Islamic accounts, also known as swap-free accounts, are available for Fiji traders who wish to trade AUD/USD without earning or paying overnight interest, in compliance with Sharia law. Many brokers on the list offer these accounts:
Pepperstone provides Islamic accounts on request,
AvaTrade offers them across all platforms,
Exness has swap-free options for most pairs,
IC Markets includes Islamic accounts for MetaTrader and TradingView,
XM Group offers them without additional fees,
OctaFX provides swap-free trading,
HotForex HFM has Islamic accounts with no swap charges,
Vantage offers them on standard accounts,
eToro does not currently offer Islamic accounts, and
FBS provides swap-free options for certain account types. For a Fiji trader holding a 0.1 lot AUD/USD position overnight, standard swap fees range from -$0.50 to -$2.00 USD per night, depending on the broker and interest rate differentials. Islamic accounts eliminate these charges, making them ideal for long-term traders. Always confirm with your broker that the Islamic account is available on TradingView, as some brokers restrict platform usage. This flexibility allows Suva-based traders to align their strategies with personal beliefs while accessing low spreads.