The study conducted by FCA-regulated fintech and financial services provider, Trade Nation, has unveiled the most traded financial markets of the year so far, alongside the most popular trading instruments by age group.
According to the new data, global stock indices were revealed as both the most traded and highest value investment choice across all age brackets with a combined notional of £89,286.29, across the top four positions over the last quarter.
Breaking down the cohorts by age, taking the top spot are Millennials, with the highest trade count of 849,937, closely followed by Gen X with 843,804. The research also reveals that both Boomers and Gen Z have significantly smaller participation. These groups trade less, possibly because of generational gaps and a lack of tech skills.
Why are Indices so popular currently?
Stock indices are popular for several reasons. Indices are straightforward, easy to understand, and deemed the safer option for investors. They are easy to speculate on and a great way for people to track the market. Trading on stock indices can be done over multiple timeframes, being popular with speculators who trade over the short, medium and even longer-term timeframes.
The top 10 most traded markets in 2025 so far are:
Millennials dominate the trading activity, accounting for both the highest trade volume and value, with 849,937 index trades totalling a notional value of £45.39 billion. Gen X is close to Millennials in index trade volume, with 843,804 index trades, but has a lower notional of £31.27 billion, indicating smaller average trade sizes. Even though there are fewer trades, Gen Z’s total value is greater than that of Boomers, suggesting that their average trades are larger. This might be an early indication of significant engagement in the markets.
Millennials may be taking larger positions, possibly due to greater use of leverage or higher risk tolerance, or a preference for higher-growth assets like US Tech 100. Unlike the other markets featured in the table, metals and currencies rank lower in popularity. Millennials demonstrate significant yet lower engagement in metals and currency markets when compared to indices. This could be because metals are frequently used as a safeguard trade or a long-term value play, but they are not commonly used for high-volume, short-term trading. Currencies require an understanding of more complex topics, including interest rate differentials, macroeconomics, and geopolitical affairs, which can be intimidating to some, making indices a more popular option for many.
The most popular financial markets so far in 2025
| Rank | Market | Age Bracket | Trade Count | Notional (Millions) (GBP) |
| 1 | US Tech 100 | Gen X 1965-1980 | 345,660 | 9,924.52 |
| 2 | US Tech 100 | Millennials 1981-1996 | 307,949 | 23,591.42 |
| 3 | US 30 | Gen X 1965-1980 | 234,338 | 10,652.69 |
| 4 | Germany 40 | Gen X 1965-1980 | 217,607 | 9,120.55 |
| 5 | Germany 40 | Millennials 1981-1996 | 205,583 | 10,681.82 |
| 6 | US 30 | Millennials 1981-1996 | 197,647 | 8,912.22 |
| 7 | Gold | Millennials 1981-1996 | 79,203 | 1,543.21 |
| 8 | Germany 40 | Gen Z 1997-2012 | 94,640 | 3,747.23 |
| 9 | Germany 40 | Boomers 1946-1964 | 91,035 | 4,018.88 |
| 10 | Gold | Gen X 1965-1980 | 79,203 | 1,543.21 |
| 11 | Gold | Boomers 1946-1964 | 79,117 | 1,564.73 |
| 12 | US 500 | Gen X 1965-1980 | 55,114 | 1,457.32 |
| 13 | US Tech 100 | Boomers 1946-1964 | 54,089 | 1,596.59 |
| 14 | US Tech 100 | Gen Z 1997-2012 | 52,087 | 2,350.53 |
| 15 | US 30 | Boomers 1946-1964 | 46,280 | 1,222.04 |
US Tech 100 is the most popular financial instrument, appearing in the top two positions, suggesting it is the most common trade choice across both age groups. Gen X takes the lead spot as the most active age group for investing, with 345,660 trades overall. The data also reveals Millennials as being very active, featuring highly within the ranking sitting at number two with a trade count of 307,949 and a notional of £24 million.
US 30 is heavily traded by Gen X and Millennials, with over 430,000 trades combined and a notional value of £19.5 billion. Germany 40 has a wide age group interest, being popular among Gen X, Millennials, Gen Z, and Boomers, with Millennials posting the highest notional value of £10.68 billion.
Gold ranks three times across the top fifteen for the most popular trading control with just £1.5 billion notional and under 80,000 trades in total. Even though this is lower than indices, it is still a significant position. David Morrison, Senior Trade Analyst from Trade Nation comments; “It’s no surprise as we see more traders turn to gold as a safe haven asset during times of geopolitical unrest, market volatility and economic uncertainty. Despite gold ranking lower than other controls, gold’s long-standing ability to hold its value when measured against other assets and limited correlation with other financial instruments enhance its appeal, so we may well see begin to move up the rankings over the coming months.”
