The leading forex brokers in Israel in 2021 are IQ Option, AVATrade, XM, Pepperstone, and Interactive Brokers. All brokers have strengths and weaknesses, as revealed in our reviews. Some traders prefer the trading platform at AVATrade. Others choose the sophisticated services at Pepperstone.
This article discusses the top forex brokers for Israeli citizens. Our findings will help you decide which is the best brokerage firm for your trading needs.
The Top 5 Forex Brokers Of 2021 For Israeli Citizens
We use a Trust Score Ranking system to determine which the best forex broker is. Our analysis revealed that the following are the leading brokers for Israeli citizens:
- IQ Option has the best offer for Israeli traders.
- AVAtrade has the best trading platform for beginner traders.
- XM has an excellent mobile trading platform for Israeli citizens.
- Pepperstone has the lowest trading fees.
- Interactive Brokers has advanced tools and low trading fees.
Best Online Forex Brokers in Israel 2021
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||IQ Option||Best overall offer||4.9/5||Options, stocks, forex and crypto||Official website|
|#2||AVAtrade||Best web trading platform||4.9||Beginner traders||Official website|
|#3||XM||Best for forex trading||4.9||Mobile platform||Official website|
|#4||Pepperstone||Lowest trading fees||4.8/5||Low fees||Official website|
|#5||Interactive Brokers||Best overall offer||4.8/5||Advanced tools||Official website|
TOP 5 Forex Brokers in Overview:
01. IQ Option: The Best Israel Broker With Versatile Assets
IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support.
It is a great platform for traders looking to invest in options and cryptocurrencies on a feature-rich and easy-to-use trading platform. IQ Options is excellent for traders at all levels from beginners to advanced. With nearly 16 million accounts and 3.6 million trades per day, IQ Options offers a transparent trading platform that enables users to trade forex, stocks, binary options, and cryptocurrencies.
The trading experience on their proprietary web, desktop (Windows and Mac), and mobile platforms is smooth. Their trading platform offers a great variety of charting tools that help traders predict future market movements.
02. AVA Trade: The Leading Beginner-Friendly Web Trading Platform In Israel
Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. AVAtrade trades dozens of cryptocurrencies and a handful of options. They provide several trading platforms, each aimed towards traders with different experience and skill levels.
Deposits and withdrawals are free of charge. The minimum deposit is $100. There are fees for inactivity and overnight financing. A dedicated educational and research site offers several free courses, videos, and market analysis. Customer support is responsive and available through phone, email, and live chat.
Regulated in six jurisdictions, AvaTrade is available in the UAE since 2020. They are a trusted broker with a long operational history.
03. XM Trade: The Best Mobile Trading Platform For UAE Citizens
XM.com is the best broker for trading forex and CFDs. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop platform, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.
Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions.
Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investment Commission), IFSC and is considered a safe broker for trading forex and CFDs.
04. Pepperstone: The Lowest Trading Fees For Israeli Clients
Based in Melbourne, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced. Pepperstone offers MetaTrader and cTrader trading platforms with multiple self-developed add-ons. They do not have a proprietary mobile platform and instead use MT4 and cTrader mobile apps.
Pepperstone has a low minimum deposit, great customer support, an above-average research section, and an award-winning set of educational tools. Customer service is fast and reliable.
05. Interactive Brokers: The Best Forex Broker For Advanced Educational And Research tools
Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero commission trades, great variety of trading tools and leading pricing for professionals. We recommend it to casual investors and advanced traders.
Interactive Brokers offers access to 135 global markets in 33 countries. Its portfolio is vast and has 68 distinct order types including: Stocks, Options, Futures, Bonds. All these assets are available in 31 currencies. Professional traders enjoy the industry-leading low fees and low margin rates. It has premium trading platforms for Day, Mobile, Options, and Futures traders. Both casual and beginner traders can use this broker’s platform. It is straightforward and has diverse research and education tools.
IQ Option, AVATrade, XM, Pepperstone, and Interactive Brokers are the best forex brokers in Israel in 2021. Israeli forex traders receive excellent tools and asset variety with these brokers.
Read our reviews for each forex broker before choosing one. Israeli clients have access to powerful educational tools, market data, and forex trading platforms.
Frequently Asked Questions
We review the best Israeli forex brokers with 105 criteria. We use real accounts and transactions for an accurate assessment. Read about our system in our Methodology section.
How We Identify A Reliable Forex Broker?
We identified the leading forex brokers in Israel after thorough research. Asset variety, user experience, and customer service are the key aspects we discuss.
Safety Risks For Israeli Citizens
A trustworthy forex broker for Israeli citizens has top-tier licenses. Experienced brokerage firms have a banking history or a presence on an exchange market. Read about trading risks for Israel citizens in our in-depth reviews.
What Is The Financial Regulatory Authority In Israel?
The Israel Securities Authority handles the Israeli financial market. It protects investors and traders against fraud and scams. Read more about ISA on Wikipedia.
The ISA began monitoring the Israeli capital market in 1968. They focus on forex trading practices to ensure transparency and fairness. If a broker has an ISA license, it contributes to its reputation.
How We Chose The Top International Trading Platforms For Israeli Residents?
We reviewed each of the Israeli forex brokers using 105 data points. Some of the aspects we analyze include:
Costs: A transparent fee structure contributes to a great trading experience. Some forex brokers have simple fee structures, but others don’t. Read our in-depth reviews for details on fee structures for each forex broker.
Account: Each forex broker has different account types. Some Israeli brokers request a minimum deposit fee. Others won’t request a minimum deposit for opening new accounts. Check what account options you have with a broker in our in-depth reviews.
Withdrawal and deposit: Withdrawing and depositing funds should be a straightforward process. Depositing funds takes longer with some brokers than with other. Learn about broker’s policies for Israeli residents in our reviews.
Market and products: Each broker has its own market and products coverage. Read about markets and products available in Israeli in our in-depth reviews.
Trading platforms: A user-friendly trading platform contributes to a good trading experience. Select a broker with a simple to understand platform. The brokers in our review have reliable platforms, but might be challenging for inexperienced traders. Verify our in-depth reviews to discover which platform is best for your trading style.
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.
If you liked this article than also read:
- Saudi Arabia
- 1 TOP 5 Forex Brokers in Overview:
- 1.1 01. IQ Option: The Best Israel Broker With Versatile Assets
- 1.2 02. AVA Trade: The Leading Beginner-Friendly Web Trading Platform In Israel
- 1.3 03. XM Trade: The Best Mobile Trading Platform For UAE Citizens
- 1.4 04. Pepperstone: The Lowest Trading Fees For Israeli Clients
- 1.5 05. Interactive Brokers: The Best Forex Broker For Advanced Educational And Research tools
- 1.6 Final Verdict
- 1.7 Frequently Asked Questions
- 1.8 How We Identify A Reliable Forex Broker?
- 1.9 Safety Risks For Israeli Citizens
- 1.10 What Is The Financial Regulatory Authority In Israel?
- 1.11 How We Chose The Top International Trading Platforms For Israeli Residents?