By analysing survey data from 753 customers of all the major trading apps in the UK, Finder discovered that share-trading companies founded after 2010, such as Freetrade, eToro and Nutmeg had an equal share of male and female customers at 50% each.
In comparison, most people using investing platforms founded before 2010, such as Hargreaves Lansdown, AJ Bell and Halifax Share Dealing, were men (66%), and just a third (34%) were women.
These findings indicate that newer platforms seem to be attracting more female users and closing the gender gap when it comes to investing. This might be due to significant advertising of newer apps through a range of media that include social media.
Interestingly, there doesn’t seem to be much difference in customer satisfaction between older and newer platform users who are women. Around 7 in 10 (72%) women who use trading platforms founded before 2010 said they were satisfied with them, while 70% were happy with platforms founded after 2010.
To see the research in full visit: https://www.finder.com/uk/women-in-investing
Zoe Stabler DipFA, investment specialist at finder.com, gives her thoughts on the analysis:
“In what has traditionally been a male-dominated sector, it’s positive that newer share trading platforms seem to be attracting more women.
“For any new investor, regardless of gender, it’s wise to explore all options and do thorough research from a variety of different sources before making a decision.
“Our survey found that men were twice as likely to use investment news sites for research, while the top source for women was YouTube. There are some helpful videos on YouTube but there’s also a lot of bad advice, so it’s critical to look at respected sources before you make up your mind, and also remember that no investment is risk-free.”
As an investor, the value of investments can go up and down, and it is important to remember you may get back less than you invest. If you’re not sure which investments are right for you, consider seeking out a financial adviser.
- Finder commissioned Censuswide to carry out a nationally representative survey of adults aged 18+ who invest using trading platforms in 2022 between 22.12.21 and 05.01.22.
- A total of 753 people were questioned throughout Great Britain, with representative quotas for gender, age and region.
- Survey respondents were grouped by gender to provide percentages of users per platform. The years in which specific companies were founded were manually sourced by Finder analysts.
finder.com is a personal finance website, which helps consumers compare products online so they can make better informed decisions. Consumers can visit the website to compare utilities, mortgages, credit cards, insurance products, shopping voucher codes, and so much more before choosing the option that best suits their needs.
Best of all, finder.com is completely free to use. We’re not a bank or insurer, nor are we owned by one, and we are not a product issuer or a credit provider. We’re not affiliated with any one institution or outlet, so it’s genuine advice from a team of experts who care about helping you find better.
finder.com launched in the UK in February 2017 and is privately owned and self-funded by two Australian entrepreneurs – Fred Schebesta and Frank Restuccia – who successfully grew finder.com.au to be Australia’s most visited personal finance website (Source: Experian Hitwise).