Best forex brokers in Israel
2 of the 7 brokers we review offer forex to residents of Israel. XTB does not accept residents of Israel, so Interactive Brokers leads.
By Broksal Team, investing in forex and CFD markets since 2017. Updated . How we test
How we score
Each broker gets five sub-scores out of 5:
Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.
Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.
Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.
Top 2 forex brokers for Israel
- 1
Our top pick in Israel
Interactive Brokers
4.7The widest market access here, with low costs and top-tier regulation
XTB is not available in Israel
Spot forex and CFDs Interbank pricing from 0.1 pips with a 0.2 basis point commission (minimum $2); spot forex as well as forex CFDs.
- Minimum deposit
- No minimum
- Platforms
- Trader Workstation (TWS), IBKR Desktop, Client Portal (web) +2
- Entity for Israel
- Interactive Brokers LLC / regional affiliate — Top-tier regulators
- CFDs
- Yes
Show pros, cons and feesHide details
Interactive Brokers homepage, showing the desktop platform and mobile app and the new AI-assisted analysis integrations. What we like
- Listed on Nasdaq and regulated by top-tier authorities worldwide
- Access to stocks, options, futures and bonds on 150+ markets
- No minimum deposit and no inactivity fee
- Accepts residents of most countries
Watch out for
- Trader Workstation has a steep learning curve
- CFDs are not available to US residents
- Account opening asks for more documents than most brokers
Fees
Two pricing plans: Fixed (one all-in commission) and Tiered (lower exchange-based commission plus pass-through fees). CFD commissions are charged per trade, with financing on overnight positions. There is no inactivity fee.
Best for
Experienced investors who want access to global exchanges.
- 2
eToro
4.3CopyTrader and a social feed on a Nasdaq-listed platform
Forex CFDs About 1 pip on EUR/USD with no commission, and CopyTrader for following other traders.
- Minimum deposit
- Varies by country
- Platforms
- eToro web platform, eToro mobile app
- Entity for Israel
- eToro (Europe) Ltd or regional entity — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
eToro homepage after the 2026 brand refresh, highlighting its Nasdaq listing (ETOR) and the new mobile app. What we like
- CopyTrader lets you mirror other investors' portfolios
- Listed on Nasdaq; FCA, CySEC and ASIC regulated
- Very easy app for stocks, ETFs and crypto
Watch out for
- CFD spreads are wider than at IC Markets or XTB
- Not available in Canada, Japan, India, Turkey and most of Africa
- Withdrawal and currency conversion fees on the USD account
Fees
CFD costs are in the spread (about 1 pip on EUR/USD), plus overnight fees on leveraged positions. Withdrawals from the USD account cost $5 and currency conversion is charged on non-USD deposits; eToro removed its inactivity fee on 28 May 2026.
Best for
Investors who want to copy other traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.
Forex from Israel: the rules
Brokers usually serve Israel through offshore entities where forex leverage can be far higher than in the EU. Higher leverage magnifies losses as much as gains. Locally, financial services are supervised by the Israel Securities Authority (ISA).
Best time to trade currencies from Jerusalem
Major currency pairs are usually most liquid while London and New York are both open: 16:30–18:30 local time (UTC+3, early October 2026). The forex week runs from Monday 00:00 to Saturday 00:00 local time.
All 7 brokers we review, checked for forex in Israel
| Broker | Status | Access | Entity for Israel |
|---|---|---|---|
| XTB | Not available in Israel | — | — |
| XM | Not available in Israel | — | — |
| IC Markets | Not available in Israel | — | — |
| Interactive Brokers | #1 in this ranking | Spot forex and CFDs | Interactive Brokers LLC / regional affiliate — Top-tier regulators |
| Freedom24 | Not available in Israel | — | — |
| IQ Option | Not available in Israel | — | — |
| eToro | #2 in this ranking | Forex CFDs | eToro (Europe) Ltd or regional entity — CySEC |
Forex rankings in countries bordering Israel
| Country | Brokers offering forex | #1 |
|---|---|---|
| 🇪🇬 Egypt | 4 | XM |
| 🇯🇴 Jordan | 4 | XM |
| 🇱🇧 Lebanon | 4 | XM |
| 🇵🇸 Palestine | 3 | XM |
| 🇸🇾 Syria | 0 | — |
Frequently asked questions
What is the best forex broker in Israel?
Interactive Brokers, in our ranking. Interbank pricing from 0.1 pips with a 0.2 basis point commission (minimum $2); spot forex as well as forex CFDs. eToro completes the top 2.
Which brokers offer forex to residents of Israel?
Of the brokers we review: Interactive Brokers (spot forex and cfds) and eToro (forex cfds).
What are the rules for forex in Israel?
Brokers usually serve Israel through offshore entities where forex leverage can be far higher than in the EU. Higher leverage magnifies losses as much as gains.
When is forex most liquid in Israel?
Usually 16:30–18:30 local time, while London and New York are both open (early October 2026 times).
Which forex broker has the lowest costs?
On a one-lot EUR/USD trade, Interactive Brokers was cheapest in our fee comparison, followed by XTB and IC Markets at about $8. For small trades the $2 minimum commission at IBKR makes XTB cheaper.
Availability last checked 6 October 2026. Brokers change their country lists without notice; the broker's sign-up form is the final word.