Score

1.23 /10
Danger

Warren Bowie & Smith

Mauritius

2-5 years

Questionable Regulatory License

High Potential Risk

B

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Score

Regulatory Index3.17

Business Index6.81

Risk Management Index0.00

Software Index4.32

License Index2.69

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
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Company Name

Securcap Securities (MU) Ltd

Company Abbreviation

Warren Bowie & Smith

Platform registered country and region

Mauritius

Company website

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  • 447418350557

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Warning: Low score, please stay away! 4
Previous Detection : 2026-11-14
  • The WikiFX cloud system has detected an excessive number of complaints against this broker, leading to its placement on the WikiFX Complaint Blacklist. Please be aware of the high risk.
  • This broker lacks valid forex regulation. Please be aware of the risk!

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Pyramid scheme complaint
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Scam

Warren Bowie &Smith is a fraud,scams....

Very bad experience in this platform. The account manager maned Mr Jake is a lier,fraud.He talk very nicely until you are depositing money but if you stopped deposting he will not call and msg.Very unprofessional guy.I had deposited total amounts $ 4951.He will give you some profit at beginning but when you will ask for withdrawal then he will give you wrong trade and ruin you.3 times he make my account liquidation and asked for deposited.and if you were not deposit then he will statrted ignoring you.Once I had reached 8500 $ but when I had aske of the withdrawal then he give me a wrong trade and make account liquidation..Mr jake is a cunning guy he will exploit your money.

2026-08-30 18:09
Severe Slippage

I don't know how to recover my investment

Sarai Chavez and Jose Chavez (Mexicans) have been the ones assisting me. They’ve told me how to close out trades in order to make a profit; they’ve made me deposit more than $5,000 in order to generate trading profits; they’ve called me several times a day; and while I watch my account balance drop, they ask me to invest more. There’s confusion among the employees, and they can’t seem to agree on anything. Furthermore, I can’t make withdrawals from the account because there supposedly isn’t enough capital available for withdrawal. They made me close profitable trades. Then I demanded that they change my advisor because every time I logged in, he made me lose money. They started asking me for more money so I could supposedly make a withdrawal. I told them no, and they began providing terrible customer support—they don’t answer my calls, and I keep getting messages saying I can’t withdraw the little money I have left in the account. Now I have no way to get my money back.

2026-09-03 10:05
Unable to Withdraw

Warren Bowie & Smith is a fraud.

They took what little I had, and now I'm in debt and I don't know how to pay it back. I can't believe I believed them. I feel terrible because they told me that with just $100 I would double my money, and in the end they took everything without me even realizing it. Then they kept calling me to keep investing, but I had nothing. They told me I had to keep trading and that they were going to teach me and all that, but they kept saying I had to invest more. Then my brother put in $120 because they told me that if I invested in Nvidia I would make a lot of money, but they took my money again. Now I find out it's all a scam. I just want my money and my brother's back because we're not rich. We work hard and try to get ahead however we can. Thanks.

2026-05-20 05:12
Scam

Warren Bowie & Smith is a complete scam.

They first show you that they are certified by financial institutions in the country, then they ask for an initial deposit of $100 and start trading, showing that there are no immediate profits. With that, they ask you to deposit at least $3,000 to achieve $9,000 in a month. They insist two or three times a day until you give in. The first sessions with the advisor seemed like they were teaching you how to use the stock market, so I trusted them, and in two days I lost all my money. When I demanded explanations, I was yelled at, and they finally said that's just how the market is, that they didn't make good decisions. I kept trading, and they made me close out profitable trades. Then I demanded they change advisors because every time I traded, he made me lose money. They started asking me for more money, supposedly to allow me to withdraw. I told them no, and their customer support became terrible; they don't answer, and I get messages saying I can't withdraw the little money I have in the account. Now I have no way to recover my money.

