You need to determine which investment platform to use when you are looking to invest in funds or stocks and shares. There are ranges of leading investment fund platforms to choose from, all of which provide something different in the way they manage costs and resources. Investment platforms are also referred to as fund supermarkets because they allow you to purchase a variety of goods from a variety of products (such as investment funds and shares), much like a conventional supermarket offers a variety of items.
The variety of available investments and the costs can vary from platform to platform. Some investing platforms also have a variety of tools to help you create model portfolios to better manage your investments easily.
Here are the top 5 investment platforms in Nigeria.
Cowrywise
Cowrywise is an investment platform that allows you to easily schedule, save, and invest money. You can build your savings and investment accounts, manage your money safely, and build a better financial future with direct access to the largest pool of mutual funds in Nigeria.
You can invest in any of their mutual funds that fit your financial objectives and risk appetite with the Cowrywise app. You would work with their knowledgeable advisors to help build your investment goals and find the best strategy for you. With their periodic savings plan and juicy interest rates, you can also start automatic savings with any amount per day, week, or month. Your assets are invested in a financial instrument with low risk and are held by Meristem Trustees Limited, registered with the Security and Exchange Commission (SEC). This means your money is professionally managed and secured.
Bamboo
Bamboo offers unlimited access, right from your cell phone or computer, to over 3,000 stocks listed on the Nigerian stock exchange and U.S. stock exchanges. You can enter Bamboo with only your BVN and contact information and start trading with zero paperwork from your mobile phone. You will begin to realize your dreams and income expectations whether you want to invest in business share and hold, or want to periodically liquidate your place to take advantage of the ups and downs of the market.
With as little as N15,000, you can start investing in any business you want. Bamboo users are able to own fractions of shares of various companies through many partnerships, offering users even more options for trading the stocks they want. The US stock market is one of the most exciting and probably the world’s biggest stock exchange markets. With over 3.6 billion shares traded daily, there are countless ways for you to make a profit from a range of stocks when buying or selling. Bamboo covers you by ensuring that up to $500,000 is covered by the SIPC and FINRA on all your trades and positions. Knowing that your money is secure, you can freely buy and sell US stocks.
PiggyVest
PiggyVest is West Africa’s first online ‘Savings & Investment’ application. Many investments are expensive, making it difficult to get started, you too can invest in tiny & cheap bits with PiggyVest and still enjoy the same return rates in great opportunities. To co-invest in secured fixed income portfolios and other awesome ventures, you can join other PiggyVest users.
You have full influence over the kind of investments you want to make. PiggyVest pre-vets all possibilities. From your PiggyVest dashboard, you can also easily monitor the progress of your investments. To keep your data secure, PiggyVest uses bank-level security measures.
I know you might have so many questions about Piggyvest. You can find the answers here
Crowdyvest
Crowdyvest, formerly known as Farmcrowdy is a platform that connects you to different sponsorship opportunities with higher returns. It is an impact-driven platform focused on connecting its members to multiple sponsorship opportunities that are safe, secure, and trusted. They are more focused on agricultural based investment unlike the others in this list.
Chaka
Chaka allows you to invest any amount of money regardless of the asset prices and global economy. You can also trade as low as N1,000 in local stocks. All in one spot, you get first-class access to stocks listed on the NG and US stock exchanges as well as multinational blue-chip corporations from more than 40 countries worldwide. With any amount of money, you can invest in any global stock, no matter the price per share, for example, you can own $10 of Amazon, even though 1 share costs thousands of dollars.
You can also deposit money in Dollars or Naira through your favourite channels including your bank cards, bank transfers, or pay through your domiciliary dollar account. Regardless of your investment experience level (Beginner or Pro), you would get the most recent news and educational content to guide your decision making on the platform.
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