Warren Bowie and Smith sound like historical figures, right? But they are not! It is a Mauritius-based forex trading broker. If you have heard of this broker’s name for the first time, read more about it in this article.
Brokers are a crucial aspect of trading. Therefore, choosing the right one is extremely important. Warren Bowie and Smith is a well-known broker, but does it make it reliable?
If you are curious about this broker platform, you have come to the right place. We’ll dissect the broker one feature at a time to understand its reliability and authenticity. Check out the broker overview below:
An Overview of Warren Bowie and Smith!
Warren Bowie and Smith is a broker platform headquartered in Mauritius. You can trade assets like Commodities, Currencies, Stocks, ETFs and indices through this platform.
The broker claims to offer competitive spreads starting with 0.0 pips while also being available on the Xcite trading platform and its mobile application.
Warren Bowie and Smith offer various transaction options, including local bank transfer, visa, MasterCard, Skrill, Safetypay, Google Pay, and Apple Pay. This will enable easy and hassle-free deposits and withdrawals.
It is a moderate-risk broker with a minimum deposit of $200 and many customer support resources, including phone, email, live chat and social media.
Is Warren Bowie and Smith Regulated?
Not really; Warren Bowie and Smith don’t seem to be a reliable broker, as its regulation is in question. Plus, the website lacks information on the leverage and the account types provided by the broker. So, lack of regulation and website transparency are glaring red flags.
Since the lack of regulation raises concerns over the so-called features the broker offers, it can not be considered reliable.
The broker website claims to offer secure regulation under FSC Mauritius with a license number GB20025775. However, we could not find the claimed license number on the FSC Mauritius website.
Advantages and Disadvantages of WBS
| Advantages | Disadvantages |
| You can access trading instruments like currencies, stocks, indices, ETFs and commodities. | A high minimum deposit of $200. SDFX offers zero initial deposit; you must check it out if you are a novice trader. |
| The platform mobile app is available. | Lack of regulation and transparency. |
| No deposit or withdrawal charges. | There is a lack of information on leverage, account types, customer support, etc, on the website. |
| It offers tools like the economic calendar to track market movements. | Inactivity fee worth $500 |
| WBS offers Xcite trading platform suitable for novice and experienced traders. | |
| Provides various tools for CFD trading. | |
| The autochartist tool is available. | |
Warren Bowie and Smith’s Trading Platforms
The broker offers trading on a platform called Xcite, which lets you monitor market movements through real-time graphs. The perk of using this platform is that there is also a mobile application available.
Xcite is a relatively new broker platform, so it does not have a loyal customer base. Moreover, Warren Bowie and Smith do not provide popular trading platforms like MT4 and MT5. To gain the benefits of popular trading platforms like MT4 and MT5, Metherworld Broker is the best choice.
Deposits and Withdrawals in Warren Bowie and Smith
WBS support easy and hassle-free deposits and withdrawals with various payment methods. The minimum deposit required for starting a WBS account is $200.
The minimum deposit is reasonable, but this broker charges inactivity fees of $500 after three months of inactivity. So be aware of your trading activity and close your account if you wish to stop trading with WBS.
Warren Bowie and Smith allow a minimum withdrawal amount of $100. You can not withdraw an amount less than the required amount.
Payment Options
There are plenty of payment options available with this broker, such as
- VISA
- MasterCard
- Maestro
- Skrill
- Local Bank Transfer
- Pay Retail
- Safety Pay
- Paysafecard
- Google Pay
- Apple Pay
Additional Charges
The Warren Bowie and Smith broker charges additional fees like rollover, administrative and spreads fees. Let’s see what they are:
- Spread Charges: For every trade, WBS charges a minimum spreads fee.
- Rollover Charges: When you leave your trade open overnight, you will be charged a rollover amount of 0.2% of your trade amount.
- Administrative charges: It is also called an inactivity charge that you will be liable to pay if inactive for more than three months.
Trading Instruments Provided by Warren Bowie and Smith
Did you know that Warren Bowie and Smith claim to offer a variety of trading assets for forex and CFD trading? You can select the trading asset from the array of options that fits your trading requirements.
Currencies
Currencies are crucial for forex trading, and since Warren Bowie and Smith are known for forex trading, it is not a surprise. Currencies are incredibly liquid trading assets, which leads to quick results. Moreover, round-the-clock trading is available with currencies.
Indices
WBS offers some of the most popular trade indices, including NASDAQ, Russel 3000, FTSE, S&P 500 and DOW. Still, if the indices at WBS don’t excite you to trade, we suggest you head to RCG Markets. They have the most popular indices and the best tools for you to make a profit out of them.
