To come up with this list, we have tested forex brokers Israel.

We opened a real account and deposited between $4,000 and $6,000 with each broker. Afterward, we placed real trades in each popular market to get the accurate picture. 

Then we contacted the customer support team to see if they were able to solve our problems. At last, we checked the withdrawal process by withdrowing our funds.

We handpicked the best forex brokers Israel based on our trading data and experience as a trader.

Is Forex Trading legal in Israel?

Israel is located in Western Asia. It neighbors Lebanon, Jordan, Syria, and Egypt. The economic center of the country is the capital city – Tel Aviv. In the Middle East and Western Asia, Israel is considered to be the most developed and advanced country.

The country is known for its high-quality education. Though Israel does not stand out for its natural resources, the country has concentrated on its agriculture and industrial sector, promoting the country’s economic state. Israel is among the countries with the highest standard of living in the Middle Eastern region. The Israeli national currency is the Israeli Shekel.

In Israel forex trading is legal. Back in the 2000s, forex trading was not very popular in the country. It was not properly regulated. However, in 2015, the country introduced new rules and regulations, making forex trading legal and safe. Today, many forex brokers strive to get a local license.

The market is regulated by the Israel Securities Authority (ISA). The regulation is quite tight, and only trustworthy brokers are eligible to get licenses. Read more about the regulator on the Wikipedia page.

The official website of the Israel Securities Authority is

🏦RegulatorThe Israel Securities Authority
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo
📊 Maximum Leverage1:30

Best Forex Brokers in Israel

Finding forex brokers Israel has become quite easy recently. Although the sector is regulated quite tightly in the country and getting a local license is not that easy, still many international brokers accept traders from Israel. However, there are some international brokers that do not accept traders from Israel so you should check conditions well.

There are brokers that are based in the country, falling under local regulation, and there are international brokers that accept Israeli traders. In trading, money safety goes first, thus we recommend signing only with reliable and trustworthy firms with favorable offerings.

When choosing a forex broker Israel, we advise traders to first pay attention to the broker’s payment methods. Always check whether the payment methods offered by the broker are available in Israel. Another essential aspect is customer support. Traders should make sure that the broker provides customer support in the preferred language.

To select the best forex brokers Israel, we have reviewed many regulated forex brokers. Based on our research, we have come up with a list of the best forex brokers for traders from Israel:

  • Plus500 – Best Online Broker Israel Overall
  • eToro – Best Forex Broker for Beginners Israel
  • FP Markets – Best Metatrader 4 Broker Israel
  • Admiral Markets – Best Low Spread Forex Broker for Israel
  • Vantage FX – Best Stock Broker in Israel

Best Online Broker Israel Overall

We picked Plus500 as the best online forex broker Israel overall.

Founded in 2008 Plus500 is headquartered in Israel. The company is listed on the London Stock Exchange. The broker holds licenses in the United Kingdom, Cyprus, Seychelles, Singapore, and Australia. It is a forex and CFDs broker offering services in the following markets: stocks, indices, cryptocurrencies, ETFs, and options.

The broker mostly offers fixed spreads rather than floating spreads. Plus500 spreads for forex and ETFs are much lower than the industry average. Spreads on indices, commodities, stocks, and cryptocurrencies are either in-line or slightly higher than the average.

Plus500 has a single account type. The broker offers the following payment methods: credit/debit cards, bank transfers, and two popular electronic wallets, PayPal and Skrill. Plus500 offers its own user-friendly trading platform.

Best Forex Broker for Beginners Israel

We picked eToro as the best forex broker Israel for beginners.

Founded in 2007, eToro is headquartered in Tel Aviv, Israel. eToro carries licenses in the UK, USA, Australia, and Cyprus. The broker is popular as one of the best social trading platforms. It allows access to multiple markets, including forex, indices, commodities, stocks, exchange-traded funds (ETFs), and cryptocurrencies.

The spreads, for indices and forex instruments, are below the industry average. On the other hand, commodities and stock CFDs spreads are above the industry average.

eToro offers only a single account type. It has its own proprietary trading platform, which is modern and easy to use.

We have chosen eToro as the best forex broker Israel for beginners. The broker’s education section includes video tutorials, podcasts on trading, a text guide on trading and investment, also, daily news, and analysis of major market activities.

Best MetaTrader4 Broker Israel

We picked FP Markets as the best MetaTrader4 forex broker Israel.

FP Markets is an Australia-based broker, founded in 2005. The broker is licensed in several jurisdictions: the United Kingdom, Australia, Cyprus, Saint Vincent, and the Grenadines. With FP Markets traders have access to multiple trading instruments, such as forex, stocks, indices, commodities, and cryptocurrencies.

The broker’s two account types are based on its platforms. Traders can choose between the Standard account and Raw account. FP Markets allows withdrawals via credit/debit cards, bank transfers, PayPal, Skrill, and several other methods.

