Forex Brokers in Israel

Richard Montana | November 25, 2022

Forex trading in Israel is popular amongst residents who are looking to buy and sell currencies to speculate on the fluctuating currency market prices. Whilst international forex brokers can accept traders in Israel as clients, forex brokers in Israel are required to become authorised by the Israel Securities Authority (ISA) which is the financial regulatory body in Israel. The ISA’s main responsibilities are to ensure the existence of an efficient capital market that is based on adequate disclosure, fairness and equal opportunity to all investors.

Best forex brokers Israel

To find the best forex brokers in Israel, we created a list of all the forex brokers that accept clients in Israel and then ranked them based on our overall rating. You can see our list of our top forex brokers for Israel below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, DFSA, IFSC

$5

2009

1:888

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

ISA forex brokers in Israel

Israel is located in Western Asia and neighbours Lebanon, Jordan, Syria, and Egypt. The economic centre of the country is the capital city – Tel Aviv. Back in the 2000s, forex trading in Israel was not very popular and not properly regulated. However, in 2015, the country introduced new rules and regulations, making forex trading legal and safer.

The Israel Securities Authority is the national securities regulator of Israel. Established by law in 1968, the Israel Securities Authority sees its mandate as a way to ensure an efficient capital market based on transparency and fairness.

The Israel Securities Authority is responsible for safeguarding the interests of the public investing in securities, regulating and supervising the activity of the mutual funds sector, monitoring reports of relevant corporations, supervising proper management and more.

The ISA works hard to fight against securities fraud, insider trading, questionable accounting practices and other activities which could harm Israel’s capital marketplace and Israel’s investor community.

Tel Aviv Stock Exchange (TASE) is the only exchange in Israel, in which Israeli companies and the government rely on for capital and liquidity. TASE serves as the go-to exchange for hundreds of thousands of investors, including Israeli households.

Securities traded on the stock exchange can be bought or sold through “TASE members” only (banks and members who are not banks. Connection between the public and TASE members is through investment advisors or portfolio managers (brokers) licensed by the Israel Securities Authority.

How to verify ISA regulated brokers in Israel

Trading Forex is legal in Israel and the local market is regulated by the Israel Securities Authority (ISA). Prior to the new regulations introduced in 2015, there was an influx of foreign brokers that serviced the Israeli market with licenses from other jurisdictions including the FCA, CySEC and ASIC.

You can find an authorised broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the authorisation number on the ISA website to confirm if the forex broker is regulated in Israel to provide online forex trading products and services.

Some Israel forex brokers are regulated in more than one jurisdiction so that they can offer a different range of trading accounts and conditions depending on the location of the trader and regulated entity that they choose to open a forex trading account with.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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