Detailed review of the LHK-GROUP trading scheme: analysis of the pseudo-broker’s activities, reviews.

Schemes of Fraudulent CFD Broker LHK-GROUP

One of the signs indicating a one-day broker is the lack of company information online. It is suspicious when a company claims popularity and customer trust without providing any supporting evidence. This can be applied to LHK-GROUP, which claims to be a verified intermediary since 2017 but has minimal reviews and feedback. This approach suggests that lhk-group.com is another fraudulent enterprise aimed at deceiving users. Let’s examine the dubious arguments of this broker and determine whether it is trustworthy.

Introduction to CFD Broker LHK-GROUP

According to the company, CFD broker “LHK-Group” hails from Cyprus. The website presents a detailed history of the organization, asserting that it has been operating since 2017. Its representatives claim that 98% of registered traders are satisfied with the quality of service. But where is the evidence for such claims? Reviews from deceived clients refute these claims. The authenticity of this research is in question. Only complaints and dissatisfaction are encountered along the way.

There is very little information online about the bogus broker LHK-GROUP, indicating its minimal presence in the market. The supposed 3 years of experience (as claimed by the company) are not substantiated by real facts. The site lhk-group.com was registered back in 2015 when no one had heard of “LHK-Group.” Likely, scammers acquired an old domain and began their schemes.

Another interesting fact is the address listed on the fake broker’s website as its headquarters: 2, Agias Sofias, Lemesos District, 3065. Research has shown this to be simply a business center providing rental space for negotiations. Such places are often used by scammers as offices. An example is RSK Partners, a company characterized by numerous negative online reviews. Thus, “LHK-Group” has no real presence, functioning only online.

Another reason for doubt is the company’s promises to provide extensive trading support to clients. Traders complain about technical support, citing its unreliability. Contacting technical support specialists is nearly impossible. Investors are left to solve all arising problems on their own as representatives of the scam project do not aim to provide assistance but focus on drawing funds through account replenishment.

Attempts to contact support through the phone (+ 44 (0) 130 23 481) or email ([email protected]) listed on the website prove fruitless! How can a company demonstrating such an attitude towards clients claim to be the best CFD broker? Clearly, this information serves only to confuse inexperienced users.

Experienced traders quickly notice the attempts at deception. Claims of 6 international awards are not even substantiated by providing scanned copies of documents. Even information about daily trading volumes and the number of open accounts ($71 million and over 183,000, respectively) is fabricated—as research has shown, only a few dozen people visit the official representative’s site from our review each day.

License and Regulation of Broker LHK-GROUP

The fake CFD broker LHK-GROUP lies about operating in the legal field. The website lhk-group.com lists 3 regulators:

• CySEC (license number – 184/31),
• IFSC (license number – 25/136/TS/18),
• FSC (license number – C358249318).

It is noteworthy that the fake CFD broker inexplicably restricts data copying. This appears to be done intentionally to prevent clients from quickly verifying the authenticity of licenses on websites of corresponding regulators. The Cyprus Securities and Exchange Commission’s website says nothing about “LHK-Group.” Consequently, the one-day broker provided fake license numbers.

In Russia, the firm “LHK-Group” operates illegally without permission from the Central Bank. Why bother complying with the law if scammers never intended to treat investors honestly from the start? Their goal is to quickly seize deposits and disappear abroad, then reappear under a different name. According to past research, this scenario is quite common.

Registration Procedure on lhk-group.com

Creating an account and transferring funds to “LHK-Group” is unreasonably risky! Even the official pseudo-broker’s website lacks a client agreement including rules and obligations. Many traders have encountered this fact, expressing their regret in reviews.

By topping up your balance on the LHK-GROUP website, you are essentially handing over your savings to fraudsters who do not even have a license for their activities. Furthermore, nothing is known about the founders of this scam project and team members.

In a bid to attract clients, scammers have significantly simplified the registration process. Only a few steps separate naive users from fraud. The registration requires providing such data:

• name and surname,
• email,
• password,
• mobile number,
• promo code.

After this, the client can access their account and proceed to fund it. User reviews show that they were attracted by the simplicity and speed of the registration process, but in chasing easy profits, they lost everything.

Trading Conditions of CFD Broker “LHK-Group”

Professionals shun dealings with LHK-GROUP because the official pseudo-broker’s website lacks a detailed description of trading conditions. Research has shown that scammers claim to offer over 120 assets (stocks, currency pairs, precious metals, commodities, cryptocurrencies). They also promise:

• spreads from 0.1 pips,
• instant order execution,
• leverage ranging from 1:1 to 1:500,
• minimum position size of 0.01.

Indeterminate conditions were specifically designed for novices who do not fully understand trading and broker selection. As for trading accounts, “LHK-Group” offers the following options:

• “Standard”. Starting deposit – $150. Provides leverage condition of 1:20. The company “LHK-Group” promises instant order execution.
• “Standard”. Minimum deposit – $1,000. Features leverage up to 1:500, instant order execution, deposit protection, and cryptocurrency trading.
• “Premium”. Initial deposit from $10,000. Conditions include instant order execution, leverage up to 1:500, deposit protection and insurance, round-the-clock support.

The pseudo-broker’s website lhk-group.com does not even provide an overview of fund replenishment/withdrawal methods, causing confusion among users. Nevertheless, experienced fraudsters from LHK-GROUP promise an individual approach and guarantee more detailed information during the process.

Client Reviews on LHK-Group

For the sake of review objectivity, we invite you to read feedback from former LHK-GROUP clients.

One review reflected a trader’s bitter experience with cooperation. He noted that scammers exploit many people’s desire to earn money during quarantine.

Another client lost a significant sum due to LHK-GROUP scammers. He plans to report to law enforcement but is uncertain about the success of such a step.

Tatyana shared in her review that representatives of LHK-GROUP tried to pressure her to take out a loan. Due to refusal to withdraw funds from the account, scammers claim “account activity insufficient.”

Conclusions on lhk-group.com Company Review

LHK-GROUP is a leading member of the blacklist! This one-day broker does not deserve trust. Financial gain from them is unattainable. In its short time on the market, the company has managed to ruin its reputation. Only lies, information hiding, poor customer service, and withdrawal issues prompt us to place “LHK-Group” on the blacklist!