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Mizar vs Pionex: Which Platform Is The Best Copy Trading Solution For Crypto

Reviews
16-JAN-23
This image has navy blue and turquoise gradient background with small stars. It contains white text and the Mizar logo saying "the smarter way to trade crypto". The image also contains a Pionex Trade logo.

In this head-to-head article, we compare Mizar vs Pionex to understand which one is the best copy trading solution. We consider the learning curve, analyze the pricing structure, examine the feature set, evaluate the user experience, assess the customer support options offered by each platform, and more.

Mizar & Pionex At Glance

What is Mizar?

Mizar is an automated bot trading platform. Mizar offers an efficient and secure trading experience for maximum profits regardless of your experience. Unlike other automated trading platforms, Mizar offers ALL features at no extra cost. Once you sign up, you instantly get unlimited access to copy trading, paper trading, smart order & portfolio management tools, and more subscription free. No other automated trading platforms provide you with such a pricing model. 

What is Pionex?

Pionex is an automated trading software system that uses algorithms and automated trading strategies to place trades on your behalf. It interacts with exchanges to execute the trades and make your trading experience as efficient as possible. The platform can be used to set up automated trading strategies, with parameters such as entry and exit points, as well as to monitor and analyze the performance of your trades. 


Mizar vs Pionex Crypto Bot Comparison: A Quick Overview


Mizar vs Pionex Crypto Bot: Pros Compared

Mizar Crypto Bot Pros

Pionex Crypto Bot Pros

Subscription fee structure based on the volume traded, and performance fee for copy trading only. No other platform has the same fee structure. 

Complete and self-sufficient crypto exchange with a wide range of partners.

All features except copy trading are free until you reach $10,000 of traded volume per month. 

Copy trading has a performance fee traders pay based on realized monthly gross profits.

Supports leverage and associated trading tools. 

Turnkey trading automation for newbies and highly customizable features for experienced traders.

IOS/Android mobile application to automate crypto trading on the go.


Mizar vs Pionex Crypto Bot: Cons Compared

Mizar Crypto Bot Cons

Pionex Crypto Bot Cons

The token economy is in the works, meaning users can’t access staking & governance benefits as of writing.

The pricing structure better suits newbie traders, while experienced users may overpay.

Slightly limited exchange support [including 10 major exchanges like Binance, Huobi, Coinbase, Bitget etc.]

No API integration, and  no support for external crypto exchanges. You can only use a Pionex exchange account to trade 

No mobile application

No paper trading account to practice safely 


Mizar vs Pionex Crypto Bot Comparison: In-Depth View

Let’s elaborate on the feature sets to understand what differentiates Mizar and Pionex.


Mizar vs Pionex Crypto Bot Comparison: Key Features

Description

Mizar Trading Bot

Pionex Trading Bot

Unlimited Features Without Subscription

Yes

Yes

User-Friendliness

Yes

Yes

One Click Copy-Trade

Yes

No

Marketplace of Strategies

Yes

No

DCA Bots

[No Coding Required]

Yes

Yes

API Bots

Yes

No

Grid Bots

[No Coding Required]

No

Yes

Smart Trading Terminal

Yes

Yes

Pay-Per-Use Paper Trading - Unlimited

Yes

No

API & TradingView Connectivity

Yes

No

Portfolio Tracker

Yes

Yes

Positions Manager

Yes

Yes

Mizar is constantly striving to provide its users with a broad range of trading opportunities through frequent updates, partnerships, collaborations, and integrations like the recent Woo exchange and their zero-fee futures update.


Mizar Trading Bot Key Features Explained

  • Bot trading tools such as DCA, Grid (coming soon), and API bots for complete or partial automation. You don’t need any coding or trading skills to benefit from Mizar bots.

  • Copy trading tools to allow automation within a few clicks. Сomplete newbies can mirror veterans to maximize trading efficiency while skilled traders can benefit from sharing their experience with less experienced traders. 

