CowbellY:


Personally, I prefer Bamboo.

I have a Trove as well but they have fixed fees as against the % taken by Bamboo but then again, your trading sum would help determine best to go with.

Thanks.

From earlier comments, I see Bamboo takes days to process requests

Could anyone with dollars on Trove check for me how much withdrawal to Naira bank account is?

Because I can see N431 to convert to Dollars and N422 to convert back to Naira

thetelz:
Could anyone with dollars on Trove check for me how much withdrawal to Naira bank account is?

Because I can see N431 to convert to Dollars and N422 to convert back to Naira

Yeah that is what it is

thetelz:
Could anyone with dollars on Trove check for me how much withdrawal to Naira bank account is?

Because I can see N431 to convert to Dollars and N422 to convert back to Naira

The run like a BDC, the spread is their cut. So you have to factor it into your trades' break even prices.

thetelz:


Thanks.

From earlier comments, I see Bamboo takes days to process requests

That's interesting.

When I credited my Trove account, it took them about 2 days to convert naira to USD.

When I got round to using my Bamboo, they mentioned a 24 hour wait but I was surprised to get a mail about 4 hours later, confirming the deposit.

Again, this is all personal experience. Might differ elsewhere.

1kinggy:


The run like a BDC, the spread is their cut. So you have to factor it into your trades' break even prices.

I understand now, they make money from all sides. Deposits, Buys,Sells lol

CowbellY:


That's interesting.

When I credited my Trove account, it took them about 2 days to convert naira to USD.

When I got round to using my Bamboo, they mentioned a 24 hour wait but I was surprised to get a mail about 4 hours later, confirming the deposit.

Again, this is all personal experience. Might differ elsewhere.

Almost the same experience that I have had so far with Bamboo. Crediting your account takes roughly 24hrs. When I sell a stock, it takes a day or two for my money to reflect in my account. I cannot speak for Trove and Chaka as I don't yet use them.

Tabuse20:


Almost the same experience that I have had so far with Bamboo. Crediting your account takes roughly 24hrs. When I sell a stock, it takes a day or two for my money to reflect in my account. I cannot speak for Trove and Chaka as I don't yet use them.

I use Chaka....i do not know how they do it..but the money lands immediately you sell but you cannot withdraw it till after 2 or 3 days...T+2...settlement. I think the same thing happens in NSE...

Tabuse20:


Almost the same experience that I have had so far with Bamboo. Crediting your account takes roughly 24hrs. When I sell a stock, it takes a day or two for my money to reflect in my account. I cannot speak for Trove and Chaka as I don't yet use them.

This is a no-no! What? Trove and Chaka will credit your trading account in seconds!

OakPearl:


STOCK FOCUS: GILD ($76.54)
The ETF that tracks the S&P 500 rallied in after-hours trading today after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus.

Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after an industry publication said Covid-19 patients being treated with the company’s antiviral drug Remdesivir appear to have “rapid recoveries in fever and respiratory symptoms.” 

Gilead holders get set for a good ride tomorrow.
I hold some position here too; so I guess am gonna be a part of the jolly ride.

Welcome onboard . what was your entry price? My exit is $100 and above.
I believe the jolly ride will continue far into the year after the lockdown is over.

seyisanya:
This is a no-no! What? Trove and Chaka will credit your trading account in seconds!

Exactly reason I sold all my stocks on bamboo and not going back cos you can't reinvest your money immediately after sales until after two days.

Has anyone ever used trove to buy local stock. How reliable are they cos they don't give cscs number so how do I trace my stock or get my dividends as I am thinking of converting my dollars to naira and buying local stock from them for the first time instead of sending the money back to my account and back to my local broker. Please share your experience if you have done business on local stock with them

Well, for now, I am quite comfortabel with Bamboo. When I find a reason to move, then I will.

gamaliel9:


I use Chaka....i do not know how they do it..but the money lands immediately you sell but you cannot withdraw it till after 2 or 3 days...T+2...settlement. I think the same thing happens in NSE...

Oh, okay bro. So technically, it is the same with Bamboo in some way. I am more interested in long term investments (Vanguard etfs) and then I buy a mix of other good dividend paying stocks for mid/cap appreciation. Since I am still learning, I do not want to day trade so Bamboo suits me. I think their exchanges are slightly lower than the rest. Not sure cos it changes.

seyisanya:
This is a no-no! What? Trove and Chaka will credit your trading account in seconds!

Bro, still learning to be like you later. I do not day trade so I like them.

Tabuse20:


Bro, still learning to be like you later. I do not day trade so I like them.

This has got nothing to do with day trading. With time, you'll understand. It just makes no sense!

