6 Best Forex Brokers in the State of Palestine
Last Update: June 26th, 2024
The 6 Best Forex Brokers in the State of Palestine – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in the State of Palestine.
In this in-depth guide, you will learn:
- The Best Forex Brokers in the State of Palestine – a List
- Is Forex Trading Legal in the State of Palestine?
- Low USD Minimum Deposit Forex Brokers
- Leading MetaTrader 4 and MetaTrader 5 Forex Brokers
- The Best Forex Brokers for Beginners and Foreigners
and much, MUCH more!
6 Best Forex Brokers in the State of Palestine – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💴 Min. Deposit |
| 🥇 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🥈 Pepperstone | 👉 Click Here | ✅Yes | AU$ 200 |
| 🥉 IG | 👉 Click Here | ✅Yes | 50 USD |
| 🏅 eightCap | 👉 Click Here | ✅Yes | 100 USD |
| 🎖️ IQ Option | 👉 Click Here | ✅Yes | 10 USD |
| 🏆 Vantage | 👉 Click Here | ✅Yes | 50 USD |
6 Best Forex Brokers in the State of Palestine (2024)
- ☑️ IC Markets – Overall, the Best Forex Broker in the State of Palestine
- ☑️ Pepperstone – The Best Overall User Experience
- ☑️ IG – Best Proprietary Offerings
- ☑️ eightCap – The Best Forex Broker for Beginners
- ☑️ IQ Option – Low USD Minimum Deposit
- ☑️ Vantage – Best Online and Mobile Trading Experience
IC Markets
IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Accounts available include:
- cTrader Account – Only available on the cTrader Platform
- Raw Spread Account – Ideal for Scalpers, Day traders, and, Active traders
- Standard Account – Ideal for Beginners and Casual traders
Supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Notable Factors and FEatures include:
- 24/7 Multilingual Customer Support
- Copy and Social Trading via Multiple Platforms
- Multiple Base Currencies, including AUD, USD, and, JPY
- Over 60 Currency Pairs
- Spreads from 0.0 Pips
- Scalping and Hedging are Offered
- The Standard Account is Commission Free
Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
The Benefits of Trading with IC Markets include a Demo Account with an extremely high virtual balance.
Pepperstone
Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include:
- Standard Account – Suitable to all Traders of all Skill Levels
- Razor Account – Best Suited to Scalpers, Day Traders, and, Automatic Traders
Moreover, Islamic and Demo Trading are supported. The minimum deposit is AU$ 200. Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Notable Factors and Features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- 24/7 Customer Support
- USD and GBP Base Currencies
- Access to over 70 Currency Pairs
- TradingView Integration
Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to responsive, user-friendly, and, dedicated Customer Support.
IG
IG is a well-established and trusted broker committed to client safety. License and Regulations include FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, and, BMA. Accounts available are:
- CFD/DMA Trading Account – Available in All Regions
- Limited Risk Trading Account – Available in the EU
- Options Trading Account – Available in the EU
- Turbo24 Trading Account – Available in the EU
- Share Dealing Account – Available in Australia
- Spread Betting Account – Available in the United Kingdom
- Swap-Free Trading Account – Available in Dubai
Moreover, a Demo Account is available. Trading Platforms supported include MetaTrader 4, ProRealTime (PRT), L2 Dealer, and, FIX API. In addition, an IG Proprietary Mobile Platform is available. Notable factors and features include:
- Spreads from 0.1 Pips
- 24/7 Dedicated Customer Support
- Access to over 8- Currency Pairs
- Access to an Affiliate Program
Instruments available for trade include Forex, indices, share CFDs, commodities, cryptocurrencies, futures, options, bonds, ETFs, Digital 100s, and, interest rates.
| 🔎Broker | 🥇IG |
| 📈 Regulation and Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
The benefits of trading with IG include a strong regulatory framework, broad market access, and extensive training resources.
EightCap
EightCap is a trusted and highly regulated Forex and CFD Broker. Regulations by renowned and trusted agencies include CySEC, SCB, ASIC, and, the FCA. Account Options and Trading Platform Combinations include:
- Standard Account – MT4 and MT5
- Raw Account – MT4 and MT5
- TradingView Account – TradingView Integration
Accepted Deposit Options include Credit Cards, Debit Cards, Wire Transfers, Skrill, and, Crypto Payments. In addition, Notable Factors and Features include:
- Multiple Base Currencies, including AUD and USD
- Spreads from 0.0 Pips
- Access to over 40 Currency Pairs
- 100 USD Minimum Deposit
- No Inactivity Fee is Charged.
