Best Forex brokers for beginners in Israel in 2024

1
8.28
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2
7.19
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3
7.32
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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
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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
7.32
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Vantage Markets is a broker that is a real catch for traders who prefer ECN trading.

4
7.47
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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.

5
7.27
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NPBFX is a universal broker providing services on off-exchange financial markets. Trading conditions are suitable for traders with any level of knowledge and opportunities. Investors have access to ZuluTrade social trading.

Best forex brokers for beginners in Israel in 2024

FBS TeleTrade Vantage Markets Libertex NPBFX

Trading platform

MetaTrader 4, MetaTrader 5, FBS Trader

MT4, МТ5

Vantage Markets app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader, ProTrader

Libertex, МТ4, МТ5

МТ4

Min deposit

$1

$1

$50

$100

$10

Leverage

From 1:1
to 1:2000

From 1:1
to 1:10

From 1:1
to 1:500

From 1:1
to 1:30

From 1:1
to 1:1000

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 0.0 points

From 0.1 points

From 0.4 points

Level of margin call / stop out

40% / 20%

70% / 20%

100% / 50%

50% / 50%

0% / 30%

Execution of orders

Market Execution

Market Execution, Instant Execution

Market Execution

Market Execution, Instant Execution

Instant Execution, Market 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

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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

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3
Best Forex broker for beginners in Israel - Vantage Markets

Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.

👍 Advantages of trading with Vantage Markets for traders from Israel:

A vast array of trading instruments like 1000+ currency pairs and contracts for difference (CFDs).

The broker has licenses from four reputable regulators.

Classic trading terminals and a proprietary mobile application.

An extensive array of trading signals to choose from for traders, regardless of the type of trading account.

👎 Disadvantages of Vantage Markets for traders from Israel:

Customers from most countries are forced to cooperate with a branch that has an offshore license.

Limited training and a lack of information on Forex trading.

Snail-paced withdrawal of funds with the requirement to comply with special conditions.

Vantage Markets Commissions & Fees for traders from Israel

Vantage Markets 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.

Vantage Markets Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Standard STP

From $0

No

RAW ECN

From $3

No

Pro ECN

From $1.5

No

Swap Free

From $0

No

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4
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.

5
Best Forex broker for beginners in Israel - NPBFX

NPBFX is a long-standing broker offering competitive spreads starting from 0.4 pips and leverage up to 1:1000. Traders can access a variety of markets including Forex, oil, stocks, and indices. Account types range from beginner-friendly Master account to more advanced options like Expert and VIP accounts.
NPBFX has fast order execution speeds (50-70 ms), making it suitable for scalping and high-frequency trading. Moreover, the broker explicitly indicates that these approaches are welcomed. However, clients should note that the only available trading platform is MetaTrader 4.
NPBFX doesn't hold licenses from major regulators, but the broker is a member of the Financial Commission, offering some level of deposit insurance and dispute resolution.

👍 Advantages of trading with NPBFX for traders from Israel:

The broker provides traders with best market prices supported by liquidity from Tier 1 banks and ECN systems, such as Integral, Currenex, and Hotspot;

Membership in the Financial Commission provides up to EUR 20,000 insurance coverage on deposits of traders;

social trading with access to the independent ZuluTrade platform;

Loyal trading conditions. Minimum deposit is $10 with leverage up to 1:1000;

all strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all types of accounts.

👎 Disadvantages of NPBFX for traders from Israel:

compared to other brokers, the speed of copying trades on ZuluTrade is not the fastest;

no MT5 trading platform, which has unique advantages over MT4;

There are no licenses from regulators. The broker is a member of the Financial Commission, which does not always support traders and is not authorized to recover fines imposed on brokers;

no cent accounts.

NPBFX Commissions & Fees for traders from Israel

NPBFX 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.

NPBFX Commissions and Fees in Israel

Account type Spread (minimum value) Withdrawal commision

Master

from $8

Yes

Expert

from $6

Yes

VIP

from $4

Yes

Zero

from $8

Yes

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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 Vantage Markets Libertex NPBFX

Overall score

8.28

7.19

7.32

7.47

7.27

Execution of orders

9.5

3.21

8.2

6.1

8.55

Investment instruments

6.96

6.7

9.19

7.24

6.27

Withdrawal speed

9.57

7.79

8.2

9.71

8.29

Customer Support work

7.58

8.41

6.64

9.24

6.83

Variety of instruments

7.02

8.75

7.37

6.37

7.67

Trading platform

9.03

8.29

4.31

6.16

5.99

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.