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Likewood Invest Review | The Opportunity to Improve Your Trading Experience or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
Likewood Invest - logo

Likewood Invest claims to offer individuals the opportunity to improve their trading experience. However, behind this vague statement lies a hidden reality that we are about to uncover. In this review, we will delve into our investigation to determine whether Likewood Invest falls under the category of trustworthy brokers or if it is yet another scam.

Highlights

🏛️ Country UK, China
⚠️ Regulation
🖥️ Website https://likewood-invest.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit €250
⚖️ Minimum and Maximum Leverage 1:200-1:400
⚙️ Trading Platform Unknown
📨 E-mail support@likewood-invst.com
📞 Phone

First Impression of Likewood-invest.com

The official website of Likewood Invest fails to make a strong impression. Its uninspiring design, characterized by a lackluster dark background, unappealing font choices, and animations that add no value, does little to engage visitors. Furthermore, the limited language options of English and Italian suggest a narrow target audience, potentially alienating traders from other regions.

Likewood Invest - Website

One notable aspect is the lack of substantial information about the company itself. Instead of providing detailed insights into their background, history, and regulatory status, the website primarily focuses on abstract missions and vague benefits.

Partnership and Bonuses

Likewood Invest claims to offer various types of partnership programs, allowing individuals to become representatives of the broker or establish their own network of affiliates. While the concept of partnership opportunities may seem appealing, the lack of transparency surrounding the rewards and compensation structure raises concerns.

The absence of readily available information regarding the rewards and incentives within these partnership programs leaves potential partners in the dark about the potential financial benefits. It is unclear how much the broker is willing to pay or what criteria must be met to qualify for rewards.

Account Opening on Likewood-invest.com

Registration with Likewood Invest follows a standard process commonly found in the brokerage industry. Traders are required to provide personal information such as their name, country of residence, and contacts. However, one significant drawback is that the broker does not verify the provided email or phone number during the registration process. This lack of verification raises concerns about the security and authenticity of user accounts, as it leaves room for potential misuse or fraudulent activities.

Registration

Moving on to the client portal, it can be described as rather unremarkable in terms of its design and visual appeal. The overall aesthetics and user interface may not captivate users with its modern or innovative elements. However, despite its unimpressive appearance, the client portal does fulfill its primary purpose by offering all the necessary functions required for trading activities.

Likewood Invest - Client Portal

Verification

Likewood Invest requires clients to undergo a standard verification process. During this process, clients are typically asked to provide identification documents such as a passport or driver’s license, proof of address, and possibly additional documents to confirm their identity. The broker reviews and verifies these documents to ensure compliance with regulatory requirements and to enhance the security of client accounts.

Pros
  • The verification is required.
Cons
  • There is no data about the deadlines for document checking.

Trading Software

Likewood Invest provides its clients with a range of trading platforms to choose from, including a web trader, downloadable terminal, and a mobile application. While the broker claims these platforms to be their own proprietary software, their origin and overall quality remain somewhat questionable. The web trader, in particular, appears to be less refined compared to other industry-leading platforms. However, it does offer a user-friendly interface that could be suitable for novice traders who are just starting their trading journey.

On the other hand, more experienced and professional traders may find these platforms lacking in advanced features and tools that are essential for in-depth market analysis and sophisticated trading strategies.

Features Likewood Invest Alliance Reserve  GoldberryCo
Demo Account
Mobile App
Own Development

How Can I Trade With Likewood Invest

Likewood Invest positions itself as a leader in the trading industry, suggesting that it offers something exceptional to its clients. Let’s delve into the details and see if this claim holds true.

All Info About Accounts

Similar to many brokers, Likewood Invest offers different types of accounts categorized by their minimum deposit requirements and additional services. There are only three account types, and the investment amounts are relatively affordable: 250, 500, or 1000 euros, depending on the account type. Additionally, there is a slight variation in leverage, ranging from 1:200 to 1:400. Higher-tier accounts also grant access to analytical tools and other supplementary services.

However, it is worth noting that the broker strangely omits any mention of spreads, swaps, and commissions. This lack of transparency regarding these crucial trading costs raises concerns, as traders need to have a clear understanding of these factors

Pros
  • Low minimum deposit.
Cons
  • Trading conditions are not described in detail.