  • Paper trading tools to help you practice in a 100% sandbox environment. Get the hang of trading and test your strategies before going real. This way any Mizar user can edge potential losses and maximize potential profits regardless of their experience.

  • Smart trading tools to manage your orders. You access tools like Stop Loss, Take Profit, Multi Take Profit, Trailing orders, DCA/Entry points, and long/short trading for better control over your orders. 

  • Portfolio management tools to manage all your crypto assets from within one place. You can use the Mizar dashboard to monitor and control your positions across exchanges. Open/close positions, top-up funds, adjust limit orders, take profits, and more. 

  • Advanced safety protocols to safeguard your assets. Mizar will never share your personal information and uses advanced encrypted API systems, TradingView webhook, and beyond to take the edge off your trading-related risks. 


Pionex Trading Bot Key Features Explained

  • Trading bot tools to allow for a smooth experience regardless of the market. The Pionex platform offers 16 built-in bots designed to optimize your trading experience. You can access bot tools, each focusing on a specific aspect of the market. Some examples include infinity grid, leveraged grid, arbitrage, and Martingale bots.

  • Smart order tools to help users control their trading orders more effectively. These tools include Take Profit, Stop-Limit, TWAP, VWAP, advanced trail orders, and charts aggregated from the TradingView engine.

  • Testing & Portfolio tools to access a safe trading environment with historical charts, where you can analyze bot trades and manage your portfolio in no time.

  • Intuitive UX/UI layout to effortlessly access all the features. The dashboard includes settings, launch panels, risk management systems, and access to trading bots and smart order tools.


Mizar vs Pionex Crypto Bot Comparison: Advanced Features

Description

Mizar Trading Bot

Pionex Trading Bot

Advanced Trading Functions 

[Stop Loss, Trailing, Multi Take Profits]

Yes

Yes

Multi-Currency Bots

Yes

Yes, for every trade you pay 0.05%

Multi-Exchange Bots

Yes

No

Multi-Subscription Bots

Yes

No

Multi-Quote Assets Supported

Yes

Yes

Multi-Markets Supported 

Yes

Yes

Mizar brings an effortless user experience to automate trading via copy trading, smart trading tools [multi-currency, multi-exchange, multi-subscription bots], portfolio tracking, and more. Pionex focuses on the crypto exchange functionality like margin trading, pushing automation features to the background. 


Mizar vs Pionex Crypto Bot Comparison: Fees And Rewards

Description

Mizar Trading Bot

Pionex Trading Bot

No Subscription Or Monthly Fees

Yes

Yes

Profit Sharing

[For Copy Trading]

Yes

No

Referral Program - Scalable, Based On Traded Volumes

Yes

No

Discounts

up to 95%

Free of charge

Free Trial

$10,000 free traded volume each month + $5 for free to trade.

Unlimited, you pay 0.05% per trade made


Mizar provides a better pricing structure 

Mizar's pricing system is called the STAR program. Every user is automatically assigned to the first level by signing up. The trading fees eventually depend on your tier. All fees except copy trading are only applicable when trading volume exceeds $10,000 per month. Copy trading requires you to pay the performance fee based on realized monthly gross profits. Learn more about fees trading on Mizar.

Beginners can take advantage of this, as they will never reach the threshold and pay no fees. Experienced traders benefit from such an optimized fee structure and discounts of up to 95% once they surpass the $10,000 volume. 


The STAR System Discounts

All Mizar users can reduce regular trading fees by 95% and copy trading fees by 50% through the STAR program. The more $MZR you stake in your M-wallet or the more your average 30 days trading volume is from the Mizar Platform, the less fees you pay.

There are different STAR levels that you can attain to reduce your Performance and Volume Fee ranging from Nebula to Black Hole. The higher your ranking, the more discounts you will get. Learn more about tiers and discounts you can get.

Pionex pricing may be disproportionate 

Pionex is cost-effective, but not equally suitable for newbies and advanced traders. Trading on the platform is free, and you get access to many features. You pay a fixed 0.05% per trade to benefit from the platform's functionality. This is good for newbies, as their trading volume is usually small, resulting in lower fees. Advanced traders, however, are more exposed to this pricing structure, as their trading volume incurs more fees.


