Investing in foreign stocks as a Nigerian is a luxury of wealth creation that has been reserved for the privileged opportune to own foreign documentation and credentials. With the advent of technology, it is now possible to invest in foreign stocks from the comfort of your room in downtown Ikorodu, Lagos in Nigeria.
The foreign stock market can in no way be compared to the local stock market we have in Nigeria. In this post, I will share with you the top 5 applications you need to invest in foreign stocks from Nigeria and play within the big leagues.
Invest Bamboo
Invest Bamboo gives unrestricted access to over 3,000 stocks listed on the U.S. stock exchange, right from your mobile phone or computer and I’ve personally been using them for over a year.
Bamboo is a Nigeria-based fintech company in partnership with DriveWealth to provide access to Foreign stocks including NYSE, NASDAQ, LSE with plans to include options from the NSE.
With as little as $20 dollars, you can own stocks in Apple, Alphabet (Google), Netflix, and even Manchester United.
You can follow the link here to create an account for free.
Trading212
Trading212 provides commission-free investing for everyone. Based in the United Kingdom. Trading212 offers a Financial Conduct Authority regulated service, allowing users to fund and invest in fractional shares with as low as $1.
Unlike Invest Bamboo, Trading212 offers access to over 7000 foreign stocks include companies from Canada, Asia, China, Germany, and many others.
I started investing through Trading212 over 10 months ago and I can confidently say I’ve never had a bad experience with them. You can read through this guest post I wrote on a friend’s blog here and signup for a free account here.
Trading View
Trading View offers detailed access to stock charts, news, and updates. With several tools to plot graphs, technical analysis, and monitor the movements of the stock prices of companies you are invested in.
Trading View is specifically useful to traders who need to stay updated on the movement of prices to make better trading decisions.
With a feature to link your trading broker to their API, Trading View provides an intuitive report of your trades.
Investopedia
Investopedia provides investment dictionaries, advice, reviews, ratings, and comparisons of financial products such as securities accounts.
No one is an island of knowledge. And even the most experienced investor/trader you know still Googles a lot of things and this is one of the features Investopedia offers.
There’s nothing we want to learn about any investment that has not been covered by Investopedia. And in an ‘Investment for Dummies’ format.
Investopedia also offers a Market Simulator feature, that allows you to test out your investing prowess in a controlled and risk-free environment.
Yahoo Finance
Yahoo Finance is like Trading View but more like Trading View Pro Max. Offering everything Trading View has and more. Yahoo finance is my first stop every morning even before checking my other investing applications.
Currently supporting most brokers, Yahoo Finance allows you to link your brokerage accounts to them. It also provides you with pieces of information tailored to your investments.
With Yahoo Finance, you can also create several portfolios to monitor your investments across several portfolios.
Conclusion
There’s literally no excuse as to why you cannot create generational wealth again as a Nigerian. Our world is literally at the tips of our fingers and it’s left to us to harness the opportunities provided.
You can always reach out to me via Twitter if you ever want to discuss anything about stocks and investing in general.
