LIKEWOOD Broker Review

Likewood 2025 In-Depth Review: Opportunity or Trap？

Executive Summary

In the saturated online trading landscape, Likewood emerges as a broker promising a diverse range of assets and features ostensibly designed to attract both novice and experienced traders. Targeting new traders, Likewood appears enticing due to its low initial deposit requirements and broad array of investment instruments including forex, stocks, commodities, and cryptocurrencies. However, a critical evaluation reveals significant red flags, primarily its complete lack of regulatory oversight. The absence of a valid forex license raises considerable safety and legitimacy concerns, making Likewood a precarious choice for those prioritizing investment security. As potential benefits of trading on this platform are weighed against the looming threats of fraud and regulatory non-compliance, cautious traders should approach with skepticism.

⚠️ Important Risk Advisory & Verification Steps

Investing with Likewood poses significant risks due to the following reasons:

• Lack of Regulation: Likewood operates without any recognized regulatory oversight, heightening the risk of financial loss.
• Warnings from Authorities: The Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg has explicitly categorized Likewood as an unauthorized entity, signaling its potential unreliability.
• Withdrawal Issues: Numerous reports suggest that traders have experienced considerable difficulties when attempting to withdraw funds, further emphasizing the platform's questionable practices.

Before engaging with any broker, please take these essential verification steps:

• Visit official regulatory websites (e.g., FCA, CSSF) to check for broker registration.
• Ensure that the broker provides adequate security measures, including segregated accounts.
• Read independent reviews and user testimonials regarding withdrawal experiences.

Rating Framework

Dimension	Rating (Out of 5)	Justification
Trustworthiness	1	Lacks regulation and has been flagged by multiple authorities.
Trading Costs	2	Low commissions attract users, but hidden fees can apply, raising concerns about transparency.
Platforms & Tools	2	Offers a variety of tools, yet lacks industry-standard platforms like MetaTrader.
User Experience	2	While easy to navigate, the platform is untrustworthy, diminishing overall user satisfaction.
Customer Support	3	Offers email and chat options, yet delays and inefficiencies are reported.
Account Conditions	2	Minimum deposits are reasonable, but withdrawal fees and account restrictions remain unclear.

Broker Overview

Company Background and Positioning

Founded in 2022, Likewood Inc Limited claims to operate from the United Kingdom and Hong Kong but is unregulated by any credible financial authority. While it markets itself as a reliable trading platform, an investigation reveals substantial discrepancies in its legitimacy, highlighting its risky positioning within the trading landscape.

Core Business Overview

Likewood promises a wide variety of asset classes, including forex, commodities, cryptocurrencies, and indices, all accessible for trading. However, its unregulated status raises concerns about the actual safety of clients' investments. Additionally, it attracts users with an enticing commission structure purportedly favorable for traders but lacks transparency regarding many operational details.

Quick-Look Details Table

Feature	Details
Regulation	Unregulated
Minimum Deposit	€250
Leverage	Up to 100:1
Major Fees	Unspecified withdrawal fees
Deposit Methods	Credit/Debit Cards, Bank Wire
Withdrawal Times	Varies; reports suggest delays

In-depth Analysis of Each Dimension

Trustworthiness Analysis

Regulatory Information Conflicts

Despite claiming operations in the UK and Hong Kong, Likewood lacks a valid forex license from recognized authorities such as the FCA or the CSSF. This absence marks it as a high-risk broker for investors.

User Self-Verification Guide

To verify the legitimacy of a broker like Likewood, traders should follow these steps:

• Check for the broker's listed name on official regulatory websites such as the FCA or the CSSF.
• Ensure there are no active warnings against the broker from regulatory bodies.
• Look for user reviews on independent platforms, paying attention to complaints regarding fund security and withdrawals.

Industry Reputation and Summary

User feedback raises substantial concerns regarding fund safety. Many traders have reported withdrawal difficulties and an overall lack of transparency in operations.

"This broker does not have fx regulations." - User Review

Trading Costs Analysis

Advantages in Commissions

Likewood offers a low-cost commission structure, which seems attractive at first glance. However, many traders fail to account for potential hidden costs.

Non-Trading Fees

Several users have raised complaints about unexpected fees and non-transparent financial conditions. For instance, a user reported a withdrawal fee of $25+, highlighting dissatisfaction with the platforms clarity regarding costs.

"I faced multiple issues trying to withdraw funds; fees were not initially disclosed." - User Review

Cost Structure Summary

While the lower commissions may appeal to new traders, the potential for hidden fees and undisclosed costs makes it a risky choice for all investor types.

Platforms & Tools Analysis

Platform Diversity

Likewood claims to offer a variety of trading tools, but the absence of recognized platforms such as MetaTrader diminishes user confidence in its technological offerings.

Quality of Tools and Resources

The platform's educational resources and charting tools, while extensive, may not meet the standards expected by serious traders.

Platform Experience Summary

User feedback on usability is mixed; dissatisfaction with the platform's operations and dubious support hinder overall experiences.

"Navigating the platform was easy, but trust is a concern given its lack of regulation." - User Review

User Experience Analysis

User Interface and Accessibility

The interface is user-friendly, yet the underlying trust issues make it difficult for users to feel secure while trading.

Account Types and Features

Like many brokers, Likewood offers tiered account types with varying deposit minimums that appeal to beginner traders; however, the features attached to these accounts may not provide adequate support.

User Feedback Summary

Traders express frustration regarding account conditions and transparency in fee structures.

Customer Support Analysis

Support Channels Available

Likewood provides limited support through email and chat, with user experiences revealing inconsistent response quality and time delays.

Response Times and Quality of Support

Numerous reviewers reported slow response times, leading to dissatisfaction with support quality.

Summary of Support Experiences

While customer support exists, it is by no means a pillar of strength for Likewood, requiring careful consideration from would-be users.

Account Conditions Analysis

Minimum Deposit and Withdrawal Requirements

The minimum deposit of €250 may seem approachable, but unclear withdrawal requirements create uncertainty.

Trading Conditions and Restrictions

The promised leverage of 100:1 may attract traders; however, the reality of withdrawal conditions is less clear, often leading to frustration among users.

Summary of Account Conditions

Many traders find the minimum deposit appealing, but the ambiguous conditions tied to withdrawal can be a dealbreaker.

Conclusion

In conclusion, while Likewood presents itself as a potentially valuable trading platform due to its wide variety of trading options, the accompanying risks cannot be overlooked. The absence of regulatory oversight, reports of withdrawal difficulties, and a lack of transparency regarding costs all signal warning bells. As such, traders, especially those new to the market, are strongly advised to exercise caution before committing their capital to this platform, favoring regulated and well-reviewed alternatives that prioritize fund safety and customer support.