There are plenty of brokers offering swap-free or Islamic accounts, but what about regulated brokers in Australia？Where to find ASIC brokers that offer swap-free services？

Among the various account types that brokers offer for traders, the swap-free account has a unique advantage because it was originally offered to support Muslim traders, but has since attracted many other traders to reduce their swap rates.。But what is a swap-free account?？

Which broker to choose if you are keen to trade with an Australian broker？

1. IC Markets: Islamic accounts with low spreads for Australian traders。
   Pepperstone: Swap-free accounts offer an average of as low as 1.2 point difference。
   AvaTrade: simple application, traders only need to send the relevant documents to verify the account。
   ThinkMarkets: Traders can open Islamic accounts directly from their official website。
   Vantage: Islamic accounts offer standard STP and no overnight interest RAW ECN accounts。

1. IC Markets

IC Markets is an Australian broker regulated by ASIC with license number 335692。The company offers Islamic accounts to Muslim traders in Australia, allowing traders to trade with more than 90 tools.。IC Markets also allows customers to enjoy as low as 0.A spread of 0 points with no additional swap fees。Regardless of the platform (MT4, MT5 or cTrader), the original spread account and the standard account can use this swap-free account。

The broker is known for providing trading solutions for active day traders, scalping traders and new traders, so it offers 0.Original spread from 0。To ensure that customers do not experience slippage, IC Markets uses low-latency fiber and Equinix NY4 servers and low-latency collocated VPS to execute orders within 40 milliseconds。

Although IC Markets offers all the complicated features, it is very friendly for beginners。If you are a new trader who has just started trading, this broker will offer you a demo account where you can learn how to trade without actually losing money。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. Pepperstone

As one of the best brokers offering swap-free accounts, Pepperstone ensures its traders can take advantage of its cutting-edge trading techniques and deep liquidity。Their swap-free account features include average spreads as low as 1.2 points, the minimum transaction size is 0.01 lots, with a maximum trade size of 100 lots, and the special thing is that they offer a commission of $0 for all traders。Pepperstone also allows scalping, hedging and EA using this account。

The ASIC-regulated broker operating license number 414530 is known for its social trading where you can follow and follow the trades of popular traders using a third-party service while learning how to improve your own trading。Pepperstone has partnered with social trading platforms such as Myfxbook, MetaTrader Signals, and DupliTrade, and has also ensured that 99.9% fill rate provides the fastest trade execution without desk intervention。

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Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。

Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。

They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。

Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:

Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions

With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。

As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。

Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。

When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。

Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。

Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。

Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。

As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。

If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。

Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。

3. AvaTrade

Another ASIC broker offering swap-free accounts is AvaTrade, license number 406684。The broker's Islamic trading account allows you to enter the contract for difference (CFD) market 24 hours a day and trade using a variety of instruments such as Forex, Commodities, Bonds, ETFs and more。

Creating an Islamic account in AvaTrade is relatively easy, you just need to send the relevant files to verify the account。Once funds are deposited for the account, you can apply for an Islamic account。However, keep in mind that AvaTrade Islamic accounts do not allow you to trade with cryptocurrencies。

AvaTrade supports mobile traders with AvaTradeGo, allowing you to monitor the market anytime, anywhere。The app lets you create your own watch list and view real-time prices and charts of over 1,000 financial instruments。

This award-winning app gives you a smooth trading experience with sophisticated consoles, complete management tools, clear charts and other unique features。The broker also allows credit card deposits。

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Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。

Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。

In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。

In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。

Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。

Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。

On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。

In the event of extreme market volatility, will traders suddenly lose more than their deposits?？AvaTrade explicitly answers no because traders have negative balance protection。

AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。

AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。

New traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。

AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。

Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。

4. ThinkMarkets

ThinkMarkets created an Islamic account for its Muslim traders to comply with Sharia law。You can request the opening of this account from the official website, other account types include standard accounts and ThinkZero accounts, which can enjoy a 0-point spread in Forex trading.。

ThinkMarkets is fully regulated by ASIC with license number 424700。You can use two trading platforms in this broker: the MetaTrader series (MT4 and MT5) and their ThinkTrader platform。

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As a multi-asset online broker, ThinkMarkets offers a wide range of trading assets from Forex to Precious Metals, Commodities, Indices, Stocks and Cryptocurrencies。The Australian-based broker was founded in 2010 and has since opened more headquarters in London and regional offices in Asia Pacific, the Middle East, North Africa, Europe and South America.。

As their operations have grown, ThinkMarkets have received multiple awards and recognitions in all aspects, most recently, they won the Best Value Broker Award in Asia at the 2020 Global Forex Awards.。

Standard account average forex spread for traders who open an account with ThinkMarkets from 1.From 2, while ThinkZero offers 0.Best trading experience at 1 point spread。However, traders may want to take into account that ThinkZero charges 3 per side for every 1,000,000 trades..$5 commission。

As a global online broker, ThinkMarkets operates under the supervision of multiple financial regulators。For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and licensed by the Australian Financial Services Authority and the Australian Securities and Investments Commission (ASIC), ABN: 69158361561。ThinkMarkets UK is registered with the Financial Conduct Authority (FCA) under the name TF Global Markets (UK) Limited (No.09042646)。

ThinkMarkets is always committed to improving its trading environment through a variety of advanced products.。Auto trading enthusiasts can use free VPS hosting, while enthusiastic traders who want to experience outside the MetaQuote platform can try ThinkMarkets' proprietary platform ThinkTrader。

The trading platform offers 3 different interfaces designed for web desktop, tablet and mobile display。In addition, there are more than 80 mapping tools and more than 125 technical analysis indicators and other customized tools can be accessed through the mobile screen, will undoubtedly provide a new mobile trading experience。

