Pionex Infinity GRID Trading Bot is a modified version of the Grid Trading Bot launched by Pionex. On the official website, the vendor has made the claim that this crypto bot lets you purchase low and sell high on a 24/7 basis and ensures the integrity of the assets even when the market is volatile. In this Pionex Infinity GRID Trading Bot review, we will look into what the system offers and will try to determine whether it is a worthwhile investment.
Pionex is a private company that is based in Singapore. The vendor has not shared any official contact information on the website. However, there is a Telegram channel that you can join to know more about the trading operations. We know nothing about this company’s background and service history, and this immediately makes it risky to purchase this trading system.
Pionex Infinity GRID Trading Bot overview
The presentation on the website instructs the trader on how to start placing trades using this platform. We have the explanations for the different settings along with an example of an order. The vendor has also shared a list of trading parameters and some blog posts related to the bot. They haven’t highlighted any features in particular and this makes us think that the system does not have anything special to offer.
While working with this crypto bot, you have the option of choosing between a manual trading scheme and one powered by Artificial Intelligence. If you select the first option, you need to select certain trading figures like the minimum price, net deposit, and the gain percentage for each grid. If the value sinks beneath the lowest price, the bot ceases trading. Every trader needs to enter the size of each individual grid.
In case you select the Artificial Intelligence trading scheme you have to work with the parameters suggested by the system. The bot calculates these parameters using backtesting data for the past 30 days. Here, the gain for each grid is 0.6% and the lowest price depends on the amount invested by the user.
The idea behind Pionex Infinity GRID Trading Bot
Cryptocurrency is a new way of conducting transactions since it removes the intermediary body between the two parties. It is predicted that this technology will replace the conventional banking system sometime in the future. As such, many crypto traders look for mission statements before investing in a trading platform. They reveal the company’s future plans and goals. Unfortunately, the vendor has not shared any such statement on the official website of this crypto bot.
The core team
There is no available information on the core team members of this crypto bot. Most traders want to make sure the operations of the platform are handled by experienced personnel. This creates some serious transparency issues and raises questions about the system’s reliability.
Safety of Pionex Infinity GRID Trading Bot and the network
Every crypto trading platform needs to have adequate security features to protect sensitive user data as well as funds. Users do not feel comfortable signing up on a platform that does not have encryptions and other advanced security functionalities. Since there is no data available on the security functionalities of Pionex Infinity GRID Trading Bot, we can’t determine whether it is a safe trading system.
The vendor recommends initiating trades with the bot when the market price for a crypto asset starts showing a bullish trend. They claim that this enables users to use the bot efficiently for a long time. Of course, we don’t have any actual evidence for this.
We were unable to find any user reviews for this crypto bot on third-party review websites. It does not exactly have a stellar reputation and not many crypto enthusiasts are aware of its existence. This makes it an even riskier investment.
Is Pionex Infinity GRID Trading Bot a legit investment service?
Our verdictOur verdict
- Two different trading modes
- Advanced security features not available
- No user reviews
- No information on core team members