The regulation of forex, commodities and futures brokers is the responsibility of the Israeli Securities Authority (ISA), which is modelled on Britain’s FSA, but operates closer to the standards of an offshore center.

Until recently, a large number of forex brokers were operating from Israel, but only through companies registered in Cyprus or similar offshore centers, mostly in order not to alienate Muslim traders who would be unwilling to trade through an Israel-based company. In addition, since retail forex was almost entirely outside of the regulatory framework of the country, brokers were free to do as they pleased with clients, and fraud was a frequent problem. New regulations have been in effect since 2009 introducing many changes which have improved the legal framework to which Israeli brokers are subject to, but many loopholes remain.

If you are interested in trading forex, but unsure about which broker you should pick among the many questionable businesses in the market, you may find our selection of the world’s most reputable and competent forex brokers below. These are our top picks in the Israeli market, and you would do well to at least check them out before you make a final decision. Visit our new forex brokers comparison guide here.

Broker Features Regulator Platforms Next Step
Number One Broker ForexTime LogoYour capital is at risk Founded: 2011

- Over 400k Account Registered
- More than 250 Trading Instruments
- MT4, MT5 and Web Trader Platforms
- Full ECN Trading Model


CySEC, FCA, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
eToro LogoYour capital is at risk Founded: 2007

- Social and Copy Trading Platform
- 24/5 Customer Support
- Beginner Friendly


CySEC, FCA eToro Platform
Plus500 LogoYour capital is at risk Founded: 2008

- Multi Asset Trading Platform
- No Time Frame for Demo Accounts
- Very well regulated


ASIC, CySEC, FCA Plus500
OctaFX LogoYour capital is at risk Founded: 2011

- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone
- Scalping, hedging, trading on the news, and EAs are permitted.


FCA MT4 and cTrader
easyMarkets logoYour capital is at risk Founded: 2001

- Active since 2001
- 300+ markets can be traded


ASIC, CySEC MT4, Web platform & easyMarkets Trading App
FXPrimus LogoYour capital is at risk Founded: 1999

- 24/5 Customer support
- Well established
- Well regulated


CySEC MT4
HotForex LogoYour capital is at risk Founded: 2008

- 100% FTD Bonus(only non-EU)
- Social Trading Features
- Available in 25 languages


BaFin, CySEC, FCA, FSB, FSC MT4

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