Have you been thinking about the best investment platform to deal with in Nigeria? Are you an entrepreneur looking for an investment opportunity? Do you want to buy stocks from overseas but think it is very difficult or not possible? OR do you want to even become an international broker with ease?
If you have been ruminating on any of these questions above, then you might get an answer after going through this article.
This article provides a review of a great investment platform that allows Nigerian investors to buy stocks from other countries like China, the U.S.A, and more. To some, this article will serve as a guide through a great investment platform known as Trove.
What is Trove investment platform?
Trove is a unique Nigerian-based investment platform that permits Nigerians to build wealth via the stock exchange—buying and selling stocks or shares.
As an online platform, Trove allows you to invest in:
- Stocks
- Bonds
- Exchange-Traded Funds (ETFs)
—all from your mobile phone.
The company is officially recognized in Nigeria and abroad, with affiliations with notable international entities.
- US accounts: Held by DriveWealth LLC, a member of FINRA/SIPC with insurance protection up to $500,000.
- Nigerian accounts: Held by Sigma Securities, regulated by the Nigerian Stock Exchange and SEC.
- Asset Manager: ARM Investment Managers, based in Lagos.
- Payment Processors: Visa, Paystack, Verve, MasterCard, and 213 Capital.
Trove’s mobile app has a 4 out of 5 rating on the Google Play Store, with mostly positive reviews.
But, Is Trove Safe?
Yes. Trove uses 256-bit encryption and modern security tech to safeguard personal data.
Security partners include:
- DriveWealth LLC (U.S. accounts – regulated by FINRA/SIPC)
- Sigma Securities (Nigerian accounts – regulated by NSE & SEC)
With this structure, Trove is considered safe and trustworthy.
What are the features of the Trove platform?
Mobile Applications
Available on both Android and iOS.
Verification Procedures
Required documents:
- BVN
- Bank statement
- Government-issued ID + Utility bill
- Verified phone number and email
Low Investment Amount
You can start investing from as low as ₦1,000 or $10.
Multiple Payment Options
- Debit Cards (Verve, VISA, MasterCard)
- Direct Bank Transfer
Fees and Charges on Trove
Trove has two wallet/account types:
- Naira Wallet (for Nigerian stocks)
- Dollar Wallet (for foreign stocks)
Deposit Fee:
- 1.5% on deposits
- ₦100 added for transactions above ₦2,500
Naira Wallet Fees:
- SEC: 0.30%
- Brokerage: 1.35%
- Platform Fee: 0.5%
- Stamp Duty: 0.075%
- CSCS Trade Alert: ₦4.20
- VAT on commission: 5% of total fees
Dollar Wallet Fees:
- 1% of transaction amount (min $2.5)
Withdrawal Features
- Minimum withdrawal: $50 for foreign accounts
- You can withdraw uninvested funds directly from your wallet
- Withdrawals of sold stocks take 1–2 working days
- Dollar withdrawals may take up to 3 days
How Do I Start to Buy Shares on Trove?
- Sign up on the Trove website and Download the App
- Provide basic info: name, email, password, address, referral code
- Fill in investment profile:
- Risk tolerance
- Political exposure
- Source of funds
- Upload documents:
- ID, Utility Bill, Signature
- Selfie
- Provide additional info:
- Next of kin
- Occupation
- Bank account
- Submit and wait for 1–2 working days for approval
- Meanwhile, you can fund your wallet or try virtual trading
How Will I Fund My Trove Wallet?
You must fund your wallet before buying stocks.
- Naira Wallet – for local stocks
- Dollar Wallet – for foreign stocks
You can also add Naira cards and bank accounts for easier deposits. Account must be verified before trading.
How Do I Buy Shares with the Trove App?
After verification:
- Tap the + icon
- Go to “All Assets”
- Search for the stock (local or foreign)
- Local: e.g., Dangote, FCMB
- Foreign: e.g., Google, Tesla, Apple
- If market is open:
- Select Buy shares
- Input number of shares
- Proceed to payment
- Confirm the order
- Complete transaction
Conclusion
Trove is a solid investment platform, especially for Nigerians looking to invest in both local and global markets.
It supports small investment amounts, is safe, and offers a user-friendly mobile app. With its partnerships and regulated structure, Trove makes investing easier than ever.
Note: This article is not financial advice. Only invest what you can afford to lose.
