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• The first two months of 2021 saw a drop of 12.5% in the average trading age in comparison to December 2020, seeing it fall from 40 to 36鈥�鈥�

• Research shows an average听decrease听of five years听in the age of听new听male and female traders听
• The new average age of a male trader in the UK is听now听35, with female traders generally older (39)

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The surge of younger investors in the first two months of 2021 has contributed to the average age of new UK traders falling by 12.5%¹, according to new research by online trading platform,听.

In a unique year with many high-profile events impacting the stock market, Saxo Market鈥檚 internal data relating to thousands of traders worldwide shows that this has had an effect on the average age of a UK trader. Between January 2020 and February 2021, the average age of a new trader has dropped by six years.

In January 2021, the average age of a new trader in the UK has dropped from 40 years old in December 2020, to 36 in January and 35 in February 2021¹. However, the data shows that the age of new traders has now risen in March 2021².

Average age of new听traders at the beginning of 2021¹:

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Last year, the average age of the new female trader in the UK was 42 whereas for male traders, it was 40. However, the research shows a decrease of 11.3% up to February 2021 in age for new female traders, representing a five year drop in the average age. Also seeing a significant drop in age are male traders, who are taking an interest in the stock market earlier 鈥� the average age of a male trader dropped to 35 by February of this year, a 13.6% decrease compared to early 2020¹.

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Profiles of听new听average听traders in February 2020听vs. February 2021¹:

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Although the pandemic can be viewed as a catalyst for the younger demographic鈥檚 increased interest in trading, other factors played a part. According to听Peter Garnry, Saxo Group鈥檚 Head of Equity Strategy, 鈥渢he last couple of years鈥� bull market, improving labour market dynamics, a larger focus than ever by media on technology stocks, the rise of crypto has attracted many young people and women into equity investing.

鈥淢any arrived during the rebound phase last year when many people were forced into lockdowns, and this not only has shifted the profiles of traders, but also the approach to trading. This change in approach, or investor psychology, will be interesting to follow as there is a new generation of traders and investors who will learn how to engage in a full spectrum of bull and bear markets.鈥�

You can find out more about听via听the听Saxo Markets听website.