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Stock trading apps in Nigeria

Read all about the best stock trading apps in Nigeria.

You must have been hearing about all the buzz of the new unsaturated way to make money online in Nigeria which is, stock trading. Today in this article, I am going to be listing the best stock trading apps that ensure high profitability.

But before we do that, the question, “what is stock trading?” and “who is a stock trader?” will first be tackled.

What is stock trading?

Stock trading periodically means purchasing and selling equities in order to try and time the market. Stock traders aim to profit from short-term market occurrences by selling stocks at a profit or buying stocks at a cheap price. Some stock traders are day traders, meaning they purchase and sell multiple times a day.

Who is a stock trader?

A stock trader, also known as an equity trader or a share trader, is someone who trades equity securities. An agent, hedger, arbitrageur, speculator, or stockbroker are all examples of stock traders. A stock exchange may be used to trade shares in large publicly traded corporations.

Investments are a great method to increase your income, but they can be daunting to those who don’t know what they’re doing. Fintech entrepreneurs are introducing investing solutions that encourage micro-investments, which is fantastic news.

All of these applications enable you to start trading stocks, and they make it simple for individuals who are just getting started with investing or who want to play a fun stock-picking game.

Now, enough of all my chit-chat, let’s dive straight into what you came here for!

Read my Trove app review

InvestBamboo

Bamboo allows you free access to over 3,000 equities listed on the Nigerian and US stock exchanges, all from the convenience of your phone. The bamboo app has a $20 minimum trading amount. The Bamboo app also has a cool function that allows you to gift stocks to someone else.

The bamboo stock trading app is on both IOS and ANDROID play store.

Chaka

This Nigerian online trading platform allows you to own companies you love from around the world, including Apple, Tesla, Amazon, Zenith Bank, and more, directly from your phone. Like Warren Buffett, you can invest in outstanding companies, earn dividends, and profit from their growth. Chaka offers daily webinars and a community to help new investors.

Chaka stock trading platform is available on the WEB as well as both IOS and ANDROID play store.

Meritrade

Meritrade, pioneered by Meristem securities, is a safe alternative for frequent traders (except for its high fees). The broker also provides an above-average trading interface and a mobile app that allows you to make orders from your phone.

The platform’s minimum trading balance requirement, however, may not be appealing to new investors with limited funds.

Meritrade stock trading platform is available on the WEB as well as both IOS and ANDROID play store.

Risevest

Rise is a worldwide asset management that you may access from your phone. They provide a straightforward option for Nigerians to invest in dollar-denominated investments in the United States and other markets, allowing them to receive returns that make investing worthwhile. Invest in dollars with as little as $10 and ensure your long-term financial future.

The Rise app allows you to start investing in US stocks for as little as $10. Risevest is ideal for those who are just getting started with investing. Fixed Assets, Real Estate Assets, and Stock Assets are the three asset classes they offer.

Trove

Trove is a digital platform that allows Nigerians to invest in global and local financial possibilities. Stocks from the United States, China, and Nigeria, as well as government bonds, US ETFs, and more, from as little as a thousand nairas.

It doesn’t matter what you invest in. Stocks, bonds, real estate, and other financial instruments are all examples of financial instruments. The purpose of investing is straightforward: to make extra money.

Investnow.ng

Investnow.ng has one of Nigeria’s most reliable internet stock trading platforms. Newbie investors can benefit from free research and weekly stock recommendations to help them make informed decisions. You can also start and finish your registration process entirely online.

Share certificate maintenance, dividend management, share transfer, and registrar-related difficulties are among the other services provided.

Read my Passfoilio app review

Afrinvestor

The trading platform of Afrinvestor features excellent customer service, and best of all, there is no minimum initial deposit. Daily reports, stock suggestions, and extensive market analysis are also sent to you. You will also receive approximate pricing for high-quality commercial papers through email.

Afrinvest Pop Account, Afrinvest Groove Account, and Afrinvest Classic Account are three types of brokerage accounts that cater to different types of investors.

ARMstocktrade

The ARMStocktrade trading platform is extremely user-friendly. It includes pricing charts and real-time data (not that other systems don’t). On completed transactions, there is a 1% brokerage fee.

A N50,000 minimum first deposit is required. Customer service is mediocre, albeit there is a live chat option for resolving concerns.

MorganCapital i-trade

When compared to other online stock trading apps in Nigeria, one of MorganCapital i-distinctive trade’s selling points is its inexpensive brokerage fees. It claims to charge 0.50 percent in brokerage costs. Despite the fact that the brokerage cost is 0.25 percent elsewhere on the website, which is badly secured and designed. Whichever one it is, it is less expensive than most other Nigerian stockbroking organizations.

