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Buying US Stocks From Nigeria - Investment (4) - Nairaland

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ABC Of Investing In US Stocks Market / Us Stocks Pick Alert / Here’s How To Invest In US Stocks From Nigeria (2) (3) (4)

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Re: Buying US Stocks From Nigeria by sircatherine45(m): 9:16am On Aug 21, 2020
gamaliel9:


2$ is commission for buying which is Chaka s money
Another 2$ is commission for selling.. Chaka s money too

So total for buying and selling is 4$

However if you buy a stock that sells more than 200$, that commission is going to be 1%. That is if you buy a stock of 300$... you pay 3$ ommission.
A stock of 400$...you pay 4$ commission
A stock of 500$..you pay 5$ commission.... ainsi de suite...etc

Chaka's commission is too expensive
I want to experiment on InvestBamboo and Riseinvestments.

2 Likes

Re: Buying US Stocks From Nigeria by sircatherine45(m): 9:17am On Aug 21, 2020
sircatherine45:
gamaliel9, thanks for this trade
However, I'm trying to download the app via Google play, but to no success.
Any alternative site to download? Or you send it via Whatsapp?
Thank God i saw a site to download the app... I just hate Google Play
Re: Buying US Stocks From Nigeria by mizGene(f): 8:00am On Aug 22, 2020
Good morning all. What rates do the apps exchange at? Bank or parallel?
Re: Buying US Stocks From Nigeria by sircatherine45(m): 10:31pm On Aug 25, 2020
mizGene:
Good morning all. What rates do the apps exchange at? Bank or parallel?
Bank, i think

2 Likes

Re: Buying US Stocks From Nigeria by Thazard: 11:12pm On Sep 25, 2020
reading
Re: Buying US Stocks From Nigeria by Freedomfsl: 2:10am On Oct 09, 2020
Hello. Anyone know if I can withdraw interest on all my stock weekly/monthly?
Re: Buying US Stocks From Nigeria by acceptbtcpay: 4:59am On Oct 09, 2020
All these apps are good for short term trading but can we trust them for the long run..

I'm looking for apps/company where i can buy stocks and hold it for the long term (> 5 years).

I don't know if I can trust bamboo with that

1 Like

Re: Buying US Stocks From Nigeria by yoursidenigga(m): 9:18am On Oct 09, 2020
acceptbtcpay:
All these apps are good for short term trading but can we trust them for the long run..

I'm looking for apps/company where i can buy stocks and hold it for the long term (> 5 years).

I don't know if I can trust bamboo with that

The stocks are not lying on their servers. and their servers do not have any link with it. They are just a third-party for known investment brokers both internationally and locally.

Your stock remains your stock even if these businesses close
Re: Buying US Stocks From Nigeria by acceptbtcpay: 9:21am On Oct 09, 2020
yoursidenigga:


The stocks are not lying on their servers. and their servers do not have any link with it. They are just a third-party for known investment brokers both internationally and locally.

Your stock remains your stock even if these businesses close

So is there information on how we can reclaim our stocks if they close down?
Re: Buying US Stocks From Nigeria by yoursidenigga(m): 9:27am On Oct 09, 2020
acceptbtcpay:


So is there information on how we can reclaim our stocks if they close down?

They all have plans for that. I use chaka.ng and had to ask their customer care about it. So, I am sure of that. I am a long-term trader. I buy and keep for long

1 Like

Re: Buying US Stocks From Nigeria by acceptbtcpay: 9:36am On Oct 09, 2020
yoursidenigga:


They all have plans for that. I use chaka.ng and had to ask their customer care about it. So, I am sure of that. I am a long-term trader. I buy and keep for long

Thanks I'll have to contact them myself also
Re: Buying US Stocks From Nigeria by Pennywise(m): 8:39pm On Oct 09, 2020
yoursidenigga:


The stocks are not lying on their servers. and their servers do not have any link with it. They are just a third-party for known investment brokers both internationally and locally.

Your stock remains your stock even if these businesses close

True but don't they have access to your password? What if they decide to go rogue on you? Some years ago certain known stockbrocker names on the NSE were banned from trading on the Exchange because they sold clients shares without authorization and stole the money!! All things considered, the Fintechs are good because they make it easy to acquire Forex and remove some of the bottlenecks associated with these offshore stockbrokers.

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Re: Buying US Stocks From Nigeria by acceptbtcpay: 12:41pm On Oct 10, 2020
Pennywise:


True but don't they have access to your password? What if they decide to go rogue on you? Some years ago certain known stockbrocker names on the NSE were banned from trading on the Exchange because they sold clients shares without authorization and stole the money!! All things considered, the Fintechs are good because they make it easy to acquire Forex and remove some of the bottlenecks associated with these offshore stockbrokers.

they don't even need your password to sell it since its not stored on their server. I guess we're just trusting them not to do so.

1 Like

Re: Buying US Stocks From Nigeria by Kesteem: 7:58pm On Oct 10, 2020
gamaliel9:



I funded my account through online transfer,in `narration` i input my ID[chaka gives it to you] and my name too. i did this transfer before 9:30am. Before 12noon,it reflected in my account. Then i moved fast to the funding page...click on `EXCHANGE`.the interface for changing from naira to dollar or vice versa came..then i input the amount i wanted to be changed to dollar. It was successful.. Then around 3pm..it was reflecting in my dollar wallet.

NB
1. Do your transfer before 12noon
2. Do your exchange before 2pm..reason....for your money to reflect in your wallet the same day. If it passes 2pm...you will get your dollar the next business day. You can also do cash deposit..also observing the timelines above.

