You can buy stocks on the trove app using the information provided in this article if you are looking for business avenues to expand your profit margin.
Intended to help enterprising young investors to increase their business, the Trove App proves to be an invaluable tool for so many people who buy stocks on the trove app to earn more profit off the NSE.
This investment platform can be accessed by the general public, and anyone working in the public domain sectors can buy stocks using trove by following these easy steps to first get started.
How to Get Started and Buy Stocks on the Trove App
Bear in mind that this is an online trading platform that allows you to buy stocks on the trove app. What this implies is that your first step should be to download Trove App on your mobile device.
You can start with downloading the application from Play Store on your iOS and Android.
Once you have downloaded the app, you can proceed to the next stage which is signing up.
Signing Up for a Trove App
Just like the rest of the steps you will need to take before you can be able to buy stocks on the trove app, signing up for this app is easy and occurs in a short period.
These are the requirements:
- Email Address,
- A strong password (usually comprises numbers, letters, and symbols)
- A referral code (if any),
- Knowledge of Investment,
- Legitimate source of finance,
- Ability to pay off debts,
- Checks your susceptibility to risk,
- Political Exposure, if any (this is only done because a clause in the law of US demands it).
Getting your Trove App Profile Completed
Continuing on how you can buy stocks on the trove app, you must fill out the relevant spaces in your profile. These spaces are
- Personal details: likely your date of birth, marital status, etc.
- Details bordering on your residency
- Information about Your Bank Account
- Upload Documents
- Your next of kin
These should not be hard to provide.
To give you a clue as to what would be optimum for the Upload document section, you should have the following relevant documents in your mobile device:
Utility Bill: this can be electricity bills, bank payment voucher, or other relevant receipt, etc.
Provide your valid ID: any one of your voter’s card, national identification card, international passport, etc. can serve.
An appropriate facial picture of yourself
Upload a legible picture of your signature snapped on a white background.
As with the previous processes, this can be done in a matter of minutes.
Your profile will usually undergo review and verification in the span of 1-2days, but you should not defer other steps involved in this process.
Actually, you cannot buy stocks on the trove app without firstly, making sure that you have funded your wallet. We will tell you how to do this in the following section.
Trove Account Wallets
Having opened your trove account, you will notice that you have two wallet options such as
- Naira wallet, and
- Dollar wallet
As the names suggest, the naira wallet allows you to invest in bonds and stocks in Nigeria. On the other hand, you can make foreign investments using your dollar wallet.
To buy stocks on the trove app using your dollar wallet, the amount traded in the country in which the transaction is done will be first converted to naira. This is because the Trove Company does not uphold profiles with domiciliary accounts or dollar cards.
Note: payments into either of the accounts starts once it has been duly verified.
Buy stocks on the Trove App once verified
If your account has been verified, you can proceed to buy stocks, irrespective of the asset you wish to invest in.
This can be done by,
- Going to the overview screen, which is now empty pending when you buy stocks on the trove app.
- Locate the + symbol and Click on it
- You will be shown a page marked for All Assets
You will see ETFs, Nigerian Stocks, Foreign Stocks, Bonds, as alternatives on the page.
You can see that the interface is easy to use. The remarkable features are
Market Status: this shows when you can trade depending on whether the update shows OPEN or CLOSED.
A search space: this helps you to locate any entries on the list of stocks available on the app.
An automated page requesting that you “Complete Your Profile”, if you did not complete this initially.
You can proceed to buy stocks on the trove app by writing the value of shares you have chosen.
Click Proceed To Payment.
A page shows up, allowing you to review your entries and correct any mistakes
Continue by clicking on “Confirm Transaction”
Accept the requisite conditions of transaction by clicking on “I Agree. Continue”.
Once this has been done, you have just invested in the stock you indicated. It is just as easy and simple as that.