Go to FxProStandard Investment Bank (SIB / Mansa X) in Kenya — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: only 55% of the weight has data, need 55%
- Safety20%100
- Payouts15%40
- Track record10%no data
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Kenya residents
- Standard Investment Bank Limited
- Local standing
- CMA-regulated domestic (investment bank / money manager)
- Licence as the register states it
- CMA-licensed investment bank; licensed by CMA as Kenya's first Money Manager (trading as Mansa-X); member of the NSE; authorised CDSC Central Depository Agent; KASIB member
- Leverage for this entity
- No retail forex account to public; Mansa-X itself uses long/short strategies and futures/options exposure internally (institutional). Retail equity margin limited
- The firm behind it
- Established Kenyan investment bank and NSE member; Mansa-X is a fast-growing CMA-licensed special fund reporting ~18.13% p.a. average net return since inception; SIB is also a co-manager of Safaricom's Ziidi MMF
- What we hold against it
- not verified at review (Mansa-X ranked top-three in CMA licensed-funds report; no enforcement action found)
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
No retail forex account to public; Mansa-X itself uses long/short strategies and futures/options exposure internally (institutional). Retail equity margin limited
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youCMA-regulated domestic (investment bank / money manager)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Mansa-X Special Fund investment account (KES, USD share classes), CDS/brokerage trading accounts for equities. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| M-Pesa | 24 | 0 | 50 |
| Bank transfer | 24 | 0 | 50 |
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://sib.co.ke/mansa-x/
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (2 methods · 1 local)
M-Pesa, bank transfer
- M-Pesalocal
- Bank transfer
- Account currency
- KES (also USD share class for Mansa-X)
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- SIB investment platform / Mansa-X onboarding
- NSE trading for equities
| Class | Leverage |
|---|---|
| SIB investment platform / Mansa-X onboarding | —KE |
| NSE trading for equities | —KE |
Pros and cons(2 for and 5 against, each tied to a figure on this page)
- Authorised by the Kenya regulator in its own register
- Safety 100 of 100, its strongest of 4 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- Min deposit 2500 USD, over the Kenya median 25
- Withdrawal in 72 h, over the Kenya median 48
- Platforms 0 of 100, its weakest of 4 scored axes
- Not scored on reviews, round-turn cost: the broker publishes no figure we could read
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 8KE
- Min deposit, USD
- 100 groupKE
- Leverage
- 500 group
- Rank in this country
- #1
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 5KE
- Leverage
- 400KE
- Rank in this country
- #6
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 500 group
- Rank in this country
- #10
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Kenya score. Full methodology
| Axis | Weight | What is measured | Standard Investment Bank (SIB / Mansa X) |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Where Standard Investment Bank (SIB / Mansa X) sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 2500 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Standard Investment Bank (SIB / Mansa X) accept residents of Kenya?
- Yes. CMA-regulated domestic (investment bank / money manager) Onboarding entity: Standard Investment Bank Limited
- Is Standard Investment Bank (SIB / Mansa X) licensed to serve clients in Kenya?
- CMA-licensed investment bank; licensed by CMA as Kenya's first Money Manager (trading as Mansa-X); member of the NSE; authorised CDSC Central Depository Agent; KASIB member Checked on 11.07.2026.
- Which trading platforms does Standard Investment Bank (SIB / Mansa X) support?
- SIB investment platform / Mansa-X onboarding, NSE trading for equities. Instruments: Mansa-X multi-asset (global equities NYSE/LSE/FRA/HKG, futures & options on metals/commodities/rates); plus NSE equities, bonds, fixed income
- How can I withdraw money from Standard Investment Bank (SIB / Mansa X) in Kenya?
- M-Pesa, bank transfer
- What account types does Standard Investment Bank (SIB / Mansa X) offer?
- Mansa-X Special Fund investment account (KES and USD share classes); CDS/brokerage trading accounts for equities