In this section we will analyze the broker 55CMT (also called 55 COIN MARKET TRADING o 55cmt.com), is a Cryptocurrency broker. Is 55CMT really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we reviewed 55CMT. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: PHHLT Marketing Limited.
As to its location, the broker mentions being based in: Saint Vincent and the Grenadines.
If we analyze the regulation of the broker: because 55CMT does not mention anything about being a regulated company, we believe that it is an unregulated broker.
If now we go on to analyze account types that 55CMT offers, we note that 55CMT does not actually mention information about owning different types of account.
Las platforms to operate that 55CMT offers are: apparently 55CMT's own platform.
We will now analyze the different resources and aids for traders that 55CMT provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
55CMT provides the following help or resources to traders or interested parties: very basic explanation and without going into detail about the services that 55CMT offers, explanation of various cryptocurrencies above, some educational videos, really not much more than this.
Other information about 55CMT
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 442080895322, 442080895453 and 43720022563
>>> Rating about 55CMT <<
Ending with this section, in our opinion Do we think 55CMT company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be cautious because: it is an unregulated broker, it is based in unsafe countries (Saint Vincent and the Grenadines), it provides very little information about the services that the company offers, when looking for valuations over 55CMT we really couldn't find another one, which tells us that it is a “new” company. We suggest using caution.
The broker is related to the broker CCTMarket and the company PHHLT Marketing Limited, both the broker and PHHLT Marketing Limited were warned by the Spanish regulator, the CNMV.
January 2020 update: 55CMT has been warned by the CNMV
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
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