Pionex is a cryptocurrency trading platform that excels in automated trading. It provides traders with an array of pre-built bots and strategies, alongside AI tools for strategy customisation or creation. These tools are available for both spot and futures crypto markets.
Kraken is a top cryptocurrency exchange featuring a specialised trading platform and over 220 cryptocurrency tokens. Traders can access up to 1:5 leverage for spot trading with consistent rollover fees, and up to 1:50 for futures trading. The platform additionally offers crypto staking and hosts an engaging NFT marketplace.
Pros
Twelve free integrated trading bots available, requiring no coding or programming skills.
PionexGPT, an advanced AI chatbot, assists traders in programming bots using Pine script. It provides effective support for trading strategies.
Superior and innovative liquidity engines sourced from top exchanges like Binance and Huobi.
With trading fees as low as 0.05% for both makers and takers, this platform offers competitive rates compared to other leading exchanges.
Over 40 cryptocurrency funding coins accepted.
Facilitates cryptocurrency derivatives through futures trading.
US FinCEN requires a Money Services Business (MSB) license for traders.
Has maintained an excellent security history with no breaches over the past ten years since inception.
An impressive selection of over 220 well-established cryptocurrencies.
NFT marketplace and crypto staking offered for traders.
Excellent trading platform and mobile app.
Kraken Pro offers competitive trading fees.
50x leverage on futures trading enables traders to multiply potential returns by borrowing funds. This allows traders to control larger contract sizes with a smaller capital outlay. With increased leverage, the risks and rewards are both amplified, requiring careful risk management.
Minimum deposit requirement is only $10.
3D secure is necessary.
Unlocking the world of mobile investing offers traders a convenient platform to buy and sell assets. With intuitive apps, investors swiftly execute trades, analyse market trends, and manage portfolios. Mobile platforms empower users by providing real-time data and seamless access to financial markets. This modern approach enhances flexibility, allowing traders to respond instantly to market changes. For the savvy trader, mobile investing significantly streamlines the investment process, making it an indispensable tool in today’s fast-paced financial environment.
Crypto staking
Cons
Inadequate regulatory oversight raises concerns about security.
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
Yes
No
Copy Trading Platform
Pionex users can identify successful traders and replicate their bot configurations. This enables round-the-clock cryptocurrency trading via an intuitive platform and app.
Social Trading
Yes
No
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
CAD
AUD
JPY
CHF
Cryptocurrency
Trade spot, futures, and leveraged positions on 120 cryptocurrencies through Pionex's exclusive platform. It features built-in bots and highly flexible automated trading options. However, the selection of tokens is more limited compared to other platforms.
Kraken is a dedicated crypto exchange offering over 220 cryptocurrencies, including major tokens like Bitcoin and various altcoins. Traders can engage in spot markets with leverage of up to 5:1, or in futures markets with leverage up to 50:1. The platform provides low fees and is highly user-friendly.