Trading instruments and Products include Forex, commodities, indices, shares, and, cryptocurrencies.
| 🔎 Broker | 🥇 Eightcap |
| 📉 Regulation and Licenses | CySEC, SCB, ASIC, FCA |
| 5️⃣ Ease of Use | 4/5 |
| ⏰ Support Hours | 24/5 |
| 📍 Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView |
| 📌 Account Types | Standard, Raw, TradingView |
| 💴 Base Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD |
| 📊 Spreads | From 0.0 pips |
| 📈 Leverage | 1:500 |
| 💸 Currency Pairs | 45; major, minor, and exotic pairs |
| 💳 Minimum Deposit | 100 USD |
| 🚫 Inactivity Fee | None |
| 🚀Open an Account | Open Account |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Slim product selection |
| Quick account opening | Limited research and education |
Our Insights
The benefits of trading with EightCap include Live chat, email, and phone support in several languages.
IQ Option
IQ Option is a prominent Forex and CFD brokerage platform. License and Regulations include CySEC. Account Options available include:
- Live Account – Ideal for Beginners and Casual Traders
- VIP Account – Ideal for Experienced and High-volume Traders
In addition, Islamic, Swap-Free, and Demo Trading are supported. All accounts are paired with a Proprietary Trading Platform. Notable Factors and FEatures include:
- 24/7 Customer Support
- Spreads from 2 Pips
- Leverage of up to 1:500
- Access to over 30 Currency Pairs
- A low Minimum deposit of 10 USD
Trading instruments and Products include Forex, Stocks, and, Cryptocurrencies.
| 🔎 Broker | 🥇 IQ Option |
| 📈 Regulation and Licenses | CySEC |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💹 Trading Platforms | IQ Option Platform |
| 📌 Account Types | Live, VIP |
| 📊 Spreads | 2 pips |
| 📈 Leverage | 1:500 |
| 💳 Minimum Deposit | 10 USD |
| 🚫 Inactivity Fee | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Stocks, currency, commodities, and crypto trading | Select withdrawal methods may be prohibited |
| Minimum Deposit 10 USD | Limited Regulation |
Our Insights
The benefits of trading with IQ Option include access to a user-friendly interface, extensive instructional materials, and competitive trading conditions.
Vantage
Vantage, previously known as Vantage FX and Vantage Markets, is a trusted Brokerage with a trust score of 89 out of 90. Regulations by acclaimed and trusted agencies include CIMA, VFSC, FSCA, and, ASIC. Account Options include:
- Standard STP Account – Ideal for Beginners and Casual traders
- Raw ECN Account – Ideal for Scalpers and Day traders
- Pro ECN Account – Ideal for Professional Traders
In addition, a Demo Account is available. Trading Platforms include:
- MetaTrader 4 and MetaTrader 5
- ProTrader
- Vantage Mobile App
- Vantage Copy Trading
- ZuluTrade
- DupliTrade
- MyFXBook Autotrader
Several Funding Options are available, including Credit Cards, Debit Cards, China UnionPay, Neteller, and, Skrill. Notable Factors and Features include:
- Refer a Friend Bonus
- Copy and Social Trading
- Multiple Base Currencies, including USD and AUD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Trading instruments and Products include Forex, indices, metals, soft commodities, energies, ETFs, share CFDs, bonds, and, crypto CFDs.
| 🔍 Broker | 🥇 Vantage Markets |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Vantage Markets provides narrow spreads on its ECN accounts, which could lower trading expenses | Some payment methods, notably international bank transfers, might incur withdrawal fees |
| Their technology is designed to provide fast transaction execution while minimizing slippage in turbulent markets | Some services and product offers may be restricted based on your location due to legislative limits |
| Traders can use webinars, market analysis, and other instructional resources | Share CFD trading expenses on Vantage Markets could be higher than those of certain rivals |
Our Insights
The benefits of trading with Vantage include narrow spreads on the ECN account options.
Is Forex Trading Legal in the State of Palestine?
Forex Trading in the State of Palestine is Legal and available without restriction. Moreover, Exchange Controls in Palestine are administered by the Palestinian Monetary Authority.
In Conclusion
Forex Trading in the State of Palestine has increased in popularity. Moreover, it is well-governed by the Palestinian Monetary Authority. In addition, multiple International Forex Brokers accept traders in Palestine.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker >> |
Our Insights
While reviewing the Best Forex Brokers that accept Palestinian Traders, we found 6 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Forex Trading in the State of Palestine is Legal and available without restriction.
The Palestinian Monetary Authority administers Exchange Controls in Palestine.
Palestine has no local currency. Currencies accepted are the Israeli shekels (ILS), United States dollars (USD), and Jordanian dinars (JOD).
IC Markets does charge commission fees on the cTrader and Raw Spread Accounts.
Over 70 Currency Pairs, including Major, Minor, and, Exotic Pairs.
IG charges an Inactivity fee of 12 USD after 2 Years of inactivity.
Forex, Commodities, Indices, Shares, and, Cryptocurrencies.
The IQ Option Minimum deposit is 10 USD.
Regulations include CIMA, VFSC, FSCA, and, ASIC.
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