Best Brokers With The Fewest Losing Traders
Regulated brokers are required to publish figures on the percentage of clients that lose money on their platforms. We’ve collated these so you can see the brokers with the fewest losing traders, otherwise known as the brokers with the most winning traders.
Top UK Brokers With The Most Winning Traders
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Founded in 2005, FXOpen is a well-regulated broker that has drawn over one million traders. Tailored for active trading, it offers a diverse range of over 700 markets. The platform facilitates high-frequency trading, scalping, and various algorithmic strategies through the use of expert advisors (EAs).
Winning Traders: 40%
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs FCA, CySEC, FC TickTrader, MT4, MT5, TradingView Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (EU, UK), 1:1000 (Global) -
eToro is a leading multi-asset platform providing trading services across numerous CFDs, stocks, and cryptocurrencies. Since its 2007 inception, it has attracted millions of traders worldwide. It operates with authorisation from top regulators such as the FCA and CySEC. Its social trading feature is especially well-regarded. Crypto investments are high-risk and possibly unsuitable for retail investors. There's a potential to lose all invested capital. Familiarise yourself with the risks. 61% of retail CFD accounts incur losses.
Winning Traders: 39%
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF eToro Web, CopyTrader, TradingCentral Min. Deposit Min. Trade Leverage $50 $10 1:30 -
Interactive Brokers (IBKR), a leading brokerage, offers access to 150 markets across 33 countries and provides extensive investment services. With more than 40 years of experience, this Nasdaq-listed company complies with strict regulations from the SEC, FCA, CIRO, and SFC. It is among the most reliable brokers worldwide for traders.
Winning Traders: 38%
Instruments Regulator Platforms Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower Min. Deposit Min. Trade Leverage $0 $100 1:50 -
Spreadex, regulated by the FCA, provides spread betting across 10,000+ CFD instruments, including 60 forex pairs. Traders have the option to engage in short-term positions on sporting events as well. With a history exceeding 20 years, the company has earned numerous accolades.
Winning Traders: 38%
Instruments Regulator Platforms Forex, CFDs, Indices, Commodities, Stocks, Crypto, Bonds, Interest Rates, ETFs, Options, Spread Betting FCA Spreadex Platform, TradingView, AutoChartist Min. Deposit Min. Trade Leverage £0 £0.01 1:30 -
FXCM, a reputable forex and CFD broker founded in 1999, is headquartered in the UK. It has garnered multiple accolades and operates in several regions, including the UK and Australia. Offering more than 400 assets and comprehensive analysis tools without any commission charges, FXCM is a favoured option among traders. The broker is also under the regulation of leading bodies such as the FCA, ASIC, CySEC, FSCA, and BaFin.
Winning Traders: 37%
Instruments Regulator Platforms Forex, Stock CFDs, Commodities CFDs, Crypto CFDs FCA, CySEC, ASIC, FSCA, BaFin, CIRO Trading Station, MT4, TradingView, Quantower Min. Deposit Min. Trade Leverage $50 Variable 1:400 -
InstaForex, established in 2007, is a forex and CFD brokerage. It provides extensive market access to millions of traders, featuring traditional assets such as currencies and shares. The broker also offers intriguing options like IPO investments.
Winning Traders: 34%
Instruments Regulator Platforms Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures BVI FSC MT4, MT5 Min. Deposit Min. Trade Leverage $1 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica) 1:30 for retail clients, 1:500 for professional -
Founded in 1983, City Index is a prestigious broker, now under the Nasdaq-listed StoneX Group. It excels in forex, CFDs, and spread betting. With access to over 13,500 instruments, City Index provides a dynamic Web Trader platform, exceptional educational materials, and round-the-clock support five days a week, ensuring a thorough trading experience.
