COF Review

About COF

COF (operating via cofglobol.com) offers trading in multiple asset classes—forex, commodities, indices, cryptocurrencies, and futures—promoting multi-asset access via its proprietary ST5 platform and referencing MetaTrader 5–style features, with account types purportedly including standard and low‑spread options, and leverage up to 1:500 (). COF’s domain was registered on January 8, 2024, indicating relatively short operational history (). The broker claims regulation by ASIC (Australia), FMA (New Zealand), VFSC (Vanuatu), MSB and NFA (USA), but no records match these claims in official registries ().

The Financial Services Authority of Seychelles (FSA) issued a notice dated 17 June 2024 stating COF is not known to the Authority, is not licensed or regulated by the FSA, and that the website is unauthorized (). The New Zealand Financial Markets Authority (FMA) issued a warning on 25 July 2024 that COF falsely claims FMA supervision while being unregistered, misuses details of Trademax Global Markets (NZ) Ltd (NZBN: 9429046269300), and is considered a suspected scam (). TradersUnion also confirms inclusion of cofglobol.com in FMA’s blacklist for “Unregistered/Unlicensed entity offering financial products or services,” as of 28 July 2024 ().

Pros and cons

Pros

• Offers access to multiple asset classes (forex, commodities, indices, crypto, futures) via ST5 platform and MT5‑style interface ().
• High leverage up to 1:500 is available (though atypical for regulated entities) ().

Cons

• No valid regulation: claims of oversight by ASIC, FMA, VFSC, MSB, NFA are unsubstantiated and not confirmed in any official registry ().
• Regulatory warnings issued by FSA (Seychelles) on 17 June 2024 and FMA (New Zealand) on 25 July 2024, including misuse of another firm’s identity ().
• Blacklisted by FMA as unregistered/unlicensed entity in New Zealand as of 28 July 2024 ().
• Minimal corporate disclosure—no verifiable office address, company name, contact details, or social media presence ().