About HK JINXIANG INTERNATIONAL LIMITED
Company Overview
HK JINXIANG INTERNATIONAL LIMITED, operating under the brand name 金祥國際 (Jinxiang International) and also referred to as Midas Exchange, is a precious metals trading platform incorporated in Hong Kong on 23 November 2023. The company is registered at 93-103 Wing Lok Street, Sheung Wan, Hong Kong. According to its official records, it is regulated by the Hong Kong Gold Exchange (HKGX) as an AA-class member (No. 129) for precious metals trading. The broker has been in operation for approximately one to two years.
Regulation and Licensing
The broker holds an HKGX licence (AGN) for precious metals trading, with the status listed as 'Regulated' in Hong Kong, China. The Hong Kong Gold Exchange (Hong Kong Gold and Silver Exchange Society) is a self-regulatory organisation that oversees precious metals trading in the region. Clients can verify the broker's membership via the exchange's website. The broker emphasises that each trade above 0.1 lots is provided with a 'trading code' that can be used to verify the transaction on the exchange.
Account Types and Minimum Deposit
HK JINXIANG INTERNATIONAL offers two account types: a Standard Account and a Demo Account. The Standard Account requires a minimum deposit of 200 USD, though the official website suggests that the exact minimum may be confirmed with customer service. The account features floating spreads, zero commission, and a maximum leverage of 100:1. The minimum trade size is 0.01 lots. The Demo Account is free and provides virtual funds for practice, with a validity of 60 days.
Trading Instruments and Platforms
The broker specialises in precious metals, specifically London gold and silver. According to its website, the contract size is 100 ounces per lot for gold and 5,000 ounces per lot for silver. The trading platform is MT5, a multi-asset platform that supports advanced charting and automated trading. The broker does not offer the MetaTrader 4 platform. It claims to provide 'lightning' order execution and 24-hour trading from Monday to Saturday, with a daily maintenance break.
Funding and Withdrawal
Deposits can be made via bank transfer to the company's corporate account. The broker states that deposits are processed instantly and withdrawals are typically completed within 2 hours. While the account currency is USD, deposits in other currencies are converted at the company's exchange rate. The broker does not accept third-party deposits, and charges may apply for bank wire transfers. Clients must submit identification and bank card information for withdrawals.
Target Audience
HK JINXIANG INTERNATIONAL appears to target retail and experienced investors interested in trading precious metals with leverage. Its offerings are tailored to those who prefer trading gold and silver in a regulated Hong Kong environment. The broker's low minimum deposit and zero commission structure may appeal to cost-conscious traders. However, the platform is not suited for those seeking forex currency pairs or CFDs on other asset classes, as it focuses solely on gold and silver.
Overview compiled by FXCanary from regulatory records and public data. full HK JINXIANG INTERNATIONAL LIMITED review