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55 Global Markets Exchange Reviews

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Launched: 2018
Site: www.55.com

Expert Review

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Written by Richard

Financial journalist

Sep 10, 2019

55 Global markets was established in the USA in 2017. The platform is declaring quite a big trading volume. Approximately it fluctuates at around 150-200 mln. $ per day. 

The exchange has recently launched the mobile app and it allows trading on the mobile devices. Today it has 24 available trading pairs and 18 coins. 

The big advantages of the platform are the fast transactions and tokenization for mainstream fiat currencies. Traders can use currency such as Dollars or Yuan and British Pounds like the fiat tokens and convert them to make transactions on the platform.

Despite the status of the American exchange, according to the terms and conditions “55” is closed for the American citizens. The exchange has got fee for the different kind of operations. There is no difference between takers and makers; for both it has the same fee 0.1 % of the order value. What about the withdrawal fee it could be 0.0007 BTC for withdrawing BTC. In order to proceed trading the traders are required to complete the standard KYC verification. It needs to be done in order to make deposits, transfers and withdrawals on the platform.

Our score

Functionality 5/5
Reputation 4/5
Security 4/5
Support 4/5
Fees 4/5
Our score
4.2/5

User reviews

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[email protected] 3 April, 12:34 AM
1.0

I am open to share my experience and to enlighten everyone on how i was able to recover my money from a scam broker .

Fabian 8 January, 8:15 PM
5.0

55 helps me out with one of my problem. I was just a little bit confused and I lost some of my funds in the wallet. But The support was really helpful and explained me what I had to do. I just need to put destination tag on my crypto. And also they helped me to sent money back. Great support.

Aslund 5 January, 2:52 PM
5.0

Great helpdesk, I got 2fa problem and the helpdesk help me out very fast. I haven’t seen such a great service before. I appreciate that.

Rochi 2 January, 10:18 AM
4.0

55 is a good exchange, I've been trading here for 4 months and I didn't have any big questions to the dev team. There are some small bugs in the app, but I see that new updates fix them, it means that the exchange is developing and it has good perspective, I suppose.

Numbert 29 November, 5:16 AM
4.0

I can't make a withdrawal in the app. It shows me that this operation is invalid for me, but I can do that in the website. The support just told me to re-download the app, but it's a nonsense, it doesn't help. The exchange was fine, but this situation spoiled the impression.

Adill 9 October, 9:08 AM
5.0

It seems to me, that 55 is not so popular exchange as it has to be. The exchange has a number of advantages like a big variety of coins, easy to use mobile app and good level of the liquidity and volume. I would definitely advise to trade here.

Mike 4 October, 7:04 PM
4.0

The exchange has a very strange name, in my opinion. But, apart from that, it works fine. The app is good way of trading and I use that. Also, I'd note the fee both for takers and makers. But I think it's the market situation and almost every platform has it

Tommas 1 October, 11:11 AM
5.0

The 55 has a great support coverage, they can provide service in the different social networks and they make it fast. In addition, you can find help in the mobile app as well, that's really convenient.