Invest Bamboo App Review 2023: Can I Buy & Sell Stocks

Today we are going to look out the possibilities for us to Buy, Hold and sell stocks listed on the U.S. Stock Market right in Nigeria with the aid of the invest bamboo app installed in our smartphone.

So, in this my Bamboo investment app review, I am going to show you how the bamboo investment app works.

What is Bamboo App?

Invest Bamboo app is a fantastic app that lets you buy over 3,000 stocks listed in the U.S stock exchange and Nigeria Stock exchange through an app.

So, if you have ever dreamt of investing with some of the top companies of the United States such as.

• Amazon
• Walmart
• Microsoft
• Telsa
• Apple
• Facebook and more of them.

Then you might want to download the invest bamboo app and start buying & selling shares with ease.

How Does the Bamboo App Works.

In a nutshell, with the investment bamboo app, Nigerian’s can buy, hold, and sell American and Nigerian stocks.

There are also other mind-blowing features of the bamboo app like you being able to diversify your investment, gift stock to other investors and as well watch the rise and fall of shares in real-time.

How true can this be?

This was made possible because the invest bamboo app partners with:

• Drivewealth: A U.S based leader in global digital trading technology.
• Lambeth capital: A Nigerian stockbroking firm duly registered with the Security and Exchange Commission (SEC), and
• Flutterwave: One of Africa’s largest online payment platform.

Here’s how the invest bamboo app works in short:

• Sign Up by downloading the app and creating your account on Bamboo
• 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 so you can make adjustments to your investment portfolio.

Who are the Founders of Bamboo App

Bamboo was founded by Yanmo Omorogbe who also serves as the company’s Director of growth, and Richmond Bassey, who also serves as CEO.

Bassey describes Bamboo as being:

On a mission to even out the playing field for access to global investment opportunities for everyday Nigerians

He continues, 

We believe everyday Nigerians that want to grow their personal wealth long-term and take part in the global markets should have an investment platform they can trust enough to do so

Richmond Bassey

Is Bamboo App Legit and Secured

Bamboo uses bank-level security including Two-Factor (2FA) Authentication and all accounts are held at a top-tier local and U.S. brokerage firm; which, as a member of the Securities Investor Protection Corporation (SIPC), insures each Bamboo account up to $500,000

Product Features of the Bamboo App

• Platforms: Android, iOS
• Minimum deposit amount: $20.
• Required Documentation: Government Issued ID and a Utility Bill ready. The documents will be an image, not an actual physical copy.
• Some basic information like (Verified Email Address, Verified Phone Number, Bank Account Information).
• Payment Options: Mastercard, VISA, and Verve cards issued by Nigerian Banks. Bank Transfer.
• Holding period: As long as you like.
• Investment monitoring: You can track returns on investments purchased through the Bamboo app.
• Withdrawals: A withdrawal order from the app will take between 1 to 2-3business days for your funds to settle in your account.
• Security: Bamboo uses state-of-the-art bank-level security, data encryption, and two-factor authentication (2FA) protection on all accounts. All accounts are held at a top-tier local and U.S. brokerage firm; which, as a member of the Securities Investor Protection Corporation (SIPC), insures each Bamboo account up to $500,000

What Next After Sign-up

Have you signed up to Bamboo and found yourself a little lost?

Believe it or not, that is a healthy sign and we are here to help guide you through the haze. The first thing you want to do after you have signed up is to fund your wallet. Bamboo allows you to fund your wallet with as low as $20.

There are a number of ways you can do this on Bamboo and all of them are easy. To get you started, we have created a step-by-step guide on how to fund your wallet and you can read that here.​

After funding your wallet the next thing to do is to start trading stocks. For legal reasons Bamboo does not give stock recommendations or advice, so we cannot tell you what stocks to buy or sell.

However, we have equipped the app with a lot of resources so you can get into the thick of things with confidence. One way to start trading is by creating a list of publicly traded companies you like or hear about in the news often.

You can check how the stocks have performed by going to the stock information pages on the Bamboo app. To go to a stock information page, just tap the stock you are interested in.

