Islamic accounts are available as an option for Hong Kong traders at
moomoo,
Webull, and
Saxo Bank, allowing swap-free NASDAQ CFD trading in compliance with Sharia law. For standard accounts, swap/financing fees on NASDAQ CFDs are charged daily at 21:00 UTC+0, based on US dollar interest rates and broker markups. In Hong Kong, long positions incur a negative swap of around -0.5% to -1% annually, while shorts may receive a small credit if rates are favorable.
Saxo Bank offers competitive swap rates for NASDAQ, while
moomoo and
Webull provide transparent fee schedules. Islamic accounts waive these charges entirely, making them ideal for Hong Kong traders holding positions beyond the daily cutoff. However, swap-free accounts may have longer holding periods before fees apply, so check broker terms. Hong Kong’s diverse population benefits from this option, especially during Ramadan. Traders should compare swap rates across moomoo, Webull, and Saxo Bank to minimize costs on swing trades.