WikiFX

Reply

Based on my direct experience and careful review of Tapbit, I find it concerning that the broker provides no transparent information about spreads—whether fixed or variable—on their platform. As a trader, spread structure is fundamental to understanding your potential costs and managing risk, especially during turbulent news cycles or high-volatility events. The fact that Tapbit is unregulated and does not disclose basic details about spread behavior makes it challenging, if not impossible, to anticipate trading conditions or protect yourself from sudden, unfavorable changes. Spreads often widen dramatically during periods of market volatility on even reputable platforms, and unregulated brokers can be especially risky in this regard since there is no external oversight or guarantee of fair execution. When a broker lacks both regulation and transparency on such a basic trading condition, I personally consider it an unacceptable risk. I recommend extreme caution, especially for newer traders who might underestimate their exposure to unknown transaction costs during major news announcements or market turbulence. In my view, reliable and fully disclosed spread information is non-negotiable, and without it, I cannot trade with confidence on Tapbit.