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Sarwa vs Thndr: 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 Thndr lists Egyptian Exchange (EGX) and Abu Dhabi Securities Exchange (ADX).
Only Thndr is licensed by FRA (Egypt).
Only Thndr supports Vodafone Cash for deposits and withdrawals.

Criterion	Sarwa	Thndr
Rating	4.6/5 on other platforms 5.3K ratings	3.7/5 on other platforms 29K ratings
Regulators	FSRA (ADGM)	FRA (Egypt), FSRA (ADGM)
Minimum deposit	$500	—
Markets	US exchanges (NYSE, Nasdaq)	Egyptian Exchange (EGX), US exchanges (NYSE, Nasdaq), Abu Dhabi Securities Exchange (ADX)
Products	stocks, ETFs, fractional shares	stocks, ETFs, fractional shares, funds
US stock or ETF order	0.25% of the order, minimum $1	$0.20 per order, 0.1% of the order, $0.0015 per share
Deposits and withdrawals	Bank transfer	InstaPay, Vodafone Cash, Bank transfer, Visa / Mastercard
Investor protection	—	Egyptian Investor Protection Fund
	Read review	Read review

Which regulators license Sarwa and Thndr?

Sarwa is licensed by FSRA (ADGM); Thndr by FRA (Egypt) and FSRA (ADGM).