Meritrade
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.
Meritrade Product Overview
Is Meritrade Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Nigerian retail investors
- First-time stock traders
What It Does Well
- Real-time stock trading
- Online account opening
Things to Check
- Minimum ₦10,000 deposit
- Supported banks funding
About 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.
Meritrade Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataAs of Oct 5, 2026, Meritrade is rated 4.4 on the App Store from 136 reviews and 4.4 on Google Play from 1.7K reviews with 100K+ installs.
Recent Reviews for Meritrade
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Latest Meritrade News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataFrequently Asked Questions About Meritrade
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.
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.
Meritrade operates in Nigeria.
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.
Yes, Meritrade is available on iOS and Android.
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