Plus500 Islamic Account 2026: Swap-Free Trading

Plus500 offers an Islamic (swap-free) account. Swap-free accounts remove overnight interest (swap) from positions, which is required for Sharia-compliant trading. You can test the platform on a demo account (Yes (unlimited)).

On a swap-free account, no interest is credited or charged when positions roll over. Islamic accounts are available. Some brokers apply an administration fee after positions are held beyond a set period — confirm the terms in the Plus500 account documentation.

Request the Islamic account when registering at Plus500 or from the client portal. Verification: Government-issued ID + Proof of address. The minimum deposit is $100, and platforms include Plus500 WebTrader, Plus500 Mobile.

Plus500 operates with a minimum deposit of $100 and offers leverage up to 1:30 (Retail) | 1:300 (Pro). EUR/USD spreads are quoted from 0.8 pips, with a commission structure of $0 (Spread only) on Market Maker execution. Trading platforms include Plus500 WebTrader, Plus500 Mobile. Deposit methods span Card, Bank, PayPal, Skrill, and withdrawal processing runs at 1-3 business days. The broker holds 5 Tier-1 and 0 Tier-3 licences (FCA (UK), ASIC (Australia), CySEC (Cyprus), MAS (Singapore), FMA (NZ)), with client protection of £85,000 (FSCS) / €20,000 (ICF). Operating since 2008 from Haifa, Israel. Plus500 is positioned Simple CFD trading, beginners & mobile traders. Educational resources are rated Basic, covering market analysis and platform training. Reviewers consistently note: Extremely simple and intuitive platform; FTSE 250 listed company; No commissions on any trades.

Deposit methods at Plus500: Credit/Debit Card (Visa, Mastercard) (Instant), Bank Wire Transfer (3-7 business days), PayPal (Instant), Skrill/Neteller (Instant). Withdrawal methods: Bank Wire Transfer (1-3 business days), Credit/Debit Card (1-3 business days), PayPal (1-3 business days). Supported base currencies: USD, EUR, GBP, AUD, CHF, JPY, PLN, BGN. Broker-listed deposit fee: Free. Broker-listed withdrawal fee: Free (5 per month, then fees apply). Verification: Government-issued ID + Proof of address. Time to open an account: Same day for most applications. Forex pairs available: 60+.

Plus500 is positioned Simple CFD trading, beginners & mobile traders, which matters when comparing it against other brokers for this decision. Strengths in our review: Extremely simple and intuitive platform; FTSE 250 listed company; No commissions on any trades; 2,000+ CFD instruments; Heavily multi-regulated. Watch-outs in our review: No MT4/MT5 integration; Limited research and education; Only CFDs (no real stocks). Platform support: MT4 not supported, MT5 not supported, cTrader not supported, TradingView not supported, proprietary supported. Islamic (swap-free) accounts: supported. Demo account: Yes (unlimited). Education resources are rated Basic. Regulatory footprint: FCA (UK) (Tier 1), ASIC (Australia) (Tier 1), CySEC (Cyprus) (Tier 1), MAS (Singapore) (Tier 1), FMA (NZ) (Tier 1).

Plus500 is rated 4.3/5 in our editorial reviews and holds licences across 5 regulated entities. The broker was founded in 2008. Headquarters are in Haifa, Israel. It has been licensed since 2008. Positioning: Simple CFD trading, beginners & mobile traders. Commission model: $0 (Spread only). Leverage reaches 1:30 (Retail) | 1:300 (Pro). Minimum deposit: $100.

**Strengths**: Extremely simple and intuitive platform; FTSE 250 listed company; No commissions on any trades; 2,000+ CFD instruments; Heavily multi-regulated. **Weaknesses**: No MT4/MT5 integration; Limited research and education; Only CFDs (no real stocks).