Nigeria is a country that has been hit hard by the recession. The stock market in Nigeria, which is open to both foreign and local investors, has also seen its share of ups and downs over the past few years.
If you are looking for an alternative investment opportunity outside of Nigerian stocks or real estate, then stock trading apps can be a good option! In this article, we have compiled a list of 10 best stock trading apps in Nigeria.
There are few things more stressful than investing in the stock market. However, it doesn’t have to be that way. Investing should be a fun and exciting experience! The right app can make all the difference.
There is no one-size-fits-all for stock trading apps; some people prefer to trade on their laptops while others enjoy trading with their smartphone or tablet.
Nigeria is a country with growing mobile penetration. There are now over 148 million mobile phone subscribers in Nigeria. Mobile penetration is projected to grow, with the number of Nigerian smartphone users expected to increase by 64% between 2016 and 2019.
That means there are more Nigerians than ever before that can trade from their mobile device!
The best part about these stock trading apps is that it is accessible to anyone with an internet connection and smartphone such as Apple phones and Android Phone.
4 Apps to Trade US Stocks in Nigeria
We’ve found the best stock trading apps in Nigeria for you to invest on the go! We hope these reviews will help you make your decision easier when selecting one app to invest on mobile.
Bamboo investment company champions a stock trading mobile app with over 3,000 stocks available from both the Nigerian stock exchange and US-based exchanges. With this revolutionary app at your fingertips, you’re ready to take on anything!
A smart investment decision for your future. Say goodbye to past investments that won’t make you money anymore and hello to the new rising trend, investing in global companies on Bamboo!
Experience fast trading with no delays or withdrawal fees – this is an online stock market platform where everything about investing is made simple, so if you’re a beginner, It’s never been easier than now to invest in stock trading.
With low commission rates and a diversified portfolio, it’s easy for everyone to get in on the trading game with Bamboo. With unique features such as “1-click Cash,” you will be investing in global companies like never before!
If you would like to be an investor in the global stock market? bamboo offers brokerage service fee at 1.5% and allows a minimum opening balance of $20 for stocks.
Interesting Bamboo features:
- Get peace of mind knowing that your stocks are insured by the SIPC & FINRA
- Be able to trade and invest freely without worry
- Enjoy excellent customer service with a user-friendly interface that is easy to use
- It’s easy to use so you can trade with confidence knowing that your money is safe
- Excellent customer service for any questions you have on the platform.
- All of your trades are insured up to $500,000, meaning No more worrying about losing your money on risky and unrewarding investments
- Feel secure knowing your investments are looking out for you
- 1.5% commission is less than most trading platforms charge
Trove is a stock trading mobile app that can help you with your financial goals. They offer low commission rates and an easy-to-use interface to get the whole market at your fingertips – plus, they have tools for both beginners and experts alike!
Trove is the next best thing when it comes to online investing. A fantastic Nigerian stock trading app that allows you to invest in local and global companies. You can use their App or website to trade on the go with ease!
It comes with a sleek design that makes it simple for anyone to use.
You can get started on Trove with as little as ₦1,000 or $10. And you’ll enjoy 24/7 support from their team of experts. The brokerage fees to buy and sell local stocks is currently set at 1.35% and for global stocks at only 1%.
Chaka Stock app is the ultimate stock trading app for Nigerian investors. It’s a top stock trading platform with fast and efficient execution of trades, an active chat room where you can discuss stocks with other traders in real-time, customer service available to answer any questions 24/hours a day – and best of all they offer free registration!
On Chaka, you can trade on the local stock as well as global stock. The brokerage fee to buy and sell Nigerian stocks is currently set at a flat rate of 0.5% , excluding other charges like taxes for example; while the global stock trading has an average commission of 1% from Chaka depending on your account status.
The trade execution is fast and efficient and you can own investment with top global brands you love, such as Apple, Facebook and Tesla.
There are so many great companies out there, but one company that stands tall among them is Berkshire-Hathaway. Chaka has been investing in the stock for years and offers a daily webinar to help new investors learn about how they can follow Warren Buffett’s example on Wall Street.
Rise, the phone-based investing app that connects people living in Nigeria with dollar investments around the world. You can now invest from as little as N5000 and secure a brighter tomorrow.
Rise is on a mission to make investing in the US possible for people living in Nigeria. They offer dollar-denominated investments from just $10 that can have huge returns and help secure your long-term future–plus, you won’t even need an American bank account!
Investing doesn’t always seem worth it when there’s no chance of ever seeing any return.
But with Rise, anyone who lives outside the United States has access to excellent investment opportunities right at their fingertips through this simple app available only on Android and iOS. And best yet? Y
You don’t need an American bank account either because all transactions are done using the Rise Global asset manager platform.
People who are just starting out with investing can find Risevest’s 3 asset types – Fixed Asset, Real Estate Asset and Stock Assets- to be a valuable tool for getting their feet wet in the world of finance.
With RiseVest you get:
- Experts provide guidance on your investing journey
- Connects you to a pre-built portfolio of investments with no stress
- Provides investment advice 24/7
- The software will help users make smarter investing decisions
- Enjoy the community aspect to have access to others for advice, a great community experience awaits you with their Telegram group
- Always know when there is an update that you need to be aware of
How Much Do you need to Invest?
It’s always hard to budget for this question. But it is possible to invest with as little as N50,000 if you want to start out small and work your way up. Over time, the stock market has shown that one can make a lot of money from investing in stocks even with just 50k!
If you’re looking for a platform that offers steady growth and low volatility, Bamboo is your choice. If you want the best of both worlds with an ability to invest in stocks or other assets as well as opportunistically entering short positions on those assets, Rise might be just what you need.