Best Forex Brokers in Israel 2024

Last updated Jul 3, 2024

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Israel based on our analysis:

  1. 1
    Roboforex Logo
    Roboforex - best Forex broker in Israel - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts.
  2. 2
    FxPro Logo
    FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools.
  3. 3
    AMarkets Logo
    AMarkets - A wide range of trading assets. Extensive analytical capabilities using modern tools and trading robots. No commissions on many operations.
  4. 4
    AvaTrade IL Logo
    AvaTrade IL - A wide selection of financial instruments. Innovative trading platforms. Highly rated educational resources.
  5. 5
    Oanda Logo
    Oanda - Tight spreads. Diverse markets and products. Advanced trading platforms.
  6. 6
    FXCM Logo
    FXCM - Diverse methods for deposit and withdrawal. Wide range of markets and products for trading. A broad spectrum of trading platforms.
  7. 7
    Alpari Logo
    Alpari - A wide range of trading accounts. Flexible conditions for depositing and withdrawing funds. Diversity of trading platforms.
  8. 8
    Gerchik & Co Logo
    Gerchik & Co - Transparent information about the broker's owners. A large number of trading accounts. Decent services that can help improve Forex trading.
  9. 9
    eToro Logo
    eToro - A social network for traders. Good selection of trading instruments. Fractional shares purchasing.
  10. 10
    Plus500 Logo
    Plus500 - Diversity of trading assets. Intuitive trading platform. 24/7 support.

Our Top-10 Best Forex Brokers in Israel was compiled based on detailed analysis and strict selection criteria, making it an essential tool for choosing the optimal trading platform. This list will be especially useful for those investors who seek a broker that combines effective trading strategies and offers reliable investment protection, suitable for Israel's dynamic and diverse financial landscape.

List of the Best Forex Brokers in Israel in 2024

1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2009
Minimum Deposit
$10
2
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$100
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2007
Minimum Deposit
$100
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2005
Minimum Deposit
$100
5
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Foundation Year2001
Minimum Deposit
$1
6
Register67-72% of retail investors lose money when trading CFDs with this broker
Foundation Year1999
Minimum Deposit
$50
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year1998
Minimum Deposit
$20
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2015
Minimum Deposit
$100
9
RegisterTrading CFDs carries high risks. You may lose all invested funds
Foundation Year2006
Minimum Deposit
$200
10
Register80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Foundation Year2007
Minimum Deposit
$100

Our team of experts conducted extensive research to compile a list of the ten best brokers in Israel. This broker ranking was prepared based on strict evaluation criteria and includes only verified and reliable companies. Our review takes into account factors such as user experience, offered tools and resources, quality of customer service, and the level of investment protection. This top list will be especially useful for those looking for a reliable broker that fits individual trading strategies and provides effective capital protection.

1. RoboForex

Roboforex Logo
1
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesFutures
Trading Platforms
MetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип AdvCash
Логотип Perfect Money
Логотип Касса24
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип JCB
compare Roboforex trading accounts

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

Pros and Cons of Roboforex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

2. FxPro

FxPro Logo
2
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
Логотип Maestro
Логотип UnionPay
compare FxPro trading accounts

FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro

Pros

  1. Various trading platforms.
  2. A diverse range of available markets and products.
  3. Multiple analytics tools.
  4. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

3. AMarkets

AMarkets Logo
3
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип Neteller
Логотип FasaPay
Логотип Bank Transfer
Логотип Система быстрых платежей (СБП)
Логотип Visa
Логотип Mastercard
Логотип Мир
Логотип HUMO
compare AMarkets trading accounts

AMarkets is a versatile broker offering a full range of services in the Forex market. It enables independent trading and investing funds in copy trading with equal success.

Traders can access several accounts with low spreads, permitted scalping, and fast trade execution. Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.

Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.

Pros and Cons of AMarkets

Pros

  1. A wide range of trading assets.
  2. Extensive analytical capabilities using modern tools and trading robots.
  3. No commissions on many operations.
  4. Convenience and simplicity of opening an account and managing it.

Cons

  1. Not the most extensive educational materials.
  2. On some assets, spreads are higher than those of competing Forex brokers.

