COZFX

Note: COZFX is to operate via the website - https://www.forexcoz.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

The Australia ASIC regulation (license number: 247017) claimed by this broker is suspected to be a clone. Also, the WikiFX cloud system has verified this broker has way too many complaints, and it is on the WikiFX complaint blacklist. Please be aware of the risk!

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

COZFX is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with flexible leverage up to 1:400 on the MT4 trading platform via two different live account types.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, spreads, minimum deposits, etc.

As for regulation, it has been verified that COZFX holds a suspicious clone Australia Securities & Investment Commission (ASIC) license and it has gotten many complaints. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.42/10. Please be aware of the risk.

Market Instruments

COZFX advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

Account Types

COZFX claims to offer STP and ECN accounts. However, it says nothing about the minimum initial deposit requirement to open an account.

Leverage

The leverage offered by COZFX is adjusted based on account types. Clients on the STP account can enjoy the maximum leverage of 1:400, while the ECN account can experience leverage of 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

According to the information on the website, we found that COZFX seems to give traders the world's most advanced and popularly-used MT4 platform. However, we have no way to confirm if it is available because the website states that it currently does not have any sponsors for us. Anyway, MT4 is highly praised by traders and brokers alike due to its ease of use and great functionality. This trading platform offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Customer Support

COZFXs customer support can be reached by telephone: +44 7451273377, email: support@fxcoz.com or info@fxcoz.xom. Company address: Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH.

Pros & Cons