COZ FX Review

About COZ FX

The broker “COZ FX” (website ) offers multiple account types—Cent, Standard, Coz Raw and Coz Platinum—with minimum deposits ranging from USD 15 to USD 400. Spreads start at 0.1 pips on Raw and Platinum accounts, with a USD 7 per‑lot commission; Standard account advertises 1.8 pips spread with no commission. Platforms include MetaTrader 4 (Cent, Standard, Coz Raw) and MetaTrader 5 (Coz Platinum), leverage ranges up to 1:2000 on Cent/Standard and up to 1:300 on Raw/Platinum. Islamic/swap‑free accounts appear available on Cent/Standard (yes) but not on Raw/Platinum (no). Trading styles allowed include scalping and micro‑lot trading; Coz Raw and Platinum list 450 currency pairs, Index CFDs, and no order distance restriction, while Cent/Standard list 300 pairs, Index CFDs, and have a 10‑point order distance restriction. Stop‑out level for all accounts is 50% ().

The United Kingdom Financial Conduct Authority (FCA) issued a warning stating that “COZ FX / COZFX LIMITED” (operating via mycozfx.com, claiming address in London) is not authorised to provide financial services in the UK. The FCA advises avoiding dealing with this firm. Consumers engaging with it would not benefit from the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) ().

Who it’s for

• Traders seeking high‑leverage accounts (up to 1:2000) on a MetaTrader platform;
• Clients comfortable trading outside regulated environments;
• Users aware of and accepting high‑risk exposure due to lack of regulatory protections.

Pros and cons

Pros

• Multiple account types with low starting deposits (from USD 15)
• Competitive spreads (from 0.1 pips) and commission structure
• Access to MT4 and MT5 platforms, scalping allowed, micro‑lot trading available

Cons

• No regulation; FCA warning issued against the firm for unauthorised activity in the UK
• No legal protection for clients (no FSCS or Ombudsman coverage)