Brokers With The Most Clients In 2026

Written By

James Barra

Edited By

Jemma Grist

Fact Checked By

William Berg

Updated

Sep 17, 2025

We investigated trader numbers across the 140 providers in our evolving database, combining this data with our ratings to rank the largest brokers by client count – helping you find the most established and popular brokers.

Top Brokers With The Most Clients

Below are the 6 most popular brokers based on the number of clients that trade with them. Note that user figures are subject to change.

Learn how we test brokers and why you can trust our ratings.

Why Do These Brokers Lead By Number Of Traders?

Here’s an overview of why these brokers with high client counts trumped the competition in our latest tests:

Plus500US is our top broker with the most clients for 2026. - Plus500US is a well-established broker that entered the US market in 2021. Authorized by the CFTC and NFA, it provides futures trading on forex, indices, commodities, cryptocurrencies, and interest rates. With a 10-minute sign-up, a manageable $100 minimum deposit, and a straightforward web platform, Plus500 continues to strengthen its offering for traders in the US.
Moomoo - Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
InstaTrade - InstaTrade, based in the British Virgin Islands, is an online broker specializing in fixed income structured products and active trading through CFDs. Its zero-spread accounts, excellent research notably through InstaTrade TV, and access to the popular MT4 alongside its own web-accessible InstaTrade Gear, make it an attractive option for short-term traders at every level.
Pionex - Pionex is a crypto trading platform that specializes in trading robots, offering a variety of ready made bots and strategies to traders as well as integrated AI to help customize a strategy or come up with your own. These can be used on spot crypto markets as well as crypto futures.
Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
eToro USA - eToro is a social investing platform that offers short-term and long-term trading on stocks, ETFs, options and crypto. The broker is well-known for its user-friendly community-centred platform and competitive fees. With FINRA and SIPC oversight and millions of users across the world, eToro is still one of the most respected brands in the industry. eToro securities trading is offered by eToro USA Securities, Inc.

Brokers With The Largest User Base Comparison

Compare the most widely used brokers across key metrics:

Brokers With The Largest User Base Comparison
Broker	Minimum Deposit	Demo Account	Instruments	Platforms	Regulators
Plus500US	$100	✔	Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts	WebTrader, App	CFTC, NFA
Moomoo	$0	✔	Stocks, Options, ETFs, ADRs, OTCs	Desktop Platform, Mobile App	SEC, FINRA, MAS, ASIC, SFC
InstaTrade	$1	✔	FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures	InstaTrade Gear, MT4	BVI FSC
Pionex	$0	✘	Cryptos	Own	FinCEN
Interactive Brokers	$0	✔	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
eToro USA	$100	✔	Stocks, Options, ETFs, Crypto	eToro Trading Platform & CopyTrader	SEC, FINRA

Plus500US

"Plus500US stands out as an excellent choice for beginners, offering a very user-friendly platform, low day trading margins, and access to the Futures Academy to enhance trading skills. Its powerful tools and reliable service helped it scoop second place in DayTrading.com's annual 'Best US Broker' award."
Michael MacKenzie, Reviewer

Plus500US Quick Facts

Demo Account	Yes
Instruments	Futures on Cryptocurrencies, Metals, Agriculture, Forex, Interest rates, Energy, Equity Index future contracts
Regulator	CFTC, NFA
Platforms	WebTrader, App
Minimum Deposit	$100
Minimum Trade	Variable
Leverage	Variable
Account Currencies	USD

Pros

Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls.
The Futures Academy is an excellent resource for new traders with engaging videos and easy-to-follow articles, while the unlimited demo account is great for testing strategies
Plus500US excels for its low fees with very competitive day trading margins and no inactivity fees, live data fees, routing fees, or platform fees

Cons

Plus500US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders
The proprietary platform is user-friendly but lacks advanced technical analysis tools found in third-party solutions like MetaTrader 4
While Plus500US continues to broaden its investment offering, it's currently restricted to around 50+ futures with no stocks

Visit Plus500US

Plus500US Review

Moomoo

"Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees."
Jemma Grist, Reviewer

Moomoo Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, ETFs, ADRs, OTCs
Regulator	SEC, FINRA, MAS, ASIC, SFC
Platforms	Desktop Platform, Mobile App
Minimum Deposit	$0
Minimum Trade	$0
Leverage	1:2
Account Currencies	USD, HKD, SGD

Pros

The broker offers access to extended pre-market trading hours
Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
It is reassuring that Moomoo holds licenses with the US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS), among others

Cons

There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
It's a shame that there is no 2 factor authentication (2FA), despite the other security features on offer
There is no phone or live chat support - common options at most other brokers

Visit Moomoo

Moomoo Review

InstaTrade

"Although InstaTrade offers active trading on a comprehensive platform, it stands out with its fairly unique Fixed Income Structured Product (FISP), providing passive investment opportunities with up to 50% returns in 6 months if conditions are met. "
Christian Harris, Reviewer

InstaTrade Quick Facts

Demo Account	Yes
Instruments	FISP, CFDs, Forex, Stocks, Indices, Commodities, Cryptos, Futures
Regulator	BVI FSC
Platforms	InstaTrade Gear, MT4
Minimum Deposit	$1
Minimum Trade	0.01
Leverage	1:1000
Account Currencies	USD, EUR, RUB

Pros

Despite an average investment offering of around 300 assets, InstaTrade offers a particularly strong suite of currency pairs, catering to advanced traders seeking opportunities in volatile exotics.
InstaTrade TV, consisting of video interviews and valuable market insights spanning equities, cryptos and more, helps identify opportunities and inform short-term trades.
InstaTrade delivers an excellent suite of charting tools for day traders with its web trader comprising 250+ indicators, 11 chart types and a user-friendly design.

