Brokers With The Most Clients In 2026
Written By
James Barra
Written By
James Barra
Head of Content and Media Lead
Edited By
Jemma Grist
Edited By
Jemma Grist
Broker Analyst and Editor
Fact Checked By
William Berg
Fact Checked By
William Berg
Head Legal Analyst & Securities Law Expert
Updated
Mar 3, 2026
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.
Your capital is at risk. Trade only with funds you can afford to lose.
Tested with a live trading account
Accept traders from United States
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1
Plus500USNumber of clients: 32,000,000Trading in futures and options involves the risk of loss and is not suitable for everyone. -
2
MoomooNumber of clients: 24,000,000 -
3
PionexNumber of clients: 5,000,000 -
4
Interactive BrokersNumber of clients: 4,300,000 -
5
eToro USANumber of clients: 3,200,000eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation -
6
NinjaTraderNumber of clients: 1,800,000
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 ($200 if you use wire transfer), 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.
- 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 over 170 markets across 40 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.
- NinjaTrader - NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
Brokers With The Largest User Base Comparison
Compare the most widely used brokers across key metrics:
| 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, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC |
| Pionex | $0 | ✔ | Cryptos, Perpetual Futures | Own | NMLS, CBI, AMF |
| 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 | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS |
| eToro USA | $50 | ✔ | Stocks, Options, ETFs, Crypto | eToro Trading Platform & CopyTrader | SEC, FINRA |
| NinjaTrader | $0 (live trades must meet intraday margin minimums, e.g., $50 to trade micro contracts) | ✔ | Futures, Forex, Stocks, Options, Commodities, Futures, Crypto (non-futures depend on provider) | NinjaTrader Desktop, Web & Mobile, eSignal | NFA, CFTC, CySEC |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Plus500US | 19518 | ||||
| Moomoo | 487 | ||||
| Pionex | 624 | ||||
| Interactive Brokers | 5398 | ||||
| eToro USA | 31821 | ||||
| NinjaTrader | 1180 |
Plus500US
"Plus500US stands out as an excellent choice for beginners, offering a very user-friendly platform 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 |
| Account Currencies | USD |
Pros
- The straightforward account structure, pricing model and web platform offer an easier route into futures trading than rivals like NinjaTrader
- Plus500 is a publicly traded company with a good reputation, over 24 million traders, and a sponsor of the Chicago Bulls.
- Plus500 added prediction markets to its 'Plus500 Futures' platform in February 2026, with event-based trades covering 10 categories, from financials to politics, including short-term opportunities with intraday contracts that expire after just 15 minutes.
Cons
- Plus500US does not offer social trading capabilities, a feature available at alternatives like eToro US which could strengthen its offering for aspiring traders
- Despite competitive pricing, Plus500US lacks a discount program for high-volume day traders, a scheme found at brokers like Interactive Brokers
- Although support response times were fast during tests, there is no telephone assistance
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."
Moomoo Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, Options, ETFs, ADRs, OTCs |
| Regulator | SEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC |
| Platforms | Desktop Platform, Mobile App |
| Minimum Deposit | $0 |
| Minimum Trade | $0 |
| Account Currencies | USD, HKD, SGD |
Pros
- Moomoo is a Member of FINRA and the Securities Investor Protection Corporation (SIPC), adding another level of security for prospective clients
- There are reduced options contract fees from $0.65 to $0
- The broker offers access to extended pre-market trading hours
Cons
- The account range is narrow compared to other brokerages in its class with no managed portfolios or robo-advisor solutions
- Moomoo has faced multiple regulatory penalties in recent years, including fines and orders in 2026 that stopped it temporarily accepting some Japanese and Chinese clients
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
Pionex
"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading."
Pionex Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Cryptos, Perpetual Futures |
| Regulator | NMLS, CBI, AMF |
| Platforms | Own |
| Minimum Deposit | $0 |
| Minimum Trade | 0.1 USDT |
Pros
- Low spot trading fees compared with other major exchanges at 0.05% maker and taker
- Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script
- 16+ free integrated trading bots with no coding or programming requirements, which can also be deployed on tokenized U.S. equities and real-world assets, not just cryptocurrencies.
Cons
- Withdrawal fees and limits may apply
- Limited contact options
- Weak regulatory oversight raises safety concerns
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 | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS |
| Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | $100 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- 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.
- While primarily geared towards experienced traders, IBKR has made moves to broaden its appeal in recent years, reducing its minimum deposit from $10,000 to $0.
- IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
Cons
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
- 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.
- IBKR was fined $11.8m by the US OFAC in 2025 for providing services in sanctioned jurisdictions. It was also fined $125k by FINRA in 2025 for municipal bond disclosure failures.
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."
eToro USA Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Stocks, Options, ETFs, Crypto |
| Regulator | SEC, FINRA |
| Platforms | eToro Trading Platform & CopyTrader |
| Minimum Deposit | $50 |
| Minimum Trade | $10 |
| Account Currencies | USD |
Pros
- Investors can access Smart Portfolios for a more hands-off approach, covering a range of sectors and markets such as renewable energy and artificial intelligence
- eToro USA Securities is a trustworthy, SEC-regulated broker that is a member of FINRA and SIPC
- The low minimum deposit and straightforward account opening process means beginners can get started quickly
Cons
- There's a narrower range of day trading instruments available compared to competitors, with only stocks, ETFs, options, and cryptos
- There's no MetaTrader 4 platform integration for traders who are accustomed to using third-party charting tools
- eToro USA was fined $1.5 million by the SEC in 2024 related to unregistered crypto offerings
NinjaTrader
"NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
NinjaTrader Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | Futures, Forex, Stocks, Options, Commodities, Futures, Crypto (non-futures depend on provider) |
| Regulator | NFA, CFTC, CySEC |
| Platforms | NinjaTrader Desktop, Web & Mobile, eSignal |
| Minimum Deposit | $0 (live trades must meet intraday margin minimums, e.g., $50 to trade micro contracts) |
| Minimum Trade | 0.01 Lots |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- The market replay function is a standout feature — you can download tick-by-tick historical data, rewind to any specific date, and interact with it as if trading live, making it genuinely useful for both strategy testing and real-world practice
- NinjaTrader launched CME Group Single Stock futures in July 2026, allowing traders to express directional views in top U.S. companies like Nvidia, and Amazon without needing options
- Nano contracts — one-hundredth the size of standard contracts — allow traders to size positions with precision and manage risk at a much smaller scale, a meaningful advantage for those building positions gradually
Cons
- Intraday margin requirements can spike by as much as four times in the 15 minutes leading up to major economic news releases, and may stay elevated for several minutes after volatility subsides — a detail that can catch underprepared traders off guard at exactly the wrong moment.
- NinjaTrader was acquired by Kraken in May 2025, and while it continues to operate independently for now, traders who value long-term stability may have reservations about how the platform's direction and pricing could shift under new ownership.
- NinjaTrader was fined $250k in 2025 for failing to implement an adequate anti-money laundering (AML) program and for supervisory failures.
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.
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).