Bamboo investment app review (Is Invest bamboo app legit?)
Table of Contents
Bamboo investment app review (Is Invest bamboo app legit?)
Read all about the Bamboo app in this bamboo investment app review.
In the past, buying stocks from foreign companies in the United states of America and China, was next to impossible, as it required an international broker, who usually charged a very high fee. To summarize, it was less than convenient.
These days, with the advent of stock investment apps, one is no longer limited by geographical location. You can now easily buy stocks from the comfort of your home, with the use of your smartphone.
Bamboo investment or invest bamboo is an investment app that gives Nigerians access to over 3,000 stocks on the US stock exchanges and Nigeria stock exchanges.o
Basically, when you download the bamboo app on your mobile phone, you can buy foreign stocks from companies like Tesla, Apple, Facebook etc. and also local stocks from companies like Zenith bank, GT bank etc.
The Bamboo investment app is one of the many stock trading apps in Nigeria that allows you to buy, hold or sell US & Nigerian stocks.
In this Bamboo investment app review, I am going to be writing about Invest bamboo under the following sub-topics “Is bamboo app legit?”, “How does the bamboo app work?”, “Features of the Bamboo investment app”, “How to buy shares/stocks on the bamboo app”, “How to withdraw funds from the bamboo investment app” and more.
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Let’s get into it then…
What are stocks?
A stock is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation’s assets and profits equal to how much stock they own.
Investing in stocks offers you some benefits like “earning on income through diversification”, “diversification of an investment portfolio” and “becoming a stake holder in foreign and global companies”.
What is Bamboo investment app?
Bamboo investment or invest bamboo is an investment app that gives Nigerians access to over 3,000 stocks on the US stock exchanges and Nigeria stock exchanges.
Basically, when you download the bamboo app on your mobile phone, you can buy foreign stocks from companies like Tesla, Apple, Facebook etc. and also local stocks from companies like Zenith bank, GT bank etc.
The Bamboo investment app is one of the many stock trading apps in Nigeria that allows you to buy, hold or sell US & Nigerian stocks.
The Bamboo app also provides a feature that allows anyone to gift stocks to another person, you can also diversify your investments on Bamboo by buying into a bundle of stocks (called an ETF).
How does the Bamboo app work?
Bamboo investment or invest bamboo is an investment app that gives Nigerians access to over 3,000 stocks on the US stock exchanges and Nigeria stock exchanges.
The Bamboo app works like your typical stock trading app:
- Download the app (either the android or the iOS) and install it.
- Launch the app and create an account.
- Verify your identity by inputting your BVN number on the app
- Explore and discover thousands of American and Nigerian stocks.
- Invest, by funding your naira & dollar accounts on the app to start buying and selling shares instantly in just a few taps.
- Track your investments on the bamboo app.
Features of the Bamboo investment app
- Platforms: Android and iOS
- Minimum investment amount: $20
- Required documentation: Government issued ID card and a utility bill ready, the documents will be an image. Some basic information like a verified email address, phone number and bank account.
- Payment options: Master card, VISA and verve cards issued by Nigerian banks, bank transfer.
- Holding period: As long as you like
- Investment monitoring: You can easily monitor all your investment from the app.
- Withdrawals: A withdraw order from the app will take 1-3 business days for it to reflect in your account.
- Security: Uses a state of the art bank level security features that include data encryption and two factor authentication (2FA).
- Commission: When you trade the stock market, Bamboo will charge a 1.5% commission. All associated charges will be displayed on the review order page before being asked to confirm the transaction.
How to start buying shares on the Bamboo app
To start buying shares/stocks on the bamboo app, follow the below:
- Download the app (either the android or the iOS) and install it.
- Create an account on the Bamboo app
- Fund your wallet. You can fund your wallet through flutterwave, Nigeria bank transfer, wire transfer and barter. The minimum amount you can fund is $20, it takes about 1 to 2 business for the funds to be deposited in the Bamboo.
- Buy stocks: After funding your account, you can then select the company you want to buy stocks from, select your funding option of choice, and input the details of your order, click on review order and then tap on buy.
How to withdraw on bamboo app
To withdraw on the Bamboo app, follow the below instructions:
- Tap on the withdraw button and then select the account option
- Supply the details required
- Click on withdraw
The minimum withdrawal is $500 for foreign securities and 300 naira for a naira account. The bamboo app charges a 45 naira fee for a naira account, while a $45 fee for a USD account.
Is Bamboo app legit/reliable?
Yes, Bamboo investment app is legit. Bamboo holds all its accounts at a top tier U.S brokerage firm, a member of the securities investor protection corporation (SIPC).
Bamboo is also registered with the SEC (the security and exchange commission) of both the United states & Nigeria. Each Bamboo account is insured up to $500,000.
Bamboo app Uses a state of the art bank level security features that include data encryption and two factor authentication (2FA).
Frequently asked questions (FAQs)
Who is the owner of the Bamboo app?
The Bamboo app was founded by Yanmo Omorogbe & Richmond Bassey.
Is Bamboo app legit?
Yes, Bamboo investment app is legit. Bamboo holds all its accounts at a top tier U.S brokerage firm, a member of the securities investor protection corporation (SIPC).
Bamboo is also registered with the SEC (the security and exchange commission) of both the United states & Nigeria. Each Bamboo account is insured up to $500,000.
Conclusion
Thank you for reading my Bamboo investment app review. If you have any comment or question, you can leave it below in the comment section.
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