We found 11 online brokers that are appropriate for Trading Savings Goals By Age Investment Platforms.
It is true that savings should be based on age. The goals should be set in a way that the financial requirements are met at each of the various age phases. In this article titled Savings Goals By Age, we will take a brief look at the savings strategy for people in the United Kingdom.
Below are the average savings of people in the UK as per age:
Data reveals about one quarter of people between the ages of 25 and 34 are in debt by more than 5,000 pounds, likely due to student loans. At least 25 percent of Britons under the age of 54 are either in debt or have no savings.
Three quarters of employees contributed up to 5 percent to the pension account, irrespective of age.
At least half of the employees contributed between 3 and 5 percent.
If employees contributed more than 7 percent to the pension account, they would be placed in the top 12 percent across all age groups.
More than half of the employee population in the UK enjoys an employer contribution of 1 to 4 percent.
Just about 40 percent of employers contribute over 4 percent to the pension accounts of employees.
One quarter of employers contribute more than 8 percent.
Employees who contribute more than 8 percent to their pension schemes would be placed in the top 50 percent of their age group, irrespective of age.
Employees contributing more than 14 percent would be placed in the top 20 percent.
The average pension size is as below as per age of an employee:
If an employee is in the age group of 35 and 44 and making a pension contribution of more than 95,100, he would be placed in the top quartile of households in the age group. The pension size would need to be increased to more than 237,400 pounds if one were to remain in the same position in the next age bracket.
Below is the average net worth of people in the country by age:
59 percent of people aged more over 55 have a net household worth of more than 500,000 pounds. This reveals that as the retirement age approaches, much of the wealth is not necessarily in pensions but in assets. This is the reason for the low pension size witnessed in the age group.
The overall statistics of investments and savings are mixed here.
The average savings level is low, and most of the younger population is either in debt or without savings.
The contributions made by employees to pension schemes are relatively low, and three quarters of them contributed just up to 5 percent.
Most of the employees only contributed the minimum required level to benefit from the employer match, somewhere between 3 to 5 percent. This is low.
With low contributions, the average pension size is also low.
The household net worth statistics looks encouraging and a good proportion of the wealth is in savings accounts or non-pension accounts.
Young employees should save more as there are fewer responsibilities and financial commitments. Middle-aged employees slow down in contribution as marriage and kids make them financially liable. Those who are nearing retirement may not boost their contributions. In the UK, the trend is different. The young employees are either in debt or without savings.
In this article titled Savings Goals by Age, we discussed some break downs of employee contributions. It is revealed that one quarter of the population between the ages of 25 and 34 are in debt by more than 5,000 pounds, which is likely due to their student loans.
Someone retiring at 60 should contribute an X amount in the pension scheme. If he wishes to retire at 35, it is obvious the contribution should be 2X. This is the way one can plan for retirement.
We have conducted extensive research and analysis on over multiple data points on Savings Goals By Age to present you with a comprehensive guide that can help you find the most suitable Savings Goals By Age. Below we shortlist what we think are the best Savings Goals By Age Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Savings Goals By Age.
Selecting a reliable and reputable online Savings Goals By Age Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Savings Goals By Age Investment Platforms more confidently.
Selecting the right online Savings Goals By Age Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Savings Goals By Age Investment Platforms trading, it's essential to compare the different options available to you. Our Savings Goals By Age Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Savings Goals By Age Investment Platforms broker that best suits your needs and preferences for Savings Goals By Age Investment Platforms. Our Savings Goals By Age Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Savings Goals By Age Investment Platforms.
Compare Savings Goals By Age Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Savings Goals By Age Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Savings Goals By Age Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Savings Goals By Age Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Savings Goals By Age Investment Platforms that accept Savings Goals By Age Investment Platforms clients.
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IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Admiral
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
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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 admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 80% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Savings Goals By Age 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.
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We have listed top Savings Goals By Age Investment Platforms below.