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Hisa (formerly Chaka) vs Tiger 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 Tiger Brokers lists Hong Kong Exchanges (HKEX), Singapore Exchange (SGX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Australian Securities Exchange (ASX).
Only Hisa (formerly Chaka) is licensed by SEC Nigeria.
Only Tiger Brokers is licensed by MAS, SFC, SEC, and ASIC.
Only Hisa (formerly Chaka) supports M-Pesa for deposits and withdrawals.

Criterion	Hisa (formerly Chaka)	Tiger Brokers On our watch list: check recent regulator actions and withdrawal reports before using it.
Rating	4.3/5 on other platforms 462 ratings	4.6/5 on other platforms 30.2K ratings
Regulators	SEC Nigeria	MAS, SFC, SEC, ASIC
Markets	Nigerian Exchange (NGX), Nairobi Securities Exchange (NSE), US exchanges (NYSE, Nasdaq)	US exchanges (NYSE, Nasdaq), Hong Kong Exchanges (HKEX), Singapore Exchange (SGX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE) +1
Products	stocks, ETFs, fractional shares	stocks, ETFs, fractional shares, bonds, options, funds
US stock or ETF order	1% of the order	$0.01 per share, minimum $1.99
Investor protection	SIPC	SIPC, Investor Compensation Fund (Hong Kong)
Deposits and withdrawals	Bank transfer, M-Pesa	Bank transfer, PayNow, FPS (Faster Payment System)
Available only in	Nigeria, Kenya	—
Minimum deposit	—	No minimum
Founded	—	2014
	Read review	Read review

Which regulators license Hisa (formerly Chaka) and Tiger Brokers?

Hisa (formerly Chaka) is licensed by SEC Nigeria; Tiger Brokers by MAS, SFC, SEC, and ASIC.