₦airaland Forum

YerYer:
10% markup is just criminal. If you are buying at 10% markup, you are already at such a disadvantage it's not even worth investing your money.

That’s what I thought too...

There’s an explanation on the site tho! But doesn’t make any sense to me whatsoever because other brokerages aren’t doing that.

Iamsoulomon:
Trove more than 2% and chaka mark up stock price 10%. Bro using meristem do you usually fill forms to receive your dividends?

Is this 10% Chaka mark up for both Nigerian and foreign stocks?

Any idea if Bamboo mark up too?

Iamsoulomon:
Trove more than 2% and chaka mark up stock price 10%. Bro using meristem do you usually fill forms to receive your dividends?

Is the fees different as shown on their online fee calculator?

https://www.chaka.ng/calculator

Aicebaba:
Is this 10% Chaka mark up for both Nigerian and foreign stocks?

Any idea if Bamboo mark up too?

No bro the 10% is only on Nigerian stock and the mark up is not a fee so it won’t show in the calculator... bamboo doesn’t

In the picture is what I’m talking about, the price below is what you get charged per share

Thanks for the clarification.

Iamsoulomon:
No bro the 10% is only on Nigerian stock and the mark up is not a fee so it won’t show in the calculator... bamboo doesn’t

In the picture is what I’m talking about, the price below is what you get charged per share

What if u use "limit order" instead of "Market order"?

Iamsoulomon:
No bro the 10% is only on Nigerian stock and the mark up is not a fee so it won’t show in the calculator... bamboo doesn’t

In the picture is what I’m talking about, the price below is what you get charged per share

damurphy:
I used bank account statement for proof of address. For deposit I used SKRILL.

Is it compulsory I use a TIN for registration? And did you use a TIN while registering?

NoTimeZone:
Is it compulsory I use a TIN for registration? And did you use a TIN while registering?

Yes, I used TIN. I'm not sure if there's any alternative.

mXz6:
Hi All, I have followed this thread from the first page and have gleaned insights on equities et al. Thanks @Oakpearl, @YerYer, and others for this wealth of information. I would like to know if any of the Fintech apps (Trove, Chaka, or Bamboo) offers special orders option (Stop orders and Limit orders) for fractional shares and if any allows withdrawal to a USD domiciliary account at the moment.

Oh I have no idea. I don't use any of them

damurphy:
Yes, I used TIN. I'm not sure if there's any alternative.

Can I as an individual register for the TIN? If so what are the criteria and documents needed? Will I get the number instantly and then collect the card on a later date?

NoTimeZone:
Can I as an individual register for the TIN? If so what are the criteria and documents needed? Will I get the number instantly and then collect the card on a later date?

it's easy. Go to any FIRS office and request for TIN form. They'll require document for identification you'll get the number after 10 days.

THIS WEEK'S EARNINGS[b][/b]

Monday, June 29:
Micron Technology, Inc. (MU),

Tuesday, June 30:
Conagra Brands Inc (CAG), FedEx Co. (FDX),

Wednesday, July 1:
Constellation Brands, Inc. (STZ), General Mills, Inc. (GIS), Huazhu Group Ltd (HTHT),

Thursday, July 2:
Coca-Cola European Partners PLC (CCEP), Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (TLK),

Friday, July 3:
Nikola Corporation (NKLA),

NKLA is going to be a long term hit.

mXz6:
Hi All, I have followed this thread from the first page and have gleaned insights on equities et al. Thanks @Oakpearl, @YerYer, and others for this wealth of information. I would like to know if any of the Fintech apps (Trove, Chaka, or Bamboo) offers special orders option (Stop orders and Limit orders) for fractional shares and if any allows withdrawal to a USD domiciliary account at the moment.

Edited: Stop & Limit Orders for fractional shares? - NO for Bamboo & Trove- Only available for whole shares. Can’t say for Chaka

Withdrawal of into a USD acc? YES for Bamboo (you’ll be charged $45 for Wire Transfer fee tho), MOST LIKELY for Trove. I haven’t tried USD withdrawal on Trove just yet, but I believe you can following the logic that you can fund your Trove account with a Dom Account. Can’t say for Chaka

YerYer:
Absolutely, a little bit of luck plays a role. Imagine you buy high quality stocks today and tomorrow Russia attacks a NATO ally; it's safe to say the market will sell off. These are inherent risks that comes with investing. Long term investors will still have ample time to recover their loss but if it's a speculative trade like the short dated call option, its toast. The most important thing is having a higher win to loss ratio over a long period of time and that's not just pure luck.

I'm glad I slept off Friday morning, it was a bloodbath I didn't want to witness. EBAY, FSLY & DOCU saved me though.

All 3 are solid! FSLY the only green in my portfolio on Friday with FB doing the most damage. Ironically just sold DOCU to buy INO and SPOT. EBAY is crazy tho!! Already achieved 100% YTD already. Definitely getting a slice when next I rebalance my portfolio

horlajide:
All 3 are solid! FSLY the only green in my portfolio on Friday with FB doing the most damage. Ironically just sold DOCU to buy INO and SPOT. EBAY is crazy tho!! Already achieved 100% YTD already. Definitely getting a slice when next I rebalance my portfolio

Congrats bro. Fastly (FSLY) is moving too fast abeg . EBAY needs to move to $100 so I can retire. But seriously you have some nice stocks that are poised to thrive during the pandemic. Hopefully I join you in buying SPOT this week, I won't miss this train.

