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how to buy apple stock in nigeria review

How to Buy Apple Stock in Nigeria

How to Buy Apple Stock in Nigeria revealed. We tested and verified the best way to buy Apple Stock in Nigeria.

This is a complete guide on how to buy Apple Stock in Nigeria. 

In this in-depth guide you’ll learn:

  • What is Apple Stock?
  • How to buy Apple Stock in Nigeria? 
  • How to buy Apple shares for beginner traders?
  • Which broker can you use to buy Apple Stock?
  • Which broker offers a mobile app to trade on? 
  • Which broker offers a signup bonus? 
  • Which brokers offer a $5 (2 077 NGN) minimum deposit for investing in Apple Stock?
  • How many Apple Stock should you buy?


And lots more…

So if you’re ready to go “all in” with the Apple Stock for Nigerians…

Let’s dive right in…

Updated : July 21, 2022

👉 Definition: a stock is a percentage of ownership in a company, such as Apple,  or a financial asset. Investors who hold shares of any company are known as shareholders.

Step by Step on how to buy Apple Stock in Nigeria

Step 1: Choose a reputable brokerage

Step 1

👉 You can purchase and sell stocks through any online brokerage account. Additionally, online brokerage accounts offer a wide range of research, instructional tools, and account kinds to assist you to achieve your investment goals.

 

👉 Long-term investors, such as those saving for their children’s education or their own retirement, might consider placing their AAPL investments in tax-advantaged vehicles such as individual retirement accounts (IRAs).

 

👉 A taxable brokerage account is a better option if you’re saving for a down payment on a house or building wealth. It’s a good idea to do some comparison shopping to locate the best broker for your needs in Nigeria.

Step 2: Decide how much you wish to invest in Apple stocks

Step 2

👉 After paying all of your monthly bills, how much money do you have leftover at the end of the month? What you need to save and invest is that amount.

 

👉 If you don’t already have an emergency fund and retirement savings, you should put part of that money aside. But you can invest the rest as you see fit.

 

👉 In the beginning, you may not want to buy an entire share of AAPL stock. In this case, you may want to buy a fraction of that share, known as a fractional share. You can acquire these classic share sections from some brokerages.

 

👉 It is possible to invest a large sum of money at once or in modest quantities over a long period of time, using dollar-cost averaging, when you are ready to do so.

 

👉 Fixed dollar amounts of stock are purchased on a regular basis, usually monthly, regardless of the price of the stock. In the long run, it reduces your risk and lowers your cost per share.

 

👉 Think about how AAPL stock may fit into your total portfolio if you have other investments. Investors who own Apple should be cognizant of their other holdings in large-cap technology companies.

Step 3: Devise an investment plan

Step 3

👉 Consider your investment objectives carefully before making any purchases of stocks. It is always dangerous to invest in big volumes of single shares of any corporation.

 

👉 Apple stock has had a history of price volatility and can be greatly affected by external variables. While previous performance is no sign of the future, you may face similar volatility in the future. Investing in Apple stock should be influenced by price swings.

Step 4: Do sufficient research on AAPL stock

Step 4: Do sufficient research on AAPL stock

👉 Buying stock in a single business, even if it’s a household name like Apple, is an exciting prospect, but investors in Nigeria need exercise caution and do their research beforehand.

 

👉 Review the annual reports and quarterly reports that publicly traded companies like Apple must file on a regular basis as a starting point for your evaluation.

 

👉 In the financial press, these reports are referred to as earnings reports or quarterly earnings, and they include a wealth of information on a company’s performance and finances.

 

👉 Once you have all of this information, you can use it to decide whether or not Apple is a good investment opportunity.

Step 5: Determine the order type that you would like to place

Step 5

👉 You can request to buy AAPL stock at the best current price on your brokerage platform, or you can use more complicated order types, such as limit or stop orders, to only acquire shares after the stock price falls below a specified threshold.

 

👉 The purchase will also be completed once trading restarts if you place an order outside of the hours allowed by your brokerage.

Apple Stock Overview for Nigerians

👉 As of 2010, Apple has been one of the world’s most valuable corporations. After that, it remained around the top for several more years.

 

👉 On the surface, Apple’s success can be attributed to the fact that the business produces well-known items with significant profit margins.

