Are you looking for investment platforms in Nigeria? Are you worried about the high risk of fraud? Well, worry no longer because here is a list of 10 best investment platforms in Nigeria.
Investment platforms are sites where investors can pool their funds together to invest into various assets. They usually offer fixed returns or interest rates, as well as other incentives. If you are looking for the best investment platform in Nigeria then this post will help you with that.
Table Of Contents
- What is an Investment Platform?
- 5 Things To Consider When Choosing An Investment Platform
- 20 Best Investment Platforms In Nigeria With High Interest
What is an Investment Platform?
An investment platform is basically a site where people can deposit money and start investing on different projects. The idea is to create value by getting more people involved. This means that they need to get the investor’s attention so that they can be successful.
The most common type of investments include real estate, stocks, personal loans, business opportunities and many others. These are all types of investment options that you can make through an investment platform.
5 Things To Consider When Choosing An Investment Platform
There are many platforms out there where investors can invest their money. Some offer more features than others, but all have one thing in common: they allow you to invest your money and make profits. However, with so many options available, choosing the right platform can be difficult. Here are five things to consider when choosing an investment platform.
This is probably the first thing you should look at. Do they have any complaints against them? Have they been around long enough to gain experience? Is it reputable?
How much does it cost to earn interest? What are their fees? Are there hidden fees? Is there a minimum amount that you need to deposit? Is there anything special that you need to do before depositing money? You may want to choose an investment platform that charges low fees and makes it easy for you to invest.
How safe is their system? How would I know if my money has been lost? Make sure that you check how secure the security is. Also, make sure that you know who owns the website. There are some websites that claim to be owned by large companies, yet when you go to verify the ownership, you find that they are actually just another scammer.
4. Customer Service
Do they have customer service? Can you contact someone whenever you need help? If not, what happens if something goes wrong? It is important to ensure that there is good customer care while selecting an investment platform.
Is the return rate high enough? How fast do they pay back your money? This is very important because you don’t want to lose your money. You also want to see how reliable they are. So, choose carefully!
20 Best Investment Platforms In Nigeria With High Interest
Cowrywise is an investment platform that offers investors the chance to invest in mutual funds. It lets you earn interest in your investments. There are different types of mutual funds available including equity, fixed income, commodities, etc. The minimum investment is 1,000 naira.
Cowrywise is a wealth managing app, licensed by the Security Exchange Commission (SEC), that enables you to plan and save money easily. You can build your savings and invest in a portfolio, manage your money securely and build a better financial future.
The platform allows you to save for your long term goals with a minimum period. You can also automate it on a daily, weekly, and monthly basis. You also get to choose the category your plan falls under – education, vacations, business, retirement. However, you can only withdraw or rollover the plan after the maturity date. You can invest as long as you want, but the interest rates are calculated annually.
PiggyVest is an online savings platform designed to help users better handle their finances. It allows for flexible savings as users can choose daily, weekly, or monthy. Users can save towards goals
This platform offers users up to four free-of-cost withdrawals annually, which is set as last day of each quarter. You can choose your own free withdrawal date. Outside these 4 days withdrawals attract a 5% penalty charge. Savings interest rate is charged at 10%. Investments include savings, mutual funds, etc.
Piggyvest requires no deposits or monthly fees, and is very trustworthy. The interface of the website and mobile application are easy to use. Saving with Piggy Vests is not just safe and secured, but it also disciplines users by giving an option of releasing funds after a designated period.
The platform target feature helps individuals save money towards specific goals. These goals include things like house rent, school fee, or even retirement. Group saving allows more than one person to contribute towards a single goal. Each individual contributes according to their frequency. Individuals can see how much money they’ve saved overall.
Carbon is an online platform for financial products including loans, savings, and investments. They offer different types of loans such as personal loans, car loans, student loans, business loans, etc. Their interest rates are very high compared to other banks. They also provide a variety of ways to invest your money.
You can choose to invest in stocks, bonds, mutual funds, or commodities.To invest with Carbon, first select a Plan, then enter the amount you want to invest, the length of time you want your investment to be active, and finance with a Bank Account or Card. Your money is secure as Carbon invests with a licensed and regulated company. You have the flexibility to invest three, six or twelve months at a rate of 16%.
