Big Mining (bigminings.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.bigminings.com.
The spread at Big Mining (bigminings.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Intuitive for beginners|Good mobile app|Copy trading available|Multi-device support
Cons: Inactivity fee applies after 12 months|Limited ETF selection
The only good thing about Big Mining (bigminings.com) is that they remind you why regulation matters. I found them after seeing their ad online. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Easy withdrawals|Helpful community forum
Cons: Alert system is basic
I gave Big Mining (bigminings.com) a fair chance. After for about eight months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Detailed reporting|Tax reports included
Cons: Wait times can be long during peak hours|Limited social trading features
The onboarding at Big Mining (bigminings.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Educational resources|Great customer service|Risk management tools
Cons: Limited ETF selection
I signed up with Big Mining (bigminings.com) from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Multi-device support|High security standards|Social trading features
Cons: Charting tools need more indicators
I wanted to transfer my portfolio from another broker to Big Mining (bigminings.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Stable platform|Good analytical tools|Detailed reporting
Cons: Wish they had more educational resources|No integrated tax optimization
I lost a significant amount because Big Mining (bigminings.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Automated trading options|Competitive fees|Fast execution
Cons: None so far
Opened my account with Big Mining (bigminings.com) through a financial advisor and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Copy trading available|Multi-device support|Demo account available|Economic calendar
Cons: Search feature is basic
Big Mining (bigminings.com) locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: No hidden fees|Personal attention
Cons: Help articles are sometimes vague|Withdrawal takes 1-2 business days
My card was charged twice by Big Mining (bigminings.com) on the same day. I had to dispute it with my bank. Big Mining (bigminings.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Easy to use platform|Quick verification
Cons: Mobile app could be improved|Would like more payment methods