Best Forex Trading Platforms In Palestine 2025
Forex trading has proven popular in Palestine, with investors looking to speculate on Israeli shekels (ILS), Jordanian dinars (JOD), and US dollars (USD), among other currencies.
However, despite Palestine’s financial markets being overseen by the Palestine Monetary Authority (PMA) and Capital Market Authority (PCMA), they don’t have a strong framework to regulate forex brokers. As a result, many Palestinians turn to forex trading platforms registered elsewhere.
Explore our list of the best forex brokers in Palestine, chosen for their reliability, platform offering, value for money, and selection of currency pairs.
Top 6 Forex Trading Platforms In Palestine
Following years testing hundreds of brokers, these 6 platforms stand out as the best for forex traders in Palestine:
Here is a short overview of each broker's pros and cons
- XM - XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.8 pips on the EUR/USD in the commission-free account.
- Vantage - Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN account, lower than many alternatives. There are also no commissions, deposit fees or hidden charges.
- IC Markets - IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
- AvaTrade - AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'.
- FOREX.com - FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.
- Pepperstone - Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.
Best Forex Trading Platforms In Palestine 2025 Comparison
| Broker | Forex Assets | EUR/USD Spread | Forex App Rating | Minimum Deposit | Regulator | Islamic Account |
|---|---|---|---|---|---|---|
| XM | 55+ | 0.8 | / 5 | $5 | ASIC, CySEC, DFSA, IFSC | ✔ |
| Vantage | 55+ | 0.0 | / 5 | $50 | FCA, ASIC, FSCA, VFSC | ✔ |
| IC Markets | 75 | 0.02 | / 5 | $200 | ASIC, CySEC, FSA, CMA | ✔ |
| AvaTrade | 50+ | 0.9 | / 5 | $100 | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM | ✔ |
| FOREX.com | 80+ | 1.2 | / 5 | $100 | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA | ✔ |
| Pepperstone | 100+ | 0.1 | / 5 | $0 | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | ✔ |
XM
"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."
Christian Harris, Reviewer
XM Quick Facts
| Bonus Offer | $30 No Deposit Bonus When You Register A Real Account |
|---|---|
| GBPUSD Spread | 0.8 |
| EURUSD Spread | 0.8 |
| EURGBP Spread | 1.5 |
| Total Assets | 55+ |
| Leverage | 1:1000 |
| Platforms | MT4, MT5, TradingCentral |
| Account Currencies | USD, EUR, GBP, JPY |
Pros
- XM’s Zero account is ideal for day trading with spreads from 0.0 pips, 99.35% of orders executed in <1 second, and no requotes or rejections.
- XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
Cons
- While the XM app stands out for its usability and exclusive copy trading products, the selection of technical analysis tools needs to be improved to meet the needs of advanced traders.
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
- XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
Vantage
"Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly."
Jemma Grist, Reviewer
Vantage Quick Facts
| Bonus Offer | 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme |
|---|---|
| GBPUSD Spread | 0.5 |
| EURUSD Spread | 0.0 |
| EURGBP Spread | 0.5 |
| Total Assets | 55+ |
| Leverage | 1:500 |
| Platforms | ProTrader, MT4, MT5, TradingView, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN |
Pros
- There’s an excellent suite of day trading software, including the award-winning platforms MT4 and MT5
- Vantage caters to hands-off investors with beginner-friendly social trading via ZuluTrade & Myfxbook
- Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
Cons
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
IC Markets
"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
IC Markets Quick Facts
| GBPUSD Spread | 0.23 |
|---|---|
| EURUSD Spread | 0.02 |
| EURGBP Spread | 0.27 |
| Total Assets | 75 |
| Leverage | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| Platforms | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
Cons
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
AvaTrade
"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."
AvaTrade Quick Facts
| Bonus Offer | 20% Welcome Bonus up to $10,000 |
|---|---|
| GBPUSD Spread | 1.5 |
| EURUSD Spread | 0.9 |
| EURGBP Spread | 1.5 |
| Total Assets | 50+ |
| Leverage | 1:30 (Retail) 1:400 (Pro) |
| Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
| Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- AvaTrade continues to enhance its suite of products, recently through AvaFutures, providing an alternative vehicle to speculate on over 35 markets with low day trading margins.
- Years on, AvaTrade remains one of the few brokers offering a bespoke risk management tool, AvaProtect, that insures losses up to $1M for a fee and is easy to activate on the platform.
- Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.
Cons
- Although the deposit process itself is smooth, AvaTrade still doesn’t facilitate crypto payments, a feature increasingly offered by brokers like TopFX, which caters to crypto-focused traders.
- AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
- The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
FOREX.com Quick Facts
| Bonus Offer | 20% Welcome Bonus Up To $5000 |
|---|---|
| GBPUSD Spread | 1.3 |
| EURUSD Spread | 1.2 |
| EURGBP Spread | 1.4 |
| Total Assets | 80+ |
| Leverage | 1:400 |
| Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
Cons
- Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
Pepperstone
"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."
Pepperstone Quick Facts
| GBPUSD Spread | 0.4 |
|---|---|
| EURUSD Spread | 0.1 |
| EURGBP Spread | 0.4 |
| Total Assets | 100+ |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Pepperstone has greatly improved the deposit and withdrawal experience in recent years, adding Apple Pay and Google Pay in 2025, as well as PIX and SPEI for clients in Brazil and Mexico in 2024.
- Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
- Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
Cons
- Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
- Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
- Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
How We Rate Forex Trading Platforms In Palestine
There are several criteria we look at when evaluating forex brokers and recommend you do too:
Trust
Choose a trustworthy platform to protect your funds from increasingly sophisticated forex scams. The Economy Ministry in Gaza even declared a ban on forex trading without its permission due to the massive scale of losses to scammers.
Our recommendation is to open an account with an established, well-regulated forex broker – this is the best sign a firm can be trusted.
Unfortunately, Palestine’s regulatory organizations haven’t yet put a strong framework in place to regulate forex brokers, so consider platforms authorized by ‘green-tier’ regulators, such as Australia’s ASIC and the UK’s FCA. That said, it’s advised to check regulations and tax obligations in Palestine.
- IC Markets continues to earn our trust – it’s licensed by two ‘green-tier’ regulators (ASIC and CySEC) and has attracted over 180,000 traders since it launched in 2007, including some of our experts who have used the forex platform for real-money trading with no withdrawal problems.
Forex Markets
Select a forex broker that offers short-term trading on the currency pairs you’re interested in.
Although the Palestinian Territories do not have a sovereign currency, Jordanian dinars (JOD), Israeli shekels (ILS) and US dollars (USD) are widely used and this should give Palestinian traders a broad range of pairs to choose from, particularly with USD.
- FOREX.com continues to impress with its extensive range of 80+ major, minor and exotics including some of the most relevant for Palestinian traders, such as USD/ILS. It also offers an Islamic account, providing a halal trading environment, catering to the vast majority of Palestinians.
Pricing
Look for a forex broker with competitive pricing since fees from frequent short-term trades can add up.
We assess spreads on popular currency pairs as part of our exhaustive testing process, factoring in minimum and average spreads where possible, creating an accurate picture of costs.
Importantly, currency pairs with a Palestinian currency component, such as USD/ILS, may have higher spreads due to comparatively low trading volumes, coming in around 60 pips during testing compared to the approximate 1 pip on the EUR/USD.
We also consider non-trading fees like conversion charges if depositing Israeli shekels to a forex account denominated in another currency, and weigh the full pricing schedule against services offered.
- Pepperstone continues to offer some of the best pricing for serious forex traders, with average spreads of just 0.12 pips on EUR/USD, an active trader program with rebates of 25%+, plus ultra-fast execution speeds of 30ms, helping day traders secure optimal prices in volatile foreign exchange markets.
Forex Platforms
Choose a responsive platform that suits your trading style and provides the tools you need, typically a strong charting package if you’re forex day trading.
Experienced traders often gravitate toward MetaTrader 4, MetaTrader 5 and cTrader for their pro-level charting, indicators and auto-trading capabilities. However, we’re seeing an increasing number of proprietary platforms and forex apps match these features while delivering a more user-friendly trading experience for beginners.
I particularly rate TradingView. The modern platform offers powerful charts and a huge suite of integrated tools to inform forex trading decisions.
For Palestinian traders, this includes comprehensive economic data from the US, Israel and Jordan that will impact USD, ILS and JOD prices as well as news feeds to keep abreast of regional developments.
- We love Vantage for its forex trading tools, comprising MT4, MT5 and TradingView plus the proprietary ProTrader, providing everything that traders at all experience levels need to analyze the foreign exchange market.
Account Funding
You should look for a forex broker that accepts a base currency that’s convenient for you and has a good selection of affordable payment methods which work in Palestine.
Digital payment methods are increasingly popular, with the Palestine Monetary Authority estimating that around 410,000 people in the Palestinian Territories used e-wallets in 2022 with the value of transactions rising by 23% that year.
Although many of the most popular international digital payment methods are unavailable in Palestine, Google Wallet is both supported and accepted by some leading forex brokers, and Palestinians are also increasingly making use of local e-wallets like PalPay.
- XM’s range of convenient payment methods, including Google Wallet, and accessible minimum deposit of $5, make it a top choice for convenient account funding in Palestine.
FAQ
Is Forex Trading Legal In Palestine?
Forex trading is popular in Palestine, however the different Palestinian territories have various political authorities and the legal status can sometimes be unclear. For example, the authorities in Gaza banned forex trading for those without express permission in 2022 due to the number of forex scams reported.
We recommend checking with the government in your area whether forex trading is permitted and what the specific rules are before you start trading.
Who Regulates Forex Trading In Palestine?
There are organizations in the Palestinian Territories that broadly oversee financial markets, notably the Palestine Monetary Authority (PMA) and Capital Market Authority (PCMA).
However, there is no specific body that regulates retail forex trading in the way established bodies like the Financial Conduct Authority (FCA) in the UK or the Australian Securities & Investments Commission (ASIC) in Australia.
How Much Money Do I Need To Start Trading Forex In Palestine?
The exact amount you’ll need depends on the minimum deposit of the Palestinian forex broker you sign up with.
However, we’ve found after testing hundreds of forex brokers that it’s unusual for a broker to need more than $250 for a first deposit, with some firms having considerably lower minimums, and Pepperstone having no minimum.
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