Fees & Charges

Activity Fees
Account Opening Free
Monthly Account Maintenance Free
Account Statement Requests Free
Wallet Deposits Free*
Wallet Withdrawals Free*
KYC Verification Free
Trading Commission (Kenyan Stocks) 2.0%
Trading Commission (US Stocks & ETFs) 2.1%


* Wallet deposits and withrawals will not attract any charges from Hisa. However, standard MPESA charges will apply for any deposits and withdrawals made.

Withdrawals

Kindly note that withddrawals from your Hisa wallet will take 1-2 days to process. This is because withdrawals are processed in batch once every day by our brokerage partner Faida Investment Bank.

Taxes

The U.S. government has levied a mandatory 30% Withholding Tax on dividends for individuals buying stock outside of the U.S. This will show up on your statements for any dividends earned.

© 2021 Hisa Technologies Limited. All Rights Reserved

Hisa is Africa’s first wealth management platform that makes investing social. The app allows users access to different investment options like stocks and ETFs. The app also provides educational content like news, podcasts and user generated discussions aimed at improving users’ financial literacy.

All investments involve risks, including the possible loss of capital. Investors should make their own decisions or seek independent advice before trading any securities provided by Hisa. Past performance does not in any way guarantee future results.

Securities trading is offered to self-directed customers by Hisa. Hisa has received a no-objection from the Capital Markets Authority of Kenya to offer the securities trading to the Kenyan public. Brokerage services are provided by the following:

US-traded securities, including fractional trading, are provided to HISA users by DriveWealth LLC, a regulated member of FINRA/SIPC. Drivewealth is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.. Terms of Use are available at https://legal.drivewealth.com/.

Kenyan account traded securities are provided by Faida Investment Bank, a registered broker-dealer and member of the Nairobi Securities Exchange and a fully licensed investment bank and stockbroker by the Capital Markets Authority of Kenya. Through the app, Faida Investment Bank does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors should make their own investment decisions. The services and securities provided may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. Terms of Use are available at https://fib.co.ke/terms-of-use/.