Mizar vs Pionex Crypto Bot Comparison: Security

Automated crypto trading is associated with various risks, not all trading platforms address properly. Self-custody [FTX collapse] and security [3Commas API database leakage] are two of the most important risks you may run into when using bots, automated tools, and trading crypto in general.  

The Mizar Platform: Secure Trading Automation for Crypto

Mizar tackles both custody and security in a reliable way. First off, Mizar is a non-custodial platform, meaning you own your assets and have complete control over your crypto. As to the security features, you benefit from a web application firewall, encrypted API, advanced protection against DDoS attacks, 2FA verification, SSL/TLS encryption, and more — all to keep you protected no matter what. 

Your funds and personal data are protected by various security protocols at all times. Mizar will not disclose your information to any external parties and is continually implementing new measures to enhance security. An IP whitelisting feature is scheduled for release by the end of January.


The Pionex Exchange: Reliable Crypto Trading 

Pionex has good reviews and trackable performance history, showing that the exchange takes security seriously. The exchange keeps its funds on Binance and KuCoin, which is a sustainable way to keep backing funds safe. The MSB license from FinCEN adds to the credibility of Pionex.


Mizar vs Pionex Crypto Bot Comparison: Exchanges & Customer Support

Description

Mizar Trading Bot

Pionex Trading Bot

Supported Exchanges

11 CEX, Multiple Markets

Pionex is an exchange with built-in automated trading features

Non-Custodial API Connectivity

Yes

No

Mizar supports 10 major crypto exchanges: Huobi, KuCoin, Binance, Binance.US, OKX, Coinbase Pro, MEXC, Woo Exchange [including recent futures add-on], Bybit, Crypto.com, and Bitget. 

Pionex is a self-sufficient exchange itself, meaning you can’t connect to other exchanges. The platform collaborates with notable crypto and trading leaders, including Binance, Circle, Coin Ledger, Alchemy, and more. However, it supports no API connectivity to external crypto exchanges. 


Description

Mizar Trading Bot

Pionex Trading Bot

Customer Support

Live support 24/7, advanced help desk, and quick response time

No 24/7 live support, responses aren’t always accurate, and may take a considerable amount of time to land

Features Implementation Community Centric

Yes

No

Mizar is doing a slightly better job supporting its users compared to Pionex. Although Pionex has live support features and works across messengers, replies from customer service may take a while. 


Closing Thoughts

Although Pionex has gained a solid reputation among traders, it carries some disadvantages and lacks crucial trading automation features. Mizar, on the other hand, may have yet to be tested by time, but it brings cutting-edge pricing structure, extended blockchain benefits, and smart trading automation tools available within a few clicks.  


FAQ

What is The Best Automated Trading Software in 2023?

While the market is full of established trading platforms, the new year has brought innovative trading automation solutions like Mizar. It could be the best trading software provider due to powerful copy trading, paper trading, and smart tools functionality delivered to you at zero cost.

Do I need to program my own DCA trading bot?

While some platforms still require coding skills to launch automated trading bots, most of them require no programming background. Mizar is one of the brightest zero-code trading platforms you can rely on.

Which Exchanges Does Mizar Trading Bots Support?

As of writing, Mizar works with 11 crypto exchanges: Huobi, Bitget, KuCoin, Binance, Binance.US, OKX, Coinbase Pro, MEXC, Woo X, Bybit, and Crypto.com 

What Is The Best Copy Trading Platform?

A good copy trading platform ensures a secure and efficient trading experience regardless of your skills. Mizar is doing a great job providing tools for any traders at no cost.

What is Copy Trading?

Copy trading is a form of automated trading that allows you to copy the trading strategies of experienced traders  — they share strategies, and you follow and take profits along the way. Advanced traders get rewarded with a % of your profits or volume traded.