Hello peeps!
I am gonna start a new fintech startup soon like Paystack and Flutterwave.

Fintech is a nice niche to venture in, in Africa due to the less condensed sphere.

I am gonna work very nicely on it and get the best teammates.

Meanwhile, what advice or recommendations can you give me on this project?

What's your start up capital?

If i have the money. What i should start in Nigeria and make billions of naira annually is a stock brokerage firm. A broker that will allow Nigerians in particular and Africans at large to buy and sell stocks listed on NYSE, Nasdaq and AMEX to name a few.

If you are an investor you will understand how terrible it is finding a broker that will allow Nigerians invest directly on any US stock. I know there are handfuls of brokers already in Nigeria like Passfollio, Trove, Chaka and Bamboo, but this firms only list companies they feel are safe thereby limiting your chances of making a big money from start up companies. This companies limit the kind of stocks you can trade. They don't list all the US stocks. In fact, they don't have up to 20% of the stocks. Passfollio is even better because its free commission trade. The only one left Nigerians can use is ChoiceTrade with poor interface, old website they have refused to update just like Nairaland ChoiceTrade is based in Chicago but Americans don't use it. How will they use it when they have hundreds of competitive brokers to choose from?

Many brokerage firms like Interactive brokers, TD Ameritrade, Trading 212 and Trade Station, allow every other African country except Nigeria. Reason being that Nigeria is a Red Zone. Insurgency and fulani Herdsmen. I almost cried one day begging a customer care representative to allow me open an account with them. He said based on regulations, Nigerians cannot open an account with them. Its a sin being a Nigerian and very frustrating if you are a stock market trader.

If i have the technical know-how, I will start a stock brokerage firm that can allow Nigerians trade the US stocks directly. I'm going to make it big and my clients will make big money too.

Ifesinachi22:
If i have the money. What i should start in Nigeria and make billions of naira annually is a stock brokerage firm. A broker that will allow Nigerians in particular and Africans at large to buy and sell stocks listed on NYSE, Nasdaq and AMEX to name a few.

If you are an investor you will understand how terrible it is finding a broker that will allow Nigerians invest directly on any US stock. I know there are handfuls of brokers already in Nigeria like Passfollio, Trove, Chaka and Bamboo, but this firms only list companies they feel are safe thereby limiting your chances of making a big money from start up companies. This companies limit the kind of stocks you can trade. They don't list all the US stocks. In fact, they don't have up to 20% of the stocks. Passfollio is even better because its free commission trade. The only one left Nigerians can use is ChoiceTrade with poor interface, old website they have refused to update just like Nairaland ChoiceTrade is based in Chicago but Americans don't use it. How will they use it when they have hundreds of competitive brokers to choose from?

Many brokerage firms like Interactive brokers, TD Ameritrade, Trading 212 and Trade Station, allow every other African country except Nigeria. Reason being that Nigeria is a Red Zone. Insurgency and fulani Herdsmen. I almost cried one day begging a customer care representative to allow me open an account with them. He said based on regulations, Nigerians cannot open an account with them. Its a sin being a Nigerian and very frustrating if you are a stock market trader.

If i have the technical know-how, I will start a stock brokerage firm that can allow Nigerians trade the US stocks directly. I'm going to make it big and my clients will make big money too.

Iam interested in this too but I need someone who has years of experience and knowledge of it.

Ifesinachi22:
If i have the money. What i should start in Nigeria and make billions of naira annually is a stock brokerage firm. A broker that will allow Nigerians in particular and Africans at large to buy and sell stocks listed on NYSE, Nasdaq and AMEX to name a few.

If you are an investor you will understand how terrible it is finding a broker that will allow Nigerians invest directly on any US stock. I know there are handfuls of brokers already in Nigeria like Passfollio, Trove, Chaka and Bamboo, but this firms only list companies they feel are safe thereby limiting your chances of making a big money from start up companies. This companies limit the kind of stocks you can trade. They don't list all the US stocks. In fact, they don't have up to 20% of the stocks. Passfollio is even better because its free commission trade. The only one left Nigerians can use is ChoiceTrade with poor interface, old website they have refused to update just like Nairaland ChoiceTrade is based in Chicago but Americans don't use it. How will they use it when they have hundreds of competitive brokers to choose from?

Many brokerage firms like Interactive brokers, TD Ameritrade, Trading 212 and Trade Station, allow every other African country except Nigeria. Reason being that Nigeria is a Red Zone. Insurgency and fulani Herdsmen. I almost cried one day begging a customer care representative to allow me open an account with them. He said based on regulations, Nigerians cannot open an account with them. Its a sin being a Nigerian and very frustrating if you are a stock market trader.

