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tradingcritique.com help you learn more and decide whether the Pionex is suitable for you or not. Pionex is a cryptocurrency exchange with 16 free built-in trading bots for stores around the world to control the risk while investing.
There is no need to have previous knowledge of cryptocurrency exchange. The only thing you need to do is to just enable the bot services. It is one of the most rapidly growing cryptocurrency platforms with a trading volume of more than 30 million USD daily.
Table 1: Pionex Overview
 Pionex Highlights |
|
|---|---|
|
Regulated By |
|
|
Demo Account |
NO |
|
Minimum Deposit |
$0 |
|
Commission |
0.1% |
|
Trading fee |
0.05% |
|
Withdrawal fee |
YES |
|
Deposit fee |
NO |
|
Deposit & Withdrawal Method |
Bitcoin Payment |
|
Social trading |
YES |
|
Copy-trading |
YES |
|
Auto trading |
Crypto bots |
|
Assets |
|
|
Trading Platforms |
Mobile Platform |
|
Customer Support |
24/5 |
Pionex is the world’s 1st broker that offers automated crypto trading for smart trade with excellent trading strategies. It particularly attracts smartphone investors and also the rising trend for crypto traders. It provides 16 trading bots that the secure trade of currencies like dogecoin, Ethereum, and so on.
Image 1: Home page on the Pionex website
Image Copyrights reserved to Pionex
Pionex is launched in 2019 in Singapore. This company holds the USA Money Services Business License (MSB) granted by the Financial Crimes Enforcement Network (Fin CEN) which is the bureau of the United States government that analyzes online financial transactions to avoid money laundering and limit fraud activities.
The Monetary Authority of Singapore License (MAS) license was pending. All the cryptocurrencies in the Pionex wallet are secured in Binance and Huobi Global which offers the World’s class security level.
Pionex is insured by Zhen Fund, Gaorong Capital, and Shunwei Capital for more than $10 million.
Image Copyrights reserved to Pionex
The countries that accept Pionex are listed in Table 2. Other country residents will not be able to use Pionex.
Table 2: Accepted countries of Pionex
Pionex - Accepting Countries  |
|
|---|---|
|
Thailand Australia Qatar Luxembourg Kuwait Saudi Arabia The United Arab Emirates Denmark Italy Sweden |
Norway Germany France India Hong Kong South Africa Singapore The United Kingdom The United States Canada |
Trading bots are a set of algorithms and programs which is designed for automatic trading in the cryptocurrency market. There is no requirement for coding knowledge for the Pionex bot as it is an automated bot and copy trading is also available.
Features of Pionex Trading Bots
Human interaction is not necessary.
Human errors are impossible.
No need for analyzing the market 24/7.
Fast trading and transactions.
Consistency in target performance.
Provides a platform for testing the new strategies.
Opening a Pionex Crypto trading account is very easy. Follow the below-given steps to open a Pionex account.
Follow the below steps to open a Pionex account:
1. Click the sign-up button.
2. Complete the online form to create login info.
3. Verification is done via email address or phone number.
4. Your account is open.
5. You can fill in KYC details to increase the withdrawal limit (optional.)
6. You can earn rewards via a referral code.
There is no need to stick to the computer screen 24/7 to watch the market condition. The only thing you can do was just go to the Pionex website and open the Pionex account, deposit, and the bot runs automatically. All the bots in Pionex offer different functions and objectives.
Pionex bot is classified into the following 16 categories:
Spot futures arbitrage bot
Dollar-cost averaging (DCA) bot
Time-weighted average price (TWAP) bot
Infinity grid bot
Leveraged reverse grid bot
Leveraged grid bot
Margin grid bot
Reverse grid bot
Grid trading bot
Smart trade bot
Trailing sell bot
Trailing buy bot
Rebalancing bot
Martingale bot
Moon bot
Stop limit bot
This bot capitalizes on the differences between the current spot price of cryptocurrency and the current price in the future market. This bot targets an extremely low-risk arbitrage strategy with 15-50% APR earnings.
DCA bot categorizes the buy orders at specific time intervals. This bot will buy the asset at each time interval at the current market price. It is the easiest way for getting the iOS average price at a specific time. The time interval in Pionex is 1 month, 1 week, 1 day, 1 hour, and 10 minutes.
TWAP bot sells and buys a large volume of cryptocurrencies in small orders within a specific period and earns the average price in assets of Pionex.
