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.
OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It remains a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.
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
The OANDA Trade web platform serves serious traders, with 100+ technical indicators, an economic overlay and a Dow Jones news feed
OANDA recently improved its prop trading service, OANDA Labs Prop Trader, offering an 80% profit share to skilled traders
The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
There are no restrictions on short-term trading strategies with scalping, hedging and netting permitted
OANDA has enhanced its suite of stocks, now providing exposure to over 2,200 US and European shares
With 68 forex pairs and access to a premium MT4 upgrade, the broker will serve active forex traders
Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
The $0 minimum deposit will appeal to newer traders
Spreads are tight and there are zero hidden fees
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 range of payment methods trail competitors, only offering a handful vs the 10+ available at alternatives like AvaTrade
It's a shame that social and copy trading tools aren't supported for traders who want to explore other ways to trade
High-volume traders get limited fee rebates or perks compared to leading brands
Weekend customer support and extended hours trading aren't available
Awards
Best Trading Tools winner 2021 - Online Personal Wealth Awards
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
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
Yes
Inactivity Fee
$10
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
CAD
AUD
JPY
CHF
HKD
SGD
Commodities
Corn
Palladium
Platinum
Copper
Wheat
Gold
Silver
Oil
Natural Gas
Soybeans
Sugar
CFD
You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also over 130 technical indicators available collectively in the MT4 and OANDA Trade platforms.
Leverage
1:30
FTSE Spread
1.0
GBPUSD Spread<
1.4
Oil Spread
3.0
Stocks Spread
12 (Apple Inc)
Forex
OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.
Assets
68
GBPUSD Spread
1.4
EURUSD Spread
0.8
EURGBP Spread
0.9
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.
OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against crypto market volatility.