BEST FOREX BROKERS IN ISRAEL

Securities trading was prevalent in Israel even before the establishment of the State of Israel in 1948. Pre-state banks like the Anglo-Palestine Bank and some brokers on the unofficial exchange, the Exchange Bureau for Securities, helped traders to trade in Securities at that time.

With the formation of the Tel Aviv Stock Exchange (TASE) in 1953 and the Israel Securities Exchange, the capital market regulator in the nation, securities trading became more prominent, structured and reliable.

The forex trading and capital market in Israel is regulated and overseen by the Israel Securities Authority (ISA). The regulatory authorities have worked to prevent securities fraud and other inappropriate activities in Israel’s financial market since its establishment in 1968.

For further details and the historical background of the ISA, one can visit its official site. Also, one can read more about this regulatory authority on its official Facebook page here.

Since the regulated brokers are more reliant and trustworthy, let us study and compare the best forex brokers in Israel who are regulated by global reputed regulatory authorities.

Top Forex Brokers in Israel

Interactive Broker

Interactive Brokers, or IBKR, is a leading broker in investment platforms, offering diverse financial opportunities for clients. The availability of multiple trading instruments and over 150 global markets help traders to trade in forex successfully.

The broker has multiple advanced technical tools coupled with rich research tools, availing multilingual tutorials to the traders. This user-friendly trading platform helps beginners to trade in forex.

However, the broker’s account setup, platform complexity and poor customer service are a threat to its expanding popularity.

Here is a further detailing of the Interactive Broker in this table:

 

 

TickMill

Founded in 2014, the broker is regulated by the Seychelles Financial Services Authority (FSA). With the mission of providing an exceptional trading environment to the traders, the broker has received multiple awards, such as the Best Partner Program Africa 2023, Best Forex Spreads MEA 2023, Best Forex Broker 2023, etc.

The availability of different account types and trading instruments enables forex traders to explore different trading conditions and multiple trading limits as per their requirements. Also, the broker offers vast educational resources and trading tools for the traders to ease their forex trading experience.

Here is a further detailing of the TickMill Broker in this table:

 

 

BDSwiss

BD Swiss, founded in 2012 and headquartered in Switzerland, is a regulated broker with multiple trading platforms. Regulation by multiple authorities like the Cyprus Securities Commission (FSC), the Financial Services Authority (FSA) of Seychelles, and the Federal Financial Supervisory Authority make it a reliable and trustworthy forex broker.

The broker offers features like daily video and market coverage series, customer support in multiple languages, and negative balance protection, which helps beginners to trade in forex with ease.

However, an inactivity fee of up to 10%, higher trading fees and expensive withdrawals make traders doubtful while opting for it.

Here is a further detailing of the BD Swiss forex  Broker in this table:

 

VT Markets

VT Markets, a member of Vantage Group of Companies, is a multi-asset CFD trading broker with over 200k clients and more than 1000 trading instruments. Founded in 2015, the broker offers features like an average trading cost, low variable spreads, competitive trading conditions and multi-lingual customer support to the traders.

Regulated by the Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), and SVGFSA, the broker also has multiple account types and trading instruments for its clients.

However, the unavailability of 24*7 customer support and the availability of a limited demo account drag users behind to opt for this broker.

Here is a further detailing of the VT Markets forex Broker in this table:

 

 

IC Markets

IC Markets has been a leading forex broker since its inception in 2007. With features such as a competitive spread, low commission and vast research and educational offerings, the broker is renowned globally.

It is regulated by multiple authorities and is recognised for its easy and fast account opening procedure and the availability of a free demo account. Also, the broker’s 24*7 customer support in multiple languages and the availability of more than 100 trading instruments attract forex traders globally.

Here is a further detailing of the IC Markets forex Broker in this table:

 

 

Trading 212

Established in 2013 in London, Trading 212 is a user-friendly platform renowned for its mobile trading app. Its well-designed interface and diverse symbols are notable, yet it lacks advanced tools and thorough research options.

Regulated by the UK’s FCA, Bulgaria’s FSC, and Cyprus’s CySEC, it excels as a commission-free CFD broker, enabling seamless stock and ETF trading. The broker’s account setup is digital and smooth. Its elegant web and mobile platforms suit novice investors, but it lacks certain assets like options and bonds. High forex fees and a missing USD account option increase US stock trading costs.

Here is a further detailing of the Trading 212 forex Broker in this table:

 

 

XTB

XTB stands as a reputable multi-asset broker known for exceptional customer service and a wide range of forex and CFD options. The innovative xStation 5 trading platform is a highlight, accompanied by extensive educational resources that earned XTB a “Best in Class for Research” award in 2023.

Prominent as a leading CFD broker, XTB offers diverse investment opportunities, including real stocks and ETFs, for most EU clients, appealing to both traders and investors.

The XTB experience includes easy account setup, convenient deposits/withdrawals, and user-friendly trading platforms. Note the inactivity fee after a year and the absence of certain asset classes like options.

Here is a further detailing of the XTB forex Broker in this table:

 

 

Comparing the Best Forex Brokers in Israel

 

FAQs

Can I trade forex in Israel?

Forex trading is widely popular in Israel. Also, a regulatory authority, ISA, is established to monitor and regulate forex trading in Israel. So, yes, one can trade forex in Israel. There are multiple forex brokers that traders in Israel can choose from to trade in forex.

Which is the safest forex broker?

The safest broker is the one that is under the surveillance of a major and efficient regulatory body and commits to providing traders with trading services that are free from any fraud and other such activities.

Some of the regulated brokers are Pepperstone, Go Markets, Ava Trade, etc.

How much are Interactive Brokers Israel fees?

Interactive Brokers Israel fees are lower in comparison to other brokers. The table below shows the fees and commissions of the broker for different trading instruments:

 

 

Which are the best forex brokers in Israel for beginners?

The best forex brokers in Israel for beginners are those who offer informational, educational resources and innovative trading tools. Some of the trusted forex brokers in Israel offering excellent educational resources for beginners are XM, Think Markets, Onada, etc.

Can beginners trade in forex in Israel?

Beginners can trade in forex in Israel using different forex brokers.

Is forex trading in Israel legal?

Yes, forex trading is legal in Israel.

Who regulates forex trading in Israel?

The regulatory authority, ISA, regulates forex trading in Israel and oversees the capital market in the country.