According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Web
- Mobile application
- Manual and algorithmic trading with leverage are available
Our Evaluation of Pionex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Pionex is a high-risk cryptocurrency exchange with the TU Overall Score of 2.83 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Pionex clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Pionex is an exchange for manual and automated trading that offers a wide choice of cryptocurrencies, provides a secure trading environment and charges low trading fees.
Brief Look at Pionex
Pionex is a cryptocurrency exchange launched in 2019 in Singapore. It operates under the Money Services Business (MSB) license issued by FinCEN, a US regulatory authority, with such world-known exchanges as Huobi and Binance also operating under its license. Pionex is currently one of the fastest growing platforms in Asia with a daily trading volume exceeding USD 30 million. Over 100,000 traders from all across the world use the services of the exchange. Pionex offers manual and automated cryptocurrency trading, including with leverage. The clients of the exchange have access to trading over 300 trading pairs, liquidity from the largest international exchanges and 16 types of built-in bots.
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- Minimum deposit is USD 1 in cryptocurrency equivalent;
- Low fees even with small trading volumes;
- No restrictions on strategies – you can trade on your own or using built-in bots;
- Wide selection of crypto assets, including for margin trading;
- High security: license of a US regulator, holding funds in cold wallets;
- Diversity of trading bots and no addition fees for using them;
- 2FA (two-factor authentication).
- No fiat deposit and withdrawal options;
- Referral awards are given only for users with trading volume of USD 20,000 or more;
- Uninformative responses of customer support.
TU Expert Advice
Author, Financial Expert at Traders Union
Pionex is a cryptocurrency exchange that provides manual and automated trading services, offering a range of over 300 trading pairs. Traders can benefit from low trading fees and flexible trading conditions, allowing users to engage in algorithmic trading with built-in bots at no extra cost, suitable for those looking to utilize automated strategies.
However, Pionex does not support fiat deposits or withdrawals, limiting transaction options primarily to cryptocurrencies. Client support responses can be uninformative, and referral program rewards are restricted to high-volume traders. Despite these drawbacks, Pionex may suit experienced crypto traders who prefer a secure, crypto-only trading environment with automation capabilities. Beginners or those prioritizing fiat transactions may not find this platform optimal for their needs.
Pionex Summary
| 💻 Trading platform: | Web (Standard, Pro), Mobile App (Android, iOS) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Over 30 cryptocurrencies |
| 💵 Deposit / Withdrawal: | Credit cards, cryptocurrencies |
| 🚀 Minimum deposit: | 0.0001 BTC, 1 USDC/USDT, 0.001 ETH |
| ⚖️ Leverage: | 1:3 for pairs with BTC and ETH, 1:2 for pairs with other currencies |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.00001 BTC |
| 💱 Commission: | Spot: 0,05%-0,05% |
| 🔧 Instruments: | 386 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Binance, Huobi Global and other large exchanges |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Limit |
| ⭐ Trading features: | Manual and algorithmic trading with leverage are available |
| 🎁 Contests and bonuses: | No |
Pionex supports deposits and withdrawal only in cryptocurrencies. The available coins include stablecoins USDT, USDC and Binance USD (BUSD). You can buy cryptocurrencies with your debit/credit card.
Pionex Key Parameters Evaluation
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Regulation and safety
Pionex has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- 2FA
- No successful hacks history
- Cold wallet storage
- U.S-regulated
- Government-regulated
- Tier-1 regulation
- No facial recognition
- No investor protection fund
Pionex Security Factors
We also compared Pionex against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Pionex | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Pionex a regulated crypto exchange?
Pionex is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Pionex is authorized or licensed in accordance with local regulations in the following regions: U.S, .
Is verification (KYC) mandatory at Pionex?
Yes, KYC verification is mandatory at Pionex. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Pionex available?
Pionex complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: United Kingdom, China, Venezuela, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Pionex support.
Is Pionex available in the USA?
Yes, Pionex is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Pionex commissions and fees
Pionex received a 7.45/10 score for its trading fees. While Pionex is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Pionex trading fees?
We analyzed Pionex’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Pionex trading fees vs competitors
| Pionex | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,05 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,05 | 0,22 | 0 | 0.194 |
What are Pionex deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does Pionex offer P2P trading?
Yes, Pionex offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Pionex P2P Fees
Deposit and withdrawal
Pionex received a 3.5/10 rating for its deposit and withdrawal services. Pionex offers limited funding options and may charge fees, which could be inconvenient for many users.
- P2P for flexible transfers
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers not available
- Withdrawal fee applies
Deposit and withdrawal options
Pionex supports the following deposit and withdrawal options: Crypto.
Pionex Deposit and withdrawal options vs competitors
What is Pionex minimum deposit?
The minimum deposit at Pionex is 1 USD/USDT or 0,0005 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Pionex minimum deposit vs competitors
| Pionex | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,0005 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Pionex support fiat money?
Pionex supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Pionex received a score of 3.5/10 in this category, indicating a modest offering of assets and markets. While Pionex covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Crypto futures not available
- Crypto options not available
Pionex supported coins and markets vs competitors
We compared Pionex with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Pionex | OKX | Kraken | |
| Supported coins | 386 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Pionex passive income options vs competitors
We also compared Pionex with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Pionex received a score of 7/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Positive user feedback on the iOS app
- Mobile indicators allowed
- Android app score 4,3
- Advanced orders not available
- No access to Copy Trading
- No standalone desktop access
Trading apps
Pionex provides web and mobile apps for both Android and iOS users, with an average rating of 4,4 on the App Store and 4,3 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Pionex platform is for mobile use.
| Pionex | |
| 2FA | Yes |
| Face ID | No |
| Mob Indicators | Yes |
| Alerts | Yes |
| Advanced Orders | No |
| Trading with bots | Yes |
| API | Yes |
| Extra trading platforms | No |
Does Pionex offer a desktop app?
No, Pionex does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Pionex offer advanced charting with TradingView integration?
No, Pionex does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2019 |
|---|---|
| Registration address | Singapore, Central Region, Singapore |
| Official site | https://www.pionex.com/ |
| Contacts |
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