Below is a comprehensive analysis of the broker associated with the website https://www.ls24k.com/, identified as LianSheng Global Group Limited, based on the provided criteria. The analysis draws on available information, including web sources, to evaluate the broker’s legitimacy, risk level, and associated concerns.

1. Online Complaint Information ¶

• Source: WikiFX
• Complaints: Multiple user complaints have been reported against LS24k, primarily centered around withdrawal issues. Specific complaints include:
• Inability to withdraw funds since October 1.
• Withdrawal requests from September 30 not processed, with delays and varied reasons provided by customer service.
• Allegations of LS24k deliberately preventing withdrawals.
• Exposure Section: WikiFX notes four exposure reports, with one example highlighting a client’s claim that LS24k has been obstructing withdrawals since September 30 under various pretexts.
• Impact: The high volume of complaints has led to a reduced WikiFX score, indicating significant user dissatisfaction and potential operational issues.
• Red Flags from Complaints:
• Persistent withdrawal delays or denials are a major concern, often indicative of liquidity issues or intentional misconduct.
• Lack of transparency in handling customer funds.

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2. Risk Level Assessment ¶

• WikiFX Rating:
• LS24k has a low WikiFX score, further reduced due to numerous complaints.
• The broker is flagged as high-risk due to regulatory concerns and operational issues.
• Risk Indicators:
• Withdrawal Issues: Consistent reports of inability to withdraw funds suggest financial instability or potential scam behavior.
• Regulatory Status: The broker is described as having “no valid regulation,” increasing the risk of trading with an unlicensed entity.
• Clone Status: LS24k is identified as a “dubious clone” registered under the Chinese Gold and Silver Exchange Society (CGSE), which raises concerns about its legitimacy and potential misrepresentation.
• Overall Risk Level: High
• The combination of withdrawal complaints, lack of valid regulation, and clone status indicates a high-risk broker. Traders should exercise extreme caution.

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3. Website Security Tools ¶

• SSL/TLS Certificate:
• The website (https://www.ls24k.com/) uses HTTPS, indicating the presence of an SSL/TLS certificate, which encrypts data between the user’s browser and the server. This is a basic security measure expected of financial platforms.
• However, an SSL certificate alone does not guarantee legitimacy, as many scam websites also implement SSL.
• Security Vulnerabilities:
• No specific information is available from the provided sources about additional security measures, such as two-factor authentication (2FA), anti-phishing protections, or regular security audits.
• The absence of detailed security disclosures on the website is a concern, as reputable brokers typically highlight robust cybersecurity practices.
• Recommendation:
• Users should verify the SSL certificate’s validity (e.g., issued by a reputable Certificate Authority like Let’s Encrypt, DigiCert, or Sectigo) using tools like SSL Labs.
• Conduct a malware scan using services like VirusTotal to check for malicious scripts or phishing risks.

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4. WHOIS Lookup ¶

• Domain Information:
• Domain Name: ls24k.com
• Registrar: No specific registrar details are provided in the sources, but WHOIS lookup tools (e.g., IONOS, DomainTools, or Whois.com) can provide registration details.
• Registration Date: Not explicitly mentioned, but the broker is noted to have been founded in 2019.
• Expiration Date: Unknown from available data.
• Registrant Details: Due to GDPR regulations, personal or organizational details of the domain owner may be hidden.
• Analysis:
• A recently registered domain (e.g., within the last 1–2 years) could be a red flag, as scam websites often use new domains to evade detection. Since LS24k was founded in 2019, the domain age is moderately established but still warrants scrutiny.
• Hidden registrant details are common but reduce transparency. Reputable brokers often provide verifiable contact information.
• Recommendation:
• Perform a WHOIS lookup using tools like whois.domaintools.com or whois.com to confirm the domain’s registration history and check for inconsistencies (e.g., frequent changes in ownership).