Commodities
Trading on commodities includes betting on the prices of assets like oil, gas, metals and so on. Commodity trading will likely have the most returns and benefits because asset prices usually increase. But that does not mean it is not associated with risks.
Stocks
Stock trading is the buying or selling of a part of a company or organisation. If the company flourishes, the investor gains profits and vice versa. Through Warren Bowie and Smith, you can invest in profitable companies and gain returns.
Exchange Traded Funds (ETFs)
Exchnage traded funds allow you to trade many assets together as a single stock. This saves you the time and energy to buy or sell individual assets. ETFs are a great asset provided by Warren Bowie and Smith to boost your trading compatibility.
Trading Tools WBS Offers
The website offers several trading tools like candlestick charts, autochartist, etc. Check out the trading tools offered by the website in the image below:
The features that WBS claims to offer include an economic calendar, fundamental analysis, candlestick charts and autochartist. However, these claims do not have any proof since we couldn’t find any details on the website.
How to Log In to Your WBS Account?
- Go to the WBS website.
- You will find Warren Bowie log in on the top right of the website.
- Once you click on the login button, you will directed to this page (see the image below). Enter your credentials and you have active your trading account.
Educational Resources
Warren Bowie and Smith have provided detailed information on different trading assets on the official website.
So, if you are unaware of the purpose of these trading assets, you can read the overview and gain valuable insights.
The website claims to offer other educational resources like free e-books, platform training, basic financial terms and order types. If you are a novice trader, these resources will come in handy.
However, it provides no comprehensive courses, video tutorials and live trading news to keep you updated. These educational resources will provide a better insight into trading; check the AXI platform to access such resources.
Customer Support
The Warren Bowie and Smith platform offers various sources for customer support, including phone, email, WhatsApp and social media. In case of any queries or confusion, you can reach out to the broker’s customer care services through
Email: [email protected].
Phone: +442031299376
Whatsapp: +447418350557
Final Verdict on Warren Bowie and Smith
Now, the final question: is WBS a good broker? On the one hand, the broker offers various features. It provides robust tarding tools, platforms and customer support.
But on the other hand, the broker lacks regulation. When we searched the claimed licence number on the FSC Mauritius website, it did not show Warren Bowie Smtih under its regulation. Moreover, significant details like leverage, account types, etc., are missing from the broker’s website.
So, despite offering many features, the reliability of this broker is still in question. Carefully choosing your broker is the need of the hour. I would suggest you opt for a regulated broker like TradeMax.
FAQs
What is Warren Bowie and Smith?
Warren Bowie and Smith, or WBS, is an unregulated forex and CFD broker platform headquartered in Mauritius. The broker claims to be regulated under FSC, but it is not visible on the regulator’s website.
How do you withdraw money from Warren Bowie & Smith?
WBS offers many transaction options, including Skrill, Google Pay, Apple Pay, Visa, Mastercard, local bank transfer and many others. The minimum withdrawal amount for a WBS account is $100.
How reliable is Warren Bowie and Smith?
WBS can be considered a high-risk broker due to its lack of regulation and website transparency. So, the broker is unreliable, but if you wish to trade with the broker, be aware of potential scams.
WBS offers trading in currencies, stocks, commodities, ETFs and more. They provide tools like economic calendars and autochartists. However, detailed information on leverage and account types is missing.
How is Warren Bowie and Smith Customer Support?
WBS has decent customer support. You can reach out through email, phone, WhatsApp, and social media platforms like Facebook, YouTube, and Twitter.
What are the Trading Hours of Warren Bowie and Smith?
The trading window for WBS is from 10 pm Sunday to 10 pm Friday. However, the time may vary depending on the country you are trading CFDs from.
The US: 2:30 pm to 9:30 pm GMT
Britain: 8 pm to 4:30 pm GMT
Asia: 12 to 2 am, then 3:30 to 6 pm.
Is WBS Broker Regulated?
No, we have found that WBS is an unregulated broker.
Who is Warren Bowie and Smith?
Warren Bowie and Smith is a forex and CFD broker platform located in Mauritius.
How to Open a Warren Bowie and Smith Trading Account?
To open a WBS trading account, visit the official website wbandsmith.com. Once you land on the website, click the “Register” button to start the registration process.
If you already have an account, go to the Warren Bowie log in page, enter your credentials and activate your account.
Enter and upload relevant information and documents, agree to the terms and conditions, and you are registered. Now deposit $200 to start trading with WBS.
