What is Pionex? 

Pionex is popular for being a pioneering crypto exchange when it comes to in-built trading bots. The exchange acts as an aggregator of liquidity from high-volume crypto marketplaces such as Binance and Huobi Global. Pionex actually claims to one of Binance’s biggest brokers. 

Pionex launched in 2019 and has become one of Asia’s fastest growing exchanges. The exchange is based in Singapore and is operated by Palaxy Global Limited. It is backed by venture capital firms including Gaorong Capital, Shunwei Capital and ZhenFund. Pionex provides crypto trading services to users through desktop/mobile apps and API tools. 

Strengths of Pionex Exchange 

• The exchange holds a USA Money Services Business licence (MSB).
• Pionex accepts users from many countries including the United States, United Kingdom, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Australia, Thailand, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Qatar etc.
• Platform is available on desktop and mobile. Simple account registration process. 
• Good liquidity – over a billion dollars in daily trading volumes. 
• Pionex trading platform has some cool features including TradingView charts, technical indicators such as Bollinger Bands, RSI, MACD and Price Oscillator, built-in live chat, etc. 

• Good automated trading tools including 18 customized trading bots that customers are welcome to try. The selection of trading bots includes Grid Trading bot, Leveraged Grid bot which offers up to 5x leverage, Spot-Futures Arbitrage, DCA bot called Martingale, Rebalancing bot, etc. 
• Offers leveraged tokens.
• Pionex has a smart trading terminal that makes it possible for traders to set up stop-loss, take profit, and trailing all in a single trade. 

• Low trading fees – maker and taker fees of 0.05%. Pionex offers a market maker program for high volume traders who can benefit from zero fees. 
• Live chat and email support.
• Decent customer reviews.

Pionex Exchange Weaknesses

• Users can’t fund their Pionex accounts using fiat currency. The platform only allows crypto-to-crypto conversions. For users who need an onramp and offramp between fiat and crypto this is a major limitation. Users would need to first use competitor platforms such as Kraken, Coinbase, OKX, Bittrex, etc. 
• Service is not available in some countries. 
• Does not offer demo trading accounts.