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Warren Bowie & Smith Forex Broker provides real users with 9 positive reviews, * neutral reviews and 111 exposure review!

Warren Bowie & Smith Broker Review

1.39

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Warren Bowie & Smith Review 120

Latest All(120) Positive(9) Exposure(111)
Exposure
Don't do the same thing we did!!

😞 I hope this doesn't happen to other people, as all we wanted was to move forward and people like these take advantage of us 😔 if someone can help us at any time, we would be very grateful 🥲

FX3255736017
2024-09-05
Exposure
WARREN BOWIE & SMITH INDUCED FRAUD

I am from El Salvador and I was scammed. I invested and at first there were profits, then they encourage you to invest more and there were more profits. But then I started to believe that this Warren Platform is manipulated because overnight it crashes and there is margin pressure to not lose money. When you start questioning, they change your broker. And they never let you withdraw the profits. It was a beautiful investment I made. Please don't fall for these rats. Carlos Alcala, Jose Tellez, Javier Hainz.

FX3304843091
2024-09-05
Exposure
I am unable to withdraw my $200 investment

Investing in this broker with 200 dollars, I start investigating how it operates and it generates distrust in me. Therefore, I request the withdrawal of my capital of 200 dollars and they do not allow me to do so until I complete the missing documentation and sign the contract. Therefore, I request your help to recover my money 🙏

FX3196513478
2024-09-02
Exposure
Fraud by Warren Bowiw and Smith

Hello, good afternoon, I was induced into a fraud. They called me to invest in this platform and everything was going well with 200 dollars. They told me that I had already made profits, but I couldn't make withdrawals because supposedly there was something better. I deposited another 1000 dollars and until now I can't withdraw any profits. I have the withdrawals from my account, but I can't view them until my next account statement in August.

FX3080646877
2024-08-29
Exposure
I am still waiting and only losses

Hello, I'm still waiting and nothing, they just call to ask for more money, this is a joke.

FX3255736017
2024-08-24
Exposure

Hello, greetings and thank you very much for giving us the opportunity to expose these types of scams. I hope you can help me, as they continue to insist that I deposit more money and they harass me with phone calls. I was scammed for 700 dollars, they initially asked for 200 which only reflected as 180. Then they called me and said, "Don Francisco, you need to deposit more money to make the profit faster." That's when I deposited the five hundred dollars, but they didn't even send me an invoice or anything to confirm that it was deposited, even though I sent everything they asked for. Now I'm going to call my bank to block my credit card. I'm reporting this and I'm desperate.

FX3255736017
2024-08-23
Exposure
False Investment

I deposited, trusting that this would yield money. But it is false. Now that they contact me from time to time to make me deposit more money, it is necessary to figure out how to recover what was deposited.

FX2090047474
2024-07-14
Exposure
I can't withdraw

A Mexican girl contacted me by phone, I downloaded the app, entered the initial data, and made a deposit of 200 dollars. As soon as I told her that I had made the deposit, she hung up on me. I contacted customer service and they've been giving me the runaround; they won't even let me withdraw $100. Besides that, now it's asking for my card details which I do not want to give.

FX2948484361
2024-07-12

  

Warren Bowie & Smith 2025 Review: Everything You Need to Know

  Warren Bowie & Smith has emerged as a notable player in the online trading landscape since its inception in 2020. This broker, based in Mauritius, offers a range of trading services including forex, CFDs, stocks, and cryptocurrencies. However, user experiences and expert opinions reveal a mixed bag of sentiments about its reliability and performance.

  Note: It is crucial to acknowledge that Warren Bowie & Smith operates under different entities across regions, which may impact user experience and regulatory compliance. This aspect should be considered for a fair and accurate evaluation.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 7
Customer Service and Support 6
Trading Setup (Experience) 5
Trustworthiness 4
User Experience 5

  We score brokers based on user feedback, expert analysis, and available features.

  

Broker Overview

  Founded in 2020, Warren Bowie & Smith is a brokerage firm that offers a proprietary trading platform known as "Profit." This platform supports various asset classes including forex, commodities, stocks, ETFs, and cryptocurrencies. It is primarily regulated by the Financial Services Commission (FSC) of Mauritius, although it operates in compliance with laws in Cyprus as well. The broker claims to prioritize user security through various measures including KYC (Know Your Customer) and AML (Anti-Money Laundering) policies.