Market Analysis and Education With Likewood-invest.com

Likewood Invest offers market analysis as part of its additional services, which can be beneficial for traders seeking insights and information. However, the quality of this analysis remains a mystery to us. The lack of transparency regarding the names of the analysts and the specific professional services they provide is a significant drawback.

Knowing the credentials and expertise of the analysts is crucial for traders to assess the reliability and accuracy of the market analysis.

Deposit, Withdrawal, and Fees

Likewood Invest offers a range of deposit methods for funding trading accounts, including credit and debit cards, the Interac e-Transfer electronic payment system, and cryptocurrencies. It appears that these same methods are available for withdrawals as well. However, it is important to note that verification is required before initiating any withdrawals.

While Likewood Invest provides various options for depositing and withdrawing funds, the lack of information regarding associated fees is concerning.

Features Likewood Invest OptiCapital  Squire’s Finance Limited
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

Likewood Invest provides contact options through email, and they also display a couple of addresses for communication purposes. However, it is important to note that the authenticity of these addresses remains uncertain. A closer look at the maps reveals a lack of information indicating the presence of Likewood Invest offices at the provided addresses.

Pros
  • There is an email address.
Cons
  • The office address is probably fake.

Is Likewood Invest Dangerous?

We have strong doubts about Likewood Invest being a leader in any industry; rather, it appears to be a primitive scam. Proving this is quite straightforward.

How Long Does The Broker Work?

Nowhere on their website does the broker provide information about their project’s start. Instead, you will find generic statements like “over the course of our existence” or “since we opened our doors.” To verify their claims, we investigated when this broker actually emerged. The domain was created on March 22, 2023, and it took a couple more months for the first reviews about the broker to surface. Do you really think they became an industry leader within two months? Highly unlikely!

Domain info

How Is Likewood Invest Regulated?

Let’s examine the company’s provided addresses. First, we couldn’t find Likewood Invest registered in the UK registry. However, their terms and conditions disclose legal information related to a Hong Kong location. It is crucial to check the registry of that jurisdiction. As it turns out, Likewood Inc Limited is not a fabrication; it indeed existed. Why do we speak in the past tense? Because it was established in 2012 and dissolved in 2021. Currently, its status is “inactive.” However, the Likewood Invest website only emerged in 2023. The creators of this project decided to exploit the legal information of a previously closed company to deceive traders and avoid inconveniencing currently operating firms they could have posed as. Consequently, any claims of holding licenses for brokerage services in this case are unfounded.

Legal data check

Features Likewood Invest Maddex Capital Royalzysk
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

It never ceases to amaze me how some brokers think they can outsmart everyone. Seriously, is it really that simple to just take the information from another defunct company? Come on, guys! In the age of the internet, all your scammy schemes can be unraveled in a matter of minutes. My fellow traders, don’t fall for this nonsense and always choose trusted firms. Stay smart, stay vigilant, and may your trades be profitable with reputable partners. Remember, we’re not here to be fooled. Cheers to wise investing!

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Likewood Invest rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Likewood Invest

Mark June 27, 2023 - 16:08
No evidence of being a solvent broker
The level of trust

There is no evidence that Likewood Invest processes withdrawals and sends funds successfully. Show me any proof that this scammy website actually handles withdrawal requests and transfers funds. I haven’t seen a single one. If there are any positive comments about this underdeveloped, half-dead company, they lack evidence, specifics, screenshots, or any other form of proof. However, there is a massive pile of negative reviews that clearly explain why it’s a scam, why they don’t process withdrawals, and what the issues are. By the way, I suggest you read them if you have any desire to hand your money over to scammers. After reading these reviews and exposés, any inclination to work with this broker will undoubtedly disappear.

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Jenny Haru July 10, 2023 - 07:21
Scam targeting Italian traders
The level of trust

The funny thing is that Likewood Invest has a website available only in English and Italian. But the broker itself is foreign, with an address in Hong Kong, yet it only offers English and Italian. It’s all quite simple and clear. Fraudsters created this company to deceive Italian traders. And conveniently, they list the deposit amounts in euros. As for their supposed backstory, they didn’t really think it through. It’s hard to understand what Hong Kong has to do with it.

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