Pionex Review

27 April, 2023

Established in 2019, the crypto trading platform is the first to introduce built-in trading bots for investors and traders. The exchange is integrated with 16 automated trading bots for free! The user-friendly interface, innovative mobile app, and low trading fees have all contributed to the increasing popularity of the Pionex exchange.

Yulia Zakharchuk
Written by
Julia Zakharchuk
Yulia Zakharchuk Julia Zakharchuk Expert Author
Julia is a professional crypto and blockchain writer known for her insightful YouTube channel "MoneyFest." She showcases her dynamic presentation skills as a host and moderator at blockchain conferences. Julia drives also business development at ChainUp and advises UNITBOX, an innovative NFT renting protocol. With her exceptional expertise, Julia is a highly valued industry contributor...
Michael Healy
Fact checked by
Michael Healy
Michael Healy Michael Healy Expert Author
Michael, an entrepreneur, and co-founder of Unit, is a full-stack, mobile, and blockchain developer with extensive experience in the crypto and blockchain industry since 2010. A leading token builder, Unit powers the token economy using the Polkadot-powered Unit Network blockchain. Michael has built a diverse portfolio with multiple successful exits, including encrypted P2P video conferencing,...
pionex review
Our Review
4.7
Pros
  • 16 built-in trading bots with detailed tutorials.
  • Aggregates liquidity from Binance and Huobi.
  • 120 different cryptocurrencies.
  • Trading fee of 0.05% on each transaction.
  • Easy-to-use mobile app.
Cons
  • Limited flexibility to modify the built-in bots.
  • No demo account
  • No desktop app is available.
  • No withdrawals in fiat currency.
Our Editorial Standards:
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This comprehensive review will analyze how Pionex became the fastest-growing trading platform. The short answer: because of its suite of free crypto trading bots!

The bots help streamline the process of trading cryptocurrencies and allow users to participate in trading strategies without needing constant monitoring.

Let’s dig into the details and find out what it is about.

Overview of Pionex trading service – Is it safe?

Pionex is a 100% safe crypto trading platform. It is headquartered in Singapore, where over 100 expert employees are busy providing trading services to millions of Pionex traders around the globe.

BitUniverse backs Pionex and has received investment from prominent Chinese corporations, including ZhenFund, Shunwei Capital, and Gaorong Capital.

Pionex is authorized by the MSB (Money Services Business), listed with the Financial Crimes Enforcement Network (FinCEN). This enables traders residing in the United States, including its 48 states and territories, to buy and sell on the spot exchange platform.

Remarkably, this sophisticated crypto-trading platform boasts an extensive community too. The official Telegram group of Pionex has accumulated around 15,000 members, and it also encourages communication on Discord by fostering a dynamic community with over 4,500 members. Additionally, the official Twitter page has managed to attract more than 15,000 followers, which is particularly impressive given that Pionex is a newcomer in the crypto world.

Who Can Benefit From Pionex?

Pionex is a cloud-based software that currently serves more than 100,000 users worldwide. The automated trading bot is compatible with all major web browsers, including Chrome, Firefox, and Safari. The Pionex mobile app makes the trading bot accessible to iOS and Android users.

The app handles a trading volume of $5 billion each month. Investors and traders can trade over 120 cryptocurrencies, including BTC, ETH, USDT, BNB, BUSD, HUSD, etc.

Pionex has a huge userbase.
Pionex has a huge userbase.

Pionex is a great choice for every user.

The Pionex free trading bots simplify the trading process for novice users. It consolidates the liquidity from two crypto giants, Binance and Huobi, by closely tracking the ticker price.

Cryptocurrency market beginners can benefit from the Coping Trading option available on Pionex. It allows them to mimic the trading techniques of successful investors.

Pionex is also considered an excellent platform for experienced traders because it lets them earn maximum profit without obliging them to perform round-the-clock supervision.

It is also reliable for high-volume traders. They can access all the trading bots through the mobile app using any device. They can also benefit from Pionex’s Market Maker Program.

What Makes Pionex A Good Choice?

Pionex has an intuitive and straightforward user interface. Besides having a visually appealing outlook, the automated trading platform has incredible features that make trading more manageable for every investor.

The services and features that contributed to making Pionex a world-renowned crypto trading bot in a short period are listed below:

Intuitive User Interface

Interactive and intuitive user interface.
Interactive and intuitive user interface.

Pionex has a very easy-to-navigate interface that is responsive on all devices. A quick drop-down menu at the top of the screen gives you instant access to Pionex’s primary features, including the Trading desk, market, and the option to purchase crypto.

