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10 Best Forex Brokers in Israel

Last Update: June 26th, 2024

Forex Brokers 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

 

10 Best Forex Brokers in Israel – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Israeli Traders💶 Min. Deposit (ILS)
🥇 Saxo👉 Click Here ✅YesNone
🥈 CMC Markets👉 Click Here✅YesNone
🥉 Tickmill👉 Click Here✅Yes376.11
🏅 Pepperstone👉 Click Here✅Yes482.14
🎖️ FP Markets👉 Click Here✅Yes241.07
🥇 Vantage Markets👉 Click Here✅Yes188.06
🥈 IG👉 Click Here✅Yes188.06
🥉 Interactive Brokers👉 Click Here✅YesNone
🏅 Plus500👉 Click Here✅Yes376.11
🎖️ AvaTrade👉 Click Here✅Yes376.11

 

10 Best Forex Brokers in Israel (2024)

 

  1. ☑️ Saxo – Overall, the Best Forex Broker accepting Israeli Traders.
  2. ☑️ CMC Markets – Advanced research and educational tools.
  3. ☑️ Tickmill – Free deposit and withdrawal.
  4. ☑️ Pepperstone – Great customer service.
  5. ☑️ FP Markets – Best Forex Broker for Beginners.
  6. ☑️ Vantage Markets – Best Online Trading Experience.
  7. ☑️ IG – High User Trust Score.
  8. ☑️ Interactive Brokers – Best web-based trading platform.
  9. ☑️ Plus500 – Multi-asset CFD broker.
  10. ☑️ AvaTrade – Best Broker for Copy Trading.

 

Saxo Bank Review

 

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 Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

Saxo is best suited to established traders. It offers a diverse trading environment.

 

CMC Markets Review

 

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 Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

 

✅ Pros❌ Cons
Next Generation platformHigh 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 Review

 

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 FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Pros and Cons

 

✅ Pros❌ Cons
MetaTrader 4 and MetaTrader 5Limited range of instruments
Pro account with minimal commissionsLimited Trading Platforms

 

Our Insights

Tickmill suits professional traders. Moreover, the 100 USD/ 376.11 ILS deposit is fair.

 

Pepperstone Review

 

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 DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic 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

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 DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros❌ Cons
FP Markets is regulated in several regionsThere are limited instruments offered
MetaTrader, cTrader, and IRESS are availableresearch tools are not extensive
Tight Spreads Withdrawal fees apply
There are low forex feesNo 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 FX Review

 

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 Deposit50 USD
4️⃣ Ease of use Rating4/5
🎁 Bonuses✅ Yes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

Vantage Markets Review

 

Pros and Cons

✅ Pros❌ Cons
Vantage Markets provides narrow spreads on its ECN accounts, which could lower trading expensesSome payment methods, notably international bank transfers, might incur withdrawal fees
Their technology is designed to provide fast transaction execution while minimizing slippage in turbulent marketsSome services and product offers may be restricted based on your location due to legislative limits
Traders can use webinars, market analysis, and other instructional resourcesShare 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 Review

 

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 LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Markets

 

Pros and Cons

✅ Pros❌ Cons
IG is a well-regulated and renowned spread betting brokerIG might be complex for beginners
There are over 17,000 instruments across asset classesThere is a high minimum deposit required
There is no capital gains tax or stamp duty charged, increasing profitsWhile 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 Review

 

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. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

Interactive Brokers suites experienced traders. It offers specialized services.

 

Plus500

 

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
📈 RegulationASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC
📉 Ease of Use5/5
📊 Support Hours24/7
💹 Trading PlatformsPlus500 platform
↪️ Account TypesLive Trading Account
💴 Base CurrenciesUSD, GBP, ZAR, EUR
📌 SpreadsFrom 0.8 pips
📍 Leverage1:300
💶 Currency Pairs60+; minor, major, and exotic pairs
💵 Minimum Deposit100 USD
💷 Inactivity FeeYes, 10 USD after three months of inactivity
🚀Open an Account👉 Click Here

 

Plus500

 

Pros and Cons

✅ Pros❌ Cons
Full, unlimited demo accountBasic educational materials
Several top-tier RegulationsInactivity fees can be imposed

 

Our Insights

Plus500 suites Professional Traders. The Proprietary platform will overwhelm Novice investors.

 

AvaTrade Review New

 

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 Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

✅ Pros❌ Cons
1,260+ instrumentsInactivity Fees
Islamic AccountLimited Deposits and Withdrawals

 

Our Insights

AvaTrade suits established traders. Moreover, AvaTrade Trading Fees are High.

 

Forex Israel

 

Is Forex Trading Legal in Israel?

Forex Trading is Legal in Israel. Moreover, it is authorized by the Israel Securities Authority (ISA).

 

Is Forex Trading Legal in Israel?

 

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.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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.

 

You might also like:

 

 

FAQs

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.

Tickmill provides an Islamic swap-free option.

 

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.

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