4. ATrade

AvaTrade IL Logo
4
RegisterTrading CFDs carries high risks. You may lose all invested funds
Trading Assets
ForexStocksIndicesBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4WebTraderAvaTradeGO
Deposit/withdrawal:
Логотип Bank Transfer
Логотип Credit and Debit Cards
compare AvaTrade IL trading accounts

ATrade is well-suited for traders seeking a variety of trading instruments and user-friendly trading platforms. It can appeal to both beginners looking to start trading and experienced traders who want to expand their knowledge and skills.

Pros and Cons of AvaTrade IL

Pros

  1. A wide selection of financial instruments.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

5. Oanda

Oanda Logo
5
4.3/5
Oanda review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft CommoditiesBonds
Trading Platforms
MetaTrader 5MetaTrader 4TradingViewfxTrade
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Oanda trading accounts

Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.

With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.

Pros and Cons of Oanda

Pros

  1. Tight spreads.
  2. Diverse markets and products.
  3. Advanced trading platforms.
  4. Quality analytics.
  5. Extensive learning section.

Cons

  1. Limited trading account types.
  2. Inactivity fee.
  3. High swaps.

6. FXCM

FXCM Logo
6
4.3/5
FXCM review
Register67-72% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4Trading StationTradingView
Deposit/withdrawal:
Логотип Skrill
Логотип Neteller
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Discover
Логотип UnionPay
compare FXCM trading accounts

FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.

However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.

The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.

Pros and Cons of FXCM

Pros

  1. Diverse methods for deposit and withdrawal.
  2. Wide range of markets and products for trading.
  3. A broad spectrum of trading platforms.
  4. Extensive and quality materials for making informed decisions.
  5. Quick and efficient help in solving emerging issues.

Cons

  1. Insufficient variety of trading accounts.
  2. Inactivity fees and commissions for bank transfer withdrawals.
  3. Protracted account opening and verification process.

7. Alpari

Alpari Logo
7
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyPrecious MetalsEnergy CarriersStocks
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип Perfect Money
Логотип VLoad
Логотип AdvCash
Логотип WebMoney
Логотип Касса24
Логотип Neteller
Логотип Wallet One
Логотип Skrill
Логотип TC Pay
Логотип Swift
Логотип Visa
Логотип Mastercard
compare Alpari trading accounts

Alpari has established itself as a stable and reliable broker, providing its services on Forex for over 20 years. The broker is widely popular among professional traders due to its wide range of trading accounts and instruments and convenient and practical services for investing—PAMM accounts and portfolios. Beginning traders will find quality support, training courses, and favorable trading conditions at Alpari.

Overall, Alpari is an excellent choice for beginners and professional traders.

Pros and Cons of Alpari

Pros

  1. A wide range of trading accounts.
  2. Flexible conditions for depositing and withdrawing funds.
  3. Diversity of trading platforms.

Cons

  1. Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
  2. Fees for fund withdrawal and inactivity charges.
  3. Limited choice in terms of different asset classes.

8. Gerchik & Co

Gerchik & Co Logo
8
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5MetaTrader 4
Deposit/withdrawal:
Логотип AdvCash
Логотип Perfect Money
Логотип Swift
Логотип SEPA
Логотип Visa
Логотип Mastercard
compare Gerchik & Co trading accounts

Gerchik & Co. serves as a commendable platform for traders of all levels. The wide array of trading instruments and platforms makes this broker attractive to novices and seasoned traders.

The educational materials provided by the broker can be particularly beneficial for beginners and those looking to deepen their knowledge. In addition, the broker offers a variety of technical support communication options, which can be valuable for traders requiring immediate assistance.

This broker is suitable for novice and experienced traders due to its comprehensive approach and attention to detail regarding trading and education.

Pros and Cons of Gerchik & Co

Pros

  1. Transparent information about the broker's owners.
  2. A large number of trading accounts.
  3. Decent services that can help improve Forex trading.
  4. Educational courses, webinars, analytics.
  5. Opportunity for passive income on TIMA accounts.
  6. Contests on demo accounts and broker promotions.

Cons

  1. High commission for transactions on certain types of accounts.
  2. The website and personal account area may seem inconvenient (according to reviews).
  3. High deposit requirements for training or using services.

