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Hisa (formerly Chaka) vs Interactive Brokers: 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 Interactive Brokers lists Toronto Stock Exchange, B3 (Brasil Bolsa Balcão), London Stock Exchange, Xetra (Deutsche Börse), Euronext, Saudi Exchange (Tadawul), Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM), and Hong Kong Exchanges (HKEX).
- Only Hisa (formerly Chaka) is licensed by SEC Nigeria.
- Only Interactive Brokers is licensed by SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, and MAS.
- Only Hisa (formerly Chaka) supports M-Pesa for deposits and withdrawals.
Side by side
| Criterion | | |
|---|---|---|
| Rating | ||
| Regulators | SEC Nigeria | SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, MAS |
| Markets | Nigerian Exchange (NGX), Nairobi Securities Exchange (NSE), US exchanges (NYSE, Nasdaq) | US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, B3 (Brasil Bolsa Balcão), London Stock Exchange, Xetra (Deutsche Börse) +5 |
| Products | stocks, ETFs, fractional shares | stocks, ETFs, fractional shares, bonds, options, funds |
| US stock or ETF order | 1% of the order | $0.005 per share, minimum $1 |
| Investor protection | SIPC | SIPC, Irish Investor Compensation Scheme (ICS), Canadian Investor Protection Fund (CIPF) |
| Deposits and withdrawals | Bank transfer, M-Pesa | Bank transfer, SPEI |
| Available only in | Nigeria, Kenya | Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola +216 |
| Minimum deposit | — | No minimum |
| Currency conversion fee | — | 0.03% |
| Headquarters | — | United States |
| Read review | Read review |
Frequently asked questions
Which regulators license Hisa (formerly Chaka) and Interactive Brokers?
Hisa (formerly Chaka) is licensed by SEC Nigeria; Interactive Brokers by SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, and MAS.
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