Islamic accounts, or swap-free accounts, are available for South African traders who require Sharia-compliant trading, where no interest (swap) is charged on overnight positions. For USD/CHF, standard swap rates can be positive or negative depending on interest rate differentials; for example, holding a long position overnight might incur a small fee if the USD rate is higher than the CHF rate. Brokers offering Islamic accounts for South Africa include
Pepperstone (swap-free on all pairs),
AvaTrade (Islamic account option),
Exness (swap-free for certain regions),
IC Markets (Islamic account upon request),
XM Group (swap-free for Muslim clients),
OctaFX (swap-free on all accounts),
HotForex HFM (Islamic account available),
Vantage (swap-free option),
eToro (Islamic account for eligible clients), and
FBS (swap-free accounts). These accounts typically have no swap fees for USD/CHF, but may have administrative fees after a holding period (e.g., 10 days). South African traders in Pretoria can request an Islamic account during registration, ensuring overnight positions in USD/CHF remain interest-free.