How to buy foreign stocks in Nigeria

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Are you looking to invest in foreign stocks from Nigeria .In this article we will show you some of the best apps you can use to “invest in foreign stocks from Nigeria”  With these online investment platforms, you can invest in foreign stocks from Nigeria.

Some of them let Nigerians invest in international and local financial opportunities. Like the US, Chinese & Nigerian Stocks, Government Bonds, US ETFs and even the US real estate market.

invest in foreign stocks from Nigeria

Stocks have shown to offer the most potential for growth when compared to bonds, and offer more liquidity and diversity than real estate.

In today’s global world, financial investment opportunities are not limited by geography.  Anyone with a smartphone can engage in the global economy and own financial assets in any country. Without the need to be a resident of the country.

When you invest in foreign stocks as a Nigerian. There are three main benefits you gain. These benefits include; earning an income through dividends. Diversification of an investment portfolio and becoming a stakeholder in foreign and global companies.

Invest in US & Foreign stocks from Nigeria with Online Stock Trading Apps

The best way to invest in foreign stocks from Nigeria is through a set of online investment platforms. With these platforms you can easily create a trading account, purchase stocks and monitor your portfolio. All from your smartphone.

“The best investment platforms to invest in foreign stocks in Nigeria” are

Bamboo

Bamboo investment App

About Bamboo App

*Instant Trading*

Whether you want to invest in companies you believe in and hold, or you wish to frequently liquidate your position to take advantage of the ups and downs of the market, you can begin realizing your dreams and profits.

*Secured Trading*

Bamboo protects you by ensuring all your trades and positions are insured by the SIPC and FINRA up to $500,000. You can freely buy and sell US stocks knowing that your money is safe.

*Unprecedented access*

Non-US citizens have had severely limited access and high barriers of entry to the US stock market. Bamboo is providing an incredible opportunity to invest in over 3,000 stocks, with a market capitalization of over 21 trillion USD.

*Fractional Investing*

You can start investing with as little as N15,000 in any company you desire. Our partnerships enable Bamboo users to own fractions of shares in different companies thereby giving users even more options to trade the stocks they desire.

*Earn, earn, earn!*

The US stock market is one of the most exciting and definitely the largest stock exchange market in the world. With over 3.6 billion shares traded daily, there are infinite opportunities for you to make a fortune while buying or selling from a variety of stocks.

With Bamboo or “Invest Bamboo”, any Nigerian can invest in more than 3500 stocks on the American stock exchange and Nigerian stock exchange.

Nigerians can buy, hold, or sell stocks on these exchanges right from their mobile phones or computers.

Bamboo’s goal is to give Nigerians grow their personal wealth by giving them access to invest in foreign stocks from Nigeria.

Product Features of Bamboo App

Platforms: Android, iOS

Minimum investment amount: $20.

Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: As long as you like.

Investment monitoring: You can track returns on investments purchased through the Bamboo app.

Withdrawals: A withdrawal order from the app will take between 1 to 2-3business days for your funds to settle in your account.

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Security: Bamboo uses state-of-the-art bank-level security, data encryption and two-factor authentication (2FA) protection on all accounts. All accounts are held at a top-tier local and U.S. brokerage firm; which, as a member of the Securities Investor Protection Corporation (SIPC), insures each Bamboo account up to $500,000.

Chaka

Chaka investment App

Chaka calls itself the Investment passport for Nigerians. You can invest in foreign stocks from Nigeria with the Chaka platform. It allows any Nigerian to buy and sell US, Nigerian, and Chinese stocks from any device.

You can start trading shares with Chaka from as low as $10 or N1000.

Chaka like the other online investment companies on this list aims to give Africans the opportunities to trade and invest in foreign stocks.

 

Product Features of the Chaka App

Platforms: Android, Web

Minimum investment amount: $10 or N1000.

Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: As you like.

Investment monitoring: You can track returns on investments purchased through the Chaka website or app.

Withdrawals: Withdrawal of your available cash in your account can take up to 12 hours from when your request was made. To withdraw cash from sold stocks, it takes 3 days.  It takes 2 days for the stock exchange (locally and globally) to settle cash for sold shares. It would take an extra day to process the transaction.

Security: Every Chaka account is protected by bank-grade AES encryption software. That protects communication between users devices and our servers.

The Emergence of online investment companies is simplifying investing for Nigerians. You don’t need to be wealthy, to partake in the global economy. You can invest in foreign and local stocks, Government bonds and ETFs. Through a mobile app with a little sum of money.

Although most of these online investment platforms target customers are millennials.  Anyone that is quite savvy with a smartphone can invest in foreign stocks using any of these platforms.

