The ForexBrokers.com annual forex broker review (four years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.
Trading forex (currencies) in Israel is popular among residents. While recommended, forex brokers are not required to become authorised by the Israel Securities Authority (ISA) to accept residents of Israel as customers.
The Israel Securities Authority is the financial regulatory body in Israel. Website: http://www.isa.gov.il. We recommend Israel residents also follow the ISA on Facebook: https://www.facebook.com/IsraelSecurities/.
The ISA was established in 1968 and works to combat securities fraud, insider trading, and activities that could be harmful to Israel’s marketplace. The ISA works hard to combat unregulated offerings and keep investors safe. For a historical breakdown, here's a link to the Israel Securities Authority webpage on Wikipedia.
Best Forex Brokers Israel
To find the best forex brokers in Israel, we created a list of all brokers that list Israel as a country they accept new customers from. We then ranked brokers by their Trust Score Ranking.
Here is our list of the best forex brokers in Israel.
- Saxo Bank - Best VIP client experience
- IG - Best Overall Broker 2020
- Swissquote - Best banking services
- Plus500 - Best for beginners overall
- Interactive Brokers - Best for professionals
- XM Group - 4.0 Stars
- HYCM (Henyep Markets) - 3.5 Stars
- Tickmill - 3.5 Stars
- easyMarkets - 3.5 Stars
Israel Forex Brokers Comparison
Compare Israel authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Trust Score.
| Forex Broker | Accepts IL Residents | Average Spread EUR/USD - Standard | Minimum Initial Deposit | Trust Score | Overall | Visit Site |
|---|---|---|---|---|---|---|
| Saxo Bank | Yes | 0.800 | $10,000.00 | 99 | N/A | |
| IG | Yes | 0.745 | £250.00 | 99 | Visit Site | |
| Swissquote | Yes | N/A | $1000.00 | 99 | N/A | |
| Plus500 | Yes | 0.600 | €100 | 98 | N/A | |
| Interactive Brokers | Yes | N/A | $0 | 94 | N/A | |
| XM Group | Yes | 1.600 | $5-100 | 84 | N/A | |
| HYCM | Yes | 2.00 | $100 | 84 | N/A | |
| Tickmill | Yes | 0.530 | $100.00 | 81 | N/A | |
| easyMarkets | Yes | 0.900 | $100.00 | 81 | N/A | |
| FP Markets | Yes | 1.140 | $100 AUD | 81 | N/A | |
| IC Markets | Yes | 0.800 | $200 | 80 | N/A | |
| Vantage FX | Yes | 1.350 | $200 | 79 | N/A | |
| Moneta Markets | Yes | 1.300 | $200.00 | 79 | N/A | |
| VT Markets | Yes | 1.30 | $200 | 79 | N/A | |
| BlackBull Markets | Yes | 0.76 | $200 | 70 | N/A | |
| OctaFX | Yes | 1.100 | $5 | 63 | N/A |
How to Verify ISA Authorisation
Unfortunately, the supervised entities search on the ISA website is broken. Residents can currently view a list of licensed trading platforms on the ISA website, as well as supervised public companies. The trading platforms list contains a handful of forex brokers.
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Methodology
For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.
