Islamic accounts, also known as swap-free accounts, are available for Antigua and Barbuda traders who require compliance with Sharia law, which prohibits earning or paying interest (riba). These accounts eliminate overnight swap fees on NASDAQ CFD positions, making them ideal for long-term holds or swing trades. Brokers offering Islamic accounts include
Pepperstone,
AvaTrade,
Exness,
IC Markets,
XM Group,
OctaFX,
HotForex HFM,
Vantage,
eToro, and
FBS. However, conditions vary: some brokers like
Exness provide swap-free without additional charges, while others may apply a small admin fee after a holding period (e.g., 7 days). For NASDAQ trading, swap fees are typically calculated based on the interbank rate plus a broker markup, and can be positive or negative depending on interest rate differentials. In Antigua and Barbuda, where USD is widely used, a standard account might charge $3-$5 per lot per night on a short NASDAQ position. Islamic accounts from
FCA or
ASIC-regulated brokers ensure transparency, so always read the terms. Note that swap-free accounts often restrict high-frequency trading or arbitrage strategies. From St. John's, these accounts allow you to hold NASDAQ positions over weekends without extra cost, aligning with local trading habits. Always verify the broker's Islamic account policy before depositing via USDT TRC20.