Hisa Offers Zero-Commission Trading Through Dec 31, 2026

In Short

Hisa says it is offering zero-commission trading on eligible Nigerian and US stocks through December 31, 2026. The company says investors will still pay applicable regulatory and third-party charges.

What Happened

Hisa published a post explaining what investing can cost beyond the price of the shares, and how those costs add up over time.

The company focuses on trading commissions, which are fees charged by the brokerage or investment service provider for executing a buy or sell order. Hisa says many platforms calculate commissions as a percentage of the transaction value, so the fee rises as the trade amount increases. It also notes that commissions usually apply both when you buy and when you sell.

Hisa also points to other fees tied to stock market transactions in Nigeria. It lists charges from the Nigerian Exchange (NGX), the Central Securities Clearing System (CSCS), and the Securities and Exchange Commission (SEC). Depending on the transaction, it says investors may also face exchange fees, clearing fees, regulatory levies, stamp duty, and applicable taxes.

The post adds that “zero-commission” offers typically mean a platform is waiving its own commission, not removing every fee involved in a trade.

Separately, Hisa announced zero-commission trading on eligible Nigerian and US stocks through December 31, 2026. It says applicable regulatory and third-party charges still apply. Hisa also says its standard trading commission outside the offer is a flat 1% across markets.

Why It Matters

For retail investors building long-term portfolios, fees can reduce how much money actually goes into buying shares, and those costs can compound with frequent trading.

Hisa’s explanation also highlights a common point of confusion in investing apps. Even when commissions are waived, investors may still see charges from exchanges, clearing systems, and regulators in the final transaction breakdown.