Tinkoff Investments customer numbers are hitting new records. In 2019 the number of active customers and the average volume of customer portfolios grew 3 times. Active customers are defined as those clients conducting at least one transaction per month.
Tinkoff Investments is the Bank’s online brokerage portal. It offers customers a low-cost and transparent platform for investing in a range of securities including Russian and international shares. The platform offers expanded access to more than 10,000 securities of issuers from 30 countries (ETFs, stocks, bonds).
Specifically, the Tinkoff Investments mobile app has now been installed more than 3 million times
Tinkoff Investments becomes the largest Russian broker in terms of the number of active retail investors. Moreover, 80% of Tinkoff Investments customers made a profit in 2019. Also in the past year the average volume of customer portfolios grew three times.
Most investors hold an average of five unique securities in their portfolio and complete up to five transactions per month. And Tinkoff says that finance is the most popular sector of the economy for investing.
Most Tinkoff Investment investors adhere to a conservative long-term investment strategy.
Client portfolio: young and predominantly male
The average age of a Russian investor is about 35 years. More than half of investors in Tinkoff Investments (55%) are young people aged 28-38. Moreover, in Europe and the US, according to Tinkoff, most investors are people aged 40 years and older.
The majority of users are men (86%). And Tinkoff says that 38% of its investors have an income of around RUB100,000-RUB500,000 per month ($1,575-$7,850).
Last year, 75% of Tinkoff Investments customers had at least one valuable foreign security in their portfolio.
The most popular assets in terms of portfolio volume the end 2019 include Boeing, Yandex, Lukoil, Gazprom, Apple and Amazon.
The majority of Tinkoff Investment clients use its basic Investor tariff: 83%. This product is the most suitable for newcomers to the stock market. And in 2019 the number of Tinkoff Investment basic investors more than trebled.
Since its launch in 2017, Tinkoff Investments has attracted more than 1 million private investors to the Moscow Exchange. The total number of customers on the Moscow Exchange stock market is 3.9 million.
In December 2019, about 40% of new accounts on Mosbirzha were opened through Tinkoff Investments.