On the trading screen, the charts and order windows appear in the middle of the screen, whereas the order book and transactions are on the left. Under the Market option, you can trade on the spot or go for leverage trading.

Users of Pionex can switch from manual trading to automated trading bots using the same trading terminal.

Other key features that give users a smooth trading experience include:

  • Light and dark mode.
  • 24h live price ticker.
  • Full-screen charting mode.
  • Instantly swap between the coins.
  • Flexibility to customize the interface.
  • Watchlists, favorites, and live coin holdings.
  • TradingView Charts.

Support Manual Trading

Manual trading support.
Manual trading support.

Although Pionex is primarily designed for automated trading bots, it also provides the capability for manual trading, similar to a traditional cryptocurrency exchange. You can buy and sell your coins using a limit or a market order, with the reference currency being USDT.

Pionex Mobile App

Pionex Mobile App
Mobile support.

Pionex has successfully accommodated all its users. Apart from being an excellent web-based trading platform, Pionex has also designed a fully functional mobile app. The Pionex mobile app is freely available for both Android and iOS users.

The Pionex has the best UI/UX interface and facilitates investors to keep trading while on the go. It allows you to create grid trading bots, track strategy statistics, and get real-time news from any device to maximize earning potential.

Cooperative Customer Service

Piomex has designed an excellent customer service system to better reach out to all its customers. There is a detailed FAQ section on the Pionex website. You can find answers to certain queries through the FAQs.

Users can reach out to the customer support team via Live Chat. The Live Chat function is available from 00:00 – 13:00 (UTC+0), but the Pionex platform aims to adjust this feature to 24 hours shortly. The customer support agents at Live Chat are smart, friendly, and helpful. They have all the knowledge about the Pionex trading bot and will give you a satisfactory answer without delay.

Pionex Affiliate Program

Pionex affiliate commissions.
Pionex affiliate commissions.

The Pionex Affiliate Program encourages investors to bring more users to the trading platform. To join the program, users must pay an extremely low fee.

It also has no additional charges for using the in-built trading bots. Its fees are highly competitive within the industry and access to all traders, regardless of their monthly trading volume. This sets Pionex apart from other exchanges that may have higher fees or require a minimum monthly volume for low-fee trading.

Leverage Trading Available

Leverage trading is a common phenomenon in the crypto market. The trading technique involves borrowing money to increase your buying power, to maximize returns on a successful trade. For instance, if you use 5× leverage, you can enjoy 5 times more profit if prices move positively.

Pionex supports 3× leverage on BTC, ETH, BNB, and XRP. Use the leverage tokens on Pionex and enjoy more profit. However, the potential for higher profits is always accompanied by increased risks. So, be sure to play it on the safe side.

Note: Due to strict laws, investors and traders living in the US are not allowed to use Pionex leverage tokens.

Low Trading Fee

It also has no additional charges for using the in-built trading bots. Its fees are highly competitive within the industry and access to all traders, regardless of their monthly trading volume. This sets Pionex apart from other exchanges that may have higher fees or require a minimum monthly volume for low-fee trading.

The Market Maker Program

Pionex has devised a separate program for high-volume traders. You can apply for Pionex’s Market Maker Program as a high-volume trader.

To become a market maker member, you should at least have $300,000 in USDT in your Pionex account or have cryptocurrency coins or tokens in your Pionex wallet with a net worth of $300,000 or more.

Under this program, you are not liable to pay the marker fees, whereas the Taker fees remain 0.05% of the total trading amount.

The Market Maker Program accepts applications only during the first days of each month and, once approved, requires a continuous minimum account balance of $300,000.

If you are rejected from the program due to a low account balance, you cannot apply for the Market Maker Program for 30 days.

Does Pionex Have A Demo Account?

The major drawback of using Pionex is that it does not have a demo account. Investors cannot test and analyze all those free trading bots before investing. However, Pionex has detailed tutorials for all its crypto trading bots. The tutorials give users a detailed rundown about each trading bot simplifying the trading process for all users.

Best Crypto Trading Bots On Pionex

Best Crypto Trading Bots On Pionex
16 trading bots options.

The trading bot selection on Pionex makes it different from other crypto exchanges in the market. It gives you 16 trading bots that buy and sell during certain market conditions.

  1. Grid Trading Bot

The Grid trading bot is a tool that utilizes automated buying and selling of assets based on predefined price points. It buys an asset when the price reaches a specified “low” level and sells it when it reaches a designated” high.” This feature allows users to take advantage of market fluctuations and gain profit the easy way.

