Press Release
For immediate release
Women are almost 50% more likely to use newer investing platforms than traditional ones
03, March 2022, LONDON –
Women who invest are 47% more likely to use share-trading platforms founded after 2010 according to an analysis by finder.com, a personal finance comparison site.
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.
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.
To see the research in full visit: https://www.finder.com/uk/women-investors
Methodology:
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For further press information
- Matt Mckenna
- UK PR Manager
- M: +44 747 921 7816
- T: +44 20 3828 1338
- matt.mckenna@finder.com
Disclaimer
The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com's review pages for the current correct values.
About finder.com
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).