Trading from Mongolia: what is different
Copper — chiefly from the Oyu Tolgoi mine — together with coal and gold make up most of Mongolia's exports. Copper is available as a CFD, so traders can follow the metal the economy depends on.
Most of Mongolia's exports go to China, which ties the tögrög to Chinese demand. USD/CNH (the offshore yuan) and the China A50 and Hang Seng indices are on the platform and trade during Mongolian daytime.
At UTC+8, Asian markets fill your morning and afternoon, London opens at 16:00 and the London–New York overlap runs from 21:00 to 01:00 in winter.
Forex market hours in Mongolia
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 Mongolia.
| Session | Local time, Nov–Mar | Local time, Apr–Oct |
|---|---|---|
| Tokyo session | 08:00–17:00 | 08:00–17:00 |
| London session | 16:00–01:00 | 15:00–00:00 |
| New York session | 21:00–06:00 | 20:00–05:00 |
| London–New York overlap | 21:00–01:00 | 20:00–00:00 |
| Weekly open | Monday 06:00 | Monday 05:00 |
| Weekly close | Saturday 06:00 | Saturday 05:00 |
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 Mongolia
- Copper — Mongolia's largest export.
- XAU/USD (gold).
- USD/CNH, China A50, Hang Seng — China is Mongolia's main export market.
- USD/JPY and AUD/USD — active in the Asian session.
Accounts and funding
| Account | Minimum deposit | EUR/USD spread | Commission |
|---|---|---|---|
| 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 Mongolian tögrög 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 Financial Regulatory Commission (FRC). Our registration in St. Vincent and the Grenadines is in progress. We do not provide investment advice or a local office in Mongolia.
Before opening an account, make sure the law in Mongolia 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
Can I trade copper?
Yes. Copper is available as a CFD alongside gold, silver, platinum and palladium.
When does forex open in Mongolia?
Monday at 06:00 Ulaanbaatar time from November to March, and 05:00 from April to October.
What is the minimum deposit from Mongolia?
The Standard account opens from $100, funded in USDT. Pro starts at $1,000 and Raw ECN at $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.