 

👉 Since then, Apple has introduced numerous products that reflect its new emphasis on aesthetics and user experience, such as the iMac. The iBook, iPod, iPhone, MacBook Air, and iPad were among these same products that served to redefine the industry.

 

👉 As an MP3 player, the iPod was a game-changer, and as a phone, the iPhone launched and quickly became the market leader. As a result of the iPad’s success, millions of users were convinced that they needed yet another screen to consume material.

 

👉 All of these items were viewed as superior to their competitors in terms of quality and design.

 

👉 Apple’s new business strategy of developing a tightly integrated ecosystem of hardware, software, and content was made possible in large part by the release of all of these items.

 

👉 While other manufacturers’ products made it easy for customers to transfer MP3s from computers to iPods, Apple didn’t do that.

 

👉 As an alternative, the company decided to attack the concept of an album by breaking it down into individual songs that would be sold for a tenth the price of the entire album.

 

👉 Software went through the same procedure. The stripped-down apps available on Apple’s App Store can be used to perform many common computing tasks on Apple’s mobile devices.

 

👉 In several of these markets, Apple was the first large player and built the stadium and defined the rules.

Overview

👉 In Nigeria, investing is a necessary if you want to increase your money and stay up with inflation. Inflation weakens the purchasing power of money over the long run. By failing to invest wisely, the value of your monthly salary savings will continue to decrease each day.

 

👉 Investing in stocks in Nigeria has never been easier thanks to advancements in technology. If you’re considering investing in the Nigerian stock market, it could provide lucrative returns over the medium to long term.

 

👉 The stock market is a place where a large number of people interested in buying and selling securities can come together, communicate, and complete transactions. Price discovery for corporate shares is made possible by stock markets, which also act as an economic barometer.

 

👉 Stock market players compete with each other to find the best price, and this ensures the market is always open to new investors and offers a high degree of liquidity.

 

👉 This means that market participants can trade stocks and other qualifying financial products with complete confidence and with little to no operational risk on the stock exchanges. The stock markets function as both primary and secondary markets, as specified by the regulator.

 

👉 IPOs (initial public offerings) allow companies to sell their equity to the general public for the first time through the stock market.

 

👉 This activity aids businesses in obtaining the financing they require from a variety of sources. An example of this would be the division of a corporation (say, into 20 million shares) and the sale of a portion of those shares (say, 5 million shares) to the public at a price (say, at $10 per share).

 

👉 Having a market to sell these shares is necessary for a firm in order to make this process more efficient. The stock market acts as a facilitator for this kind of exchange.

 

👉 Investors will receive the company’s stock, which they can retain for a predetermined period of time in anticipation of an increase in share price and dividend payments. Companies and their financial partners pay the stock exchange for its services in this capital-raising process, which it facilitates.

 

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👉 One of the most prominent stocks available today are those of tech giant Apple. Read on to learn more about how to buy Apple stock in Nigeria.

Pros and Cons of Buying Apple Stock

Pros and Cons of Buying Apple Stock

👉 At $2.7 trillion, Apple is one of the world’s most powerful corporations, making it one of the most valuable. At these rates of expansion, it’s hard to imagine that the San Francisco-based corporation has much more room for expansion to come.

 

👉 Apple has dominated the market for the past ten years, but there is still plenty of room in its growth engine for the company to expand. Here, we take a look at both the pros and cons of buying Apple shares in Nigeria.

 

Pros of buying Apple shares in 2022

👉 It wasn’t until 2007 that Apple’s most recognizable device, the iPhone, was made public. After more than 14 years, new iPhone launches still generate quite a bit of buzz—even though it has become one of the most saturated smartphones on the market.

 

👉 The fourth quarter of Apple’s fiscal year 2021, which ended on September 25, 2021, saw Apple’s iPhone sector generate $38.9 billion in revenue, a 47% increase over the same period last year.

 

👉 A few pundits had projected that the euphoria surrounding new iPhone releases would ultimately wane, and as a result, sales of the gadgets would fall.

 

👉 Despite the fact that the product’s new releases no longer elicit the same amount of excitement as they did in the late 2000s, the iPhone nevertheless has a significant following.

 

👉 During the past five years, Apple’s services division has become increasingly crucial. Subscription-based (and other) service revenue is where the corporation keeps track of its earnings.

