Score

1.23 /10
Danger

Warren Bowie & Smith

Mauritius

2-5 years

Questionable Regulatory License

High Potential Risk

B

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Comparison

Quantity 147

Exposure

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Website

Score

Regulatory Index3.14

Business Index6.77

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.
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Securcap Securities (MU) Ltd

Company Abbreviation

Warren Bowie & Smith

Platform registered country and region

Mauritius

Company website

X

Facebook

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WhatsApp

  • 447418350557

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2026-09-07
  • 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!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

I submitted a withdrawal request

I submitted a withdrawal request because I had grown suspicious of the broker. They kept calling me constantly, pressuring me to deposit between $1,000 and $3,000 for supposedly "safe" investments. On the very day my withdrawal was supposed to be processed, they disabled my account. They then told me I had to deposit more money to have it reactivated. All the representatives had Mexican accents. Please, do not get involved with them—they are scammers. Their charts are manipulated to make you lose money. They lure people in through advertisements on

2026-03-03 10:12
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

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
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
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
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

First, they make you deposit $100

First, they make you deposit $100, which they double, and they tell you that you have five protected trades and pressure you to deposit more funds with the promise that they will double it again. They send you a contract that you are forced to sign in English. You start trading with the help of an advisor who always pressures you to double your investment, and as soon as you want to make a withdrawal, they start saying that the system takes five business days to link your account and make the deposit. Even when you win and your funds exceed three times the amount to be withdrawn, out of nowhere, you find yourself with no balance and not a dollar in your account. It's a SCAM, the worst trading platform that exists. Everyone should be warned to stay away from this so-called broker. They are rats.

2026-01-30 10:54
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
    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 XciteMobile/
    Xcite platformWeb/
    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?

    User Reviews

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    User comment

    116

    Comments

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    Jorge Peraza (Darkus-vgc)
    0-3months
    Sarai Chavez y Jose Chavez (mexicanos) han sido quienes me han atendido. Me han indicado como cerrar operaciones con tal de tener ganancias, me han hecho depositar mas de 5000$ con tal de tener beneficios comerciales, me han llamado varias veces durante el dia, y mientras veo como baja la cuenta, me piden invertir más, hay confusión entre empleados y no se ponen de acuerdo. Además, no puedo hacer retiros de la cuenta debido a que no hay supuestamente el capital suficiente para retiro. Me hacian bajar operaciones de ganancia, despues exigi me cambiaran el asesor por que cada vez que entraba el me hacia perder dinero, comenzaron a pedirme mas dinero para supuestamente poder retirar, les dije que no y empezaron a atender super mal de soporte no contestan y me llegan mensajes de que no puedo sacar el poco dinero que tengo en la cuenta. Ahora no tengo como recuperar mi dinero
    Sarai Chavez y Jose Chavez (mexicanos) han sido quienes me han atendido. Me han indicado como cerrar operaciones con tal de tener ganancias, me han hecho depositar mas de 5000$ con tal de tener beneficios comerciales, me han llamado varias veces durante el dia, y mientras veo como baja la cuenta, me piden invertir más, hay confusión entre empleados y no se ponen de acuerdo. Además, no puedo hacer retiros de la cuenta debido a que no hay supuestamente el capital suficiente para retiro. Me hacian bajar operaciones de ganancia, despues exigi me cambiaran el asesor por que cada vez que entraba el me hacia perder dinero, comenzaron a pedirme mas dinero para supuestamente poder retirar, les dije que no y empezaron a atender super mal de soporte no contestan y me llegan mensajes de que no puedo sacar el poco dinero que tengo en la cuenta. Ahora no tengo como recuperar mi dinero
    Translate to English
    2026-09-03 10:05
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    FX3178025922
    6-12months
    Como lo expuse en oportunidad anterior, me engañaron, con supuestas ganancias, despues de haber invertido 2800 dólares, llegando a obtener ganancias cercanas a los 10.000 dólares, pero al momento de pedir que se abonaran a mi cuenta, expresamente los días viernes , el nivel de margen decaía hasta menos del 1%, y liquidaban cuenta, luego a la semana siguiente, ante mis reclamos, decían que se necesitaban mas depósitos, porque el mercado estaba cayendo por algo que ellos inventaban , fuera inversión por índice, materia prima, reembolsaban 2000 dólares , para seguir engatusando al cliente, y cuando se tenia patrimonio, ya cercano a los 5000 dólares, solicitaban un deposito de mínimo 1000 dólares, lo realice con el animo de recuperar mi inicial, ( Ni siquiera un dolar )al final de la semana, liquidan cuenta, por misma razones citadas >1% y así sucesivamente, en este caso la asesora, BRENDA VARGAS, mejicana como los anteriores, a la fecha liquidada cuenta= Estafa de 4.800 dólares.
    Como lo expuse en oportunidad anterior, me engañaron, con supuestas ganancias, despues de haber invertido 2800 dólares, llegando a obtener ganancias cercanas a los 10.000 dólares, pero al momento de pedir que se abonaran a mi cuenta, expresamente los días viernes , el nivel de margen decaía hasta menos del 1%, y liquidaban cuenta, luego a la semana siguiente, ante mis reclamos, decían que se necesitaban mas depósitos, porque el mercado estaba cayendo por algo que ellos inventaban , fuera inversión por índice, materia prima, reembolsaban 2000 dólares , para seguir engatusando al cliente, y cuando se tenia patrimonio, ya cercano a los 5000 dólares, solicitaban un deposito de mínimo 1000 dólares, lo realice con el animo de recuperar mi inicial, ( Ni siquiera un dolar )al final de la semana, liquidan cuenta, por misma razones citadas >1% y así sucesivamente, en este caso la asesora, BRENDA VARGAS, mejicana como los anteriores, a la fecha liquidada cuenta= Estafa de 4.800 dólares.
    Translate to English
    2026-09-01 00:15
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