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Coxigo Markets Limited
Suspected Fraud
Suspected Fraud

Coxigo Markets Limited

🇨🇳
  • Forex
  • Broker
1-2 years
Website

Current Rating

1.08

Industry Tier

E

Profile

Coxigo Markets Limited (abbreviated as COXIGO) is an online trading platform established on June 28, 2023, offering various financial products such as Contracts for Difference (CFDs), spot metals, and futures. Despite showcasing the popular MetaTrader 5 (MT5) trading software on its official website (https://www.coxigomarkets.com/) and providing an array of trading tools and features, COXIGO has significant regulatory and compliance issues that warrant investor caution. Here is a detailed analysis of the platform.

Corporate Background of Coxigo Markets Limited:

Coxigo Markets Limited, abbreviated as COXIGO, has its official website at https://www.coxigomarkets.com/, with its domain registered on June 28, 2023. However, the platform's registration information is not detailed, and the specific corporate background lacks transparency, raising concerns among investors when choosing this platform.

Corporate Background of Coxigo Markets Limited

Regulatory Information of Coxigo Markets Limited:

According to the investigation, Coxigo Markets Limited is currently suspended due to non-payment of annual fees. As per MISA's regulations, a company in suspension status is prohibited from conducting any financial activities. Therefore, the platform currently lacks valid regulation, and investors should exercise extreme caution before engaging in any transactions.

Regulatory Information of Coxigo Markets Limited

Account Registration Process of Coxigo Markets Limited:

COXIGO’s account registration process is similar to most online trading platforms; users need to click the registration button on the official website, fill out the application form, and submit identity verification and phone verification documents. Afterward, users can deposit funds and start trading. Despite the standardized process, given the lack of regulation for the platform, investors should be cautious about submitting personal information to avoid potential privacy risks and financial losses.

Account Types of Coxigo Markets Limited:

The official website of Coxigo Markets Limited does not provide specific information regarding its account types. It is currently unclear whether Coxigo Markets Limited offers different types of trading accounts to meet the needs of various investors.

Trading Software of Coxigo Markets Limited:

COXIGO provides clients with the widely used MT5 trading platform. MetaTrader 5 (MT5) is a powerful and technologically advanced trading software extensively utilized in forex, CFDs, and commodity trading. COXIGO's MT5 platform supports trading across multiple financial instruments, offering sophisticated chart analysis tools that enable traders to customize time frames, indicators, and drawing tools for technical analysis. Despite MT5 being a popular trading platform, investors should still consider COXIGO's regulatory issues, as the security of the trading environment remains questionable.

Trading Software of Coxigo Markets Limited

Trading Products of Coxigo Markets Limited:

COXIGO offers trading services in the following categories of financial products:

  • Contracts for Difference (CFDs): COXIGO provides CFD trading, allowing users to speculate on the price fluctuations of financial instruments such as stocks, commodities, currencies, and indices. The leverage feature in CFD trading can amplify returns but also carries high risks.
  • Spot Metals: The platform also offers spot metals trading, mainly gold and silver. Spot trading allows investors to buy and sell at current market prices, which usually attracts those seeking safe-haven or diversified investments.
  • Futures: COXIGO's futures trading covers assets like crude oil and stock indices, enabling investors to speculate or hedge on future price changes through standardized contracts.

Despite the seemingly diverse range of trading products, the regulatory issues of the platform pose potential risks to the security of these transactions.

Trading Products of Coxigo Markets Limited

What Are the Spreads, Leverage, and Commissions of Coxigo Markets Limited?

COXIGO has not disclosed the key information regarding its spreads, leverage, and commissions. A transparent fee structure is crucial for assessing the credibility of a platform. The absence of such information often indicates the possibility of hidden fees or opaque trading costs. Particularly in leveraged trading, hidden high leverage rates can lead to significant losses. Investors should verify the relevant fees and conditions with the platform before trading.

Deposit and Withdrawal Methods of Coxigo Markets Limited:

The platform of Coxigo Markets Limited has not disclosed its deposit and withdrawal methods. A transparent deposit and withdrawal process is essential for investor funds management. The lack of disclosed information makes it difficult for investors to assess the liquidity and security of their funds. Potential users are advised to understand the specific process and related fees before deciding to deposit.

Customer Support of Coxigo Markets Limited:

COXIGO offers customer support through phone (+971 509352067) and email (info@coxigomarkets.com). Additionally, the platform supports an online messaging function, allowing traders to communicate directly with customer support. However, the quality and response speed of customer support still need verification, especially in emergency situations. Investors should test the platform's support services in advance to evaluate their effectiveness.

Conclusion:

Coxigo Markets Limited appears to provide comprehensive financial products and trading tools, using the popular MT5 trading platform. However, the platform has significant issues regarding regulation and transparency. Its failure to pay annual fees and its suspension status means it lacks the qualifications to conduct financial activities legally. Additionally, the platform has not disclosed key information such as trading fees, leverage, and deposit/withdrawal methods, which increases potential financial and operational risks.

User Reviews

1.08

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FAQ About Coxigo Markets Limited

01

What is Coxigo Markets Limited's official website?

A: Coxigo Markets Limited's official website is https://www.coxigomarkets.com/

02

Is Coxigo Markets Limited a legitimate company, or is it a scam?

A: Coxigo Markets Limited is currently marked as Suspected Fraud on TraderKnows.

03

What is Coxigo Markets Limited?

A: Coxigo Markets Limited is a Forex, Broker company.

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