9. eToro

eToro Logo
9
3.8/5
eToro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
eToro
Deposit/withdrawal:
Логотип PayPal
Логотип Neteller
Логотип Skrill
Логотип Klarna
Логотип Rapid Transfer
Логотип Sofort
Логотип Swift
Логотип Visa
Логотип Mastercard
Логотип Trustly
Логотип POLi
compare eToro trading accounts

eToro stands out from other brokers due to its unique combination of trading services and social features, making it particularly attractive to traders interested in innovative approaches to investing. Narrow spreads and the ability to buy securities in fractions simplify access to different assets, while the social network allows users to share strategies and copy trades of successful traders, which is a big plus for beginners and those looking for new investment ideas. The simple and intuitive interface makes the platform accessible even for those who are just starting their trading journey.

eToro is best suited for beginner traders who are looking to capitalize on the social aspects of trading and do not require complex individual trading account settings. The platform is also ideal for those looking for an active community to share ideas and strategies.

Pros and Cons of eToro

Pros

  1. A social network for traders.
  2. Good selection of trading instruments.
  3. Fractional shares purchasing.
  4. Narrow spreads.

Cons

  1. Only one trading account is available.
  2. eToro has its own trading platform, but there is no alternative to it.
  3. Poor customer support performance.
  4. Delays and hidden fees during fund withdrawal.

10. Plus500

Plus500 Logo
10
Register80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Countries of registration:
Trading Assets
ForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
WebTrader
Deposit/withdrawal:
Логотип PayPal
Логотип Skrill
Логотип Bank Transfer
Логотип Visa
Логотип Mastercard
compare Plus500 trading accounts

Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.

Pros and Cons of Plus500

Pros

  1. Diversity of trading assets.
  2. Intuitive trading platform.
  3. 24/7 support.
  4. Built-in analytics.

Cons

  1. Limited educational resources.
  2. Limited channels for communication with technical support.
  3. Limited choice of trading accounts.

Regulation of Forex Brokers in Israel

The regulation of Israeli brokers is strictly controlled by the Israel Securities Authority (ISA), which acts as the primary regulatory body in this field. The ISA ensures adherence to high standards of transparency and security, which is a key factor in protecting investors' interests in the financial market.

The main directions of regulation include:

  • Strict control over brokers' financial activities. The ISA monitors that brokerage companies comply with financial norms and standards established both nationally and internationally.

  • Ensuring the segregation of client funds. This measure aims to prevent the misuse of client funds and minimize the risk of their loss.

  • Verification of the accuracy of provided information. The ISA requires brokers to provide accurate and complete information about the risks associated with Forex trading, which increases the level of awareness and protection for traders.

  • Compliance with international standards. Israeli Forex brokers must comply with international rules and regulations, which ensures an additional level of protection for investors.

The role of the ISA in regulating Forex brokers in Israel is crucial for maintaining order and security in the market, thereby ensuring the protection of traders' interests and strengthening trust in the country's financial sector.

How to Choose the Best Forex Broker in Israel

Choosing the right Forex broker is a crucial step towards successful trading in the currency market. It is necessary to consider several key aspects to ensure maximum comfort and efficiency in your trading operations. Here are the main criteria to pay attention to when choosing a broker in Israel:

  1. Licensing and regulation. Ensure that the broker is licensed and regulated by Israeli or international financial authorities, such as the Israel Securities Authority (ISA). This guarantees its reliability and adherence to all necessary standards.

  2. Types of trading accounts. It is important that the broker offers a variety of trading accounts, tailored for both novice traders and professionals, considering different trading strategies and investment goals.

  3. Trading platforms. Check how convenient and functional the offered trading platforms are; it is important that they provide fast and accurate execution of trading operations.

  4. Trading conditions. Evaluate spreads, commissions, and the availability of the necessary trading instruments to ensure they match your preferences and trading strategy.

  5. Quality of customer support. It is important that the broker provides quality and accessible support in different languages, including Hebrew and English, through various communication channels.

Considering these criteria, you will be able to choose a reliable and suitable Forex broker in Israel. Also, remember to use a demo account to test the broker's services before starting real trading.