It is good to know as much information as you can about a company before you purchase stock so you can also read about the company in the news section of the Bamboo app or via your preferred business news platform.

As soon as you feel confident about the stock you can purchase it on the Bamboo app from the money you have deposited in your wallet.

That is all there is to it. Pretty simple right? ​​If we were unable to answer your question, you can message us directly from your app and we will be excited to help.

How To fund Your Invest Bamboo App Wallet

Bamboo’s funding process is powered by Flutterwave. Flutterwave provides you with a broad range of options to fund your Bamboo wallet. These options include: NGN OR USD Card

• Flutterwave accepts all Mastercard, VISA, and Verve cards as well as your American Express and Discover cards.
• It usually takes 1-2 business days for funds to settle into your Bamboo Wallet when funding using this option. All funds will be settled before the close of the U.S. Stock Market at the end of the business day.

NGN Bank Transfer

• You can transfer to us from your Naira bank account
• It usually takes 1-2 business days for funds to settle into your Bamboo Wallet when funding using this option.

Wire Transfer

• You can wire transfer funds directly to our US bank account or our USD Domiciliary account and email support with the transfer note.
• Our Bank Account details are displayed when this option is selected.
• It could take 2-3 business days for your wallet to be funded.

Pay with Barter

• Users with a Flutterwave Barter account can also fund their wallets using this option.

To access any of these payment options:

• Tap the Account icon in the bottom right corner of your IOS or Android App.
• Tap Deposit Money. For Web, you will find the deposit Money button right underneath your portfolio balance.

• Enter the deposit amount you want to fund with, there is a $20 minimum for every funding activity. You can fund your account up to 10 million Naira on Naira channels and $5,000 on the USD card channel. (Your bank limits also apply) Wire transfers have no limit except any imposed by your bank.

• Choose your preferred funding option and follow the on-screen instructions.

Please note:

If you deposit from a Naira payment option, you can only withdraw to a Naira account.

If you deposit from a USD payment option, you can only withdraw to a USD account.

If you make deposits from both payment options, the percentage of deposits from one channel is the percentage of withdrawals that can be made to that same channel.

For instance, If 20% of your deposits are from the USD Debit/Credit card option on the app, then 20% of withdrawals will also be to a USD account.​

Withdrawals to a Naira account have a 45 Naira fee. Withdrawals to a USD account have a $45 fee.

The minimum withdrawal amount to a Naira account is ₦300. The minimum withdrawal amount to a USD account is $500.

How much does Bamboo charge?

Bamboo charge a 1.5% commission when you trade the U.S Market. Bamboo always displays all associated fees for every transaction on the review order page before you confirm.

Feel free to check full details on investbamboo.com/legal. Have more questions? Email their support@investbamboo.com

How to Buy Stock in Invest Bamboo

• Navigate to the stock’s Detail page
• Tap Buy
• Select your preferred buy option
• Input your order details
• Tap Review Order
• Tap Buy
• The market data displayed in this demo is not real-time

How do I withdraw my money back into my account?

• Click the withdraw button.
• Select the account option.
• Fill in the necessary details. Please note that Bamboo only allows withdrawals into accounts in your name.
• Tap withdraw.
• The money will be credited to your account within 2-3 business days.

If you deposited from a Naira payment option, you can only withdraw to a Naira account.

If you deposited from a USD payment option, you can only withdraw to a USD account.

If you have made deposits from both payment options, the percentage of deposits from one channel is the percentage of withdrawals that can be made to that same channel.

E.g. If 20% of your deposits are from the USD Debit/Credit card option on the app, then 20% of withdrawals will also be to a USD account.

​Withdrawals to a Naira account have a 45 Naira fee. Withdrawals to a USD account have a $45 fee.

The minimum withdrawal amount to a Naira account is ₦300. The minimum withdrawal amount to a USD account is $500.

Conclusion

If you have ever wanted to buy/sell stocks without bogging yourself with the requirements of the Nigerian stock exchange.

Then you might want to download the invest Bamboo app and get access to thousands of foreign stocks.