Trading apps like Robinhood have recently surpassed prominent social media platforms like TikTok and Instagram as the most downloaded on Apple's App Store. Price instability and coronavirus lockdowns are to blame for the retail investment boom in 2020. According to a survey conducted by Charles Schwab, 15 percent of existing institutional investors in the United States started investing in 2020. In 2020, the brokerage industry in the United States is expected to add 10 million new clients.