Winning Traders: 32%
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting FCA, ASIC, CySEC, MAS Web Trader, MT4, TradingView, TradingCentral Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30
FXOpen
eToro
Interactive Brokers
Spreadex
FXCM
InstaForex
City IndexSafety Comparison
Compare how safe the Best Brokers With The Fewest Losing Traders are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| FXOpen | ✔ | ✔ | ✘ | ✔ | |
| eToro | ✔ | ✔ | ✘ | ✔ | |
| Interactive Brokers | ✔ | ✔ | ✘ | ✔ | |
| Spreadex | ✔ | ✔ | ✘ | ✔ | |
| FXCM | ✔ | ✔ | ✘ | ✔ | |
| InstaForex | ✘ | ✔ | ✘ | ✔ | |
| City Index | ✔ | ✔ | ✔ | ✔ |
Payments Comparison
Compare which popular payment methods the Best Brokers With The Fewest Losing Traders support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| FXOpen | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| eToro | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ |
| Interactive Brokers | ✔ | ✔ | ✘ | ✘ | ✘ | ✘ |
| Spreadex | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| FXCM | ✔ | ✔ | ✔ | ✘ | ✘ | ✔ |
| InstaForex | ✘ | ✘ | ✘ | ✔ | ✔ | ✘ |
| City Index | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
Mobile Trading Comparison
How good are the Best Brokers With The Fewest Losing Traders at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| FXOpen | iOS & Android | ✘ | ||
| eToro | iOS & Android | ✘ | ||
| Interactive Brokers | iOS & Android | ✔ | ||
| Spreadex | iOS & Android | ✘ | ||
| FXCM | iOS and Android | ✘ | ||
| InstaForex | iOS and Android + browser based platform | ✘ | ||
| City Index | iOS & Android | ✘ |
Beginners Comparison
Are the Best Brokers With The Fewest Losing Traders good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| FXOpen | ✔ | $100 | 0.01 Lots | ||
| eToro | ✔ | $50 | $10 | ||
| Interactive Brokers | ✔ | $0 | $100 | ||
| Spreadex | ✘ | £0 | £0.01 | ||
| FXCM | ✔ | $50 | Variable | ||
| InstaForex | ✔ | $1 | 0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica) | ||
| City Index | ✔ | $0 | 0.01 Lots |
Advanced Trading Comparison
Do the Best Brokers With The Fewest Losing Traders offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| FXOpen | Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 (EU, UK), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
| eToro | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✘ | 1:30 | ✘ | ✔ | ✘ | ✔ |
| Interactive Brokers | Capitalise.ai, TWS API | ✘ | 1:50 | ✘ | ✔ | ✔ | ✔ |
| Spreadex | ✘ | ✔ | 1:30 | ✘ | ✘ | ✔ | ✔ |
| FXCM | - | ✘ | 1:400 | ✘ | ✔ | ✘ | ✘ |
| InstaForex | Expert Advisors (EAs) on MetaTrader | ✘ | 1:30 for retail clients, 1:500 for professional | ✔ | ✘ | ✘ | ✘ |
| City Index | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 | ✘ | ✔ | ✔ | ✔ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Best Brokers With The Fewest Losing Traders.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| FXOpen | |||||||||
| eToro | |||||||||
| Interactive Brokers | |||||||||
| Spreadex | |||||||||
| FXCM | |||||||||
| InstaForex | |||||||||
| City Index |
Our Take On FXOpen
"FXOpen is perfect for high-volume traders, providing swift execution via its ECN system, spreads starting at 0 pips, and reduced commissions as low as $1.50 per lot."
Pros
- FXOpen significantly cut FX spreads by over 40% in 2022. In 2023, they launched commission-free index trading. These changes make trading more economical for traders.
- FXOpen integrated TradingView in 2022 and enhanced its TickTrader platform in 2024. This upgrade delivers Level 2 pricing, over 1,200 trading instruments, and sophisticated order options. The platform appeals to both seasoned and high-frequency traders.
- In 2024, FXOpen simplified its account options. Traders now benefit from ECN accounts with raw spreads starting at 0.0 pips. The platform offers rapid execution and reduced commissions for those with high trading volumes, enhancing user experience.
Cons
- Though FXOpen remains a trusted broker with authorizations from the FCA and CySEC, it lost its ASIC license in 2024 due to 'serious concerns.' Consequently, it no longer accepts traders from Australia.
- FXOpen's educational resources are quite limited, with a scarcity of courses and webinars commonly available at brokers such as IG. This deficiency may deter novice traders looking to enhance their understanding.
