{"id":3138,"date":"2020-11-30T08:00:00","date_gmt":"2020-11-30T07:00:00","guid":{"rendered":"https:\/\/techsofar.com\/?p=3138"},"modified":"2020-11-29T20:33:00","modified_gmt":"2020-11-29T19:33:00","slug":"best-investment-platforms-in-nigeria","status":"publish","type":"post","link":"https:\/\/techsofar.com\/best-investment-platforms-in-nigeria\/","title":{"rendered":"10 Best Investment Platforms In Nigeria to Grow Your Money"},"content":{"rendered":"\n
In the past few years, there has been an upsurge in ordinary Nigerians investing online. This is partly due to the convenience of investing in online platforms and because of the promise of high interest. Unfortunately, many people have fallen into the hands of online scamming platforms that promise double and even triple return on investments.<\/p>\n\n\n\n
Many people can relate to the experience of MMM and its likes, where lots of people rushed in because of its high returns, without given much regard on how the platform is making money for itself.<\/p>\n\n\n\n
In reality, there is no genuine online investment platform that will give double or triple on your investment, no matter what they are into.<\/p>\n\n\n\n
However, currently there are lots of online investment platforms where you are sure of earning returns on your investments that is 10 or 20% higher than what you usually get from banks or conventional investment houses.<\/p>\n\n\n\n
These growing online investment platforms can afford to give higher interest rates because:<\/p>\n\n\n\n
They leverage on technology<\/li>
They have few manpower<\/li>
They don\u2019t need to have office building everywhere <\/li>
They spend less on operational cost and paper documentation<\/li><\/ol>\n\n\n\n
These online investments platforms are creating opportunities for medium and low income earners to invest on every aspect of business, from bonds, stocks to forex, agriculture, commodities, oil and gas, mutual funds, treasure bills and so on; making it possible for anyone to build a secure asset for the future.<\/p>\n\n\n\n
What are the best investment platforms to look consider in Nigeria?<\/h2>\n\n\n\n
Here’s a list of the top ten online investment platforms that gives high return on investment.<\/p>\n\n\n\n
1. Trove App<\/h3>\n\n\n\n<\/figure>\n\n\n\n
How would you like to own Chinese and US stocks? This app can help you do that. Of course I don\u2019t need to mention you can also use it to buy Nigerian stocks.<\/p>\n\n\n\n
The platform is solely owned by Trove Technologies Limited, but they partner with several top investment companies like ARM Investment Managers, who manages their portfolios, US \u2013 traded securities provides brokerage services and Sigma Securities Ltd, provides Nigeria account traded securities, amongst others.<\/p>\n\n\n\n
It is noteworthy that:<\/p>\n\n\n\n
Trove is however not a registered broker-dealer or investment adviser<\/li>
All investment on their platform is at the risk of the investor.<\/li><\/ul>\n\n\n\n
Kinds of investment Trove offers:<\/h4>\n\n\n\n
The platform offers a variety of global stocks, bonds and mutual funds numbering over 4,000. These assets are listed in US and Nigeria stock exchange. Some of which are Chinese companies like Alibaba, US companies like Netflix, Microsoft, Nigerian Jumia and Dangote Cement etc. There are also Indian and European companies. All listed on NSE, NASDAQ, NYSE and NSE.<\/p>\n\n\n\n
And with just N1,000 or $10 you can start trading on local or foreign assets and begin your investment journey into a wealthy future.<\/p>\n\n\n\n
Trove Features<\/h4>\n\n\n\n
You can link your debit card to the app and automate your investment<\/li>
You can invest in over 4,000 stocks (foreign and local)<\/li>
Your money is ensured<\/li>
You can own fractional shares of 0.0001% of any stock, thereby allowing you to build a diversified portfolio with smaller amounts of money<\/li>
They don\u2019t give dividend from fractional money or fractional shares that is very low<\/li>
They don\u2019t give investment advice<\/li>
Trove provides analyst reports and other information on stocks on their platform<\/li>
They charge various deposit and trading fees<\/li><\/ul>\n\n\n\n
If you want to learn how to trade on stocks, bonds and other securities yourself, Trove is a very good platform to start with as they offer you analyst tools to help you understand the market and a risk factor to enable you minimize your risk of losing money.<\/p>\n\n\n\n
2. Bamboo<\/h3>\n\n\n\n<\/figure>\n\n\n\n
This is another platform that allows you to invest in local and foreign stocks. Bamboo has been launched in Nigeria and it is well recognized as a secure and easy to use investment app.<\/p>\n\n\n\n
This platform offers the opportunity to fund your account in Naira or Dollars and start buying shares. There is also the option of buying into a bundle of stocks called ETF, to diversify your holdings.<\/p>\n\n\n\n
Client\u2019s accounts are protected by Nigeria and US Securities and Exchange Commission (SEC). Their US partner is a registered member of the US SIPC, which insures user\u2019s account up to $500,000.<\/p>\n\n\n\n
Invest Bamboo Features<\/h4>\n\n\n\n
The app has an intuitive design that is very ease for newbies<\/li>
You can get access to over 3000 US and Nigerian stocks<\/li>
