How to invest in the US stocks from Nigeria

If you have been on the lookout for how to invest in the US stocks from Nigeria, this article will guide you through the process.

The process is simpler than you can imagine, previously, it wasn’t and easy call investing in US stock from many Nigeria and many other countries of the world.

Well, thanks to advancement of technology, everything has been made easy.

You can comfortably invest in the US stocks from Nigeria, and we will explain how in this guide.

Investing in the US stocks from Nigeria

One of the most important things to invest in America is stock and bonds. They are very beneficial to your money.

The US stock market has a history of over-performing other markets and asset classes like real estate, gold, and cash.

It also offers access to companies all over the world.

For one looking to invest in a viable market, the stock market is a great place to start.

They are typically not as risky as other investment opportunities.

There are many ways to invest in the stock market, and it typically requires just a little amount of money.

It is possible to invest in the stock market with as little as $500. You can invest in an S&P 500 index fund and not pay any fees on your investment.

You may decide to put your money in a mutual fund. Likewise, you will always have the freedom to withdraw when you need to for immediate use, and you are guaranteed a profit.

Investing in the US stock market will provide a more secure future for you and your family, and you can do that from Nigeria.

Here are some of the benefits of investing in US Stock

  1. US stocks are considered a ‘safe-haven’ for investors because of their historical rate of return.

2. They also offer a very wide range of investment choices in comparison to other global markets.

3. Another benefit of investing in US stocks is that they offer a lot of diversity because there are over 1,500 different companies to choose from.

This means that you can invest into your own preferred industry, or even just pick up shares in the companies you are already invested in through your 401(k).

5. They are very accessible: US stocks are more accessible, with more information available on them, than international stocks.

6. They are also more liquid and typically trade at lower spreads.

7. US stocks are also more transparent and easier to buy, which is an advantage for many investors.

The US stock market, is a great investment opportunity, it does not just offer you the opportunity to grow your wealth, it can also be done from anywhere.

Here is how you can invest in US stock from Nigeria

How to invest in the US stocks from Nigeria

invest in the US stocks from NigeriaBefore now, Nigerians are not allowed to invest in Nigerian stocks and the US stock market is not accessible.

Investing in the United States from Nigeria was once a challenging task. To trade in the US stock market, most overseas brokerages would require, at the very least, a valid US visa or green card.

The process was tough and discouraging for many individuals, you have got to spend hugely too.

The US stock prices were available, but there was no way to buy them without going through the long listed process.

The process of investing in US stocks was difficult, but it became easier when the Nigerian Stock Exchange or NSE, in collaboration with the Central Securities Clearing System (CSCS) of Nigeria, a company that is under the regulatory authority of the CBN, created an opportunity for Nigerian investors to trade in US stocks.

This development made it possible for Nigerians to invest in US stocks and helped in the diversification of their investment portfolio

Nigerian investors were able to buy US stocks through Nigerian brokers, at a fraction of the cost and time.

The Nigerian Stock Exchange (NSE) also partnered with the New York Stock Exchange (NYSE) for investors to participate in US equities.

This allows investors to buy US stocks via their Nigerian NSE accounts at any time of day, day after day, for as low as $500 per trade.

This also made it possible to buy and trade US stock through third parties companies and apps.

Currently, there are many companies that offer such services online. You can invest in US stock from Nigeria using any of the following websites and apps.

All you need to do is, download their app or visit their website to register, requirements for registration differs according to each app.

To register, you will need

  • A valid means of verification
  • Your Bank Verification Number (BVN)
  • A recent Utility Bill or Bank Statement
  • Your Valid international passport

Here are our best apps you can use to secure your US stock investment from Nigeria

1. Trove

TroveApp is a Nigerian Stock Trading App that allows you to buy and sell stocks from anywhere in Nigeria.

It’s very easy to use, with just a few taps you can buy a stock. The first step is to select the stock or funds you want to search for, then filter by the markets you want to invest in and finally tick the stocks you’d like to invest in.