If i have the technical know-how, I will start a stock brokerage firm that can allow Nigerians trade the US stocks directly. I'm going to make it big and my clients will make big money too.

I use passfolio. Can u recommend another I can use please?

Mide3367:
I use passfolio. Can u recommend another I can use please?

ChoiceTrade

Hylla05:
Hello peeps!
I am gonna start a new fintech startup soon like Paystack and Flutterwave.

Fintech is a nice niche to venture in, in Africa due to the less condensed sphere.

I am gonna work very nicely on it and get the best teammates.

Meanwhile, what advice or recommendations can you give me on this project?

In what areas do you need contributions, anyway, i will suggest you add an e-scrow service, mostly for international transactions, to reduce the rate at which nigerians are being scammed.
Meanwhile, i'm always available to work in your team.

bnanzip:


Iam interested in this too but I need someone who has years of experience and knowledge of it.

Let's talk about this.

Ifesinachi22:
If i have the money. What i should start in Nigeria and make billions of naira annually is a stock brokerage firm. A broker that will allow Nigerians in particular and Africans at large to buy and sell stocks listed on NYSE, Nasdaq and AMEX to name a few.

If you are an investor you will understand how terrible it is finding a broker that will allow Nigerians invest directly on any US stock. I know there are handfuls of brokers already in Nigeria like Passfollio, Trove, Chaka and Bamboo, but this firms only list companies they feel are safe thereby limiting your chances of making a big money from start up companies. This companies limit the kind of stocks you can trade. They don't list all the US stocks. In fact, they don't have up to 20% of the stocks. Passfollio is even better because its free commission trade. The only one left Nigerians can use is ChoiceTrade with poor interface, old website they have refused to update just like Nairaland ChoiceTrade is based in Chicago but Americans don't use it. How will they use it when they have hundreds of competitive brokers to choose from?

Many brokerage firms like Interactive brokers, TD Ameritrade, Trading 212 and Trade Station, allow every other African country except Nigeria. Reason being that Nigeria is a Red Zone. Insurgency and fulani Herdsmen. I almost cried one day begging a customer care representative to allow me open an account with them. He said based on regulations, Nigerians cannot open an account with them. Its a sin being a Nigerian and very frustrating if you are a stock market trader.

If i have the technical know-how, I will start a stock brokerage firm that can allow Nigerians trade the US stocks directly. I'm going to make it big and my clients will make big money too.

We in the same shoe thinking same in same situ' . honestly that's why south Africans youths are thriving n soaring so high and eradicating poverty in their land. But opp is d case here. My resolution is that, I don't think its hard to start brokerage business here in naija. Let's brainstorm and come out with a good solution. Before the thieves will steal this idea.

Ifesinachi22:


ChoiceTrade

thanks..

Aquilazng:

We in the same shoe thinking same in same situ' . honestly that's why south Africans youths are thriving n soaring so high and eradicating poverty in their land. But opp is d case here. My resolution is that, I don't think its hard to start brokerage business here in naija. Let's brainstorm and come out with a good solution. Before the thieves will steal this idea.

So many ideas, so little money. How do we even start?

I read somewhere that you will write and pass two exams(Like Series 7 exam), before you can be a licensed broker. Getting regulatory licences requires money too. Another stock brokerage firm will sponsor you before you can get a licence. You will then belong to SIPC and FINRA.

Another way, after passing the exam you can decide to be your own broker. You can set yourself up as a self-employed trader. There is no license required to trade stocks in your own brokerage account. As a self-employed trader, the trading capital you use will be your own money, so if you are not a successful trader, it could be a very short-lived career. On the more positive side you can start small and learn how to trade profitably before you turn work as a trader into a full-time profession.

You came late for the party. Although if you want to enter there is a cheap way to do it that you will not need CBN expensive licenses

Ifesinachi22:


So many ideas, so little money. How do we even start?

I read somewhere that you will write and pass two exams(Like Series 7 exam), before you can be a licensed broker. Getting regulatory licences requires money too. Another stock brokerage firm will sponsor you before you can get a licence. You will then belong to SIPC and FINRA.

Another way, after passing the exam you can decide to be your own broker. You can set yourself up as a self-employed trader. There is no license required to trade stocks in your own brokerage account. As a self-employed trader, the trading capital you use will be your own money, so if you are not a successful trader, it could be a very short-lived career. On the more positive side you can start small and learn how to trade profitably before you turn work as a trader into a full-time profession.

I am also interested in this project but what I want to ship in is that we start by disruption. I.e fintech broker. Meaning we can leverage on technology to break into the brokerage mkt.