Swyftx is an Australian cryptocurrency exchange offering 330+ products, with an impressive $27+ billion in trading volume. The brand is trusted by 600,000+ customers thanks to its competitive fee structure, ISO 27001 security protection and feature-rich trading app.
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.
Pros
Over 300 cryptocurrencies available, including popular coins like Bitcoin and Ethereum, as well as other altcoins
User-friendly mobile platform with real-time performance tracking, demo mode and a fully customizable dashboard
Regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider
Several fiat funding methods accepted in AUD or NZD with no deposit charges
An option to set recurring deposits for automated cryptocurrency investments
ISO 27001 certification, 2FA/biometric logins and cold storage solutions
Transparent fee structure with spreads as low as 0.41%
You do not need to upload documents or photos
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
Cons
Poor exchange rates may impact your deposits negatively if you don't transfer in AUD or NZD
Swyftx is currently only available to customers in Australia and New Zealand
You need to have a call with an operator to be able to withdraw your funds
Swyftx does not allow users to deposit or withdraw money using PayPal
Live chat response times are slower than many alternatives
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
No
Yes
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
Cryptocurrency
Access a decent line-up of 330+ cryptocurrencies with low fees. Invest in popular token like Bitcoin, Ethereum, Tether and Ripple which can be bought, sold, transferred or stored on the broker's proprietary desktop and mobile platforms.
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.
