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COZFX -

Score

1.49 /10
Danger

COZFX

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.cozfxmarkets.com/en

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Comparison

Quantity 6

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.87

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

COZFX.

Company Abbreviation

COZFX

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2025-05-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

6 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Withdrawal failure

Fraud platform gives no access to withdrawal with the reason of crowded third party payment channel. Is it going to abscond?

PUTONGJIAOYIZHE12
2020-10-31 23:39
Unable to Withdraw

Fraud platform doesn't allow you to withdraw

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.

FX5132842742
2020-12-07 19:49
Unable to Withdraw

Apply for withdrawal but to no effect

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

FX1634875022
2020-12-30 16:19
Unable to Withdraw

Fraud platform, COZFX, gives no access to withdrawals

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]

FX1835521110
2020-12-17 12:08
COZFX · Company summary
COZFX Review Summary
Founded2024-03-06
Registered Country/RegionAustralia
RegulationSuspicious Clone
Market InstrumentsCurrencies/Precious Metals/Oils
Demo Account/
LeverageUp to 1:500
SpreadFrom 0.0 pips
Trading PlatformMT4
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.

COZFX Information

Pros and Cons

Pros Cons
Leverage up to 1:500Suspicious Clone
Spread as low as 0.0 pipsNegative comments about withdrawal
MT4 availableInaccessible office website
24/5 supportUnspecific fee and account information

Is COZFX Legit?

ASIC regulates COZFX with a suspicious clone status, making it less safe than regulated brokers.

Is COZFX Legit?
Is COZFX Legit?

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❌
What Can I Trade on COZFX?

Account Type

COZFX provides STP and ECN accounts. Generally, ECN accounts need a commission.

Account Type

COZFX Fees

The spread is from 0.0 pips, while the lower the spread, the faster the liquidity.

COZFX Fees

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Leverage

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 PlatformSupported
MT4✔
Trading Platform

Deposit and Withdrawal

The minimum deposit is $100.

Deposit and Withdrawal

Customer Support Options

COZFX provides 24/5 multi-language support including Chinese, English, and Vietnamese support.

Customer Support Options

User Reviews

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User comment

1

Comments

Write a review

Changerx
more than one year
When it comes to withdrawals, I wish COZFX could speed things up a bit. The customer service tends to be slow and doesn't address issues promptly.
When it comes to withdrawals, I wish COZFX could speed things up a bit. The customer service tends to be slow and doesn't address issues promptly.
Translate to English
2024-01-11 20:51
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