Some years ago, it seemed difficult to invest in foreign stocks even if you knew how to. Nigeria’s stocks are not encouraging as the value of the Nigerian Naira keeps depreciating. Investment technology platforms are connecting Nigerians to the world and helping interested investors diversify their portfolios. Owning international stocks can help you hedge risks and tap into the economies beyond your own.
So, How do I buy foreign stocks from Nigeria?
There are various investment technology platforms that you can use to buy foreign stocks from Nigeria. At the end of this article, you will have to make a choice of the platform that you prefer. Let’s delve in!
Top 4 Investment Technology Platforms in Nigeria.
- Invest Bamboo: Bamboo gives unrestricted access to over 3,000 stocks listed on the Nigerian stock exchange and U.S. stock exchanges, right from your mobile phone or computer. Intuitively designed for newcomers and experts alike. Bamboo gives you a clear picture of your portfolio’s performance over time, so you can adjust your positions and learn by doing. You can download Invest Bamboo iOS app here or the Android app here. The minimum Investment amount on Invest Bamboo is $20.
- Chaka.ng: Chaka calls itself an Africa investment passport. Chaka was created to remove global investment barriers between Africa and the rest of the world, making it easier to access opportunities at home and abroad. They believe that Africans should have ample opportunities to travel, trade, and invest around the world. They also believe it should be easier for the world to trade and invest in Africa. You can download Chaka.ng mobile app here for free. The minimum investment amount on Chaka is $10 or N1000.
- Trove: Trove is an investment technology platform that allows you to invest in the USA, Nigeria, and Chinese stock exchange. Trove spread the idea of micro-investing. You can download the Trove iOS app here and the Android app here. —Minimum investment amount on Trove is ₦1000.
- Risevest: Risevest helps you invest and manage your money into a portfolio of expertly selected US stocks based on their long-term growth opportunities and quality earnings. Risevest portfolio is made up of heavyweights like Google, Alibaba, Apple, Tesla, and many more. Risevest also supports Real Estate investment. With Risevest you can track your portfolio and see how you’re doing at any time; set your financial goals; choose how and when you want to reach them, and make changes at any time. Invest according to your risk appetite -Low risk, medium risk, high risk? There’s something for everyone. You can download the Risevest iOS app here and the Android app here. The minimum investment amount is ₦3600.
You can use any of these investment technology platforms to access international stocks and diversify your portfolio. You should always ensure you do your own research before investing in any security.