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vs 
GBM vs Ndovu: 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 GBM lists Mexican Stock Exchange (BMV).
- Only GBM is licensed by CNBV.
- Only Ndovu is licensed by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).
- Only GBM supports SPEI for deposits and withdrawals.
- Only Ndovu supports M-Pesa and Bank transfer for deposits and withdrawals.
Side by side
| Criterion | GBM | Ndovu |
|---|---|---|
| Rating | ||
| Regulators | CNBV | CMA (Kenya), CMA (Rwanda), CMA (Uganda) |
| Minimum deposit | MX$100 | — |
| Markets | Mexican Stock Exchange (BMV), US exchanges (NYSE, Nasdaq) | US exchanges (NYSE, Nasdaq) |
| Products | stocks, ETFs, fractional shares, bonds, funds | stocks, ETFs, fractional shares, funds |
| US stock or ETF order | 0.25% of the order | 4.5% of the order |
| Deposits and withdrawals | SPEI | M-Pesa, Bank transfer |
| Founded | 1985 | 2021 |
| Headquarters | Mexico | Kenya |
| Available only in | — | Kenya |
| Read review | Read review |
Frequently asked questions
Which regulators license GBM and Ndovu?
GBM is licensed by CNBV; Ndovu by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).
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