Nowadays, investing has become easier than before with the numerous investment apps accessible on our mobile phones. No doubt, a great financial investment plays a significant role in securing your future, especially in Nigeria’s unsteady economy.
But the question lies in finding the best app to invest in. In this blog post, we will outline the top 5 apps to invest in local and foreign stocks in Nigeria.
Top 5 apps to invest in local and foreign stocks in Nigeria
PiggVest
The first on our list of top 5 apps to invest in local and foreign stocks in Nigeria is the biggest. This investment app is one of the best-known savings and investment platforms among Nigerians. It has the following features:
- Fixed savings
- Flex Naira
- Target saving
The flex Naira feature allows you to easily withdraw your savings when you need it. Also, if you invest in its partner business you stand the chance to earn interest. More interestingly, the biggest offers a high interest rate of 10% for savings.
Cowrywise
Next up is Cowrywise, another widely adopted investment app for Nigerians. With Cowrywise you can save as you invest. It is a good place if you know nothing about investments, as it offers a safe place to learn about how investments work.
After registering on the app as a user, you get access to its fixed saving plan which offers an interest of 12% per year. Cowrywise is for you if you want to take moderate steps towards investments without risking much.
Bankly
Bankly is more than a savings app - it’s a comprehensive investment platform. With the Bankly investor, you can earn up to 35% on your first investment.
Whether you’re looking for a long-term investment plan or would rather go for short-term options, Bankly has your back.
With Bankly, you can:
- Liquidate your investment when it’s mature
- Lock funds up to 90 days and earn interests
- Combine its savings feature and financial tracking tools to track your progress, handle bills, and even make transfers.
Risevest
Unlike the others, Risevest is not just for Nigerians as it focuses on the global community. As a user, you can invest in US stock, fixed-income assets, and even real estate.
One outstanding feature of Risevest is that you get to invest in dollars. This feature alone helps you combine the depreciating Naira value. This investment app focuses solely on users looking to invest largely internationally.
However, it doesn’t have many features for local savings, and its interest is dependent on the market performance.
Bamboo
Similar to Risevest, Bamboo is one of the top apps to invest in, especially in foreign stocks. If you are interested in global investment, then this app is for you.
Here, you get the opportunity to buy ETFs and US stocks in dollars.
What’s more? It has a simple user interface that allows you to easily navigate its features and offers fractional investing. It also ensures safety with encryption safeguards and KYC compliance at all times.
Conclusions
It’s never too late to invest, and now it’s the best time to start. With our top 5 investment apps to invest in local and foreign stocks in Nigeria, you are ready to begin your savings and investment journey.