Margin GRID Bot is a bot that is suitable for different types of markets like fluctuating, downtrending, and uptrending. The developer behind that system claims that you can make both trending and arbitrage money with this bot. In this review, we are going to analyze its different aspects.
First Margin GRID Bot quick summary
|In-built crypto exchange||No demo account|
|Low trading fee|
|Mobile app available|
|Ease of Investment:||5/5|
What is Margin GRID Bot?
It is an automated crypto trading launched by the Pionex team. It helps you execute the grid strategy by mortgaging your funds for borrowing another instrument. When the value of an asset is rising, you can mortgage it to borrow another asset and the borrowed asset to generate profits. Due to the rise in value, the mortgaged asset won’t be sold while the borrowed asset earns gains.
How does Margin GRID Bot generate profits?
This system has multiple parameters like upper price, lower price, grids, margin, leverage setting, borrowable fund, daily interest, and liquidation price.
You define the limits of the interval by setting the upper and lower prices. When the asset’s value crosses the limits, the bots will stop trading. To divide the price into multiple portions, you can use the grids parameter. From the leverage setting, you can adjust how much leverage you wish to trade with. You will be able to see the maximum amount of money you can borrow, as well as the live interest rate. Once the value sinks to the liquidation level, the robot will forcefully liquidate the assets to mitigate risk.
In the advanced settings section, you can set the trigger price for the robot. This prompts the system to create the robot once the asset’s price reaches a certain value. There are two grid modes you can utilize, namely arithmetic and geometric. For the first option, the grid size will increase in arithmetic progression while selecting the second option leads to increasing grid size based on geometric progression.
Safety and security
This system has the license to operate in sixteen different states in the USA. There is no danger of losing your funds since the platform has the backing of reputed companies like ZhenFund, Shunwei Capital, and Gaorong Capital. If you wish to add another layer of security, you can enable two-factor authentication. A unique code will be sent to your phone every time you log in. Therefore, even if someone manages to get hold of your password, they won’t be able to access your data.
How Margin GRID Bot’s pricing works
There are subscription plans for this robot and you can use it for free. No hidden fees are involved and all you need to pay is the 0.05% maker and taker fee for each trade.
There are external exchanges supported by this robot. All trades are conducted through the Pionex exchange. This saves you the trouble of opening an exchange account and incurring additional exchange fees.
How long has Margin GRID Bot been in business?
The parent company behind this system, Pionex, was launched in 2019. The headquarters of this company is based in Singapore. Daniel Seng-Cheng Yeo is the global CEO of the company and he has several years of experience in the finance industry.
How to get started with Margin GRID Bot?
The first step is to register on the official website. You have the option of registering using your phone or email id. When you access the trading terminal after logging in, you can find the bot located on the right side of the panel. To modify the parameter settings, you need to click on the CREATE button.
Support is available via live chat and email. You can check the announcements page for all the latest updates related to crypto. There is an FAQ section where you can find the answer to all your queries and a blog section that contains further information on the bot. You can also check out the tutorial video on YouTube and be a part of the community on platforms like Twitter, Telegram, Discord, and Facebook.
Margin GRID Bot is an excellent trading system that can be used in different trading scenarios. The vendor offers this bot for free and you only need to pay a small trading fee for each trade. Support is available via multiple mediums and the parent company has a stellar reputation in the industry.