Best Brokers in Israel 2024

Broker		Minimum Deposit	Leverage	MT4	MT5	Bonus	Review	Website
xChief		50$	1:500	✅	✅	up to 500$		www
XTB		0$	1:500	✅	❌			www
JustMarkets		1$	1:3000	✅	✅	30$		www
Exness		10$	1:2000	✅	✅			www
XM		5$	1:888	✅	✅	30$		www
RoboForex		10$	1:2000	✅	✅			www
FBS		1$	1:3000	✅	✅	70$		www
IC Markets		200$	1:500	✅	✅			www
eToro		50$	1:30	❌	❌			www
EasyMarkets		100$	1:500	✅	✅			www
IQ Option		10$	1:500	❌	❌			www
PocketOption		50$	1:1000	❌	❌	50%		www
Markets.com		100$	1:300	✅	✅	25$		www
Skilling		100$	1:500	✅	❌	up to $10000		www
FXCL		10$	1:500	✅	❌	115%		www
Libertex		100$	1:1000	✅	✅	100%		www
AMarkets		100$	1:1000	✅	✅			www
Vantage		200$	1:500	✅	✅	70%		www
InstaForex		1$	1:1000	✅	✅	100%		www
OctaFX		50$	1:500	✅	✅	50$		www
FXOpen		1$	1:500	✅	✅	10$		www
Tickmill		100$	1:500	✅	✅	30$		www
FreshForex		1$	1:2000	✅	✅	300%		www
NordFX		10$	1:1000	✅	✅			www
CMTrading		250$	1:500	✅	❌	50%		www
Weltrade		50$	1:1000	✅	✅	100%		www
Deriv		5$	1:1000	✅	✅			www
FXTM		10$	1:2000	✅	✅			www
Eightcap		100$	1:500	✅	✅			www
LiteFinance		50$	1:500	✅	✅			www
Naga		250$	1:500	✅	✅			www
GMI Markets		100$	1:500	✅	✅			www
GoFX		50$	1:500	✅	✅			www
MTrading		10$	1:1000	✅	❌	200%		www
Fortrade		100$	1:200	✅	❌			www
Forex4you		1$	1:1000	✅	✅	100%		www
Admirals		100$	1:500	✅	✅	100$		www
BDSwiss		100$	1:500	✅	✅			www
HF Markets		5$	1:1000	✅	✅			www
Bitget		10$	1:125	❌	❌			www
Forexee		10$	1:500	✅	✅			www
Coinexx		1$	1:500	✅	✅	100%		www
Axi		0$	1:500	✅	❌			www
Amega		1$	1:1000	✅	✅	150%		www
Land Prime		10$	1:2000	✅	✅			www
SimpleFX		0$	1:500	✅	❌	Up to 25% or 2500$		www
HYCM		100$	1:500	✅	✅			www
FiboGroup		50$	1:1000	✅	✅			www
Grand Capital		10$	1:500	✅	✅	40%		www
EagleFX		10$	1:500	✅	❌			www
LMFX		50$	1:1000	✅	❌			www
MeeFX		50$	1:500	✅	❌			www
Bitazza		50$	1:100	❌	❌			www
Fullerton Markets		100$	1:500	✅	✅			www
Alpari		5$	1:1000	✅	✅			www
ActivTrades		100$	1:400	✅	✅			www
BlackBull		200$	1:500	✅	✅			www
KCM Trade		50$	1:500	✅	✅			www
BitPanda		1$	1:500	❌	❌			www
FP Markets		100$	1:500	✅	✅			www
FXGlory		1$	1:3000	✅	✅	50%		www
IFC Markets		1$	1:400	✅	✅			www
IronFX		50$	1:1000	✅	✅			www
FX Giants		100$	1:1000	✅	❌	50$		www
360Capital		200$	1:500	✅	✅			www
TradersWay		10$	1:1000	✅	✅	100%		www
orbex		200$	1:500	✅	✅			www
WorldForex		1$	1:1000	✅	✅	10$		www
N1CM		10$	1:500	✅	✅	35%		www
