Forex Brokers in Israel
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.
75% of clients lose money. Capital at risk.
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