Pionex, the first cryptocurrency exchange to have built-in automated trading robots, was launched in 2019. It has grown to become an international platform. Traders have 16 trading bots available for free. They allow them to automate trading.
Pionex, a well-established broker with more than 100,000 active clients monthly, handles $5 billion worth of trading volume each month. Pionex also offers innovative mobile apps and competitive trading fees, making it an ideal solution for investors who trade large volumes while on the move.
Automating your investment strategy with in-built trading robots eliminates the need to constantly monitor the market.
How Pionex works
Pionex is more than just another cryptocurrency exchange. It provides tools for creating customisable automated strategies using free bots. Pionex provides 12 trading bots for free to both novice and experienced traders. API key trading is a great way to reduce the need for market monitoring 24/7.
Bots can be complex and require programming knowledge from clients. Pionex bots have this advantage: they don’t need to be set up. Copy trading can be used to follow the top investors’ bots.
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Cryptocurrency assets are volatile in nature. Buy and trade at your own risk.
73% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Pionex features explained
There are many leading robots available:
- Trailing Buy Bot: Adds to an asset position when its value falls. When the price changes, buying stops
- Trailing Sell Bot: Places trailing stop orders to limit potential losses in case of sudden market shifts
- Smart Trade Bot: Exploit market trends with low account risks by buying and selling using trailing or fixed stops
- Grid Trading Bot: Purchases and sells orders within a specified price range, ensuring small and steady profits from standard volatility. Ideal for beginners and those who are new to automation
- Reverse Grid Bot: Increases your holdings when coin prices fall. This bot is designed to sell coins at high prices relative to predetermined upper or lower limits.
- Margin Grid Bot: Earns a profit by lending crypto coins to other Pionex users. Also, earns additional capital to trade.
- Leveraged Grid Bot: Uses leverage with margin loans in order to amplify the results of the standard grid bot. Available with 1:1.2, 1:1.5, 1:2, and 1:1.3 leverage rates
- Leveraged reverse grid bot: This adds leverage to the standard reverse generator bot to increase trading results and profit potential. Available leverage ratios of 1:1.2, 1:1.5, 1:2, and 1:3.
- Infinity Grid Bot: A more sophisticated profit release strategy, similar to the grid bot. It uses percentages and has no upper limit. This is the best option for investors who believe that the market will rise.
- Bot Time-Weighted Average price (TWAP), Bot: Purchases and sells large quantities of cryptos in smaller orders during a specific period. This creates an average asset price
- Dollar-Cost Averaging Bot (DCA Bot): Repeated purchasing at regular intervals is set to offset volatility
- Spot Futures Arbitrage bot: This bot is for futures markets and capitalizes on differences in market prices between spot and futures. APR returns between 15% and 50%. Pionex SAFU compensation program is also available up to a maximum of 50,000 USDT
To find the right Pionex bot for your trading strategy, check out the tutorials on their website.
Pionex pricing format
Pionex bots are free. This is the main attraction. Pionex’s bots come with no monthly subscription fees, one-time charges, or hidden taxes. This is more difficult than you might think.
Pionex, a cryptocurrency exchange, makes money through exchange-related fees.
Each transaction is charged 0.05%. There’s also a fixed fee for withdrawing different coins or tokens. A complete list can be found on their official site.
Pros and Cons
| Pros | Cons |
| 12 trading bots that are free to use | Account cannot be funded with fiat currency |
| All transactions subject to low fees | |
| Mobile offering designed well |
Conclusion
Pionex is the best trading platform for beginners. There are no API Keys required, no monthly subscription fees, and trading fees of 0.05% or less.
Pionex is easy to use. The team believes in mobile-friendly design and has put a lot into making this app great.
Pionex, a popular cryptocurrency exchange, is ideal for beginners to automated trading. The bots are explained in detail and you will be able to understand what each one does. You will find orders filled quickly due to the large liquidity and 120+ coins.
