Islamic accounts, or swap-free accounts, are available for Mongolia traders who wish to avoid overnight financing fees on FTSE 100 CFDs, aligning with Sharia principles. Brokers offering these include
Pepperstone,
AvaTrade,
Exness,
IC Markets,
XM Group,
Fusion Markets,
OctaFX,
HotForex HFM,
Vantage, and
FBS. For standard accounts, swap fees on FTSE 100 CFDs are calculated daily at 0.02-0.05% of the position value, depending on the broker. For example, a 1-lot long position at 7,500 points incurs a $3.75 USD swap per night, which Islamic accounts waive entirely. In Mongolia, where USDT TRC20 deposits are common, swap-free accounts from
Exness or
FBS allow indefinite holding without interest, ideal for position traders targeting the FTSE 100's long-term trends. However, some brokers limit swap-free periods (e.g., 30 days), so check terms.
Pepperstone and
IC Markets offer Islamic accounts with no extra fees, while
OctaFX provides them for all instruments. For Mongolian traders, this option reduces costs during the 13:00-16:30 UTC+0 window when holding positions overnight.