Investing With Trove
Trove is developed to target millennials. As a result, the mobile app was created with users in mind in becoming the next big thing. To get started, simply download the Trove app, enter your email address, answer a few questions, make a deposit, and begin investing. Here are some important steps to note.
NOTE By clicking here you will get 5 free share to start your investment journey anywhere in the world.
Downloading the Trove app
Trove is a free app for Android and iOS. Click here to download the Trove app from the Play Store, and here to download from the App Store.
Sign-Up Process
It takes only a few minutes to sign up. It will ask for your name and email address, as well as a strong password (a mix of digits and characters) and a referral code which is Q4LERU , which you may provide here as well. After that, it asks you a number of questions about your investment profile, investing experience, sources of money and liquidity, risk tolerance, and if you're politically exposed (US law compels brokerages to gather this information), and then you submit.
Next
be sure to finish your profile by answering a few more questions in the areas below.
Information about the individual
Information on the national and local levels
Occupation and relatives
Details of your bank account
Uploading documents
The questions are simple to respond to. It's great if you already have these papers on your phone for the document uploads so that the procedure runs smoothly. The following are the details:
1. A selfie in the suitable attire. This isn't an upload, but it does fit under the category. By touching the camera image within the program, you may take a picture of your face.
2. A valid ID, such as an international passport, driver's license, national identification card, or voter's card.
3. Payment of the utility bill. You can utilize power bills, waste management receipts, bank statements, rent agreements, and other utility bills to pay these expenses. The trick is to utilize a document as evidence of address that clearly displays your address.
Submit and review your work. Your profile will be reviewed and validated within one to two working days. You can, however, fund your wallet while your account is being verified.
Funding your wallet
You'll need money in your wallet to buy shares on the Trove app. In your trove account, you have two wallets.
1. Naira Wallet
2. Dollar Wallet
The Naira wallet is for stock and bond purchases in Nigeria, while the Dollar wallet is for international transactions. Trove now only allows you to add a Naira card and a Naira bank account to your profile. Domiciliary accounts and adding a dollar card to your profile are not accepted by Trove.
To trade US equities, you must first fund your dollar wallet with the required dollar amount. Your Trove account will prompt you to enter the amount in dollars you'd want to deposit into your wallet, as well as the naira equivalent.
After your account has been validated, you may begin trading.
Buying Stocks
Because you have not yet acquired any stocks, your overview screen will be empty upon account verification (as seen below).
To begin, click the + button to be routed to a "All Assets" page where you may search for any stock.
The following are the sections of the All Assets page:
1. Foreign Stocks
2. Nigeria Stocks
3. Bonds
4. ETFs
You may search for any stocks listed on the Trove app using the search tool. There's also a Market status update that tells you when the Market is available for trading and when it's closed. Closed indicates the stock market is closed for trade, whereas open means you may buy and sell stocks. Any purchase made after the market closes will be carried out the following day when the market reopens.
Let's acquire some Dangote Sugar shares as an example. Dangote Sugar should be found and selected.
Select Buy Shares from the drop-down menu.
If you haven't completed your profile yet, the "Complete your profile" page will appear, but if you have, it will lead you to the Payment screen below; if you have completed your profile and funded your Naira wallet, it will take you to the Payment screen below;
Click the proceed to payment button after entering the number of shares you want to buy. A confirmation screen will appear, allowing you to review your order; if you made any errors at this point, you can go back and make any necessary changes; if not, click "confirm transaction."
A pop-up appears on the screen asking you to agree to the transaction's terms; you must click "I Agree." Continue" to keep going.
Congratulations!!! You've just bought Dangote Sugar stock. Whether you're buying foreign stocks, ETFs, or bonds, the process is the same.
Conclusion
Let us know what you think now that we've gone through the procedures from installing the Trove app to buying a stock on the Trove app.
Have you used the Trove app to download or buy stocks yet? The Trove app may be downloaded from the Google Play and Apple App Stores.
Please contact us by email, phone, or WhatsApp if you have any queries or issues!
hello@troveapp.co \s+2349077132746
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