In this article, we are going to discuss the best online investment platform in Nigeria. We are also going to show you how to invest in them. If you want to invest in any local or foreign stock in Nigeria but don’t know how to get started, no worries, we’ve got you covered.
There are many legit investment platforms in Nigeria where you can invest in both local and foreign stocks. Some of the popular investment platforms in Nigeria include Bamboo, Chaka, Trove Finance, Cowrywise, Quidax, I-Invest, Risevest, PiggyVest, etc. With these platforms, you can invest in foreign stocks, like US stocks, US real estate, European stocks, Chinese stocks, etc., from the comfort of your home in Nigeria.
Interestingly, you don’t need to break bank before you can invest in these platforms. With as little as $1, you can start investing in them. However, it is important to note that some of these stocks, like digital assets, are highly volatile; hence, you should understand how it works before investing your money to avoid losing. Nevertheless, we are going to shed more light on them as we proceed with our discussion.
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Best Investment Platforms in Nigeria
There are many investment platforms in Nigeria that allow Nigerians to invest in both local and foreign stocks. They allow investors to invest different amounts of money in various stocks and make profits from them. With these investment platforms, Nigerians can invest in different foreign stocks, like US real estate, US stocks, Chinese stocks, etc. Without further ado, let’s discuss these investment platforms one after the other.
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Risevest is one of the best online investment platforms in Nigeria; although it doesn’t offer Nigerian investment, it allows Nigerians to invest directly in US-based assets. It acts as a dollar asset manager, enabling investors to invest widely and earn from it. They help investors manage their investment in different sectors, like fixed-income assets, US real estate, and US stocks.
With Risevest, you can invest and scale up your investment over time. This investment platform is suitable for passive investors who want their investment to be managed by experts.
Risevest has more than 600,000 active users, and since its inception, it has paid more $42 million to investors.
How to Invest in Risevest
If you want to invest in Risevest, follow the steps below:
- Visit play.google.com to download the app
- Choose the best asset or stock you want to invest in.
- Set your target goals on the Risevest app
- Finally, switch on the auto-invest feature on the Risevest app to enable you to get notifications about your investment.
2. Bamboo
When it comes to the best investment platform in Nigeria, Bamboo is already a household name. Bamboo platforms allow Nigerians to invest in both Nigerian and US stocks.
With the Bamboo app, Nigerians can access the US stock exchanges (NASDAQ and NYSE) and the Nigerian Stock Exchange (NGX) with real-time market trends and updates. Bamboo allows investors to access over 3,500 stocks on the United States stock market and the Nigerian Stock Exchange.
If you want to invest in the international market, then you can opt for Bamboo. This app is suitable for both small-scale and large-scale investors. The amazing thing about this app is its flexibility; with just your BVN as a Nigerian, you can access the Bamboo investment platform with ease. You can invest in Bamboo with as little as $1.
How to invest in in Bamboo
To invest in the Bamboo platform, do this:
- Visit investbamboo
- Create an account with your name
- Verify your account with your NIN or voter card
- Fund your Bamboo wallet with the amount of money you want to invest
- After funding your wallet, you can buy your preferred stock on the US stock exchanges.
3. I-Invest
If you are looking for an investment platform in Nigeria that has a fixed-income option, then you can consider I-Invest. Although the profit margin on this platform is not always high when compared to that of crypto or stock investments, it has very low risk, which means that investors will have steady returns with minimal loss.
This investment platform allows users to buy and manage different investments like commercial papers, Eurobonds, mutual funds, insurance, fixed deposits, etc. with the I-Invest app. In addition, this platform also allows Nigerians to buy and manage shares from the Nigerian Stock Exchange.
How to Invest in I-Invest
Investing in this platform is not difficult; you can follow the simple steps below to get started
- Visit play.google.com or apps.apple.com to download the app for Android and iOS users, respectively.
- Creating an account by registering with your personal details
- Fund your I-Invest wallet with your bank’s debit card or through bank transfer.
- Invest by choosing your investment option and input the exact amount you want to invest.
4. GetEquity
If you want to invest in any promising startup in Nigeria and beyond, then you can consider the GetEquity investment platform. With this platform, Nigeria can invest in different promising African startups at different stages.
However, it is important to note that it is very risky to invest in GetEquity since there is a likelihood that some startups may not succeed in the long run, but the returns are always high if such startups succeed.
In addition, apart from investing in startups, GetEquity allows Nigerians to invest in venture capital (VC), commercial papers, mutual funds and real estate projects.
How to Invest in GetEquity
If you want to invest in GetEquity, there are a few steps that you need to follow. They are outlined below:
- Visit play.google.com to download app
- Create an account with your details and complete the KYC registration by uploading legal documents
- Choose institutional investment by toggling on the institutional investing button on your dashboard
- Fund your GetEquity wallet through any of their available funding options that are suitable for you
- Start your investment by investing in your desired company.
