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1 USD to ILS US Dollars to Israeli New Shekels Exchange Rate

forex israel

Residents can currently view a list of licensed trading platforms on the ISA website, as well as supervised public companies. Just like other regulators, the ISA has introduced similar guidelines for professional trading accounts. Depending on the broker you have joined or you are planning to join, the steps required to open a professional account may differ. That said, in most cases, you will be asked to provide bank statements, a letter from your current or former employer, or other documents that will verify your professional status.

Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate.

Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

It offers a wide range of trading instruments including 60+ currencies, 10+ cryptos, and 1600+ CFDs. The broker allows all types of trading strategies such as scalping, news trading and using robots and EA. IC Markets also provides additional features such as MAM accounts and Zulutrade social trading, making it a great choice for those looking to diversify their trading portfolio. Hotforex is a reliable broker offering a wide range of trading instruments and facilities. Hotforex also allows scalping and news trading, as well as the use of EA and robots.

In addition, Hotforex offers MAM Account which allows customers to manage multiple accounts simultaneously. With Hotforex, you can be sure to receive quality services and trading conditions. Exness is a broker that offers a wide range of trading instruments, including 95+ currencies, 5+ cryptos, and 130+ CFDs. It allows traders to use EAs or robots and permits scalping and news trading.

  1. MetaTrader 5 is the successor to MetaTrader 4, the world’s most popular trading platform.
  2. Even after they have obtained ISA’s permission, licensed brokers must go through regular audits to prove they are eligible to maintain their status as licensed trading entities.
  3. Moreover, losses in leveraged products may exceed your initial deposit.
  4. Meanwhile, investors who enjoy trading higher volumes, do not mind the high risk, and wish to take advantage of higher leverage ratios, can apply for professional trading accounts.
  5. IC Markets is a great broker for all types of traders – from beginners to experienced traders.

Which Forex Brokers offer High Leverage in Israel?

Most brokers offer the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are user-friendly and feature-rich. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices.

Here are our 10 Best Handpicked Forex Brokers in Israel:

An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

Best Forex Brokers in Israel 2024 (Curated Picks)

It is worth mentioning that another security measure regulated Israeli brokers are asked to implement includes negative balance protection. As forex trading has the potential to be a risky activity due to leverage, traders, especially those who are inexperienced can suffer huge losses if they cannot assess the risks correctly. This is why negative balance protection is a useful security tool that all regulated Israeli brokers are required to offer to their retail clients. Trading platforms on offer include MetaTrader 4,  MetaTrader 5, and cTrader.

Choose your currency pairs

This broker list is sorted by my overall rankings of the top forex brokers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

forex israel

As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account. OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. Before making any decisions regarding Forex or any other pepperstone review financial instruments, it is essential to thoughtfully consider your investment objectives, your level of experience, and your risk tolerance.

If you’re unsure where to start, why not open an account with up to 2 brokers reviewed in this guide. This will allow you to test-drive their service and assess their platform in a live trading environment. It should be noted that leverage limits are applied only to retail trading accounts. Meanwhile, investors who enjoy trading higher volumes, do not mind the high risk, umarkets review and wish to take advantage of higher leverage ratios, can apply for professional trading accounts. Israeli brokers do offer their clients to upgrade to a professional trading status, but they are required to meet several conditions to classify as professional traders.

Please consider contacting a professional advisor if you require any financial assistance. As forex trading is a regulated activity in Israel, it is also considered a taxable source of income for Israeli traders. According to Israeli tax regulations, the income generated through forex trading falls under the category of capital gains. The rate of said tax may range anywhere between 20% and 50%, depending on the assets that have been traded and their volume. You should also know that the ISA requires brokers to keep their customers’ funds segregated.

The regulatory body is also authorized to revoke the licenses of companies that are no longer capable of offering safe and fair trading services to traders based in Israel. Traders looking for the best broker to offer forex trading to Israelians should take a look at the list we have compiled. We have reviewed a few of the top performers in the Israeli forex trading market, ensuring fair and secure trading conditions for all of their clients. Many Forex brokers in Israel offer mobile trading apps for iOS and Android devices. These apps allow traders to access their trading accounts and execute trades from anywhere, at any time. Selecting the right Forex broker is crucial to your success in Forex trading.

We particularly like its R StocksTrader platform, which allows you to invest in over 12,000 “real” stocks, in addition to CFDs across all other asset classes. If you’re a buy-and-hold investor with an interest in stocks, this platform is one you should consider. We were able to open an account and start trading in under 5 minutes, as RoboForex postpones account verification until you raise a withdrawal request.

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