4.7/5

  • Lower fees
  • Wide range of tokens available
  • Fully licensed & regulated
  • Access to leveraged crypto trading
  • No demo account available
  • Limited options for deposits
  • Limited customer support
  • No promotions and bonuses

Overview


  • Min. Trade:
    0.1 USDT
  • Min. Deposit:
    $0
  • Payment Methods:
    Bitcoin Payments
  • Instruments:
    Cryptos
  • Regulated By:
    FinCEN
  • HEADQUARTERS:
    Singapore

Pionex Review

Pionex is one of the brokers competing to make a place for itself in the market. The best thing about Pionex review platform is that it offers automated trading for crypto trading. The broker strives to provide distinct trading bots to suit any combination of trading conditions. The exchange was created in 2019 and has rapidly grown since then. 

Pionex boasts of a monthly volume of more than $5 billion. Although the broker is based in Singapore, it holds a license from FinCEN, which is situated in the USA. The best part of Pionex is that it offers round-the-clock robot trading outside the crypto trading hours. Pionex is fully owned and operated by BitUniverse, which specializes in creating trading bots for use across diverse exchanges. The broker welcomes traders from across the world; some of the countries that it supports are the USA, the UK, Singapore, Germany and Malaysia.

Pionex Review – Trading Platform

Due to its unique nature, Pionex has its very own proprietary trading platform, which is available through web browsers on Mac, Windows and Linux.

Pionex Review – Mobile Apps

Pionex has two mobile apps, one is Pionex, and the other is Pionex Lite. While the former replicates most of the functions of PC-based platforms, the latter was specially designed for beginners to make them comfortable with crypto trading.

Pionex Trading Bots

Pionex offers 16 trading bots which is the main attraction for traders. Although these robots do not guarantee profits, they do remove emotions and feelings that can hinder trading decisions. Additionally, bots enhance purchase and sales speeds. You can find a detailed tutorial of each bot on the broker’s website, while its reviews and additional information can be found on Youtube and review websites.

Pionex Markets

Pionex provides access to a wide range of coins, and traders can choose from more than 250 swap markets. Bitcoin and Ethereum are included in many of their swap pairs. 

Pionex Review – Account Types

  • Pionex Lite

One can only access Pionex Lite through the broker’s mobile app. Hence, Lite users often miss the experience of the PC platform but can still utilize bots through the mobile app. Additionally, the Lite accounts registered in the USA can directly purchase crypto through USD; however, standard and market maker accounts must swap USD to USDT before depositing onto the platform.

  • Standard Account

This account can be accessed through standard mobile apps or via browser-based platforms (Mac or Windows). Standard accounts have a regular pricing structure and provide access to all features as well as bots.

  • Market Maker:

This Pionex account is for high-volume traders who seek lower fees. There are no maker transaction fees in the market maker account. However, to qualify for a market maker account level, your average trading volume should be equivalent to USDT 300,000 for more than one month. When you meet this requirement, you can contact the broker to apply the advantages to the account manually.

Pionex Trading Fees

Pionex charges a fee of 0,5% to both Standard and Lite account holders for all maker and taker transactions. Their prices are relatively lower compared to other brokers.

Pionex Payment Methods

Since Pionex is not an entry-level exchange, crypto newbies have to go elsewhere to exchange fiat money for USDT. But there are no other restrictions. However, there are maximum and minimum deposit requirements imposed by the broker. Additionally, withdrawal charges can vary from token to token, but start at 1 USDT.

Pionex Review – Contact & Support

Pionex offers several resources to support the traders actively. The Pionex blog is an excellent way to learn everything about the world of crypto. With their FAQ section, you can easily find answers to your queries. The traders also have the option of email tickets, live chat and community help.

Pionex Verdict

Overall, Pionex is a trustworthy crypto exchange platform that has competitive fees, free trading bots and leveraged tokens for beginners and experienced traders. However, the platform is quite disappointing as it accepts crypto-only deposits and withdrawals and doesn’t have the facility of a demo account. That being said, numerous traders get attracted to Pionex daily because of the myriad of benefits the platform offers.

Author myfxstreet