Hisa alternatives in Nigeria (formerly Chaka)

The closest alternatives to Hisa for US stocks in Nigeria are Bamboo and Trove, although Daya Stocks is a good alternative for tokenised stocks. Daya Stocks charges 0.25% per trade and starts from $1, against Hisa's flat 1%, Trove's 1% on foreign shares and Bamboo's 1.5% each way. Trove's 1% matches Hisa exactly, so that swap doesn't save you anything. Risevest is the other name that comes up, but Risevest owns Hisa, so moving there keeps you inside the same company.

Every fee on this page came off each company's own published pages on 14 September 2026. If you want the mechanics first, how to invest in US stocks from Nigeria covers how buying a US share from Nigeria actually works.

Why are people looking for a Hisa alternative?

People look for a Hisa alternative for a few different reasons, and price usually isn't the one that gets solved by switching. Hisa's flat 1% is already level with Trove and cheaper than Bamboo. What actually changes when you move is what you own, which markets you can reach, and which company is holding your money.

These are the reasons that come up most often:

1. The app changed its name. Chaka rebranded to Hisa in June 2026, and existing users kept their portfolios and account histories, as Nairametrics reported at the time. A lot of people went looking for something else simply because the app on their phone stopped being the one they signed up for.
2. The app had a rough patch before the relaunch. In October 2025, before the merged app shipped, the Hisa app carried 2.0 stars on Google Play and 1.8 on the App Store, with users reporting verification loops and frozen withdrawals. The relaunched app now sits at 4.1 stars from 260 reviews, last updated 31 July 2026, so that particular reason has largely been answered.
3. They want to spread their money across two companies. This is the one worth reading the next section for, because the obvious second platform is owned by the first.

Is Hisa the same company as Risevest?

Hisa and Risevest are in the same group. Hisa's Google Play listing names the developer as Rise Vest Technologies Ltd, and Risevest completed its acquisition of Hisa in 2024. So if you're leaving Hisa because of something the company did, rather than something the app did, Risevest isn't a move away from it.

What it means for you: if you were planning to split your money across two platforms so that no single company is holding all of it, Hisa and Risevest don't give you that split. Bamboo and Trove are separate companies from both, and from each other.

Is Chaka still available, or has it gone?

Chaka the app is gone. Chaka the licensed company is not. Chaka rebranded to Hisa in June 2026 and existing users kept their portfolios and account histories. Chaka Technologies Limited still exists as the SEC-licensed digital sub-broker behind Hisa's Nigerian equities trading, according to Hisa's own disclosures.

So there's nothing to move away from on the Chaka side. If your money was in Chaka, it's in Hisa now, under the same licence it was always under.

What are the alternatives to Hisa in Nigeria?

There are four worth shortlisting, and they aren't all the same kind of product. Bamboo and Trove are brokerages, where a broker holds real shares for you. Risevest is a managed portfolio and sits in Hisa's group. Daya Stocks is tokenised exposure, which works differently again.

1. Bamboo. A brokerage with the broadest US catalogue of the four and a company entirely separate from Hisa. Bamboo charges 1.5% commission when you buy and 1.5% when you sell US stocks, with a minimum charge of $1. That's the most expensive per-trade fee in this group, and it's charged twice on a full round trip.
2. Daya Stocks. The newest of the four, and the only one where you hold a token that tracks a US-listed stock rather than the share itself. There's more on how it works further down.
3. Trove. The closest like-for-like swap. Trove's Nigeria page states 1.00% of the transaction amount on foreign shares, excluding SEC and FINRA regulatory fees, and 1.35% on local shares. Nigerian assets are traded through Sigma Securities Ltd. On the foreign-share fee, Trove matches Hisa exactly.
4. Risevest. A different product rather than a cheaper version of the same one. Risevest's own FAQ says it is a digital wealth manager and that users cannot trade or pick securities by themselves. There's no per-trade fee. You pay an annual fee on what you hold instead: 1% a year under $1,000 and 0.5% a year above that. And Risevest owns Hisa.

How much does each Hisa alternative charge?

