The Official Website Of Legitimatebitcoin Cannot Be Accessed Normally At Present. The Company Seems To Have Closed Down. Therefore, We Can Only Collect Some Relevant Information For Reference Only.
2022-07-14 UK FCA Adds Legitimatebitcoin To Warning List
On July 14, 2022, The UK Financial Conduct Authority (UK FCA) Issued A Warning That Legitimatebitcoin Provides Financial Services Or Products In The UK Without Authorization. You Can Visit The Following Website For Details: Https://www.fca.org.uk/news/warnings/legitimatebitcoincom
2022-07-15 We Have Confirmed After Review That Legitimatebitcoin Is An Unregulated Forex Broker
Legitimatebitcoin Claims To Be A Reliable Broker, But Does Not Provide Any Information About Its Regulation. Lack Of Such Important Information Can Be A Clear Signal For An Unlicensed Trader, As Regulated Traders Always Display Their Certification And Regulation Prominently. This Is A Red Flag.
Legitimatebitcoin Also Claims That Its Corporate Headquarters Are Located In The United Kingdom. According To UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Must Obtain Authorization Or Business Registration From The UK Financial Conduct Authority (FCA). But When We Looked Up Its Regulatory Information In The FCA, We Only Found A Warning Issued By The Regulator Against The Trader, Warning That Legitimatebitcoin Is Not Authorized To Provide Financial Services Or Products In The UK.
This Means That Legitimatebitcoin Is Not Regulated By Any Regulator. It Is Not Safe For This Trader To Hold Or Control Investor Funds, And Investors Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website At This Time, We Are Also Unable To Obtain More And More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Legitimatebitcoin Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Legitimatebitcoin As A, Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, They Are Likely To Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
