Now our clients in Nigeria can easily convert Naira into US dollars to fund their accounts.This is a big milestone and will help us democratize access to investments for more people around the world.
Naira deposits convert to USD through Passfolio Financial and allow the purchase of stocks from the US market with Passfolio Securities.
Passfolio is a United States broker-dealer that is now available for Nigerian investors! Passfolio clients can deposit Naira into their accounts using local bank transfers and easily invest in US stocks or cryptocurrencies*.
To purchase securities using cryptocurrencies, you must first convert it into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.
Passfolio is also a member of FINRA and SIPC, which protects securities customers of its members up to US$500,000 (including US$250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
Passfolio’s long-term goal is to provide faster, cheaper, easier access to US investments to individuals around the world. Below are a few of our key features worth mentioning:
*Currency and cryptocurrency exchange services provided by Passfolio Financial LLC, a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker dealer. Cryptocurrencies are not protected by either FDIC or SIPC. Passfolio Securities LLC, Passfolio Financial LLC and Panchain, Inc. are separate but affiliated companies. To purchase securities using cryptocurrencies, you must first convert it into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.
With Passfolio Securities, you can start investing in US stocks with as little as $1 - all with no commission fees¹². We make investing in US stocks accessible and even accept local deposit methods.
¹ Please see our fractional shares disclosure.
² Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
Please read important legal disclosures that apply to your relationship with Passfolio.
Passfolio is a San Francisco fintech company democratizing investment opportunities by creating a unified, global, and borderless investment market starting with the United States Stock Market.