Cons

Marketing of the FISP, especially phrasing around the “guarantee of profitability” and the “elimination of risks of trading on financial markets” raises concerns.
InstaTrade sports one of the most cluttered websites and client cabinets in the industry, potentially overwhelming new traders, especially compared to XTB’s intuitive trading journey and resources.
Profits are only guaranteed in the FISP if investors do not reach the 50% profit level and attract other users with a total sum of $4 for each dollar in compensation.

Visit InstaTrade

InstaTrade Review

Pionex

"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading."
William Berg, Reviewer

Pionex Quick Facts

Demo Account	No
Instruments	Cryptos
Regulator	FinCEN
Platforms	Own
Minimum Deposit	$0
Minimum Trade	0.1 USDT

Pros

Money Services Business (MSB) license by US FinCEN
Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script
Excellent and innovative liquidity engines aggregated from Binance and Huobi

Cons

Withdrawal fees and limits may apply
Weak regulatory oversight raises safety concerns
Limited contact options

Visit Pionex

Pionex Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies
Regulator	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
Platforms	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
Minimum Deposit	$0
Minimum Trade	$100
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries, most recently the Saudi Stock Exchange.

Cons

Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.

Visit Interactive Brokers

Interactive Brokers Review

eToro USA

"eToro remains a top pick for traders looking for leading social investing and copy trading services. With a low deposit, zero commissions and an intuitive platform, the broker will meet the needs of newer day traders."
Jemma Grist, Reviewer

eToro USA Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, ETFs, Crypto
Regulator	SEC, FINRA
Platforms	eToro Trading Platform & CopyTrader
Minimum Deposit	$100
Minimum Trade	$10
Account Currencies	USD

Pros

The low minimum deposit and straightforward account opening process means beginners can get started quickly
A free demo account means new users and prospective day traders can try the broker risk-free
The broker's Academy offers comprehensive learning materials for beginners to advanced-level investors

Cons

Average fees may cut into the profit margins of day traders
There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
The proprietary terminal doesn't support trading bots and there are no additional stock market analysis tools

Visit eToro USA

eToro USA Review

Should You Choose A Broker With A Large Client Base?

In our experience, opting for a broker with a substantial client base comes with several key advantages:

Trust & Reliability: Our investigations found that larger brokers are often heavily regulated by ‘green tier’ bodies in DayTrading.com’s Regulation & Trust Rating, enhancing security and investor protection. Interactive Brokers is a great example, with over 3.5 million clients and licenses from over 10 respected regulators.
Extensive Asset Selection: Our tests show that the biggest brokers typically offer a wider range of tradable assets to help you build a diverse portfolio, from stocks and funds to currencies and derivatives. Just look at eToro – it provides over 7,000 instruments to its more than 38 million customers.
Better Resources: More clients typically means access to comprehensive educational tools and community insights, making them attractive options for newer traders. XTB demonstrates this in abundance with a well-written suite of training articles for its over 1 million traders.
Continuous Platform Innovation: We’ve seen that brokers with more users generally invest in improving their platforms, ensuring cutting-edge technology and features to retain their large client case. Plus500 is a prime example of this, seriously upgrading the usability and features of its mobile app and web trader in the years we’ve been evaluating it.
Greater Liquidity & Faster Execution: High trading volumes can lead to smoother order execution and better pricing, which are vital for active trading styles like day trading. IG remains a great option in this regard, providing 0.014-second average execution speeds to its hundreds of thousands of clients.

For my personal investments, I only choose well-established brokers with large client bases.

Why? Because they typically offer reliability, peace of mind, and user-friendly tools – essential qualities for both beginner and experienced traders.

James Barra

Contributor

Does A Bigger Broker Always = A Better Broker?

Not necessarily. While a large client base can indicate trustworthiness, stability, and better features, bigger doesn’t always mean better.

Here’s why:

Higher Fees: Unfortunately we’ve seen that some large brokers charge higher spreads, commissions, or inactivity fees. We don’t like seeing major brokers abusing their position in the market by levying high fees on day traders because we know it can impact their profitability.
Slower Customer Support: We’ve found that a massive user base can sometimes lead to longer response times and less personalized service. Fortunately, the firms that made our toplist performed well during our direct tests of their support.
Less Flexibility: Bigger firms may not cater to more niche day trading strategies like scalping, provide personalized account features, or such generous leverage terms that active traders may be seeking.
Marketing Over Substance: To our annoyance, some large brokers like Robinhood appear to invest heavily in advertising rather than platform improvements or user experience. Where this is the case, we lower their ratings.

In conclusion, it’s always best to compare brokers based on your specific needs – not just size alone.

FAQ

How Big Are The Brokers With The Most Clients?

While many big brokers boast hundreds of thousands of clients, the true heavyweights service many more customers.

Based on our latest research, there are a number of brokerages with millions of clients. Among the biggest are eToro (38 million), FBS (27 million), and Plus500 (26 million).