The fintech industry in Nigeria is booming, and there are now many apps that make it easy for Nigerians to invest their money. These apps offer various investment options for Nigerians. Wealth.ng is an app that allows anyone in Nigeria invest their money. You can invest in treasury bills, stocks, mutual funds, and real estate with Wealth.ng.
How Does Wealth.NG work?
Wealth.ng is accessible via the web or mobile app. After registering, you have the option to decide on short-term investments, such as 30-day treasury bills, or long-term ones, like stocks and real estate. What makes Wealth.ng very popular is that you are in control and can watch your investments in real-time.
To get started, there are a few things you need:
- A valid ID card.
- Your BVN number.
- A clear picture of yourself.
- Your name, email, and phone number.
You also need to be 18 years or older to use Wealth.ng.
Now, if you want to use Wealth.ng app, follow these steps:
- If you have an Android phone, go to Google Play Store. If you have an iPhone, go to the App Store.
- Enter for ‘wealth.ng’ in the search box and locate the app.
- Download the app to your phone.
Here’s how to start investing with Wealth.ng
To invest, visit the menu on the side and click on ‘Investments.’ Pick what you want to invest in and click ‘Buy’ to put it in your cart. Go to your cart to complete the purchase once you’ve selected an investment product.
To sell an investment, click ‘My Portfolio’ under investments. Find what you want to sell and click on it. If it’s something you can sell, you’ll see a button that says ‘Sell.’ Click it to add it to your cart. Then, go to your cart and complete the sale.
Wealth.NG Review
Wealth.ng comes from WealthTech Limited (RC 1547536), a partner company of Sankore Securities Limited. Sankore Securities Limited, registered with the Nigerian Stock Exchange and regulated by the Securities and Exchange Commission, Nigeria, offers investment management and advisory services on Wealth.ng platform.
You can find Wealth.ng on both the Apple Store and Google Play Store. With more than 50,000 downloads, it’s been tried by many. However, its Google Play Store rating is 2.8 stars, which indicates that a lot of users are not very happy with the services they provide.
How to Check the Legitimacy of an Investment App
When considering using an investment app, you have to make sure it is legit to protect your hard-earned money. Here’s a simple guide to help you check if an investment app is legit:
- Check the Developer: Research the company behind the app. Check their website and any reviews or news articles about them. Legitimate apps are often backed by reputable companies.
- App Stores: Download the app only from official sources like the Apple App Store or Google Play Store.
- Check Ratings: Browse through user reviews on the app store. Real users share their experiences, both positive and negative. Look for consistent feedback about the app’s performance.
- Verify Contact Information: Legitimate investment apps will have valid contact information, including a physical address and customer support details.
- Regulations: Check if the app is licensed to provide investment services. Look for regulatory information from relevant financial authorities. Legitimate apps proudly display their licenses.
- Fees: Try and understand the app’s fee structure. Legitimate apps are transparent about fees associated with their services.
- Customer Support: Reach out to their customer support with any questions you may have. Prompt and helpful responses are a sign of a legitimate app.
- Security Measures: Look for information about the app’s security measures. It should provide details about how your financial information is safeguarded.
- Unrealistic ROI: Stay away from apps promising guaranteed high returns with little to no risk.
- Start Small: If you’re still unsure, consider starting with a small investment. This way, you can test the app’s functionality, performance, and customer service.
