Xinjiang Mining Group has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Previously known as Maptech Mining Ltd
Phones: 0086 755-8624-3678
Addresses: XMG Tower Qidaowan Road Shuimogou Urumqi XinJiang Uygur China 830000 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.xinjiangmininggroup.cn.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Xinjiang Mining Group said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Economic calendar|Intuitive for beginners
Cons: Mobile app could be improved
Xinjiang Mining Group has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Multiple order types|Fast support response|Market news feed
Cons: No integrated tax optimization|Search feature is basic
I requested my data from Xinjiang Mining Group under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Dividend tracking|Economic calendar
Cons: Inactivity fee applies after 12 months|Slow to add new assets
The only good thing about Xinjiang Mining Group is that they remind you why regulation matters. I found them based on a colleague's recommendation. 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: Segregated accounts|Easy to use platform|Quick verification|Responsive team
Cons: Mobile app could be improved
Where do I even begin with Xinjiang Mining Group? for over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Two-factor authentication|Quick verification|Market news feed|Fast execution
Cons: Some tools only available on higher tiers
I experienced a security concern with my Xinjiang Mining Group account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Multi-device support|Fast support response|Two-factor authentication
Cons: Inactivity fee applies after 12 months|Currency conversion fee exists