One way you can build income is by making a suitable investment. Thanks to technology, investing is closer to our doorsteps than in the past, when if you didn’t go to traditional banks, you wouldn’t know much about investing.

Because of this, there has been an increase in digital platforms, allowing Nigerians to invest right from the comfort of their homes. One of those investment platforms in Nigeria is Chaka Investment, which we will shed more light on in this article. With the Chaka investment platform, you can start your investment journey in just a few steps. 

What Is the Chaka Investment Platform All About?

Chaka is an investment platform in Nigeria, also known as one of Nigeria’s renowned investment platforms. This platform gives you access to a wide range of stocks and ETFs from more than 4,000 local and international companies.

The company started in 2019 as a privately owned digital investment platform that allows you to invest as little as $1,000 or $10 in stocks. Chaka has partnered with many broking and stock firms in Nigeria and the United States to facilitate stock investments.

This technology solutions company wants to make it easier for African individuals and businesses to access wealth management opportunities and digital investments without boundaries. 

What Services Does Chaka provide?

The Chaka investment platform offers the following unique features:

1. SmartInvest

You can put your entire investment portfolio on the Chaka platform by using the SmartInvest feature. Using this feature, the platform will automatically build an investment portfolio based on your risk tolerance and goals.

2. ChakaStocks

The ChakaStocks option lets you purchase, trade, and own stocks from over 40 countries, including the US and the UK.

Additionally, the Chaka platform allows you to access over 4000 ETFs and stocks on the NASDAQ, the New York Stock Exchange, and the Nigerian Stock Exchange.

How Do I Register on Chaka?

If you want to register on this investment platform, follow the steps listed below:

1. Install the Chaka app on your phone. You can download this from the iPhone App Store or the Google Play Store.

2. Register on the investment platform by entering your basic information.

3. Lastly, verify the details you entered. Once you complete this step, your account is set.

You can also register through Chaka’s official website, www.chaka.com. Just visit their site, tap the menu, and click the “Start Investing” toolbar.  

Is Chaka Investment Safe to Invest In?

It is safe to make investments on the Chaka platform, yes. It is properly approved and governed by the relevant authorities. This platform uses AES-level encryption to encrypt and protect all user traffic, ensuring user security. Your transaction and personal information are guaranteed to remain private thanks to the strong security offered by the AES-level encryption between your phone and the Chaka servers.

Steps to Begin Investing in Chaka?

To begin investing on the Chaka platform, follow these steps: 

1. Create an account on the mobile app

2. Next, fund your Chaka digital wallet

3. Build your portfolio by investing in stocks

When you use SmartInvest, Chaka automatically creates a portfolio tailored to your needs.  

What Requirements Do I Need to Open a Chaka Account?

Here is the information you have to provide if you want to create a Chaka wallet and start investing: 

1. Your complete name, contact number, and email address 

2. Bank verification number (BVN)

3. A valid ID

What Is the Minimum Amount to Invest in the Chaka Platform?

You can invest as little as $10 or N1000 in Chaka as an investor. Visit the Chaka FAQ section to learn more about the costs associated with using this platform.

How Much is the Investment Returns On the Chaka Platform?

Your returns on investment on their platform are not under the control of Chaka. It functions similarly to a digital stock broker by acting as a go-between for you and stocks and ETFs worldwide. The performance of the stocks you purchase is what essentially determines your ROI.

Can You Lose Money by Investing With Chaka?

There is always an underlying risk when making investments. You will lose money if the stocks you buy depreciate because there is no 100% assurance that they will perform well.

How to Contact Chaka for Any Issue?

Here are the ways to reach out to the Chaka investment platform:

Address: 6, Osborne Road, Ikoyi, Lagos, Nigeria 

Phone Number: 07011204586

Email Address: [email protected]

Website: www.chaka.com