What kind of investments can I make on my Kuda app?
You can invest in US stocks at the moment. More options are coming.
What's the lowest amount I can invest?
- You can deposit a minimum of $20 in your trading account.
- You can withdraw a minimum of $10 from your trading account.
- You can buy or sell a minimum of $10 at once.
What's a trading account?
A trading account is an account for trading stocks on your Kuda app. It's different from your Spend account.
How can I trade US stocks with my Kuda Naira account?
We use the exchange rate from our investment service provider to determine the naira equivalent of your stock order. This exchange rate is updated every 60 seconds.
Are stocks available to Kuda Business customers?
No, they're not. You need to have a personal Kuda account that's upgraded with your BVN and a valid ID to buy stocks.
Is there an age restriction to buying stocks?
You have to be at least 18 years old to buy stocks.
Is there a specific time for trading stocks?
No, there isn't. You can trade stocks whenever you want.
How do I make money from trading stocks?
When the price of stocks increase, you can sell the stocks to make a profit. You can also make money from dividends paid on stocks. Dividends aren't paid on all stocks but when they're paid, it's usually on a quarterly basis.