Trading from Côte d'Ivoire: what is different
The West African CFA franc is pegged to the euro at 655.957 francs per euro, so EUR/USD is in effect the CFA franc against the dollar.
Côte d'Ivoire stays on UTC+0 all year: London opens at 08:00 in winter and 07:00 from April to October, and New York at 14:30 in winter.
Abidjan is home to the BRVM, the regional stock exchange shared by eight West African countries.
Forex market hours in Côte d'Ivoire
The forex market is open 24 hours a day from Monday to Friday, passing from Asia to Europe to North America. These are the main sessions converted to local time in Côte d'Ivoire.
| Session | Local time, Nov–Mar | Local time, Apr–Oct |
|---|---|---|
| Tokyo session | 00:00–09:00 | 00:00–09:00 |
| London session | 08:00–17:00 | 07:00–16:00 |
| New York session | 13:00–22:00 | 12:00–21:00 |
| London–New York overlap | 13:00–17:00 | 12:00–16:00 |
| Weekly open | Sunday 22:00 | Sunday 21:00 |
| Weekly close | Friday 22:00 | Friday 21:00 |
The busiest hours for the major pairs and gold are usually the London–New York overlap. Spreads tend to be widest around the daily rollover and in the first hour after the weekly open.
Markets to watch from Côte d'Ivoire
- EUR/USD — mirrors the CFA franc against the dollar.
- XAU/USD (gold) — Côte d'Ivoire also produces gold.
- France 40 (FR40) and Germany 40 (DE30) — European stocks during your day.
- Dow Jones (US30) — from 14:30 Abidjan time in winter.
Accounts and funding
| Account | Minimum deposit | EUR/USD spread | Commission |
|---|---|---|---|
| Standard Cent | $10 (balance in USC) | From 1.4 pips | None |
| Standard | $100 | From 1.0 pips | None |
| Pro | $1,000 | From 0.6 pips | None |
| Raw ECN | $5,000 | From 0.0 pips | $7 per lot |
Accounts are held in US dollars and funded in USDT on BNB Smart Chain (BEP20) or Tron (TRC20). There is no West African CFA franc conversion inside your account; any conversion happens wherever you buy or sell USDT. Identity verification is completed once, before your first withdrawal.
Regulation and your responsibility
AlphaFX Pro is an international broker and is not licensed by the Autorité des Marchés Financiers de l'UMOA (AMF-UMOA). Our registration in St. Vincent and the Grenadines is in progress. We do not provide investment advice or a local office in Côte d'Ivoire.
Before opening an account, make sure the law in Côte d'Ivoire allows you to trade CFDs with a broker based outside the country, and check any rules on moving money abroad. If you are not sure, ask us before you deposit.
Frequently asked questions
Why does EUR/USD matter for the CFA franc?
The CFA franc is fixed at 655.957 per euro, so its value against the dollar moves exactly with EUR/USD.
Which currency is my account in?
US dollars, funded in USDT on BEP20 or TRC20.
What is the minimum deposit from Côte d'Ivoire?
The Standard Cent account opens from $10, funded in USDT, with the balance held in US cents ($10 = 1,000 USC). Standard opens from $100, Pro from $1,000 and Raw ECN from $5,000.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is general information, not investment advice. Read the Risk Disclosure.