best stock trading apps in Nigeria

Best Online Stock Trading Platforms in Nigeria

If you are in search of stocks to invest in, then the following best stock trading apps in Nigeria have been carefully reviewed so that you can make an informed decision on which one to settle for.

Stock trading in Nigeria has evolved from the traditional model where you would have to visit your stockbroker’s office, fill a mandate form, depending on whether you were buying or sell a stock, get your orders sent to the floor and wait for matching orders. Today, you can now save and trade stocks from the comfort of your home.

So, the under listed stock trading apps will give relevant details to investors about their platforms, trading tools available on them, market research analysis, and the quality of their customer service plan. However, they are reviewed in no particular order.

  1. Chaka

From the comfort of your mobile device, you can own top brands like Amazon, Tesla, Apple, Zenith bank, and many top brands around the world. The app allows you to buy from over top brands in over 40 countries around the world, earn dividends, and benefit whenever growth is experienced.

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
N1000 or $10 Exceptional and superb N100 $2

 

Other top features of the Chaka trading app are;

  • It allows both Naira and Dollar funding through channels like a direct transfer from the bank, bank cards, or through a domiciliary account.
  • It creates room for both beginners and professionals to get educational details before an informed decision is made.
  • Every trading done through this app is secure because it is offered through a licensed agent registered with the Nigerian Stock Exchange (NSE), and the Central Securities Clearing System (CSCS).
  • It is regulated by the Nigerian Securities and Exchange Commission (SEC).

2. Wealth.ng

This app is built with products like stocks, real estate, treasury bills, and in agriculture. This platform assists you to get shares and help you manage the dividends. However, the share you get will not have your name at the stock exchange, that is, your stock portfolios cannot be transferred but can only be liquidated.

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
None Great N500 None
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Features of the wealth.ng app;

  • It is designed with diverse investment and rewarding options with a good return across a wide range of assets.
  • The payment and withdrawal system is flexible, secure, and easy. Funding can be done directly from your card or bank account while returns are paid into your wealth.ng balance and afterward transferred into your bank account
  • It is built with great security features to ensure your details are protected and funds safe.
  • The investment on this platform is provided by Sankore Securities, and Sankore Securities is regulated by the Securities and Exchange Commission.

3. InvestNow

This is one of the best trading platforms in Nigeria. It helps to create and maintain your accounts at the United Capital Plc Group. The following are the account types available on the platform; treasury bills, mutual funds, Nigeria Eurobond fund, stock trading, and money market funds.

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
N50,000 or equivalent in stock Quick and responsive 1.35% 1.35%

 

The entire registration process is done online and does not require any paperwork. Other services rendered through the platform are; dividend management, transfer of share and management of other registrars issues, and share certificate management.

4. Meritrade

This product is owned by Meristem Securities. With this app, orders can be placed via the phone in seconds and trading carried out anywhere around the world. Its low opening balance is a major attracting factor for new investors. Also, its registration and account opening is entirely completed online.

They are a member of the Nigerian Stock Exchange and are licensed by the Securities and Exchange Commission.

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
N10,000 A good support service 1.35% 1.35%

 

Other features of the app are;

  • Through the app, investors can get the latest tips on investment, and stock recommendations.
  • Fingerprint authentication, therefore, secured access to your account
  • It allows for fund deposit and withdrawal
  • Also, the app affords investors direct access to real-time balances, stock quotes, equity trading, and many more.
  • The Meritrade app gives information on portfolio details and general market overview.

5. LeadTrader Mobile

This is a product of Lead Securities and Investment Limited (LSI), registered with the SEC and NSE, and established in 1987. The LeadTrader is ideal for active investors who have low cost as a priority.

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However, investors must note that the N50,000 opening balance is meant for those without a share certificate while it is N5,000 for those with a share certificate

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
N50,000 Average customer service plan 0.75% 0.75%

 

Features of the app are;

The app makes registration and account opening to be quick and easy, but note that registered customers of Lead Asset Management do not need to open an account again.

6. Afrinvestor

On Afrinvestor, investors can select from three categories of brokerage account to deal-in, they are; Afrinvest Groove account, Afrinvest Pop account, and the Afrinvest Classic account.

Afrinvestor is a product of Afrinvest Securities Limited, a subsidiary of Afrinvest West Africa Limited, and regulated by the SEC. also, a member of the Nigerian Stock Exchange.

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
None Good customer support service 1.35% 1.35%

 

Features of the Afrinvest app include;

  • Easy to navigate and user-friendly interface which makes transactions done seamlessly.
  • The app provides a guide for beginners, and expert investors before making decisions
  • There are regular news alert and updates
  • It offers direct and fast funding options like online banking platform, direct transfer or bank deposit, or using the *737*35*amount*9054# for investors that bank with GT bank
  • You can be sure of a safe and secure investment platform
  • Investors also get professional advice and other forms of consultations

7. Mytradebook

This is a product of Greenwich Securities and allows investors to buy and sell equities right from any location and on your mobile device.

Opening balance Quality of customer service Brokerage fees to buy and sell local stocks Brokerage fees to buy and sell global stocks
None Exceptional and superb

 

The following can be achieved with the Mytradebook app;

  • Easy management of portfolios
  • Set reminders on certain stocks
  • It allows for trading anywhere, and anytime.
  • Trading is fast, convenient, and secure through the app
  • It offers low transaction cost and about 50% discount on commissions
  • The app gives direct real-time quotes from the Nigerian Stock Exchange
  • The app allows for trading in products like equities, money market, debt securities, and mutual funds
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8. APT eTrade

The APT eTrade is a product of APT Securities and Funds Limited established in 1991 and registered with SEC and NSE. The app is convenient to use, secure, fast, and user-friendly. A minimum of N10,000 is mandatory to open a new account.

Other features of the APT eTrade app are;

  • Access to customers account balance
  • There is direct deposit to your trading account to buy stocks
  • The app can be used to manage portfolios using real-time market information
  • The app allows access to Equities, ETFs, and Bonds of NSE, AseM, NASD knowing who the top gainers are top losers, and complete daily price lists in real-time.
  • It provides current news on the stock market, global and financial news with those that are trending.

9. Bancorp Mobile

This is a fast trading app that offers secured and safe stock trading. It offers a minimum opening investment of N1,000. It is user-friendly and allows you to trade in stocks from the NSE/NASD.

The app offers portfolio management with live market data for an investor to make an informed decision. Through the app, one can obtain real-time bids, trades, and offers. It is designed with an integrated e-payment feature that helps to instantly fund your trading account.

Also, their customer support service is available 24/7 to attend to investor’s queries and other inquiries.

10. FBN Edge

This is a product of FBNQuest Asset Management. The FBN Edge app has made investing in mutual funds easily and also manages the progress of the investment.

The main features of the app are;

  • The app can be used to buy new funds
  • Through the app, investors can top-up their existing mutual fund and also redeem from their existing accounts
  • The app also allows investors to check balances in real-time and tracks transaction history.

Conclusion

With these reviews of the best stock trading apps in Nigeria, it clear that stock trading has now been made easy and could be done anywhere, anytime, and from the comfort of your mobile device. However, more still need to be done in ensuring that interactive charts and historical data are available for investors.

What do you think about this app?

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