It does not provide live customer service. To ask inquiries or address concerns, you must also phone or send them a message.

Read my V bank app review

Summary

Although all of the apps described above are extremely popular, Bamboo and Rise appear to be the most popular through a survey conducted by NAIRAMETRICS.

These platforms feature varied asset offerings geared to your needs, no matter what type of investor you are, and your choice will entirely be based on your risk appetite.

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Bamboo investment app review (Is Invest bamboo app legit?)

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Bamboo investment app

Read all about the Bamboo app in this bamboo investment app review.

In the past, buying stocks from foreign companies in the United states of America and China, was next to impossible, as it required an international broker, who usually charged a very high fee. To summarize, it was less than convenient.

These days, with the advent of stock investment apps, one is no longer limited by geographical location. You can now easily buy stocks from the comfort of your home, with the use of your smartphone.

Bamboo investment or invest bamboo is an investment app that gives Nigerians access to over 3,000 stocks on the US stock exchanges and Nigeria stock exchanges.

Basically, when you download the bamboo app on your mobile phone, you can buy foreign stocks from companies like Tesla, Apple, Facebook etc. and also local stocks from companies like Zenith bank, GT bank etc.

The Bamboo investment app is one of the many stock trading apps in Nigeria that allows you to buy, hold or sell US & Nigerian stocks.

In this Bamboo investment app review, I am going to be writing about Invest bamboo under the following sub-topics “Is bamboo app legit?”, “How does the bamboo app work?”, “Features of the Bamboo investment app”, “How to buy shares/stocks on the bamboo app”, “How to withdraw funds from the bamboo investment app” and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my Trove app review

What are stocks?

A stock is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation’s assets and profits equal to how much stock they own.

Investing in stocks offers you some benefits like “earning on income through diversification”, “diversification of an investment portfolio” and “becoming a stake holder in foreign and global companies”.

What is Bamboo investment app?

Bamboo investment or invest bamboo is an investment app that gives Nigerians access to over 3,000 stocks on the US stock exchanges and Nigeria stock exchanges.

Basically, when you download the bamboo app on your mobile phone, you can buy foreign stocks from companies like Tesla, Apple, Facebook etc. and also local stocks from companies like Zenith bank, GT bank etc.

The Bamboo investment app is one of the many stock trading apps in Nigeria that allows you to buy, hold or sell US & Nigerian stocks.

The Bamboo app also provides a feature that allows anyone to gift stocks to another person, you can also diversify your investments on Bamboo by buying into a bundle of stocks (called an ETF).

How does the Bamboo app work?

Bamboo investment or invest bamboo is an investment app that gives Nigerians access to over 3,000 stocks on the US stock exchanges and Nigeria stock exchanges.

The Bamboo app works like your typical stock trading app:

  1. Download the app (either the android or the iOS) and install it.
  2. Launch the app and create an account.
  3. Verify your identity by inputting your BVN number on the app
  4. Explore and discover thousands of American and Nigerian stocks.
  5. Invest, by funding your naira & dollar accounts on the app to start buying and selling shares instantly in just a few taps.
  6. Track your investments on the bamboo app.

Features of the Bamboo investment app

  1. Platforms: Android and iOS
  2. Minimum investment amount: $20
  3. Required documentation: Government issued ID card and a utility bill ready, the documents will be an image. Some basic information like a verified email address, phone number and bank account.
  4. Payment options: Master card, VISA and verve cards issued by Nigerian banks, bank transfer.
  5. Holding period: As long as you like
  6. Investment monitoring: You can easily monitor all your investment from the app.
  7. Withdrawals: A withdraw order from the app will take 1-3 business days for it to reflect in your account.
  8. Security: Uses a state of the art bank level security features that include data encryption and two factor authentication (2FA).
  9. Commission: When you trade the stock market, Bamboo will charge a 1.5% commission. All associated charges will be displayed on the review order page before being asked to confirm the transaction.

How to start buying shares on the Bamboo app

To start buying shares/stocks on the bamboo app, follow the below:

  1. Download the app (either the android or the iOS) and install it.
  2. Create an account on the Bamboo app
  3. Fund your wallet. You can fund your wallet through flutterwave, Nigeria bank transfer, wire transfer and barter. The minimum amount you can fund is $20, it takes about 1 to 2 business for the funds to be deposited in the Bamboo.
  4. Buy stocks: After funding your account, you can then select the company you want to buy stocks from, select your funding option of choice, and input the details of your order, click on review order and then tap on buy.

