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Company Name
COZ FOREX
Company Abbreviation
COZFX
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
No data
Scam Brokers
Score
1.58 /10
Danger
COZFX
Scam Brokers5-10 years
Suspicious Regulatory License
United Kingdom Appointed Representative(AR) Revoked
High potential risk
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Comparison
Quantity 9
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.57
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
open now
Broker Information
More
Check whenever you want
Download App for complete information
This platform is a Ponzi Scheme. Please stay away!
6
Previous Detection :
2024-11-13
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
Exposure
9 pieces of exposure in total Pyramid scheme complaint
Expose Resolved
The withdrawal is unavailable for 8 months.
The withdrawal is unavailable for 8 months.I got screwed by the account manager Zhang Xudong.
2019-11-28 20:27
Unable to Withdraw
Scam
I was cheated. They modify my account in the backstage supporter. Then ask you to pay 30% as the confirmation fund. But they will say you have to pay margin because of insufficient trust. It’s said that the withdrawal can arrive within two hours after I paid the margin. But I’m still waiting...
2020-10-29 13:37
Resolved
Unable to withdraw
The manger promised that there would be no problems with the withdrawal, while I haven’t received since April.He only gave me $800, claiming the regulatory was severely.Now the withdrawal is still unavailable.
2019-11-26 11:19
Unable to Withdraw
Unable to withdraw
All my fund and profits were gone. I was asked to pay the individual tax!!! But it is not your platform that I need pay it to!
2020-07-18 17:03
Resolved
Unable to withdraw
Though the account manager Zhang Xudong promised to me, the withdrawal in COZFX is unavailable for 1 week.
2019-11-29 21:04
Unable to Withdraw
It’s a complete fraud platform. Don’t trust them.
They will post the screenshot of profitable orders everyday, in fact, they are fake. Then ask you to download an app and give you a recommendation code, say that there is a guy to guide you. You will be asked to add fund while you invest here. While you wanna withdraw, they will modify your bank account information and ask for 20% confirmation fund. Some frauds ask for personal income tax. Anyway, it’s a trick to cheat you of money. You account balance is just a number. When you deposit, you can see you transfer the money to a personal account. Polish your eyes. Don’t let your hard-earned money gone. French’s mill grinds slow but sure. These frauds will be punished one day!!!!!!!!!
2020-10-22 13:40
Unable to Withdraw
COZFX is a fraud platform
The customer service of COZFX freezes my account and I can't withdraw funds without paying 120,000 margin. I don't wanna pay for it and I can't log in today. Pls return my hard-earned money of 50,000. Fraud! Pls be careful and avoid being cheated
2020-12-14 17:44
Unable to Withdraw
Forex loophole
Those person on WeChat induced us to deposit through moments. An individual tax was asked before a withdrawal. The routine was so deep!
2020-06-27 13:50
9
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