If your goal is to trade or invest in international stocks (US stocks, ETFs, foreign equities) from Nigeria, there are two broad categories:
Traditional SEC-registered Nigerian stockbrokers with international desks/partnerships
Digital investment platforms licensed or partnered with regulated brokers
Here are some of the better-known and widely used options in Nigeria.
Traditional Nigerian Stockbrokers
These are registered Nigerian brokerage firms, mainly focused on NGX but some provide access to foreign securities through partnerships or wealth/investment arms.
Meristem Securities
Known for strong retail investing infrastructure and research. Primarily NGX, but they offer foreign investment access through wealth products and partnerships.
Cordros Securities
Institutional-grade broker with access to local and some offshore investment products.
CardinalStone Securities
One of the most active brokers on NGX with offshore investment capabilities for wealth clients.
Stanbic IBTC Stockbrokers
SEC-licensed broker and NGX dealing member. Offers local securities and some international investment access through Stanbic IBTC’s investment ecosystem.
United Capital Securities
Offers brokerage and wealth products, including dollar-denominated investments.
Investment One Stockbrokers
SEC-licensed broker/dealer with retail investment services and online trading infrastructure.
stockbrokers.investment-one.com
MorganCapital Securities
Longstanding NSE/NGX dealing member with online trading capability.
morgancapitalgroup.com
CSL Stockbrokers
Investment banking and stockbroking arm connected to FCMB ecosystem.
Afrinvest Securities
Popular investment house offering brokerage and wealth management services.
Nigerian Platforms Commonly Used for International Stocks
These are the most popular among retail investors for buying US stocks and ETFs directly.
Bamboo
One of the most popular in Nigeria
Access to US stocks and ETFs
Fractional investing available
SEC Nigeria registration via partnership structure
Easy for beginners
Trove Finance
Access to US, Chinese, Nigerian stocks, ETFs, and bonds
Fractional investing
Multi-market exposure
Risevest
More portfolio-based investing than active stock picking
US stock portfolios managed for users
Chaka
Nigerian SEC-licensed digital investment platform
Access to Nigerian and US markets
Passfolio by Sproutfi
International investing platform used by Nigerians
US market access
Dollar investing
Which Ones Are Actually “Registered”?
For Nigeria specifically, look for:
SEC Nigeria registration/licensing
NGX dealing member status
CSCS integration
Custodian structure transparency
Platforms like Bamboo, Chaka, and Trove operate through regulated partnerships/custodian arrangements rather than being traditional NGX stockbrokers themselves. Traditional firms like Meristem, Cordros, Stanbic IBTC, CardinalStone, and United Capital are direct SEC-licensed brokers/dealing members.
stockbrokers.investment-one.com +3
My practical breakdown
Best for beginners
Bamboo
Trove Finance
Best for serious long-term investing
Meristem Securities
Cordros Securities
CardinalStone Securities
Best for combined Nigerian + foreign investments
Chaka
Trove Finance
One important point: many Nigerian brokers technically “offer international investing,” but in practice some only provide access for high-net-worth or wealth-management clients. Bamboo, Trove, and Chaka are usually easier for retail investors starting with small amounts.
Community discussions among Nigerian investors also frequently mention Bamboo, Trove, Meristem, Cordros, and Stanbic IBTC when discussing both local and foreign investing access.