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/10

Mansa-X

Kenya Kenya | 5-10 years |
Questionable Regulatory License | High Potential Risk

https://mansa.sib.co.ke/

Website

Rating Index

Influence

Influence

C

Influence Index NO.1

Kenya Kenya 5.88
Surpassed 15.50% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

254 777 333 000
https://mansa.sib.co.ke/

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Kenya
Operating Period
5-10 years
Company Name
Mansa-X
Contact Number
254 777 333 000
Business Region
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • sib.co.ke
    45.60.98.251
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

Aspect Information
Registered Country/Area Kenya
Founded Year 2019 (KES), 2022 (USD)
Company Name Mansa-X Fund
Regulation Unregulated
Services Investment management, financial services
Customer Support Phone, mobile, WhatsApp, email

Overview

Mansa-X Fund, established in 2019 for Kenyan Shilling (KES) transactions and 2022 for United States Dollar (USD) transactions, operates in Kenya. As an unregulated entity, it offers investment management and financial services to its clients. For customer support, Mansa-X provides accessibility through various communication channels, including phone, mobile, WhatsApp, and email, ensuring prompt assistance for inquiries or assistance.

Overview

Regulation

Mansa-X operates in an unregulated environment, lacking oversight or guidelines from governing bodies. This lack of regulation may lead to potential risks for users or stakeholders involved with Ansa-X. Without regulatory measures in place, ensuring transparency and accountability within the platform could become challenging.

Regulation

Pros and Cons

Pros Cons
  • Access to Resilient Investment
  • Lack of Regulation
  • Genuine Diversification
  • Comprehensive Customer Support

Investing in Mansa-X Fund offers several advantages, including access to resilient investment opportunities rooted in African success and innovation. The fund also provides genuine diversification across various asset types and geographical regions, mitigating correlation risks and enhancing potential returns. Additionally, Mansa-X offers comprehensive customer support, ensuring clients can access assistance promptly through various communication channels.

However, one notable concern is the lack of regulation, which may pose potential risks due to the absence of oversight or guidelines from governing bodies. Despite this drawback, the benefits of investing in Mansa-X Fund outweigh the risks for many investors seeking diversified and resilient investment options.

Services

Fund Profile:

Managed by Standard Investment Bank

Services

Base Currency: KES (Kenyan Shilling) & USD (United States Dollar)

Fund Inception: Jan 2019 (KES), Oct 2022 (USD)

AUM (Assets Under Management): 19.5 Billion KES, 20.6 Million USD

Minimum Investment: 250,000 KES, 2,500 USD

Minimum Top-Up: 100,000 KES, 1,000 USD

Financial Services Charge: 5%

Performance Charge: 10% above hurdle rate

Fund Profile

Investment Strategy:

Multi-Asset Approach: Diversifies across various assets, classes, sectors, and geographies.

Long/Short Trading Model: Utilizes a sophisticated model to maximize returns amidst market volatility while safeguarding against downturns.

Investment Universe:

Global Investments: Including single stocks & stock indices, fixed income, derivatives, precious metals, and commodities.

Local Investments: Comprising cash & cash equivalents, fixed income, NSE derivatives, exchange-traded funds (ETFs), and NSE equities.

Investment Strategy

Client Benefits:

Access to Resilient Investment: Rooted in the legacy of African success and innovation, providing a gateway to prosperous investment opportunities.

Genuine Diversification: Across different asset types and geographical regions to mitigate correlation risk and enhance returns on investment.

Mansa-X Fund offers a comprehensive suite of investment services tailored to cater to both local and global investors, emphasizing diversification and maximizing returns while minimizing risks.

Customer Support

Mansa-X Fund provides comprehensive customer support with various contact options:

Contact Details:

  • Address: 16th floor JKUAT Building, Kenyatta Avenue, P.O. Box 13714 – 00800, Nairobi, Kenya

  • Telephone: +254(0) 20 2277 000

  • Mobile: +254(0) 777 333 000

  • WhatsApp: +254(0)777 333 000

  • Email: clientservices@sib.co.ke

Accessible Support: Clients can connect through phone, mobile, WhatsApp, or email, ensuring easy access for inquiries or assistance. Our team is dedicated to providing professional and knowledgeable support to address any concerns promptly and effectively.

Customer Support

FAQs

Q1: Is Mansa-X Fund regulated?

A1: No, Mansa-X operates in an unregulated environment, lacking oversight or guidelines from governing bodies.

Q2: What is the minimum investment required?

A2: The minimum investment is 250,000 KES or 2,500 USD.

Q3: How does Mansa-X diversify investments?

A3: Mansa-X follows a multi-asset approach, diversifying across various assets, classes, sectors, and geographies.

Q4: What are the contact options for customer support?

A4: You can reach Mansa-X Fund's customer support via telephone, mobile, WhatsApp, or email.

Q5: What risk warning should I be aware of?

A5: Online trading carries substantial risk, potentially leading to the total loss of invested funds.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • High Potential Risk

Wiki Q&A

Is it risky to trade with Mansa-X?

Trading with Mansa-X carries significant risk due to its operational structure. The broker holds no valid forex trading licenses from recognized international regulators, operates without standard investor protection frameworks, and has a low WikiFX total score of 1.54, which places it in the highest risk assessment category.

04-02
United States

What is the current regulatory status of Mansa-X?

Mansa-X operates without any verified, mainstream financial regulation. Its regulatory status is listed as 'No Regulation', and it does not hold licenses from any recognized international authorities, meaning client funds and operations lack the oversight and compensation schemes common to regulated brokers.

04-02
United States

Where is Mansa-X registered?

Mansa-X is registered in Kenya. The broker has been operational for an estimated 5 to 10 years, though this registration does not equate to regulatory authorization for forex trading from recognized financial authorities.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States
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