Toss Securities said on the 5th that the domestic stock transaction value exceeded 70 trillion won last month, marking a record high since then. During the same period, the number of customers with cumulative domestic stock transactions rose about 1.5 times from the previous month.
In January this year, Toss Securities' domestic stock transaction value was 70.2 trillion won, more than doubling (136%) from 29.7 trillion won in December last year, the preceding month. This outpaced the market growth rate (92%) over the same period.
Individual investors' domestic stock transaction value expanded from 988.7 trillion won in December last year to 1,898.1 trillion won in a month.
Along with the expansion of participation in domestic stock transactions, customers also moved their assets. The number of customers with cumulative domestic stock transactions at Toss Securities in January this year increased about 1.5 times from the previous month. In particular, cumulative net deposits, which indicate the net inflow of customer assets, rose 3.4 times from the previous month and nearly sixfold compared with November last year, before the switch to zero commissions.
To improve investors' access to domestic stock investing, Toss Securities switched domestic stock transaction fees to zero from Dec. 15 last year through the end of June and is applying the same policy to both existing and new customers.
A Toss Securities official said, "It appears that focusing on lowering the fee burden, which investors feel most acutely during a bull market, led to actual changes in customer behavior."