Pionex Infinity GRID Trading Bot Review

May 4, 2022 07:33 AM ET
Pionex Infinity GRID Trading Bot Review

Pionex Infinity Grid Trading Bot is one of the free integrated trading bots available in Pionex. The platform has users in more than 100 countries and has a daily trade tally of more than 100 million and a monthly trading volume of more than 5 billion. The infinity bot is a premium model of the grid bot created for users to buy low and sell high while ensuring their assets are not affected during price fluctuations. 

What is Pionex Infinity GRID Trading Bot?

The Infinity grid trading bot is a modified version of the grid bot. As per the vendor, it is a perfect strategy to use in the bull market as the grid is set for a larger price range. The bigger range helps to exploit the trending profit.

How does Pionex Infinity GRID Trading Bot work?

The main mechanism of the bot is it does not have an upper limit but has a higher proportion of idle funds when compared to a typical grid bot.

Who is the founder of Pionex Infinity GRID Trading Bot?

The company has the MSB license from US FinCEN. As per the info on the Facebook page of the firm, the team members include Matheus Aded, Dave Yeh, Chris Costello, Christine Fish, and Josey Wyatt. The platform has more than 10k active members. 

Pionex Infinity GRID Trading Bot features

Some of the main features of the bot as per the vendor are:

  • The infinity bot capitalizes on the bull run to generate profits. For traders who do not have time to monitor the trades constantly, the long-range method of the bot is beneficial. 

  • It helps to control the risk involved. You can passively buy small amounts during a fall in the price and sell small amounts when the price increases.

  • The infinity bot works best in an uptrend or an uptrend to pump market. It can lead to losses in a bear market.

  • The bot requires a higher minimum investment when compared to a grid bot.

  • Only the lowest price limit is present for the price range.

  • The AI strategy involves backtesting annualized return of 7 days.

Deposit requirements

The minimum deposit needed is based on the coin or token you use. For instance, you need to deposit a minimum of 1 USDT for USDT TRC20 and it is 0.0001 BTC for BTC.

Pionex Infinity GRID Trading Bot fees

Transactions fees for the platform include a make fee of 0.05% and a taker fee of 0.05%. 

Withdrawal process with Pionex Infinity GRID Trading Bot

For withdrawal, the service has a minimum withdrawal limit that differs based on the token or coin you use for trading. For BTC, the minimum amount allowed is 0.001 BTC and the fee is 0.0005BTC.

How to start with Pionex Infinity GRID Trading Bot?

To use the bot, you need to follow the steps below:

  1. Visit the official site and click on the Sign-Up button

  2. Enter your phone or email address and create a password

  3. You will receive the login credentials via your email

  4. Sign in with the provided info and start using the bot for trading

Pionex Infinity GRID Trading Bot pricing

The platform offers 16 bots free of charge. Other than the transaction and withdrawal fees, the service does not charge for using the bots.

How beginner-friendly is Pionex Infinity GRID Trading Bot?

We found the official website is easy to navigate and has a simple design. Beginners will find it easy to register and use the features available on the site.

Is Pionex Infinity GRID Trading Bot safe and legit?

The company has an MSB license from the United States FinCEN which makes it a legit site for users. Further, as per the info on the official site, the company uses security methods like firewalls, physical access controls to its data centers, data encryption, and information access authorization controls.

Customer service

Unfortunately, we could not find user testimonials for this bot on reputed sites like Trustpilot. However, we found 270 user reviews for the company on the Trustpilot site with a rating of 4.2/5.

User review for Pionex Infinity GRID Trading Bot on the Trustpilot site.

User review for Pionex Infinity GRID Trading Bot on the Trustpilot site.

From the feedback, it is clear that the customer support is very good and users are satisfied with the quick response and remedial measures used by the company.

Who is Pionex Infinity GRID Trading Bot best for?

For traders who do not have time for constant monitoring of every market fluctuation, the infinity bot is ideal. It works best in a bull market ensuring better returns.

Pionex Infinity GRID Trading Bot review: Pros and cons

Pros

Cons

  • Is ideal for an uptrend market
  • Not for day traders
  • You can have better risk control
 
  • Free bot
 

Pionex Infinity GRID Trading Bot summary

Pionex Infinity GRID Trading Bot provides the advantage of making small but consistent profits with market fluctuations in an uptrend market. The Pionex platform provides a seamless environment to access the bots and trade with them. In addition to being free, the bot also helps to profit from your crypto assets in a bull market.

  • Features - 5/10
  • Ease of use - 6/10
  • Pricing - 6/10
  • Reputation - 6/10
  • Customer support - 6/10
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