Score
COZFX
Australia|2-5 years| https://www.cozfxmarkets.com/en
Website
Rating Index
Contact
Licenses
Licensed Institution：DBG MARKETS (AUSTRALIA) PTY LTD
License No.：247017
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
cozfxmarkets.com
Server Location
Hong Kong
Website Domain Name
cozfxmarkets.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2019-12-05
Server IP
129.226.116.172
Company Summary
| COZFX Review Summary | |
| Founded | 2024-03-06 |
| Registered Country/Region | Australia |
| Regulation | Suspicious Clone |
| Market Instruments | Currencies/Precious Metals/Oils |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pips |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | / |
COZFX Information
COZFX is a broker. There are instruments with a maximum leverage of 1:500 including currencies, precious metals, and oils. The broker also provides STP and ECN accounts. The minimum spread is from 0.0 pips and the minimum deposit is $100. COZFX is still risky due to its suspicious clone status, high leverage, and inaccessible office website.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Suspicious Clone |
| Spread as low as 0.0 pips | Negative comments about withdrawal |
| MT4 available | Inaccessible office website |
| 24/5 support | Unspecific fee and account information |
Is COZFX Legit?
ASIC regulates COZFX with a suspicious clone status, making it less safe than regulated brokers.
What Can I Trade on COZFX?
Traders can choose 48 products because the broker provides currencies, precious metals, and oils.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Oils | ✔ |
| Precious Metals | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
COZFX provides STP and ECN accounts. Generally, ECN accounts need a commission.
COZFX Fees
The spread is from 0.0 pips, while the lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
COZFX has an authoritative MT4 trading platform. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported |
| MT4 | ✔ |
Deposit and Withdrawal
The minimum deposit is $100.
Customer Support Options
COZFX provides 24/5 multi-language support including Chinese, English, and Vietnamese support.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 6
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FX1634875022
Hong Kong
It has been two months since I applied for withdrawal. But the withdrawal hasn’t arrived. Th customer service said the payment channel was frozen and they were dealing with it. But there was no more progress. Notice October 24, 2020 Dear customers: The payment channels are frozen because of the influence of Chinese payment institutions development environment. We decide to suspend relevant jobs about deposit and withdrawal to avoid risks caused by payment acts and seek for other legal payment institutions to solve the problem. Thanks for your support and understanding
Exposure
2020-12-30
FX1835521110
Hong Kong
I knew a beauty named Xin who said she earned money by forex via WeChat. She said the time is not long with high profits and professional teachers. I was hesitated but in the end, I deposited 30,000. But then I was asked to pay over 50,000 to compensate for my lose caused by wrong operation. After that, I was asked to pay individual income tax. But I didn't have enough money so the peole who led me helped me deposit half. I trusted her cuz she helped me. And the I have to pay over 140,000 for wrong account. Later, 250,000 was needed to improve my credit score. At that time, I realized I was cheated. I hope u can help me get my hard-earned money back.[d83d][de4f]
Exposure
2020-12-17
FX5132842742
Hong Kong
It has been two months since I applied for withdrawal in October. And I haven't received it. It's a fraud. I'm suspicious that they are going to abscond.
Exposure
2020-12-07
普通交易者12
Hong Kong
Fraud platform gives no access to withdrawal with the reason of crowded third party payment channel. Is it going to abscond?
Exposure
2020-10-31
一路向北o.℡
Hong Kong
The withdrawal on October 2 hasn't been approved yet. They are going to abscond.
Exposure
2020-10-31
海东
Hong Kong
I withdrew on October 2 but I haven't received the witdhrawal yet. COZFX is a fraud broker.
Exposure
2020-10-24