Which UK Brokers Have The Most Clients?
Brokers with the most clients are often considered to be the most reputable and reliable, as proven by their large, longstanding user base. There are several brokers with a big presence in the UK. Below we have rounded up our top five brokers with active clients, including details on the number of accounts and their respective benefits.
Biggest UK Brokers
-
eToro, a leading multi-asset platform, provides access to trading services across thousands of CFDs, stocks, and cryptocurrencies. Established in 2007, it boasts millions of active traders worldwide and is sanctioned by top-tier regulators such as the FCA and CySEC. It stands out for its extensive social trading feature. Crypto investments are unstable and carry risk. Tax implications might apply. Acknowledge the risks involved. 61% of retail CFD accounts incur losses.
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 -
Founded in 2008 and based in Israel, Plus500 is a leading brokerage with over 25 million registered traders across more than 50 countries. It focuses on CFD trading, offering a user-friendly proprietary platform and mobile app. The company provides competitive spreads and does not impose commissions or charges for deposits or withdrawals. Plus500 stands out as a highly trusted broker, licensed by respected authorities such as the FCA, ASIC, and CySEC.
Instruments Regulator Platforms CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA WebTrader, App Min. Deposit Min. Trade Leverage $100 Variable 1:30 -
FXTM, founded in 2011, is a forex and CFD broker operating worldwide. Regulated by top authorities such as the FCA, it provides a secure trading environment. With over 1,000 markets and three account types, FXTM accommodates traders of all experience levels.
Instruments Regulator Platforms CFDs, Forex, Commodities, Indices, Stocks, Crypto FCA, FSC, CMA FXTM Trader, MT4, MT5 Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:30 -
Founded in 2006, FxPro has built a reputation as a reliable non-dealing desk (NDD) broker, providing trading access across more than 2,100 markets to over 2 million clients globally. It has received over 100 industry awards, reflecting its favourable conditions for active traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
Established in Poland in 2002, XTB caters to over a million clients worldwide. This forex and CFD broker offers a robust regulatory framework, a diverse range of assets, and prioritises trader satisfaction. It provides an intuitive proprietary platform equipped with excellent tools to support aspiring traders.
Instruments Regulator Platforms CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti xStation Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30
eToro
Plus500
FXTM
FXPro
XTBSafety Comparison
Compare how safe the Which UK Brokers Have The Most Clients? are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| eToro | ✔ | ✔ | ✘ | ✔ | |
| Plus500 | ✔ | ✔ | ✔ | ✔ | |
| FXTM | ✔ | ✔ | ✘ | ✔ | |
| FXPro | ✔ | ✔ | ✘ | ✔ | |
| XTB | ✔ | ✔ | ✔ | ✔ |
Payments Comparison
Compare which popular payment methods the Which UK Brokers Have The Most Clients? support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| eToro | ✔ | ✔ | ✘ | ✔ | ✔ | ✘ |
| Plus500 | ✔ | ✔ | ✔ | ✘ | ✔ | ✔ |
| FXTM | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
Mobile Trading Comparison
How good are the Which UK Brokers Have The Most Clients? at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| eToro | iOS & Android | ✘ | ||
| Plus500 | iOS, Android & Windows | ✘ | ||
| FXTM | iOS & Android | ✘ | ||
| FXPro | iOS & Android | ✘ | ||
| XTB | iOS & Android | ✔ |
Beginners Comparison
Are the Which UK Brokers Have The Most Clients? 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 |
|---|---|---|---|---|---|
| eToro | ✔ | $50 | $10 | ||
| Plus500 | ✔ | $100 | Variable | ||
| FXTM | ✔ | $200 | 0.01 Lots | ||
| FXPro | ✔ | $100 | 0.01 Lots | ||
| XTB | ✔ | $0 | 0.01 Lots |
Advanced Trading Comparison
Do the Which UK Brokers Have The Most Clients? offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| eToro | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✘ | 1:30 | ✘ | ✔ | ✘ | ✔ |
| Plus500 | ✘ | ✘ | 1:30 | ✘ | ✘ | ✘ | ✘ |
| FXTM | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 | ✔ | ✘ | ✔ | ✘ |
| FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| XTB | Open API | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Which UK Brokers Have The Most Clients?.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| eToro | |||||||||
| Plus500 | |||||||||
| FXTM | |||||||||
| FXPro | |||||||||
| XTB |
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
- eToro has launched EUR and GBP accounts, reducing conversion fees and offering a trading experience better suited to local requirements.
