Buy and sell thousands of US Stocks and Cryptocurrencies
in one app

Nigerians using a laptop to trade on Passfolio.Nigerians using the passfolio app on their laptop.
BrokerCheck logo.
TRUSTED WITH OVER
$100M IN ASSETS
OVER $500M IN
ORDERS COMPLETED
Over 180k USERS
IN 170 COUNTRIES
Apple App store logo.
Google logo.
BrokerCheck logo.
TRUSTED WITH OVER
$130M IN ASSETS
OVER $500M IN
ORDERS COMPLETED
Over 180k USERS
IN 170 COUNTRIES
Apple App store logo.
Google logo.

The best online brokers for beginners in Nigeria in 2021

According to Brokerchooser.com survey in 2021, Passfolio was rated the best broker for beginners in Nigeria for having free US stocks and ETF trading, a great mobile platform and fast digital account opening.
Broker chooser illustration.

Why choose Passfolio over other brokers in Nigeria?

Transparent NGN <> USD rates when depositing and withdrawing:

We make sure you know all fees at every stage of your investing journey. No need to second-guess.

Zero commission fees on most stock trades:

We only charge a small $0.02/share fee on stocks worth less than $5.

We know every dollar counts:

That's why we make sure to charge you as little as possible for your investments.

Passfolio app illustration.Deposit naira and trade in dollars on Passfolio.

Trading fee

Offers stocks & crypto

Passfolio
0%*
Invest Bamboo
1.5%
Chaka
Up to 1.5%
Trove
1%

Trading fee

Offers stocks & crypto

Passfolio
0%*
Invest Bamboo
1.5%
Chaka
Up to 1.5%
Trove
1%
*(Other fees may apply. Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.)

Still don't believe us? Compare for yourself below.

How you can save N10,855 after just one trade with Passfolio

Here is what it looks like when you are trading with Passfolio vs. Bamboo in Nigeria
Flowchart Illustration.
Passfolio logo.
Bamboo logo.
₦579,000
Starting Value
$991.55
Dollar Credit
$991.55
Passfolio Offers Free Stock Trades
₦563,150.4
You Saved ₦10,855
Starting Value
2. Deposit Conversion
3.  After First Stock Buy/Sell Order
4. Withdrawal
flowchart
₦579,000
Starting Value
$1002.19
Dollar Credit
$972.35
Fees Charged in Stock Trades
₦552,295.11
You Lost ₦10,855
Selecting your broker is an important process with a lot of variables included. Not accounting for every step of the way might end up costing you a lot, even though at first glance it might look cheaper.
The fees are based on the instant deposits method. The spread markup is an estimate that was calculated on 3 February 2022. It is the difference between the estimated starting value and withdrawal not considering asset value appreciation/depreciation. The content in this chart is for general information only and is believed to be accurate as of posting date but may be subject to change.

Think long term. Think Big. Pay Less. Save More with Passfolio!

Discover over
6,000 stocks, cryptocurrencies, ETFs and REITs in one app

mobile passfolio stocks.
Passfolio app illustration.
Passfolio app installed on mobile phones.

We help you take that first step

Access to US investments
Commission- free stock trades ⓘ
Securities less than $5 cost $0.02/share.
Please see our disclosures on other charges.
Trade flexibility
Real-time stock prices
ⓘ Disclosure
Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC.
Local deposit methods
Seamless US Dollar conversion
Over 30 cryptocurrencies available
Multilingual support
ⓘ Disclosure
Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN.
Access to US investments
Local deposit methods
Commission- free stock trades
Trade flexibility
Real-time stock prices
Seamless US Dollar conversion
Over 70 cryptocurrencies available
Fast support

NEW FEATURE

You don’t need
to be an expert

Smart Portfolio
Passfolio’s Robo Advisor makes it easier to invest like an expert. You tell us your investment goals and we recommend and manage your portfolio for you.
Passfolio's Robo Advisor makes it easier to invest like an expert.
Passfolio Telegram Trading Group.

Engage with
the community

Join our telegram group
Learn with others and help us build the best cross-border investment solution out there. We count on your feedback and ideas to take Passfolio to the next level.
Sign up on Passfolio in a few minutes today!

Deposit in Naira, easily convert your local currency to US dollars and start investing today!

