Fees

Credit/Debits Cards

Deposits (Naira & Dollar Wallets)

Payment Gateway (Debit/Credit Cards) – 1.5%

+ ₦100 for transactions over ₦2,500

Bank Transfers

Deposits & Withdrawals

Withdrawals (Naira & Dollar Wallets) – ₦100

Bank transfers (Deposits) are free

Naira Wallet

Trading Fees (Buy - Nigerian Stocks)

SEC (Securities & Exchange Commission) – 0.30%

CSCS Trade Alert – ₦4.20

VAT on commissions – 5% of NSE, SEC & Brokerage fees

Stamp Duty – 0.075%

Brokerage – 1.35%

Platform Fees – 0.5%

Naira Wallet

Trading Fees (Sell - Nigerian Stocks)

NSE (Nigerian Stock Exchange) – 0.30%

CSCS Trade Alert – ₦4.20

CSCS – 0.30%

VAT on commissions – 5% of NSE, SEC & Brokerage fees

Stamp Duty – 0.075%

Brokerage – 1.35%

Dollar Wallet

Trading Fees (Buy - Foreign Stocks)

1% of Transaction Amount (Minimum of $2.5)

Dollar Wallet

Trading Fees (Sell - Foreign Stocks)

1% of Transaction Amount (Minimum of $2.5)

* Rates for FX are determined by the liquidity providers (Bank/FX Providers) and vary from day to day.

* A one time fee of $5 is required to open a US brokerage account. This fee would be charged upon activation of your dollar wallet. To learn more about W-8 BEN click here.

* To transfer your Stocks out of Trove’s Asset managers. You would be required to shut down your online account. Please send us a mail at hello@troveapp.co if you would like to do so.