- Diverse investment portfolios are accessible, encompassing traditional markets, technology, cryptocurrency, and beyond for traders.
- The broker offers excellent services for beginners, featuring commission-free stock trading, a low minimum deposit, and an unlimited demo account.
Cons
- The only significant contact option, besides the in-platform live chat, is limited.
- The absence of extra charting platforms such as MT4 may deter experienced traders who rely on external software.
- 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 Plus500
"Plus500 provides a seamless experience for traders with its CFD platform, featuring a sleek design and interactive charting. However, its research tools are basic, fees are higher than the most economical brokers, and its educational resources could be improved."
Pros
- The customer support team consistently delivers reliable support around the clock through email, live chat, and WhatsApp.
- Plus500 has expanded its range of short-term trading instruments by adding VIX options, which feature increased volatility. Additionally, it has extended trading hours for seven stock CFDs.
- Plus500 offers a dedicated WebTrader platform tailored specifically for CFD trading. It features a user-friendly and streamlined interface.
Cons
- Compared to competitors like IG, Plus500 offers limited research and analysis tools.
- Plus500's omission of MetaTrader and cTrader charting tools may deter seasoned traders seeking familiar platforms.
- The lack of social trading features prevents users from copying trades made by seasoned traders.
Our Take On FXTM
"FXTM caters to seasoned traders, offering accounts tailored for short-term strategies. It won DayTrading.com's 'Best ECN Account' award. Experience tight, reduced spreads and benefit from VPS support for algorithmic trading."
Pros
- FXTM stands out as a leading MetaTrader brokerage, offering custom MT4 tools like a Pivot Point Indicator, Pip Value Calculator, and Spread Indicator for more accurate trading.
- FXTM offers an impressive selection of payment options, with a focus on local solutions in Africa and Asia such as M-Pesa and TC Pay Wallet. E-wallet withdrawals are processed rapidly, often within 30 minutes, accommodating traders needing swift fund access.
- FXTM’s UK division provides exceptional client safeguards, including top-tier coverage of up to $1 million per client and segregated accounts, reinforcing security for traders with substantial balances.
Cons
- FXTM's educational resources, including its insightful e-books, have significantly improved. However, these materials are predominantly aimed at novices, which may not attract seasoned traders.
- FXTM specialises in CFDs and a select range of stocks but does not offer ETFs, options, or futures. This may restrict diversification for traders aiming to explore various market opportunities.
- FXTM imposes a $10 inactivity fee following just three months without trading. This is shorter than the period many brokers offer and might frustrate those who do not trade regularly.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
Cons
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
Our Take On XTB
"XTB emerges as an ideal option for novice traders, offering the impressive xStation platform, zero commission pricing, no required minimum deposit, and outstanding educational resources, many of which are conveniently integrated into the platform."
Pros
- Setting up an XTB account is straightforward and fully online, requiring only a few minutes. This simplicity eases new traders into the world of trading.
- XTB offers a diverse range of over 7,000 instruments, including CFDs on shares, indices, ETFs, commodities, forex, and cryptocurrencies. The platform also provides real shares, real ETFs, share dealing, and the latest addition, Investment Plans, serving both traders seeking short-term gains and investors focused on long-term growth.
- XTB has raised its interest rate on uninvested funds and introduced zero-fee ISAs for UK clients, offering access to 3,000 stocks and 700 ETFs for diverse investment opportunities.
