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Interactive Brokers 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 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 Interactive Brokers is licensed by SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, and MAS.
Only Ndovu is licensed by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).
Only Ndovu supports M-Pesa for deposits and withdrawals.

Criterion	Interactive Brokers	Ndovu
Rating	4.5/5 on other platforms 118.8K ratings	5.0/5 on other platforms 583 ratings
Regulators	SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, MAS	CMA (Kenya), CMA (Rwanda), CMA (Uganda)
Minimum deposit	No minimum	—
Markets	US exchanges (NYSE, Nasdaq), Toronto Stock Exchange, B3 (Brasil Bolsa Balcão), London Stock Exchange, Xetra (Deutsche Börse) +5	US exchanges (NYSE, Nasdaq)
Products	stocks, ETFs, fractional shares, bonds, options, funds	stocks, ETFs, fractional shares, funds
US stock or ETF order	$0.005 per share, minimum $1	4.5% of the order
Currency conversion fee	0.03%	—
Investor protection	SIPC, Irish Investor Compensation Scheme (ICS), Canadian Investor Protection Fund (CIPF)	—
Deposits and withdrawals	Bank transfer, SPEI	M-Pesa, Bank transfer
Available only in	Åland Islands, Albania, Algeria, American Samoa, Andorra, Angola +216	Kenya
Headquarters	United States	Kenya
Founded	—	2021
	Read review	Read review

Which regulators license Interactive Brokers and Ndovu?

Interactive Brokers is licensed by SEC, CIRO, FCA, CBI, ASIC, SFC, SEBI, Kanto LFB, and MAS; Ndovu by CMA (Kenya), CMA (Rwanda), and CMA (Uganda).