We found 11 online brokers that are appropriate for Trading Investing Platforms.
Rainy day savings are important. In these turbulent times of COVID 19, financial health and paying for such needs as: weddings, school expenses, or moving are very prevalent.
The importance of saving has suddenly become very real. Are people within the United Kingdom ready for that rainy day?
Clearly, a person's ability to save and their ability to invest varies greatly upon age and financial circumstances.
Statistics show that most people within the United Kingdom do not have any savings to note. By this, we mean that one in every 3 people has less than 1,500 pounds in their savings account.
Financial specialists encourage individuals to have at least 3 months of expenses saved up in their bank account. Sadly, most people within the United Kingdom are not able to do this.
In general, the data and statistics on the average amount held in savings accounts within the United Kingdom is troubling. The number of people investing in ISAs is going down, and the number of people with no savings whatsoever is rising.
The Department of National Statistics has data that historically shows the amount held in savings accounts usually increased as the accounts and individuals aged. Unfortunately now, younger people have less held in investments for numerous reasons, including: educational loans, low bank interest rates, and the high cost of living. The average total in savings as people draw nearer to retirement age is decreasing, which is opposite of what was happening 50 years ago.
Shockingly, some individuals, between the ages of 22 and 29 years old, do not have any savings at all. And, 25% of 55 year-olds in the United Kingdom have less than 1,000 pounds in savings. This shows an unfortunate trend that those reaching retirement may not be able to support themselves.
Average savings | % with £0 in savings | % with £100 or less in savings | % with £1,000 or less in savings | |
18 to 24 | £2,481.16 | 10.83% | 27.50% | 50.83% |
25 to 34 | £3,544.16 | 12.38% | 21.78% | 42.08% |
35 to 44 | £5,995.92 | 7.91% | 12.99% | 33.33% |
45 to 54 | £11,013.99 | 6.34% | 11.22% | 25.85% |
55 and over | £20,028.60 | 2.23% | 7.59% | 18.08% |
The proportion of people who save money, or are even able to save money, is declining. Saving money depends upon many factors, some beyond the control of the average person in the UK.
There is an enormous economic disparity between low-income and middle-class families within the United Kingdom.
On average, families within the UK who have low-paying jobs have only 95 pounds in total savings. Whereas middle-class families, with higher paying jobs, have an average of 65,000 pounds in savings. This wealth gap has increased greatly during the Covid Pandemic, due largely to the fact that zero contract work and lower-income jobs have largely disappeared, or have had their hours greatly restricted. The more 'middle-class type' office jobs have been able to adapt by working from home.
Figures from 'Help The Aged' show that for a retirement salary of 19,000 pounds a year, a person needs to save around 7,300 pounds systematically each year. This is so that by the time individuals are nearing retirement age, they will have around 266,000 pounds in savings.
To be able to retire and still pay bills, the common savings amount by age should be: 51,434 pounds at age 30; 124,911 pounds in savings by the age of 40; and 198,390 pounds by age 50.
Saving money is a challenge for most people. Although, for people who have higher salaries, it is easier to put a little money aside. Some savers have grown up in financially-aware families and communities, where they are taught from a young age to save for the future. But, usually it is difficult to ask a 20 year old to think about what their future will look like when they are 50 or 60. In addition, modern society is consumer-driven, and many times, incorporates high-interest loans, which make it even harder for people to save money.
We've collected thousands of datapoints and written a guide to help you find the best Average savings by age for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Investing platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Investing Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Investing Platforms.
Compare Investing Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Investing platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Investing platforms that accept Investing platforms clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with avatrade |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Investing Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Investing Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Investing platforms below.