10 Best Forex Brokers in Israel
The 10 Best Forex Brokers in Israel – Rated and Reviewed. We have listed the top Forex Brokers accepting Israeli Traders.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Israel – a List
- Is Forex Trading Legal in Israel
- The Best MT4/MT5 Forex Brokers for Beginners
- Low ILS Minimum Deposit Brokers
and much, MUCH more!
10 Best Forex Brokers in Israel – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Israeli Traders | 💶 Min. Deposit (ILS) |
| 🥇 Saxo | 👉 Click Here | ✅Yes | None |
| 🥈 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥉 Tickmill | 👉 Click Here | ✅Yes | 376.11 |
| 🏅 Pepperstone | 👉 Click Here | ✅Yes | 482.14 |
| 🎖️ FP Markets | 👉 Click Here | ✅Yes | 241.07 |
| 🥇 Vantage Markets | 👉 Click Here | ✅Yes | 188.06 |
| 🥈 IG | 👉 Click Here | ✅Yes | 188.06 |
| 🥉 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🏅 Plus500* | 👉 Click Here | ✅Yes | 376.11 |
| 🎖️ AvaTrade | 👉 Click Here | ✅Yes | 376.11 |
*82% of retail CFD accounts lose money.
10 Best Forex Brokers in Israel (2024)
- ☑️ Saxo – Overall, the Best Forex Broker accepting Israeli Traders.
- ☑️ CMC Markets – Advanced research and educational tools.
- ☑️ Tickmill – Free deposit and withdrawal.
- ☑️ Pepperstone – Great customer service.
- ☑️ FP Markets – Best Forex Broker for Beginners.
- ☑️ Vantage Markets – Best Online Trading Experience.
- ☑️ IG – High User Trust Score.
- ☑️ Interactive Brokers – Best web-based trading platform.
- ☑️ Plus500 – Multi-asset CFD broker.
- ☑️ AvaTrade – Best Broker for Copy Trading.
Saxo
Saxo Bank is a renowned investment firm. Account offers are Classic, Platinum, and, VIP. Moreover, the Proprietary Platforms are SaxoTraderGO and SaxoTraderPRO.
No Minimum Deposit is set.
| 🔎 Broker | 🥇 Saxo Bank |
| 📌 Year Founded | 1992 |
| 👤 Amount of staff | Approximately 2,000 |
| 👥 Amount of active traders | Over 800,000 |
| 📍 Publicly Traded | ✅Yes |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | FSA FCA |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative balance protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 💹 Account Types and Features | SaxoTraderGO, SaxoTraderPRO |
| 🅰️ Institutional Accounts | Available |
| 🅱️ Managed Accounts | Available |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | Varies by account type and region |
| ⏰ Avg. deposit processing time | Typically 1-2 business days |
| ⏱️ Avg. Withdrawal processing time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | No standard fee, may vary depending on method |
| 💷 Spreads from | 0.4 pips (varies by instrument and market conditions) |
| 💳 Commissions | Variable, depending on account type and trading volume |
| 💸 Number of base currencies | Over 40 |
| 💲 Swap Fees | Varies depending on account type and instrument |
| ▶️ Leverage | Up to 1:200 (varies by asset class and jurisdiction) |
| ⏹️ Margin requirements | Varies by asset class |
| ☪️ Islamic account | Available |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | Typically milliseconds to seconds |
| 🖥️ VPS Hosting | Available |
| 📊 CFDs Total Offered | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📈 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 💻 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 🖱️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting, research tools, trading signals |
| 🥰 Customer Support | Very Responsive |
| 🗯️ Live chat | ✅Yes |
| 💌 Support Email | Varies by Region |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Facebook, Twitter, |
| 🔖 Languages | Multiple languages including English, Danish, German, etc. |
| 🏷️ Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Yes (includes articles, videos, and courses) |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🌟 Sponsor notable events/teams | Various |
| 💰 Rebate program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ♒ Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
Saxo is best suited to established traders. It offers a diverse trading environment.
CMC Markets
CMC Markets is regulated by BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts offered are CFD, Spread Betting, and, Corporate.
