Does WarrenBowie&Smith offer fixed spreads?

https://www.wbandsmith.com/   

Warren Bowie & Smith is not a licensed or regulated broker even though it states offers that look good to be true.

Warren Bowie & Smith claims to be owned and operated by a group of companies, including:

1) Securcap Securities (MU) Ltd, a company authorized by the Mauritius Financial Services Commission (Mauritius FSC) with license number GB20025775;

2) Wanakena Ltd, a company registered in Cyprus with registration number 379327;

3) Kalaminion Holdings Limited, a company incorporated under the laws of Cyprus with registration number 339998.

First, we indeed find a match result to Securcap Securities (MU) Ltd in Mauritius FSC, but this company is authorized to be a Discount Broker. Besides, the regulator does not provide the domain of the licensed company for traders to verify, so it is not hundred percent sure Warren Bowie & Smith has a connection with Securcap Securities (MU) Ltd.

Second, we did not find any match results to Wanakena Ltd or Kalaminion Holdings Limited in the Cyprus forex regulator, the Cyprus Securities and Exchange Commission (CySEC). That means neither Wanakena Ltd nor Kalaminion Holdings Limited is a regulated company in Cyprus, not to mention Warren Bowie & Smith.

The truth is, Warren Bowie & Smith is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Warren Bowie & Smith and trade with licensed brokers.