Score

2.04 /10
Danger

COZFX

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

MT4/5 full license

Regional Brokers

High potential risk

Influence

E

Better than 10% brokers
Open Account
Website

Score

License Index0.00

Business Index7.04

Risk Management Index0.00

Software Index7.51

Regulatory Index0.00

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

Influence

E

Better than 10% brokers
Website
Open Account

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 for free

Contact number

Chinese (Simplified)

4000301379

Broker Information

More

Company Name

COZ FOREX

Company Abbreviation

COZFX

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 5
Previous Detection : 2022-10-04
  • This broker bas been verified to be illegal and all of its licences have been 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.

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