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Risevest vs Sarwa: 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 Sarwa lists US exchanges (NYSE, Nasdaq).
Only Risevest is licensed by SEC Nigeria.
Only Sarwa is licensed by FSRA (ADGM).
Only Risevest supports Mobile Money (MTN MoMo, Orange Money) for deposits and withdrawals.

Criterion	Risevest	Sarwa
Rating	4.7/5 on other platforms 11.4K ratings	4.6/5 on other platforms 5.3K ratings
Regulators	SEC Nigeria	FSRA (ADGM)
Products	stocks, bonds	stocks, ETFs, fractional shares
Investor protection	SIPC	—
Deposits and withdrawals	Bank transfer, Visa / Mastercard, Mobile Money (MTN MoMo, Orange Money), PayPal	Bank transfer
Available only in	Nigeria, Uganda, Kenya, Ghana	—
Minimum deposit	—	$500
Markets	—	US exchanges (NYSE, Nasdaq)
US stock or ETF order	—	0.25% of the order, minimum $1
	Read review	Read review

Which regulators license Risevest and Sarwa?

Risevest is licensed by SEC Nigeria; Sarwa by FSRA (ADGM).