Pepperstone		200$	1:500	✅	✅			www
Taurex		100$	1:500	✅	✅			www
TMGM		100$	1:500	✅	✅	30%		www
GoMarkets		200$	1:500	✅	✅	50%		www
FusionMarkets		10$	1:500	✅	✅			www
FXGT		50$	1:500	✅	✅	100%		www
CPT Markets		50$	1:500	✅	✅			www
CWG Markets		50$	1:500	✅	✅	100%		www
SabioTrade		250$	1:300	❌	❌			www
Exnova		50$	1:300	✅	✅			www
QuadcodeMarkets		200$	1:500	✅	✅			www
FXView		100$	1:400	✅	✅	100%		www
T4Trade		50$	1:500	✅	✅	100%		www
DooPrime		100$	1:500	✅	✅	20%		www
FXDD		250$	1:500	✅	✅			www
Accuindex		100$	1:500	✅	✅	30%		www
Trade Nation		0$	1:200	✅	❌			www
MultiBank Group		50$	1:500	✅	✅	25%		www
ACY Securities		50$	1:500	✅	✅	60%		www
EC Markets		200$	1:500	✅	✅			www
VT Markets		200$	1:500	✅	✅	50%		www
Startrader		50$	1:500	✅	✅	70%		www
Ultima Markets		100$	1:500	✅	❌	70$		www
Squared Financial		100$	1:500	✅	✅	100%		www
TeleTrade		100$	1:500	✅	✅	100%		www
FXCC		100$	1:500	✅	❌	100$		www
SpreadEX		1$	1:200	❌	❌			www
TopFX		100$	1:500	✅	✅	100%		www
Axiory		50$	1:400	✅	✅			www
Funding Traders		50$	1:500	✅	✅			www
TIO Markets		50$	1:200	✅	✅			www
PlexyTrade		200$	1:500	✅	✅	120%		www
FTMO		100$	1:100	✅	✅			www
Purple Trading		100$	1:500	✅	❌			www
PaxForex		10$	1:500	✅	❌	100%		www
Hankotrade		10$	1:500	❌	❌	100%		www
FirewoodFX		10$	1:1000	✅	❌	88%		www
AccentForex		50$	1:500	✅	❌	75%		www
Olymptrade		10$	1:500	✅	✅	50%		www
ExpertOption		10$	1:500	❌	❌	50%		www
Quotex		10$	1:500	❌	❌	30%		www
CryptoRocket		10$	1:500	✅	✅			www
Traders Trust		50$	1:500	✅	❌	75%		www
Yadix		100$	1:500	✅	❌	50%		www
BKFX		50$	1:500	✅	❌	30%		www
Investizo		50$	1:500	✅	❌			www
XBTFX		10$	1:500	✅	✅	25%		www
GANN Markets		100$	1:500	✅	✅	40$		www
PrimeBit		50$	1:200	✅	❌	$80		www
Switch Markets		100$	1:500	✅	✅	100%		www
Opofinance		50$	1:500	✅	✅			www
MarketsVox		50$	1:500	✅	✅	100%		www
Gerchik & Co		100$	1:500	✅	✅	100%		www
CapitalXtend		100$	1:500	✅	✅	30%		www
VPFX		200$	1:500	✅	✅			www
Varianse		100$	1:400	✅	❌	10%		www
PU Prime		50$	1:500	✅	✅	50%		www
INGOT Brokers		100$	1:500	✅	✅			www
Global Prime		200$	1:200	✅	✅			www
CXM Direct		10$	1:500	✅	✅			www
AZA Forex		50$	1:500	✅	✅	120%		www
KOT4X		50$	1:500	✅	❌	100%		www
Crystal Ball Markets		50$	1:500	✅	✅			www
Errante		50$	1:500	✅	✅	30%		www
DeltaFX		200$	1:500	✅	✅	50%		www
CFI Financial		100$	1:500	✅	✅			www
ThinkMarkets		0$	1:500	✅	✅			www

