We found 11 online brokers that are appropriate for Trading Millennial Investment Platforms.
The year 2020 was unique, not just because of the global pandemic but also as it has confirmed our prediction about the dominating young traders and their mobile devices. Millennials, born between 1981-1996, have a growing interest and participation in trading, whilst they have been working from home following the COVID-19 outbreak. The lack of mobility and supported by a strong internet connection, this digital generation have increased their trading habits more than any other age group.
Following working and studying from home, we have seen a vast increase in millennial investors trading compared to the days before the outbreak. The trading frequency of this generation has doubled on average. This increase in millennial trading was in fact already emerging in the first and second quarters of 2020. The ones who already traded before doubled in frequency, while more started to trade.
As a tech-savvy generation, more new millennial traders could start trading online with no problem. In fact, Generation Z and millennials teamed up and increased the trading rate massively. Young investors tend to trade more as they still live at home and still have cash in their accounts.
The pandemic provides the momentum but this phenomenon was actually inevitable. Trading and investment products are widely developed and distributed to serve Generation Y. Accessing the trading market has become so easy and for millennials, it is even easier. The market accessibility leads individual and self-driven investors, including millennials, to have thousands of dollars deposited (plus profit) in their online exchange or brokerage accounts. This way, millennials can basically trade their assets anytime they want.
We can see that the investment world is serving millennials, with the birth of diverse and competitive trading platforms. Millennials have various trading options including the assets, pairs, machines, or brokers they want to use. They are also observant of the offering, fees, and interest rates of those trading sites. Their account is safe and secure, but remains accessible through desktop computers and mobile devices. Some of these sites offer deposit bonuses and very little to no fees.
Furthermore, they can manage their assets and perform trading from the comfort of their own home. There are various trading instruments that every individual millennial investor can choose from, including foreign exchange, equities, commodities, stock indices, cryptocurrencies, and so forth. Millennials have become retail investors outnumbering any other generation, and all other groups of investors. At this point, millennials can access diverse markets with no difficulties as long as they are all connected to the internet.
Retail investors or individual investors, including millennials, have been taking advantage of brokerage sites for some time now. Trading can oftentimes be complicated, and millennials are aware of the need for experts to manage their assets. Millennials are so observant and they would only choose credible yet reliable brokers. This way, markets are accessible for a range of investors, and millennials face no difficulties with starting investing - as long as they have cash. These sites also make the market accessible for these digital generations but they would still maintain proper strategy and research when trading particular instruments and their pairs.
Not only has the frequency of trading increased, but more than half of millennials and successive generations have increased their risk tolerance when trading during the COVID-19 outbreak. This is the highest rate compared to previous generations that do not reach 30%. When it comes to the amount of trade, millennials double cash for new trades for some popular trading instruments. Millennial investing habits, shaped by the pandemic, are also influencede by the widened risk tolerance on their trading. In this way, millennials have become the most active traders among the entire population.
As you may know, cryptocurrency is a highly volatile instrument but it is an emerging attraction for millennials. They can tolerate the volatility of digital currencies and don't hesitate to trade for margin. Not just holding the coins, but millennials also trade the cryptocurrency pairs on their favorite trading or brokerage site. This demonstrates how millennials tolerate risks and instruments' volatility more than the general population. Instruments with high volatility, including digital currencies, have contributed to the spike in trading volume and are subject to millennials' capitalisation.
Millennials and Generation Z together have takem more risks, in a higher trading frequency, over the last three quarters. The risk tolerance is linear with the increasing trading activities performed by millennials and their successor generation. The number of millennials trading has been doubled in terms of frequency and the amount of trading compared to the general population. Capitalising volatility through risky trading activities seems to be what millennials do in this global outbreak. In other words, millennials are the most optimistic age group when it comes to trading in this difficult time.
We've collected thousands of datapoints and written a guide to help you find the best Millennial Trading 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 Millennial Trading Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Millennial Trading Investment 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 Millennial Trading Investment Platforms.
Compare Millennial Trading Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Millennial Trading Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Millennial Trading Investment Platforms that accept Millennial Trading Investment 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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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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SpreadEx
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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) | 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) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ | 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 | 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 | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with avatrade |
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Up with fpmarkets |
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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 |
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Up with spreadex |
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 | 72% 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 | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx 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 | 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. | US, TR |
You can compare Millennial Trading Investment 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 Millennial Trading Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Millennial Trading Investment Platforms below.