The problem is only when last digit is 5. Eg. 0.045 is internally stored as 0.044999999999999... You could simply increment last digit to 6 and round off. This will give you the desired results.
import re
def custom_round(num, precision=0):
    # Get the type of given number
    type_num = type(num)
    # If the given type is not a valid number type, raise TypeError
    if type_num not in [int, float, Decimal]:
        raise TypeError("type {} doesn't define __round__ method".format(type_num.__name__))
    # If passed number is int, there is no rounding off.
    if type_num == int:
        return num
    # Convert number to string.
    str_num = str(num).lower()
    # We will remove negative context from the number and add it back in the end
    negative_number = False
    if num < 0:
        negative_number = True
        str_num = str_num[1:]
    # If number is in format 1e-12 or 2e+13, we have to convert it to
    # to a string in standard decimal notation.
    if 'e-' in str_num:
        # For 1.23e-7, e_power = 7
        e_power = int(re.findall('e-[0-9]+', str_num)[0][2:])
        # For 1.23e-7, number = 123
        number = ''.join(str_num.split('e-')[0].split('.'))
        zeros = ''
        # Number of zeros = e_power - 1 = 6
        for i in range(e_power - 1):
            zeros = zeros + '0'
        # Scientific notation 1.23e-7 in regular decimal = 0.000000123
        str_num = '0.' + zeros + number
    if 'e+' in str_num:
        # For 1.23e+7, e_power = 7
        e_power = int(re.findall('e\+[0-9]+', str_num)[0][2:])
        # For 1.23e+7, number_characteristic = 1
        # characteristic is number left of decimal point.
        number_characteristic = str_num.split('e+')[0].split('.')[0]
        # For 1.23e+7, number_mantissa = 23
        # mantissa is number right of decimal point.
        number_mantissa = str_num.split('e+')[0].split('.')[1]
        # For 1.23e+7, number = 123
        number = number_characteristic + number_mantissa
        zeros = ''
        # Eg: for this condition = 1.23e+7
        if e_power >= len(number_mantissa):
            # Number of zeros = e_power - mantissa length = 5
            for i in range(e_power - len(number_mantissa)):
                zeros = zeros + '0'
            # Scientific notation 1.23e+7 in regular decimal = 12300000.0
            str_num = number + zeros + '.0'
        # Eg: for this condition = 1.23e+1
        if e_power < len(number_mantissa):
            # In this case, we only need to shift the decimal e_power digits to the right
            # So we just copy the digits from mantissa to characteristic and then remove
            # them from mantissa.
            for i in range(e_power):
                number_characteristic = number_characteristic + number_mantissa[i]
            number_mantissa = number_mantissa[i:]
            # Scientific notation 1.23e+1 in regular decimal = 12.3
            str_num = number_characteristic + '.' + number_mantissa
    # characteristic is number left of decimal point.
    characteristic_part = str_num.split('.')[0]
    # mantissa is number right of decimal point.
    mantissa_part = str_num.split('.')[1]
    # If number is supposed to be rounded to whole number,
    # check first decimal digit. If more than 5, return
    # characteristic + 1 else return characteristic
    if precision == 0:
        if mantissa_part and int(mantissa_part[0]) >= 5:
            return type_num(int(characteristic_part) + 1)
        return type_num(characteristic_part)
    # Get the precision of the given number.
    num_precision = len(mantissa_part)
    # Rounding off is done only if number precision is
    # greater than requested precision
    if num_precision <= precision:
        return num
    # Replace the last '5' with 6 so that rounding off returns desired results
    if str_num[-1] == '5':
        str_num = re.sub('5$', '6', str_num)
    result = round(type_num(str_num), precision)
    # If the number was negative, add negative context back
    if negative_number:
        result = result * -1
    return result
round(5.55, 1) = 5.5. - Dmitry