ISA Israel grants a license to a sixth retail forex broker 

israel-securities-authority

Following a previous announcement by the Israel Securities Authority (ISA) for granting a license to five Forex Brokers, ISA informs that a another retail Forex broker received a license making the number of retail Forex brokers that will be allowed to take on Israel based trades to six.

The sixth license has been issued to TGL COLMEX CAPITAL MARKETS LTD operating the website www.colmex.co.il . The company is a sister company to the Colmex Pro Ltd, regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 123/10.

The license to Colmex will have effect as from December 7, 2016.

The previous fine brokers are:

ATrade (www.atrade.co.il) (the Israel brand of AvaTrade)
FXCM (www.fxcm.co.il)
Real Forex (http://he.real-forex.com)
First Index (www.1st-index.com)

Source: Israel Securities Authority (in Hebrew)

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