How to withdraw on bamboo app

Read my Passfolio review

To withdraw on the Bamboo app, follow the below instructions:

  1. Tap on the withdraw button and then select the account option
  2. Supply the details required
  3. Click on withdraw

The minimum withdrawal is $500 for foreign securities and 300 naira for a naira account. The bamboo app charges a 45 naira fee for a naira account, while a $45 fee for a USD account.

Is Bamboo app legit/reliable?

Yes, Bamboo investment app is legit. Bamboo holds all its accounts at a top tier U.S brokerage firm, a member of the securities investor protection corporation (SIPC).

Bamboo is also registered with the SEC (the security and exchange commission) of both the United states & Nigeria. Each Bamboo account is insured up to $500,000.

Bamboo app Uses a state of the art bank level security features that include data encryption and two factor authentication (2FA).

Frequently asked questions (FAQs)

Who is the owner of the Bamboo app?

The Bamboo app was founded by Yanmo Omorogbe & Richmond Bassey.

Is Bamboo app legit?

Yes, Bamboo investment app is legit. Bamboo holds all its accounts at a top tier U.S brokerage firm, a member of the securities investor protection corporation (SIPC).

Bamboo is also registered with the SEC (the security and exchange commission) of both the United states & Nigeria. Each Bamboo account is insured up to $500,000.

Conclusion

Thank you for reading my Bamboo investment app review. If you have any comment or question, you can leave it below in the comment section.

Remember to share with your friends on social media and also subscribe to this blog for more cryptocurrency updates.

Thank you once again for reading.

If you have invested in this platform, please do not hesitate to leave us a comment/review in the comment section.

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Moniepoint POS – How to get Moniepoint POS, charges, offices and more

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Moniepoint pos

Read all about Moniepoint POS.

Nowadays, POS is considered one of the most lucrative jobs in the country because it can be started with very little capital. The POS business is simple to establish because it does not require the rental of premises.

This business may be found in small stalls and under umbrellas on every corner of every street because it does not require much as long as people can see what you are doing.

Different types of POS machines can be used in the POS sector, as different banks now have their own POS devices that are linked to them. The Moniepoint POS machine is one of the best of the numerous types of POS devices.

This article will show you how to easily obtain a Moniepoint POS Machine.

You’ll also notice the transaction fees for using the Moniepoint POS system, as well as their headquarters and regional offices.

You’ll also learn where you can buy this POS machine with ease, so you won’t be stressed.

Various people have attempted to obtain this machine but have been unable to do so due to various obstacles.

This article will discuss the many methods for obtaining the machines and offices where they can be found.

Read down to the bottom of the page to learn more about the Moniepoint POS machine. Don’t skip any lines because they might contain the information you’re looking for.

Read my post on How to apply for Opay POS

How to obtain/get Moniepoint POS machine

Knowing How to Get a Moniepoint POS Machine is a simple activity that requires little effort.

Obtaining a moniepoint POS machine is as simple as contacting the moniepoint office and requesting one.

The office will walk you through the steps you’ll need to follow in order to get a moniepoint POS machine, the machine costs N25,000, which is significantly less than comparable POS machines.

You can also receive it from a nearby moniepoint office if you know of one.

How to become Moniepoint agent

To become a legitimate and qualified moniepoint POS agent, one must follow a simple method.

All you have to do is go to the official moniepoint website, moniepoint.com, and fill out the registration form for individuals interested in becoming moniepoint agents.

After you’ve completed and submitted the form, we’ll contact you 48 hours later using either your email address or phone number. It’s best to use a current email address.

Go to the moniepoint POS login to access your dashboard once you’ve been authenticated as an authorized moniepoint POS agent.

The following are the requirements you’ll need to fill out on the moniepoint POS agent form:

  • A legally recognized business license.
  • Number of your bank account
  • Your house NEPA bill
  • Any valid identification card, such as a voter’s card, a National Identity Card, or another.
  • Your bank account BVN

The BVN’s purpose is to validate your personal information so that they can get to know their consumers.

Moniepoint transaction charges

The transaction fees for Moniepoint are relatively cheap. It is the most cost-effective POS service.

Nonetheless, the fees are determined by the platform to which the transfer is made.

For any bank, the charge for a bank transfer transaction is N20. Unlike other POS services, the fee is not tied to a specific bank.

The withdrawal fee is N6.2 for amounts ranging from one to four thousand naira. If you withdraw more than that, the price will go up.