- Even with an expanded asset portfolio, FXOpen provides a more limited selection of global stocks, commodities, and cryptocurrencies compared to the leading firm BlackBull. This results in fewer diverse trading opportunities for traders.
Our Take On eToro
"eToro's social trading platform excels with its outstanding user experience and lively community chat, aiding beginners in spotting opportunities. It offers competitive fees on numerous CFDs and real stocks, alongside exceptional rewards for seasoned strategists."
Pros
- In 2025, eToro altered its fee structure by separating crypto trading fees from the spread. A distinct commission is now listed separately, providing traders with increased transparency while maintaining consistent overall costs.
- Utilising TradingView, the charts provide robust tools for technical analysis, featuring nine chart types and more than 100 indicators.
- eToro is a globally recognised brand, operating under top-tier international regulations. It boasts a community of over 25 million users.
Cons
- The only significant contact option, besides the in-platform live chat, is limited.
- There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
- The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.
Our Take On Interactive Brokers
"Interactive Brokers ranks highly for seasoned traders due to its robust charting platforms, live data, and bespoke layouts via the new IBKR Desktop app. Its competitive pricing and sophisticated order choices appeal to traders, and its wide equity options are industry-leading."
Pros
- IBKR is a highly respected brokerage, regulated by top-tier authorities, ensuring the integrity and security of your trading account.
- The TWS platform is tailored for intermediate and advanced traders, featuring over 100 order types and a dependable real-time market data feed with exceptional uptime.
- A wide range of third-party research subscriptions, both free and paid, are available for traders. Additionally, by subscribing to Toggle AI, traders can receive commission rebates from IBKR.
Cons
- Support can be sluggish and frustrating. Tests reveal that you may face challenges reaching customer service quickly, which could result in delays in issue resolution.
- The learning curve for TWS is quite steep, making it tough for novice traders to navigate and grasp all its features. In contrast, Plus500's web platform is far more accessible for those new to trading.
- IBKR offers a variety of research tools, but their inconsistent placement across trading platforms and the 'Account Management' webpage creates a confusing experience for users.
Our Take On Spreadex
"Spreadex attracts UK traders keen on spread betting in financial markets and traditional sports wagers. It offers low fees for short trades, and spread bet profits are tax-free. With a robust charting platform and no minimum deposit, it's easy to begin."
Pros
- There is a superb selection of instruments and trading vehicles for short-term traders.
- The broker provides a user-friendly custom charting platform and mobile application.
- Spreadex has added trading signals to its desktop platform, using Autochartist to deliver real-time, pattern-based insights. These insights assist traders in spotting potential opportunities.
Cons
- The absence of a demo account may dishearten potential clients wishing to evaluate Spreadex's offerings.
- Limited customer support may lead to delays in resolving issues.
- Third-party e-wallets are not permitted.
Our Take On FXCM
"FXCM remains a leading choice for traders using automated strategies, offering four robust platforms, strategy backtesting, and algorithmic trading via APIs. It is also ideal for active traders, providing discounted spreads and minimal to zero commissions on popular assets."
Pros
- A variety of funding options, such as bank cards, Apple Pay, and PayPal, are available with immediate processing.
- The broker provides reduced spreads and additional benefits for seasoned traders through the Active Trader account.
- The proprietary Trading Station platform is an excellent option for traders seeking a comprehensive tool for their short-term and automated strategies.
Cons
- There are no retail account options available for traders, and Cent/Micro account alternatives are also absent.
- While FXCM primarily caters to seasoned traders, the absence of managed accounts is unfortunate.
- The live chat support is often sluggish and inconsistent when compared to leading competitors.
Our Take On InstaForex
"InstaForex remains a leading forex broker, offering more currency options than most competitors. Tight spreads and low minimum deposits ensure accessibility for traders of all levels, particularly those accustomed to the MT4 and MT5 platforms."
Pros
- The broker is beginner-friendly, offering low minimum deposits and commission-free trading.
- InstaForex provides an excellent trading environment, utilising the robust MT4 and MT5 platforms. These platforms come equipped with numerous technical analysis tools, automation features, and various order types.
