Score
United Kingdom
|
5-10 years
| --
Website
Rating Index
United Kingdom
fxcoz.com United StatesNote: COZFX is to operate via the website - https://www.forexcoz.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
The Australia ASIC regulation (license number: 247017) claimed by this broker is suspected to be a clone. Also, the WikiFX cloud system has verified this broker has way too many complaints, and it is on the WikiFX complaint blacklist. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
COZFX is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with flexible leverage up to 1:400 on the MT4 trading platform via two different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, minimum deposits, etc.
As for regulation, it has been verified that COZFX holds a suspicious clone Australia Securities & Investment Commission (ASIC) license and it has gotten many complaints. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.42/10. Please be aware of the risk.
Market Instruments
COZFX advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
COZFX claims to offer STP and ECN accounts. However, it says nothing about the minimum initial deposit requirement to open an account.
Leverage
The leverage offered by COZFX is adjusted based on account types. Clients on the STP account can enjoy the maximum leverage of 1:400, while the ECN account can experience leverage of 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
According to the information on the website, we found that COZFX seems to give traders the world's most advanced and popularly-used MT4 platform. However, we have no way to confirm if it is available because the website states that it currently does not have any sponsors for us. Anyway, MT4 is highly praised by traders and brokers alike due to its ease of use and great functionality. This trading platform offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Customer Support
COZFXs customer support can be reached by telephone: +44 7451273377, email: support@fxcoz.com or info@fxcoz.xom. Company address: Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH.
Pros & Cons
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火哥
Hong Kong
The withdrawal took more than 1 year. It almost disappeared.
Exposure
陈鸿.24号楼
Hong Kong
Scam money. I hope the relavant departments can help me investigate. This app seems like a real one!
Exposure
陈鸿.24号楼
Hong Kong
Can't withdraw money! Swindle people's money, like a regular platform!
Exposure
FX2965001881
Hong Kong
It has been three months since I can’t withdraw funds. Who can help me handle it? It there any regulator?
Exposure
王少华（你健康我快乐）
Hong Kong
Can't withdraw my prosit since last September with the excuse f payment channel probelm. I suspect this is a scam and the leader will abscond with money. I hope the capital can be recovered. Thanks for your help.
Exposure
王苑博
Hong Kong
This fraud may live abroad. They fake all the info that is posted on their Moments. Induce people by high profit. He’ll blacklist u if you find out his scam. Then the web will be disabled.
Exposure
钱98741
Hong Kong
At the end of October, I met a person named Chen Xin on WeChat and took me to the COzFx foreign exchange platform to say that I could make 100% money. I started to invest 50,000, and then invested another 100,000 during the operation. When I withdrew, I said that there was a problem with the bank card number and the cash could not be withdrawn. 15% margin is required to withdraw cash. But now...
Exposure
FX1722744613
Hong Kong
I knew a beauty named Xiaoyun via WeChat moments. SHe said she earned money by investing forex. Adn she said she can profit 100% for there was a professional teacher guiding us. I observed for a lpng time and I was attracted. I invested 50,000. When I withdrew funds, I have to deposit more money. They said I have to add over 40,000 because of the lose cause by my wrong operation. It didn't make sense. And I didn't have enough money to compensate. Then I searched on the net, I found there were so many people cheated just like me. Pls help me, tks so much!
Exposure
FX2569827444
Hong Kong
The first withdrawal was refused because of wrong bank card number. And I paid margin to modify it and added money to improve the credit score. But I was rejected again for illegal operations and I paid a fine. I was told that I can withdraw after one day and my account would be disabled after I withdraw. But the withdraw hasn’t arrived for a month. The customer service said it was waiting for remittance, or I can pay for the VIP channel. Cuz I can’t use the account after I withdraw funds, I didn’t open VIP. But the customer service hasn’t replied to me since December 3. And I have no access to the online customer service
Exposure
FX2569827444
Hong Kong
Can't receive the withdrawal on November 13. The customer service replied the money was going to be remitted
Exposure