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Freedom24 vs Hisa (formerly Chaka): fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only Hisa (formerly Chaka) lists Nigerian Exchange (NGX) and Nairobi Securities Exchange (NSE).
Only Freedom24 is licensed by CySEC.
Only Hisa (formerly Chaka) is licensed by SEC Nigeria.
Only Freedom24 supports Visa / Mastercard for deposits and withdrawals.
Only Hisa (formerly Chaka) supports M-Pesa for deposits and withdrawals.

Criterion	Freedom24	Hisa (formerly Chaka)
Rating	4.1/5 on other platforms 5.8K ratings	4.3/5 on other platforms 462 ratings
Regulators	CySEC	SEC Nigeria
Markets	US exchanges (NYSE, Nasdaq)	Nigerian Exchange (NGX), Nairobi Securities Exchange (NSE), US exchanges (NYSE, Nasdaq)
Products	stocks, ETFs, bonds, options	stocks, ETFs, fractional shares
US stock or ETF order	$2 per order, $0.02 per share	1% of the order
Investor protection	Investor Compensation Fund (ICF)	SIPC
Deposits and withdrawals	Bank transfer, Visa / Mastercard	Bank transfer, M-Pesa
Founded	2013	—
Headquarters	Cyprus	—
Available only in	—	Nigeria, Kenya
	Read review	Read review

Which regulators license Freedom24 and Hisa (formerly Chaka)?

Freedom24 is licensed by CySEC; Hisa (formerly Chaka) by SEC Nigeria.