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've collected thousands of datapoints and written a guide to help you find the best Savings Goals By Age for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best Savings Goals By Age Investment Platforms below.
There are a number of important factors to consider when picking an online Savings Goals By Age 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 Savings Goals By Age Investment Platforms.
Compare Savings Goals By Age Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Savings Goals By Age Investment Platforms. Learn more about what they offer below.
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IC Markets
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Roboforex
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AvaTrade
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XM
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XTB
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Pepperstone
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FP Markets
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Trading212
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NordFX
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Plus500
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EasyMarkets
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | 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), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | 200 | 1 | 100 | 5 | No minimum deposit | 200 | 100 | 1 | 1 | 100 | 100 |
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Used By | 180,000+ | 10,000+ | 300,000+ | 3,500,000+ | 250,000+ | 89,000+ | 10,000+ | 15,000,000+ | 10,000+ | 15,500+ | 142,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with avatrade |
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Up with xm |
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Up with xtb |
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Up with pepperstone |
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Up with fpmarkets |
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Up with trading212 |
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Up with nordfx |
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Up with plus500 |
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Up with easymarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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. | 74% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 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. | Losses can exceed deposits | 74% 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. | Your capital is at risk |
Demo |
IC Markets Demo |
Roboforex Demo |
AvaTrade Demo |
XM Demo |
XTB Demo |
Pepperstone Demo |
FP Markets Demo |
Trading 212 Demo |
NordFX Demo |
Plus500 Demo |
easyMarkets Demo |
Excluded Countries | 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, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | US, JP, NZ | US, CA | US, CA, EU, RU, SY, KP, CU | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | 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 |
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We have listed top Savings Goals By Age Investment Platforms below.