Moniepoint does not charge its agents any additional bank fees, as do other POS providers.

The moniepoint mobile application

The goal of the moniepoint POS is to make making and receiving payments as simple as possible.

Payment for goods can be made through your moniepoint account using the moniepoint mobile app’s POS terminal.

Payment of bills, betting, and cash withdrawal at the POS are all made simple with the moniepoint mobile app.

Transaction refunds are possible using the moniepoint app. You only need to file a complaint with the moniepoint teams.

This team will contact the customer’s bank to reverse the funds without them having to go to the bank.

Read my post on Access bank cardless withdrawal

How to solve moniepoint transaction limits

When you wish to deposit money into your account or make any other transaction, you might get a warning that states “the transaction exceeds the daily transaction limit.” This means you’ve hit the maximum amount you can transact on KYC level 1.

All you have to do now is raise your KYC level to that of a business and enjoy your transaction.

To upgrade your moniepoint account’s KYC (know your customer) level, go to your moniepoint dashboard, click menu, and then tap “Settings,” where you’ll find the current level you’re on.

So, go to Upgrade and select the KYC Level you want. That is all there is to it.

If you are unable to upgrade on your own, please contact the moniepoint teams for assistance.

How to contact Moniepoint support

Here in this section, I will reveal to you how to get in touch with moniepoint support just in case you run into a problem that needs to be solved without visiting their head office physical location.

+234 814 150 0017 (Whatsapp only)

support@moniepoint.com

https://web.facebook.com/moniepoint

https://twitter.com/moniepoint

https://www.instagram.com/moniepoint/

Summary

If you have any further questions about the moniepoint POS service that I did not address in this article, please use the comment box and I will do my best to respond as quickly as possible. Thank you for taking the time to read this.

Also share this article with whoever might need the information, remember, sharing is caring.

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Diabetes Information for Patients: Endocrinologist Ratings & Reviews

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People around the World, in the current scenario, are strangled by diseases of various forms and kinds. There are so many different kinds of ailments occurring to people that, at times, one gets highly stressed about it. The most common of them all, in recent times, is diabetes. It is one of the most widespread afflictions, affecting both elders as well as the youngsters. If you are lucky enough to not have encountered it, you still need to know everything about it.

Diabetes: What it really is?

Basically, a metabolic illness, Diabetes mellitus is a condition in which the sugar content of the blood rises from the normal level. The scientific explanation behind this rise in sugar level is the inability of the body to create enough insulin. With the limited composition of insulin, it doesn’t move into the cells to provide them with the required energy when needed. 

In extreme cases when this sugar level is not treated on time it can cause severe problems. These problems include damaging the nervous system of the human body. At the same time, a high level of blood sugar may also affect the functioning of the kidneys and eyes. 

Types of Diabetes:

The disease of diabetes comes in various forms and types. Each type of diabetes affects the human body in a different manner and should be treated accordingly. 

The three most common types of diabetes include:

Diabetes type 1: Insulin is basically formed in the pancreas. With this type of diabetes, the pancreas is not able to create the required amount of insulin. Being autoimmune, it is a bit difficult to treat it. 

Diabetes type 2: The development of resistance against insulin leads to this type of diabetes. It leads to accumulating sugar in the blood, leading to severe reactions.

Gestational diabetes: Happening only during the pregnancy, this particular diabetes needs to be treated soonest possible to keep the mother and baby safe.

Treating Diabetes:

Being a different disease than others, you can’t expect a regular doctor to treat it. A special doctor, known as an endocrinologist, treats this disease. For this matter, you need to find a specialist who would be able to manage your health condition in the most professional and humane manner possible.

Finding the right endocrinologist:

Finding the right endo might not be as tough as you may consider it to be. All you need to do is to follow the following steps and you will land the right one instantly:

A) Get recommendation:

In case you are unaware of the best doctors in town, it is always better to ask for recommendations around your neighborhood rather than experimenting. Don’t make a random selection while choosing an endocrinologist, rather ask the patients around you.

B) An online research:

Google knows everything! Read a few diabetes doctor review online and you would instantly know which doctor is favorite for patients in your town.

C) Make a switch:

In case you are not satisfied with your current doctor, it is always a good idea to make a switch. Do not worry about the cost, rather choose a qualified endo to treat your condition.

Conclusion:

Treating diabetes and managing it well is necessary to live a lively life. For that matter, ensuring that you are in contact with a doctor who knows his task work is mandatory. Make a good selection to have a pain-free life ahead!

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