Bamboo Investment App Review: How to Invest in US Stocks from Nigeria
Are you a Nigerian looking to invest in US stocks, ETFs, and global markets from your smartphone? The Bamboo investment app offers you a fast and secure way to do just that. In this comprehensive guide, we’ll explore what Bamboo is, how it works, its key features, pros and cons, and whether it’s worth using.
What is Bamboo Investment App?
Bamboo is a Nigerian-based investment platform that allows individuals to buy, sell, and manage US stocks and other international securities right from their mobile phone or computer. Launched in 2019, Bamboo has become one of the most trusted investment apps in Nigeria, giving users access to over 3,000 US stocks and ETFs, including companies like Apple, Tesla, Amazon, and Google.
With Bamboo, you can also invest in Nigerian stocks and fixed-income products — all from one simple, easy-to-use interface.
Key Features of the Bamboo App
1. Access to US & Nigerian Stocks
Invest in thousands of US stocks and ETFs, and also trade select Nigerian stocks directly on the platform.
2. Dollar and Naira Wallets
Bamboo provides both USD and NGN wallets, making it easier to fund your account and switch between currencies for different types of investments.
3. Fractional Investing
Don’t have $3,000 to buy a full share of Amazon? No problem! With Bamboo, you can start investing with as little as $10 by buying fractional shares.
4. Auto-Invest Feature
Set up recurring investments automatically — ideal for long-term wealth building and dollar-cost averaging.
5. Secure and Regulated
Bamboo is registered with the Securities and Exchange Commission (SEC) in Nigeria and partners with regulated US brokers to ensure your investments are safe.
How to Use the Bamboo App – Step-by-Step
Step 1: Download the App
Download the Bamboo app from the Google Play Store or Apple App Store.
Step 2: Sign Up & Verify Your Identity
Provide your BVN (Bank Verification Number), valid ID, and other personal details for KYC verification.
Step 3: Fund Your Wallet
You can fund your USD wallet using a domiciliary account, bank transfer, or debit card. Bamboo also supports Naira deposits.
Step 4: Start Investing
Browse through available US or Nigerian stocks, choose an asset, and invest instantly.
Who is Bamboo Best For?
Beginners who want to start investing in US stocks
Nigerians interested in dollar-denominated assets to hedge against naira devaluation
Long-term investors seeking wealth creation and financial freedom
Professionals looking for a user-friendly mobile investing experience
Pros and Cons of Bamboo App
Pros
Easy-to-use interface
Low minimum investment
Fractional shares available
Secure platform with regulatory backing
Transparent fees
Cons
USD funding might be limited by Nigerian bank policies
Market orders only — no advanced trading tools
No crypto trading (as of now)
Bamboo vs. Other Investment Apps in Nigeria
Feature Bamboo Risevest Chaka Trove
US Stocks ✅ Yes ✅ Yes ✅ Yes ✅ Yes
Nigerian Stocks ✅ Yes ❌ No ✅ Yes ✅ Yes
Fractional Shares ✅ Yes ✅ Yes ❌ No ✅ Yes
Auto-Invest Option ✅ Yes ✅ Yes ❌ No ✅ Yes
Crypto Access ❌ No ❌ No ❌ No ✅ Limited
Is Bamboo Safe?
Yes. Bamboo uses bank-level encryption and security protocols to protect your funds and data. All US assets are held by Apex Clearing, a FINRA-registered broker-dealer in the United States. Nigerian investments are backed by local regulatory compliance through partnerships with licensed brokers.
Final Verdict: Should You Use Bamboo?
If you’re a Nigerian looking for a simple, secure, and affordable way to diversify your investment portfolio, the Bamboo investment app is a great choice. It’s ideal for both beginners and experienced investors who want access to international markets, especially US stocks, without needing a foreign broker.
Whether you want to build long-term wealth or protect your savings from inflation, Bamboo gives you the tools to do it — all from your smartphone.
Frequently Asked Questions (FAQs)
Q1: Is Bamboo available to Nigerians only?
Yes, Bamboo currently serves Nigerian users, but the company is expanding to other African countries.
Q2: What is the minimum investment on Bamboo?
You can start investing with as little as $10 or its naira equivalent.
See How to Get Started and Earn Using Bamboo Investment App
Q3: How does Bamboo make money?
Bamboo earns through small commission fees on trades and currency conversions.
Q4: Can I withdraw my money anytime?
Yes, you can withdraw your funds to your Nigerian bank account, though it may take 1–3 business days.