Trading from Tanzania: what is different
Gold is Tanzania's largest export, mined around Lake Victoria and Geita. The international gold price that local buyers follow is XAU/USD, which is on the platform with silver and copper.
Tanzania keeps East Africa Time (UTC+3) all year. London opens at 11:00 in winter and 10:00 from April to October.
Accounts are held in US dollars and funded in USDT, so the shilling exchange rate only matters when you buy or sell USDT.
Forex market hours in Tanzania
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 Tanzania.
| Session | Local time, Nov–Mar | Local time, Apr–Oct |
|---|---|---|
| Tokyo session | 03:00–12:00 | 03:00–12:00 |
| London session | 11:00–20:00 | 10:00–19:00 |
| New York session | 16:00–01:00 | 15:00–00:00 |
| London–New York overlap | 16:00–20:00 | 15:00–19:00 |
| Weekly open | Monday 01:00 | Monday 00:00 |
| Weekly close | Saturday 01:00 | Saturday 00:00 |
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 Tanzania
- XAU/USD (gold) — Tanzania's largest export.
- EUR/USD and GBP/USD — from 11:00 Dar es Salaam time in winter.
- Copper (XCUUSD) — an industrial metal, also mined in the region.
- Dow Jones (US30) — from 17:30 Dar es Salaam 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 Tanzanian shilling 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 Markets and Securities Authority (CMSA). Our registration in St. Vincent and the Grenadines is in progress. We do not provide investment advice or a local office in Tanzania.
Before opening an account, make sure the law in Tanzania 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 the Tanzanian shilling?
No TZS pairs are offered. Accounts are in US dollars, funded in USDT.
What is the minimum to start?
A Standard Cent account opens from $10 with the balance shown in US cents, so small trades are possible while you learn.
What is the minimum deposit from Tanzania?
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.