Home Best Forex brokers Best Forex Brokers In Israel 2021

Best Forex Brokers In Israel 2021

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As the leading forex broker comparison site in the Middle East, we are dedicated to helping Israeli
traders make the right decision. So, if you are based in Israel, considering trading forex, and about to
open an account, read on to learn more.

Despite a gloomy forecast for the Israeli economy, mainly due to the effects of COVID-19, Israel
boasts a well-developed free-market and a high standard of living. Since the turn of the Millennium,
Israel has built up its credibility with investors from abroad by keeping costs down and implementing
an effective fiscal restraint policy. As a result, there is a thriving forex community in the country.

Which Are the Top Forex Brokers Available to Israeli Residents?

To help Israeli forex traders make sense of all the options available to them, here at Business24-7 we
have expanded our methodology to go into more detail than ever. Immediately prior to publishing
this list of the top forex brokers available to Israeli residents, our team also spent six weeks
researching the options available. This process comprised systematic checks and comparisons
between each of the eligible brokers we found. Now, having explained the huge efforts expended on
getting the most accurate results possible, let’s cut to the chase. Here are our rankings for 2021!

This Are Our Top 5 Forex Brokers of 2021 for Israeli Citizens: 

  1. IQ Option is the number one online broker in 2021. Best for options trading, easy to use trading platform and lots of trading assets.
  2. AVAtrade is the best trading platform overall, not showing any weakness. Great for beginners and professional traders.
  3. XM is the best trading platform for forex tradin. It offers lots of different trading pairs and analysis tools. Great mobile trading platform.
  4. Pepperstone ranks number four. Sophisticated trading platform with low trading fees. Great tools for beginner traders.
  5. Interactive Brokers made it to our list of the top five brokers. Advanced educational and research tools. Low trading fees.

Best Online Forex Brokers in Israel 2021

#1IQ OptionBest overall offer4.9/5Options, stocks, forex and cryptoOfficial website
#2AVAtradeBest web trading platform4.9Low spreadsOfficial website
#3XMBest for forex trading4.9Forex tradingOfficial website
#4PepperstoneLowest trading fees4.8/5Low feesOfficial website
#5Interactive BrokersBest overall offer4.8/5Low feesOfficial website

Our TOP 5 Forex Brokers in Overview:

01. IQ Option: Best For Binary Options


With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks, binary options, cryptocurrencies etc.

In our review we defined the trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate. 

IQ Option index brand has been recently updated to make sure the UAE clients get the same advanced tools and platforms, internationally available to other customers. They provide an improved in-house advantage platform different from the most known Metatrader 4/5 platform.

02. AVA Trade: Best Web Trading Platform


For a start, Avatrade boasts some pretty impressive business statistics, facilitating over two million transactions every month, with total values regularly exceeding $60 billion in value. These transactions aren’t only limited to forex trading, but extends to other financial instruments such as digital currency, bonds, different binary options and CFDs.

The huge volume of transactions Avatrade deals with are facilitated by an international team that is spread out globally in key financial centers such as Shanghai and Tokyo in Asia, Milan and Paris in Europe and Nigeria and South Africa in Africa. As a multinational broker, Avatrade offers multilingual services backed by a support team that works round the clock five days a week. You can read more about it in our review.

03. XM Trade: Best For Forex Trading

XM.com is part of a much larger organization called the Trading Point of Financial Instruments UK Limited. This organization created the exam group in 2009, which then founded XM.com, which is now one of the best established and well-known investment firms in the world.

XM is chosen by many traders because their website is available in Arabic, and include excessive market information and educational content. They provide quality customer service, that includes a Dubai-based telephone line and Arabic email support. More details in our review.

They also offer some of the most powerful trading tools and many device apps, along with MetaTrader 4.

04. Pepperstone: Lowest Trading Fees


Based in Melbourne, Pepperstone Group has added customer-facing features at an extremely rapid pace, causing the broker to increase the number of active accounts at an equally surprising rate.

With multiple layers of security, no dealing desk, and AUD 100 minimum opening deposit on new accounts, new traders find Pepperstone Group an attractive option. Additionally, there are many support paths, including 24/5 phone and chat support, an FAQ section with comprehensive answers and clearly stated policies regarding trade disputes, deposits, and withdrawals.

05. Interactive Brokers: Best Overall Offer

Interactive Brokers gives traders access to 135 global markets in 33 countries. Professional traders take full advantage of industry-leading low commissions and low margin rates across all balance tiers. They provide a winning platform solution for Day, Mobile, Options, and Futures traders.

They offer 68 different order types giving traders of all levels access to global investment options including stocks, options, futures, and bonds in 31 currencies.

Casual and novice investors benefit from their website and platform fundamental research and education offerings.

Israel Securities Authority (ISA)

Formed in 1968, the Israel Securities Authority regulates the country’s forex industry, and works to protect investors and traders based in Israel. However, despite making good progress combatting fraud, creative accounting, and insider trading, it has not been free from scandal. It has so far failed to exercise its powers to reign in often fraudulent binary trading schemes, the majority of which fall under its oversight. The disappointments associated with the Or Fund and Kela Fund also occurred under its watch. Nevertheless, the ISA has made a concerted efforts in recent years to stop the public falling prey to unregulated offerings. As part of your due diligence, our analysts recommend following the ISA’s social media channels (a Facebook, LinkedIn and YouTube) to stay up to date with all the latest announcements. 

Forex Legislation in Israel

Domestic forex brokers are required to possess licenses issued by the ISA, and licensing conditions are very stringent. So far, only four have achieved this feat: PLUS500IL LTD, ATRADE LTD, TGL COLMEX CAPITAL MARKETS LTD, and FXCM TRADING LTD. Since the standards set by the ISA are so high and exacting regarding capital requirements, market volatility, recategorization, transparency, and reporting, many brokers choose to operate in Israel under overseas regulations.

Forex Trading Options Available

A wide range of accounts are available to forex traders in Israel. These range from micro to standard and professional options. As always, we recommend that inexperienced traders use their preferred broker’s virtual trading account before risking their own money. When you’re ready to get started, just some of the factors to be considered at the outset include the ease and cost of withdrawals and deposits, the fee schedule in place, the range of products on offer, the educational resources available, research standards, UX and UI, and much more.


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a brokers platform.

The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer: By trading with securities you are taking a high degree of risk. You can loose all of your investment money. You should start trading only if you are aware of this risk. Business24-7 is not providing any investment advice, we only help you find the best broker based on your needs and preferences. Business24-7 is free for everyone, but earns commission from some of the brokers. We get commission with no additional cost for you.

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