After selling, you follow the same pattern...you exchange your dollar to naira...then withdraw to your bank. Good luck
is the ROI monthly or yearly... how many percent pls?
Re: Buying US Stocks From Nigeria by DayoBright: 12:02am On Oct 13, 2020
Please what's Chakas ROI? Is it monthly or weekly?
Re: Buying US Stocks From Nigeria by njelrapheal: 1:09pm On Oct 23, 2020
I have been trying to buy on Chaka and each time I get an error saying that he exchange is currently unavailable pls try again later. Someone help please
Re: Buying US Stocks From Nigeria by afroxyz: 11:01am On Dec 25, 2020
midolian:
As much as I have interest in it, I can't risk giving my BVN to any one

What would your BVN be used for? Trove and Chaka are legitimate businesses with offices. If you have any doubt you can visit their office or contact customer service. If tou had read the earlier parts of this thread, you would see that your questions have been duly addressed.

1 Like

Re: Buying US Stocks From Nigeria by Gilbus1(m): 1:18pm On Dec 28, 2020
Thank you all for sharing with us from your experience. I'm a newbie and I've learnt alot from this thread. Incase you guys have a WhatsApp group please I'll love to be a member.
Re: Buying US Stocks From Nigeria by sircatherine45(m): 2:59am On Dec 29, 2020
You can use Passfolio for trading stocks too
Besides, they have low $ fees
Re: Buying US Stocks From Nigeria by oluwamitomisin: 11:31am On Dec 29, 2020

Re: Buying US Stocks From Nigeria by gianni9: 7:18pm On Dec 30, 2020
Have you guys thought about a solution/app that could help you track all your investments in one place? Achee, a new fintech startup, looks to be providing this service.
Re: Buying US Stocks From Nigeria by sircatherine45(m): 11:58pm On Dec 30, 2020
gianni9:
Have you guys thought about a solution/app that could help you track all your investments in one place? Achee, a new fintech startup, looks to be providing this service.

We will need more info on this
Re: Buying US Stocks From Nigeria by chimex38: 6:04pm On Dec 31, 2020
Is is true you must have about 1millon in your account before u use Stanbic brokers as ur firm..
I was about to fill their online form as my agents when o saw the about..
I need more enlightment from experienced folks if its a clause with a condition. as i ve about 20k to start with plan to keep topping up for the stocks i choose

2 Likes

Re: Buying US Stocks From Nigeria by Trapqueeen: 11:47am On Jan 01
I have investments in both Chaka and Bamboo. I find chaka's fees more expensive and the interface not as simplified as bamboos'. Also bamboo reduces commissions from 1.5% to 1% when you become a gold member. Your investments are also insured by FDIC for up to $250,000. I have been investing since May and i can say i am very happy with Bamboo. I have added a snapshot of my portfolio (hidden amounts) but you can have an idea of what ~6 months roi looks like. The key is to buy the dips.

You also gain more as a value/growth/dividend investor than a trader due to the high commissions on these platforms (even as at bamboo's reduced 1%), traders need to find commission-free platforms like robinhood.
Re: Buying US Stocks From Nigeria by frankfab(m): 4:23am On Jan 02
Is anyone using Risevest? I want to start investing I have been procrastinating.

1 Like

Re: Buying US Stocks From Nigeria by larrypourl(m): 11:12am On Jan 02
gamaliel9:
BVN is in all transactions these days...you cannot run away from it in any transaction involving your bank


No one can withdraw money from your account with your bvn only

Brother please I need your contact ASAP., Mail, phone, just any. Thanks.
Re: Buying US Stocks From Nigeria by DextrousDavid(m): 12:22pm On Jan 04
I am seeing the amount I deposited in my chaka wallet. But when I try to buy a stock I see $0. Any idea??
Re: Buying US Stocks From Nigeria by KingUg(m): 10:11am On Jan 05
Trapqueeen:
I have investments in both Chaka and Bamboo. I find chaka's fees more expensive and the interface not as simplified as bamboos'. Also bamboo reduces commissions from 1.5% to 1% when you become a gold member. Your investments are also insured by FDIC for up to $250,000. I have been investing since May and i can say i am very happy with Bamboo. I have added a snapshot of my portfolio (hidden amounts) but you can have an idea of what ~6 months roi looks like. The key is to buy the dips.

You also gain more as a value/growth/dividend investor than a trader due to the high commissions on these platforms (even as at bamboo's reduced 1%), traders need to find commission-free platforms like robinhood.
bro pls can I mail you I am new to this investment thing
Re: Buying US Stocks From Nigeria by Tuntheycr7: 10:33pm On Jan 06
Trapqueeen:
I have investments in both Chaka and Bamboo. I find chaka's fees more expensive and the interface not as simplified as bamboos'. Also bamboo reduces commissions from 1.5% to 1% when you become a gold member. Your investments are also insured by FDIC for up to $250,000. I have been investing since May and i can say i am very happy with Bamboo. I have added a snapshot of my portfolio (hidden amounts) but you can have an idea of what ~6 months roi looks like. The key is to buy the dips.

You also gain more as a value/growth/dividend investor than a trader due to the high commissions on these platforms (even as at bamboo's reduced 1%), traders need to find commission-free platforms like robinhood.


I sent you a mail please kindly reply
Re: Buying US Stocks From Nigeria by desiredmee(m): 2:05pm On Jan 07
please what is the minimum amount one can invest in Bamboo
Re: Buying US Stocks From Nigeria by Jerry59(m): 3:24pm On Jan 07
desiredmee:
please what is the minimum amount one can invest in Bamboo
Seems it's $20 for foreign stocks
Re: Buying US Stocks From Nigeria by mishow4(m): 10:12pm On Jan 08
My question is, for instance you buy a stock...let’s say $TSLA $10 in the morning and there’s a spike in the evening, can one sell it off immediately? I mean on Bamboo?��

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