LIKEWOOD Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-17 15:44

Abstract：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.

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.