Israeli Watchdog Orders Interactive Brokers to Stop FX Trading

[kreslik.news]

The Israeli Securities Authority (ISA) has just announced it has ordered Interactive Brokers LLC to stop offering forex trading in Israel as it does not have the needed ISA license.

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Interactive Brokers can keep offering its other services in Israel, such as stocks trading, as well as currency conversion related to its operation, just not forex.

When the Israeli regulations first came to pass, local players were concerned that traders will simply turn to offshore or international brokers as they will be able to offer more lucrative terms ... (read more)