For Belgium traders, swap fees on AUD/NZD positions held overnight can eat into profits, especially with long-term strategies. The swap rate depends on the interest rate differential between Australia and New Zealand, which fluctuates with central bank policies. Islamic accounts, also known as swap-free accounts, are available as an alternative for Belgian traders who wish to avoid these financing charges. Several top brokers offer Islamic accounts:
Exness provides swap-free options on all instruments,
IC Markets offers Islamic accounts with no swap on AUD/NZD,
XM Group includes swap-free status for eligible clients,
Fusion Markets has an Islamic account option,
OctaFX supports Islamic accounts,
Vantage offers swap-free trading,
eToro does not typically offer swap-free CFDs,
FBS provides Islamic accounts,
FXTM offers swap-free accounts, and
GO Markets includes Islamic account options. These accounts allow positions to remain open indefinitely without daily interest, making them ideal for swing traders in Brussels. However, some brokers may charge a small administrative fee after a holding period. Always verify the terms with your chosen broker before opening an Islamic account.