5. Chaka
This is another investment platform in Nigeria. With this platform, Nigerians can access more than 4,000 local and foreign stocks. If you want an investment platform where you can diversify your portfolio, then Chaka is an option to consider.
Chaka allows Nigerians to open both dollar and naira accounts, thereby allowing them to invest and manage their portfolios in both local and foreign currencies.
However, trading fees on this investment platform range from 0.69% to 1.5% for all foreign investments. On the other hand, the broker commission for Nigerina stocks is ₦100 or 0.5%
How to Invest in Chaka
To invest in Chaka, follow the simple steps below:
- Visit the Playstore or App Store to download the app for Android and iOS users, respectively.
- Create an account with your details
- Fund your wallet with the amount you want to invest
- Start your investment by buying the stock of your choice on the platform.
6. PiggyVest
PiggyVest is another popular investment platform on our list. They allow Nigerians to invest in real estate and bonds. Apart from that, they have saving options, such as PiggyBank, SafeLock, Target Savings, Flex Dollar, and HouseMoney, for interested individuals who want disciplined saving.
Piggyvest has over 4 million active users. Investing in this platform is easy since their app is not difficult to navigate. With as little as ₦5,000, you can invest in PiggyVest.
How to Invest on PiggyVest
Investing in PiggyVest is straightforward; follow the steps below to get started
- Go to apps.apple.com or play.google.com to get the app for iOS and Android users, respectively.
- Sign up using your details
- Fund your account
- Start investing.
7. Cowrywise
Cowrywise is also an investment platform for Nigerians that allows interested individuals to invest in different stocks. This platform offers both investment and saving options for Nigerians.
With this platform, Nigerians can invest in both low-, medium-, and high-risk stocks. It has both dollar and naira mutual fund options for different saving plans and stocks. One of the features that sets the Cowrywise investment platform apart is that it provides both financial planning tools and educational resources to their investors to enable them to reduce risks while investing.
How to Invest in Cowrywise
Just like other investment platforms discussed above, investing in Cowrywise is seamless, Follow the steps below to get started
- Log in to the Cowrywise App.
- Tap on the Invest option.
- Tap on the Managed Portfolio option.
- Select your portfolio preference.
- Preview your portfolio composition.
- Select the amount you want to invest and your preferred payment method.
- Start youriInvestment. That’s all.
8. Quidax
If you want to invest in cryptocurrency, then you can opt for Quidax. This investment platform is only for Nigerians who want to invest in digital currencies. It allows Nigerians to buy, store and sell different digital assets. This app is available for both new and experienced crypto investors who want to invest in digital assets.
Quidax prides itself as one of the best crypto investment platforms in Nigeria, with thousands of active users. Recently, the Nigerian SEC gave a provisional license to Quidax to operate in the country due to their track record in the cryptocurrency sector.
How to Invest in Quidax
Investing in Quidax is quite simple and pretty easy; you can buy Quidax from any of the methods:
- Buy the amount of Quidax (QDX) you need from centralised exchange, like Binance, Bybit, KuCoin, OKX, Coinbase, etc.
- Buy Quidax (QDX) through a crypto wallet.
- Buy Quidax (QDX) on a decentralized exchange (DEX), like Uniswap, BNB Chain, PancakeSwap, BNB Chain, Verse DEX, etc.
9. Crowdyvest
This is another popular investment platform in Nigeria that allows Nigerians to invest in different sectors, like transportation, agriculture, and real estate. Crowdyvest is a community-based investment platform that allows investors who want to support social & economic development to invest while making money in return. If you are interested in impact investing, then you can consider Crowdyvest. The least amount that you can invest in Crowdyvest is ₦20,000.
How to Invest in Crowdyvest
If you prioritise impactful investing, you can follow the steps below to invest in Crowdyvest.
- Visit dashboard.crowdyvest.com to create an account if you don’t have one or login to dashboard.crowdyvest.com if you already have an account.
- Once logged, you can fund your account
- Finally, you can start your investment.
10. Trove Finance
The last but not the least investment platform on our list is Trove Finance. They offer different investment options, allowing Nigerians to invest in over 10,000 local and foreign stocks, bonds, cryptocurrencies, ETFs, etc.
If you want to invest in both digital and traditional assets, you can consider Trove Fiance. With Trove Finance, you can invest in popular US, European, Chinese, and Nigerina companies. The minimum amount that you invest in this platform is $10 or ₦1,000 in either local or international markets.
This investment platform has different features, like Trove Social for the stock investment community, Earn by Trove for investors interested in fixed-income, Stock Gifting, and USD Virtual Card.
How to Invest in Trove Finance
To start investing in Trove Finace, you will need to follow the steps below:
- Go to apps.apple.com or play.google.com to download the Trove Finance app.
- Create an account using your details
- Fund your wallet
- Start investing by buying your preferred stocks.
What is the best platform to invest money in Nigeria?
The best platforms to invest money in Nigeria are Bamboo, Chaka, Trove Finance, Cowrywise, Quidax, I-invest, Risevest, PiggyVest, etc.