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
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eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail CFD accounts lose money.
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Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
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FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ trading markets and three account types, they cater to all levels of trader.
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Founded in 2006, FxPro is an established forex, CFD and spread betting broker offering 2100+ assets to over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers reliable 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.
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Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.
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.