By Dipo Olowookere
Nigerian stockbroking platform, Yochaa, has commenced US stocks trading after upgrading its mobile application with new features.
Business Post gathered that some days ago, the company introduced Yochaa 3.5, which allows Nigerian users to start trading US stocks on the platform.
It was learned that since the upgrade, many Nigerians have applied for US brokerage accounts, which take less than 10 minutes to be active.
A look into the app welcomes users with the message, “invest in US stocks and start building wealth with as little as $2 (less than N2,000).
The registration process, as this reporter observed, is simple as the platform requests biometric data of users, including name, address, bank details, Bank Verification Number (BVN), and a valid means of identification.
After the application process, the platform will authenticate the data supplied and then move to the Know Your Customer (KYC) process before activating the US brokerage account, after which a user can fund the account and start trading shares of companies listed on the American stock exchanges.
In a notice signed by the founder of Yochaa, Mr Osagie Zogie-Odigie, the platform said its users “are now enjoying the benefits of being on a platform that allows them [to] do more than just buying and selling stocks.
“They are taking advantage of the rich suite of investing tools that only Yochaa provides – tools that will greatly improve your chances of winning in the investing world.”
“We would love to have you on board! Come join the growing community of investors who are taking charge of their financial future,” it added.
Adedapo Adesanya