 

👉 In addition to Apple Pay and other services, this includes revenue from Apple TV+, iCloud, and other services. When it comes to sales in the company’s fiscal year 2021, this sector was only second to the iPhone segment.

 

👉 Apple’s services revenue totalled $68.4 billion for the year, up 27.3% from the prior year. One of the key advantages of this unit is that it has higher margins than the rest of Apple’s business.

 

👉 The company’s gross margin was 41.8 percent in fiscal year 2021. Apple’s product gross margin was 35.3%, while its service gross margin was 697.7%.

 

👉 This growth will have a beneficial impact on the company’s bottom line if it continues to expand this segment.

 

Cons of buying Apple shares in 2022

👉 Apple’s App Store is under greater antitrust examination, raising the spectre of regulatory risk. As Apple.com (AMZN) and Facebook (FB) become more powerful, there has been an increase in political pressure on Big Tech.

 

👉 This seems to be the primary regulatory risk of the 30 percent standard commission rate charged by the App Store to developers. Smaller developers with annual sales of less than $1 million received a 50% reduction in that rate.

 

👉 While those are the bulk of publishers in the store, they accounted for less than 5 percent of the approximately $60 billion in revenue the App Store produced in the first 10 months of 2020, according to app analytics firm Sensor Tower.

 

👉 Due to this regulatory oversight, investors who acquire Apple stock right now may want to keep an eye on the company’s value.

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Should You Invest in Apple in 2022?

👉 Macroeconomic difficulties, concerns about the Ukraine conflict, and supply chain issues in China have all contributed to the decline in Apple’s stock price.

 

👉 However, a rise in interest rates by the US central bank has prompted investors to seek out bonds with greater yields in order to diversify their portfolios and keep money out of the stock market.

 

👉 Wall Street analysts predict that Apple stock will climb 14 percent to $191 over the next year, according to MarketBeat data as of 21 April.

 

👉 A forecasting service using algorithms has also predicted that Apple shares would be a “very good long-term investment” and might grow to $213 by April 2023.

 

👉 Apple stock appears to have a lot of support from Wall Street analysts. MarketBeat gathered the opinions of 32 analysts and concluded that the stock is a ‘buy.’

Best Brokers for Buying Apple Shares in Nigeria

Exness

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

CySEC, FSA, FCA, FSCA, FSC.

Trading Desk

MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

👉 Overall, Exness is considered a low-risk broker and can be summarised as a trustworthy and reliable market making broker for buying Apple Shares in Nigeria. Regarding spread and security, Exness guarantees fast trading speeds from a few milliseconds when purchasing AAPL shares. In terms of users, Exness has over 204 000 registered clients in the UK.

 

Pepperstone

Pepperstone-Logo-Tagline-RGB-BlackBlue

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradeView

Crypto

Yes

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

 

👉 Overall, Pepperstone is considered a low-risk broker and can be summarised as a trustworthy and reliable agency-execution broke for purchasing Apple Shares in Nigeria. Regarding spread and security, Pepperstone guarantees fast trading speeds from a few milliseconds when buying AAPL shares in Nigeria. In terms of users, Pepperstone has over 8000 registered clients in the UK.

 

Tickmill

Overall Rating

Min Deposit

USD 100 / 41450 NGN

Regulators

FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

👉 Overall, Tickmill is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying Apple Shares in Nigeria. Regarding spread and security, Tickmill guarantees fast trading speeds from a few milliseconds in order to purchase AAPL shares in Nigeria. In terms of users, Tickmill has over 38 000 registered clients in the UK.

 

XM

Xm.com Logo 1 1024x514 1

Overall Rating

Min Deposit

USD 5 / 2 075 NGN

Regulators

IFSC, CySec, ASIC

Trading Desk

Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform

Crypto

No

Total Pairs

57

Islamic Account

Yes

Trading Fees

No (Just spread) 

Account Activation Time

24 Hours

 

👉 Overall, XM is considered a low-risk broker and can be summarised as a trustworthy and reliable market making broker for buying Apple Shares in Nigeria. Regarding spread and security, XM guarantees fast trading speeds from a few milliseconds to purchase AAPL shares in Nigeria. In terms of users, XM has over 5 million registered clients around the world.

