Pionex vs FXCM

Pionex vs FXCM Comparison Table 2024
Pionex FXCM
3.4

Pionex is #22 in our crypto broker rankings.

3.5
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for day traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.

Comment by Reviewer
"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading." "FXCM maintains its position as a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
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
  • Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart
  • The proprietary Trading Station terminal is a good choice for day traders looking for an all-in-one solution for their short-term and automated trading strategies
  • Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus
  • FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history
  • A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times
  • The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account
  • FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4
Cons
  • Weak regulatory oversight raises safety concerns
  • Withdrawal fees and limits may apply
  • Does not accept fiat deposits
  • Limited contact options
  • No demo account
  • Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer
  • There is no choice of retail accounts for traders, nor any Cent/Micro account options
  • The live chat support can be slow and unreliable compared to the top competitors
Instruments
Cryptos CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
No Yes
Minimum Deposit
$0 $50
Trading Platforms
  • Own
  • Trading Station
  • MT4
  • TradingView
  • eSignal
Payment Methods
Minimum Trade
0.1 USDT Variable
Regulator
FinCEN FCA, CySEC, ASIC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
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 Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS and Android
Auto Trading
Crypto bots
Copy Trading
Yes Yes
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. FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • ZAR
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for day traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions.
Leverage
1:30
FTSE Spread
1.18 pts var*
GBPUSD Spread
0.5 pips*
Oil Spread
0.05 (var)*
Stocks Spread
0.2% Var*
Forex Trading
Forex trading not offered FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks.
GBPUSD Spread
0.5 pips var*
EURUSD Spread
0.2 pips var*
EURGBP Spread
0.5 pips var*
Assets
40
Currency Indices
  • JPY
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. You can trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
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
  • ETH
  • LTC
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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