Carbon wants to help people who are looking for ways to invest their money. It helps you unlock the power of money by helping you create a better financial future. By helping them build their wealth through investing in things that earn a good return on investment.
RiseVest is a company that invests in real estate, fixed income, stocks, commodities and other financial instruments. They offer a platform that allows investors to buy and sell these assets. Investors can choose to invest in any of these products.You can also use their app for setting your financial goals.
You must have at least $10 to start investing. After that, you choose a plan, and set a duration. Your account is protected by the same security technology used by banks.
RiseVest helps people to invest in American stock markets or real estate. The company also provides financial advice for your long-term investments.
Trove is an online platform that allows people to invest in both local and international stocks. Users can purchase shares of stock using either Naira or Dollars.To get started with Trove you need $10 in your brokerage account. You can invest as much as you want into each stock. Trove holds them safely for you.
All Trove investments are managed by Sigma Securities Ltd and ARM Securities Ltd, both of which hold licenses from the SEC.
Trove is an app that helps investors make better decisions about their investments. With this app, you get information on what companies to invest in based on their financial performance, analyst opinions and other factors.
Trove is a secure and legit investment platform in Africa that uses a 256-bit encryption system and stores data using cutting edge technology.
Koalapay is an online payment system that allows you to save money towards goals over a period of time. You can also share your savings with friends and family. Interest rates vary depending on the amount saved. Withdrawals must be made by the end of the term.
Kolopay gives their customers a 6% annual interest rate on each target amount. Users can choose a savings plan. Savings plans include daily, weekly, and monthly. Money saved can be used to buy products online.
7. Alat By Wema
ALAT is a Nigerian bank that offers interest rates. Their savings interest is 10% per annum. Users can access their accounts anywhere in the world using an internet connection. ALAT’s debit cards are delivered to customers’ addresses.
ALAT is powered by WemaBank and is Nigeria’s first digital bank designed to demystify banking services and make them accessible to all. You can open an account and automatically save money using your mobile phone.
ALAT is a fully digital banking system designed by Wema Bank to help people save more money with specific interest rates. ALAT.NG allows users to make deposits into savings accounts automatically and then earn interest while saving.
The Accrue app allows you to invest in stocks, cryptos and dollars all from the same place. This makes investing easier and more convenient. With the Accrue app, you can also use dollar cost averaging to spread risk and reduce price volatility on your investments, making them less risky.
With Accrue, you can invest in over a hundred different assets including stocks, crypto, and US dollars. You can choose to invest daily, weekly, biweekly or monthly.
Bamboo is an excellent investment company that offers unrestricted access to over 3,000 stocks listed on the US stock exchange. You can fund your bamboo account with naira or dollars wallet and begin investing almost immediately without wasting time. You can also diversify your investments by buying bundles of stocks called ETFs.To start off with Bamboo Investment, you need at least $20 or its equivalent in naira.
You should also know that if you use Naira payment option when depositing, you can only withdraw back to an Naira account. If you use a US dollar payment option, you can withdraw to a US Dollar account. They accept both Mastercard and Visa credit cards as well as bank transfers.
Bamboo App has an intuitive interface with built-in technology to help you track your portfolio performance. With the Bamboo App, you can easily track returns on investments and purchase new ones. All accounts are insured up to $500,000 by the Federal Deposit Insurance Corporation (FDIC).
Bamboo is a great investment platform that deals with investments in foreign stocks, and is run by two Nigerians. You can make money investing in some companies like GT Bank, Tesla, Google, Unilever, Zenith, Intel, Paypal, Apple, Facebook and so on.
10. . I-invest
I-Invest is an online broker offering treasury bills as investments. The platform helps both experienced and inexperienced investors match their investing maturity to their needs. To get started with the app you must first register with a valid means of ID, utility bill and choose from a list of available securities to invest. A minimum of 100k naira is required to start investing in a portfolio of your choosing.
Investors can use I-Invest to buy bonds and stocks on the Nigerian stock exchange. I-Invest also lets them invest in treasury bills and eurobonds. This app is available to download for free on both iOS and Android devices.
All these platforms have been chosen because they offer high interest rates, easy access and convenience. There are many other options out there but we narrowed it down to 10 best investment apps in Nigeria. We hope this article will give you enough information about the best investment platforms in Nigeria with high interest.
We would love to hear what you think about our top ten list. Please leave us a comment below.