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Review: Top stock trading apps in Nigeria

Here are the top fintech apps that you can use to buy U.S stocks as a Nigerian.



Top investment apps you can use to earn quick money

Investment is a very good way to grow your income but it can be intimidating to people who don’t have a clue what they’re doing. The good news is that fintech startups are bringing investing solutions that encourage micro-investments.

All of these apps are great for beginners, and they make it easy for those just starting to invest or someone looking to play a stock-picking game for fun.

You can do just about anything on your phone

How much money do I need to get started?

Shockingly little. Thanks to fintech startups that have made wealth management accessible to anyone with a smartphone, you can kick-start an investment portfolio with as little amount as possible.

Here are the top fintech apps that you can use to buy U.S stocks as a Nigerian.

READ: Top ten apps Nigerian professionals should have on their phones

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. The minimum trading amount on Bamboo is $20. The Bamboo app also possesses a neat feature that allows anyone to gift stocks to another person.


  • Bamboo protects you by ensuring all your trades and positions are insured by the SIPC (Securities Investor Protection Corporation) and FINRA (Financial Industry Regulatory Authority) up to $500,000.
  • You can freely buy and sell US stocks knowing that your money is safe.
  • Excellent customer service in case you encounter any challenge
  • Nice user interface
  • Bamboo charges a 1.5% commission when you buy and sell stocks on the U.S. stock markets.


  • No price alert feature to alert user to changes in certain stocks that they are watching
  • Bamboo is not available on the web yet,
  • Longer withdrawal processing time
  • Offers only dollar wallet
  • Downtime mostly during market opening

Invest bamboo is available on iOS and on Android and has over 100,000 downloads on play store

British airways

READ: Many Nigerians are trooping into foreign stock markets


Trove is a digital investment platform that lets you invest in U.S, Chinese, and Nigerian stocks, bonds, exchange-traded funds (ETFs), and other securities with as little as 1000 NGN or $10, directly from your smartphone or computer. You can buy any publicly traded equity, bond or foreign assets as a one-off investment using a debit card or bank transfer. You can Also sell your assets right from the app & have the funds deposited into your account.


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  • Trove charges a 1% commission when you buy or sell stocks above $200. Anything below $200 is a flat $2 charge
  • Good customer service
  • invest in American, Chinese and Nigerian stocks, bonds and ETFs with as little as ₦1,000.
  • Trove has offers both Naira and Dollar wallets. Naira wallets are used for investing in local Nigerian stocks while the dollar wallets are used for investing in foreign stocks
  • Trove allows trading in cryptocurrency
  • Shortest withdrawal window
  • Wonderful user interface, easy to navigate


  • App is slow during open markets
  • Account verification can take longer time

With Trove, you can learn to invest in a plethora of financial assets. The Trove app is available on the Play Store for Android uses and App Store for iOS users. Trove has 10,000+ downloads on play store


Rise is a global asset manager built into your phone. They offer a simple way of providing people living in Nigeria with dollar-denominated investments in the US and other markets to enable them to earn returns that make investing worth it. Invest in dollars from just $10 and secure your long-term future.

With as low as $10, you can start investing in United States stocks from the Rise app. Risevest is newbie-friendly for anyone who is just starting out with investing. They offer 3 asset types; Fixed Asset, Real Estate Asset and Stock Asset


  • Rise connects you with experts who provide guidance in your investing journey and help you feel more confident in your investment decisions
  • Nice user interface
  • Risevest provides a prepared portfolio to just invest in
  • Wonderful community experience with their Telegram group


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  • Longer withdrawal time
  • The feature does not give room for autonomy in constructing your own portfolio

Risevest charges a management fee for managing your assets. And it typically cost between 1.5% and 2% of the total assets under management (AUM) and returns

The Rise app is available on Android and iOS and has over 100,000 downloads on playstore


Chaka is another digital investment platform that offers first-class access to stocks listed on the Nigerian & U.S stock exchanges as well as global blue-chip companies from over 40+ countries. You can start trading foreign stocks with Chaka from as low as $10 or N1000.


