It is very important for "young" traders to start working in the investment field with the support of professionals. That is why brokers always focus on this advantage.
For example, the LCTGroups blockchain emphasizes its interest in the security and reliability of the services provided, including round-the-clock support for its own depositors. In addition, the mentioned company demonstrates in its legend 4 years of experience and a list of eminent regulators, whose support it supposedly enlisted.
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Reviews about LCTGroups
Withdraw money from LCTGroups
However, investor feedback suggests the opposite: traders do not receive the promised benefits and lose money even due to the mistakes of the managers themselves. It is unlikely that a worthy broker would make such "blunders" in their work. Therefore, it is worth taking a closer look at the LST Groups project to find out whether it is even possible to return your money.
Contact Information
It is worth noting that at first glance the company's website has all the necessary information. At least he promises to provide it. At the same time, of the possible contacts, there is only a registration address and an email box.
- 23/45 Clarence St, Sydney NSW 2000, Australia;
- [email protected].
Immediately alarming is the lack of a phone number and technical support chat. Apparently, the promised connection with professionals in 24/7 mode takes place in some hidden ways, accessible only to the honored. And it is hard to believe in the effectiveness of the online form.
Also, you should not even hope for the minimum list that is presented to the public, since Yandex.Map from the specified coordinates finds only Clarence Street in Sydney, New South Wales. Moreover, judging by the satellite images, this is an area with low-rise private buildings, where it is difficult to imagine a large brokerage firm.
At the same time, e-mail does exist on the web. However, this is a one-way form of communication that is used to manage the correspondence with the client at its own discretion and distribute self-promotion.
The site does not contain links to corporate pages on social networks, although the office distributes self-advertisement precisely on the open spaces of public sites. Moreover, if you turn to the search for video channels, then instead of training videos or presentations, there are revealing videos about the unfortunate organization.
Such a prioritization is characteristic of many scammers, with whom the hero of this review has a resemblance even in appearance.
Site Overview
The LST Groups resource is presented in an identical interface with the following fake brokers:
- EMS LTDA;
- TGP Deals;
- Beem Corp.
Fake projects have the same registration forms, layout principle, as well as legal information, and this is another fact that should alert potential investors.
Interestingly, with obvious signs of dishonesty, the scammer claims to have 12 of its branches located around the world. Together they managed to achieve high statistics:
- more than 31,200 active accounts;
- 335,000 daily trades;
- daily financial turnover of at least $185 million;
- over 200 tools available.
Achievements according to the statement of the office were given to LCTGroups not immediately, but after 4 years. Indeed, according to legend, the scam project opened its first office in 2018. You can check this statement with the history of the domain. And it started not too long ago.
According to a specialized application, the IP address has existed since 2013. But all this time it belonged to third-party owners, and the domain fell into the hands of our hero in September 2021, which is completely inconsistent with 4 years of experience. The office is no more than a year old, during which it would not be able to achieve the results given by the statistics.
Trading conditions
A lot of "strangeness" comes across among the data on trading conditions. For example, the starting capital among the three developed accounts has a significant spread: from $100 in the simplest tariff to $25,000 and $50,000 in the other two. In general, the trading conditions of the proposed accounts look like this:
At the same time, the office offers work in the author's terminal, which in this case implies illegal access to and disposal of the depositor's finances. Traders can manage their accounts on their own or use trust management.
There is no information about commissions and fees, and methods of depositing and withdrawing funds are described very poorly. It is known that you can use bank cards and electronic wallets.
The project also does not provide bonus incentives and affiliate programs. And from the available markets:
- forex;
- metals;
- stock;
- indices;
- cryptocurrency;
- goods.
Investors can plan their strategy with the help of a trading calculator that gives plausible forecasts, but they do not help investors earn money.
Legal information
In the context of self-promotion, a fake broker enlists the support of all well-known international regulators: AMF, BaFin, CySEC, SCA, CFTC, MiFid, FCA, SFC. Moreover, the scammer allegedly received licenses from three of them:
- Cyprus Securities and Exchange Commission CySEC - No. 509/34;
- Belize International Financial Services Commission IFSC - No. 12/38/RT/97;
- Financial Services Commission of the Republic of Mauritius FSC Mauritius - No. J228666497.
However, if you check the provided data on the official websites of organizations, then there is no information either by name or by license numbers.
Moreover, fake data was invented “from the lantern”, since according to the rules of the Cyprus Commission, the license number includes the year of registration of the company. It turns out that in this case the office received a permit document already in 1934 (509/34).
In addition, registration in Australia requires a license from the ASIC regulator, which is not mentioned on the site. However, scammers also do not provide confirmation of the mentioned documents in the form of scanned copies of licenses.
But in the internal documentation, it’s just the opposite - the divorce scheme is described in detail, or rather, the procedure for terminating contracts according to a scheme that is completely unfavorable for depositors and paying the trader the commissions and fees presented on an urgent basis.
If you search for an office in the lists of legal entities in Australia, you will not be able to find even a single similar broker. Finally, the work of a pseudo-office on the Runet should involve official registration with the domestic regulator - the Central Bank of the Russian Federation and entry into the OGRN register.
Checking the scammer gives similar results - no registration, not even a mention of a scam.
The article belongs to the resource https://stolohov.com - the most complete and up-to-date information about brokers (articles can be stolen and changed by scammers)
Contributor reviews
The exhaustive results of the checks are supported by the negative feedback from traders who have had a successful experience of cooperation with LCTGroups even before the question of withdrawing their capital arose. The reasons why funds are not withdrawn to them are always different: commissions and fees, application failure or groundless blocking of a personal account.
How to return money
In this case, the return of funds is possible only in a forced way using the chargeback procedure. It is made by specialists on the basis of the Rules of International Payment Systems and evidence of fraud provided by the depositor.
Money is returned to investors by writing off finances from the accounts of a false broker. You can get detailed information about the chargeback procedure by filling out the form below:
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