2026-08-18 09:12
Scam

Complaint About Warren Bowie & Smith

This so-called broker operates maliciously. Through their arguments and methods, they commit fraud. They invite people to make deposits to trade, promising withdrawals after reaching a certain profit level. However, when it comes time to withdraw, they create obstacles, such as not reaching the required level, incomplete documentation, too much time having passed since the deposits, or that the account has been depleted and another deposit is needed to reach the required level. To lure people in, they promote the idea that withdrawals can be made at any time, but this is not the case. I have met all the requirements, and yet they are asking me to make another deposit of a larger amount (US$490). I was supposed to have over $1,000 before, but now I need $10,000 to withdraw. I have been with them for several years, and the only money they have ever refunded me is $20. They also offered me bonuses to continue trading.

2026-08-18 10:56
Scam

I also fell for the Warren

I also fell for the Warren Bowie & Smith scam. I’m ashamed to say it.I’ve read the comments on this WikiFX page, and you really feel like an idiot for having believed them.It’s true: they have brutal training to make you believe that “they are your friends,” that they’re going to help you, and that they’re going to “advise” you. I understood way too late that their only goal is to take as much money from you as possible and put a thousand obstacles in your way when you request a withdrawal.In my case, there came a point when I told the “advisor” that we should make a small withdrawal so I could feel confident that the process was smooth and that my card actually registered the refund. And indeed, I first saw -$100 and then another -$800 hit my credit card statement, and I thought: “This really is real! Great! Let’s keep going.” Well, let me tell you… A few days later, a political event happened in the U.S. and the Orange Man decided to impose punitive tariffs on a large group of countries. The markets fell, and there was that so-called advisor calling me like crazy: saying the account was in danger, that we needed to inject more funds to withstand the drop, and that it was almost certain the situation would change in a few days or weeks. That as soon as the markets recovered…By the way, they made me open trades on commodities I knew nothing about, as well as on stocks and indices. There were quite a lot of open positions. One more thing. This is part of a message they NEVER answered:“Why the insistence on opening trades when the account has a comfortable margin level? And why do you ask me to open trades without having a clear picture? I made it clear from the beginning: ‘I can go slowly.’ I didn’t need to pay off my debts in one month. Now, on the contrary, you made me dive in headfirst and I’m even more in debt than before.I know that for WB my money is a grain of sand on a beach—insignificant—but for me it means another 7 or more years paying off credit card debt for having paid attention to you. I hope you remember when you used to call me and say: ‘Deposit a thousand!’ ‘Deposit two thousand. Don’t ask me, it’s good news. I’ll call you later and we’ll talk.’ Good news my ass. You NEVER had any intention of returning anything to me. Thieves, crooks, bastards.”

2026-11-13 22:11
Scam

SCAMMERS

As I explained previously, I was deceived with promises of profits after investing $2,800. Although my gains reached nearly $10,000, whenever I requested a payout—specifically on Fridays—my margin level would drop below 1% and the account would be liquidated. The following week, in response to my complaints, they would claim more deposits were needed because the market was falling due to some fabricated reason—whether involving indices or commodities. They would refund $2,000 just to keep stringing me along; then, once my balance was back near $5,000, they would demand a minimum deposit of $1,000. I made that deposit hoping to recover my initial investment, but by the end of the week, the account was liquidated again for the same reason (margin dropping below 1%), and the cycle repeated. In this instance, the advisor was Brenda Vargas—like the previous ones, she was Mexican—and the final result was the liquidation of my account: a scam totaling $4,800.

