Islamic accounts, also known as swap-free accounts, are available for Thailand traders who require compliance with Sharia law, which prohibits earning or paying interest (riba). For NZD/JPY, swap fees can accumulate quickly—typically -0.5 to -2 pips per night for long positions, depending on interest rate differentials. Many brokers listed here offer Islamic accounts:
Pepperstone provides swap-free accounts for all clients upon request (no expiry for Islamic countries),
AvaTrade offers dedicated Islamic accounts with no swap charges,
Exness has swap-free options for verified Muslim clients,
IC Markets offers Islamic accounts with no commission on certain instruments,
XM Group provides swap-free status for 30 days (renewable),
OctaFX offers unlimited swap-free accounts,
HotForex HFM has Islamic accounts with zero swap on all pairs,
Vantage provides swap-free accounts for eligible regions,
eToro offers Islamic accounts with no overnight fees on CFDs, and
FBS provides swap-free accounts for all clients. For Thailand traders, choosing an Islamic account means you can hold NZD/JPY positions overnight without financing costs, which is beneficial for swing trading strategies. Always confirm with the broker that Islamic accounts are available for NZD/JPY specifically and check if there are any hidden fees or longer withdrawal times.