Hisa charges a flat 1% on every trade, Trove charges 1% on foreign shares, and Bamboo charges 1.5% each way. Daya Stocks charges 0.25% and starts from $1. Risevest charges nothing per trade and 0.5% to 1% a year on everything you hold. Those are different pricing shapes, so the table below also shows what you get for the money.

Which Hisa alternative is cheapest for US stocks?

On the trading fee alone, Daya Stocks is the cheapest alternative to Hisa with a 0.25% fee, the lowest per-trade fee of the platforms that charge one. However, if you are not interested in tokenised stocks, then Trove is the cheapest alternative to Hisa, and it only ties rather than beats it. Both charge 1%. Bamboo is the most expensive at 1.5%, and it charges that again when you sell. On a $1,000 US stock purchase, the fee is $2.50 with Daya Stocks, $10 with Trove or Hisa and $15 with Bamboo.

Sell that same $1,000 position later and Bamboo charges another $15, so a full round trip costs you $30 on Bamboo against $20 on Trove or Hisa. That gap widens with every trade you make, which matters if you buy and sell often and barely matters if you buy once and leave it.

Risevest doesn't fit that comparison, because there's no per-trade fee to compare it on. You pay 0.5% to 1% a year on everything you hold. On $1,000 held for a year that's $10, which lands in the same place as a single Trove trade, except it repeats every year and you don't get to choose what you own.

What does it cost beyond the trading fee?

The trading fee is the headline number, but it isn't the whole cost of using one of these apps from Nigeria. Getting naira in, getting dollars out and moving your holdings elsewhere all carry their own charges. Bamboo publishes its in full, and they're worth reading before you pick it.

What Bamboo publishes for Nigerian users, on its charges and fees page:

• A ₦100 processing fee on naira deposits.
• A currency conversion fee of 0.5% when converting to USD, with a minimum of $1 and a maximum of $5.
• A ₦45 withdrawal fee on naira withdrawals.
• $65 per account to transfer your holdings out to another broker (ACAT), or $55 per position for a DRS transfer.

That last one is the easiest to overlook and the most expensive to discover late. Bamboo also notes 30% US withholding tax on dividends, which is a US tax rule rather than a Bamboo charge, so it applies wherever you hold US shares.

Where does Daya Stocks fit?

Daya Stocks is the newest option on this page and it works differently from the other three. Instead of a broker holding a share in your name, you hold a token that tracks the price of a US-listed stock or ETF, and you fund it in naira. It charges 0.25% per trade and you can start from $1.

The mechanics were set out when the product was covered by TechCabal in July 2026. Ondo Global Markets (BVI) Limited issues the tokens and buys the underlying securities through the US brokerage Alpaca, recording them through the Depository Trust Company. The issuer holds collateral worth at least 100.5% of the tokens outstanding. Tokens stay on the Daya platform, and dividends are reinvested after withholding tax.

What it means for you: you get the price movement and the dividends, not the share itself. No voting rights, and the tokens can't be moved out to an outside wallet or transferred to another broker, so selling is how you exit. If owning the actual share is the point for you, Bamboo or Trove is the better fit. If the fee matters more and you're funding in naira, Daya Stocks' 0.25% is the lowest per-trade fee of the platforms that charge one. How tokenised stocks work goes through this in more detail.

What should you check before you move your money?

Moving between investment apps costs you more than the sign-up time, because in most cases you have to sell what you hold and buy it again on the other side. There are five things worth checking before you start:

1. Whether it's actually a different company. Hisa and Risevest share an owner, so that move doesn't spread your risk across two businesses.
2. Whether you can pick your own stocks. Risevest doesn't let you, by design. If you left Hisa because you wanted to choose what you hold, Risevest takes that away rather than giving you more of it.
3. What it costs to get money out, not just in. Deposit fees are advertised. Withdrawal and conversion fees usually aren't.
4. Whether you can transfer holdings rather than sell them. Selling to move means realising any gain or loss on your own timing rather than the market's.
5. Who actually holds the shares, and under whose licence. Hisa's Nigerian trading runs through Chaka Technologies Limited as an SEC-licensed digital sub-broker, and Trove's local trading runs through Sigma Securities Ltd. That chain is worth knowing before you hand over money.

If you're comparing more than one of these at once, Bamboo vs Trove vs Risevest vs Hisa puts all four side by side on what you own and what you pay.