Infinity grid bot is similar to the grid bot which is developed for better profit-earning strategies. It does not have an upper limit. This bot is used to earn high profits when the market will rise.
Leveraged reverse grid bot is similar to the reverse grid bot. This bot has a leverage of 1:1.2, 1:1.5.1:2, and 1:3. It adds the leverage with a standard reverse grid bot which improves the profit potential and trading results.
Leveraged grid bot method is the same as the standard grid bot method but it allows the users to permit margin to amplify returns. The available leverage levels in the bot are 1.2x, 1.5x, 2x, and 3x.
The Margin grid bot is employed to lend some cryptocurrency to Pionex users and generates profits that can be utilised as capital and as a source of funding for trading.
The reverse grid bot raises holdings when the coin prices are low. When the coin prices are high, it reduces holdings. It compensates for the grid strategy by increasing the holding of coins and this bot comes back to the original position when the price retreats.
When the price reaches a predefined low point, the Grid trading bot automatically buys the asset. When the price reaches a defined high point, this bot automatically sells the asset. It never sleeps when you are sleeping.
Grid trading bot enables the user to continuously profit from market volatility. To make additional coins and purchase the dip, use this bot.
A smart trade bot sells or buys assets with fixed or trailing stops which reduces the trend of the market with low risk.
The trailing sell bot was used to sell too early in the pumping market. It allows the investors to set several target prices to increase the value. This bot automatically sells the asset at a predefined percentage when the target is reached. When the market direction gets reversed, this bot limits the potential loss.
When the value of assets falls this bot automatically adds to the position. When the asset value gets reversed, this bot stops buying the asset automatically.
A rebalancing bot helps the investors to hold the coin long time. This bot will buy the assets during the rebalancing.
Martingale bot one-time sell and DCA buy to get fluctuation profit. It is the strategy of laddering buy and sell at once and reducing the average holding cost.
Moon bot will earn the grid profits 24/7 continuously and the profits can be withdrawn, also you can use your funds flexibly according to your needs.
The stop limit bot sets the trigger price and the order price after the trigger and order quantity. The order is placed at the present order price when the latest price reaches the trigger price.
Pionex provides more than 120 cryptocurrencies like LTC, TRX, DOT, ETH, BTC, SL, DOGE, and SHIB and hundreds of trading pairs.
Table 3: Most traded assets of Pionex
| ETH | BTC | USDT | BNB | SHIP | HOST | USDC |
| EZ | ADA | XRP | MATIC | BSV | CROP | DOGE |
| LTC | BNB | WIN | HBTC1 | CAKES | PAX | DOGEBEP20 |
| BNB | XRP | AXIS | BEL | COMP | DAI ERC20 | DOT |
| ATOM | LUNA | BCH | BSC | CAKE | FIL | EOS |
| SLP | FTT | HERO | HT | LIT | KNC | HURD |
| LINK | LRC | MATIC | MKR | NEST | PAX | SHIP |
| GALA | SHIBBEP20 | SOL | SAND | MANA | THETA |
The trading platforms of Pionex are
The web trading platform is accessed with all the major web browsers like Chrome, Safari, Explorer, and Firefox. It offers numerous key features like several technical indicators, trading view charts, customized interface, trading order history, customized time filters, light and dark mode, built-in live chat, coin ranking, live market cap, and live coin holdings.
Pionex Mobile Apps have two versions. One is the Pionex App and the other is the Pionex Lite App.
The Pionex app enables simple manual crypto order placement. Both the Android Play Store and the iOS App Store provide it for free. It also offers a free test run after downloading Pionex.
All the commands in the Pionex app are easy to use and navigate. This app allows investors to create DCA bots and Grid trading bots. Traders can track the real-time news, strategy statistics, and actual price gap to increase the profit potential.
Pionex’s standard version of the app supports the transfer of cryptocurrencies only. But this lite version helps the investors to trade with USD which they can withdraw or deposit using a bank account. These Pionex lite app version functions are not available in all countries.
Image Copyrights reserved to Pionex
The investors can access all features because there is no lag between the desktop platform and the mobile platform. Although they are unable to access the copy trade feature. The trading bots are activated automatically which was easy and simple. But a mobile platform is a little bit easier than a desktop platform for new traders.
You can convert cryptocurrency into another using the swap or manual trade.
You can convert the cryptocurrency using the Pionex Swap Trade method by following the below steps.
Follow the below steps to convert cryptocurrency using the Pionex Swap Trade method:
Choose a market from the menu
Click the magnifier icon to search coin you would like to convert.