YerYer:
Congrats bro. Fastly (FSLY) is moving too fast abeg . EBAY needs to move to $100 so I can retire. But seriously you have some nice stocks that are poised to thrive during the pandemic. Hopefully I join you in buying SPOT this week, I won't miss this train.

Am sure rolling with legends here man!
Una dey pick the very ripe mangoes at the right time.
FSLY and SPOT added last week.

We are constantly thinking of tools that provide a snapshot into interesting companies and indicators that can help support your decision making.

Today, we are pleased to announce 6 new features on Trove, plus an additional update which would hopefully help aid your investing decisions.

Calendars : Be in the know of companies declaring earnings, dividends or having an upcoming IPO. You can now know on Trove when any of these would be announced, only a click away.

Institutional & Fund Ownership : Does Warren Buffets Berkshire Hathaway own this stock? Get more insight into what stocks the biggest institutions and funds have in their portfolio

Earnings Chart : Did your favorite company miss their earnings projection? View every company's earnings vs what analysts predicted

Brand new ways of funding your wallet : You can now fund your Trove wallet using your USD Cards & also via Wire Transfer from a USD account.. And yes, you can also withdraw back to a USD bank account.

Deeper Portfolio Insight : Curious about how much your overall portfolio has grown or declined? How much have you made or lost ? Get more insight into the performance of your individual stocks and overall portfolio.

Additional Ways of securing your account : You can now set your fingerprint as a requirement for access to the app. For iOS users, the app now fully allows for Face ID & Touch ID on supported devices. To access this simply visit your account settings and select "App Lock"

And the additional update we spoke about.....

Cancel Pending Orders : You can now cancel your pending trades by visiting the "order history section"

Yes we said that.. no need for in-app messages asking us to cancel transactions.

Not a feature per say but we hope that makes life a little easier for everyone.

As always, we would love feedback on what next you want us to build or what you think would help move the needle for you.

We would be happy to hear them.

Also, if you have any questions on how any of the above features work, please reach out to us via the in-app chat.

Thanks for all your support. We do not take it for granted.

P.S - To access these features, you would have to update to the latest version of the Trove app. Please visit the Google Play or iOS App Store to update.

tommieen:
We are constantly thinking of tools that provide a snapshot into interesting companies and indicators that can help support your decision making.

Today, we are pleased to announce 6 new features on Trove, plus an additional update which would hopefully help aid your investing decisions.

Calendars : Be in the know of companies declaring earnings, dividends or having an upcoming IPO. You can now know on Trove when any of these would be announced, only a click away.

Institutional & Fund Ownership : Does Warren Buffets Berkshire Hathaway own this stock? Get more insight into what stocks the biggest institutions and funds have in their portfolio

Earnings Chart : Did your favorite company miss their earnings projection? View every company's earnings vs what analysts predicted

Brand new ways of funding your wallet : You can now fund your Trove wallet using your USD Cards & also via Wire Transfer from a USD account.. And yes, you can also withdraw back to a USD bank account.

Deeper Portfolio Insight : Curious about how much your overall portfolio has grown or declined? How much have you made or lost ? Get more insight into the performance of your individual stocks and overall portfolio.

Additional Ways of securing your account : You can now set your fingerprint as a requirement for access to the app. For iOS users, the app now fully allows for Face ID & Touch ID on supported devices. To access this simply visit your account settings and select "App Lock"

And the additional update we spoke about.....

Cancel Pending Orders : You can now cancel your pending trades by visiting the "order history section"

Yes we said that.. no need for in-app messages asking us to cancel transactions.

Not a feature per say but we hope that makes life a little easier for everyone.

As always, we would love feedback on what next you want us to build or what you think would help move the needle for you.

We would be happy to hear them.

Also, if you have any questions on how any of the above features work, please reach out to us via the in-app chat.

Thanks for all your support. We do not take it for granted.

P.S - To access these features, you would have to update to the latest version of the Trove app. Please visit the Google Play or iOS App Store to update.

Thank you for the updates.
What is being done about activating market limits on your platform?

tommieen:
We are constantly thinking of tools that provide a snapshot into interesting companies and indicators that can help support your decision making.

Today, we are pleased to announce 6 new features on Trove, plus an additional update which would hopefully help aid your investing decisions.

Calendars : Be in the know of companies declaring earnings, dividends or having an upcoming IPO. You can now know on Trove when any of these would be announced, only a click away.

Institutional & Fund Ownership : Does Warren Buffets Berkshire Hathaway own this stock? Get more insight into what stocks the biggest institutions and funds have in their portfolio

Earnings Chart : Did your favorite company miss their earnings projection? View every company's earnings vs what analysts predicted

Brand new ways of funding your wallet : You can now fund your Trove wallet using your USD Cards & also via Wire Transfer from a USD account.. And yes, you can also withdraw back to a USD bank account.

