53 CapitalTrade is an unlicensed binary options and CFD broker. They have their address at Paddington Central, 1 Kingdom St, London W2 6BY, UK.
Table of Contents
53CapitalTrade Platform
Binary platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good binary options platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. 53 Capital Trade uses the AirSoft platform, it has a huge range of assets to trade on. The binary options type offered by this platform are the Short term, Long Term, Count down.
License and Regulation
53 CapitalTrade is NOT a licensed broker. They are not regulated in the UK by the FCA or UK Gambling Commission. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about these unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.
P.S 53CapitalTrade claims to operate from the UK, but the regulatory body in the UK which is the FCA(Financial Conduct Authority) has issued a strict warning to avoid this broker because they are unauthorised(see screenshot below)
Review Verdict
We do not recommend 53Capital Trade. Beware!!!
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