Choose to sell or buy.
Select swap.
Confirm the amount and coin.
You can convert the cryptocurrency using the Pionex Manual Trade method by following the below steps.
Follow the below steps to convert cryptocurrency using the Pionex Manual trade method:
Choose a market from the menu.
Click the magnifier icon to search coin you would like to convert.
Choose to sell or buy.
Select Market order.
Confirm the amount and coin.
There is no hidden taxes, monthly fees, or subscription fees. The pricing structure of the crypto exchange is 0.05% per trade and there are no additional charges for Pionex trading bots. There is no monthly fee for it. For basic users, the commission cost is 0.1%; for VIP and SVIP users, it is 0.05%.
The Traders who attain a trading volume of 300,000 USDT are available for market maker programs and get a discount on trading fees. Otherwise, the traders are not qualified for the market maker and they should be allowed to apply for market maker after 30 days of disqualification.
The trading pairs included in the market maker program which has fees of which will still be taker 0.05% and maker 0%.
Table 4: Trading pairs in the market maker program of Pionex
| USDT Pairs | HUSD Pairs | BTC Pairs | ETH Pairs |
|---|---|---|---|
|
ZRX/USDT YFV/USDT |
PAX/HURD |
FET/BTC |
ADA/ETH |
Image 4: Market section on the Pionex website
Image Copyrights reserved to Pionex
Pionex offers more than 40 digital currencies for deposit options and zero deposit fees. The wallet must remain free of fiat currency when using the wallet. It accepts currencies like bitcoin, Ethereum, and stablecoins for deposit options. The platform avoids price fluctuations and limits the droping of account capital.
Pionex accounts do not require a minimum deposit but it requires a minimum investment order volume. The deposition time can take 1 hour to complete in Pionex. The funding is 0.03% which is deducted from the leveraged token price which means the price of leveraged tokens decreases by 0.03% every day.
Clients can only withdraw cryptocurrencies and withdrawal fees are varied depending upon the coins and quantity limits. Traders can provide the KYC information to increase the withdrawal limits. It does not accept fiat withdrawals.
Image Copyrights reserved to Pionex
Example:
Image Copyrights reserved to Pionex
The manual trade helps you to transfer one cryptocurrency into another cryptocurrency. It supports easy manual order placement.
Image Copyrights reserved to Pionex
The minimum or maximum price at which you want to sell and buy is called a limit order. The order is executed when the price is lower than the setting. The order is executed with the lowest price when the price is lower than the limit order set price.
When the price is greater than the set price, the order is not executed. When the current price is more than the price specified in the limit order, the order is executed at the highest price.
Market orders are executed at the current market price as quickly as possible. It does not execute the order when the price has heavy fluctuation. Slippage can happen during market orders with heavy fluctuation so you cannot use limit orders instead of market orders.
Pionex offers 16 trading bots free and 50 BUB coins free for the investors who sign in to Pionex by using the referral link which makes the path to great savings.
When the volume of the grid bot hits 20,000 USDT, the investors get 50 BUB and when it hits 50,000 USDT, they get 50 BUB extra. It offers a greater number of coupons, promo codes, newsletter codes, and discount codes frequently.
Pionex offers customer support via live chat, email, and telegram. The telephone support service is not available. The hours of operation are Monday – Sunday (8:00 am to 10:00 pm).
Table 5: Customer support service of Pionex
| Pionex Customer Support & Social Media Details | |
|---|---|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
 Reddit |
|
The educational and research section is not provided on the Pionex website. But you can get detailed information about 16 trading bots from the Pionex blog.
The FAQs section in the Pionex helps to get details about the basics of the working of Pinoex crypto trading platforms. It also offers lots of tutorial videos on YouTube about Pionex trading bots and platforms.
Image 8: Blogs on Pionex Website
Image Copyrights reserved to Pionex
Image Copyrights reserved to Pionex
Pionex crypto trading platform has both advantages and disadvantages which are listed in Table 6.
 Pros of Zulu Trade |
 Cons of Zulu Trade |
|---|---|
|
It has more than 100000 users and 100+ expert service teams for investors.
Customized and user-friendly mobile platform.
No coding requirements for trading bots.
Excellent liquidity engines from Huobi and Binance
No monthly fees and Low trading fees of 0.05%.
More than $30 million daily volume.
|
It is not regulated by FCA. No support service via telephone. No demo accounts. No fiat withdrawal or deposit options. It doesn’t inform users about the type of encryption features to prevent data hacks |
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