Best Brokers in Israel

Choosing the best broker in Israel can be a daunting task, given the numerous options available.

This article aims to guide you through the essential factors to consider when selecting a brokerage firm, including regulations, fees, trading platforms, and customer support.

Our goal is to help you make an informed decision that suits your trading needs and goals.

Regulations and Safety

One of the most critical aspects of choosing a broker is ensuring that they are regulated by a reputable authority.

In Israel, trading companies should be regulated by the Israel Securities Authority (ISA).

This regulation ensures that the firm adheres to strict financial standards and provides a level of security for your investments.

Regulated brokers offer various protections, including:

• Segregation of client funds from its operational funds.
• Compensation schemes in case the company becomes insolvent.
• Regular audits and compliance checks.

Broker Selection Criteria

In selecting the best brokers in Israel, several critical criteria were considered:

• Regulatory status and adherence to strict financial standards.
• Range of trading platforms and tools available.
• Transparency and competitiveness of fees and commissions.
• Quality and availability of customer support.
• Provision of educational and market analysis resources.
• Security measures for client funds.

Types of Brokers

Understanding the different types of brokers can help you choose the one that best fits your trading style:

• Market Makers: Brokers who provide liquidity by creating a market for clients. They may trade against clients but offer fixed spreads.
• ECN (Electronic Communication Network): Provide direct access to the interbank market, offering tighter spreads and faster execution.
• STP (Straight Through Processing): Brokers who route clients’ orders directly to liquidity providers without dealing desk intervention.

Trading Platforms

The trading platform is your gateway to the financial markets.

A good platform should be user-friendly, stable, and offer a range of tools and features to enhance your trading experience.

Popular trading platforms available in Israel include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms.

Key features to look for in a trading platform:

• Ease of use and intuitive interface.
• Availability of technical analysis tools and indicators.
• Speed and reliability of order execution.
• Mobile trading capabilities.
• Customizable charting options.

Mobile Trading

In today’s fast-paced world, the ability to trade on the go is crucial.

Many brokers offer mobile trading apps that provide full functionality of the desktop platform.

Features to look for in a mobile trading app include:

• Real-time quotes and charts.
• One-click trading.
• Push notifications for price alerts and news.
• Secure login and transaction capabilities.
• Synchronization with the desktop platform.

Fees and Commissions

Fees and commissions can significantly impact your trading profitability.

It is essential to understand the different types of fees brokers may charge, including:

• Spreads: The difference between the bid and ask price.
• Commissions: A flat fee per trade or a percentage of the trade volume.
• Overnight financing fees: Also known as swap rates, charged for holding positions overnight.
• Withdrawal and deposit fees.
• Inactivity fees.

Comparing these costs across different trading firms can help you find the most cost-effective option for your trading style.

Customer Support

Reliable customer support is crucial, especially for new traders who may need assistance navigating the trading platform or resolving issues.

When evaluating its customer support, consider the following:

• Availability: 24/5 or 24/7 support.
• Channels: Phone, email, live chat, and social media.
• Response time: How quickly they respond to inquiries.
• Quality of support: Knowledge and helpfulness of the support staff.
• Language options: Support in Hebrew and other languages.

Account Types and Funding Options

Brokers typically offer various account types to cater to different trading needs and preferences.

These account types may include standard accounts, micro accounts, and VIP accounts, each with its set of features and benefits.

It is essential to choose a broker that offers an account type that aligns with your trading goals and budget.

Additionally, consider its funding options, including deposit and withdrawal methods, processing times, and associated fees.

Leverage and Margin Requirements

Leverage allows investors to control a larger position with a smaller amount of capital, potentially increasing profits.

However, it also increases the risk of significant losses.

Brokers offer varying levels of leverage, so it is essential to choose one that provides suitable leverage levels for your trading strategy.

Additionally, consider the margin requirements and policies to ensure they align with your risk tolerance.

Range of Tradable Instruments

A diverse range of tradable instruments allows traders to diversify their portfolios and take advantage of various market opportunities.

When choosing a broker, consider the range of instruments they offer, including forex, commodities, indices, stocks, cryptocurrencies, and more.

