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COXIGO -

Score

1.39 /10
Danger

COXIGO

Comoros

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://coxigomarkets.com

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Comparison

Quantity 10

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.10

Risk Management Index0.00

Software Index4.00

License Index0.26

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Coxigo Markets Limited

Company Abbreviation

COXIGO

Platform registered country and region

Comoros

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-16
  • 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 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Unable to open trading app

The platform server can no longer be found! Scam platform, return my deposit ಥ_ಥ

2024-08-19 22:51
Scam

Induced to Purchase with Losses

They used lectures to induce purchases, leading to losses every time. Each recommendation to buy whether the market was rising or falling turned out to be incorrect.

2024-07-22 13:17
Unable to Withdraw

Black platform, black platform!

There is no way to withdraw funds, there is no customer service on the platform, no one responds to messages, and there is no effective supervision.

2024-01-24 00:24
Unable to Withdraw

Unable to withdraw funds from June 2024 until now. Status shows as "Approved".

Withdrawal has been requested since June 2024, but it has not been processed yet. It is only showing as "Approved" status.

2024-08-06 19:11
Others

The platform is not working anymore. Everything has been reset.

Trading, withdrawal, and account login was unavailable on the platform from 12 o'clock today.

2024-08-15 13:08
Unable to Withdraw

Black platform. Unable to withdraw funds.

There is no supervision on the platform. The withdrawal has not been processed for more than half a month. Emails have not been responded to. There is no doubt that the platform is illegal. Please be careful.

2024-01-23 12:07
Resolved

Unable to withdraw funds

I cannot withdraw funds. I am not the person in charge of the company and I have not made any illegal operations. Why is my principal being deducted?

2024-07-02 14:50
Others

Suddenly cannot trade on the platform

When the platform is opened, all buy and sell buttons are not functional and I cannot trade. Existing positions cannot be closed.

2024-08-15 12:21
Scam

Fraud

Inducing newcomers to invest in the Hang Seng Index, using leverage, with huge spreads, never seen such a large one before

2024-08-19 10:28
Scam

The coxigo platform tampered with order data to create the illusion of profit and attract customers to deposit funds.

Be careful when encountering agents on the coxigo platform. Their predecessor was the IMF platform, which they no longer use. They publish marketing information on multiple short video platforms, claiming to be stable and profitable. In fact, the account is a fake account and fictitious data to show how impressive the profits are. In fact, they use high profits to defraud customers into depositing money and take commissions from customer orders. Once the account losses caused by doubling the investment, they will blacklist the customer. The internal information was shared by a conscientious person within the company. All traders, please keep your eyes open and beware of being deceived and causing huge losses!

2024-03-27 16:34
    COXIGO · Company summary
    COXIGO Review Summary
    Founded2023
    Registered Country/RegionComoros
    RegulationNo regulation
    Market Instruments40+ Currencies, 5+ Cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.), 75+ CFDs on Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
    Demo Account✅
    Leverage500:1
    EUR/ USD Spread/
    Trading PlatformMT5 (PC, Mobile)
    Minimum Deposit$100
    Customer SupportPhone: +97150935206
    Email: info@coxigomarkets.com
    Office No. MF- 099, Golden Eyes Business Center, Al Muteena Area, Deira, Dubai, UAE
    Address: Moheli Corporate Services LTD P.B. 1257 Bonovo Road, Fomboni, Comoros, KM
    Regional RestrictionsUnited States, Cuba, Iraq, Myanmar, North Korea, Sudan

    COXIGO Information

    Founded in 2023, COXIGO is an unregulated broker registered in Comoros, offering trading on forex, commodities, indices, stocks, and cryptocurrencies with leverage up to 500:1 via the MT5 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

    COXIGO's homepage

    Pros & Cons

    ProsCons
    • MT5 supported
    • No regulation
    • Fraud protection measures provided
    • Unclear trading conditions
    • Variety of trading instruments
    • Regional restrictions
    • Demo accounts available

    Is COXIGO Legit?

    COXIGO asserts that it provides protection measures such as securing funds with reputable banks and maintaining a strategy that keeps client funds separate from operational capital to ensure the safety of clients money.

    protection measures

    However, it currently has no valid regulations. Please be aware of the risk!

    No license

    Market Instructments

    On COXIGO, you can trade 40+ Currencies, 5+ Cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.), and 75+ CFDs on Gold, Silver, Stocks, Stock Indexes, Oil, and Other Commodities.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Indices✔
    Stocks✔
    Cryptocurrencies✔
    Bonds❌
    Options❌
    ETFs❌

    Trading Platform

    COXIGO provides its clients with the popular MT5 trading platform, which is a comprehensive and technologically advanced platform that offers a wide range of features and tools for traders.

    One of the key strengths of the COXIGO MT5 platform is its advanced charting capabilities. Traders can customize their charts with multiple timeframes, indicators, and drawing tools to conduct technical analysis efficiently.

    Trading PlatformSupported Available Devices Suitable for
    MT4❌/Beginners
    MT5✔PC, MobileExperienced traders
    MT5

    Deposit & Withdrawal

    Deposit MethodWithdrawal Method
    Tether (USDT)VISA
    UUpay (uupay.vn)MasterCard

    User Reviews

    More

    User comment

    3

    Comments

    Write a review

    FX1708281172
    more than one year
    Very satisfied with its services and platform. They offer a wide range of financial instruments that allow me to build a diversified portfolio. The platform's stability and security give me confidence to hold positions for the long term. Their research tools and market analysis help me make informed investment decisions. Coxigo Markets is a trusted partner for me.
    Very satisfied with its services and platform. They offer a wide range of financial instruments that allow me to build a diversified portfolio. The platform's stability and security give me confidence to hold positions for the long term. Their research tools and market analysis help me make informed investment decisions. Coxigo Markets is a trusted partner for me.
    Translate to English
    2024-07-16 18:15
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    FX1653683023
    more than one year
    Avoid collaborating with any forex proprietary trading firms associated with this broker - they'll find excuses not to pay your profit share. I'll be reaching out to regulatory authorities about this matter.
    Avoid collaborating with any forex proprietary trading firms associated with this broker - they'll find excuses not to pay your profit share. I'll be reaching out to regulatory authorities about this matter.
    Translate to English
    2024-03-22 15:33
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    10