LIKEWOOD

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

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.

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.

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.

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.