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How To Invest In American & Global Stocks from Nigeria

How To Invest In Amarican Stocks from Nigeria

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. Alongside benefiting from the products and services that these companies offer, can we also be a part of these companies by investing in its public shares?

Let’s not forget that these are not Nigerian companies so they won’t be listed on the Nigerian Stock Exchange but on their respective country’s stock exchange. So, how to buy shares of a company that are not registered in Nigeria? Thanks to modern-day technologies, we can do so directly from our mobile phones and laptops with so much convenience.

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.

bamboo investment app

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Also Read: How To Invest In The Nigerian Stock Exchange.

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.

troveapp investment app

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.

Chaka Trading App

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.

etoro stocks trading app

Also Read: How To Make Money Blogging In Nigeria.

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.

wealth_ng investment app

Conclusion

Investing in the foreign market will help you to diversify your investment portfolio and widen your investment horizon. The online platforms listed above give you the opportunities to invest without boundaries in your favorite companies.

You can invest in the foreign stock market from Nigeria and be part of the global economy. However, always remember that Nigeria is the biggest economy in Africa right now. By investing in top-performing companies in the Nigeria Stock Exchange we contribute to a greater and more stable Nigerian economy.

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