Forex Trading Platforms and Brokers in
Israel is a country situated in Western Asia and is considered as the most advanced country in Western Asia and the Middle East when it comes to economic and industrial development. Imports to Israel include raw materials, military equipment, investment goods, rough diamonds, fuels, grain, and consumer goods. Leading exports from the country includes machinery and equipment, software, cut diamonds, agricultural products, chemicals, textiles and apparel. The Bank of Israel holds approximately $113 billion of foreign-exchange reserves, which in turn makes currency exchange an integral part of the way business in the country is conducted.
Israeli Forex Traders can make their choice of Broker from Multiple Globally Regulated Firms who not only accept Local Investors but offer Islamic or Swap Free Options.
AvaTrade is an online broker founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.
- Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
- Headquarters:The British Virgin Islands
- Foundation year:2006
- Used: by over 200,000 traders
- Islamic Accounts: Based on Sharia Law
Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information. Customer support is available by email, phone, or live chat.
BDSwiss is a Forex and CFD broker which offers over 250 instruments to trade on covering Forex, Commodities, Cryptocurrencies, Indices and Equities, from 3 account types on the MetaTrader 4 and MetaTrader 5 platform. BDSwiss is well regulated by CySEC and offers traders 3 types of accounts – Basic, Raw, and Black VIP. These accounts come with a minimum deposit of $100 accept the Raw account which has a monthly subscription fee of between $1 and $79.
BDSwiss offers both full demo and Islamic accounts are available and traders can fund their account through wire transfer deposits as well as through credit card and deposits which are fee free in most cases.
BDSwiss offers multilingual customer support 24/5 via Live Chat, Telephone, Email, Call Back, WhatsApp, Telegram and an FAQ section.
HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS. HYCM Ltd is regulated under CIMA, reference number 1442313. The company’s European operations, HYCM (Europe) is regulated by CySEC (licence number 259/14) and is authorised to operate as a Cypriot Investment Firm (CIF) to provide investment services.
Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice.
a wide variety of instruments and currency pairs are available for trade:
- Over 100 instruments
- Over 40 currency pairs
HYCM Trading benefits:
- Allows scalping
- Allows hedging
- Low min deposit
HYCM Trading Accounts on offer include Demo, Micro, Mini, Standard and Islamic and the minimum and maximum trade requirements will vary depending on the trader and the instrument. HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.
Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA). Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free, and –
Boasts three top forex trading platforms:
- MetaTrader 4: Most Popular for Forex Trading
- MetaTrader 5: Most Popular CFDs Trading Platform
- cTrader: Best Automated Trading Platform
All three FX trading platforms come with a free demo account which will allow Nigerian traders to test out the forex broker and platform for 30 days.
Platform enhancements available for Pepperstone include:
- MetaTrader 4 smart trader tools
- cTrader Automate
- Autochartist and
- API trading
A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
Tickmill is a Forex and CFD broker with licences from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). Tickmill offers trading on 80+ markets covering Forex, Indices, Commodities and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android and iOS.
Three main trading accounts called the Pro Account, Classic Account and VIP Account is on offer, each which offers different minimum balances, maximum leverage, spreads and commissions respectively. Demo trading and Islamic swap-free accounts are also made available.
Multilingual client service is available via Telephone, Email, Online Contact Form and Live Chat.
FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. FXTM also offers swap free and Islamic certified accounts. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.
FXTM offers traders the opportunity to trade in the following markets:
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin etc) Please take Note: FXTM offers crypto trading via Exinity Limited and Instruments on offer are based on a traders country of residence.
- CFDs for Indices and Commodities (FTSE, DAX, Nasdaq etc)
- Spot metals (Gold, Silver)
- Shares CFDs (Apple, BP, Google etc)
FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.
Customer Service is available phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.
Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO. The Saxo Group is regulated in 15 jurisdictions including authorisation from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA) and many more.
