Pionex Review: What You Need to Know

by Forex EA Top Team
Pionex Review: What You Need to Know

Pionex offers market-leading crypto bots that are fully automated and provide efficient trading for users.  The exchange has users from 100 countries and regions worldwide and has a monthly trading volume of $5 billion. Grid bot, Leveraged Grid, TWAP, Infinity Grid, and more are a part of the bots offering on the platform. The bots are free to use and are integrated with the exchange. With the fully automated software, the platform makes it easy for newbies as well as experienced traders to efficiently trade via their desktop or their mobile.

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What is Pionex?

Pionex Review: What You Need to Know

Pionex is platform that has inbuilt trading bots enabling users to trade their assets efficiently on the Pionex exchange. The bots are designed to work in different market conditions. With the bots, you can trade from the 346 coins or tokens that the platform has for a small trading fee of 0.05%. 

Price:Free
Payment Options: N/A 
Supported Exchanges:Pionex
Cloud Based: Yes
Strategies: Grid, leverage grid, TWAP, and more

Is it easy to use Pionex?

The platform has a simple process for getting started. The step you need to follow are:

  1. Visit the official site and click on the sign-up option present at the bottom section of the home page
  2. Enter your phone number or email address and create a password
  3. The account setup is completed. You will receive the login credentials on your phone or email
  4. Now you can use the credentials to sign in and use the service

Features of Pionex

Some of the key features that give the platform an edge over other bots in the market are:

Integrated auto bots

The service offers 16 inbuilt bots from which users can pick a bot that they prefer or as per the market condition. Due to the integrated design, it is easy to use the bots to trade on the Pionex exchange.

Simple user interface

The interface is designed for use by beginners and seasoned traders. You can navigate easily to the different sections. Choosing the bots, setting the parameters, and trading are all done effortlessly due to the user-friendly design.

Low trading fees

A commission fee of 0.05% is charged for trading with the bots. When compared to the charges of other competitor platforms, we find the pricing is affordable.

Tutorials 

The service offers separate tutorials for each of the bots available on the platform. The guides are explained clearly and make it easy to use the bots without prior knowledge of the working method.

Strengths and weaknesses of Pionex

Strengths  Weaknesses
Supports over 346 coins and tokensNo free trial
Low trading fees
Good support

Is Pionex good?

As a platform offering inbuilt bots, Pionex is a good choice for new users and seasoned traders. The low trading fees, a wide range of supported crypto coins, tutorials, and FAQ help users to execute efficient trades. The extensive varieties of bots include grid trading bot, leverage grid, tailing sell, TWAP, Martingale, and more. Besides the automated bots, the service also allows manual trading via the smart trade terminal.

Is Pionex safe?

As per the company info, the platform has offered safe and secure service for 1051 days. Since the bots are integrated with the exchange, the need for separate API keys is eliminated. Further, the company uses standard safety features that ensure secure and safe trading. The MSB license it has received from FinCEN also makes the platform safe to use.

Customer support

User review for Pionex on the Trustpilot site.
User review for Pionex on the Trustpilot site.

For support, the service provides a blog, FAQ, video tutorials, and links to social media pages on Twitter, Discord, Facebook, Line, and Telegram. We found 277 reviews for the service on the Trustpilot site with a rating of 4.2.  From the user feedback, we find the bots are easy to use and show good performance. Users state that the support is immediate and effective.

Reputation

The company has the Money Services Business license granted by the United States FinCen. Besides the U.S. license, the company boasts over 100 million trades and a trading volume of more than 5 billion. It also has partnerships with reputed names in the industry like Binance, Coinfirm, Banxa, Sumsub, Simplex, and Circle.

Willing to try automated trading?
See the best forex robots rating to make the right choice.
Explore the list here >

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