How To Buy Shares On Facebook From Nigeria

According to statistics, almost a quarter of the world’s population uses Facebook on a daily basis, with over 1.62 billion members on the network on average. It boasts almost $120 billion in annual sales, making it one of the most popular locations for Nigerians to buy stock. Here, we’ll go over how to buy Facebook shares directly from Nigeria.

What Are Facebook Shares?

In order to make its shares available for purchase by the general public, Facebook placed them on the stock market in 2012. And, despite facing terrible circumstances, the company’s shares have climbed dramatically in value.

Prior to falling 25% on February 3, 2022, when Meta reported quarterly statistics and sales projections that fell short of analyst expectations, it reached all-time highs in the summer of 2021.

Facebook shares are the official name for one of the world’s largest and most well-known internet enterprises. On December 1st, 2021, the firm changed its name from Facebook to “Meta” in an effort to launch the metaverse, a new virtual reality environment, as well as because it would begin trading under the stock symbol MVRS.

Can You Buy Facebook Shares in Nigeria?

Undoubtedly, many business people would like to obtain or purchase as many valuable shares as possible, but is it now viable to buy Facebook shares in 2022 as a Nigerian?

Yeah! You can now buy Facebook shares from Nigeria if you have a trustworthy broker. To conduct the transactions, you’ll need a brokerage account unless you’re an expert in your sector.

The best time to buy Facebook share is right now because it is now on the decline and has a strong tendency to rise.

Because of TikTok’s tough competition, Facebook’s daily active users declined by 1 million. Apple’s iOS operating system privacy upgrades slowed growth and resulted in a $10 billion loss for Facebook.

How to Buy Facebook Shares in Nigeria

Getting Facebook shares from Nigeria is as easy as ABC. Even if you have no prior expertise, you can purchase shares utilizing this instructional approach.

You can also search for Facebook Shares in your online brokerage account, enter the quantity of shares you want to buy, and then click Buy to start the share-purchasing process.

Here’s how you can buy Facebook sahres in Nigeria:

#1. Locate a reliable broker.

The first step in purchasing Facebook shares is to choose a broker. When choosing a broker for company shares, evaluate the fees, expenditures, and margin rates that the broker offers to acquire Facebook shares and other assets.

Determine whether you can open an account with the broker based on your location (some brokers only open accounts to citizens of specific countries). Some brokers may be too pricey for normal investors looking to acquire Facebook shares, but there are alternatives available in the form of free services and/or commissions.

Keep in mind that online brokers without NASDAQ access will not allow you to purchase Facebook (Meta) shares, so you will need to work with a broker who allows you to trade equities.

Consider the research, instructional materials, and account kinds offered by your online broker to help you trade this stock. Commission-free transactions are offered on several of the leading platforms for buying and selling Facebook shares. Purchase shares with caution from a broker working in a well-regulated financial environment.

#2. Open an account with the broker.

To purchase Facebook shares, you will require a broker account, which will also be used to log and monitor your activities. This is very similar to a bank account, except that it is formed online.

Some brokers require only an email address, while others require several days to complete a KYC background check.

It is reasonable to pass a previous accreditation and verify that you are a legal citizen of a country where the broker is authorized to provide stock brokerage services.

Make a deposit and plan your purchases.

Novice investors may be unsure how many Facebook shares to acquire; fortunately, brokers allow for the purchase of fractional shares if only a small amount is required.

Your broker must first receive your deposit monies before you may trade. This is a simple and fast task.

#3. Decide on your strategy

Choose an investing strategy that ranges from paying a large sum of money all at once to purchasing little amounts of Facebook shares over time for long-term goals. This is performed through the use of dollar-cost averaging.

Regardless of price, it is wise to purchase dollar shares at predetermined intervals (usually monthly).

If the strategy is followed correctly, this technique reduces risk and allows long-term investors to pay average prices that are not excessively high.

Consider how Facebook (Meta) fits into your total investment portfolio, as your portfolio is likely to contain too many social media corporations. Diversifying as much as feasible is usually advantageous.

The following are examples of common generalist strategies for buying Facebook shares:

Stock trading during the day
Swing trading (short- to medium-term buying and selling of stocks)
Purchase of long-term holding shares
Sell the stock short (bet that the price will fall).
Stock trading using algorithms

#4. Place the order and personalize it

This step is the same regardless of which platform you use to buy Facebook shares:

Enter the number of shares you want to buy, then click the buy button to finish the transaction (perform the Facebook buy order).

#5. Keep track of your investments.

After purchasing Facebook shares, your task is not finished; you must also watch the other components of your portfolio. Maintain your dedication to your long-term financial goals.

If you want to keep your Facebook shares for an extended period of time, you should do yearly assessments.

If you use a short-term trading strategy, you will need to analyze your portfolio much more frequently.

There are even individuals who constantly examine day trading strategies.

Other ways to buy Facebook shares

#1. CFDs

CFDs are financial instruments that allow traders to trade stocks, currencies, indices, and commodities without actually owning the underlying assets. They are also another option for purchasing Facebook shares.

CFD trading allows for speculating on Facebook shares without requiring actual ownership. CFDs are sophisticated and high-risk financial instruments, with improper placement potentially resulting in infinite losses.

