Islamic accounts are available for Hong Kong traders at
moomoo,
Webull, and
Saxo Bank, offering swap-free trading on EUR/AUD in compliance with Sharia law. These accounts waive overnight financing fees, making them ideal for long-term position holders in the capital. For standard accounts, swap fees on EUR/AUD average -0.5 to -1.5 pips per night, depending on the broker and interest rate differential.
Moomoo charges a competitive swap of -0.8 pips for long positions, while
Saxo Bank adjusts fees daily based on ECB and RBA rates. Hong Kong traders should compare swap rates across brokers, as prolonged holds can erode profits. Islamic accounts from
Webull require no additional documentation beyond a declaration of faith. Always verify that the broker offers Islamic accounts on MT5 specifically, as some restrict them to certain platforms.