 

FXTM

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

CySec, FSCA 

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

 

👉 Overall, FXTM is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying Apple Shares in Nigeria. Regarding spread and security, FXTM guarantees fast trading speeds from a few milliseconds in order to buy AAPL Shares in Nigeria. In terms of users, FXTM has over 4 million registered clients around the world.

 

Broker Comparison

🥇 Exness🥇 FXTM🥇 XM🥇 Tickmill🥇 Pepperstone
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCACySEC, FSCA, FCA, FSC MauritiusFSCA, IFSC, ASIC, CySEC, DFSAFSA, FCA, CySEC, Labuan FSA, FSCAASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
💻 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader appMetaTrader 4, MetaTrader 5, FXTM TraderMetaTrader 4, MetaTrader 5, XM Mobile AppMetaTrader 4, MetaTrader 5• MetaTrader 4,
• MetaTrader 5,
• cTrader,
• TradingView,
• Myfxbook,
• DupliTrade
💰 Withdrawal FeeNoYesNoNoNo
✔️ Demo AccountYesYesYesYesYes
📈 Min Deposit41,000 Naira10,000 Naira2,000 Naira41,500 Naira60,700 Nigerian Naira
📊 Leverage1:20001:10001:8881:5001:200
💸 SpreadFrom 0.0 pips EUR/USDFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips
💳 Commissions$3.5 on Zero AccountYes, variableUSD7/100 0002 per side per 100,000 tradedUSD 0.04 (USD 0.08 round turn)
🛑 Margin Call/Stop-OutNone40%50%100%/30%50%/0%
📲 Order ExecutionNoneMarketInstantInstantInstant
💰 No-Deposit BonusNoYesYesYesNo
💳 Cent AccountsYesYesYesNoNo
💻 Account Types• Standard Account, Standard Cent Account,
• Raw Spread Account,
• Zero Account, Pro Account
• Micro Account,
• Advantage
Account,
• Advantage Plus Account
• Micro Account, Standard Account, XM Ultra-Low Account, Shares Account• Pro Account, Classic Account,
• VIP Account
• Standard account,
• Razor Account,
• Professional Account,
⚖️ CBN RegulationNoNoNoNoNo
💰 NGN DepositsYesYesYesNoYes
✔️ Nigerian Naira AccountYesYesNoNoNo
📞 Customer Service Hours24/724/524/524/524/7
🛍 Retail Investor Accounts52412
☪️ Islamic AccountYesYesYesYesYes

Best Brokers for Buying Amazon Shares in Nigeria

Exness

Exness

👉 Overall, Exness is considered a low-risk broker and can be summarised as a trustworthy and reliable market making broker for buying Amazon stock in Nigeria. Regarding spread and security, Exness guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, Exness has over 204 000 registered clients in the UK.

 

FXTM

FXTM

👉 Overall, FXTM is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying Amazon stock in Nigeria. Regarding spread and security, FXTM guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, FXTM has over 4 million registered clients around the world.

 

XM

XM

👉 Overall, XM is considered a low-risk broker and can be summarised as a trustworthy and reliable market making broker for buying Amazon stock in Nigeria. Regarding spread and security, XM guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, XM has over 5 million registered clients around the world.

 

Tickmill

Tickmill

👉 Overall, Tickmill is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying Amazon stock in Nigeria. Regarding spread and security, Tickmill guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, Tickmill has over 38 000 registered clients in the UK.

 

Pepperstone

Pepperstone

👉 Overall, Pepperstone is considered a low-risk broker and can be summarised as a trustworthy and reliable agency-execution broker for buying Amazon stock in Nigeria. Regarding spread and security, Pepperstone guarantees fast trading speeds from a few milliseconds when buying Amazon stock. In terms of users, Pepperstone has over 8000 registered clients in the UK.

