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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 Forex.com logo75% of clients lose money. Capital at risk. Founded: 1999

- Trusted Global Market Leader
- Online FX & CFD Trading
- 180+  Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more
- Forex, Indices, Commodities, Equities & Bitcoin
- Available to US traders


CFTC, CIMA, FCA, FSA, IIRO, NFA FOREXTrader & MT4 for PC, MAC, iPhone, iPad and Android, WebTrader
eToro LogoYour capital is at risk Founded: 2019

- Trade 15 cryptocurrencies
- Beginner friendly


- eToro
Eagle FX broker logoYour capital is at risk Founded: 2019

- MT4 trade platform
- 31 cryptocurrency markets
- 24/7 support available
- Facilitates same day withdrawals


Unlicensed MT4 Windows, MT4 MAC, MT4 IOS, MT4 Android, Web Trader

    Read our reviews of more forex brokers that did not make our top list above:

    NetoTrade – Read review Orbex – Read review
    iForex – Read review Trade24 – Read review
    xTrade – Read review Trade360 – Read review
    24Option – Read review UFX – Read review
    IG Group – Read review HarborX – Read review
    MexGroup – Read review Oanda – Read review
    Tradeo – Read review London Capital Group – Read review
    IC Markets – Read review CFD Global – Read review
    ATFX – Read review TradeFred – Read review
    IQ Option – Read review Libertex – Read review
    Swiss Markets – Read review iTrader – Read review
    FX Globe – Read review Formax – Read review
    Think Markets – Read review Z.com Trade – Read review
    Orbex – Read review NSFX – Read review
    USGFX – Read review STO – Read review
    Trio Markets – Read review HYCM – Read review
    eToro – Read review FXGiants – Read review
    BD Swiss – Read review ETX Capital – Read review
    Trade.com – Read review easyMarkets – Read review
    Finq – Read review XTB – Read review
    everFX – Read review

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