Pionex vs InstaForex

Pionex vs InstaForex Comparison Table 2023
Pionex Review 2023	InstaForex Review 2023
Review 3.4 Pionex is #20 in our crypto broker rankings.	Review 3.2
Traders from US accepted	Traders from US not accepted See available CFD brokers
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.	InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading. Millions of traders have opened an account with the firm which offers a suite of active trading and investment opportunities.
	All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
Bonus Offer
	$3500 No Deposit Bonus, Club Bonus, Bonus 30%, Bonus 55%, and Bonus 100%
Promotions
	Claim A 100% Deposit Bonus At InstaForex
Comment by Reviewer
"Pionex is an excellent option for crypto traders with an interest in cutting-edge AI like ChatGPT and automated trading."	"InstaForex is a good choice for currency traders familiar with the MT4 and MT5 platforms. The broker offers more forex pairs than most rivals with tight spreads and a low minimum deposit."
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	Demo account available MT4 and MT5 integration Low minimum deposit to get started Wide market access with hundreds of assets Good range of payment methods including bank cards Reputable brand that over seven million investors have signed up to in the last 15+ years
Cons
Weak regulatory oversight raises safety concerns Withdrawal fees and limits may apply Does not accept fiat deposits Limited contact options No demo account	The broker’s website and Client Cabinet can feel tricky to navigate
Awards
	Best Forex Broker, International Investor Awards 2022 Best Crypto Broker 2022, Forexing.com Best Customer Service Broker 2022, AllForexBonus.com Best Broker 2022 in Latin America, International Business Magazine Best Affiliate Program 2022, GBM Best Forex Broker 2022, International Investor Awards Most Active Broker in Asia 2020, AtoZ Markets Forex Awards Best Affiliate Program 2020, Global Brands Magazine Best Broker in Asia 2019, Le Fonti Awards Best Managed Account 2019, IAFT Awards Best ECN Broker in Asia 2018, International Business Magazine
Instruments
Cryptos	Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
Demo Account
No	Yes
Minimum Deposit
$0	$1
Trading Platforms
Own	MT4 MT5
Payment Methods
Bitcoin Payments	Bank cards, Bitcoin, Litecoin, Tether, Ethereum, Skrill, Neteller, PayCo, AstroPay, WebMoney, plus Local Banking & Transfer Solutions
Minimum Trade
0.1 USDT	0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Regulator
FinCEN	BVI FSC
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
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 and Android + browser based platform
Auto Trading
Crypto bots	Yes
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.
Social Trading
Yes	No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR
Stock Exchanges
	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	Trade CFDs across indices, metals and even IPOs with flexible account types and leverage up to 1:1000. You can choose between two excellent platforms with a range of technical indicators and fundamental analysis features.
Leverage
	1:1000
FTSE Spread
	Fixed
GBPUSD Spread
	Av. Floating 0.6 pips
Oil Spread
	Fixed
Stocks Spread
	Commissions as low as 0.1%
Forex Trading
Forex trading not offered	Go long or short on a range of major and minor currency pairs with tight spreads. Powerful trading software is available with a choice of instant and pending orders.
GBPUSD Spread
	Av. Floating 0.6
EURUSD Spread
	Av. Floating 0.2
EURGBP Spread
	Av. Floating 0.5
Assets
	1000+
Currency Indices
	USD
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.	InstaForex offer crypto CFD trading on leading tokens with very low fees. Investors can speculate on over 50 cryptocurrencies, more than many competitors.
Spread
Market	0.1%
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	BCH BTC ETH LTC XRP and50+more
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
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