 

Broker Comparison

🥇 Exness🥇 FXTM🥇 XM🥇 Tickmill🥇 Pepperstone
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCACySEC, FSCA, FCA, FSC MauritiusFSCA, IFSC, ASIC, CySEC, DFSAFSA, FCA, CySEC, Labuan FSA, FSCAASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
💻 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader appMetaTrader 4, MetaTrader 5, FXTM TraderMetaTrader 4, MetaTrader 5, XM Mobile AppMetaTrader 4, MetaTrader 5• MetaTrader 4,
• MetaTrader 5,
• cTrader,
• TradingView,
• Myfxbook,
• DupliTrade
💰 Withdrawal FeeNoYesNoNoNo
✔️ Demo AccountYesYesYesYesYes
📈 Min Deposit41,000 Naira10,000 Naira2,000 Naira41,500 Naira60,700 Nigerian Naira
📊 Leverage1:20001:10001:8881:5001:200
💸 SpreadFrom 0.0 pips EUR/USDFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips
💳 Commissions$3.5 on Zero AccountYes, variableUSD7/100 0002 per side per 100,000 tradedUSD 0.04 (USD 0.08 round turn)
🛑 Margin Call/Stop-OutNone40%50%100%/30%50%/0%
📲 Order ExecutionNoneMarketInstantInstantInstant
💰 No-Deposit BonusNoYesYesYesNo
💳 Cent AccountsYesYesYesNoNo
💻 Account Types• Standard Account, Standard Cent Account,
• Raw Spread Account,
• Zero Account, Pro Account
• Micro Account,
• Advantage
Account,
• Advantage Plus Account
• Micro Account, Standard Account, XM Ultra-Low Account, Shares Account• Pro Account, Classic Account,
• VIP Account
• Standard account,
• Razor Account,
• Professional Account,
⚖️ CBN RegulationNoNoNoNoNo
💰 NGN DepositsYesYesYesNoYes
✔️ Nigerian Naira AccountYesYesNoNoNo
📞 Customer Service Hours24/724/524/524/524/7
🛍 Retail Investor Accounts52412
☪️ Islamic AccountYesYesYesYesYes

Best Mobile Apps to buy US Stocks in Nigeria

👉 The United States stock market is one of the most enticing venues for investors whatever their investment style, experience, or objective.

 

👉 As a Nigerian or non-US citizen, it used to be quite difficult to acquire and invest in United States securities. However, Nigerians can now invest in the US stock market using their smartphone, tablet, iPad, or computer, attributed to technology progress and advancement.

 

Leadtrader

Leadtrader

👉 Leadtrader is well-known for having the lowest brokerage fees among stock apps in Nigeria, with commissions as low as 0.75 percent in some instances. When you give them the authority to trade on your behalf, the commission can rise to as much as 1.35 percent of the total.

 

Investnow.ng

Investnow.ng

👉 For Nigerians, this software provides a comprehensive internet trading platform. Additionally, it gives regular stock suggestion alternatives for new investors, as well as a variety of services such as dividend management, certificate administration, and registrar handling.

 

Ameritrade

TD Ameritrade

👉 This software, which is owned by meristem securities, allows traders with a secure platform from which to trade using their mobile phones. Additionally, it provides a diverse selection of companies to pick from, with assets spanning both domestic and international markets.

 

Rise

Rise

👉 Rise is more than just a stock trading app; rather, it may be thought of as a worldwide asset management company. It provides you with dollar-denominated investments in which you may put your money to work while watching it rise in value.

 

👉 Rise skilled fund manager trades on your behalf, as a result of this arrangement. Additionally, you have the option of investing in real estate, fixed assets, or stock asset investments.

FAQ

What is the best way to buy Apple stock?

To buy Apple stock, investors in Nigeria should take the following steps:

  • Choose a reputable stockbroker
  • Decide on your investment amount
  • Set up an investment plan
  • Do enough research on you AAPL stock
  • Determine the order type
  • Continue to monitor the performance of your AAPL stock

 

Can I buy stock directly from Apple?

No, Apple stock should be bought through a stockbroker in Nigeria, whether it is offshore or based locally, as this stock can be purchased online through your selected broker.

 

Is Apple stock a good buy in 2022?

Most analysts consider Apple stock to be a good growth investment in 2022 for investors in Nigeria and elsewhere. That said, a. general rule is not to have more than 10% of your total portfolio in one stock.

 

Is it worth it to buy one share of a stock?

Yes, especially with the emergence of commission-free stock trading, it has become a better option than ever to buy a single share in a company. This is a good approach for beginner investors in Nigeria.

 

Is investing in stocks profitable for Nigerians?

Yes, investing in stocks is considered one of the more reliable methods of making a profit consistently. Adequate stock research is vital in this case.

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