  1. Arbitrage Bot

When utilizing the spot future arbitrage bot, users can profit from the price differences between the current spot price of a cryptocurrency and its current price in the Binance futures market. With a $50 deposit, this bot promises to generate a 15 APR return with minimal risk.

  1. Smart Trade Bot

This sophisticated bot is highly suitable for breakout traders in a trendy market. The bot follows a simple strategy where you set a trigger price and allows the bot to follow the market trend until a predetermined maximum trailing stop price is reached. Traders can take advantage of the upward market movement while mitigating risk with a trailing stop loss.

  1. Rebalancing Bot

This bot allows you to HODL several cryptocurrencies for the long term.

  1. Martingale Bot

The purpose of this bot is to capture profit from price fluctuations by buying an asset through a dollar-cost average strategy. The bot then aims to sell them at a higher price adjusted at 0.5%,1%, or 2%.

  1. Leverage Grid

Leverage grid bot is almost similar to grid trading with a slight twist. Using this bot, you can apply leverage to your investment, ultimately increasing your profit margin.

  1. DCA Bot

Dollar-cost averaging (DCA) bot follows one of the simplest trading strategies. The DCA bot enables users to purchase at specified intervals using fiat currency. The intervals supported by Pionex range from 10 minutes to one month.

  1. Infinity Grid Bot

With the Infinity Grid bot, you will never have to worry about the price exceeding your established range. The bot ensures that the total number of assets stays constant while the price of the assets continues to increase as it buys low and sells high.


How to Set Up Your Pionex Account

Setting up an account on Pionex is simple. Users require basic knowledge and understanding to get started with Pionex.

Follow these quick steps to set up your Pionex account.

Recommended
Free Trial
  • None
Price
  • 0.05% trading fee
Trial period
  • None

More details

Established in 2019, the crypto trading platform is the first to introduce built-in trading bots for investors and traders. The exchange is integrated with 16 automated trading bots for free! The user-friendly interface, innovative mobile app, and low trading fees have all contributed to the increasing popularity of the Pionex exchange.


  • 16 built-in trading bots with detailed tutorials.

  • Aggregates liquidity from Binance and Huobi.

  • 120 different cryptocurrencies.

  • Trading fee of 0.05% on each transaction.

  • Easy-to-use mobile app.

  • Limited flexibility to modify the built-in bots.

  • No demo account

  • No desktop app is available.

  • No withdrawals in fiat currency.

Step 1: Visit the Pionex Website

Go to the official Pionex website and click the [Sign-Up] option in the middle of the screen or top right corner.

Step 1: Visit the Pionex Website
Click the Sign-up button.

Step 2: Enter details

In the next window, you must sign up using your e-mail address or phone number. It’s best to use your e-mail to create your Pionex account. Click [Sign up].

Step 2: Enter details
Add your information and sign up.

Step 3: Verify your e-mail

An e-mail verification code will be sent to your e-mail. Enter the code and click on [Confirm] to proceed further.

Step 3: Verify your e-mail
Verify your e-mail.

Step 4: Complete KYC

Complete the Know Your Customer (KYC) authentication process. Click on the [Verify] option to complete the process.

Step 4: Complete KYC
Complete KYC.

Step 5: Buy or Deposit Crypto

After completing the verification process, you can buy crypto using a credit card or deposit cryptocurrency from other exchanges into your Pionex account.

Step 6: Choose the Pionex trading bot

When you have enough assets in your Pionex wallet, choose the Pionex trading bot and start trading. It is that easy!

Pionex Trading Fees

Pionex operates under a maker-taker fee structure, where a fee is charged when placing trades that either “add” or “remove” liquidity from the market.

A maker fee is applied if a pre-existing order does not immediately match your trade. On the other hand, if an existing order immediately matches your trade, a taker fee is charged.

Currently, the maker and taker fees at Pionex are set at 0.05% of the total trade value. They are deducted from the available balance in your account deducted from your account’s available balance withdrawals.

Crypto and fiat deposits

You can deposit various major cryptocurrencies and, recently, fiat currency through credit card deposits. However, there is a fee of 3.5% for European deposits and 4.5% for non-European deposits.

Coinbase and Binance have regulated gateways that enable global users to transfer assets into a Pionex account. To ensure the safety of assets during the transfer, it is important to follow the clear online instructions the broker provides on moving assets through various gateways.

Customers can only withdraw crypto using the Pionex account. It does not support fiat withdrawals.

Pionex has varying withdrawal rates for each coin. Providing KYC information will expand your withdrawal limits. The withdrawal fee for Pionex is 0.0005 BTC for each BTC withdrawal.