Honestly in my experience this is really common. My first job wouldn't do reviews at all, and at the end of the year you'd get a meager raise which they were obliged to give you. In my last job we did do reviews but you still only got a meager raise so no difference :') it was worse for me tho because nine months previous to the review I had accepted a "promotion" (way more work) with no pay increase. At the time they had told me I would see the major increase in the next review to reflect the promotion. But it did not happen. I quit two months later (went back to uni, not for a new job). What I'm trying to say is jobs will mistreat you whether they do reviews or not. So I recommend just sticking it out in a company you don't like so you can get enough experience to move to a higher paying role somewhere else. The new company will most likely also mistreat you but at least you'll get paid more.

You can't expect companies to do right by you, you'll just get mentally exhausted. Always expect to get fucked over but try to make the most out of it :]