Company Summary
| LIKEWOOD Review Summary | |
| Founded | Within 1 year |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Cryptocurrencies, Currency Pairs, Indices, Commodities, Metals, Sharess |
| Demo Account | Unavailable |
| Leverage | Up to 1:400 |
| Spread | Not mentioned |
| Trading Platform | Desktop Terminal, Mobile Android App, WebTrader |
| Min Deposit | €250 |
| Customer Support | Email: support@likewood-invst.com |
LIKEWOOD Information
LIKEWOOD, a foreign trading platform launched last year, is unregulated and has raised concerns about transparency and security. Silver (from €250), gold (from €500), platinum (from €1,000) accounts are available with a maximum leverage of 1:200 to 1:400. With variable spreads and commission-free trading accounts, you can trade cryptocurrencies, currency pairs, indices, commodities, metals, shares.
Pros and Cons
| Pros | Cons |
| Wide range of trading assets | Lack of regulatory oversight |
| High leverage options | Limited customer support hours |
| User-friendly platform | |
| Multiple payment methods |
Is LIKEWOOD Legit?
LIKEWOOD is not regulated by its registration place and is not overseen by any reputable regulators.
What Can I Trade on LIKEWOOD?
LIKEWOOD offers traders the opportunity to trade Crypto Currencies, Currency Pairs, Indices, Commodities, Metals, and Shares.
| Tradable Instruments | Supported |
| Crypto Currencies | ✔ |
| Currency Pairs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Shares | ✔ |
Account Types
LIKEWOOD offers three live account types, namely Silver Account, Gold Account, and Platinum Account.
The Silver account is the starting point for traders to get involved in online trading, with a minimum deposit of 250 euros. Traders can enjoy 1:200 leverage to control large positions with relatively small capital. Silver account can choose 200+ financial assets.
The Gold account costs 500 euros to open with a leverage of 1:300, and has the advantage of dedicated account manager support.
The Platinum account is the main product of LIKEWOOD, provided for experienced traders. The minimum deposit is 1000 euros with a leverage of 1:400. Besides, it enjoys dedicated account manager support.
| Silver account | Gold account | Platinum account | |
| Minimum Deposit | €250 | €500 | €1,000 |
| Leverage | 1:200 | 1:300 | 1:400 |
Leverage
LIKEWOOD offers different leverage by account type: silver account (1:200), gold account (1:300) and platinum account (1:400). Each account leverage can amplify their trading positions and potentially increase the risk of profit and loss, which should be used with caution and risk management.
LIKEWOOD Fees
LIKEWOOD Fees are still considered relatively low.
LIKEWOOD implements a commission-free structure on trades for all account types.
Spread information is not available as their website is currently inaccessible.
Trading Platform
LIKEWOOD offers Platform for Desktop (Desktop Terminal), Platform for Mobile (Mobile Android App) and WebTrader.
| Trading Platform | Supported | Available Devices | Suitable for |
| Desktop Platform | ✔ | Desktop Terminal | traders who need advanced tools and features to trade successfully |
| Mobile Platform | ✔ | Mobile Android App | traders who trade on the go using their Android smartphones or tablets |
| WebTrader | ✔ | Not mentioned | traders who trade from anywhere with an internet connection |
Deposit and Withdrawal
LIKEWOOD offers a variety of options such as credit cards, bank transfers and electronic payments.
LIKEWOOD promises to process withdrawal within 24 hours.
After logging in, traders can withdraw money in a variety of ways, such as credit card, bank transfer and electronic payment, and follow the on-screen instructions.