Deeper Portfolio Insight : Curious about how much your overall portfolio has grown or declined? How much have you made or lost ? Get more insight into the performance of your individual stocks and overall portfolio.

Additional Ways of securing your account : You can now set your fingerprint as a requirement for access to the app. For iOS users, the app now fully allows for Face ID & Touch ID on supported devices. To access this simply visit your account settings and select "App Lock"

And the additional update we spoke about.....

Cancel Pending Orders : You can now cancel your pending trades by visiting the "order history section"

Yes we said that.. no need for in-app messages asking us to cancel transactions.

Not a feature per say but we hope that makes life a little easier for everyone.

As always, we would love feedback on what next you want us to build or what you think would help move the needle for you.

We would be happy to hear them.

Also, if you have any questions on how any of the above features work, please reach out to us via the in-app chat.

Thanks for all your support. We do not take it for granted.

P.S - To access these features, you would have to update to the latest version of the Trove app. Please visit the Google Play or iOS App Store to update.

We thank you for your hard work.
Please regarding funding via USD to trove account, is the minimum still 1k dollars?

Hello Oakpearl,


Limits have been functional for at least 2 months.

The only caveat is that limits cannot be placed for fractional shares, has to be a whole share e.g - 47 units or 10 units. If you try placing a limit for 47.25, it would not go through.

OakPearl:
Thank you for the updates.
What is being done about activating market limits on your platform?

Hello Penboy,


Thanks for the kind words. It was actually never $1,000. We just used to advise people against sending smaller amounts due to transfer fees that banks charge for domicilliary transfers but at the end it is up to you.

You can transfer $50 or even $15 if you want to.

Penboy:
We thank you for your hard work.
Please regarding funding via USD to trove account, is the minimum still 1k dollars?

OakPearl:
Am sure rolling with legends here man!
Una dey pick the very ripe mangoes at the right time.
FSLY and SPOT added last week.

We are learning from you sir.

tommieen:
We are constantly thinking of tools that provide a snapshot into interesting companies and indicators that can help support your decision making.

Today, we are pleased to announce 6 new features on Trove, plus an additional update which would hopefully help aid your investing decisions.

Calendars : Be in the know of companies declaring earnings, dividends or having an upcoming IPO. You can now know on Trove when any of these would be announced, only a click away.

Institutional & Fund Ownership : Does Warren Buffets Berkshire Hathaway own this stock? Get more insight into what stocks the biggest institutions and funds have in their portfolio

Earnings Chart : Did your favorite company miss their earnings projection? View every company's earnings vs what analysts predicted

Brand new ways of funding your wallet : You can now fund your Trove wallet using your USD Cards & also via Wire Transfer from a USD account.. And yes, you can also withdraw back to a USD bank account.

Deeper Portfolio Insight : Curious about how much your overall portfolio has grown or declined? How much have you made or lost ? Get more insight into the performance of your individual stocks and overall portfolio.

Additional Ways of securing your account : You can now set your fingerprint as a requirement for access to the app. For iOS users, the app now fully allows for Face ID & Touch ID on supported devices. To access this simply visit your account settings and select "App Lock"

And the additional update we spoke about.....

Cancel Pending Orders : You can now cancel your pending trades by visiting the "order history section"

Yes we said that.. no need for in-app messages asking us to cancel transactions.

Not a feature per say but we hope that makes life a little easier for everyone.

As always, we would love feedback on what next you want us to build or what you think would help move the needle for you.

We would be happy to hear them.

Also, if you have any questions on how any of the above features work, please reach out to us via the in-app chat.

Thanks for all your support. We do not take it for granted.

P.S - To access these features, you would have to update to the latest version of the Trove app. Please visit the Google Play or iOS App Store to update.

Impressive features tommieen. Great work Sir.

Please how long does it take from successful USD card funding to when the money becomes available for shares purchase?

@YerYer or any other person that uses eToro here, I honestly don't understand their app/website, is it only meant for trading because I cannot find the typical BUY/SELL options?

Thanks Tobex.

Typically, the funds become available for use on the next business day.

Tobex4realTobex234:
Impressive features tommieen. Great work Sir.

Please how long does it take from successful USD card funding to when the money becomes available for shares purchase?

BA on fire

Upcoming earnings for Tuesday

Tobex4realTobex234:
@YerYer or any other person that uses eToro here, I honestly don't understand their app/website, is it only meant for trading because I cannot find the typical BUY/SELL options?

Try out the virtual/demo portfolio to have a good grasp. Meanwhile click on the search icon, enter ticker and click on Trade. Select whichever is applicable BUY/SELL

You don't need TIN to register. Just type Not Legally Required. I have opened an account with them and it just took me a day. The problem is the depositing.
You need skrill and I don't know how to go about it.

NoTimeZone:
Can I as an individual register for the TIN? If so what are the criteria and documents needed? Will I get the number instantly and then collect the card on a later date?

SirSommy:
You don't need TIN to register. Just type Not Legally Required. I have opened an account with them and it just took me a day. The problem is the depositing.
You need skrill and I don't know how to go about it.

What ID did you use for verification?