Djamo review

There is no minimum deposit and no account fee, so opening an account costs nothing. The charges come later, on the trades themselves and on moving money, where deposit and withdrawal fees of 1.5% to mobile money and banks apply to mobile money and banks.

The market list covers stocks and funds. That makes it a straightforward pick for someone who wants shares and funds in the same account, and a poor fit for anyone who needs other instruments.

Djamo sits under AMF UMOA in Côte d'Ivoire. Check the current licence terms with the regulator before you fund the account, since the protection that applies depends on the licence it holds.

Access runs through a mobile app, the platform listed for the account. Anyone who wants to research holdings on a larger screen would be better served by a broker that also offers a desktop platform.

It suits first time investors who want to start with a minimum deposit of XOF 0 and hold both stocks and funds together. Investors needing a wider market, or a desktop platform, will find the account too narrow.

Across stock brokers on the site, a median of 70.15% of retail accounts lose money. Losses are normal in stock trading, so treat any starting balance as money that may shrink.

Payments run through mobile money and banks, and both directions carry fees of 1.5% to mobile money and banks. Withdrawals therefore cost the same proportion as deposits, which matters if you expect to move money regularly.

Djamo's minimum deposit of XOF 0 sits at the low end of the range for stock brokers, where the median is €6.17. That keeps the barrier small, though the payment fees still apply to every transfer.