We have chosen FP Markets as the best MT4 forex broker Israel. Besides the IRESS platform, FP Markets also offers MT4 and MT5 platforms. The broker’s MT4 platform is equipped with the best tools and features suitable for favorable trading.

Best Low Spread Forex Broker for Israel

We picked Admiral Markets as the best low spread forex broker Israel.

Admiral Markets is a global Forex and CFDs broker. Founded in 2001 the broker is based in Estonia and holds multiple licenses in Australia, the United Kingdom, Cyprus, and Estonia. With Admiral Markets traders have access to the following markets: forex pairs, indices, stocks, commodities, and cryptocurrencies.

Admiral Markets offers the popular MetaTrader 4 and MetaTrader 5 platforms to conduct trades. The broker has five account types: Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, and Zero.MT5. Clients can fund their accounts through multiple payment methods, such as bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.

We have chosen Admiral Markets as the best low spread forex broker Israel. It offers low spreads across all the markets. The broker’s average spreads for the popular instruments in each market are much lower than industry averages. Admiral Markets also offers a Zero Spread Account.

Best Stock Broker in Israel

We picked Vantage FX as the best stock forex broker Israel.

Founded in 2009, Vantage FX is a forex and CFDs broker. It is headquartered in Sydney, Australia. The broker is tightly regulated and holds licenses in multiple jurisdictions: the United Kingdom, Australia, Vanuatu, and The Cayman Islands. Vantage FX offers tradable instruments across the following markets: forex, indices, commodities, cryptocurrencies, and shares CFDs.

The broker has various account types: Raw ECN, Standard STP, and Pro ECN. The broker’s spreads for forex and commodities are much lower than the industry average. Vantage FX offers MetaTrader 4 and MetaTrader 5 platforms.

We have chosen Vantage FX as the best stock broker Israel. Based on research we found this online stock broker suitable to trade stocks.

Israel Forex Brokers List

We have tested many regulated and trustworthy forex brokers Israel. Based on our research, we have come up with a list of available forex brokers Israel.

Israel Forex BrokerAbout Our TestOur Review
Plus500Deposit Amount: Over €6,000
Total Trade: 18 trades
Plus500 Review
eToroDeposit Amount: Over $6,000
Total Trade: 18 trades
eToro Review
FXTMDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
Admiral MarketsDeposit Amount: Over €4,000
Total Trade: 12 trades
Admiral Markets Review
FP MarketsDeposit Amount: Over €6,000
Total Trade: 12 trades
FP Markets Review
Trading 212 Deposit Amount: Over €5,500
Total Trade: 15 trades
Trading 212 Review
ActivTradesDeposit Amount: Over €5,000
Total Trade: 12 trades
ActivTrades Review
XTBDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
FxProDeposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
DukascopyDeposit Amount: Over €4,000
Total Trade: 15 trades
Dukascopy Review
IC MarketsDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
TickmillDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review

FAQ and More on Forex Trading Israel

Traders usually have many concerns related to forex trading in Israel. To be helpful we picked and answered some of the most essential questions related to forex brokers Israel.

How to Verify Israel Regulated Forex Broker?

Verifying an Israel forex broker is not at all difficult. Generally, this kind of information traders can find on the local regulator’s official website. In Israel, the forex market is regulated by the Israel Securities Authority (ISA).

However, there is another way to verify a forex broker Israel. You can just visit the broker’s website and see whether it offers services in your region. Almost all brokers mention on their websites the available and restricted regions.

Israel Securities Authority (ISA) - official website

Swap Free Islamic Forex Broker Israel

Islamic accounts are specifically designed for Muslim traders as Sharia laws prohibit any Muslim to earn or pay interest. Read more about Islamic Accounts here. They are quite popular in Israel among the Muslim population, so we decided to choose the best Islamic accounts brokers Israel:

Based on our research we came up with the following Islamic account forex brokers Israel:

  • FxPro
  • ActivTrades
  • Admiral Markets

Offshore Stock Brokers in Israel

Many popular forex brokers, however, do not accept traders from Israel. There are many offshore brokers in the market that may target Israel clients. This means, that traders should be very careful in a broker choice and pay attention to the broker’s regulation, reliability, and offerings:

To help Israel residents choose a trustworthy stock forex broker Israel, we have come up with several stock brokers:

  • Dukascopy
  • Trading 212
  • ActivTrades

High Leverage Brokers for Israeli

Leverage is basically the borrowed money by a trader to make investments in a trading instrument. Leverage is essential in trading, as it helps traders gain more profit by taking higher positions.

High leverage is available mostly for professional traders or retail traders opening accounts with commodities and crypto brokers like Dukascopy. Offshore brokers offer high leverage but they are not recommended.

Tax for Forex Trading in Israel

Forex trading in Israel is subject to taxation. The general income rates vary based on the income amount. The income rate can range from 10% to 50%. Capital gains in the country are usually taxed at 25-33%.

Israel traders are responsibile for filing tax forms to the country’s relevant institution. They may face fines and penalties, in case of delays or tax avoidance.

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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