Is it permissible to use trading platforms like trading 212 or plus500 to buy and sell stocks and crypto-currencies?

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

There are a few points to consider in your query:
1) Plus500 and Trading212 are both leading providers of various modes of trading including CFD, shares/stocks, cryptocurrencies, or forex.

Accordingly, the following details may be noted:

1) If one is dealing with Contracts for Difference (CFDs) through the platform, the early stages of the following Fatwa will be beneficial Insha’Allah:

2) In the case where one is dealing with shares/stocks and not CFD, one may refer to the following Fatwa:

3) In the case where one is dealing with cryptocurrencies, one may refer to the following Fatwa for clarity:

4) In the case where one is dealing with Forex, one may refer to the following Fatwa for clarity:

Overall, the ruling of using such trading platforms will be based on the type of trading performed. If the trading is lawful, using such a platform will be lawful and if the trading is unlawful, using such a platform will be unlawful.

And Allah Ta’āla Knows Best.
(Mufti) Mubasshir Talha – May Allah pardon him

Approved by:
Mufti Tahir Wadee

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