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LIKEWOOD

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Operating status: SCAM

Website: https://www.likewood-invest.com/

Broker violations and abnormal records
  • 2023-07-25 The Luxembourg's CSSF issues a warning against LIKEWOOD

    On July 26, 2023, the Financial Industry Authority (CSSF) of Luxembourg issued a warning against LIKEWOOD, saying it is not regulated by the CSSF and not authorized to offer financial services in or from Luxembourg. https://www.cssf.lu/en/2023/07/warning-concerning-the-fraudulent-activities-carried-out-by-the-entity-likewood-invest-ltd-wood-finance-limited-and-usurpation-of-the-name-and-logo-of-the-cssf-as-well-as-of-the-name-of-the-maltese/

    On July 26, 2023, the Financial Industry Authority (CSSF) of Luxembourg issued a warning against LIKEWOOD, saying it is not regulated by the CSSF and not authorized to offer financial services in or from Luxembourg. https://www.cssf.lu/en/2023/07/warning-concerning-the-fraudulent-activities-carried-out-by-the-entity-likewood-invest-ltd-wood-finance-limited-and-usurpation-of-the-name-and-logo-of-the-cssf-as-well-as-of-the-name-of-the-maltese/
  • 2023-07-27 BrokersView has reviewed that LIKEWOOD is an unregulated broker

    LIKEWOOD claims that it is operated by Likewood INC Limited, a company have offices in the UK and Hong Kong, respectively. However, we searched in the registers of the Financial Conduct Authority (FCA) and the HK Securities and Futures Commission (HK SFC) for this company but no matching records have been found. This is a red flag.

    Furthermore, the Financial Industry Authority (CSSF) of Luxembourg has issued a warning against LIKEWOOD, cautioning the public of this unauthorized firm.

    In essence, LIKEWOOD is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    LIKEWOOD claims that it is operated by Likewood INC Limited, a company have offices in the UK and Hong Kong, respectively. However, we searched in the registers of the Financial Conduct Authority (FCA) and the HK Securities and Futures Commission (HK SFC) for this company but no matching records have been found. This is a red flag.Furthermore, the Financial Industry Authority (CSSF) of Luxembourg has issued a warning against LIKEWOOD, cautioning the public of this unauthorized firm.In essence, LIKEWOOD is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

LIKEWOOD has license right???

Ayodeji Ibrahim
Denmark
2023-08-16
ANSWER LIKEWOOD doesn't have any license to offer investment services and other financial services.LIKEWOOD claims that it is operated by Likewood INC Limited, a company with offices in the UK and Hong Kong. However, neither the Financial Conduct Authority (FCA) nor the HK Securities and Futures Commission (HK SFC) has licensed this company as there are no matching records in their registers. This is a red flag.In addition, the Financial Industry Authority (CSSF) of Luxembourg has issued a warning against LIKEWOOD, cautioning the public of this unauthorized firm.In essence, LIKEWOOD is an unlicensed broker. It comes with significant risks such as fraud and identity theft, as there are no rules in place to safeguard investors. Therefore, we strongly suggest investors stay away from unlicensed brokers like LIKEWOOD and instead choose a fully regulated one.
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