Tapbit Exposed: Traders Report Frozen Withdrawals and Sudden Rule Changes

Have you been anxiously waiting for Tapbit to release your withdrawal funds, only to face repeated denials? Does the customer support official fail to respond to your withdrawal queries? Does the broker surprise you with unfair rules, leaving you reeling under losses? You are not alone! Many have been facing these issues for a long time, with a few even approaching legal firms to recover their stuck funds. In this Tapbit review article, we have shared certain complaints traders have raised online. Read on to check their reviews.

Checking the Top Complaints Against Tapbit

The Growing Withdrawal Denial Issue

Tapbit constantly disallows traders from withdrawing their hard-earned funds. The broker gives numerous reasons to block their withdrawal access, and many of them sound illegitimate as per traders. Here are some withdrawal-related complaints that drew our attention.

Want Withdrawal Access? Pay Exorbitant Conversion Fees & Other Costs, Say Tapbit

Trading rules change with the blink of an eye at Tapbit. The broker introduces new rules suddenly to surprise you. In one such case, a trader seeking withdrawals worth $30,000 was asked to prepay $3000. Further, the trader was asked to pay the conversion fee worth $10,000. The trader, understandably, could not pay all that, leading to withdrawal blocks.

The Hoopla Surrounding the Bonus Offer

This section reflects the inconsistent approach adopted by Tapbit regarding a bonus offer. The story begins with a trader joining the trading platform by clicking on a link stating a bonus worth 100 USDT with no KYC. However, the trader came to know that the brokers app had been deleted from the app store. The trader went further to select from a modest list of cryptos, leaving him surprised. As things moved on, the trader received two emails, one saying the bonus is about to expire, another saying the bonus has expired. Check this screenshot to imagine how confusing and troublesome this incident must have been for the trader.

Some Went Legal to Recover Their Funds

Tapbits customer support system has been so ineffective that some traders even chose to contact legal firms to recover their funds. Fortunately, they managed to recover their funds. Here are some screenshots regarding this.

The Review of Tapbit by WikiFX - Score & Regulation Status

The growing trader complaints made the WikiFX team investigate Tapbit on various aspects. After analyzing the broker carefully, the team found it to be unlicensed, adding credence to the red flags raised by traders. In view of the growing investment risks for traders, the WikiFX team gave Tapbit a poor score of 1.39 out of 10.

For more info about Tapbit and other scam forex brokers, be part of WikiFX Masterminds.

Join this group (ID:EODL15W5IH) by following these steps -

1. Scan the QR code placed right at the bottom.

2. Download the WikiFX Pro app.

3. Afterward, tap the ‘Scan’ icon placed at the top right corner

4. Scan the code again.

5. Congratulations on joining the group.