reviews, ratings, and broker comparison tools.[1]
BrokerChooser also offers educational materials for investors such as articles on basic financial products and services, and various tools that help investors choose the brokerage that best fits their needs.[2]
History[edit]
2016-2020[edit]
BrokerChooser was founded in 2016 by Gergely Korpos and Tibor Bedő. Prior to starting BrokerChooser, Korpos was working as a portfolio manager at CIG Asset Management and Bedő was a consultant at The Boston Consulting Group. Both founders attended Corvinus University of Budapest where they became friends.
At BrokerChooser, Korpos is responsible for product development while Bedő is in charge of general business management.[3]
The idea of BrokerChooser emerged from a fruitless Google search for a brokerage comparison website. After they failed to find such a platform, Korpos and Bedő decided to build their own site for comparing brokers from scratch. A few months later they joined InnovationsLab, the startup incubator program of the Central European University.[4][5][6]
In its first four years of operation, BrokerChooser grew exponentially both in terms of site visitors and revenue. The one-million-euro revenue milestone was reached in 2020.[7]
Even though the founders have received several serious buyout offers over the years, they chose to grow and scale their business on their own, without any external funding.[8]
2021-[edit]
Since 2021, BrokerChooser has started to appear more frequently in the global media as an industry expert, providing opinions, comments or analyses for outlets like the Financial Times, Bloomberg and The New York Times.[9][10][11][12][13][14] The shift towards a bigger media presence was facilitated by the GameStop short squeeze in January 2021.
References[edit]
- ↑ "Budapest-based Broker Comparison Firm Harbors Global Ambitions - BBJ". BBJ.hu. Retrieved 2023-03-22.
- ↑ "BrokerChooser: Find quality online brokers in minutes". brokerchooser.com. Retrieved 2023-02-14.
- ↑ "Attól, hogy valaki Németországban van, nyithat egy brókerszámlát Amerikában is – a Brokerchooser alapítói a Forbes Kilövésen". Forbes.hu (in magyar). 2020-09-30. Retrieved 2023-02-14.
- ↑ "Teams Media". www.ilab.ceu.edu. Retrieved 2023-02-16.
- ↑ "Ázsiában mutatkozott be három magyar startup". Portfolio.hu (in magyar). 18 November 2019. Retrieved 2023-03-22.
- ↑ "InnovationsLab's Brokerchooser in Forbes | Central European University". www.ceu.edu. Retrieved 2023-03-27.
- ↑ "Harder, better, faster, stronger - Forbes Magazin Online - Forbes Magyarország". magazin.forbes.hu (in magyar). Retrieved 2023-03-22.
- ↑ "Ceu-iLab". www.ilab.ceu.edu. Retrieved 2023-02-14.
- ↑ "Robinhood suffers harshest hangover after pandemic stock trading boom". Financial Times. 2022-08-10. Retrieved 2023-02-16.
- ↑ "Here's what the ESG critics miss". Financial Times. 2022-04-04. Retrieved 2023-02-16.
- ↑ "Robinhood Traders Face the Taxman After Falling In Love With Stocks". Bloomberg.com. 2021-01-26. Retrieved 2023-02-16.
- ↑ Walne, Toby (2022-11-12). "Should you beware investing apps making it look easy?". Mail Online. Retrieved 2023-03-22.
- ↑ Fox, Matthew. "AMTD Digital falls 79% as trading volume wanes after a massive surge briefly valued the Chinese tech firm at over $400 billion". Markets Insider. Retrieved 2023-03-22.
- ↑ Cook, James (2022-08-26). "New research finds crypto investors by far the most at risk of investment fraud - Business Leader News". Business Leader. Retrieved 2023-03-22.
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