Leveraged CFD purchases of Facebook shares may be profitable for short-term traders. Profit is feasible as long as the price is in your favor; when the price is against you, calamity hits.

CFD trading allows traders to speculate on an asset’s price by buying or selling short; this is an effort to profit when the price of META stock falls.

#2. Option trading

Option trading, which is used by investors to safeguard their investments or by speculators to profit from unexpected swings in stocks or indexes, could be a viable option for purchasing Facebook shares.

Options trading is simply a bet on market probability. Chart observers (traders) can get significant context-specific knowledge by comparing the behavior of stock prices and options.

It is a very tough type of stock trading that necessitates extensive research in order to appreciate the market’s true mathematical likelihood.

It is strongly discouraged for inexperienced retail salesmen.

#3. Binary Options

Binary options, often known as “all-or-nothing options” or “fixed return options,” are another way to purchase Facebook stock.

Stock prices, currency fluctuations, markets, and economic events can all be wagered on. As a result, you can bet on whether the price of a Facebook share will rise within an hour.

Because the majority of traders lose their whole investment in a short period of time, this market is prohibited in Europe and other places, which is understandable given that it is an extreme form of day trading.

Despite the apparent ease of binary options trading, even experts struggle to predict short-term asset price fluctuations. Binary options traders bet on the price movement of an asset in this high-risk and speculative option.

Buying Facebook shares with binary options is thus discouraged.

Are Facebook Shares A Good Investment?

Even if the Meta group, formerly Facebook, does not pay dividends, Facebook shares will remain an interesting growing firm to follow.

This stock has historically performed well, with the price of Facebook shares increasing by more than 300 percent in less than a decade.

Furthermore, Facebook Meta’s strong investment capability means that its share price may rise in the future or that the company may recompense its shareholders.

Why is Facebook stock a good investment?

Meta, formerly Facebook, has a lot of advantages that lead to an increase in its market share, including:

A strong brand: Facebook is a powerful brand that is one of the top ten most valuable corporations in the world and the most powerful brand in the social media sector.
A varied portfolio: Meta, Facebook’s parent company, owns several companies, including WhatsApp, Instagram, Messenger, Oculus, Workplace, Portal, and Calibra.
Market dominance: As the world’s largest social network, Facebook and its sister brands have over 2.89 billion monthly active members, putting them at the top of their respective industries.
Clients who stick with you: Facebook and its numerous brands are currently used by about 40% of the world’s population, giving the firm a strong position and great brand loyalty.
A terrific employer: Due to its stringent HR procedures, Facebook is regarded as one of the best social media employers.
Innovative leadership: Facebook’s leadership is based on its corporate culture, stability, increasing profitability, innovation, and sustainability, which have allowed it to become an industry leader.
Strong R&D capabilities: Each year, Meta invests heavily in R&D and continues to increase the proportion of its earnings dedicated to innovation.

What are Facebook’s potential risks?

Of course, the following factors weigh more in favor of a future reduction in Meta or Facebook shares:

Privacy concerns: As a result of several complaints about Facebook’s failure to protect users’ privacy, its popularity has declined in several parts of the world.
Strong reliance on advertising: The vast majority of Facebook’s revenue is generated from paid advertising, which creates a considerable risk during economic downturns.
A lack of dividends: The fact that Facebook does not pay dividends to its shareholders is likely to discourage yield-seeking investors from purchasing Facebook stock.
Increasing rivalry: Facebook, which had a near-monopoly when it was launched, is now facing more competition from entrants who are gradually snatching its market share.

How to Sell Facebook Shares

Selling Facebook shares operates in the same way that buying does. It’s merely a backwards step.

Simply open an online brokerage account, enter the ticker symbol for Facebook, and do a stock search for Facebook shares. After entering the number of shares or the selling price, choose a sell order type.

If your Facebook investment turned a profit, you may have to pay capital gains taxes. The amount you owe is determined by your yearly income and the number of years you’ve owned Facebook shares.

How Do I Buy Shares In Coca-Cola?

Computershare Trust Company, N.A. sponsors and administers a Direct Stock Purchase and Dividend Reinvestment Plan through which shares can be purchased. Computershare’s website contains information on the Computershare Investment Plan, including any fees associated with the Plan, which can be viewed and printed.

How Can I Buy WhatsApp Shares?

While you cannot directly invest in WhatsApp, you can purchase Meta shares, which are owned by WhatsApp. Meta is traded on the Nasdaq under the ticker symbol FB.US, and the current share price is $159.15.

Can I Buy Shares From A Phone?

Stock trading apps, like most of the finest investment applications, allow traders to access the stock market from a mobile device. A stock trading app allows you to buy and sell assets as well as access extra app features such as educational resources and goal setting tools.

Coca-Cola and Pepsi have had complete market dominance in this category in Nigeria for decades, with market shares of 50% and 40%, respectively.

In Conclusion,

Facebook is a great place to invest and see it grow. You can invest in Facebook by purchasing shares of index funds or exchange-traded funds (ETFs) through your online brokerage account. It has a lower P/E ratio than the SP 500 and the technology sector.