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5. IP and Hosting Analysis ¶

• Hosting Provider:
• No specific hosting provider is identified in the provided sources for ls24k.com.
• Related domains (e.g., movies24k.online) are flagged for using hosting providers with dubious reputations, which could apply to ls24k.com if hosted similarly.
• IP Address:
• No IP address details are available from the sources.
• Tools like loderi.com could provide IP and hosting information for ls24k.com, including the hosting provider, server location, and nameservers.
• Analysis:
• Hosting with a low-reputation provider can lead to issues like sluggish performance, downtime, or data insecurity.
• If the server hosts other unreliable websites, it increases the risk of association with malicious activities.
• Recommendation:
• Use tools like Site24x7 or UpGuard to analyze the website’s hosting infrastructure and check for blocklisted IPs or hosts.
• Verify the server location to ensure it aligns with the broker’s claimed headquarters (Hong Kong).

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6. Social Media Presence ¶

• Available Information:
• No specific details about LS24k’s social media presence are provided in the sources.
• Reputable brokers typically maintain active, verified social media accounts (e.g., Twitter, LinkedIn, Instagram) to engage with clients and share updates.
• Analysis:
• The absence of visible social media activity is a potential red flag, as legitimate brokers use these platforms to build trust and transparency.
• If social media accounts exist, they should be scrutinized for:
• Activity Level: Regular posts and user engagement.
• Verification: Official verification badges to avoid impersonation.
• User Feedback: Complaints or scam allegations in comments.
• Recommendation:
• Search for LS24k’s official social media accounts on platforms like Twitter, Facebook, or LinkedIn.
• Check for fake accounts or lack of engagement, which could indicate a lack of credibility.

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7. Red Flags and Potential Risk Indicators ¶

• Regulatory Concerns:
• LS24k is described as having “no valid regulation” and is a “dubious clone” under CGSE, suggesting it may falsely claim regulatory oversight.
• Lack of regulation by reputable authorities (e.g., FCA, ASIC, CySEC) increases the risk of fraud or mismanagement.
• Withdrawal Issues:
• Multiple complaints about delayed or denied withdrawals are a critical red flag, often associated with scam brokers.
• Clone Status:
• Being labeled a “clone” implies LS24k may be mimicking a legitimate broker to deceive users, a common tactic in forex scams.
• Low Trust Score:
• Related domains (e.g., movies24k.online, win24k.com, ls24.biz) have low trust scores on platforms like Scamadviser, suggesting a pattern of questionable operations.
• Lack of Transparency:
• Limited information about the company’s leadership, financial statements, or operational history raises concerns.
• Recent Domain Concerns:
• While LS24k’s domain is from 2019, related domains (e.g., movies24k.online) are recently registered, a common trait of scam websites.

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8. Website Content Analysis ¶

• Claimed Services:
• LS24k offers trading services through MT4/5 platforms, with customer support via phone (+852 55706001) and email (ib@ls24k.com).
• The website claims registration in Hong Kong and oversight by CGSE.
• Content Red Flags:
• Regulatory Misrepresentation: The claim of CGSE oversight is dubious, as the broker is flagged as a clone with no valid regulation.
• Lack of Detail: Reputable brokers provide detailed information about spreads, leverage, account types, and risk disclosures, which may be missing or vague on ls24k.com.
• Professionalism: Poor website design, grammatical errors, or overly aggressive marketing (e.g., “too good to be true” promises) could indicate a scam, though no specific design issues are noted in the sources.
• Recommendation:
• Review the website for transparency, including clear terms and conditions, risk warnings, and verifiable contact details.
• Compare content with regulated brokers (e.g., those overseen by FCA or ASIC) to identify discrepancies.

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9. Regulatory Status ¶

• Claimed Regulation:
• LS24k claims to be registered in Hong Kong and regulated by the Chinese Gold and Silver Exchange Society (CGSE).
• Verification:
• WikiFX confirms that LS24k has no valid regulation and is a “dubious clone,” suggesting the CGSE claim is false or misleading.
• CGSE is not a globally recognized regulatory body for forex trading, and its oversight is limited compared to authorities like FCA, ASIC, or CySEC.
• Analysis:
• Trading with an unregulated broker carries significant risks, including lack of investor protection, no recourse for disputes, and potential for fund mismanagement.
• The “clone” status suggests LS24k may be impersonating a regulated entity, a common scam tactic.
• Recommendation:
• Verify the broker’s regulatory status with reputable authorities (e.g., FCA, ASIC, CySEC) using their online registers.
• Avoid unregulated brokers, especially those with clone allegations.

