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 Bonus Regulator Platforms Next Step
Number One Broker ForexTime Logo Founded: 2011

Switch to FXTM
get $4 back for every lot you trade
T&C Apply

CySEC, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
eToro Logo Founded: 2007
CySEC, FCA eToro OpenBook, eToro WebTrader, eToro Mobile Trader
esayMarkets logo Founded: 2001

50% deposit bonus up to $2,000*

*(excluding EU Countries)
ASIC, CySEC MT4, Web platform & Easy-forex on mobile
Plus500 Logo Founded: 2008
ASIC, CySEC, FCA Plus500
HotForex Logo Founded: 2008

100% FTD Bonus

CySEC, FSA MT4
Oanda Logo Founded: 1996
ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA fxTrade, MT4
FXPrimus Logo Founded: 1999
CySEC MT4
Founded: 2011

FTD 50% Bonus

FCA MT4 and cTrader
XTB Logo Founded: 2002

Cash back loyalty bonus.
Earn up to £1.80 cash back per lot.

BaFin, CMB, FCA, KNF xStation, MT4, Mobile