Scam Broker Legitimatebitrade

Want to Trade with Legitimatebitrade? Read This First!

This name makes us giggle a little bit. If a broker is truly legitimate, they don’t need to put the word “legitimate” in their name. They simply need to show a license. According to the SEC, this broker has no license to show. That’s not a vote of confidence. We found many other problems with this broker which indicates it’s not safe to trade with. 

Is Legitimatebitrade a Scam or Legitimate? 

Like many other brokers, they don’t really give us real identities behind this operation. They just give us cliches and fluff on their website. Legitimatebitrade guarantees returns which is never okay. They even encourage their clients to go into debt and trade on the margin. When consulting the Q&A’s, to answer the question, “What can I withdraw my money in?” the answer is “Any payment method: bitcoin” that’s like saying–you can have anything you like to drink–water!” This is not the kind of broker we can recommend trading with. 

We Found Problems with Legitimatebitrade: 

  • Not regulated
  • SEC warning
  • Guaranteed returns
  • Encourages trading on the margin (going into debt to trade)
  • Negative reviews
  • No transparency. 
  • No contact information

What You Should Do If You Have an Account with Legitimatebitrade?

You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!

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