The55thFx Review (2023)

The55thFx is a broker that offers trading in Forex, binary options and cryptocurrency. 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 regulator’s register. It seems like broker’s regulation details are false, which puts clients’ investments into a high risk. It is not only because the broker lacks of regulation, but also because false regulation claims usually mean the broker is a fraud.

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 as pure scam. We advise all investors and traders to avoid the55thFx and other unregulated brokers. The lack of information about the broker’s regulation, 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.

You can also share your trading experience with the55thFx by commenting on this review.