Cons
- XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.
- It is frustrating that XTB products do not allow traders to modify the default leverage level. Manually adjusting leverage can greatly reduce risk in forex and CFD trading.
- The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
eToro
31 Million Clients Registered
eToro is a British/Israeli brokerage that is regulated by the Financial Conduct Authority (FCA) and specialises in social trading. The brand boasts an active trading community, making it one of the more popular brokers around today.
A strong competitor for the other UK brokers with the most clients, eToro was founded in 2007 as a forex platform and has since expanded to offer investing in stocks, indices, commodities, ETFs, and more. It is built on social collaboration and investor education.
eToro launched a proprietary platform in 2010 and has worked to improve functionality over the subsequent years. The platform is now intuitive and well-suited to beginner investors.
One-click trading, technical analysis and ready-made investment strategies are all offered by the software package. Copy trading, a range of charting options and in-built market data are also available.
Clients enjoy free and instant deposits, while withdrawals are supported with eToro Money. Additional payment methods are provided, including bank cards and wire transfers.
eToro is a good option for traders looking to get into copy trading and social investing. CopyTrader™ incorporates the main features and products of the original investing solution in addition to new developments such as the Popular Investor feature, which allows clients to earn extra income.
Advantages:
- Copy trading
- FCA-regulated
- 24/7 customer support
- Award-winning global platform
- Mobile app and desktop platforms
- 5000+ instruments including fractional shares
Best For: social and copy trading
Plus500
24 Million Clients Registered
Plus500 is a popular CFD broker, offering an intuitive investing experience through its proprietary platform.
Since the firm’s inception in 2008, FCA-regulated Plus500 has built up a reputation as a reliable and trustworthy broker. Today, it is amongst the highest-rated trading apps on the Apple App Store and Google Play and sits as one of the top UK brokers.
The company operates under the trading name Plus500 UK Ltd in the UK, with several other global subsidiaries making up the Plus500 group. Plus500 is also listed on the London Stock Exchange, ticker: PLUS and is part of the FTSE 250 index.
Retail and professional investors enjoy fast order execution on the proprietary WebTrader platform, with 2,800 instruments available across several asset classes.
Whilst there is only one account type available, the minimum deposit of £100 makes the firm accessible for beginners. Zero deposit and withdrawal fees or custody charges further add to the accessibility of the platform.
Mobile trading is supported and leverage is available at rates of up to 1:30 for UK clients, in line with industry regulations.
With decades of experience under its belt, Plus500 offers a premium trading experience accessible to all.
Advantages:
- 2,800 assets
- Trustworthy
- FCA-regulated
- Flexible payment options
- 50+ countries including the UK
Best For: all-round trading experience
FXTM
4 Million Clients Registered
FXTM is a leading forex and CFD broker offering trading on 1,000+ instruments across global markets. Stocks, indices, commodities, forex and CFDs are all offered with competitive spreads.
Over four million clients choose to trade with FXTM, attracted by its flexible account types, range of financial instruments and integration of the popular trading platform, MT4.
Daily market analysis is also provided by the FXTM global research team, alongside a suite of tools and widgets, advanced signals and currency converters.
FXTM is a decorated broker with multiple industry awards to its name including Best Trading Experience 2021, Best ECN Broker 2020 and Best Education Provider 2020.
Customer support is offered in 30+ languages and there is a variety of deposit and withdrawal methods accepted.
Advantages:
- Demo account
- FCA-regulated
- 1,000+ instruments
- MT4 & MT5 integration
- Flexible account options
- Free educational materials
Best For: traders looking for educational materials and insights
FxPro
1.5 Million Clients Registered
FxPro is popular in the UK and has been providing online trading services since 2006. It has won 100+ awards for the quality of its products and is internationally recognised as a trustworthy broker.
FxPro is owned by FxPro Group and operates in the UK as FxPro UK Ltd. The company is regulated by the FCA and clients have access to the Financial Services Compensation Scheme (FSCS).