2026-09-01 00:15
Scam

Scams of rejected deposits and withdrawals

I FELL FOR THE SCAM OF THE WARRWN BOWIE & SMITH PLATFORM They contacted me by phone and I fell easily, depositing 200 USD, as a first investment in currencies, which in the first two days yielded excellent dividends. On the third day, new motivation from the analyst suggesting strengthening the account to invest in commodities and stocks, and also that for each deposit, the platform places an equal amount and it's the same process, in the first two days you see how there are gains and operations are closed and opened and the account doubles. But then it starts to decrease and the analyst's warning or suggestion arrives: “make a deposit of 500USD to strengthen and prevent the account from being liquidated and everything is lost. I made these deposits about three times and in March 2026, I refused to make the suggested deposit and the account was liquidated. In May 2026, I receive a call from another analyst, being very motivating and I agree to make a deposit of 500 USD to reactivate the account and the same process begins to grow positively the account and after a week it starts to give negative results and comes the suggestion to deposit 1.000 USD to reactivate an operation with the condition that if I left it in what they called “vault” for 14 days the profits would be around 300% and after this time those profits could be withdrawn. This strategy was carried out on two occasions and within a month I apparently had about 5.700 USD in the “vault”, so I communicated my desire to withdraw this amount and the clever excuses began TO NOT RETURN THE MONEY: • That I had to attach documents (Account statements from where the deposits were made, signed forms acknowledging the deposits, contract or regulations) • That I had to make another deposit (1. 300 USD) called reversible of one of the operations because the account continued to increase negatively and it was also carried out on two occasions. • That a “compensation” deposit of 2.600 USD had to be made. • That since the account had between balance and availability 52.000 USD, I could request the entire amount or a fraction, as long as I deposited an insurance for the amount to withdraw equivalent to 25%. I agreed to withdraw 10.000 USD and deposited 2.500 USD. • That the system had approved the withdrawal of 18.000 USD and therefore 2.000 USD of insurance was missing. • That the system had carried over the amount of 25.000 USD as a minimum for the disbursement and 1.750 USD was missing. • That internally, the company Warren had determined that they would make the disbursement of the entire account and 4.250 USD was missing. All this was communicated via email and I refused this last amount because suspicion of a scam overwhelmed me. As the entire month of August 2026 passed, during which I did not make the last contribution of 4.250 USD, on September 14 they liquidated my account leaving it at 000.

2026-09-19 12:07
    Warren Bowie & Smith · Company summary
    Warren Bowie & SmithReview Summary
    Founded2020
    Registered Country/RegionMauritius
    RegulationNo regulation
    Market InstrumentsCommodities, currencies, stocks, ETFs, indices
    Demo Account❌
    Leverage/
    Spread/
    Trading PlatformThe Mobile Xcite, Xcite platform
    Min Deposit$200
    Customer SupportContact form
    Live chat
    Telegram, facebook, X, youtube
    WhatsApp number: +447418350557
    Tel: +448449864876
    Email: customer.service@wbandsmith.com
    Email: info@securcapmu.com
    Regional RestrictionsUS clients are not allowed

    Warren Bowie & Smith Information

    Warren Bowie & Smith is an unregulated broker, offering trading on commodities, currencies, stocks, ETFs and indices on The Mobile Xcite and Xcite platform trading platform. The minimum deposit requirement is $200.

    Warren Bowie & Smith Information

    Pros and Cons

    Pros Cons
    Various contact channelsNo regulation
    No demo accounts
    No MT4/MT5 platform
    High minimum deposit requirement

    Is Warren Bowie & Smith Legit?

    No. Warren Bowie & Smith currently has no valid regulations. Please be aware of the risk!

    Is Warren Bowie & Smith Legit?

    What Can I Trade on Warren Bowie & Smith?

    Tradable Instruments Supported
    Stocks✔
    ETFs✔
    Commodities✔
    Indices ✔
    Currencies ✔
    Bonds❌
    Cryptos❌
    What Can I Trade on Warren Bowie & Smith?

    Leverage

    The broker has not clearly provided the leverage it offers. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

    Warren Bowie & Smith Fees

    Trading Fees

    The broker requires no commissions.

    Warren Bowie & Smith Fees

    Warren Bowie & Smith Spreads

    The broker claims it offers competitive spreads for clients. However, it has not clearly provided the spreads it offers.

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    The Mobile Xcite✔Mobile/
    Xcite platform✔Web/
    MT4❌/Beginners
    MT5❌/Experienced trader
    Trading Platform
    Trading Platform

    Deposit and Withdrawal

    The broker accepts payments via visa, mastercard, Skrill, paysafecard, ApplePay, GooglePay, AstroPay, etc. The minimum deposit requirement is $200.

    No minimum withdrawal amount defined and no fees or charges specified.

