What is Meritrade and how does it work?

Meritrade is an online stockbroking platform by Meristem Securities for trading equities on the Nigerian Stock Exchange. You open an account starting from ₦10,000, fund it via bank transfer or card, search for stocks, place buy or sell orders at market or limit prices, and manage your portfolio with real-time quotes and insights.

How much does Meritrade cost?

You can open an account and start trading with as little as ₦10,000. Trading involves commissions and fees based on the transaction, such as a small percentage shown in order summaries.

How do I sign up for Meritrade?

Visit meritrade.com, click Sign Up, and complete the account opening process which requires a minimum of ₦10,000. Download the app from the App Store or Google Play to get started after signup.

Does Meritrade have a mobile app?

Yes, Meritrade has a mobile app available on iOS (App Store) and Android (Google Play).

Who is Meritrade best suited for?

Meritrade is best suited for beginner and experienced investors in Nigeria looking to trade stocks conveniently online or via mobile.

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Meritrade: Trade Nigerian stocks in real time from any… – Liners

Meritrade

🇳🇬 Nigeria

An online stockbroking platform for Nigerian retail investors to open an account from ₦10,000, trade equities in real time, access research, and track portfolios.

Available on:WebAndroidiOS

Visit Meritrade

Meritrade is an online stockbroking platform from Meristem Securities for Nigerian retail investors who want to buy and sell equities in real time and manage a stock portfolio from anywhere.

Key capabilities include:

Real-time equity trading on the Nigerian Exchange (NGX), with support for placing market and limit orders and viewing live stock quotes
Portfolio management, including portfolio details and monitoring performance in one place
Market tracking and insights, including market overviews, research insights, and in-app educational tips designed for beginners
Account and security tools, including funding and withdrawals, inter-member transfers, fingerprint authentication, and optional dark theme

Available on Web, Android, and iOS.

It targets individual retail investors in Nigeria, including beginners learning how to trade and experienced traders who want on-the-go market access.

Notable in the Nigerian market context, the platform is operated by Meristem Stockbrokers Limited, a SEC-licensed stockbroker in Nigeria and a member of the Nigerian Exchange Group (NGX), and it has been in operation since 2014.

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