They are protected by NG and US Sec<\/li>
Corporations and institutions can use them<\/li>
User\u2019s account is insured up to $500,000<\/li>
$20 is the minimum investment<\/li><\/ul>\n\n\n\n
3. Investment One<\/h3>\n\n\n\n<\/figure>\n\n\n\n
Investment One was formally GTB Asset Management Limited. They offer top investment and financial services to individuals, businesses, and institutions.<\/p>\n\n\n\n
Their financial products are as follows:<\/p>\n\n\n\n
I. Fund Management<\/h4>\n\n\n\n
They manage an array of investment products and mutual funds that are suitable for high net-worth individuals, retail investors and institutions.<\/p>\n\n\n\n
The funds are as follows:<\/p>\n\n\n\n
Abacus Money Market Fund:<\/strong> this fund is suitable for anyone who wants to safeguard their capital and gain quick returns. N1000 is the minimum subscription to this fund.<\/li>
Vantage Balanced Fund (VBFUND):<\/strong> the assets categories of this fund are Real Estate, Money Market, Equities and Fixed income. Anyone who wants to maintain a regular income by investing in a mixed mutual fund that offers maximum long term capital growth can go for this fund. N10,000 is the minimum subscription, but you can add investments in multiples of N1,000.<\/li>
Vantage Guaranteed Income Fund (VGIF<\/strong>): the aim of this money market fund is to supply a steady flow on guaranteed income. N50,000 is the minimum subscription, but you can add investment in multiples of N5,000. <\/li>
Vantage Equity Income Fund (VEIF): <\/strong>this equity fund is suitable for those looking for long term investment growth and a stream of income. What the fund invests in is high-quality equity which pay regular dividend. N50,000 is the minimum subscription and 180 days is the minimum holding period.<\/li>
Vantage Dollar Fund (VDF): <\/strong>this is for investor looking to invest in Nigerian Originated Dollar Denominated assets. It has a minimum of $1,000 one time investment. <\/li><\/ul>\n\n\n\n
II. StockBroking<\/h4>\n\n\n\n
Investment one is registered with The Nigerian Stock Exchange (NSE) as fixed income market maker and broker\/dealer.<\/p>\n\n\n\n
They carry out lots of services, some of which are:<\/p>\n\n\n\n
Share Registrations<\/li>
Transmission of Shares<\/li>
Dividend Management<\/li>
Purchase and sale of debit instruments issued by third-parties<\/li>
Central Securities Clearing System (CSCS) related issues and many more. <\/li><\/ul>\n\n\n\n
III. Pension Fund Management<\/h4>\n\n\n\n
Investment one is licensed by the National Pension Commission to provide pensions administration products such as:<\/p>\n\n\n\n
Employee in-house pension schemes<\/li>
Retirement savings account<\/li>
Voluntary contribution<\/li><\/ul>\n\n\n\n
IV. Trust Services<\/h4>\n\n\n\n
Investment one handles Estate planning and Trust services for its clients such as:<\/p>\n\n\n\n
Executorships services<\/li>
Trust protector services<\/li>
Escrow services<\/li>
Title custody services<\/li><\/ul>\n\n\n\n
V. Investment Banking Services<\/h4>\n\n\n\n
Investment one offers an innovative investment banking service suitable for investors seeking to invest capital to high-performance investment in Nigeria and Africa.<\/p>\n\n\n\n
These services include:<\/p>\n\n\n\n
Venture capital management<\/li>
Private banking<\/li>
Capital management<\/li><\/ul>\n\n\n\n
Features<\/strong><\/p>\n\n\n\n
Their investment rate varies depending on the kind of investment<\/li>
You can use USSD to access their service<\/li>
Their platform is easy to use<\/li>
The platform is run by a trusted and secure financial institution so you are sure of the security of your investment.<\/li><\/ul>\n\n\n\n
4. AXA Mansard Money Market<\/h3>\n\n\n\n<\/figure>\n\n\n\n
This platform is basically a pool of funds from investors with similar goals. Their combine investment is invested in high healing money marketing instruments and they give their customers competitive returns on investment.<\/p>\n\n\n\n
The instruments invested in are:<\/p>\n\n\n\n
Treasury bills<\/li>
Fixed deposits<\/li>
Commercial papers<\/li><\/ul>\n\n\n\n
Axa Mansard Money Market Features<\/h4>\n\n\n\n
It offers 3.08% per annum<\/li>
You can easily track your investment<\/li>
It offers refer bonus<\/li>
You can make transfer to their account using direct, online, POS and USSD<\/li>
Minimum investment amount of N2,000<\/li>
Minimum additional investment amount of N1,000<\/li>
You can liquidate your funds any time on any business day<\/li>
Minimum amount for Equity fund is N10,000<\/li><\/ul>\n\n\n\n
In order to register on this platform, you will need several documents such as government-issued identification, a current utility bill to confirm your address, signature, and passport photo. You can do the registration online or at any of their welcome centers.<\/p>\n\n\n\n
AXA Mansard mutual funds only allow Naira investment. However, if you want to invest in US Treasuries or Eurobonds, they accept the use of US Dollars.<\/p>\n\n\n\n
With this platform, you can start gaining interest on your funds within 24 hours of payment. If you wish to leave your funds long term like a year, you will receive dividends on your fund.<\/p>\n\n\n\n
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