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).