Frequently Asked Questions (FAQs)

Get quick answers to common questions about Innova Securities, investing, security, and our platform.

Frequently Asked Questions (FAQs)

Innova Securities Limited is a fully licensed broker-dealer regulated by the Securities and Exchange Commission (SEC) in Nigeria. We provide access to investment opportunities across stocks, bonds, ETFs, commodities, and more. Our goal is to be the leading broker for technology-focused investing in Africa.

Yes. We are licensed by the Securities and Exchange Commission (SEC) of Nigeria and are a registered Capital Market Operator with a Broker/Dealer License. We are also a Member of the Nigerian Exchange Group (NGX).

Trove is a digital investment product owned by Trove Technologies Ltd., and it is powered by Innova Securities. Both companies are subsidiaries of the same parent company. Innova Securities handles the execution, clearing, and custody services for the Trove platform.

We offer a wide range of financial instruments, including:

  • Nigerian & international stocks

  • Bonds (government and corporate)

  • Commercial papers

  • ETFs (Exchange-Traded Funds)

  • Mutual funds

  • Commodities

  • REITs (Real Estate Investment Trusts)

We provide both individual and institutional investors access to diversified portfolios.

Yes. All client funds are held with licensed third-party custodians and segregated from the company’s operational accounts. This ensures full transparency and security for your investments.

Our fees vary depending on the type of trade and investment. For detailed pricing, please visit our Pricing & Fees page or refer to the Trove app’s fee disclosure under settings.

To start investing, simply:

  1. Download the Trove app or onboard via our web platform.

  2. Complete a simple KYC (Know Your Customer) process.

  3. Fund your wallet.

Begin investing in the instruments of your choice.

Currently, Innova Securities operates under the regulatory framework of Nigeria. However, Nigerians in the diaspora and foreign investors meeting KYC requirements may use affiliated platforms like Trove to access markets.

We strictly adhere to the Nigeria Data Protection Act (NDPA) and international best practices. All data is encrypted in transit and at rest. You can read more in our Privacy Policy.

Innova Securities was formerly known as UCML Securities Ltd. The name change reflects our evolution into a tech-forward capital markets operator. The company’s legal and regulatory history remains intact.

Our head office is located at:
1B Alhaji Danmole Street, Off Adelabu Street, Surulere, Lagos State, Nigeria.

You can reach us through our contact page on the website where you'll find our phone on number email address and a convenient contact form we are also available on social media platforms such as list relevant platform.