TroveApp also offers a free service for Nigerians who don’t have many resources. They allow you open an account and make investments with as little as ₦2.

Web address https://troveapp.co

2. Rise

Rise is a stock trading app that was launched in Nigeria in 2019. The app allows users to buy shares of companies and also has an additional feature like an IPO tracker and analysis tools.

With just a few taps, you can buy stock in Nigeria’s most dynamic companies.

Rise is Nigeria’s first equity crowdfunding platform, which allows individuals to buy stocks in Nigerian publicly-traded companies.

“Our goal is to make investing more accessible, affordable and transparent by giving Nigerian investors access to the same opportunities as institutional investors”.

3. Interactive brokers

In Nigeria, there are few options for Nigerians to buy and sell stocks. One alternative is Interactive Brokers.

This broker is a global leader in online trading. Interactive Brokers has a careful vetting process for all customers, and also offers excellent customer support services in English and Nigerian languages.

Nigerian customers can create an account with Interactive Brokers for the US market, which gives them access to the American stock markets.

They can then buy stocks on those markets, but will have to comply with US laws and regulations governing online trading. It’s possible to use Interactive Brokers to trade on

4. Chaka

Chaka, a Nigerian company is a good buy for investing in Nigeria’s stock market. They provide quality insurance products to the Nigerian population.

They are one of the largest insurance providers in Nigeria, and has a solid customer base.

The company is doing well and has been expanding rapidly over the last few years.

They have a wide customer base, which includes individuals and corporate clients.

They have been profitable for years, and their gross premium written increased by nearly 20% in the first half of 2015.

Chaka also has strong liquidity and strong capitalization ratios.

5. eToro

eToro, a social trading and investing platform, has emerged as a popular choice for investors in Nigeria.

It is a trusted and reliable way to trade stocks, commodities, currencies and more.

The company has an innovative approach to social trading which involves collaborative investment decisions.

Investors who participate in this type of trading can make profits by following the decisions of experienced investors.

eToro makes it possible for people with limited financial knowledge to invest in the market.

The platform provides them with easy-to-understand information about the financial markets and tools that help them analyze the market and make their trading decisions

6. Bamboo

Bamboo is a privately-owned Nigerian company that is the first of its kind to introduce the concept of buying stocks in Nigeria.

To buy stock, you need to make a minimum investment of N200,000 and then trade your shares on Bamboo’s stock market.

For N200,000 you get a number of shares that should generate returns for you if you choose to sell them.

Bamboo also makes it possible for Nigerians to invest in individual companies, so that they can share in their growth and development. Anyone interested in investing with Bamboo can do so by signing up on their website

7. Wealth.ng

If you’re looking to buy stock in Nigeria, Wealth.ng is the site for you.

Wealth.ng offers a wide array of features that make it easy to invest in stocks.

For example, wealth.ng lets you invest as much or as little as you want, and allows you to place your order at any time of day.

Plus, they offer only Nigerian stocks and bonds for sale, so there’s no risk of running into stocks from other countries.

Stocks to look out for in US Stock Market

Some of the best stocks to buy right now are Alphabet, Inc. (GOOGL), Facebook, Inc. (FB) and Amazon.com, Inc. (AMZN).

These companies are all still undervalued, and have seen a lot of growth from last year.

Alphabet has seen a 35% increase in revenue, Facebook has seen a 26% increase in revenue, and Amazon has seen about a 17% increase in revenue. ———- topic:

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Summary how to invest in the US stocks from Nigeria

As a Nigerian, it has always been interested in investing in US stocks. You would have to open an offshore account and go through the complicated process of making the investment.

This is not the case anymore, if you have been feeling that you are missing out on some opportunities because of your geographical location, fret not.

Buying stocks in Nigeria is not as complicated as it may seem.

The Nigerian Stock Exchange (NSE) provides a platform for investors who seek to invest in local or international securities from the comfort of their homes.

We hope this guide has provided you will all you need on how to invest in the US stocks from Nigeria

Investing in US stocks is an excellent way to grow your wealth and anyone can do it.

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