    Deposit and Withdrawal

    News

    ExposureWarren Bowie & Smith Review 2026: Severe Withdrawal Complaints and Unregulated Risks

    Warren Bowie & Smith is an unregulated, offshore broker with a critically low WikiFX score of 1.23 and a massive volume of severe withdrawal complaints. Indian traders face extremely high risks of fund loss and should avoid depositing capital here.

    WikiFX
    2026-08-20 13:00
    Warren Bowie & Smith Review 2026: Severe Withdrawal Complaints and Unregulated Risks

    ExposureWarren Bowie & Smith Review 2026: 1.23 Score Raises Red Flags as Withdrawal Complaints Grow

    Was your trading experience with Warren Bowie & Smith, a Mauritius-based brokerage entity, not so fruitful? Did the broker tempt you into trading by giving you assurances of profits that never appeared on the Warren Bowie & Smith login dashboard? Did you struggle to withdraw profits from the trading platform? Upon your withdrawal request, did the broker official make you invest further? This Warren Bowie & Smith review examines serious trading allegations against the broker. Additionally, we have provided the broker’s regulatory status.

    WikiFX
    2026-08-19 22:41
    Warren Bowie & Smith Review 2026: 1.23 Score Raises Red Flags as Withdrawal Complaints Grow

    ExposureWarren Bowie & Smith Broker Review: A High-Risk Trap for Forex Traders

    Our investigation reveals that Warren Bowie & Smith is an unauthorized, unregulated entity actively trapping trader deposits and liquidating accounts when withdrawals are requested. Traders face severe risks of financial loss, relentless high-pressure deposit tactics, and sudden platform lockouts.

    WikiFX
    2026-05-11 13:10
    Warren Bowie & Smith Broker Review: A High-Risk Trap for Forex Traders

    ExposureWarren Bowie & Smith Regulation: Is It Safe or Risky?

    Check Warren Bowie & Smith's regulation, withdrawal complaints, fees, and trading terms before you deposit. Read the facts now.

    WikiFX
    2026-04-20 16:56
    Warren Bowie & Smith Regulation: Is It Safe or Risky?

