TradeFi is a desktop and mobile application designed for users to learn about the fixed income market, practice how to trade and finally engage in investing and trading fixed income instruments. The securities TradeFi lets you invest in are Federal Government of Nigeria (FGN) Bonds and Nigerian Treasury Bills (NTB).
TradeFi is endorsed by the FMDQ, a registered OTC Securities Exchange by Security and Exchange Commission (SEC) and Self-Regulatory Organization (SRO) for the OTC markets.
It is simple, just download the TradeFi app from Play Store on your android mobile devices or download the app from iOS App Store or access the app through your apple phone browser. You can also visit www.tradefi.ng.
Anyone with access to an internet connection and a computer, mobile phone or tablet. The app is free to download.
All buy or sale transactions take two business days to settle and you to receive value.
Withdrawals are processed within 2 business days. All withdrawals made outside this time would be processed the following business day.
You will be able to access their statement of accounts on their computers and phones on the TradeFi platform.
Your personal information can be edited in the information section at the top right corner on any page within TradeFi.
This is necessary as it is a part of our KYC (Know Your Customer) process. It is also a security measure so we can attach a face to a profile, to safeguard your account.
You will get a confirmation email activating your account. In the event that unsuitable documents are provided, we will send you an e-mail stating what documents or information is outstanding.
No, you cannot open multiple accounts.
TradeFi needs your BVN for verification and security as it is a number unique to each person, almost like a digital fingerprint. Security
You will need your Bank Verification Number (BVN), passport photograph, valid means of identification and utility bill during the onboarding process. Kindly note that you can complete your registration without uploading documentation but you will be required to upload these documents before liquidating your investments.
No. We do not have any access to your bank account.
Information is protected by an SSL security certificate.
Yes, we store your information so as to ensure smooth, seamless operation on the platform. Client information is needed as part of our KYC process.
Your TradeFi account is very secure. It is equipped with multiple security verifications in our KYC (Know Your Customer) procedure. Your TradeFi account is also BVN backed, which is another security step. Trading Fixed Income
No, you can only invest in Nigerian Fixed income securities on TradeFi.
There are custody fees on your transactions but they are non-refundable if you liquidate your investment before its set maturity.
TradeFi has a minimum investment value of N100,000 and a maximum of N99,000,000 based on what is available and whether you have any limits on your account.
You are allowed to liquidate your investments at any time as long as the market is open and there are willing buyers in the market.
As long as your account is sufficiently funded, you can trade on as many securities as you wish.
There is 24/7 access to the platform, but trading is between the hours of 10am and 2pm on working days. Trading will be disabled on all nationally declared public holidays. Taxes and Fees
No, you will not be paying any taxes on the money you make within this platform as fixed income instruments are tax free.
Fees will be charged on transactions done on the platform in real time.
TradeFi has a seamless withdrawal process. You can initiate withdrawals on the platform by clicking on the withdrawal menu located on the top right corner of the platform and this can be done any time.
Yes, there is a standard withdrawal fee of N52.50
You might have requested to withdraw an amount more than your available or book balance.
No you will not be charged. Your account remains active once it is opened. Other FAQ's
Trades are done in Nigerian naira.
Log into the platform, under “My Transactions”, statements can be exported through the platform in any of these formats – excel, pdf and word
Once you feel like you have adequate knowledge of the Nigerian fixed income market, all you need to do is complete the onboarding process and fund your account. Once this is done, you can begin to trade.
Nigerian Treasury Bills and Federal Government of Nigeria Bonds.
The minimum transaction is N100,000
No, all transactions are consummated on a real time basis by you, therefore you cannot place an order to buy or sell any securities.
Yes, there is a deposit fee. A convenience fee of 1.5% capped at N2000 on the payment gateway side (NIBBS).
Upon clicking the forgot password link on the homepage, password reset information will be forwarded to your email address for your password to be reset.
Suspension of account will most likely be due to incomplete documentation. However, an email will be sent to the client with an explanation.
Yes, your accounts are segregated. You do not have access to other traders’ information, as well information is not batched together.
Comercio Partners Asset Management is the company that created TradeFi, which is a regulated and licensed financial institution and is required to collect financial details from clients.
Once you are logged on to TradeFi, you can click the support button and request a ticket. Our administration will be on standby to help you with your concern as soon as possible.
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