Is Chaka licensed by the SEC?

Is Chaka licensed by the SEC?

Chaka has become the frontline Fintech company to receive the SEC’s Digital Sub-Broker/Sub-Broker Serving Multiple Brokers through a digital platform license. This will enable us to continue to power digital investing for Nigerian companies, retail investors, and institutional investors.

Dear Investors,

On March 26, we published a statement stating that Chaka had taken steps to register for a “newly created license” with the Securities Exchange Commission of Nigeria (SEC). Today, we are happy to announce that we have been granted registration and licensed by the SEC as a Digital Sub-Broker/Sub-Broker Serving Multiple Brokers Through a Digital Platform.

This license cements Chaka’s status as a frontline Fintech company powering investing for Nigerian companies, retail investors and institutional investors. As such, Chaka’s operations remain within SEC’s purview as we accelerate our mission to enable individuals and businesses to invest in capital markets.

We are committed to ensuring that our investors have the requisite safeguarding and security as any regulated financial institution, and receiving SEC’s first fintech license demonstrates our sustained commitment to regulatory compliance.

This license is an important step towards achieving our vision to level the playing field for African investors. And just as importantly, a defining moment for the future of digital investments in Nigeria, and Africa at large.

We thank you for your continued trust and support. Our mission remains the same.


The Chaka Team

To learn how you or your business can invest through our licensed platform, visit or download the Chaka app on Playstore and App store.

    • Related Articles

    • What are the fees on Chaka

      How are Dynamic Fees calculated? Fees are calculated by your 30-day trade value (including your current transaction). What is a 30-day Trade Value? Your 30-day trade value refers to the sum of all the trades you’ve placed in the last 30 days. For ...
    • How to access Chaka on TradingView

      Trade directly on TradingView's charts using Chaka How do I connect to Chaka as a broker on Trading View? Access to Chaka on TradingView is currently by invite only. Request for an invite via and we will be in touch! How many ...
    • How to get verified and start trading on Chaka

      Now that you’ve signed up on the Chaka App, It’s time to verify your brokerage account. To get verified for your local and global trades, you are required by regulatory authorities to complete the KYC process. What is KYC? Know Your Customer (KYC) is ...
    • How do I fund my Chaka wallet?

      Upon completion of verification, you can fund your global ($) or local (N) wallet with any amount, starting from $10 or N1000 using either bank cards, bank transfers (instant funding) or through your bank’s USSD code. Here is a step by step guide on ...
    • How do referrals work on Chaka?

      Start building wealth with the people you love. With the Chaka referral program, when you refer a friend, you and your friend can earn up to $50 each to invest in over 4,000 stocks on Chaka.  How many friends can I invite? As many as you like. ...