  

Detailed Breakdown

  

Regulatory Regions

  Warren Bowie & Smith is regulated in Mauritius by the FSC, which oversees financial institutions to ensure compliance with local laws. However, the lack of robust regulation compared to other jurisdictions like the FCA or CySEC raises concerns about user protection.

  

Deposit/Withdrawal Currency/Cryptocurrency

  The broker allows deposits in various currencies, including USD, and supports transactions through credit cards, wire transfers, and online payment apps. However, user feedback indicates potential issues with withdrawal processes, leading to frustration among traders.

  

Minimum Deposit

  The minimum initial deposit requirement is set at $200, which is relatively low compared to many brokers. This low barrier to entry is appealing for new traders looking to enter the market without significant financial risk.

  

Promotions/Bonuses

  While there is no substantial information regarding ongoing promotions or bonuses, the platform does offer educational resources such as eBooks and training materials to assist new traders.

  

Tradable Asset Classes

  Warren Bowie & Smith provides access to a wide range of assets, including:

  • Forex: Major currency pairs such as EUR/USD, GBP/USD, and more.
  • Commodities: Including soft and hard commodities like oil and metals.
  • Stocks: Shares from major companies such as Apple, Google, and Tesla.
  • Cryptocurrencies: Access to popular cryptocurrencies including Bitcoin and Ethereum.
  • ETFs: Various exchange-traded funds.

  

Costs (Spreads, Fees, Commissions)

  The broker operates on a commission-free model, which is a significant advantage for traders. However, spreads can vary widely, with reports indicating that they are not as competitive as those offered by some other brokers in the market.

  

Leverage

  Warren Bowie & Smith offers leverage up to 1:30 for retail clients, which is in line with European regulations. While this can enhance potential returns, it also increases risk.

  

Allowed Trading Platforms

  The proprietary "Profit" platform is web-based and compatible with both desktop and mobile devices, allowing traders to manage their accounts easily. However, some users have noted that the platform lacks the advanced features found in popular platforms like MT4 or MT5.

  

Restricted Regions

  There is limited information on specific regions where Warren Bowie & Smith is restricted, but it is important for potential users to verify local regulations before signing up.

  

Available Customer Service Languages

  Warren Bowie & Smith offers customer support in multiple languages, including English, which is crucial for catering to a diverse client base.

  

Ratings Recap

Category Rating (out of 10) Comments
Account Conditions 6 Low minimum deposit, but potential withdrawal issues reported.
Tools and Resources 7 Offers educational resources, but lacks a demo account for practice.
Customer Service and Support 6 Generally responsive, but some users report delays during peak hours.
Trading Setup (Experience) 5 Mixed user experiences; some find the platform complex initially.
Trustworthiness 4 Regulatory concerns and mixed reviews about withdrawal processes raise red flags.
User Experience 5 User interface is user-friendly, but functionality may not meet all traders' needs.

  

Detailed Rating Analysis

  

Account Conditions

  Warren Bowie & Smith offers a low initial deposit, making it accessible for new traders. However, user feedback indicates that withdrawal processes can be cumbersome, which negatively impacts the overall rating.

  

Tools and Resources

  The broker provides a range of educational materials, which is beneficial for beginners. However, the absence of a demo account may hinder new traders from gaining practical experience before investing real funds.

  

Customer Service and Support

  Customer service is available 24/7 through various channels, including live chat and email. While many users report positive interactions, some have experienced delays, particularly during high-demand periods.

  

Trading Setup (Experience)

  The "Profit" platform is designed to be intuitive, but some users find it overwhelming initially due to its advanced features. This mixed feedback results in a moderate rating.

  

Trustworthiness

  The regulatory framework in Mauritius is less stringent than in other jurisdictions, which raises concerns about the safety of user funds. Additionally, reports of withdrawal issues contribute to a lower trust rating.

  

User Experience

  Overall user experience is generally positive, with many appreciating the platform's accessibility. However, the learning curve and withdrawal challenges affect the rating.

  In conclusion, Warren Bowie & Smith presents both opportunities and challenges for traders. While it offers a low barrier to entry and a range of trading options, potential users should approach with caution, particularly regarding regulatory concerns and withdrawal processes.

Warren Bowie & Smith review