Reapbitex (original.newsbreak.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: original.newsbreak.com.
I trusted Reapbitex (original.newsbreak.com) 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: Fast support response|Competitive fees|No hidden fees|Dividend tracking
Cons: Withdrawal takes 1-2 business days
Do not use Reapbitex (original.newsbreak.com) for anything serious. I used them for over three years for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Segregated accounts|Responsive team
Cons: No phone support on weekends|None so far
Reapbitex (original.newsbreak.com) locked my account without warning and demanded documents I had already submitted. for the past six months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Competitive fees|API access|Intuitive for beginners
Cons: Cannot customize dashboard fully|No live chat on mobile
My withdrawal request from Reapbitex (original.newsbreak.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Tax reports included|No hidden fees
Cons: Search feature is basic
I requested my data from Reapbitex (original.newsbreak.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Clean UI|Easy withdrawals|Great customer service|Real-time alerts
Cons: Could offer more webinars|Account statements could be more detailed
I lost a significant amount because Reapbitex (original.newsbreak.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Smooth onboarding|Customizable dashboard
Cons: Website design could be more modern|Spreads widen during volatile periods
I joined Reapbitex (original.newsbreak.com) from a blog post comparing services and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Intuitive for beginners|Risk management tools
Cons: Limited demo account features
The so-called education at Reapbitex (original.newsbreak.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past six months thinking they would help me learn.
Pros: Dedicated account manager|Responsive team|Fast deposits
Cons: Inactivity fee applies after 12 months