How We Compiled the List of Top Forex Brokers in Israel

The rating of the best Forex brokers in Israel is created based on weighted and meticulously developed criteria, ensuring a balance between quality and reliability:

  1. The foundation for ranking brokers was our comprehensive Forex brokers rating, which takes into account numerous aspects of their operations.

  2. A unique methodology was used to evaluate brokers, including an analysis of a wide range of parameters such as reliability, trading conditions, offered instruments, and quality of customer service.

  3. All brokerage companies included in the list enjoy a high level of trust among traders in Israel and actively offer their services in the local market.

These criteria ensure that the selected Forex brokers in Israel meet stringent standards of quality and safety, as well as provide conditions for effective and secure trading in Forex and CFDs.

Conclusion

Choosing a worthy broker is the cornerstone of successful trading on the currency market. It is especially important to pay attention to aspects such as regulatory compliance, favorable trading conditions, reliability, and quality of customer support. Our rating of the best Forex brokers in Israel is designed to make this choice easier for you. We provide in-depth analysis and recommendations based on thorough research and feedback from real traders. Our goal is to provide you with valuable information that will help you find the ideal broker that meets your unique requirements and strategies. This will be a significant step on your path to financial independence and success in the Forex market in Israel.

FAQ

Which brokers are the best?

The best brokers depend on your needs and preferences. Some of the most popular and reliable brokers include:

  • FxPro: Known for low spreads and fast order execution.

  • RoboForex: Offers a wide range of trading instruments and excellent customer support.

  • AMarkets: Attracts traders with a variety of bonuses and promotions.

  • Alpari: Provides quality educational support and a wide selection of trading platforms.

It is recommended to study the conditions and offers of each broker to choose the most suitable one for yourself.

How does a broker differ from an exchange?

Broker – is an intermediary that provides traders with access to financial markets, including exchanges. Brokers help execute trades in the market, provide trading platforms, and offer educational resources and analytics.

Exchange – is a centralized market where various financial instruments such as stocks, bonds, commodities, and derivatives are traded. Exchanges set trading rules and ensure transparency and fairness of transactions.

Thus, an exchange is a place where transactions are made, and a broker is an intermediary that helps traders interact with the exchange and markets.

How do brokers make money?

Brokers earn from several main sources of income:

  • Spreads: The difference between the buying and selling price of an asset.
  • Commissions: Fixed fees for each completed transaction.
  • Swaps: Fees for carrying a position overnight.
  • Additional services: Fees for withdrawals, paid subscriptions for analytical materials, and other services.

How to withdraw your money from a broker?

To withdraw your money from a broker, follow these steps:

  1. Log in to your account: Use your login and password to access your trading account.
  2. Go to the withdrawal section: Usually, this is the "Withdrawal" or "Finance" section on the trading platform.
  3. Choose a withdrawal method: Select a convenient method for withdrawing funds (bank transfer, e-wallets, etc.).
  4. Enter the amount and details: Specify the withdrawal amount and necessary payment details.
  5. Confirm the request: Confirm the withdrawal request and wait for it to be processed. The processing time and receipt of funds to your account may vary depending on the chosen withdrawal method and broker conditions.

How to distinguish a broker from a scammer?

To distinguish a reliable broker from a scammer, pay attention to the following aspects:

  • Regulation: Reliable brokers have licenses from reputable regulators (e.g., FCA, CySEC, ASIC).
  • Transparency: Open information about the company, trading conditions, and commission fees.
  • Reviews and reputation: Study customer reviews and ratings on specialized forums and websites.
  • Contact information: Availability of real contact details and offices.
  • Customer support: Quality and prompt customer support.

How to check the reliability of a broker?

You can check the reliability of a broker in the following ways:

  • License Verification: Ensure that the broker holds a license from a reputable regulator.
  • Review Trading Conditions: Carefully review the trading conditions, commissions, and spreads.
  • Analyze Reviews: Study reviews and ratings on independent resources.
  • Test the Platform: Try a demo account to assess the quality of order execution and platform usability.
  • Check Company History: Research how long the broker has been in the market and its reputation.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

Discover the Best Forex Brokers Worldwide: