Many traders in Israel use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Forex Trading App in Israel for 2024, based on our assessments.
Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold. In addition to comfortable conditions and low financial costs, traders get free educational materials and special services for technical analysis. Some solutions, like Capitalise.ai, have no constructive counterparts. A relative disadvantage is the absence of opportunities for passive income. Also, the broker works only with CFDs, so other groups of trading instruments are not available.
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.
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.
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.
SimpleFX is a broker with fairly limited trading terms and is focused primarily on traders who trade cryptocurrencies.
Best Forex Trading App in Israel for 2024
| Eightcap | FBS | TeleTrade | Libertex | SimpleFX | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5 |
MT4, Mobile Trading |
MT4, MT5 |
Libertex, MT5, MT4 |
MetaTrader4 |
|
Min deposit |
$100 |
$1 |
$1 |
$100 |
$1 |
|
Leverage |
From 1:30 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0.2 points |
From 0.8 points |
From 0.1 points |
From 0.9 points |
|
Level of margin call / stop out |
80% / 50% |
40% / 20% |
70% / 20% |
50% / 50% |
20% / 20% |
|
Execution of orders |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
|
No deposit bonus |
No |
$5 |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
No |
1
Best Forex Apps in Israel - Eightcap
Eightcap is a leading Forex and CFD broker, offering over 800 trading instruments, including currency pairs, cryptocurrencies, indices, stocks, and commodities. With tight spreads starting from 0 pips, leverage up to 1:500, and no withdrawal fees, Eightcap provides a competitive trading environment. The broker is regulated by top-tier authorities such as ASIC and FCA, ensuring a secure trading experience.
Comprehensive educational resources, advanced analytics, and innovative functionality such as code-free automated trading through Capitalise.ai and enhanced order execution with FlashTrader distinguish the platform from others.
Though Eightcap does not offer passive income opportunities or joint accounts, it is a popular choice for those seeking a reliable and feature-rich broker.
👍 Advantages of trading with Eightcap for traders in Israel:
•The broker is registered in the Bahamas and Seychelles, and is regulated by the Securities Commission of the Bahamas (SCB, SIA-F220), ASIC (391441), FCA (921296), CySEC (246/14). Also, it partners with many proprietary firms;
•Traders need to deposit only $100 to open a live account, and the broker imposes few trading limits on its clients;
•Hundreds of the most popular CFDs are available, and the pool is constantly expanding;
•Eightcap provides one of the most profitable trading costs with really tight spreads;
•Almost all options for depositing/withdrawing funds are available and the broker does not charge a withdrawal fee;
•The broker’s clients can work through any of the three top trading platforms, including mobile versions of the MetaTrader solutions;
•The company provides high-quality training, extensive analytics, and its own developments for automated trading.
👎 Disadvantages of Eightcap for traders in Israel:
•No joint accounts, copy trading, referral program, or other options for passive income;
•Eightcap has some regional restrictions. For example, some services are not available in Australia;
•The broker's technical support is efficient and competent, but it is not available on weekends.
2
Best Forex Apps 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 in Israel:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders in 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.
3
Best Forex Apps 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 in Israel:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders in 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.
4
Best Forex Apps 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 in 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 in 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.
5
Best Forex Apps 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 in 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 in 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.
Best Forex Trading App in Israel 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
Eightcap - Education for Investors
Investment Education Online
Some brokers try to help traders in researching trading on certain markets. This is an advantage because only successful traders constantly engage in self-learning, and not just blind trading alone. Studying materials by industry experts, reading specialized books, and attending webinars taught by experienced trainers provide useful knowledge, which is then applied in practice to create successful trading strategies. Eightcap refers to brokers that offer a comprehensive educational system and materials presented in different formats. Most of the basic information will be extremely useful for novice traders, while professional market participants can receive up-to-date analytics and unique expert materials.
In some reviews, traders note the absence of structured training and its narrow focus. Experts agree with this, but Eightcap provides a very significant amount of information for trading CFDs, which compares favorably with most of its competitors.
FBS - Education for Investors
Investment Education Online
The FBS website has an impressive training section where everyone can get the information they need to trade successfully on Forex and beyond. The broker provides a quick guide to Forex, tips for traders, and video tutorials. The company also conducts webinars. The section is divided into levels for beginners, elementary, intermediate, and advanced levels.
To practice the knowledge gained on the FBS website, the specialists of the brokerage company recommend opening a demo account. You can practice on it without risking real money. The next step is to open a cent account which will allow you to trade in the real market, but with lower risks than on a standard account.
To support traders, a separate analytical section with an economic calendar, a currency converter, and calculators have been created on the site.
TeleTrade - Education for Investors
Investment Education Online
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
Libertex - Education for Investors
Trading Education Online
Analytical and educational sections have been created on the official website, where a trader can find useful materials in video format on how to use the platform, open an account, and analyze the market.
Each of these tools can be tested on a demo (free) account.
SimpleFX - Education for Investors
Investment Education Online
As for training and other useful information for the trader, the broker's website only offers a Frequently Asked Questions section, which describes the principles of trading in the Forex market and the cryptocurrency market in general terms.
The company also provides a demo account, so you can test trading systems and educate yourself.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Israel choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Forex Trading App in Israel 2024.
| Eightcap | FBS | TeleTrade | Libertex | SimpleFX | |
|---|---|---|---|---|---|
|
Overall score |
7.69 |
8.28 |
7.19 |
7.47 |
5.46 |
|
Execution of orders |
7.9 |
9.5 |
3.21 |
6.1 |
3.43 |
|
Investment instruments |
8.5 |
6.96 |
6.7 |
7.24 |
3.05 |
|
Withdrawal speed |
7.6 |
9.57 |
7.79 |
9.71 |
7.43 |
|
Customer Support work |
7.2 |
7.58 |
8.41 |
9.24 |
5.9 |
|
Variety of instruments |
8.02 |
7.02 |
8.75 |
6.37 |
8.02 |
|
Trading platform |
6.9 |
9.03 |
8.29 |
6.16 |
4.92 |
|
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FAQ
Is it possible to register with a broker using the mobile app?
Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
How are the apps protected against unauthorized access?
As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.
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Team that worked on the article
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 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.