Trading from Rwanda: what is different
Kigali has been building itself into a regional financial centre, with the Kigali International Financial Centre launched in 2020. Some large international brokers do not open accounts for Rwandan residents; AlphaFX Pro is open to traders from Rwanda.
Rwanda is on Central Africa Time (UTC+2) all year. The London open is at 10:00 in winter and 09:00 from April to October, and New York opens at 16:30 in winter.
Accounts are held in US dollars and funded in USDT on BEP20 or TRC20.
Forex market hours in Rwanda
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 Rwanda.
| Session | Local time, Nov–Mar | Local time, Apr–Oct |
|---|---|---|
| Tokyo session | 02:00–11:00 | 02:00–11:00 |
| London session | 10:00–19:00 | 09:00–18:00 |
| New York session | 15:00–00:00 | 14:00–23:00 |
| London–New York overlap | 15:00–19:00 | 14:00–18:00 |
| Weekly open | Monday 00:00 | Sunday 23:00 |
| Weekly close | Saturday 00:00 | Friday 23:00 |
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 Rwanda
- XAU/USD (gold) — the most traded metal, priced in dollars.
- EUR/USD and GBP/USD — from 10:00 Kigali time in winter.
- Germany 40 (DE30) — European stocks during your working day.
- Dow Jones (US30) and Nasdaq 100 (USTEC) — from 16:30 Kigali 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 Rwandan 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 Capital Market Authority (CMA Rwanda). Our registration in St. Vincent and the Grenadines is in progress. We do not provide investment advice or a local office in Rwanda.
Before opening an account, make sure the law in Rwanda 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 open an account from Rwanda?
Yes, AlphaFX Pro is open to traders from Rwanda. Check that local law allows you to trade CFDs with a broker outside the country before you deposit.
Which currency is my account in?
US dollars. Deposits and withdrawals are made in USDT.
What is the minimum deposit from Rwanda?
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.