LegitimateBitrade Broker Review

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Do You Want to Know If LegitimateBitrade Is Legitimate or a Scam Broker? 

First off, we have to wonder when a company has to have the word “legitimate” in its name. We’re not saying that no legitimate company would label itself “Legitimate.” It’s just that if a broker is already fine, they have their license to prove it–they don’t need to put it in their name. Actually, LegitimateBitrade doesn’t have a license at all. The SEC has flagged it for offering trading without a license. 

There Are Some Problems with LegitimateBitrade

The web content doesn’t really tell us very much. It’s mainly a string of cliches. When we ask which payment method to us, they answer “all major types–Bitcoin!” Well, that’s speaking out of both sides of one’s mouth. We see guaranteed returns, which are always red flags, and encouragement for clients to immediately get into debt–they are offering loans. Few things in trading situations are more dangerous than trading on the margin. Stay away from this broker. 

Red Flags that LegitimateBitrade Could Be a Scam Broker

  • No license
  • Flagged by the SEC
  • Guaranteed returns
  • Encourages trading on the margin
  • Relies heavily on crypto deposits
  • No transparency
  • Misleading statements
  • Bad reviews

If You Need Fund Recovery from LegitimateBitrade, Talk to Us

We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.