About Fun Managers
About Fun Managers
Fun Managers is a forex and CFD broker registered in the United Kingdom, founded on 23 March 2020. The broker operates the website fmsswa.com and presents itself as an online trading provider for retail clients. Despite its UK registration, it does not hold authorisation from the Financial Conduct Authority (FCA) or any other financial regulatory body, which is a significant concern for traders seeking regulatory protection.
According to its registration records, Fun Managers is a limited company incorporated in England and Wales. However, the absence of a regulated status means that clients have no recourse to a financial ombudsman or compensation scheme in the event of disputes or insolvency. Traders should exercise extreme caution when considering this broker.
Account Types and Trading Conditions
Fun Managers offers two account tiers: Basic and Standard, both requiring a minimum deposit of $1,000 (or equivalent in Euros). The maximum leverage available on both accounts is 1:100. The similarity between the two tiers suggests that they may differ in other features such as spreads, commissions, or additional services, but no further details are publicly available from verified sources.
The broker lists its trading instruments as foreign exchange, metals, indices, and oil. This product range is typical of retail CFD brokers, allowing clients to speculate on price movements across multiple asset classes. However, without regulatory oversight, the pricing and execution quality remain unverified.
Regulatory Status and Risk Assessment
Fun Managers currently holds no licences from any recognised financial regulator. The broker's UK registration does not equate to regulatory authorisation for financial services. Traders should be aware that dealing with unregulated brokers carries substantial risk, including the potential for misappropriation of funds, unfair trading practices, and lack of transparency.
FXCanary's scam risk score for Fun Managers is 75 out of 100, classified as 'Severe'. This score reflects the absence of regulation, limited public information, and the high-risk profile of the broker. Prospective clients are strongly advised to verify any broker's regulatory status independently before depositing funds.
Company Information
The broker is registered as a private limited company in the United Kingdom, with company formation date 23 March 2020. The official website domain is fmsswa.com. No physical address, contact details, or management information are disclosed in the known facts, further reducing transparency.
Given the lack of verifiable operational history or third-party audits, it is difficult to assess the broker's financial stability or business practices. Traders should consider this information carefully before engaging with Fun Managers.
Overview compiled by FXCanary from regulatory records and public data. full Fun Managers review