Traders can choose between several platforms including the popular MetaTrader 4, MetaTrader 5 and cTrader solutions, in addition to proprietary software. FxPro also offers a good range of assets, including 70+ forex pairs, energies, precious metals, stocks, and indices.
In addition, FxPro facilitates automated trading. On offer is an advanced algo and technical indicator coding application that allows clients to build custom indicators and algorithmic trading strategies. The brand also offers a free VPS.
Advantages:
- Fast execution
- No deposit fees
- 2,100+ instruments
- Transparent pricing
- 0.01 micro lot trading
- MT4, MT5 and cTrader integration
Best For: active traders looking for a range of assets
XTB
580,000 Clients Registered
XTB is one of the largest stock exchange-listed CFD brokers, connecting more than 500,000 clients to global markets for nearly 20 years through its proprietary xStation platform.
XTB is known for providing its users with a fast, secure and reliable trading experience. With a reputation built on transparency and speed, it has won various awards, including Best Forex and ECF Broker in 2021, Best Forex Broker in 2022, and Best CFD Broker in 2022.
The platform offers commission-free trading in forex, indices, commodities, stock CFDs and ETF CFDs.
There is also no minimum deposit to open an XTB trading account, making it widely accessible. Multiple payment methods are supported, including credit and debit cards, plus wire transfers and eWallets like Skrill and Neteller.
XTB also offers a wide range of educational resources through its Learn To Trade tab. Here, clients can access free articles and eBooks, ideal for beginners.
Advantages:
- FCA-regulated
- 2,100+ instruments
- 15+ years experience
- No minimum deposit
- xStation 5 platform
Best For: beginners
Benefits Of Trading With Large Brokers
A large client base is often a good indicator of the legitimacy and reputation of a brokerage. Brokers with more clients tend to be better established and able to offer good levels of security and a clean, high-quality user experience. The main benefits include:
- Reputation – If someone does a job well, you are more likely to recommend them to a friend. The same goes for trading brokers. Often, a firm’s client base has, to some extent, been built by happy customers recommending the broker to their peers.
- Regulation – Normally, the UK brokers with the most clients are regulated by the FCA. We always recommend opting for a regulated brokerage where possible as they generally provide clients with a greater degree of protection than their unregulated counterparts.
- Professionalism – Larger trading brokers tend to have more established processes and ways of interacting with clients. They are more likely to have a reliable customer support team, a complaints management process and experienced staff. All of these are factors that contribute to a more professional client experience.
- Flexibility – We have seen some of the most flexible accounts, fee structures and payment methods offered by some of the largest brokers. These firms have the resources and know-how to integrate additional flexibility into their platforms and apps, catering to a wide range of trading styles and needs.
Bottom Line
UK investors have several good options when looking at brokers with a large client base, from eToro to Plus500, FXTM, FxPro, and XTB. Our team have found that some of the biggest brokers offer a premium, reliable and secure trading experience, while being able to cater to a range of trading strategies, interests and experience levels.
It is worth noting, however, that the size of a broker’s client base is not the only factor to consider when choosing a brand. Platforms, tools, instruments, fee structure, regulation and security should not be overlooked. Ultimately though, size can often be a good indication of reputation.
FAQ
What Is The Biggest UK Broker?
Plus500 and eToro are amongst the biggest UK brokers with the most clients. Each has a global client base of over 20 million.
Are Brokers With More Clients Better?
Brokers with the most clients are not necessarily better than those with fewer active users. However, a large client base tends to be an indication that a broker is trustworthy.
There are, of course, other factors to consider when choosing a brokerage, including UK regulations, platforms, tools and pricing.
Which Are The Brokers With The Highest Achieving Clients?
There does not tend to be in-depth public declarations by brokers of client success and the size of a brokerage is not an indication of the money its traders will earn.
With that said, UK-regulated brokers are required to publicise the percentage of their clients that lose money, otherwise known as the brokers with the most winning traders.