Islamic accounts are available as an option for Hong Kong traders at brokers like
moomoo,
Webull, and
Saxo Bank, catering to those who require Sharia-compliant trading. These accounts eliminate swap or financing fees on overnight positions for XAU/USD, which is crucial for holding gold futures beyond the daily rollover. Standard swap fees for XAU/USD on MT5 range from $5 to $15 per lot per night, depending on broker and interest rates. For Hong Kong traders using 1:500 leverage, swap costs can eat into profits during long-term holds. Islamic accounts typically have no swap charges, but brokers may adjust spreads to compensate. The lowest margin brokers for gold futures, such as
moomoo, offer Islamic accounts with competitive spreads, but always confirm terms with
FCA/
ASIC regulation.
Saxo Bank provides swap-free options for gold CFDs, while
Webull extends this to futures with no additional margin requirements. Local traders in the capital should compare swap rates across brokers to minimize costs, especially for positions held during the 13:00-16:30 UTC+0 window.