In terms of market updates, trading in ThinkMarkets will be accompanied by news from FX Wire Pro, which is known for its strict policy of adhering to objective news reporting and providing critical, credible information in real time.。Information areas covered by FX Wire Pro include economic commentary, technical-level reports, currencies and commodities, central bank bulletins, energy and metals, and event-driven bulletins。

For payment methods, ThinkMarkets provides gateways through bank transfers, credit cards (Visa and MasterCard), Skrill, Neteller, POLi online banking, BPay, and Bitcoin wallets。

All in all, for a company that has been in business since 2010, ThinkMarkets has been quite successful in terms of legal status and trading technology innovation.。As an additional guarantee of security for traders, the broker has committed to a $1 million insurance protection plan, which is implemented through ThinkMarkets and Lloyd's of London insurance policies, providing up to $1 million in protection for clients' funds.。

5. Vantage

Vantage is another Australian broker that offers swap-free accounts to traders who are unable to receive or pay for swaps because of their religious beliefs.。Their Islamic accounts offer standard STP and original ECN accounts with no overnight interest.。

Traders have access to over 300 tradable assets including Forex, Gold, Oil and more。Known for its original ECN accounts, this ASIC broker offers traders the most cost-effective trading solution with just 3 per standard lot per party..$00 Commission。The broker is regulated by ASIC, regulation number: 428901。

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Founded in Australia in 2009, Vantage Markets is a brand of Vantage International Group regulated by the Cayman Islands Monetary Authority (CIMA).。Before being called Vantage Markets, it was called MXT Global in 2009 and Vantage Markets Pty LTD in 2015.。The Vantage Group also operates other companies such as Vantage Global Prime (ASIC), which is regulated by the Australian Securities and Investments Commission, and the Financial Conduct Authority (FCA).。

Vantage Markets offers further protection to clients by segregating their funds and depositing them in National Australia Bank (NAB), the broker said.。NAB is one of Australia's four largest financial institutions and one of the 20 safest banks in the world.。So customers don't have to worry about putting money in Vantage Markets。

With Vantage Markets, traders will experience ultra-fast trade execution, as well as interbank ratings and raw ECN spreads.。These elements can provide clients with a true institutional trading experience, covering a variety of trading tools, and also providing services designed for beginners and professionals to trade Forex ECN and CFD trading of indices, commodities and US and Hong Kong stocks。These tools are available on MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, TradingView's CHARTS, mobile apps (for Mac, PC, iOS or Android), and social trading platforms such as FXbook and Zulutrade。

By registering at Vantage Markets, traders will have access to a range of educational materials and research tools, including the MT4 SmartTrader tool, a variety of promotional trading offers and rewards programs, and accounts with leverage up to 500: 1.。However, ASIC and FCA customers have a leverage of 30: 1 and generally do not offer concessions to Australian and UK customers due to compliance policies.。

Vantage Markets offers research from internal staff and guest writers in the form of technical and fundamental analysis on its blog, as well as an economic calendar powered by MQL5 from MetaQuotes。For customers with deposits of at least $1,000, Vantage Markets offers a set of MT4 plugins developed by FX Blue LLP called MT4 SmartTrader Tools。

As an authorized representative of Vantage Global Prime, the broker serves retail traders under the Vantage Markets brand and provides the following tools:

• 44 currency pairs, the most liquid currency in the global foreign exchange market
  The 16 most liquid indices in the world, including the S & P 500, DAX, FTSE, DJ30 and more
  16 Commodities, whether Soft Commodities or Precious Metals
  DJ30ft, DAX4ft, NAS100ft and other 5 index futures
  600 + US, UK, Hong Kong stocks from large companies such as Apple, Google, Coca-Cola and large companies listed on the Hong Kong Stock Exchange

Customers can open an account with Vantage Markets and deposit funds in 8 base currencies: US Dollar, British Pound, Canadian Dollar, Australian Dollar, Euro, Singapore Dollar, New Zealand Dollar, Hong Kong Dollar and Japanese Yen。It also provides customers with convenient deposit and withdrawal methods through local and international bank transfers, credit / debit cards and electronic payments.。

Overall, Vantage Markets is suitable for retail traders who have small deposits and prefer maximum leverage thresholds。In terms of pricing, Vantage's commission-based initial ECN account is a clear choice for cost-sensitive traders because of its low total cost compared to standard account products。

You should know about swap-free accounts.

As the name suggests, the trading account does not generate swaps or interest, so the swap-free account is ideal for Islamic accounts。No swap accounts generate income only through foreign exchange。While the account won't let you make a profit from positive overnight interest, it also eliminates the risk of negative overnight interest。In general, the advantages of using a swap-free account include:

1. Great for Muslims and also good for other traders
   Sharia law advises Muslims not to engage in businesses or contracts that include collecting and charging interest, so many brokers create swap-free accounts specifically for Muslim traders.。But in reality, Muslims aren't the only traders who can benefit from swap-free accounts.。Other traders create Islamic accounts despite their beliefs because they don't want to take on negative swaps。
   Time limit
   Although swap-free accounts are primarily designed to help traders avoid rollover interest, keep in mind that some brokers may have time limits on your floating positions。For example, some brokers only allow floating positions for up to 3 days, while others allow you to open positions for up to a week。For long-term traders, this can be a deal breaker。
   Additional costs
   Brokers offering swap-free accounts may charge commissions, and some of these brokers may assign you a fixed commission that is not affected by changes in interest rates。If this is the case, you need to ensure that this additional cost is affordable and will not affect your profitability。