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The retail forex and the CFD market, as well as the financial markets as a whole, in Israel are regulated by the Israel Securities Authority (ISA), which was created in 1968 with a mandate to ensure an efficient capital market, based on transparency and fairness.
Several years ago ISA tightened its regulatory requirements for forex and CFD brokers, raising the minimum capital requirements to 200 000 USD and limiting the maximum leverage allowed with “low risk” assets like currencies and gold to 1:100, to 1:40 for several indices, and to 1:20 for all other CFDs.
ISA is structured and functions, like the Financial Conduct Authority (FCA) in the UK and recently, following a similar step by the European Securities and Markets Authority (ESMA), banned all binary options bets on the Israeli market.
Actually back in 2016 ISA prohibited Israeli licensed brokers to offer binary options bets only Israel – thus brokers were still able to offer binary options bets to traders outside of the country.
However, after Canada and Australia warned of 11 Israeli based brokers, offering binary trading schemes, ISA took additional measures and banned binary options trade altogether. That decision was confirmed by the Israeli Supreme Court in January 2018 after a series of appeals.
ISA supports a regularly updated register of licensed entities.
Israeli forex brokers news
Israel’s state prosecutor moved against Gal Media Trade Ltd., which ran a binary options broker under the brand name iTrader between 2013
The Israeli Branch of AvaTrade was fined with 576 000 Israeli Shekels or just about 153 000 USD for failing to comply