  • You can invest in both Nigerian and global stocks
  • Chaka has a minimum deposit fee of ₦1000 for local stocks and $10 for Global stocks
  • Faster withdrawal time
  • Chaka charges a 1% commission when you buy or sell stocks above $200. Anything below $200 is a flat $2 charge


  • App crashes most times
  • Slow customer service and automated feedback

The Chaka app is available on Play Store for Android users has over 100,000 downloads on play store

Bottom Line

All the apps listed above are hugely popular however, Bamboo and Rise appear to be more popular among the users we surveyed.

No matter what type of investor you are, these platforms have different asset offerings that are tailored to your needs and your choice will solely depend on your risk appetite.


Janet John is a graduate of Chemical Engineering from the University of Uyo. She specializes in technical writing where she creates easy to read documentation, articles to clearly and efficiently explain highly complex processes. When she is not writing, she works as a freelance front-end developer

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Standard Bank Group appoints Yinka Sanni as new Chief Executive of Africa Regions

Yinka Sanni has been appointed as Standard Bank Group’s Chief Executive of Africa Regions.



Stanbic IBTC declares N10.4 billion interim dividend

The Standard Bank Group has announced the appointment of Yinka Sanni as the new Chief Executive of Africa Regions.

This announcement was made by the Group in a post shared via its official LinkedIn account. The bank revealed that Sanni will be replacing Sola David-Borha who is retiring after 31 years of distinguished service to the group.

His appointment will play an integral role in driving the growth of the Standard Bank Group in Africa further in the years ahead.

He is expected to build on the work of David-Borha, a renowned professional who played a key role in growing the Group’s Africa Regions portfolio in terms of capacity, market share and contribution to the group’s headline earnings.

What you should know

  • Yinka Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
  • He has served in key positions within the Stanbic Group, as the Chief Executive of Stanbic IBTC Holdings PLC, Chief Executive of Stanbic IBTC Bank PLC, Deputy Chief Executive of the Bank and Executive Director, Corporate & Investment Banking of the Bank.
  • He was also the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive, Stanbic IBTC Asset Management Limited.

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Corporate Press Releases

P2P crypto marketplace, Bitzlato (BZ) partners with Lemonade Finance to ease money transfers across Africa

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.



Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade.Finance, a borderless payment platform for Africa, as a payment method to its platform.

Lemonade Finance provides 100% digital payment experience for Africans to seamlessly participate in the global economy from anywhere in the world without any hassle or regardless of where they are from.

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

Users in Nigeria will now be able to send Nigerian Naira (NGN) to MPESA at 0% transaction fee.

Speaking about this partnership, Ridwan Olarere, CEO, Lemonade Finance, said:

“We are excited to partner with such an innovative company like Bitzlato to connect more Africans through payment. Many Africans living on the continent face many difficulties when making payments as remittance companies charge high fees and are time-consuming. We are now providing our users with a cost-effective way of sending money to Ghana, Kenya, Uk and Europe.”

Commenting on the opportunities this provides to crypto traders on the BZ platform, Mike Lunov, CEO, BZ, said:

“This partnership will provide a much-needed gateway that enables the markets we serve to seamlessly interact with each other in a borderless and open environment. We seek to break the barriers that presently exist for cross border transfers and enable our users to generate value through the opportunities that accrue from cryptocurrencies trading. The innovation exhibited by the Lemonade platform, and the brilliance of its team assures users of top-notch, secure and reliable transfers going forward.”


According to BZ, during the first month, BZ will refund commissions in manual mode while using Lemonade Finance, but this will be automated at the end of this period.

Following this partnership, BZ is now looking to partner with merchants in the crypto space especially in Nigeria, Ghana, South Africa that have a steady flow of Nigerian Naira (NGN) to increase liquidity on the platform.

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Take advantage of the new Lemonade Finance payment method on BZ, which offers zero transactional fees for money transfers from Nigeria into Kenya. Sign up on BZ and start trading crypto easily today.

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