How to Buy Foreign Shares from Nigeria (Trade US Stocks Online)

buy foreign shares from nigeria by koboline

Last Updated on November 8, 2022

You can buy foreign shares from Nigeria either through a brokerage firm or an online investment platform in Nigeria.

The brokerage firm which can be either local or global can be rather complicated because of issues like costs of opening an account, tax issues, payment problems due to currency conversions, technical support challenges and of course fraudulent brokerage firms.

That is why online investment platforms in Nigeria are the best option to buy foreign shares from Nigeria.

See: How to Buy Cryptocurrency in Nigeria

These online platforms that allow anyone to buy foreign shares in Nigeria are legit, safe and secure. There are registered with the relevant government agencies like the Securities and Exchange commissions both in Nigeria and relevant foreign countries.

If you want to buy foreign shares from Nigeria you need to be cautious of fraudulent brokerage firms that are not registered with the market regulator such as the Securities and Exchange Commission (SEC) in a foreign country like the US and even the SEC of Nigeria where you’re domiciled.

Also See: Best Stock Trading Apps in Nigeria

Why Buy Foreign Shares from Nigeria instead of other Investment Types?

buy foreign shares from Nigeria by Koboline

When you compare buying foreign shares from Nigeria instead of other investment opportunities like bonds, treasury bills or even real estate. Foreign shares come out on top because of the variety and liquidity it offers.

When you buy foreign shares from Nigeria, you get to be part owner in foreign companies and you also get to earn income through dividends.

Check Out: Best Performing Mutual Funds in Nigeria

Investment Apps for Buying Foreign & American Stocks in Nigeria

There are online investment platforms that allow you to easily buy foreign shares from Nigeria with ease from an internet-enabled device. You can easily create a trading account, and purchase foreign and even local shares from these online investment companies. 

Here is a list of secure and legit online investment companies you can use to buy foreign shares from Nigeria:

  • Risevest
  • Chaka
  • Bamboo
  • Trove
  • Wealth.ng

1. Risevest

how to buy foreign shares from Nigeria

From as low as $10 invest with the Risevest app in dollar investment opportunities like buying foreign shares from Nigeria. Risevest allows anyone to make automated investments in 30 high-growth stocks on the US exchange, fixed-income assets like Eurobonds and US real estate.

It’s simpler to see Rise as more of an online Investment fund as you pick your investment type and the experts at Rise actually make the actual investments themselves. 

Risevest annual return on foreign shares is about 14%. Note that actual returns can depend on the market. The Rise app is available on Android and on iOS.

See: Real Estate Investment Platforms in Nigeria

2. Chaka

how to buy foreign shares from Nigeria

You can also buy foreign shares from Nigeria with Chaka. It online investment platform in Nigeria where you can buy and sell US, Nigerian, and Chinese stock.

You can start buying foreign shares with Chaka from as low as $10.

Chaka is available on Android and iOS.

3. Bamboo Invest

how to buy foreign shares from Nigeria

Buy foreign shares from Nigeria with Bamboo for as low as $20. There are over 3500 American and Nigerian shares on the Bamboo app. Every Bamboo account is insured for up to $500,000.

You can build your personal wealth with Bamboo by buying foreign shares from Nigeria from your smartphone. This online investment platform has bank-level state-of-the-art security.

You can use Bamboo on Android and on iOS.

4. Trove App

how to buy foreign shares from Nigeria

Anyone can buy foreign shares from Nigeria using the Trove app. Buy  American, Chinese and Nigerian shares starting with a minimum amount of N1000. You can also buy other assets like bonds, ETFs and using Trove.

They also offer investing guides that help you become a smart investor. You can use trove on Andriod, iOs and on the web.

5. Wealth.ng 

how to buy foreign shares from Nigeria

Wealth.ng also offers personal wealth advisors on its platform. Wealth.ng also allows people to give gifts by buying shares and other investment products in their name 

Wealth.ng lets anyone buy foreign shares from Nigeria through its app and Website. 

You can also invest in treasury bills, mutual funds, agriculture and real estate with wealth.ng. You can use Wealth.ng through its website or its app.

You can also buy shares from the Nigeria stock exchange with this platform.

Is Now a Good Time to Buy Foreign Shares from Nigeria?

Yes, it is a good time to buy foreign shares from Nigeria. Because the Nigerian stock market is highly unpredictable, even the Naira as a currency cannot seem to catch a break as its value has been steadily declining for years. 

Another reason it is a good time to buy foreign shares from Nigeria is that your money/investment will be in dollars. Same as your gains from buying foreign shares from Nigeria.

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