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    User comment

    118

    Comments

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    FX1121606700
    0-3months
    I also fell for the Warren Bowie & Smith scam. I’m ashamed to say it.I’ve read the comments on this WikiFX page, and you really feel like an idiot for having believed them.It’s true: they have brutal training to make you believe that “they are your friends,” that they’re going to help you, and that they’re going to “advise” you. I understood way too late that their only goal is to take as much money from you as possible and put a thousand obstacles in your way when you request a withdrawal.In my case, there came a point when I told the “advisor” that we should make a small withdrawal so I could feel confident that the process was smooth and that my card actually registered the refund. And indeed, I first saw -$100 and then another -$800 hit my credit card statement, and I thought: “This really is real! Great! Let’s keep going.” Well, let me tell you… A few days later, a political event happened in the U.S. and the Orange Man decided to impose punitive tariffs on a large group of countries. The markets fell, and there was that so-called advisor calling me like crazy: saying the account was in danger, that we needed to inject more funds to withstand the drop, and that it was almost certain the situation would change in a few days or weeks. That as soon as the markets recovered…By the way, they made me open trades on commodities I knew nothing about, as well as on stocks and indices. There were quite a lot of open positions. One more thing. This is part of a message they NEVER answered:“Why the insistence on opening trades when the account has a comfortable margin level? And why do you ask me to open trades without having a clear picture? I made it clear from the beginning: ‘I can go slowly.’ I didn’t need to pay off my debts in one month. Now, on the contrary, you made me dive in headfirst and I’m even more in debt than before.I know that for WB my money is a grain of sand on a beach—insignificant—but for me it means another 7 or more years paying off credit card debt for having paid attention to you. I hope you remember when you used to call me and say: ‘Deposit a thousand!’ ‘Deposit two thousand. Don’t ask me, it’s good news. I’ll call you later and we’ll talk.’ Good news my ass. You NEVER had any intention of returning anything to me. Thieves, crooks, bastards.”
    I also fell for the Warren Bowie & Smith scam. I’m ashamed to say it.I’ve read the comments on this WikiFX page, and you really feel like an idiot for having believed them.It’s true: they have brutal training to make you believe that “they are your friends,” that they’re going to help you, and that they’re going to “advise” you. I understood way too late that their only goal is to take as much money from you as possible and put a thousand obstacles in your way when you request a withdrawal.In my case, there came a point when I told the “advisor” that we should make a small withdrawal so I could feel confident that the process was smooth and that my card actually registered the refund. And indeed, I first saw -$100 and then another -$800 hit my credit card statement, and I thought: “This really is real! Great! Let’s keep going.” Well, let me tell you… A few days later, a political event happened in the U.S. and the Orange Man decided to impose punitive tariffs on a large group of countries. The markets fell, and there was that so-called advisor calling me like crazy: saying the account was in danger, that we needed to inject more funds to withstand the drop, and that it was almost certain the situation would change in a few days or weeks. That as soon as the markets recovered…By the way, they made me open trades on commodities I knew nothing about, as well as on stocks and indices. There were quite a lot of open positions. One more thing. This is part of a message they NEVER answered:“Why the insistence on opening trades when the account has a comfortable margin level? And why do you ask me to open trades without having a clear picture? I made it clear from the beginning: ‘I can go slowly.’ I didn’t need to pay off my debts in one month. Now, on the contrary, you made me dive in headfirst and I’m even more in debt than before.I know that for WB my money is a grain of sand on a beach—insignificant—but for me it means another 7 or more years paying off credit card debt for having paid attention to you. I hope you remember when you used to call me and say: ‘Deposit a thousand!’ ‘Deposit two thousand. Don’t ask me, it’s good news. I’ll call you later and we’ll talk.’ Good news my ass. You NEVER had any intention of returning anything to me. Thieves, crooks, bastards.”
    Translate to English
    2026-11-13 22:11
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    FX3059958354
    0-3months