- The broker is an excellent choice for dedicated forex traders, offering over 100 currency pairs and competitive spreads starting at 0.0 pips. Additionally, it provides a top-tier collection of forex market resources.
Cons
- The broker exclusively offers trading instruments as CFDs.
- The broker's website and client portal seem outdated, making navigation challenging for beginners.
- Customer support is offered exclusively in English, Czech, Polish, and Slovak.
Our Take On City Index
"City Index suits active traders perfectly, offering rapid execution speeds averaging 20ms and a customisable web platform with over 90 technical indicators. Its educational resources are exceptional. For UK traders interested in spread betting on 8,500+ instruments tax-free, City Index is an excellent option."
Pros
- City Index offers access to over 13,500 markets, including forex, indices, shares, commodities, bonds, ETFs, and interest rates. The platform's inclusion of niche markets such as interest rates provides traders with unique opportunities not commonly available on other platforms.
- City Index is under the regulation of leading authorities, such as the FCA in the UK, ASIC in Australia, and MAS in Singapore. Its parent company, StoneX Group Inc., is publicly listed, which enhances its credibility.
- City Index has significantly improved the trading experience. In 2024, they introduced Performance Analytics, providing insights into trades and discipline. The revamped mobile app now includes integrated market research and swipe-access news.
Cons
- City Index does not offer an Islamic account with swap-free conditions, making it less attractive to Muslim traders than brokers such as Eightcap and Pepperstone.
- Although many brokers, such as eToro, have broadened their crypto offerings, City Index restricts its clients to crypto CFDs. This limited selection may not meet the needs of traders seeking a wider variety of altcoins.
- Unlike brokers like AvaTrade and BlackBull, City Index lacks options for passive trading, such as social copy trading or real ownership of stocks and ETFs. This limitation may reduce its appeal to traders seeking a more hands-off approach.
How Investing.co.uk Chose The Brokers With The Fewest Losing Traders
We reviewed the regulator-required statistics on client trading outcomes that brokers must publish under ESMA and other oversight rules.
We recorded these figures and then ranked brokers based on the percentage of traders reporting losses, highlighting those with the lowest proportion.
What To Look For In A Broker
There are many reasons a broker’s clientele might have a high win rate, but the losing percentage isn’t necessarily reflective of the level of service offered by UK trading firms. While a useful metric, for us the best brokers with the fewest losing traders also excel in the following areas:
Trust
As with any broker we review, we’re looking for reliable and trustworthy firms as a top priority, and we won’t recommend any that fail to meet our strict requirements on trust.
Foremost among these is regulation, as we favour firms that are overseen by the UK’s Financial Conduct Authority (FCA) or another respected international regulator.
This is especially important when it comes to discerning the number of losing traders because the FCA and European regulators require brokers to disclose this information. So, if you find the percentage of losing traders prominently displayed on a broker’s website, it is likely to be overseen by one of these regulators.
- FXCM is a reputable firm with licenses from numerous respected bodies around the world, including the FCA, the Cyprus Securities and Exchange Commission (CySEC) and Australian Securities and Investments Commission (ASIC).
Fees
You’ll have a better chance of a consistent win rate if you choose a broker with low fees as each trade you make has a lower bar to profitability.
For us, the most important fee for traders is the spread – the difference between an instrument’s buy and sell price – because this represents the first hurdle you need to cross before you make a profit.
Let’s say you open a trade on EUR/USD with a broker that charges a 1-pip spread. The currency will need to move at least 1.1 pips in your direction before you start making a profit.
But many brokers charge a much tighter spread on a major pair like EUR/USD, and with a 0.1-pip spread, your threshold to profit is 90% lower, which naturally translated to more winning trades.
You also need to consider any commission fees, which are often necessary to unlock the accounts with the tightest spreads, as well as non-trading fees such as deposit/withdrawal charges.
- Spreadex is a low-cost CFD and spread betting broker that charges no commission on spread betting and many CFDs, and no hidden fees. An added bonus for UK traders is that profits from spread betting are not subject to tax.
