Pionex
Centralized exchange- Spot fee
- 0.05%
- Coins with a halal verdict
- 2
- of those listed here
- Available in
- 16 of 20
- countries we track
- Checked
- Sep 27, 2026
Reliability
4.0/ 10
Score updated
- Proof of reserves5.0
- Licences5.0
- Incident history6.0
- Segregation of funds1.0
- Insurance fund0.0
- Security practices4.0
Liberandum halal verdict
Not suitable
Pionex offers low-fee spot trading and spot grid bots, but its global platform is run by an offshore operator without a licence in the markets it serves, it has regulator warnings in Malaysia and France, and it does not disclose segregation or a protection fund. Its reliability score is below 5, so Liberandum does not recommend it for Muslim investors as of September 2026.
Use
- Spot trading and spot grid/DCA bots
- Coins rated halal on Liberandum
Avoid
- Futures, leveraged tokens, margin bots
- Dual investment, fixed savings
More details
Spot trading on Pionex settles immediately, which fits the AAOIFI requirement of hand-to-hand exchange (Shariah Standard No. 1 on currency trading and No. 20 on commodities). Spot grid and DCA bots only place spot orders, so they do not change the ruling of the underlying trades, although the user remains responsible for the coins traded. Much of the platform, however, is built around products that fail Shariah screening: futures and futures grid bots, leveraged tokens, margin-style bots, dual investment and fixed savings products that pay a pre-set yield (riba). Pionex has no Islamic account, no Shariah-certified earn product and no Shariah screening of listed tokens. Reliability is the main concern. The global site pionex.com is operated by Marketa Trading Inc., with disputes resolved by ICC arbitration in Belize; the terms of service do not claim segregation of client assets and allow custody with external providers without responsibility for their losses. Pionex offers a Merkle-tree proof of reserves; an agreed-upon-procedures review by Elite Partners and Moore was reported to show over 100 % coverage of BTC, ETH, USD and stablecoins, but no regular monthly attestation was found. Group entities hold real licences elsewhere: Pionex Inc. holds US state money-transmitter licences (NMLS 2284360) for a separate US app, and Pionew Ireland Limited is a MiCA-authorised CASP of the Central Bank of Ireland, passported to France, serving the EU under the Webot brand. At the same time, the Securities Commission Malaysia placed Pionex on its Investor Alert List (reported January 2023, listed again as at 12 January 2026), the French AMF blacklisted pionex.com on 10 April 2025, and in May 2025 Pionex Inc. signed a consent order with four US states (Nebraska, North Carolina, Ohio, South Dakota) over Funds Transfer Rule, recordkeeping and information-security failures and earlier unlicensed transmission, with a $20,000 penalty. No reserve or protection fund is disclosed. The combined reliability score is 4.0 out of 10. The global platform is closed to the US, UK, Canada, Mainland China, Hong Kong, Singapore, Netherlands, Spain, France and sanctioned countries. Users in Gulf states, Turkey, Pakistan, Indonesia and Nigeria are not on the restricted list, but no local licence was found there. Users who already hold funds on Pionex should trade only spot, avoid all yield and derivative products and keep long-term holdings in self-custody.
How to use Pionex the halal way
What is allowed and what to avoid on this exchange
- Allowed
Spot
Settles immediately; grid/DCA bots place only spot orders
- Allowed
Convert
Instant swap, settles like spot
- With care
Staking
No Shariah-certified staking
- Avoid
Savings and Earn
Dual investment, fixed savings, preset yield
- Avoid
Margin
Margin-style bots use borrowed funds
- Avoid
Futures and options
Futures and futures grid bots
- Avoid
Loans
Borrowing on interest
- Avoid
Structured products
Dual investment, preset yield
No dedicated halal product
Pionex has no Islamic (swap-free) account and no Shariah-certified earn or staking product as of September 2026. Its yield products (dual investment, fixed savings) pay a pre-set return and are not certified by any Shariah board, so they should be avoided.
No token screening
Pionex does not screen listed tokens for Shariah compliance. Its normal listing review is not a Shariah screen, so users must check each coin's status on Liberandum before buying.
Step by step
How to trade halal on Pionex
Create an account and pass KYC
Register on pionex.com (only if your country is not on the restricted list) and complete identity verification. Enable 2FA with an authenticator app.