    CAÍ EN LA ESTAFA DE LA PLATAFORMA WARRWN BOWIE & SMITH Me contactaron telefónicamente y caí fácilmente, depositando 200 USD, como primera in versión en divisas, que en los dos primeros días arrojó excelentes dividendos. Al tercer día nueva motivación del analista que sugiere fortalecer la cuenta para invertir en materia prima y acciones, además de que por cada depósito, la plataforma coloca otra cantidad igual y es el mismo proceso, en los dos primeros días se ve cómo hay ganancias y se cierran y abren operaciones y la cuenta se duplica. Pero luego comienza a decrecer y llega la advertencia o sugerencia del analista “realizar un depósito de 500USD para fortalecer y evitar que la cuenta sea liquidada y se pierde todo. Realicé estos depósitos como en tres ocasiones y en marzo de 2026, me negué a realizar el depósito sugerido y se liquidó la cuenta. En mayo de 2026, recibo llamada de otro analista, siendo muy motivador y accedo a realizar un depósito de 500 USD para reactivar la cuenta y el mismo proceso comienzan a crecer positivamente la cuenta y luego de una semana comienza a dar negativos y viene la sugerencia de depositar 1.000 USD para reactivar una operación con la condición de que si dejaba en lo que llamó “bóveda” por 14 días las ganancias serían de cerca del 300% y luego de este tiempo se podría retirar dichas ganancias. Esta estrategia se realizó por dos ocasiones y al mes aparentemente tenía en “bóveda” como 5.700 USD, por lo cual comunique mi deseo de retirar esta cantidad y comenzaron las inteligentes disculpas para NO DEVOLVER EL DINERO: • Que había que adjuntar documentos (Extractos de las cuentas de donde se habían realizado los depósitos, formatos firmados de reconocimiento de los depósitos, contrato o reglamento) • Que había que realizar otro depósito (1.300 USD) llamado reversible de una de las operaciones porque la cuenta seguía aumentando negativamente y también se realizó en dos ocasiones. • Que había que depositar un depósito de “compensación” por 2.600 USD • Que como la cuenta tenía entre balance y disponibilidad 52.000 USD, podía solicitar toda la cantidad o una fracción, siempre y cuando se depositara un seguro por la cantidad a retirar equivalente al 25%. Acordé retirar 10.000 USD y deposité 2.500 USD. • Que el sistema había aprobado el retiro de 18.000 USD y por lo tanto faltaban 2.000 USD de seguro. • Que el sistema había arrastrado la cantidad de 25.000 USD como mínimo para el desembolso y faltaban 1.750 USD. • Que Internamente la empresa Warren, había determinado que harían el desembolso de la totalidad de la cuenta y faltaban 4.250 USD. Todo esto fue comunicado mediante correo electrónico y a esta última cantidad me negué porque la sospecha de una estafa me cubrió. Cómo pasó todo el mes de agosto de 2026, donde no realicé el último aporte de 4.250 USD, el 14 de septiembre liquidaron mi cuenta quedando en 000.
    CAÍ EN LA ESTAFA DE LA PLATAFORMA WARRWN BOWIE & SMITH Me contactaron telefónicamente y caí fácilmente, depositando 200 USD, como primera in versión en divisas, que en los dos primeros días arrojó excelentes dividendos. Al tercer día nueva motivación del analista que sugiere fortalecer la cuenta para invertir en materia prima y acciones, además de que por cada depósito, la plataforma coloca otra cantidad igual y es el mismo proceso, en los dos primeros días se ve cómo hay ganancias y se cierran y abren operaciones y la cuenta se duplica. Pero luego comienza a decrecer y llega la advertencia o sugerencia del analista “realizar un depósito de 500USD para fortalecer y evitar que la cuenta sea liquidada y se pierde todo. Realicé estos depósitos como en tres ocasiones y en marzo de 2026, me negué a realizar el depósito sugerido y se liquidó la cuenta. En mayo de 2026, recibo llamada de otro analista, siendo muy motivador y accedo a realizar un depósito de 500 USD para reactivar la cuenta y el mismo proceso comienzan a crecer positivamente la cuenta y luego de una semana comienza a dar negativos y viene la sugerencia de depositar 1.000 USD para reactivar una operación con la condición de que si dejaba en lo que llamó “bóveda” por 14 días las ganancias serían de cerca del 300% y luego de este tiempo se podría retirar dichas ganancias. Esta estrategia se realizó por dos ocasiones y al mes aparentemente tenía en “bóveda” como 5.700 USD, por lo cual comunique mi deseo de retirar esta cantidad y comenzaron las inteligentes disculpas para NO DEVOLVER EL DINERO: • Que había que adjuntar documentos (Extractos de las cuentas de donde se habían realizado los depósitos, formatos firmados de reconocimiento de los depósitos, contrato o reglamento) • Que había que realizar otro depósito (1.300 USD) llamado reversible de una de las operaciones porque la cuenta seguía aumentando negativamente y también se realizó en dos ocasiones. • Que había que depositar un depósito de “compensación” por 2.600 USD • Que como la cuenta tenía entre balance y disponibilidad 52.000 USD, podía solicitar toda la cantidad o una fracción, siempre y cuando se depositara un seguro por la cantidad a retirar equivalente al 25%. Acordé retirar 10.000 USD y deposité 2.500 USD. • Que el sistema había aprobado el retiro de 18.000 USD y por lo tanto faltaban 2.000 USD de seguro. • Que el sistema había arrastrado la cantidad de 25.000 USD como mínimo para el desembolso y faltaban 1.750 USD. • Que Internamente la empresa Warren, había determinado que harían el desembolso de la totalidad de la cuenta y faltaban 4.250 USD. Todo esto fue comunicado mediante correo electrónico y a esta última cantidad me negué porque la sospecha de una estafa me cubrió. Cómo pasó todo el mes de agosto de 2026, donde no realicé el último aporte de 4.250 USD, el 14 de septiembre liquidaron mi cuenta quedando en 000.
    Translate to English
    2026-09-19 12:07
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