FXCM, Plus500, Atrade, Real Forex, First Index get Israeli trading arena license

FXCM, Plus500, Atrade, Real Forex, First Index get Israeli trading arena license

israel-fxcm-plus500

FXCM Israel, Plus500, Atrade, Real Forex and First Index have been granted Trading Arena Licenses by the Israel financial regulator – the Israel Securities Authority (ISA).

According to the publication on the ISA website, the licenses are active from October 31, 2016 and are currently not activated yet.

The five brokers are the first ones to officially obtain licenses from ISA since the recent introduction of the regulation requirements for forex brokerages in Israel.

Other three – Protrade, Colmex and iTrader are still awaiting the decision of ISA.  Imarkets, Etrader, Trade Marker and Prime Broker already had their applications rejected.

At the same time, eToro, FCIG Capital, Agm Markets Limited, Easy Trade, Iforex Israel and General Trade had withdrawn their applications.

FXCM (NASDAQ:FXCM) was established in 1999 in New York and in the recent times has remained the undisputed leader on the US forex market.

FXCM is a registered futures commission merchant (FCM) and a retail foreign exchange dealer (RFED) with the US CFTC. FXCM Group has units registered and regulated with the relevant authorities in the US (FXCM US), the EU (FXCM UK) and Australia (FXCM AU) and affiliates.

The broker offers forex, contracts for difference (CFDs), and spread betting services. It offers 40 currency pairs on the Trading Station and MetaTrader 4 (MT4) trading platforms.

FXCM Group is owned by FXCM Inc. (50.1%) and Leucadia National Corporation (NYSE:LUK).

Since the beginning of this week the FXCM shares are trading on NASDAQ, having moved from NYSE.

Plus500 (LON:PLUS) offers trading in forex, options, contracts for difference (CFDs), commodities, indices, and exchange-traded funds (ETFs). It operates its own online trading platform for CFDs available in over 31 languages on desktop and Android, Windows and iOS  mobile operating systems. According to Investment Trends report from July 2015,  it is the second largest CFD provider in the UK.

Plus500 is licensed by three regulators – the Cyprus Securities and Exchange Commission (CySEC), UK’s Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).

Earlier on Thursday the founders of Plus500 announced they have sold combined 13% of their shares in the company.

Atrade is the Israeli subsidiary of the global forex brokerage Ava Trade, which was set up earlier this year to meet the Israeli regulatory requirements.

First Index and Real Forex Israeli forex and CFD brokers.

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