Chaka Investment App Review ( Is Chaka Legit or Scam)

This post contains all you need to know about Chaka investment ap also known as Chaka Investment App Review

Back then, buying goods from companies outside Nigeria like China, Australia and China was a burden and almost impossible because it will require an international agent, which in return place a high charge on you. This made buying things from foreign countries a difficult task.

Today, many stock investment apps have been created to ease this stress, making it possible for you to buy goods from any part of the world even from the comfort of your bedroom with your smart phone.

In this Chaka investment app review, I will be answering your question on all you need to know about Chaka Investment App.

What is Chaka?

Chaka Technologies Limited, a company registered with the Corporate Affairs Commission, owns Chaka. Local authorities in Nigeria, as well as international authorities, regulate the company.

Chaka is governed by the Nigerian Central Securities Clearing System (CSCS) and the Securities and Exchange Commission (SEC). Citi Investment Capital Limited facilitates all local brokerage investments. A Nigerian stockbroking firm that is licensed and registered with the Securities and Exchange Commission (SEC).

Chaka is a technology solutions company on a mission to provide borderless digital investment and wealth management opportunities to every business and person in Africa.

Their team combines investment expertise with best-in-class technology to deliver dependable digital investing, trading, and wealth management solutions that are simple to use and integrate.

All global brokerage investments on this platform are made available by Citi Asset Management Ltd. in collaboration with a licensed US brokerage firm regulated by the US Financial Industry Regulatory Authority (FINRA) and the US Securities and Exchange Commission (SEC). Dollar funds and assets held on Chaka are insured up to $500,000 by the US Securities Investor Protection Corporation (SIPC).

How to start investing with chaka?

To get started with Chaka, you must first create an account via the website or the Android app. You can also open an account by emailing them at register@chaka.ng or calling them. You can reach them by phone at +2347011204586.

If you have your information ready, it takes about 3 minutes to set up an account on this platform. You will need to have your BVN number, national identification, and a proof of address document ready. The remaining information will be basic questions to which you will have an answer.

You will be assigned a CSCS number once you open an account. The Nigerian Capital Market’s Clearing and Settlement House is CSCS (Central Securities Clearing System). They are in charge of the Nigerian.

Also Read my Mutualfunds.xyz Review

Stock Exchange.

Only when a user executes a trade does the company charge a fee. In addition, the user must pay mandatory regulatory fees levied by Nigerian and other market regulators.

Every Chaka account comes with two wallets. A wallet that is both global and local. The global wallet is for trading foreign stocks, while the local wallet is for trading domestic stocks. Your dividends are also deposited directly into their accounts.

Chaka features

Their regulator is safe and secure

Chaka is Nigeria’s first and only digital investment platform that has been licensed by the Securities and Exchange Commission (SEC).

Local assets are listed on the Nigerian Stock Exchange (NSE), cleared through the Central Securities Clearing System (CSCS), and governed by the Securities Exchange Commission of Nigeria (SEC). The US FINRA and the US SEC regulate dollar assets. SIPC insures dollar deposits up to $500,000.

Instant dollar funding

Trade and invest in leading companies and countries with any amount of money, regardless of share price. Trade assets worth more than $4,000.

Free deposits and withdrawals

Find out how to invest wisely. With free deposits and withdrawals, you can keep more of your money. Transfer funds in real-time from your local wallet to your global wallet and vice versa.

Earn dollar returns

Dividends can be earned from your investments. Keep your uninvested cash in your global wallet and begin earning dollar returns.

Dividends can be earned from your investments. Keep your uninvested cash in your global wallet and begin earning dollar returns.

24/7 Customer support

They are always happy to help, whether you’ve been using them for a while or are just getting started. On chaka.com, you can get live chat customer service 24 hours a day, 7 days a week.

Do you need to speak with a live person? You can contact them at +23407011204586.

World class investing experience

Enjoy an easy-to-use app with navigation designed to help you navigate the ups and downs of investing. Download the Chaka app today and join thousands of Nigerians who are earning, building, and growing generational wealth in USD and Naira.

Really fast withdrawals

Do you need to sell a stock quickly and withdraw your funds? Withdrawals from your Chaka wallet are credited to your bank account within 48 hours.

Is Chaka app legit or Scam?

Yes, the Chaka app is safe and legit. Chaka is Nigeria’s first and only digital investment platform that has been licensed by the Securities and Exchange Commission (SEC).

Local assets are listed on the Nigerian Stock Exchange (NSE), cleared through the Central Securities Clearing System (CSCS), and governed by the Securities Exchange Commission of Nigeria (SEC). The US FINRA and the US SEC regulate dollar assets. SIPC insures dollar deposits up to $500,000.

Chaka Investment App FAQs

How can you fund your wallet?

Chaka’s funding procedure is straightforward and quick.

They accept all major credit cards, including Visa, Mastercard, and Verve. You can also use your Naira or Dollar card to deposit money directly into your Chaka Dollar wallet.

How long does it take to withdraw your funds?

Withdrawal of available funds in your account may take up to one business day from the time your request is made

How secure is your brokerage account?

Your brokerage account is safeguarded by bank-grade AES encryption software, which safeguards communication between your device and our servers.

They review their security practices on a regular basis to ensure your safety and security.

Is your account insured?

The Securities Investor Protection Council (SIPC) insures your global dollar brokerage account up to $500,000 in total value and $250,000 in cash.

Chaka Investment Webiste

https://chaka.ng/

Summary

Chaka allows local investors to explore international markets and diversify their portfolios by investing in African and global capital markets.

This is in contrast to existing investment platforms such as PiggyVest and CrowryWise, which are primarily saving platforms with investment options on your savings on their platform.

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