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6 Best Forex Brokers in the State of Palestine

Last Update: June 26th, 2024

State of Palestine

 

The 6 Best Forex Brokers in the State of Palestine – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the State of Palestine.

 

In this in-depth guide, you will learn:

 

 

and much, MUCH more!

 

6 Best Forex Brokers in the State of Palestine

 

6 Best Forex Brokers in the State of Palestine – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Local Traders💴 Min. Deposit
🥇 IC Markets👉 Click Here✅Yes200 USD
🥈 Pepperstone👉 Click Here✅YesAU$ 200
🥉 IG👉 Click Here✅Yes50 USD
🏅 eightCap👉 Click Here✅Yes100 USD
🎖️ IQ Option👉 Click Here✅Yes10 USD
🏆 Vantage👉 Click Here✅Yes50 USD

 

6 Best Forex Brokers in the State of Palestine (2024)

 

  1. ☑️ IC Markets – Overall, the Best Forex Broker in the State of Palestine
  2. ☑️ Pepperstone – The Best Overall User Experience
  3. ☑️ IG – Best Proprietary Offerings
  4. ☑️ eightCap – The Best Forex Broker for Beginners
  5. ☑️ IQ Option – Low USD Minimum Deposit
  6. ☑️ Vantage – Best Online and Mobile Trading Experience

 

IC Markets Review

 

IC Markets

IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Accounts available include:

 

  • cTrader Account – Only available on the cTrader Platform
  • Raw Spread Account – Ideal for Scalpers, Day traders, and, Active traders
  • Standard Account – Ideal for Beginners and Casual traders

 

Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Notable Factors and FEatures include:

 

  • 24/7 Multilingual Customer Support
  • Copy and Social Trading via Multiple Platforms
  • Multiple Base Currencies, including AUD, USD, and, JPY
  • Over 60 Currency Pairs
  • Spreads from 0.0 Pips
  • Scalping and Hedging are Offered
  • The Standard Account is Commission Free

 

Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.

 

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

The Benefits of Trading with IC Markets include a Demo Account with an extremely high virtual balance.

 

Pepperstone

 

Pepperstone

Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include:

 

  • Standard Account – Suitable to all Traders of all Skill Levels
  • Razor Account – Best Suited to Scalpers, Day Traders, and, Automatic Traders

 

Moreover, Islamic and Demo Trading are supported. The minimum deposit is AU$ 200. Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Notable Factors and Features include:

 

  • Spreads from 0.0 Pips
  • Leverage of up to 1:500
  • 24/7 Customer Support
  • USD and GBP Base Currencies
  • Access to over 70 Currency Pairs
  • TradingView Integration

 

Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.

 

🔎 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

The benefits of trading with Pepperstone include access to responsive, user-friendly, and, dedicated Customer Support.

 

IG Review

 

IG

IG is a well-established and trusted broker committed to client safety. License and Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Accounts available are:

 

  • CFD/DMA Trading Account – Available in All Regions
  • Limited Risk Trading Account – Available in the EU
  • Options Trading Account – Available in the EU
  • Turbo24 Trading Account – Available in the EU
  • Share Dealing Account – Available in Australia
  • Spread Betting Account – Available in the United Kingdom
  • Swap-Free Trading Account – Available in Dubai

 

Moreover, a Demo Account is available. Trading Platforms supported include MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, an IG Proprietary Mobile Platform is available. Notable factors and features include:

 

  • Spreads from 0.1 Pips
  • 24/7 Dedicated Customer Support
  • Access to over 8- Currency Pairs
  • Access to an Affiliate Program

 

Instruments available for trade include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, interest rates.

 

🔎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

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

The benefits of trading with IG include a strong regulatory framework, broad market access, and extensive training resources.

 

Eightcap Review

 

EightCap

EightCap is a trusted and highly regulated Forex and CFD Broker. Regulations by renowned and trusted agencies include CySEC, SCB, ASIC, and, the FCA. Account Options and Trading Platform Combinations include:

 

  • Standard Account – MT4 and MT5
  • Raw Account – MT4 and MT5
  • TradingView Account – TradingView Integration

 

Accepted Deposit Options include Credit Cards, Debit Cards, Wire Transfers, Skrill, and, Crypto Payments. In addition, Notable Factors and Features include:

 

  • Multiple Base Currencies, including AUD and USD
  • Spreads from 0.0 Pips
  • Access to over 40 Currency Pairs
  • 100 USD Minimum Deposit
  • No Inactivity Fee is Charged.

 

Trading instruments and Products include Forex, commodities, indices, shares, and,  cryptocurrencies.

