10 Best Forex Brokers in Israel
Last Update: April 30th, 2024
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 |
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 |
| 📈 Ease of Use | 4/5 |
| 📉 Support Hours | 24/5 |
| 📊 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 💹 Account Types | Classic, Platinum, VIP |
| 💴 Base Currencies | 18 currencies |
| 🅰️ Spreads | From 0.4 pips |
| 🅱️ Leverage | 1:30 |
| 💸 Currency Pairs | 185+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ⚙️ Website Languages | English, Danish, French, etc. |
| 💰 Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀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 suit 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 |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀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 Forex and CFD Broker. It offers a single trading account paired with proprietary trading software. Moreover, an Affiliate Program is available.
| 🔎 Broker | 🥇 Plus500 |
| 📈 Regulation | ASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/7 |
| 💹 Trading Platforms | Plus500 platform |
| ↪️ Account Types | Live Trading Account |
| 💴 Base Currencies | USD, GBP, ZAR, EUR |
| 📌 Spreads | From 0.8 pips |
| 📍 Leverage | 1:300 |
| 💶 Currency Pairs | 60+; minor, major, and exotic pairs |
| 💵 Minimum Deposit | 100 USD |
| 💷 Inactivity Fee | Yes, 10 USD after three months of inactivity |
| 🚀Open an Account | 👉 Click Here |
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit Broker >> |
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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Frequently Asked Questions
Is Forex Trading Legal in Israel?
Forex Trading is legal in Israel.
What is the Legal age in Israel to trade Forex?
The legal age for Forex Trading is 18 years.
What is the revenue service in Israel?
The Israel Tax Authority.
Who is the Financial regulatory authority of Israel?
The Israel Securities Authority (ISA).
What is the local currency in Israel?
The Israeli New Shekel.
Who is the best Forex Broker in Israel?
CMC Markets is the Best Forex Broker in Israel.
Can I trade stocks with Saxo Bank?
Saxo Bank provides access to approximately 23,500 equities.
Can I trade cryptocurrencies with CMC Markets?
CMC Markets allows cryptocurrency trading.
Can I open a swap-free account with Tickmill?
Tickmill provides an Islamic swap-free option.
What is the minimum deposit set to open a Pepperstone account?
The minimum deposit set is AU$ 200.
Does FP Markets offer Customer Support?
FP Markets provides 24/7 customer support.
Are Vantage Markets regulated?
Vantage Markets is licensed and regulated by several authorities.
How many Currency Pairs does IG offer?
IG offers 80+ Forex Currency pairs.
Does Interactive Brokers offer mobile trading?
The IBKR Mobile App provides mobile trading.
Does Plus500 offer MetaTrader?
Plus500 offers proprietary trading platforms.
Does AvaTrade have an Islamic Account?
AvaTrade offers Swap-Free Forex Trading.
Top 4 Brokers