Tabuse20:


Oh, okay bro. So technically, it is the same with Bamboo in some way. I am more interested in long term investments (Vanguard etfs) and then I buy a mix of other good dividend paying stocks for mid/cap appreciation. Since I am still learning, I do not want to day trade so Bamboo suits me. I think their exchanges are slightly lower than the rest. Not sure cos it changes.

Can you please share their most recent exchange rates? Rates on other platforms vary as well.

abuhusna1:
Has anyone ever used trove to buy local stock. How reliable are they cos they don't give cscs number so how do I trace my stock or get my dividends as I am thinking of converting my dollars to naira and buying local stock from them for the first time instead of sending the money back to my account and back to my local broker. Please share your experience if you have done business on local stock with them

Tomi already responded to my cscs worries on the previous page. Regarding dividend, I can't say. But I guess it might be the same as Chaka because you don't need to do anything to get your local dividend pay-out on Chaka. Trove will most likely have a similar arrangement.

seyisanya:
Can you please share their most recent exchange rates? Rates on other platforms vary as well.

I see what you mean. All the 3 apps have their strengths and weaknesses. Just like how we have different brokers for our own stock. I use Morgan cap for local stocks mostly based on recommendations I got from the other thread and I have not regretted. For US stocks, yes, for now, I like Bamboo - prompt customer service, good user experience, and good rates. This has been my own experience. Yes, not yet perfect, but I think all of them are growing. The competition favours us the end users, so why would I not change if I experience challenges?. I think Chaka and Bamboo even use the same US intermidary - DriveWealth LLC. Correct me if am wrong. It suits me for now, when it does not, i will change. No one likes to loose money

What apps can be used for forecasting and possinly picks for day trading?

thetelz:
Could anyone with dollars on Trove check for me how much withdrawal to Naira bank account is?

Because I can see N431 to convert to Dollars and N422 to convert back to Naira

As at today, it's N420.16 to convert to dollars.i.e deposit. I don't know how much for selling, don't know how to check unless am selling . Rates fluctuate though. This is for Bamboo.

nna777:


Welcome onboard . what was your entry price? My exit is $100 and above.
I believe the jolly ride will continue far into the year after the lockdown is over.

Thanks bro.
Boarded GILD bus 27th Feb. at $77.94.

kenneth6901:
Hello Gurus, I don't seem to get whats going on with "Chesapeake Energy" though I made complains to Bamboo's customer agent already but I wanna know if anyone experiencing such presently, I had 256 shares with them but two days ago, it reduced to 2 shares without sale from my end.... Please how much does a "CHK share worth now?

The stock did a reverse split cos it was less than 1 dollar over a six months. You need to follow news on stocks bought.

abuhusna1:

The stock did a reverse split cos it was less than 1 dollar over a six months. You need to follow news on stocks bought.

Its 52wk low says $14 though

thetelz:


Its 52wk low says $14 though

No, its 52-week low is 0.13. Make sure you always check ticker symbols and be sure of the stock you're quoting. The ticker symbol for Chesapeake Energy Corporation is CHK.

OakPearl:


Thanks bro.
Boarded GILD bus 27th Feb. at $77.94.

I bought 3 units at $78...after they paid me dividend i sold...i think i will buy again and wait for news of her vaccine

seyisanya:
No, its 52-week low is 0.13. Make sure you always check ticker symbols and be sure of the stock you're quoting. The ticker symbol for Chesapeake Energy Corporation is CHK.

Its not this one?

OakPearl:


Maybe, maybe not just yet.
We all know these measures to bail out the economies are temporary and their immediate impact will also be artificial to help ferry the economies into full blown permanent stability.

So while this temporary measures last, we ride the tide while still positioning for the future until normalcy returns.

Thank you sir. I wanted to pick your brains. I sure hope the bottom is in but it may be short lived.

thetelz:


Its not this one?

Your app recorded the value it closed on Friday as 52-week low after the ''re-birth'' . To get the actual 52-week low of the stock, just search on Google!

seyisanya:
Your app recorded the value it closed on Friday as 52-week low after the ''re-birth'' . To get the actual 52-week low of the stock, just search on Google!

Same thing. I'm confused now ��

CowbellY:


That's interesting.

When I credited my Trove account, it took them about 2 days to convert naira to USD.

When I got round to using my Bamboo, they mentioned a 24 hour wait but I was surprised to get a mail about 4 hours later, confirming the deposit.

Again, this is all personal experience. Might differ elsewhere.

thats been my experience, faster than trove in crediting your wallet

Tabuse20:


Oh, okay bro. So technically, it is the same with Bamboo in some way. I am more interested in long term investments (Vanguard etfs) and then I buy a mix of other good dividend paying stocks for mid/cap appreciation. Since I am still learning, I do not want to day trade so Bamboo suits me. I think their exchanges are slightly lower than the rest. Not sure cos it changes.

Are there dividend paying stocks on Bamboo ?