Leverage
Leverage allows you to increase the size of your position with borrowed funds, and when used wisely this can increase your gains from winning trades and will have a positive effect on your overall profitability.
Note that your losses will also be magnified in leveraged trades, so you need to use this tool with care.
You need to trade very carefully when you use leverage, since a poorly planned trade or an unexpected turn of events can leave you very far out of pocket.I suggest using leverage conservatively, and employing strong risk management techniques when you do. Stop loss orders, for example, will prevent sudden, sharp market movements from wiping out your trading capital.
- easyMarkets is a reliable option for UK investors looking for high leverage, with various accounts offering leverage from 1:200 up to a stratospheric 1:2000. This is far more than most traders will need, but it will appeal to seasoned professionals with a high risk tolerance.
Copy Trading
You can sometimes significantly boost your win rate by using copy or social trading to benefit from the expertise of a professional trader or investor.
We find this feature especially useful for new traders and those with little time to analyse markets and research trades.
The best copy trading brokers provide detailed information on all aspects of the master trader’s style, track record and portfolio, allowing you to make an informed decision before you invest.
Traders can easily find and compare successful master traders on eToro’s copy trading interface
- eToro is a copy trading pioneer and still provides one of the best experiences for traders who use this feature, with an intuitive and easy-to-use platform that allows traders to easily find and compare master traders who suit their needs.
Platforms & Apps
You should choose a broker with powerful charting platform options and apps as these crucial tools help you plot and execute your trades effectively, and naturally impact your ratio of winning and losing trades.
The top brokers offer stable trading platforms and apps. Look for customisation, order types, intuitive charts, automated trading, and integrated news streams. Long-time favourites include MetaTrader 4, MetaTrader 5, and cTrader, and the newer TradingView has quickly become a leading option.
- FxOpen remains a top option for its platform choices, with traders able to use MT4, MT5, TradingView or the proprietary TickTrader platform.
A Legal Requirement
In line with transparency requirements introduced by the European Securities and Markets Authority (ESMA) in 2018, brokers must disclose the percentage of traders that win/lose money on their platforms. This accompanied a ban on the sale of binary options and restrictions on the marketing of CFDs.
Prior to this, some brands used misleading advertisements and messaging that did not adequately convey the risks of online trading.
Brokers must update these figures every three months to comply with the rules.
Where To Find Figures On Losing Traders
The percentage of clients that lose money must be displayed clearly on a broker’s website, usually at the top or bottom of each webpage.
Pepperstone, for instance, publishes this information in the header of every page on its UK site.
Brokers that do not clearly display the winning/losing percentage may not be regulated, and if they are, they could be in breach of the requirements. Either way, this is a red flag.
What The Figures Mean (And Don’t Mean)
Unsurprisingly, the brokers with the fewest losing traders are likely to attract new users. However, a word of warning…
The percentage of winning/losing traders can change significantly. Volatile assets like cryptocurrency and unpredictable events can cause a spike or drop in the figures. With this in mind, compare similar brands over the same period.
Copy trading has also had an impact on published figures. Losing traders can now opt to follow the strategies and positions of experienced traders, potentially boosting their returns, and in turn, the percentage of profitable clients overall.
Ultimately, brokers with the fewest losing traders are able to stay profitable despite more users making money on their platforms and apps. How they can do this will vary, from lower overheads to higher fees in other areas.
Bottom Line
It is a legal requirement for UK-regulated brokers to publish and update figures on the number of losing traders on their platform. This is good news for traders, who can now see which brokers have the most winning traders. It is also a win for online brokers, who have another marketing tool to attract new retail investors.
FAQ
Do Brokers Have To Publish Losing Trader Figures?
In line with ESMA’s 2018 transparency rules, authorised brokers must publish details of the number of winning/losing customers. This information is publicly available and can normally be viewed in the header or footer of a brand’s website.
How Do Brokers With The Fewest Losing Clients Make Money?
Brokers may charge higher fees in other areas, from wider spreads and larger commissions to withdrawal fees and charges for extra tools and market data. The losing trading percentage isn’t necessarily reflective of the overall service provided by brokers.