Yes, you can. Bamboo is an investment platform, not a savings account, and there are three separate ways to lose money on it: the shares you buy can fall, the naira can strengthen against the dollar, and fees can quietly eat a small or frequently traded balance. None of those means the app is a…
Short verdict: Bamboo is a legitimate, SEC registered way for Nigerians to own US shares, and it is best suited to someone investing a meaningful amount and leaving it alone for years. It is a poor fit for small balances traded often, because a 1.5 per cent trade fee and a flat $45 dollar withdrawal…
Yes. Bamboo was built for Nigerians, it is registered with the Securities and Exchange Commission in Nigeria, and you can open an account with a Nigerian phone number, a Nigerian bank account and a BVN. Nothing about using it from Nigeria requires a foreign address or a foreign card. The longer answer is about what…