WikiFX

Reply

From my personal assessment and involvement in due diligence, I can confirm that Tapbit does not offer forex trading at all—major, minor, or exotic pairs—on its platform. The available tradable instruments are limited exclusively to derivatives and cryptocurrencies. In connection to this, the issue of leverage for major forex pairs simply does not arise for Tapbit, since forex is not supported. I was unable to locate any official documentation or clear details regarding maximum leverage for other asset classes either—such as cryptocurrencies or derivatives—which in itself signals a lack of transparency that experienced traders like myself must approach with caution. For me, the absence of regulatory oversight and a general lack of disclosure on such a fundamental aspect as leverage levels are significant red flags. This lack of clearly stated trading conditions makes it very difficult to accurately assess the risks involved. In my years of trading, I have learned that reputable, trustworthy brokers provide full transparency on critical metrics like leverage, spreads, and margin requirements. The fact that Tapbit provides little to none of this information, coupled with its unregulated status, means I am personally not comfortable allocating meaningful capital to this venue. Cautious inquiry and skepticism are warranted for any trader considering Tapbit, as essential details remain undisclosed.