Pionex vs InstaForex
Pionex Review 2023 | InstaForex Review 2023 |
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3.4
Pionex is #20 in our crypto broker rankings. |
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3.2
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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 | |
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 | |
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Cons | |
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Awards | |
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Instruments | |
Cryptos | Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures |
Demo Account | |
No | Yes |
Minimum Deposit | |
$0 | $1 |
Trading Platforms | |
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Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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 | |
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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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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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. | |
More Comparisons | |
Pionex vs |
InstaForex vs |