Pionex Leveraged GRID Bot is a crypto robot that promises to increase your profits by amplifying your investment using the power of leverage. According to the seller, this is a highly advanced trading scheme that is based on the grid bot. However, before arriving at a final verdict about this system in our Pionex Leveraged GRID Bot review, we must analyze its various aspects to see whether it meets the market standards.
Looking at the official website, the lack of vendor transparency is quite obvious. We don’t know where the parent company, Pionex, is located. Moreover, there are no contact details, and this means a customer will have a hard time getting in touch with customer support. There is an official Telegram channel, however, but this seems to be the only available mode of communication.
Leveraged GRID Bot overview
First, the vendor has given us a brief overview of the bot and how it functions. We also have a detailed explanation of the settings and the parameters. Additionally, there is an FAQ section and another section detailing the trading precautions. Finally, there are a few links to blog posts related to this robot. Instead of highlighting any particular feature, the vendor has instead focused on the workings of the system, so we don’t think this bot has anything special to offer.
When you invest money into this bot, it multiplies the invested amount by 3, loaning you the rest. The profit is generated using the multiplied balance, and the vendor claims this lets the system generate 3 times the gain. Every time, the robot will deduct the interest from the unrealized profit amount.
While trading with this robot, you need to specify the upper and lower prices. Once the price rises above the upper limit or falls below the lower limit, the bot will cease trading. Using the grid system, you can divide the upper and lower prices into shares.
Leveraged GRID Bot lets you use an order limit price in order to control the slippage in a volatile market. You can set a trigger price that will prompt the bot to open a new order. It is also possible to create a take profit price while trading. Other advanced controls include the price interval per grid for the Arithmetic mode and the price range per grid for the Geometric mode.
The idea behind Leveraged GRID Bot
Reputable vendors often share mission statements on their official websites. It tells the customers what the company is building towards. Many people believe in investing responsibly and members of the crypto community especially look to sign up with a company that has a greater purpose. Unfortunately, we don’t have any such statement available for this crypto bot.
We don’t know the names of the Pionex employees who developed this particular trading bot. Nowhere on the official website can you find any sort of information related to the team members. We don’t think this is a sign of reliability.
Safety of Leveraged GRID Bot and the network
No sensible crypto trader will invest in a bot without learning about the security features first. It is odd that the vendor has chosen not to mention what kind of safety features are installed in this robot. As such, we don’t feel like you can completely trust this system with your investment.
You can view the currently available amount in the fund pool. If you don’t have the minimum amount, you won’t be able to initiate an order. The leverage will be computed based on the interest rate for the day. To initiate the liquidation operation, you need to set the liquidation price in the bot settings.
Currently, there are no reviews for this robot on trusted third-party websites. The lack of reputation is very clear, and this is yet another reason why we cannot recommend this system to traders.
Is Leveraged GRID Bot a legit investment service?
Our verdictOur verdict
- Free trading bot
- Lack of vendor transparency
- Advanced security features are not available
- No customer reviews