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Quantity 149
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Score
Regulatory Index3.17
Business Index6.81
Risk Management Index0.00
Software Index4.32
License Index2.69
No valid regulatory information, please be aware of the risk
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Company Name
Securcap Securities (MU) Ltd
Company Abbreviation
Warren Bowie & Smith
Platform registered country and region
Mauritius
Company website
X
YouTube
447418350557
Company summary
Pyramid scheme complaint
Expose
I'm unable to withdraw my money from the platform. I invested $100 in Warren Bowie & Smith. Please help.
I fell for a scam , I invested 4200 dollars in this platform and so far I can't withdraw anything , it's always an excuse, now it's the World Cup block , but the World Cup is almost ending and no return, is there a legal way to recover these amounts.
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.
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.
They don't let you withdraw money and they challenge you demanding that you must increase your monetary income and I withdrew leaving the investment and the profits
I deposited 450 dollars and now I have nothing. When I inquired about a withdrawal, they just avoided the topic. Yesterday, my advisor disappeared, and by night my account was already liquidated and had negative numbers. Now I have nothing and I don't know how to resolve all this.
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.
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.
They don't let me withdraw, and practically forced me to keep investing until I ended up with $2400, which they claim is theirs, and on top of that I owe them $2800 according to them for business profits.
They won't let me withdraw my earnings; they're always asking me to deposit more money. They haven't authorized any withdrawals. They said they authorized $4,200, and five days later I received a rejection email. Now I've placed an order for $8,000, and nobody will authorize it unless I deposit more money.
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.
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.”
First, a consultant contacts you, then tells you to make a minimum investment of 100 dollars, makes you open and close transactions, asks you to deposit more money to open other operations with higher profits. I only lost the 100 dollars.
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
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.
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.
| Warren Bowie & SmithReview Summary | |
| Founded | 2020 |
| Registered Country/Region | Mauritius |
| Regulation | No regulation |
| Market Instruments | Commodities, currencies, stocks, ETFs, indices |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | The Mobile Xcite, Xcite platform |
| Min Deposit | $200 |
| Customer Support | Contact form |
| Live chat | |
| Telegram, facebook, X, youtube | |
| WhatsApp number: +447418350557 | |
| Tel: +448449864876 | |
| Email: customer.service@wbandsmith.com | |
| Email: info@securcapmu.com | |
| Regional Restrictions | US clients are not allowed |
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.

| Pros | Cons |
| Various contact channels | No regulation |
| No demo accounts | |
| No MT4/MT5 platform | |
| High minimum deposit requirement |
No. Warren Bowie & Smith currently has no valid regulations. Please be aware of the risk!

| Tradable Instruments | Supported |
| Stocks | ✔ |
| ETFs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Currencies | ✔ |
| Bonds | ❌ |
| Cryptos | ❌ |

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.
Trading Fees
The broker requires no commissions.

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 | Supported | Available Devices | Suitable for |
| The Mobile Xcite | ✔ | Mobile | / |
| Xcite platform | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced trader |


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.


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