The55thFx Review
Reason to avoid: No license
Listed Date: December 29, 2018
Top 3 Forex Brokers
Beware The55thFx is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
- The55thFx User Reviews
- The55thFx News
Is The55thFx Scam or Legit Broker?
No, it is not safe to trade with The55thFx. The broker doesn't disclose much information about the company behind the brand's name, only that it is owned and operated by The55thFx Limited and located in California, USA. According to the website, The55thFx Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 278/07.
- However, there is no record of this company or license number in the regulator's register. It seems like the broker's regulation details are false, which puts clients' investments at high risk. It is not only because the broker lacks regulation, but also because false regulation claims usually mean the broker is a fraud.
About The55thFx
| 🗺️ Registered in | No Registration |
| 🗺️ Type of License | No License |
| 🛡️ Is The55thFx safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | IC Markets - licensed by ASIC in Australia |
What is The55thFx?
The55thFx is a broker that offers to trade in Forex, binary options, and cryptocurrency.
- Anyway, the broker does not provide any reliable information on its regulations. Based on the provided information, The55thFx Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 278/07, yet this information seems to be fake.
- In addition, ESMA has prohibited binary options (Check out Binary Options Regulated Brokers) trading throughout Europe and the EEA, so those brokers who still offer binary trading can be considered pure scams.
The55thFx Review Conclusion
We advise all investors and traders to avoid The55thFx and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.
The55thFx Update
Based on our research, the The55thFx website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
No review found...
No news available.
true she a liget scammer i lost $2700 when the day she said time for withdrawal but she ask me again for another fee for widthwal until she dis appear
Ms Lisa Racheal Stewart from 247letstrade.com is a legit and dishonest scammer person or animal after she took all my money $12,000 including all fee she disappeared in Facebook, messenger, social media.I prayed that her soul burned into hell. Don’t be fool with their website, they will collect all your money and when the withdrawal day come,ask for another withdrawal fee and then they will deactivated their account. Learned my lesson in a hard way.
Sir/Madam:
Hello! I just read the 55thFX Limited is a fraud. I would like to inquire if the website of http://www.247letstrade.com is a legitimate registered in CySEC because it indicate in their website the same license number 278/07. I would to help my friend that who invest in that broker but now she can’t access her account. Thanks and hoping for your kind reply and action in my queries.