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Hisa (formerly Chaka) 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 Hisa (formerly Chaka) lists Nigerian Exchange (NGX) and Nairobi Securities Exchange (NSE).
Only Hisa (formerly Chaka) is licensed by SEC Nigeria.
Only Ndovu is licensed by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).

Criterion	Hisa (formerly Chaka)	Ndovu
Rating	4.3/5 on other platforms 462 ratings	5.0/5 on other platforms 583 ratings
Regulators	SEC Nigeria	CMA (Kenya), CMA (Rwanda), CMA (Uganda)
Markets	Nigerian Exchange (NGX), Nairobi Securities Exchange (NSE), US exchanges (NYSE, Nasdaq)	US exchanges (NYSE, Nasdaq)
Products	stocks, ETFs, fractional shares	stocks, ETFs, fractional shares, funds
US stock or ETF order	1% of the order	4.5% of the order
Investor protection	SIPC	—
Deposits and withdrawals	Bank transfer, M-Pesa	M-Pesa, Bank transfer
Available only in	Nigeria, Kenya	Kenya
Founded	—	2021
Headquarters	—	Kenya
	Read review	Read review

Which regulators license Hisa (formerly Chaka) and Ndovu?

Hisa (formerly Chaka) is licensed by SEC Nigeria; Ndovu by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).