FP Markets Vs Plus500 For Israel Traders (2026)

For Israeli traders, trading costs are a critical factor, especially for those trading high volumes. FP Markets offers spreads from 0.0 pips on its Raw account with a small commission, while its Standard account has spreads from 1.0 pips with no commission. In contrast, Plus500 uses variable spreads that typically range from 0.6 to 1.2 pips on major forex pairs like EUR/USD, with no commission structure. Over a month of active trading, an Israeli trader executing 50 lots on EUR/USD could save hundreds of ILS with FP Markets due to tighter spreads. Additionally, FP Markets provides negative balance protection, which is valuable for volatile markets. Plus500's overnight funding fees can also add up, making FP Markets the more cost-effective choice for serious traders.

FP Markets gives Israeli traders access to the industry-standard MetaTrader 4 and 5 platforms, which offer advanced charting tools, automated trading via Expert Advisors (EAs), and a wide range of technical indicators. This is ideal for experienced traders who need customization and algorithmic trading capabilities. Plus500, on the other hand, uses a proprietary web-based platform that is intuitive and fast to load, but lacks advanced features like custom indicators or EA support. For Israeli traders who prefer trading on the go, both brokers offer mobile apps, but FP Markets' MT4/5 apps are more powerful. If you rely on automated strategies or complex analysis, FP Markets is the clear winner.

FP Markets offers ultra-fast execution with no requotes, leveraging Equinix NY4 data centers for low latency. This is critical for Israeli traders who engage in scalping or news trading. Plus500 provides reliable execution but may experience slippage during volatile markets. FP Markets' deeper liquidity pool ensures tighter fills, making it the preferred choice for high-frequency traders in Israel.

Regulation is a key concern for Israeli traders, as the Israel Securities Authority (ISA) does not directly oversee either broker. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering a strong level of investor protection. Plus500 is regulated by the FCA in the UK and CySEC, providing similar safeguards. However, neither broker is licensed by the ISA, meaning Israeli traders are not protected by local compensation schemes. Both brokers offer segregated client accounts and negative balance protection. FP Markets' higher score reflects its longer track record and stricter ASIC oversight, which many Israeli traders find reassuring.

Both FP Markets and Plus500 support deposits and withdrawals in Israeli Shekels (ILS) via Bank Transfer and Credit Card, which is highly convenient for local traders. FP Markets processes bank transfers within 1-2 business days and credit card deposits instantly, with no deposit fees. Withdrawals are free and typically processed within 1-3 business days. Plus500 also accepts Bank Transfer and Credit Card deposits in ILS, but withdrawals may incur a fee if not done through the same method. FP Markets additionally supports e-wallets like Skrill and Neteller, providing more flexibility. For Israeli traders, FP Markets' faster withdrawal processing and lower fees give it an edge, especially for those who frequently move funds.

For Muslim traders in Israel seeking Sharia-compliant trading, FP Markets offers Islamic (swap-free) accounts that waive overnight interest on positions. These accounts are available on request and subject to eligibility, making FP Markets a suitable choice for observant traders. Plus500 does not offer Islamic accounts, meaning Muslim traders would incur swap fees on positions held overnight. This is a significant drawback for Plus500 in the Israeli market, where there is a notable Muslim population. FP Markets' flexibility in this area enhances its appeal to a broader range of Israeli traders.

FP Markets provides 24/7 customer support via live chat, email, and phone, with dedicated account managers for VIP clients. Support is available in English, which is widely understood in Israel. Plus500 offers 24/7 live chat and email support, but phone support is limited. Both brokers have comprehensive FAQ sections. For Israeli traders, FP Markets' more personalized support and faster response times are advantageous, especially for those needing assistance with platform setup or account issues.