Pionex vs Fortrade

Pionex vs Fortrade Comparison Table 2024
Pionex Fortrade
3.4
3.8

Pionex is a crypto trading platform that specializes in trading robots, offering a variety of ready made bots and strategies to traders as well as integrated AI to help customize a strategy or come up with your own. These can be used on spot crypto markets as well as crypto futures.

Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.

Comment by Reviewer
"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading." "With strong regulatory oversight, helpful educational content and support for the market-leading MetaTrader 4 platform, Fortrade is a good pick for newer traders."
Pros
  • 12 free integrated trading bots with no coding or programming requirements
  • Powerful integrated AI chatbot 'PionexGPT' helps users programme trading bots on Pine script
  • Excellent and innovative liquidity engines aggregated from Binance and Huobi
  • Low trading fees compared with other major exchanges at 0.05% maker and taker
  • 40+ cryptocurrency funding coins accepted
  • Supports crypto derivatives via futures trading
  • Money Services Business (MSB) license by US FinCEN
  • Wide range of markets available including cryptos
  • Comprehensive educational resources and content
  • Strong regulation from FCA & CySEC
  • Choice of platforms including MT4
  • Unlimited time demo account
  • Online CFD trading APK
Cons
  • Weak regulatory oversight raises safety concerns
  • Withdrawal fees and limits may apply
  • Does not accept fiat deposits
  • Limited contact options
  • No demo account
  • Wider than average spreads on some assets
  • Only one account type available
  • Slow withdrawals
Instruments
Cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies, DMAs, ETFs, bonds
Demo Account
No Yes
Minimum Deposit
$0 $100
Trading Platforms
  • Own
  • MT4
  • TradingCentral
Payment Methods
Minimum Trade
0.1 USDT 0.01 Lots
Regulator
FinCEN FCA, ASIC, CySEC, NBRB, FSC, CIRO
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
App Review

The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.

Android App Rating
4.2
iOS App Rating
3.5
Auto Trading
Crypto bots Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Pionex clients can find other successful investors and copy their trading bot setups. This allows users to buy and sell cryptos 24/7 from a user-friendly platform and app.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform.
Leverage
1:30 (varies by entity)
FTSE Spread
2
GBPUSD Spread
2
Oil Spread
0.04
Stocks Spread
Variable
Forex Trading
Forex trading not offered Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips.
Forex App

The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.

GBPUSD Spread
2
EURUSD Spread
2
EURGBP Spread
3
Assets
60+
Cryptocurrency
Make spot, future and leveraged trades on 120 cryptocurrencies via Pionex's proprietary platform with built-in trading bots and highly customizable automated trading options. On the negative side, the range of tokens is narrower than many alternatives. Fortrade offers CFD trading on the largest cryptos by market cap paired with USD. Crypto CFD availability depends on local regulations and they are not offered in jurisdictions including the UK due to restrictions.
Spread
Market Variable
Coins
  • BTC
  • LTC
  • ETH
  • BUSD
  • EOS
  • BTT
  • TRX
  • NFT
  • DOGE
  • XRP
  • HT
  • ALICE
  • FIL
  • DOT
  • JST
  • AXS
  • UNI
  • AAVE
  • WIN
  • SUN
  • CAKE
  • LINK
  • BAKE
  • BCH
  • ETC
  • SNX
  • TFUEL
  • ADA
  • PUNDIX
  • ICP
  • MDX
  • FLOW
  • DODO
  • MFT
  • BSV
  • MATIC
  • CSPR
  • SHIB
  • ATOM
  • SUSHI
  • KEY
  • PERP
  • DEGO
  • DENT
  • LUNA
  • BNB
  • MXC
  • SXP
  • SRM
  • THETA
  • CTK
  • O3
  • ASR
  • PHA
  • BEL
  • FLM
  • COMP
  • SAND
  • PSG
  • KSM
  • XLM
  • BZRX
  • KLAY
  • SOC
  • ACM
  • ZEC
  • CHZ
  • ROSE
  • JUV
  • MANA
  • CRV
  • CELO
  • ATA
  • LINA
  • HYDRO
  • DASH
  • OG
  • NEO
  • XCH
  • ENJ
  • XMR
  • BEAM
  • YFI
  • SOL
  • GRT
  • AION
  • FTT
  • CFX
  • MBL
  • TT
  • WRX
  • RUNE
  • USDC
  • VET
  • XVS
  • INJ
  • QTUM
  • KAVA
  • MASS
  • ONT
  • AKRO
  • DGB
  • XTC
  • NMR
  • DATA
  • HNT
  • SLP
  • FRONT
  • NEAR
  • ALGO
  • MX
  • OMG
  • SEELE
  • CHR
  • FET
  • VTHO
  • OCEAN
  • AUCTION
  • ALPHA
  • GTC
  • WOO
  • REP
  • OXT
  • ZKS
  • EGLD
  • WAVES
  • 1INCH
  • FOR
  • NANO
  • IOST
  • COS
  • MITH
  • GXS
  • ZEN
  • COTI
  • AVAX
  • RSR
  • AUDIO
  • SKL
  • DIA
  • ZRX
  • MTA
  • ELF
  • COCOS
  • PAXG
  • ANT
  • PNT
  • WICC
  • IOTA
  • FTM
  • BAND
  • CKB
  • BORING
  • CELR
  • NEXO
  • LAMB
  • CRO
  • NEST
  • BTM
  • OGN
  • FORTH
  • YFII
  • LTO
  • MASK
  • STX
  • BAGS
  • TRB
  • ONE
  • TOMO
  • WAXP
  • MKR
  • SKM
  • ARPA
  • NEW
  • ICX
  • SWRV
  • BAL
  • BTS
  • RLC
  • ZIL
  • XEM
  • CRE
  • STORJ
  • AR
  • UMA
  • MBTC
  • RVN
  • REN
  • MIR
  • STEEM
  • FIS
  • BLZ
  • BAT
  • HBAR
  • HPT
  • BADGER
  • SNT
  • CTXC
  • ANKR
  • MLN
  • DCR
  • KNC
  • GT
  • CVC
  • IRIS
  • REEF
  • DAI
  • VALUE
  • WNXM
  • AST
  • VIDY
  • POLS
  • IOTX
  • LRC
  • CTSI
  • NULS
  • RING
  • GLM
  • POND
  • LOOM
  • YAM
  • AE
  • DF
  • FIRO
  • PAX
  • BIX
  • UTK
  • NODE
  • BNT
  • BTC
  • DSH
  • LTC
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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