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• Our Review Method

• Is Lockwood Investments Scam or Legit Broker?

• What is Lockwood Investments?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Lockwood Investments due to the issues we've identified.

Is Lockwood Investments Scam or Legit Broker? ▲

Engaging in trading activities with Lockwood Investments is not deemed safe. The brokerage is a subsidiary of United Limited, a corporation incorporated in the Marshall Islands. The Marshall Islands is known for its virtually non-existent regulatory framework for forex trading, making it a hotspot for questionable brokerage firms such as PTBanc, Pinprotrade, among others. Due to the minimal setup cost and lack of stringent regulations, it has become a preferred location for brokers seeking to operate with minimal oversight.

What is Lockwood Investments? ▲

Lockwood Investments positions itself as an offshore brokerage entity, facilitating trading in Forex and Contracts for Difference (CFDs). Despite indicating a location in Sofia, Bulgaria on its website's contact page, this may not reflect the current base of operations, as the ownership has transitioned to United Limited. Lockwood Investments is part of a history of ownership changes, with its predecessor Solutions CM LTD having a track record of regulatory warnings. These warnings were issued due to the operation of unregulated brokerages such as OriginalCrypto, Britonprice, and Easy Line Pro, which have been subject to blacklistings by various regulatory bodies.

Furthermore, Lockwood Investments has itself attracted negative attention from regulatory authorities. Spain's National Securities Market Commission (CNMV) has issued warnings against Lockwood Investments for operating without authorization to provide investment services. Similarly, France's Autorité des Marchés Financiers (AMF) along with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) have raised alarms regarding the brokerage’s activities related to forex investments and online investment services in derivatives, including those involving crypto assets.

Conclusion ▲

In light of our comprehensive evaluation, spanning over 1000 brokers, we strongly advise traders and investors to steer clear of Lockwood Investments and other brokerages based in the Marshall Islands. The lack of stringent regulations and oversight in such offshore jurisdictions poses a significant risk to investors. It is imperative for traders to seek out brokerages that are subject to robust regulatory frameworks, such as those enforced in the United Kingdom or Australia. Brokerages that adhere to these regulatory standards, like FXTM, eToro, and XM, offer a more secure and reliable trading environment.

In a recent update, we have observed that the Lockwood Investments' website has become inactive, indicating a cessation in their trading services. Despite this, we urge potential traders to remain vigilant and avoid engaging with any proposals that may emerge from this broker in the future.