Deposits can be made via credit and debit cards, bank transfer and stock transfer. Saxo Bank does enable its clients to identify and trade Islamic compliant stocks and ETFs on more than 25 exchanges worldwide. Customer support is available in nearly 30 different languages via phone, email and an FAQ section.
Leverage: 1:30 to 1:888 *Depends on the entity of the group
Regulation: CySEC, ASIC, IFSC
Min. Deposit: US$5
HQ: Cyprus, Australia, Belize
Platforms: MT4, MT5, XM WebTrader
Founded in: 2009
XM operates with clients from over 196 countries and offers support in 30 languages. The main branch located in Cyprus is regulated by CySEC. 1.5 Million Traders and investors choose XM and their wide range of XM trading products on offer. Five main account types are on offer – Micro, Standard, XM Ultra Low Account, Shares Accounts and Islamic Accounts which follow Shariah Law. Traders can select the base currency of their preference from a large selection on offer. This range includes South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.
Customer Support is available via live chat, email and phone.
BlackBull Markets is a forex & CFD brokerage which is fully regulated by the New Zealand’s Financial Service Providers Register (FSPR). Trading instruments on offer include more than 20 foreign currency pairs, six major stock indices, and the popular commodities gold, silver, as well as WTI & Brent oil which can all be traded across either the classic MetaTrader 4 (MT4) or the newer MetaTrader 5 (MT5) platforms. BlackBull Markets have created a swap free account that operates in full compliance with Sharia Law and are offered as a variant of the Standard, Prime and Institutional Accounts, with all the great features of the regular account types.
Customer support is available via phone or live chat, both of which are open 24 hours on all trading days.
Sunni Islam is the dominant religion in Jordan with Muslims making up about 95% of the country’s population; in turn, making a it a necessity for Forex Brokers to offer Jordanian traders either Islamic or Swap Free options. With this being said, here is an overview of 9 More of the Best Globally Regulated Forex Brokers who accept local investors.
OctaFX is an online broker which was founded in 2011, offering Forex trading. 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.
OctaFX Trading benefits:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
OctaFX Trading Accounts Offered:
- Demo account
- Micro account
- Mini account
- Standard account
- Zero spread account
- STP account
- Islamic account
OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading. Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.
What is an Islamic Account?
Islamic banking/finance or sharia-compliant finance is banking or financing activity which complies with sharia law and it’s practical application through the development of Islamic economics. As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates.
Here is an overview of 3 More Globally Regulated Forex Brokers who offer Islamic or Swap- Free Options.
Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC.
Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.
Alpari offers traders more than 250 tradable assets to trade across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures on the MetaTrader suite of trading platforms.
In addition to a demo account, 4 more accounts are on offer. These 4 accounts are divided into standard accounts and enhanced accounts, which are known as ECN types. The standard account options are available as a basic option and are known as the MT4 MicroAccount and the standard MT4 account. Islamic Accounts are also made available. The accounts more suited to experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution.
Customer Service is available via live chat, email and phone service.
eToro is a leading social trading platform for trading major financial markets including stocks, forex and cryptocurrencies. eToro is regulated by FCA, CySEC and ASIC.
eToro only offers one account type with over 1,083 different instruments to trade, including over 47 currency pairs. Islamic accounts in accordance with Sharia law is also made available. The minimum deposit for said account differs by country. eToro offers traders a proprietary trading platform which allows both individual and social trading.
eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.
Swissquote Bank offers traders the ability to trade in Forex, CFDs and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities and Bonds. Traders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5. Swissquote Bank Ltd holds a banking licence issued by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association.
Swissquote Bank offers traders four different trading accounts to choose from including Standard, Premium, Prime and Professional, as well as access to a free demo trading account. Traders can also submit a request for a Swap-Free Account. Users can deposit funds via bank wire transfer or via Visa or Mastercard. Customer support is offered in ten different languages via Live Chat, Telephone, Email and an Online Contact Form.
To select a forex broker, traders should start by looking at Forex Brokers which are highly regulated. Traders should read full length forex reviews in order to assess the trading costs, tools, research capabilities, customer service, and other features of each forex broker.