Moreover, MetaTrader4 is available.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
CMC Markets suits all traders. Moreover, it has a global presence in crucial financial hubs and, no minimum deposit is set.
Tickmill
Tickmill is a prominent forex and CFD broker. Moreover, it adheres to strict regulatory standards. Accounts offered are Pro, Classic, and, VIP. Furthermore, the Classic account is commission-free.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Tickmill suits professional traders. Moreover, the 100 USD/ 376.11 ILS deposit is fair.
Pepperstone
Pepperstone is a prominent Forex and CFD broker. Moreover, it provides security through segregated bank accounts and negative balance protection.
Furthermore, it is licensed by ASIC and the FCA.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
Pepperstone suits established traders. The overall trading experience is user-friendly. However, the AU$200 Deposit is High.
FP Markets
FP Markets offer Tight Spreads and Low Forex Fees. Moreover, it is regulated by ASIC, CySEC, FSCA, FSA, and, FSC.
Customer Support is available 24/7.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
FP Markets suits all traders. Moreover, it provides MetaTrader and cTrader accessibility. Furthermore, Education is provided.
Vantage Markets
Vantage Markets is a reliable multi-asset Forex Broker. It provides various account types for different trading preferences.
Moreover, the Standard STP Account is commission-free.
| 🔍 Broker | 🥇 Vantage Markets |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Vantage Markets provides narrow spreads on its ECN accounts, which could lower trading expenses | Some payment methods, notably international bank transfers, might incur withdrawal fees |
| Their technology is designed to provide fast transaction execution while minimizing slippage in turbulent markets | Some services and product offers may be restricted based on your location due to legislative limits |
| Traders can use webinars, market analysis, and other instructional resources | Share CFD trading expenses on Vantage Markets could be higher than those of certain rivals |
Our Insights
Vantage Markets suits Novice Traders. Moreover, it provides commission-free accounts and education. Furthermore, the minimum deposit is low and the customer support is multilingual.
IG
IG is a well-regulated and renowned Forex Broker. It provides 17,000+ instruments across asset classes. Furthermore, Scalping and Hedging are allowed.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| IG is a well-regulated and renowned spread betting broker | IG might be complex for beginners |
| There are over 17,000 instruments across asset classes | There is a high minimum deposit required |
| There is no capital gains tax or stamp duty charged, increasing profits | While negative balance protection is available, traders can still lose their entire investment |
Our Insights
IG is a complex Broker Choice for beginners. Moreover, a high minimum deposit is required.
Interactive Brokers
Nine Tier-1 entities regulate Interactive Brokers. Accounts offered are IBKR Lite and IBKR Pro. Moreover, all trading platforms are proprietary.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
Interactive Brokers suites experienced traders. It offers specialized services.
Plus500
Plus500 is a highly regulated CFD provider. It offers a single trading account paired with proprietary trading software. Moreover, an Affiliate Program is available.
