Forex.com vs FP Markets 2026: The Best Broker for Israeli Traders

Trading costs are critical for Israeli traders who often trade in higher volumes. FP Markets' Raw account offers spreads from 0.0 pips with a small commission, whereas Forex.com's standard spreads start around 1.0 pip for EUR/USD with no commission. Over 100 trades per month, FP Markets can save traders hundreds of shekels in spreads alone. For forex pairs involving the ILS (e.g., USD/ILS), FP Markets provides tighter pricing due to its deep liquidity pool. Forex.com’s wider spreads make it less attractive for scalping and day trading, especially when funded via Bank Transfer where every basis point of cost matters.

Both brokers offer MetaTrader 4 and 5, but FP Markets adds cTrader – a favorite among Israeli algorithmic traders for its advanced charting and low-latency execution. Forex.com provides its proprietary web platform and TradingView integration, which some Israeli traders appreciate. However, for those using automated strategies or scalping, FP Markets’ cTrader gives a clear edge with Level II pricing and faster order placement. Both platforms support Hebrew interfaces and are optimized for Israeli internet connections, but FP Markets’ multi-platform choice better suits experienced traders.

Execution quality is paramount for experienced traders in Israel. FP Markets boasts an average execution speed of under 40 milliseconds on its cTrader platform, with no requotes and low slippage during major news events. Forex.com’s execution averages 60-80 milliseconds and can see occasional slippage on volatile pairs. For scalpers and algorithmic traders, FP Markets’ direct market access via cTrader provides deeper liquidity and tighter fills, making it the clear choice for Israeli traders who prioritize speed and precision.

Neither Forex.com nor FP Markets is licensed by the Israel Securities Authority (ISA), which only regulates local brokerage branches. Instead, Forex.com is regulated by the FCA and CFTC, while FP Markets holds ASIC and CySEC licenses. For Israeli traders, this means their funds are protected by tier-1 regulators, offering a level of safety similar to ISA oversight. FP Markets additionally provides negative balance protection and client fund segregation. While Forex.com has a longer history, FP Markets’ regulatory structure is equally robust and more accommodating to retail traders abroad.

Depositing and withdrawing in ILS is straightforward with both brokers. Israeli traders can use Bank Transfer (local banks like Bank Hapoalim, Leumi) and Credit Card (Visa, Mastercard). Forex.com processes deposits in 1-2 business days via wire transfer and instantly for credit cards, with no fees. FP Markets is faster: bank transfers often reflect within 24 hours and credit card deposits are instant. Withdrawals are also efficient – FP Markets typically processes within 24 hours, while Forex.com may take 2-5 days. For large sums, Bank Transfer is preferred, and FP Markets supports direct ILS transfers without conversion fees, a notable advantage for Israeli traders.

Muslim traders in Israel can open swap-free Islamic accounts with both brokers. FP Markets offers Islamic accounts on all account types (Standard, Raw, cTrader) with no overnight interest charges and no restrictions on trading styles. Forex.com’s Islamic account is available upon request but may exclude certain instruments and require a minimum deposit. FP Markets’ policy is more transparent and flexible, making it the better option for Israeli Muslim traders who need full Sharia compliance. Both brokers require verification of religion before activating the swap-free status.

Customer support for Israeli traders is available 24/5 from both brokers. FP Markets offers Hebrew-language live chat and email support, while Forex.com provides English-only support with limited hours. FP Markets’ support team is known for fast responses (under 2 minutes live chat) and knowledgeable handling of local issues like Bank Transfer delays. Forex.com’s support is reliable but less tailored to Israeli clients. For quick resolution of trading issues, FP Markets wins this round.