Trove

Trove investment App

About Troves

This app allow you to Start investing in Stocks, Bonds & more with as little as ₦1,000 or $10.

Invest in stocks, bonds & more with the insight and confidence you need to succeed, even if you’ve never bought a stock or bond before. With our mobile application, you now have access to everything you need at the tap of a button—including investing, trading, research, and more.

SIMPLE & INTUITIVE​
All tools, and information listed on the application are built to be intuitive and accessible for everyone — newcomers and experts alike.​

REAL TIME DATA ​
Live quotes and charts for 4000+ financial instruments, traded across a number of global exchanges.​ Track major stocks, bonds and commodities.

NEWS & ANALYSIS ​
Be in the know; Get access to breaking news, updates and analysis on global financial markets. With Trove you get first hand information on stocks, commodities, and everything happening with the global economy

ADVANCED TOOLS ​
It enable you Get access to all of our world-class tools, including: Technical Summary, Market Quotes, Advanced charts and more.

SECURE & TRUSTED
We are serious about security and ensure your personal information is fully encrypted and securely stored. We guard all of your personal information using 256-bit encryption protocols and other cutting-edge security technologies

PERSONALIZED PORTFOLIO ​
Add your favorite financial instruments and their holdings to your portfolio.​ Build your own customized watchlist and keep track of stock quotes, commodities, ETFs and bonds. Your personal watch list can be accessed anytime from your menu, providing you with real-time prices, and data on your favorite companies.​

Trove is an app that allows anyone to invest in foreign stocks from Nigeria. The stocks you can invest in with the Trove app are American, Chinese and Nigerian stocks. You can also invest in bonds, ETFs and more with as little as ₦1,000 using Trove.

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The company seeks to spread the idea of micro-investing. The belief that anyone can build wealth by investing small sums of money on a regular basis. Rather than investing a huge sum of money at once.

Trove gives you access to tools that can help you become a smart investor. You can also choose to transfer your investments to another brokerage from Trove. But, you will need to close your Trove account to do so.

Product Features of Trove App

Platforms: Android, iOS

Minimum investment amount: ₦1,000.

Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: As long as you like.

Investment monitoring: You can track returns on investments purchased through the Trove app.

Withdrawals: You can withdraw uninvested cash in your wallet for 3 business days or more. If you’re withdrawing more than your invested cash. You’ll need to sell some of your purchased assets. If you submit a sell order it will take between 1 to 2 business days for your funds to settle in your account. You can either choose to deposit the fund in your wallet or bank account. For foreign securities, the least amount you can withdraw a is  $50.

Security: Trove ensures your personal information is well encrypted with 256-bit encryption. And stored using cutting edge security technologies. Trove’s partner, DriveWealth LLC, a regulated member of FINRA/SIPC. Holds All the US trading accounts on Trove. It also protects securities holdings of its members. Of up to $500,000 (including $250,000 for claims for cash).  Its other partner, Sigma Securities. A firm regulated by the NSE & Securities and Exchange Commission. Holds all Nigerian trading accounts. While ARM Investment Managers, a licensed Asset manager in Lagos, Nigeria. Acts as Investment managers for the  Portfolios on Trove.

Rise vest

Rise investment App

Risevest permits any Nigerian to invest in dollar-denominated opportunities from as low as $10. Using their smartphone. These investment opportunities include 30 high-growth US stocks, fixed income (Eurobond) and US real estate.

Rise add stocks that are undervalued and have high potential to its stock index after a thorough analysis. While also monitoring the portfolio companies for growth.

Rise’s historical annual returns on US stocks is about 14%, making it one of the best mediums to invest in foreign stocks from Nigeria. However, actual returns depend on the market.

Product Features of Rise App

Platforms: Android, iOS

Minimum investment amount: N3600.

Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy. Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).

Payment Options: Mastercard, VISA and Verve cards issued by Nigerian Banks. Bank Transfer.

Holding period: You can choose to make your investment plan available on-demand and also choose longer investment durations.

Investment monitoring: You can track returns on investments purchased through the Rise app.

Withdrawals: Same day withdrawals.

Security: Rise uses PCI-DSS compliant, bank-grade security and two-factor authentication to protect all users accounts. Rise are SEC-registered investment advisers in the US and users funds are overseen by our partners who are also registered with the Nigerian Securities and Exchange Commission (SEC) so you know that your funds are safe and regulate

Conclusion 

You can’t go wrong investing Using any of the app mentioned in the article above. And you should make sure you take a calculated risk before investing on any stock.

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