How Nigerians Can Start Buying Stocks on Hisa with $1

You do not need hundreds of thousands of naira to start investing in stocks. With fractional shares, you can buy a portion of a stock instead of paying for a whole one, and that is the idea behind Hisa, a stock trading app launched in April by Chaka Technologies Limited.

Hisa replaced the earlier Chaka app with a simpler design, more stocks and lower fees. If you have thought about investing and were not sure where to begin, here is what you should know before you download it.

You can start with $1. Hisa supports fractional shares, so you do not need enough money for a full share. A beginner can start with $1, which is less than ₦1,500, and increase the amount over time, which is useful if you want to test the market, manage your risk or simply do not have much to invest yet. Investing still carries risk, and a small amount lowers what you stand to lose without guaranteeing any gain.

You can buy Nigerian and US stocks. The app gives you access to both markets from one account. Nigerian shares are priced in naira and US shares in dollars, which means the value of what you hold can move with the exchange rate as well as with the company's share price. More choice also means more responsibility, so understand what a company does and whether it suits your goals and risk tolerance before you buy.

New users pay no commission until the end of the year. New users who join Hisa before the end of the year pay zero commission on all buy and sell trades in the Nigerian and US markets, and when the promotion ends they still get their first three trades commission-free. Fees take a bigger share of small orders, so keeping them low matters most when you are just starting.

The company behind it is SEC-licensed. Hisa is run by Chaka Technologies, the first startup to be issued a digital sub-broker licence by the Securities and Exchange Commission. Your trades connect to the market through regulated pathways, and checking who regulates a platform is a good habit before you put money on any investment app.

You can speak to a real person. Hisa offers human support through in-app chat, email, WhatsApp, social media and phone, during trading hours and after them. If you want to learn first, the team hosts daily stock market spaces on social media, and a Telegram channel with thousands of members shares information and questions.

Before your first trade, decide how much you can afford to set aside, learn what the company does and consider spreading your purchases across more than one stock, because share prices move up and down and you can get back less than you put in.

To get started, visit www.hisa.co or download Hisa from the App Store or Google Play. Making investing easier does not make it risk-free, but removing practical barriers such as high minimums, fees and unanswered questions makes a first informed decision more achievable.

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Source: Legit.ng