A broker with a wide selection of tradable instruments can provide greater flexibility and trading opportunities.

Educational Resources

Many companies offer educational resources to help users improve their skills and knowledge.

These resources can include:

• Webinars and seminars.
• Trading guides and tutorials.
• Market analysis and research.
• Demo accounts to practice trading without risking real money.

Access to quality educational materials can be particularly beneficial for beginner traders.

Advanced Trading Tools

For experienced traders, advanced trading tools can significantly enhance trading strategies and decision-making processes.

These tools may include:

• Automated trading systems and algorithmic trading.
• VPS (Virtual Private Server) hosting for uninterrupted trading.
• Advanced charting and technical analysis tools.
• Trading signals and alerts.
• Customizable trading dashboards and interfaces.

Advanced trading tools can help traders execute their strategies more efficiently and effectively.

Social Trading and Copy Trading

Social trading and copy trading platforms allow traders to follow and replicate the trades of experienced users.

These platforms can be particularly beneficial for novice traders looking to learn from more experienced market participants.

Key features of social trading and copy trading platforms include:

• Ability to follow and copy the trades of successful traders.
• Access to a community of users for sharing ideas and strategies.
• Performance statistics and risk profiles of traders to follow.
• Automatic execution of copied trades in your account.

Social trading and copy trading can provide an additional layer of support and guidance for investors of all levels.

Pros and Cons

Detailed Analysis of Top Brokers

Here is a detailed analysis of the top brokers in Israel, including their key features, regulations, and other relevant details.

The following table provides a comprehensive comparison, ordered alphabetically for ease of reference.

Security of Funds

Ensuring the security of funds is a top priority for reputable companies.

Here are some of the measures they take to protect your money:

• Segregated Accounts: Client funds are kept separate from its operational funds to ensure that your money is not used for any other purposes.
• Insurance Coverage: Some brokers offer insurance coverage for client funds in the event of insolvency.
• Regular Audits: Trading firms are subjected to regular audits by regulatory authorities to ensure compliance with financial standards.
• Encryption Technology: Brokers use advanced encryption technology to protect clients’ personal and financial information.

Trading Strategies

Different trading strategies can be used depending on your trading goals and risk tolerance.

Here are some popular trading strategies:

• Day Trading: Involves buying and selling securities within the same trading day. This strategy aims to capitalize on short-term price movements.
• Swing Trading: Involves holding positions for several days to weeks to profit from medium-term price movements.
• Scalping: Involves making numerous small trades throughout the day to capture small price movements. This strategy requires quick decision-making and fast execution.
• Position Trading: Involves holding positions for weeks to months to profit from long-term price trends.

Market Analysis Tools

Access to market analysis tools can help individuals make informed decisions.

Here are some tools commonly provided:

• Economic Calendars: Provide information on upcoming economic events and data releases that can impact the markets.
• News Feeds: Offer real-time news and analysis on market developments and economic indicators.
• Sentiment Indicators: Show the market sentiment based on the positions of other traders, helping you gauge market sentiment.
• Technical Analysis Tools: Include charting tools, indicators, and oscillators to analyze price movements and identify trading opportunities.

Account Opening Process

Opening an account typically involves the following steps:

1. Registration: Complete the online registration form with your personal details.
2. Verification: Submit the required identification documents for verification purposes.
3. Funding: Deposit funds into your trading account using the available payment methods.
4. Trading: Once your account is funded, you can start trading on its platform.

Conclusion

Choosing the best broker in Israel involves careful consideration of various factors, including regulations, trading platforms, fees, customer support, and educational resources.

By evaluating these aspects, you can find a firm that meets your trading needs and helps you achieve your financial goals.

Remember, the right broker can make a significant difference in your trading experience and success.

FAQ

Resources

Here are some resources that were used in making this article:

• Israel Securities Authority (ISA)
• About the Israel Securities Authority
• Regulation of Broker-Dealer Activity: Israel Securities Authority Legislative Memorandum
• List of licensed trading platforms

User Reviews

Article written, edited and reviewed by

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Last updated: September 4, 2024