Berobit has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from Berobit and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Berobit seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Great customer service|Transparent fees|Fast execution
Cons: Website design could be more modern|Desktop app not available on Linux
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Berobit said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Low minimum deposit|Market news feed
Cons: Alert system is basic|No fractional shares
I experienced a security concern with my Berobit account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: API access|Quick verification|Market news feed|Regular updates
Cons: Limited cryptocurrency options
Do not be fooled by the professional-looking website. Behind the scenes, Berobit is disorganized and incompetent. I found them after a trusted YouTuber reviewed them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Great customer service|Detailed reporting
Cons: Limited cryptocurrency options|No phone support on weekends
Several red flags with Berobit: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
Berobit locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Transparent fees|Social trading features|Multiple order types
Cons: Onboarding videos are outdated|Live chat only during business hours
I trusted Berobit with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-device support|Excellent charting
Cons: No fractional shares|No live chat on mobile