Based on research and not influenced
This is based on rigorous research, testing and not influenced by our earning potentials.

Bamboo Review: best for your Investment?

Bamboo is an investment platform that gives you the opportunity to build wealth through several investment products.

Over the years, people have been finding it difficult to save money or invest their funds mostly due to the inability to keep up with it.

Saving funds can be quite tasking as most do not know the adequate platform that exposes them to opportunities that could make it easier for them.

Bamboo is one of the leading digital investment platforms that ensure great discipline when it comes to investing in the global markets.

Bamboo

Bamboo

Minimum

$10

Rating

Bamboo is an online trading and investment platform with over 3000 stocks to invest in. These securities include the ones listed on the Nigerian Stock Exchange as well as the U.S stock market.

You can begin your stock trading journey with as little as $10. It is also important to know that the more you invest, the more returns or risk you should expect. You should always seek the advice of experts before investing.

Prior to becoming a full-time Bamboo user, you are required to provide some documents that include a digital copy of your Government-issued identification card, a utility bill, phone number, and bank account information. All of these will help ensure the app has your correct details, these are requirements for your Bamboo account.

PROS

  • Bamboo is a digital investment app that can help you to build and create a wealth of your own.
  • It offers several investment opportunities for individuals.
  • It is very easy to get and convenient to navigate through.
  • In addition to investment and trading, you can also monitor and track your returns on investment.
  • Bamboo helps you in reaching your financial breakthrough through serious dedication and investment discipline.

 

CONS

  • Bamboo allows a minimum deposit of $10 this might be too much for some people.
  • Bamboo does not have experts on the application who will help to handle your investment decisions.
  • You need to take moderate risk management while trading.

 

HOW TO GET THE BAMBOO APP

It is easy to have it installed on your phone and ready for use.

All you need to do is go to your phone’s Playstore or AppStore for Android and Apple mobile devices respectively. Search for Bamboo, download, install it and create your account.

You will be required to fill in some necessary and basic information including your bank verification number. It takes less than 5 minutes to complete registration and you can have access to thousands of securities to invest in.

You can decide to invest by funding your naira or dollar account. After this, you are eligible to purchase or sell shares.

 

FEATURES OF BAMBOO

You can decide not to trade but hold on to your shares or securities for as long as you like. Thereby, it serves as a long-term investment if you hold it for a long period.

As a Bamboo user, you can decide to pay or make transactions using your MasterCard, make a bank transfer, or use your Nigerian-issued Verve cards.

Another great feature is you can basically monitor and track your returns on investment through the Bamboo application.

Once you place a withdrawal request on the platform, it takes about 1-3 business days to get your request settled and processed to your account.

Every account in Bamboo is held with a U.S brokerage firm. This firm ensures the accounts are properly insured for up to $500,000.

You can gift someone else a stock from Bamboo even if the person has not purchased stocks of their own.

Bamboo FAQs

WHAT IS BAMBOO INVESTMENT ALL ABOUT?

Bamboo is a digital platform where individuals are exposed to over 3,000 stocks and securities listed on the Nigerian Stock Exchange and US Stock Exchange to trade on or invest in.

It offers so many opportunities for Nigerians regarding investment opportunities, hence, the increasing creation of wealth.

WHAT IS THE MINIMUM YOU CAN INVEST IN BAMBOO?

The minimum amount acceptable for investment in Bamboo is $10.

IS BAMBOO REGISTERED WITH SECURITIES EXCHANGE COMMISSION (SEC)?

Yes. It partners with a  firm duly registered under the Nigerian SEC which in turn, provides adequate security to the accounts managed by this platform.

In addition to partnering with companies that are registered under the Nigerian Stock Exchange Commission, the accounts are also held by a top-tier US Brokerage firm with which it partners, in the United States. This is firm is a member of the United States  Securities Investment  Protection Corporation (SIPC).

HOW DO I SELL STOCKS ON BAMBOO?

To sell stocks from your investment account, you need to:

  • Go to your home page or dashboard. Navigate towards the ‘my stock’ section and click on the ‘show more’ option to check out all your stocks.
  • Select the stock you want to sell. It will take you to the Stock’s information page.
  • Click on Sell
  • Select your preferred sell option
  • Put in your sell details as requested
  • Tap the ‘review order’  to be sure of your details
  • Tap sell.
HOW DO I GET/WITHDRAW MY MONEY FROM THE BAMBOO APP?

This is easy to do. Withdrawals from the account do not take much time. Following these steps:

  • Go to your profile page on the App
  • Tap on the withdrawals tab to begin the process
  • Click on your preferred withdrawal method
  • Continue by completing the required details. It only allows withdrawals to be made into accounts in your name and will not honour any withdrawal request that is not in your registered name.
  • Tap on the withdraw button to submit the request
HOW MUCH IS THE MINIMUM WITHDRAWAL I CAN MAKE FROM MY BAMBOO WALLET TO MY BANK ACCOUNT?

If you deposited funds using a naira payment option, your payments are only made into a naira account while if you deposited from a dollar payment option, you only receive funds into your dollar account. The minimum amount you can withdraw into your dollar account is $500 and this attracts a  withdrawal fee of  $45.

HOW CAN I CONTACT BAMBOO?

You can contact them by directly reaching out to their customer service team on the platform or by directly visiting any of their branches at Plot 1, Block 22 Babatunde Anjouse avenue Lekki Lagos, Nigeria or 981 Mission Street number 10, San Francisco, CA 94103.

DOES BAMBOO WORK WITH CRYPTO?

Yes. It works with crypto because it allows you to select a mix of Bitcoins, Ethereum, Gold, etc. into your portfolio. If you own Self-managed funds, it is possible to invest in to cryptocurrency from your mobile app. Additionally, it automatically invests your funds once it hits a $50 target.

ARE THE BAMBOO ACCOUNTS INSURED?

Yes, the accounts are all insured by the Securities Investment Protection Corporation (SIPC) for up to $500,000. The wallet balances are also insured by the Federal Deposit Insurance Corporation (FDIC).

 

The Bamboo platform is one of the well-known in terms of digital companies that can allow you to invest in stocks, both in Nigeria and globally.

However, it requires a lot of practice to trade on the platform because stocks, crypto, shares, and other related investment products sometimes have a high level of fluctuations which might cause a loss of funds but with proper information on your investment and proper risk management, you can achieve all your investment and trading goals.

Halimah Idris
You are the first in our research hence, we rallies around doing rigorous checks, testing and analysis to help you make a good decision on products and services. Meanwhile, items providers' final views are superior to ours.
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