Create an account for free
José Eduardo Teixeira
February 28, 2021
I love the new update showing total return for crypto. Keep up the good work.
Leke Kazeem
January 19, 2021
Quite an easy app to use. Does what it was intended to do without stress. Highly recommended.
Daniel Ovuru
June 8, 2021
I’m really enjoying the app. The app on itsy own encourages me to invest.. I like their service as well as the app, they’ve proven to be customers first.. keep it up
Ikenna Unadike
February 5, 2021
They are new, but they are continuously rapidly improving.
Irochukwu Anselm Amaechi
November 26, 2020
Passfolio is so far the best broker available to Nigerians and it’s commission free (stock). With the new update, the app is now faster, web version is available now. I have been enjoying this app so far.. it’s even better with the pro version, where you get your cash available for trade immediate...
Ines K
November 26, 2020
Simply love Passfolio! Fast verification process, easy and intuitive to use, responsible customer support and communication, transparent with no hidden fees. I like how you can fund the account by using both Transferwise and cryptos. The Weekly Market Reports they send are very useful too. Too many ..
José Eduardo Teixeira
February 28, 2021
I love the new update showing total return for crypto. Keep up the good work.
Leke Kazeem
January 19, 2021
Quite an easy app to use. Does what it was intended to do without stress. Highly recommended.
Daniel Ovuru
June 8, 2021
I’m really enjoying the app. The app on itsy own encourages me to invest.. I like their service as well as the app, they’ve proven to be customers first.. keep it up
Ikenna Unadike
February 5, 2021
They are new, but they are continuously rapidly improving.
Irochukwu Anselm Amaechi
November 26, 2020
Passfolio is so far the best broker available to Nigerians and it’s commission free (stock). With the new update, the app is now faster, web version is available now. I have been enjoying this app so far.. it’s even better with the pro version, where you get your cash available for trade immediate...
Ines K
November 26, 2020
Simply love Passfolio! Fast verification process, easy and intuitive to use, responsible customer support and communication, transparent with no hidden fees. I like how you can fund the account by using both Transferwise and cryptos. The Weekly Market Reports they send are very useful too. Too many ..
Carlos Roberto Roncaglio Filho
April  5, de 2021
A very good company for those that want to invest from Brazil. Even for those who don't want to stress over income tax declarations, they give detailed tax reports! Just copy and paste into the income tax program, you don't need to calculate anything and or waste time. As for the purchase of dollars and trading, it's very easy, dividends fall just falls right in, everything works fine, there's even a web version available,
Anderson Ávila
May 7,  2021
The app has been improving a lot. It is worth using.I open the app on a monthly basis to make my investments, so it perfectly meets my needs.
Rafael Noschang Buzzo
May 13, 2021
I'm editing my answer because in my opinion the app has improved a lot. They stay in touch with clients and are constantly improving the platform.
Rafael Mattes
May 23, 2021
Best option for those who want to diversify abroad! They are constantly updating and improving the app and features. It has support in Portuguese and facilitate the tax declaration with reports.
Edson Teles
May 2, 2021
Great broker! Much better than most brokers here in Brazil. The app just keeps getting better.
Carlos Roberto Roncaglio Filho
April  5, de 2021
A very good company for those that want to invest from Brazil. Even for those who don't want to stress over income tax declarations, they give detailed tax reports! Just copy and paste into the income tax program, you don't need to calculate anything and or waste time. As for the purchase of dollars and trading, it's very easy, dividends fall just falls right in, everything works fine, there's even a web version available,
Anderson Ávila
May 7,  2021
The app has been improving a lot. It is worth using.I open the app on a monthly basis to make my investments, so it perfectly meets my needs.
Rafael Noschang Buzzo
May 13, 2021
I'm editing my answer because in my opinion the app has improved a lot. They stay in touch with clients and are constantly improving the platform.
Rafael Mattes
May 23, 2021
Best option for those who want to diversify abroad! They are constantly updating and improving the app and features. It has support in Portuguese and facilitate the tax declaration with reports.
Edson Teles
May 2, 2021
Great broker! Much better than most brokers here in Brazil. The app just keeps getting better.
* The testimonials may not be representative of the experience of other clients and not indicative of future performance or success.