Islamic accounts, also known as swap-free accounts, are available for Azerbaijani traders who require compliance with Sharia law, eliminating overnight interest on EUR/AUD positions. Most top brokers on this list offer Islamic accounts:
Pepperstone provides them on request,
AvaTrade includes them by default for eligible clients, and
Exness offers swap-free options on standard accounts.
IC Markets,
XM Group, and
Fusion Markets also support Islamic accounts, with
OctaFX and
HotForex HFM providing them after verification of religious status.
Vantage and
FBS round out the list, ensuring Azerbaijani traders have broad access. On standard accounts, swap fees for EUR/AUD vary: long positions may incur a charge of -0.5 to -2.0 pips per night, while short positions might earn a small credit. These fees are calculated in USD and deducted from the account daily at 22:00 server time (22:00 UTC+0). For Azerbaijani traders using 1:500 leverage, swap costs can accumulate on longer holds, making Islamic accounts a cost-effective alternative. Always confirm swap-free status with the broker’s support team before trading.