Coxigo Company Overview

　　

Founding Date and Background

　　Coxigo Markets Limited, often referred to as Coxigo, is a trading platform that specializes in providing access to various financial instruments, including Forex, CFDs, and commodities. The company was registered on July 27, 2023, under registration number HY 00723416, in the autonomous island of Mohéli, Comoros. The firm aims to cater to traders across the globe by offering innovative trading solutions and educational resources.

　　

Parent Company/Owership Structure

　　Coxigo operates as a standalone entity under the ownership of Coxigo Markets Limited. There is no publicly available information indicating a parent company; thus, it appears to be independently operated.

　　

Headquarters Location

　　The registered office of Coxigo is located at Moheli Corporate Services Ltd, P.B. 1257 Bonovo Road, Fomboni, Comoros, KM. Additionally, the company has a physical presence in Dubai, UAE, at Office No. MF-099, Golden Eyes Business Center, Al Muteena Area, Deira.

　　

Global Business Scope

　　Coxigo aims to provide trading services to clients worldwide, although it does have restrictions in place for certain regions. The platform claims to offer a personalized approach to trading, with dedicated customer support and educational resources designed to enhance trading effectiveness.

　　

Main Regulatory Bodies

　　Coxigo claims to operate under the oversight of the National Futures Association (NFA). However, it is important to note that the NFA has classified Coxigo as an unauthorized entity, raising concerns about its regulatory standing. The lack of robust regulatory oversight is a significant consideration for potential clients.

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Company History and Development

　　

Key Milestones

　　Since its establishment in 2023, Coxigo has focused on building its brand in the trading industry. The company has developed a platform that supports the MetaTrader 5 (MT5) trading software, which is widely used among traders for its advanced features.

　　

Business Expansion Journey

　　Coxigo has positioned itself as a global trading platform, although specific details about its expansion strategy remain vague. The firm promotes its services to a diverse clientele, emphasizing a client-focused approach.

　　

Customer Base Growth

　　Coxigo has reportedly attracted a range of clients interested in trading various financial instruments. However, there is limited publicly available data to quantify its customer base growth or market penetration.

　　

Platform Development History

　　Coxigos platform is built on the MT5 framework, which allows for trading in multiple asset classes. The platform is designed to provide users with advanced charting tools and robust risk management features, catering to both novice and experienced traders.

　　

Important Awards or Recognitions Received

　　As of now, there are no documented awards or recognitions attributed to Coxigo Markets Limited. The absence of such accolades may raise questions about its credibility within the competitive trading landscape.

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Trading Services Offered

　　

Forex Trading Options

　　Coxigo offers access to a variety of Forex trading options, supporting all major currency pairs. However, specific details about the exact number of currency pairs available for trading are not disclosed.

　　

Stock Trading Options

　　Currently, there is no specific mention of direct stock trading options on the Coxigo platform. The focus appears to be more on derivatives and contracts rather than direct stock investments.

　　

CFD Trading Products

　　Coxigo provides a range of Contracts for Difference (CFDs), allowing traders to speculate on price movements without owning the underlying assets. The platform supports CFDs in various sectors, including commodities and indices.

　　

Other Financial Instruments

　　In addition to CFDs, Coxigo offers trading in spot metals such as gold and silver, as well as futures contracts for crude oil and stock indices. The inclusion of these instruments allows for greater diversification in trading strategies.

　　

Special Services or Unique Advantages

　　Coxigo emphasizes a client-centric approach, providing 24/5 customer support and educational resources aimed at enhancing trading skills. The platform also claims to maintain the safety of client funds through partnerships with reputable banks that separate client funds from operational capital.

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Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Coxigo is associated with the NFA, but its status as an unauthorized entity raises significant concerns. The lack of valid regulatory oversight from recognized authorities is a critical factor for potential clients to consider.

　　

Legal Entity Structure by Region

　　Coxigo operates as Coxigo Markets Limited, registered in Comoros. The company's legal structure appears to be straightforward, without any complex subsidiary arrangements that are common in larger financial institutions.

　　

Client Fund Protection Measures

　　Coxigo claims to implement measures to safeguard client funds, asserting that they maintain funds separately from their operational capital. However, the efficacy of these measures is questionable given the lack of robust regulatory oversight.

　　

Countries/Regions Served

　　Coxigo markets its services globally but does not provide services to residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan. This limitation indicates a cautious approach to compliance with international regulations.

　　

Compliance History

　　Coxigo's compliance history is not well-documented, and the unauthorized status with the NFA suggests potential issues with regulatory adherence. This lack of transparency may deter potential clients from engaging with the platform.

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Competitive Landscape

　　

3-5 Main Competitors

　　Coxigo operates in a highly competitive environment, facing competition from other trading platforms such as:

• IG Group - Known for its extensive range of trading instruments and strong regulatory compliance.
• eToro - Offers a social trading platform that appeals to a broad audience.
• Plus500 - A well-established CFD provider with a user-friendly interface and strong brand recognition.

　　

Positioning in the Industry

　　Coxigo positions itself as a global trading platform that emphasizes client support and education. However, its lack of regulatory approval may hinder its ability to compete effectively against more established brokers with strong regulatory backing.

　　

Market Differentiation Factors

　　Coxigo claims to offer advanced trading technology through the MT5 platform and a wide range of financial instruments. However, the absence of clear trading conditions, regulatory credibility, and a robust customer service reputation may limit its differentiation in the market.

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　　In conclusion, while Coxigo Markets Limited presents itself as a promising trading platform with a range of services, potential clients should exercise caution due to its unauthorized regulatory status and the associated risks. Thorough research and consideration are essential before engaging with any trading platform, especially those lacking strong regulatory oversight.

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