Forex Robots

Pionex Review: Is This Crypto Bot Safe and Legit?

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Pionex

Pionex has partnered with some of the major exchanges in the crypto market to offer its 16 auto trading algorithms to the general community. The platform provides detailed charts with level two market data to manually scan and place executions. A total of 346 tokens are available to trade with a small fee of 0.05%. Going through the website, we will cover all the possible characteristics of the platform for us and see if it is a viable option for long-term investment.

About Pionex

Pionex serves as a cryptocurrency exchange and an automated trading platform where traders can choose between different bots to auto trade the markets. There are a variety of systems available, including grid, leveraged, smart, and dollar-cost averaging. It is possible to configure the settings of each EA according to your liking.

Pionex review: key features

The platform has the following features:

  • It has been live for 1046 days which prooves its credibility.
  • A huge trading volume ensures that there is enough liquidity for traders, and therefore the slippage is minimal.
  • An intuitive dashboard to manage your executions with ease.
  • Algorithms are available to cater to the needs of both professionals and beginners.

Pionex: trading strategy

Pionex generally uses averaging strategies with most of its crypto trading bots. The algorithms can differ from others in terms of pip step, leverage, trailing stop losses, etc. Arbitrage bots are also at hand, which capitalize on the difference in price feeds of multiple brokers. The range of choices caters to the needs of all.

Pionex trading approach

Pionex trading approach

Security of Pionex

The platform uses google authenticator 2FA to make sure that your account is safe and sound. Traders are responsible for keeping their credentials secure.

Pionex safety

Pionex safety

Is Pionex safe?

Traders can manage all of their executions manually within the dashboard. Stop loss and take profit functions are included within the parameters of the algorithms for better risk management. Slippage control and the use of martingale are present as well.

Algorithm settings

Algorithm settings

How much does Pionex cost?

There are no hidden charges from the crypto trading platform. The algorithms are available for free, and a 0.05% cost is applied on each execution.

Pricing of Pionex

Pricing of Pionex

Deposit and withdrawal

The wallets are subjected to continuous maintenance and updates for better cash in/out at all hours. Its integration with other major exchanges such as Binance, Circle, sumsub, etc, provides several routes for funding and withdrawals.

Supported exchanges on Pionex

Supported exchanges on Pionex

Does Pionex charge fees and commissions?

As mentioned before, Pionex charges a 0.05% fee on all the trades. The algorithms are free to use.

How much profit can it earn?

Grid trading algorithms at Pionex can perform well when the markets are ranging. Traders can use a manual approach to trade only when the candlesticks move between specific support and resistance levels. Leverage can be employed to increase your rewards at the cost of enhanced risk.

Company reputation

The headquarters of Pionex is located in Singapore. They have a major community following on Telegram with over 25000 members.

Community on Telegram

Community on Telegram

Pionex reviews

Pionex has outstanding user feedback on Trustpilot, where traders rate them 4.2 for 277 feedback. One of the investors comments that they have a fantastic experience using the algorithms.

Customer review on Trustpilot

Customer review on Trustpilot

Who is Pionex for?

Pionex is appropriate for beginner and amateur traders who desire a stable passive income from a ranging market. The platform features multiple coins helping with the diversification of your assets.

Pionex: supported devices

The platform is available on the website and on mobile devices such as Android and Apple. All the trading activities are carried out in an online cloud-based interface.

What exchanges does Pionex support?

Pionex is compatible with these exchanges:

  • Binance
  • Circle
  • Sumsub
  • Coinfirm
  • Banxa
  • Simplex

Pionex: customer care

Live chat support is present on the website, where traders can ask questions and get an answer to their inquiries.

Pionex

5

Pionex is a quality crypto trading platform that offers free bots for traders. The algorithms are customizable in terms of parameters allowing us to increase or decrease the profits depending on the risk management. The partnership with some major exchanges proves its credibility in the long and short terms.

  • Over 16 algorithms are available to trade on 346 coins
  • The affiliate program allows traders to earn $1000 each day
  • A monthly trading volume of more than $5 billion
  • The smartphone application is available on both the play store and the Appstore
  • Trading algorithms are only available to use on Pionex
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