Stock trade investments apps in Nigeria has been a game changer in the countries stock exchange trade market. In time past, it wasn’t made easy for Nigerians to partake in stock trade with foreign stock exchange market, and attempting that would be going through tedious protocol and scrutiny. In recent times, things have changed in that regards and now you can trade with U.S stock exchange market just from your comfort using either your phone or computer in Nigeria. I will be listing a good number of Nigerian stock trade investment apps.
#1:STOCK TRADE INVESTMENT APPS IN NIGERIA: BAMBOO
Bamboo is an online stock market investment company and a technology platform in Nigeria that gives access to over 3,000 stocks listed in the U.S. stock exchange market and that of Nigeria as well. All you need to start investing is a mobile phone or a computer with an internet connection from where ever you are in Nigeria. A little background, this company is regulated by U.S. Security and Exchange Commission and it was founded in early 2019. There are many other trading apps out there and I will be listing the key features of Bamboo investment app.
KEY FEATURES
-The registration is Easy with just your BVN. Government issued ID and contact details
-Minimum investment requirement is $20 USD OR it’s equivalent in naira
– Withdrawal requires 2-3 business days to have your money your bank account
-The holding period for this app is according to your terms, as long as you like.
-There are various payment and withdrawal methods for this app which includes Nigerian Bank issued Master card, VISA, verve cards. Bank transfer
-Each Bamboo account is being insured at about $500,00 by a top tier-local and US brokerage firm know as the security investor protection corporation (SIPC)
#2: STOCK TRADE INVESTMENT APPS IN NIGERIA: CHAKA
Chaka is an online investment platform that gives Nigerians the opportunity to invest in Chinese, U.S and Nigerian stock market. This company is owned by a company known as Chaka technologies limited and also registered to the Nigerian Corporate Affairs Commission.
KEY FEATURES
-You are required to have BVN. Government issued ID and proof of address(utility bill) for an account registration
-Same as the Bamboo investment each CHAKA account is being insured at about $500,00 by this top tier-local and US brokerage firm know as the security investor protection corporation (SIPC)
-Minimum investment requirement is $10 USD OR N1,000 naira
– Withdrawal request for available account fund takes up to 12hrs from the point of request and 2-3 business days to have your money in your bank account after selling a stock.
-Same as the Bamboo investment, there are various payment and withdrawal methods for this app which includes Nigerian Bank issued Master card, VISA, verve cards. Bank transfer.
-The holding period for this app is according to your terms, as long as you like.
Also, read: 5 PROFITABLE BUSINESS IN NIGERIA TO START IN 2021
#3: STOCK TRADE INVESTMENT APPS IN NIGERIA: MERITRADE
Meritrade is part of the Meristerm stockbroker limited, a company that has been in the investment business for 16 years now. This company is a member of the Nigerian Stock Exchange and is licensed by the securities and exchange commission in Nigeria.
KEY FEATURES
-You are required to have BVN. Government issued ID (Driver’s license, National I.D, Permanent Voter’s Card or International passport) and proof of address (Current Utility Bill: Electricity, Telephone, Waste Management Bill, Water Bill) no later than 3 months for an account registration. In addition to that, a passport photograph and your signature specimen is required.
-Minimum investment requirement is N10,000 naira
-Same as the Bamboo investment, there are various payment and withdrawal methods for this app which includes Nigerian Bank issued Master card, VISA, verve cards. Bank transfer
#4:STOCK TRADE INVESTMENT APPS IN NIGERIA: AFRINVESTOR
This is an investment portal of Afrinvest Securities Limited.
KEY FEATURES
-Minimum investment requirement is N20,000 naira
-The requirements for registration are BVN, government issued ID and contact details
#5: STOCK TRADE INVESTMENT APPS IN NIGERIA: WEALTH.NG
Wealth.ng is affiliated to Sankore Securities Limited and it is registered with the Nigerian Stock Exchange , which is being regulated by the Securities and Exchange Commission, Nigeria. Flutter wave is the mode of payment on this investment platform. They have long termed investments like stocks and real estate, short term investments for 30 days.
#6: STOCK TRADE INVESTMENT APPS IN NIGERIA: TROVE
Trove platform allows you to trade in Nigeria, US and Chinese stock market. You are required to have BVN. Government issued ID (Driver’s license, National I.D, Permanent Voter’s Card or International passport) and proof of address (Current Utility Bill: Electricity, Telephone, Waste Management Bill, Water Bill). The minimum investment amount for this platform is N1,000 naira.
CONCLUSION
Stock exchange investment has been made easier than ever for Nigerians with all the investment apps out there. Having the choice of choosing from so many investment companies out there, it is important to consider the key features of each company and do a thorough background check to enable you make the right and best choice.
