Score
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Quantity 6
Exposure
Score
Regulatory Index0.00
Business Index6.75
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
COZFX.
Company Abbreviation
COZFX
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
The withdrawal on October 2 hasn't been approved yet. They are going to abscond.
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
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.
Fraud platform gives no access to withdrawal with the reason of crowded third party payment channel. Is it going to abscond?
I withdrew on October 2 but I haven't received the witdhrawal yet. COZFX is a fraud broker.
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]
| 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 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 | 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 |
ASIC regulates COZFX with a suspicious clone status, making it less safe than regulated brokers.
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 | ❌ |
COZFX provides STP and ECN accounts. Generally, ECN accounts need a commission.
The spread is from 0.0 pips, while the lower the spread, the faster the liquidity.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
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 | ✔ |
The minimum deposit is $100.
COZFX provides 24/5 multi-language support including Chinese, English, and Vietnamese support.
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2024-01-11 20:51