| 🔎 Broker | 🥇 Plus500 |
| 📌 Year Founded | 2008 |
| 👤 Amount of staff | 1,000+ |
| 👥 Amount of active traders | Over 400,000 active traders (as of the latest reports) |
| 📍 Publicly Traded | Yes, listed on the London Stock Exchange (LSE: PLUS) |
| 🛡️ Regulation and Security | Very High |
| ⭐ Regulation | FCA CySEC ASIC MAS FSA EFSA DFSA CFTC |
| 🌎 Country of regulation | UK Australia Cyprus New Zealand |
| 1️⃣ Suited to Professionals | ✅Yes |
| 2️⃣ Suited to Active Traders | ✅Yes |
| 3️⃣ Suited to Beginners | ✅Yes |
| 🥰 Most notable Benefit | Wide range of tradable instruments futures on forex, stocks, commodities, indices, etc.), user-friendly platform |
| 🥺 Most Notable Disadvantage | Limited educational resources for beginners, lack of fundamental analysis tools |
| 🔃 Account Segregation | Client funds are kept in segregated accounts |
| 🔋 Investor Protection Schemes | Client funds are protected under the Financial Services Compensation Scheme (FSCS) in the UK, and other local protection schemes |
| ⚙️ Account Types and Features | Real Account Demo Account |
| 💴 Minor account currencies | USD, EUR, GBP, and other major currencies available for trading; minor currencies not as widespread |
| 💶 Minimum Deposit | $100 (or equivalent in other currencies) |
| ⏰ Average deposit processing time | Instant (depending on payment method) |
| ⏲️ Average withdrawal processing time | 1-3 business days |
| 💵 Fund Withdrawal Fee | No withdrawal fees for most methods |
| 💳 Commissions | Commissions only, No spreads |
| 💰 Swap Fees | Applicable swap fees/overnight financing |
| ↪️ Leverage | varies by instrument (Trading with leverage comes with a high risk and may not be suitable for everyone.) |
| ➡️ Margin requirements | Varies by asset class typically between 2% to 5% |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | 1-2 seconds |
| 📈 Total Offered | Over 2,000+ Futures |
| 📉 Stock Indices | ✅Yes |
| 🌽 Commodities | ✅Yes |
| 📊 Shares | ✅Yes |
| 💹 Deposit Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 💱 Withdrawal Options | Credit/debit cards bank transfer PayPal Skrill Neteller e-wallets |
| 🖥️ Trading Platforms | Plus500 WebTrader, Plus500 Mobile App +INSIGHTS |
| 💻 OS Compatibility | WebTrader (browser based), iOS, Android |
| 🖱️ Forex trading tools | Basic charting tools, risk management tools (stop-loss, take profit), no advanced trading tools like MetaTrader4/5 |
| 🩷 Customer Support | Responsive |
| 🐦 Social Media Platforms | Facebook YouTube |
| 🗯️ Languages supported | English, Spanish, German, French, Italian, Portuguese, Dutch, Chinese, and other languages |
| 🎓 Forex course | No comprehensive course; limited resources |
| ✏️ Webinars | Limited availability |
| 📔 Educational Resources | Basic tutorials and guides |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Hundreds of affiliate partners globally |
| 🤝 IB Program | ✅Yes |
| 🎉 Sponsor | Legia Warsaw Chicago Bulls BSC Young Boys |
| 🚀Open an Account | 👉 Click Here (82% of retail CFD accounts lose money.) |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Full, unlimited demo account | Basic educational materials |
| Several top-tier Regulations | Inactivity fees can be imposed |
Our Insights
Plus500 suites Professional Traders. The Proprietary platform will overwhelm Novice investors.
AvaTrade
AvaTrade is regulated by the Central Bank of Ireland and ASIC in Australia. Moreover, the copy trading platforms provided are ZuluTrade and DupliTrade.
MetaTrader 4 and 5 are available.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,260+ instruments | Inactivity Fees |
| Islamic Account | Limited Deposits and Withdrawals |
Our Insights
AvaTrade suits established traders. Moreover, AvaTrade Trading Fees are High.
Is Forex Trading Legal in Israel?
Forex Trading is Legal in Israel. Moreover, it is authorized by the Israel Securities Authority (ISA).
In Conclusion
Forex Trading is Legal in Israel. Furthermore, it is governed by the Israel Securities Authority. Moreover, top international Forex Brokers accept Israeli Traders. Selecting an Internationally Regulated Broker with top customer support is key.
Our Insights
In the process of reviewing the Best Forex Brokers that accept Israeli Traders, we found 10 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual Customer Support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Forex Trading is legal in Israel.
The legal age for Forex Trading is 18 years.
The Israel Tax Authority.
The Israel Securities Authority (ISA).
The Israeli New Shekel.
CMC Markets is the Best Forex Broker in Israel.
Saxo Bank provides access to approximately 23,500 equities.
CMC Markets allows cryptocurrency trading.
The minimum deposit set is AU$ 200.
FP Markets provides 24/7 customer support.
Vantage Markets is licensed and regulated by several authorities.
IG offers 80+ Forex Currency pairs.
The IBKR Mobile App provides mobile trading.
Plus500 offers proprietary trading platforms.
AvaTrade offers Swap-Free Forex Trading.
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