Best answer: Can you use Robinhood in Africa?

Technically yes, Robinhood app’s services is available on African continent. But to open an account you should be a U.S. citizen, or have a valid U.S. visa.

Does Robinhood work in Africa?

Generally, yes. Robinhood is supported in almost all countries, with the exception of Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine. In these places, you won’t be able to access your account, and attempted log-ins from within those regions may lead to account restrictions.

Can foreigners use Robinhood?

Individual Requirements

Have a legal U.S. residential address within the 50 states or Puerto Rico (we may make exceptions for active U.S. military personnel stationed abroad); and. Be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa*.

Can I use Robinhood in Nigeria?

In addition to being a trading app, Robinhood offers online brokerages (introducing and clearing) and also zero commission trading. Nigerian investment platforms do not, and while any trading platform can get a brokerage license in the U.S., it can be a Herculean task to obtain one in Nigeria.

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Can you download Robinhood in South Africa?

The program has excellent functionality and high-quality design, and most importantly, it runs on all modern mobile phones or tablets (iOS and Android).

Is Robinhood legit?

YES–Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. Furthermore, Robinhood is a securities brokerage and as such, securities brokerages are regulated by the Securities and Exchange Commission (SEC).

Who is the best trading platform?

Best Trading Platforms 2021

  • TD Ameritrade – Best overall, best for beginners.
  • Fidelity – Best for everyday investors.
  • Charles Schwab – Best IRA accounts.
  • Interactive Brokers – Best for professionals.
  • E*TRADE – Best web trading platform.

What is the minimum deposit for Robinhood?

Besides the Robinhood minimum deposit for Standard accounts, there is a $2,000 minimum deposit for margin accounts, called Robinhood Gold.

Robinhood minimum deposit amount.

Pros Cons
No minimum deposit • Credit/Debit card deposit is not possible
• No deposit fee • Only one account base currency

Should I give my SSN to Robinhood?

TL;DR: Yes, it’s safe to put your SSN into Robinhood, and is legally required in order for you to use the service.

Can a non US citizen use Fidelity?

Can I establish a relationship with Fidelity? A. No. Unfortunately, we do not open accounts for any new customers residing outside the United States.

Why are investors running away from Nigeria?

In the last one-and-half decade, many foreign investors have exited Nigeria on account of the high cost of production, inefficient government policies, insecurity, decaying infrastructure and economic recession.

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How can a Nigerian buy US stocks?

Top 4 Apps to Buy U.S Stocks in Nigeria

  1. Trove. Trove is a digital investment platform that lets you invest in U.S, Chinese, and Nigerian stocks, bonds, exchange-traded funds (ETFs), and other securities with as little as 1000 NGN or $10, directly from your smartphone or computer. …
  2. Chaka. …
  3. Rise. …
  4. Bamboo.

How can I buy stock in Nigeria?

How to invest in the Nigerian Stock Exchange?

  1. Find a stockbroker to open a brokerage account.
  2. Complete the Central Securities Clearing Systems (CSCS) account opening form.
  3. Fund your stock brokerage account.
  4. Submit your first trade order once you decide what you want.

What is the best trading platform in South Africa?

Cheapest Online Trading Platforms South Africa 2021

  • IQ Option – Best Broker for Share Trading Overall.
  • eToro – Best Online Broker For Commission Free Stock Trading.
  • Plus500 – Best CFD Trading Platform in South Africa.
  • Interactive Brokers – Best Broker for Professionals.
  • AvaTrade – Best Broker for Forex and CFDs.

Is Robinhood regulated in South Africa?

Is Robinhood available in South Africa? Technically yes, Robinhood app’s services is available on African continent.

Is Robinhood good for beginners?

With free trades and no account minimums, Robinhood is easy to suggest as the best brokerage for novice investors – as long as these investors are willing to find educational resources and research tools elsewhere.

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