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Investing in the stock market has been a very dynamic process and offers lots of options for stock traders. Companies such as; Apple, Google, Facebook, Amazon, Microsoft, Netflix, Samsung, Twitter are some of the well-known American companies that we all have grown up using their products and services offered at one point in our life.
Below are five (5) popular apps and websites that allow you to create an online account and start investing in global stock markets from Nigeria.
1. Bamboo
Bamboo is an online stock trading and investment platform that gives Nigerians unrestricted access to over 3,000 stocks that are listed on the Nigerian stock exchange and U.S. stock exchanges. You can invest locally or globally and can preferably trade in both local and global companies by simply funding your ₦ & $ balance immediately and start buying and selling shares with a minimum amount of $20.
Bamboo was founded in 2019 by Yanmo Omorogbe and Richmond Bassey. It is partnered with DriveWealth, a U.S. based digital trading technology; Lambeth Capital, a Nigerian stockbroking firm and Flutterwave, a payment platform.
2. TroveApp
Trove is the first micro-investing platform in Nigeria that gives access to Nigerians to invest in publicly traded US, Nigerian, Chinese Stocks, Government Bonds, Cryptocurrencies, etc. You can become one of their global investors by trading with as little as ₦1000. With Trove, you can store your uninvested cash in your mobile wallet or withdraw it to your linked bank account anytime.
To get started, you can download their mobile app or through the web. Trove was established on July 10, 2018, by Austin Akagu, Desayo Ajisegiri, and Oluwatomi Solanke. It currently has close to 10 employees.
3. Chaka NG
Another digital investment platform is Chaka. It enables you to have access to your own thousands of blue-chip companies from Nigeria, USA and 40+ major countries around the globe. Then for local and global transactions, it charges an industry-low fee of N100 or 0.5% and $2 or 1% per trade respectively.
Chaka was founded on May 1, 2019, by Tosin Osibodu. It has partnered with two brokers Citi Investment Capital and U.S.-based DriveWealth to facilitate stock purchases.
4. eToro
eToro is one of the world’s leading social trading platforms, that gives access to individuals and companies to invest both in stocks and cryptocurrencies, as well as trading CFD with various underlying assets. It requires you to have a minimum deposit of $200; $50 for U.S. investors; $50 for Australian investors.
eToro was founded in 2007 by Yoni Assia, Ronen Assia, David Ring, with its headquarters at London, Tel Aviv Yafo, Limassol. It currently has employed between 501-1000 staff and its parent organization is eToro Group Limited.
5. Wealth.ng
Wealth.ng is one of the investment companies that enables an individual to invest money in treasury bills, stocks, mutual funds, and real estate through their investment app or the web. The interest rate for your stock investment is (s): 10 – 14%
Wealth.ng is a product of WealthTech Limited – a financial technology company and an affiliate of Sankore Securities Limited, and it is registered with the Nigerian Stock Exchange and regulated by the Securities and Exchange Commission (SEC), Nigeria.