 

🔎 Broker🥇 Eightcap
📉 Regulation and LicensesCySEC, SCB, ASIC, FCA
5️⃣ Ease of Use4/5
⏰ Support Hours24/5
📍 Trading PlatformsMetaTrader 4, MetaTrader 5, TradingView
📌 Account TypesStandard, Raw, TradingView
💴 Base CurrenciesAUD, USD, EUR, GBP, NZD, CAD, SGD
📊 SpreadsFrom 0.0 pips
📈 Leverage1:500
💸 Currency Pairs45; major, minor, and exotic pairs
💳 Minimum Deposit100 USD
🚫 Inactivity FeeNone
🚀Open an AccountOpen Account

 

EightCap Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low forex feesSlim product selection
Quick account openingLimited research and education

 

Our Insights

The benefits of trading with EightCap include Live chat, email, and phone support in several languages.

 

IQ Option Review

 

IQ Option

IQ Option is a prominent Forex and CFD brokerage platform. License and Regulations include CySEC. Account Options available include:

 

  • Live Account – Ideal for Beginners and Casual Traders
  • VIP Account – Ideal for Experienced and High-volume Traders

 

In addition, Islamic, Swap-Free, and Demo Trading are supported. All accounts are paired with a Proprietary Trading Platform. Notable Factors and FEatures include:

 

  • 24/7 Customer Support
  • Spreads from 2 Pips
  • Leverage of up to 1:500
  • Access to over 30 Currency Pairs
  • A low Minimum deposit of 10 USD

 

Trading instruments and Products include Forex, Stocks, and, Cryptocurrencies.

 

🔎 Broker🥇 IQ Option
📈 Regulation and LicensesNot Regulated
📉 Ease of Use4/5
📊 Support Hours24/7
💹 Trading PlatformsIQ Option Platform
📌 Account TypesLive, VIP
📊 Spreads2 pips
📈 Leverage1:500
💳 Minimum Deposit10 USD
🚫 Inactivity Fee✅Yes
🚀Open an Account👉 Click Here

 

IQ Option Overview

 

Pros and Cons

 

✅Pros❌Cons
Stocks, currency, commodities, and crypto tradingSelect withdrawal methods may be prohibited
Minimum Deposit 10 USDLimited Regulation

 

Our Insights

The benefits of trading with IQ Option include access to a user-friendly interface, extensive instructional materials, and competitive trading conditions.

 

Vantage Review

 

Vantage

Vantage, previously known as Vantage FX and Vantage Markets, is a trusted Brokerage with a trust score of 89 out of 90. Regulations by acclaimed and trusted agencies include CIMA, VFSC, FSCA, and, ASIC. Account Options include:

 

  • Standard STP Account – Ideal for Beginners and Casual traders
  • Raw ECN Account – Ideal for Scalpers and Day traders
  • Pro ECN Account – Ideal for Professional Traders

 

In addition, a Demo Account is available. Trading Platforms include:

 

  • MetaTrader 4 and MetaTrader 5
  • ProTrader
  • Vantage Mobile App
  • Vantage Copy Trading
  • ZuluTrade
  • DupliTrade
  • MyFXBook Autotrader

 

Several Funding Options are available, including Credit Cards, Debit Cards, China UnionPay, Neteller, and, Skrill. Notable Factors and Features include:

 

  • Refer a Friend Bonus
  • Copy and Social Trading
  • Multiple Base Currencies, including USD and AUD
  • Spreads from 0.0 Pips
  • Leverage of up to 1:500

 

Trading instruments and Products include Forex, indices, metals, soft commodities, energies, ETFs, share CFDs, bonds, and, crypto CFDs.

 

🔍 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

The benefits of trading with Vantage include narrow spreads on the ECN account options.

 

Forex Trading in the State of Palestine

 

Is Forex Trading Legal in the State of Palestine?

Forex Trading in the State of Palestine is Legal and available without restriction. Moreover, Exchange Controls in Palestine are administered by the Palestinian Monetary Authority.

 

Is Forex Trading Legal in the State of Palestine?

 

In Conclusion

Forex Trading in the State of Palestine has increased in popularity. Moreover, it is well-governed by the Palestinian Monetary Authority. In addition, multiple International Forex Brokers accept traders in Palestine.

 

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

While reviewing the Best Forex Brokers that accept Palestinian Traders, we found 6 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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FAQs

Forex Trading in the State of Palestine is Legal and available without restriction.

The Palestinian Monetary Authority administers Exchange Controls in Palestine.

Palestine has no local currency. Currencies accepted are the Israeli shekels (ILS), United States dollars (USD), and Jordanian dinars (JOD).

IC Markets does charge commission fees on the cTrader and Raw Spread Accounts.

Over 70 Currency Pairs, including Major, Minor, and, Exotic Pairs.

IG charges an Inactivity fee of 12 USD after 2 Years of inactivity.

Forex, Commodities, Indices, Shares, and, Cryptocurrencies.

The IQ Option Minimum deposit is 10 USD.

Regulations include CIMA, VFSC, FSCA, and, ASIC.

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