To help you better understand the Bamboo app, we will be answering some frequently asked questions. Bamboo is an investment platform that offers Africans fractional investing to trade in the U.S. stock market.
What is fractional investing you may ask? Fractional investing is buying parts of stock based on how much you have. For example, rather than buying a whole Amazon stock that costs $3,000, you can buy the Amazon stock for as little as $1 on the Bamboo app. This means you own part of Amazon and get benefits accrued to whole Amazon stock owners.
Now, let’s get to some of your frequently asked questions.
Is Bamboo app safe and good?
Safety of your deposit and account is the main priority for us at Bamboo, that’s why we ensure all accounts have the highest standards of security. In conjunction with the Securities Protection Corporation (SIPC), all Bamboo accounts are insured with up to $500,000 and wallet balances are Federal Deposit Insurance Corporation (FDIC) insured.
We also use state-of-the-art data encryption and two-factor authentication (2FA) protection when handling your financial information.
We’re backed by top financial market operators and we not only meet traditional banking security standards but also exceed them. That’s how much it matters to us.
Be rest assured, the Bamboo app is safe and good.
Is the Bamboo app free?
Absolutely. The Bamboo app is free to download and use. Bamboo does charge you for depositing money into your Bamboo wallet however there will be charges from the bank and payment processor. Bamboo’s charge is 1.5% whenever you buy or sell a stock.
What is the Bamboo app used for?
The Bamboo app is used for investing in the stock market, as well as trading global companies’ stocks, think building your wealth.
Bamboo is an investment platform that gives users access to over 3,500 stocks listed on the U.S. stock market – the biggest stock market in the world, right at their fingertips. With the Bamboo app, you can trade, earn dividends and invest in global companies in real-time on your mobile phone or computer.
With a market cap of over $31 trillion, Africans now have access to the global market via Bamboo. With the Bamboo app, users can fund their account with as little as $20 using their local currency account and almost instantly start buying and selling shares, ETFs and holdings.
Bamboo uses bank-level security and all accounts are duly held at a top-tier local and U.S. brokerage; as a member of the SIPC, each Bamboo account is insured up to $500,000.
Get to seamlessly unlock the potential of global markets with Bamboo.
Bamboo is available in Nigeria and Ghana and is expanding across the continent.
