Regulator profile · IL
ISA — Israel Securities Authority
Tracked byBrokerlist Editorial · Independent review teamUpdated
The Israel Securities Authority (ISA) is Israel's independent statutory regulator for securities and capital markets. ISA supervises the Tel Aviv Stock Exchange (TASE), licensed brokerages, asset managers, and retail FX/CFD providers under the Securities Law (1968), Section 30 covering FX/CFD authorisation.
Brokers in Israel accepting residents under ISA- Jurisdiction
- State of Israel.
- Founded
- 1968
- Mandate
- Established under the Securities Law of 1968 as an independent statutory body. ISA enforces conduct, disclosure, and capital rules across the Israeli capital-markets ecosystem; its retail FX/CFD framework introduced strict licensing requirements after 2017 when Israel banned binary options for both domestic and outbound activity (the "Israeli binary-options law").
- Consumer protection
- No statutory FX-specific compensation scheme. The Tel Aviv Stock Exchange Clearing House handles settlement-related guarantees. Negative balance protection is mandatory under ISA conduct rules. Investor protection emphasis is on enforcement and AML supervision rather than ex-post compensation.
- Retail leverage caps
- ISA imposes 1:25 retail leverage on major currency pairs — among the strictest globally, alongside JFSA Japan. Substantial minimum capital requirements for licensed firms, ongoing reporting obligations and aggressive enforcement against unauthorised marketing characterise the ISA regime.
- Public register
- ISA publishes lists of authorised firms and individuals searchable by licence type. The ISA also maintains a public Investor Alert list naming unauthorised platforms targeting Israeli residents — a high-priority enforcement focus area for the regulator. Open register ↗
- Dispute resolution
- Disputes between investors and licensed firms typically go through Israeli courts. The ISA can issue administrative penalties and binding orders against licensed firms; criminal referrals to the State Attorney are possible for serious violations.
- Editor notes
- Israel was historically the home of much of the global retail FX/binary-options industry — eToro originated there, AvaTrade has Israeli roots, and several major brokerages had Tel Aviv operations. After the 2017 binary-options ban and stricter ISA enforcement, much of the industry shifted to other jurisdictions. ISA-licensed brokers are now smaller in number but operate under tier-1-equivalent conduct standards.
Brokers we track with a ISA licence
No brokersNo tracked broker currently holds a ISA licence in our database.