Best Forex brokers for beginners in Israel in 2024

1
8.28
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2
7.19
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3
9.4
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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
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Traders Union (TU) analysts have prepared a comparative analysis of the best brokers Israel in 2024. Experts performed the analysis taking into account the specifics of trading in the country. In their evaluation, TU experts use over 100 criteria that are split into groups. They have collected all the necessary data providing a possibility for novice traders from Israel to give an unbiased evaluation to a broker. Using this information, a user can choose the company that meets his criteria.

The Most Reliable Brokers Israel by TU include the following:

1
8.28
VISIT BROKER
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FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.

2
7.19
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TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.

3
9.4
VISIT BROKER
Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.

4
5.46
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SimpleFX is a broker with fairly limited trading terms and is focused primarily on traders who trade cryptocurrencies.

5
7.47
VISIT BROKER
Your capital is at risk.
74.91% of retail investor accounts lose money when trading CFDs with this provider.

Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.

Best forex brokers for beginners in Israel in 2024

FBS TeleTrade eToro SimpleFX Libertex

Trading platform

MetaTrader 4, MetaTrader 5, FBS Trader

MT4, МТ5

Mobile apps (iOS, Android)

MetaTrader 4, as well as its proprietary SFX platform for WEB, iOS, and Android

Libertex, МТ4, МТ5

Min deposit

$1

$1

$100

$1

$100

Leverage

From 1:1
to 1:2000

From 1:1
to 1:10

From 1:2
to 1:30

From 1:1
to 1:500

From 1:1
to 1:30

Trust management

No

No

No

No

No

Accrual of % on the balance

0.00%

0.00%

0.00%

0.00%

0.00%

Spread

From 0.2 points

From 0.8 points

From 2.0 points

From 0.9 points

From 0.1 points

Level of margin call / stop out

40% / 20%

70% / 20%

0% / 0%

20% / 20%

50% / 50%

Execution of orders

Market Execution

Market Execution, Instant Execution

Instant Execution

Market Execution

Market Execution, Instant Execution

No deposit bonus

$5

No

No

No

No

Cent accounts

Yes

No

No

No

No

There are certain specifics in trading, which novice traders residing in the territory of Israel need to know about:

  • Novice traders need educational courses. The bigger the educational blocks, the more useful knowledge you will gain.

  • Take notice of the availability of a demo account or a cent account. Traders can use these accounts to practice without considerable costs. A demo account allows you to work with virtual money, and a cent account - with micro lots, where your profit or loss amounts to just several dollars or even cents.

  • When choosing a broker, it is important to evaluate its fees schedule. Novice traders should check out the fees on cent or basic accounts.

  • If a novice trader professes Islam, he needs to make sure that an Islamic account is available. it is a special swap-free account that does not violate the Sharia law.

1
Best Forex broker for beginners in Israel - FBS

FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.

👍 Advantages of trading with FBS for traders from Israel:

negative balance protection;

a large selection of trading instruments;

the support service works 24/7.

👎 Disadvantages of FBS for traders from Israel:

no cryptocurrency;

auto copying is not available;

no PAMM accounts;

not suitable for short-term trading, such as scalping;

the support service works in a limited number of languages;

only two real accounts.

FBS Commissions & Fees for traders from Israel

FBS charges trading fees. The fees are charged as the spread. In the fees review for traders from Israel, you can learn about their rates depending on the account type.

FBS Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Standard

From $1.7

No

Cent

From $1.3

No

VISIT BROKER
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2
Best Forex broker for beginners in Israel - TeleTrade

TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.

👍 Advantages of trading with TeleTrade for traders from Israel:

detailed analytical section;

informative educational section.

👎 Disadvantages of TeleTrade for traders from Israel:

no PAMM accounts or other money management options;

a small range of trading instruments;

few withdrawal options;

support is available 24/5;

withdrawals delayed;

technical support responds slowly;

sometimes it takes a long time to verify data.

TeleTrade Commissions & Fees for traders from Israel

TeleTrade charges trading fees. The fees are charged as the spread. In the fees review for traders from Israel, you can learn about their rates depending on the account type.

TeleTrade Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Standard ECN

$17

No

Professional NDD

$9

No

Sharp ECN CENT

$2

No

Cryptocurrency account

$3

VISIT BROKER
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3
Best Forex broker for beginners in Israel - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders from Israel:

High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

An opportunity to combine active trading with social trading and passive investing.

Zero-fee trading of a number of stocks.

Access to ready-made diversified asset portfolios with various risk levels.

Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders from Israel:

High minimum deposit for users of a number of countries.

No live chat on the website for quick connection to customer support.

eToro Commissions & Fees for traders from Israel

eToro charges trading fees. The fees are charged as the spread. In the fees review for traders from Israel, you can learn about their rates depending on the account type.

eToro Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Standard

$5

Yes

Pro

from $1.1

$5 eToro’s fee + the fees of payment systems

VISIT BROKER
Your capital is at risk.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

4
Best Forex broker for beginners in Israel - SimpleFX

The SimpleFX broker was registered in the state of Saint Vincent and the Grenadines in 2014 and provides services to traders globally. A distinctive feature of this company is that the broker provides its clients with the opportunity to open accounts and withdraw funds in cryptocurrency. The SimpleFX broker is registered as an international financial company (IBC), but its activities are not subject to the financial regulator. At the moment, there are no awards in the SimpleFX asset.

👍 Advantages of trading with SimpleFX for traders from Israel:

the ability to open an account in cryptocurrency;

the minimum deposit amount is $1;

its trading platform is the Metatrader 4.

👎 Disadvantages of SimpleFX for traders from Israel:

the inability to withdraw funds to a bank card;

no multilingual technical support;

the broker doesn't have a financial regulator;

the broker provides only one account type.

SimpleFX Commissions & Fees for traders from Israel

SimpleFX charges trading fees. The fees are charged as the spread. In the fees review for traders from Israel, you can learn about their rates depending on the account type.

SimpleFX Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Standard

from $9

1% when withdrawing money to the FasaPay e-wallet; 3% when withdrawing money to Neteller or Skrill

VISIT BROKER
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5
Best Forex broker for beginners in Israel - Libertex

Libertex is an online broker that provides access to trading CFDs on stocks, commodities, cryptocurrencies, and more. The company has been in the market for over 10 years. One of the advantages and distinctive features of the broker is its proprietary web trading platform with non-standard functionality designed for novice traders. It features a user-friendly interface, high information content, and advanced technical functionality.

👍 Advantages of trading with Libertex for traders from Israel:

fast registration process;

usability of the platform. It has a user-friendly interface for trading online on a PC or laptop as well as other devices;

more than 300+ CFDs on stocks, precious metals, oil and gas, indices, cryptocurrencies - almost all popular trading underlying assets in one platform;

tight spreads;

investment account providing for investing in real stocks without commission fees.

👎 Disadvantages of Libertex for traders from Israel:

Libertex accounts have fees subject to the underlying asset. For example, a 0.0005% fee is charged on Forex CFD.

No proprietary technological solutions for passive investing.

Libertex is available only in the web version and mobile app which doesn’t allow adding custom indicators and advisors. Algorithmic trading is not available.

Libertex Commissions & Fees for traders from Israel

Libertex charges trading fees. The fees are charged as the spread. In the fees review for traders from Israel, you can learn about their rates depending on the account type.

Libertex Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Libertex Real

From 0.1%

Yes (PayPal or Skrill – No)

МТ4, МТ5 Market

From 0.1%

Yes (PayPal or Skrill – No)

МТ5 Instant

From 0.1%

Yes (PayPal or Skrill – No)

VISIT BROKER
Your capital is at risk.
74.91% of retail investor accounts lose money when trading CFDs with this provider.

Fees and Commissions

When choosing a broker, it is very important to evaluated the structure of its fees. The fees are the main source of income for brokerage companies.

The brokers usually charge two finds of fees: spread and lot fee.

Spread is more popular than the lot fee. However, the type of fee depends on the trading account. Make sure you review the conditions.

The lowest spreads are always found on ECN accounts. Availability of such account types is an important advantage for any broker.

The type of fees can depend on your trading strategy, but a detailed calculation needs to be performed anyway.

The fees charged by brokers often vary depending on the trading account type and also the instruments a trader works with. The higher the popularity and liquidity of certain instruments, the narrower the spreads or the lower the fees per lot.

Summary

Choosing the right broker is not a simple task for new traders in Israel, as they have to take into account many nuances. Each of those could considerably impact your trading successes or your profit. Trading instruments that the broker offers traders from Israel, trading conditions and the quality of educational materials need to be evaluated. Availability of a demo account or a cent account you can use to practice is an important advantage. Keep in mind that before opening a position, you need to assess its risk level.

Top Forex brokers for beginners in 2024 for traders from Israel

FBS TeleTrade eToro SimpleFX Libertex

Overall score

8.28

7.19

9.4

5.46

7.47

Execution of orders

9.5

3.21

9.1

3.43

6.1

Investment instruments

6.96

6.7

9.7

3.05

7.24

Withdrawal speed

9.57

7.79

9.5

7.43

9.71

Customer Support work

7.58

8.41

9.3

5.9

9.24

Variety of instruments

7.02

8.75

9

8.02

6.37

Trading platform

9.03

8.29

9.8

4.92

6.16

FAQ

What amount does a novice trader need in order to start trading?

It depends on the account type. For a cent account, USD 50 is enough. For trading on a real account, it is better to deposit at least $300-500.

How do I choose a reliable broker Israel?

According to the requirements of country Israel, a broker must disclose all information, including the name, registration data, legal address, etc. License for financial activity is the key document.

Should I accept the bonuses for beginners?

Bonuses for beginners can make trading more profitable, but before accepting a bonus, make sure you read the conditions for receiving bonuses by traders from Israel.

Can a beginner earn passive income in the Forex market while he is learning?

Yes. For example, you can use PAMM accounts or copy trading platforms. Make sure that these kinds of investment opportunities are available for traders from Israel.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.