www.lockwoodinv.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.lockwoodinv.com.
The onboarding at www.lockwoodinv.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Easy to use platform|Demo account available|No hidden fees|Competitive fees
Cons: Limited social trading features|Inactivity fee applies after 12 months
What really bothers me about www.lockwoodinv.com is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: No hidden fees|API access
Cons: Wait times can be long during peak hours
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. www.lockwoodinv.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Two-factor authentication|Easy withdrawals
Cons: Mobile app could be improved|Live chat only during business hours
I experienced a security concern with my www.lockwoodinv.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Portfolio tracking tools|Regular platform improvements|Wide product range|Regular updates
Cons: Limited social trading features
My withdrawal request from www.lockwoodinv.com has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Great customer service|Risk management tools|Smooth onboarding|Wide product range
Cons: Minimum deposit could be lower
The only good thing about www.lockwoodinv.com is that they remind you why regulation matters. I found them through my accountant's suggestion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Easy to use platform|Smooth onboarding|Portfolio tracking tools
Cons: Inactivity fee applies after 12 months|Website design could be more modern