Reported as a scam / unregulated
Why Legitimateworldwidebitrade is on the register
First, it claims to be registered with the Securities and Exchange Commission (SEC) and in the United States. As we all know, the SEC has no right to regulate foreign exchange, and we did not find any matching information in the NFA. Secondly, it displays a hyperlink entrance of “Company Licence” on the webpage. Clicking it will jump to the OpenCorporates registration page. After checking, OpenCorporates only represents company registration and does not have any regulatory rights, so this is also unreliable. Investors are advised to be careful to distinguish. In essence, Legitimateworldwidebitrade is not regulated by any governing body. Entrusting it with investors’ funds is highly risky, as there are no legal protections in place to safeguard the funds. Legitimateworldwidebitrade appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.