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10. User Precautions ¶

To protect against potential risks when dealing with LS24k or similar brokers:

• Verify Regulation: Always confirm a broker’s regulatory status with recognized authorities (e.g., FCA, ASIC, CySEC) before depositing funds.
• Test Withdrawals: Deposit a small amount initially and test the withdrawal process to ensure funds can be retrieved promptly.
• Research Complaints: Check platforms like WikiFX, Scamadviser, or Forex Peace Army for user reviews and complaints.
• Use Secure Payment Methods: Avoid irreversible payment methods like wire transfers or cryptocurrency; use credit cards or regulated e-wallets for better recourse.
• Enable Security Measures: Use strong passwords, enable 2FA (if available), and avoid sharing sensitive information.
• Beware of Promises: Be cautious of brokers promising high returns with low risk, as this is a common scam tactic.
• Report Issues: If you encounter problems, report them to WikiFX (report@wikifx.com) or relevant authorities.

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11. Potential Brand Confusion ¶

• Similar Domains:
• Related domains like movies24k.online, win24k.com, ls24.biz, and lsd24.com have low trust scores and are flagged as potential scams.
• The “24k” branding is common in various industries (e.g., 24.com, a South African media platform; 24ktechsolutions.com, an IT service), which could lead to confusion.
• Trademark Issues:
• The USPTO notes that trademarks with similar sound, appearance, or commercial impression can cause confusion. LS24k’s use of “24k” may inadvertently or intentionally mimic other brands, especially in finance or luxury sectors.
• Analysis:
• The similarity between ls24k.com and other “24k” domains could be exploited to deceive users, especially if LS24k is a clone broker.
• Users may mistake LS24k for a legitimate entity associated with established brands like 24.com or 24ktechsolutions.com.
• Recommendation:
• Verify the exact website URL (https://www.ls24k.com/) to avoid phishing sites or impostors.
• Conduct a trademark search via USPTO to check for conflicts with the “LS24k” name.

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12. Recent Results and Trends ¶

• Complaint Trends:
• Recent complaints (as of October 2020) focus on withdrawal issues, with no indication of resolution.
• The persistence of complaints over months suggests ongoing operational problems.
• Regulatory Scrutiny:
• Unregulated brokers like LS24k are increasingly under scrutiny as forex scams rise. WikiFX emphasizes the importance of choosing regulated brokers to avoid such risks.
• Scam Patterns:
• The low trust scores of related “24k” domains (e.g., movies24k.online, win24k.com) indicate a broader pattern of potentially fraudulent websites using similar branding.
• Recommendation:
• Stay updated on broker reviews via platforms like WikiFX or Scamadviser, as new complaints or regulatory actions may emerge.

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Conclusion ¶

Summary of Findings:

• High Risk: LS24k (LianSheng Global Group Limited) is a high-risk broker due to multiple withdrawal complaints, lack of valid regulation, and its status as a “dubious clone” under CGSE.
• Red Flags: Persistent withdrawal issues, unregulated status, potential brand confusion with “24k” domains, and limited transparency are major concerns.
• Website Security: While HTTPS is used, no additional security details are provided, and hosting/IP information is unclear.
• User Precautions: Verify regulation, test withdrawals, and avoid irreversible payments to mitigate risks.
• Brand Confusion: The “24k” branding may cause confusion with legitimate entities, increasing the risk of deception. Recommendation:
• Avoid Trading with LS24k: Given the high risk, lack of regulation, and numerous complaints, traders should avoid LS24k and opt for brokers regulated by reputable authorities (e.g., FCA, ASIC, CySEC).
• Further Research: Conduct independent due diligence using WHOIS lookup, IP analysis, and user reviews before engaging with any broker.
• Report Issues: If you’ve interacted with LS24k and faced problems, report them to WikiFX or regulatory bodies for investigation. Sources:
• WikiFX review and exposure reports.
• Scamadviser insights on related “24k” domains.
• General scam detection tips from Scamadviser.
• WHOIS and domain lookup guidance from IONOS and DomainTools.
• Trademark confusion information from USPTO. If you need further analysis or assistance with specific tools (e.g., WHOIS lookup, IP check), please let me know!