Fund with crypto, not interest products
Pionex has limited fiat on-ramps, so most users deposit crypto from another wallet. Keep funds in the spot account and do not move them into Earn, fixed savings or dual investment, which pay a pre-set yield.
Trade on Spot only
Use Trade > Spot with full settlement. Spot grid and DCA bots are acceptable only because they place spot orders. Avoid Futures, futures grid bots, leveraged tokens and any margin or leveraged bot.
Check each coin on Liberandum
Pionex does not screen tokens for Shariah compliance. Before buying or adding a coin to a bot, check its halal status on Liberandum; avoid lending, gambling and interest-bearing tokens.
Withdraw to self-custody
Because the global operator is unlicensed and does not disclose asset segregation, keep only trading balances on Pionex and withdraw long-term holdings to your own wallet.
Availability
Where Pionex serves users and under which licence
Your country:Choose your country
- BHBahrain
- BDBangladesh
- EGEgypt
- EUEuropean Union
- IDIndonesia
- JOJordan
- KZKazakhstan
- KWKuwait
- MYMalaysia
- MAMorocco
- NGNigeria
- OMOman
- PKPakistan
- QAQatar
- SASaudi Arabia
- TRTürkiye
- AEUnited Arab Emirates
- GBUnited Kingdom
- USUnited States
- UZUzbekistan
- AFAfghanistanno data
- AXÅland Islandsno data
- ALAlbaniano data
- DZAlgeriano data
- ASAmerican Samoano data
- ADAndorrano data
- AOAngolano data
- AIAnguillano data
- AQAntarcticano data
- AGAntigua & Barbudano data
- ARArgentinano data
- AMArmeniano data
- AWArubano data
- AUAustraliano data
- ATAustriano data
- AZAzerbaijanno data
- BSBahamasno data
- BBBarbadosno data
- BYBelarusno data
- BEBelgiumno data
- BZBelizeno data
- BJBeninno data
- BMBermudano data
- BTBhutanno data
- BOBoliviano data
- BABosnia & Herzegovinano data
- BWBotswanano data
- BVBouvet Islandno data
- BRBrazilno data
- IOBritish Indian Ocean Territoryno data
- VGBritish Virgin Islandsno data
- BNBruneino data
- BGBulgariano data
- BFBurkina Fasono data
- BIBurundino data
- KHCambodiano data
- CMCameroonno data
- CACanadano data
- CVCape Verdeno data
- BQCaribbean Netherlandsno data
- KYCayman Islandsno data
- CFCentral African Republicno data
- TDChadno data
- CLChileno data
- CNChinano data
- CXChristmas Islandno data
- CCCocos (Keeling) Islandsno data
- COColombiano data
- KMComorosno data
- CGCongo - Brazzavilleno data
- CDCongo - Kinshasano data
- CKCook Islandsno data
- CRCosta Ricano data
- CICôte d’Ivoireno data
- HRCroatiano data
- CUCubano data
- CWCuraçaono data
- CYCyprusno data
- CZCzechiano data
- DKDenmarkno data
- DJDjiboutino data
- DMDominicano data
- DODominican Republicno data
- ECEcuadorno data
- SVEl Salvadorno data
- GQEquatorial Guineano data
- EREritreano data
- EEEstoniano data
- SZEswatinino data
- ETEthiopiano data
- FKFalkland Islands (Islas Malvinas)no data
- FOFaroe Islandsno data
- FJFijino data
- FIFinlandno data
- FRFranceno data
- GFFrench Guianano data
- PFFrench Polynesiano data
- TFFrench Southern Territoriesno data
- GAGabonno data
- GMGambiano data
- GEGeorgiano data
- DEGermanyno data
- GHGhanano data
- GIGibraltarno data
- GRGreeceno data
- GLGreenlandno data
- GDGrenadano data
- GPGuadeloupeno data
- GUGuamno data
- GTGuatemalano data
- GGGuernseyno data
- GNGuineano data
- GWGuinea-Bissauno data
- GYGuyanano data
- HTHaitino data
- HMHeard & McDonald Islandsno data
- HNHondurasno data
- HKHong Kongno data
- HUHungaryno data
- ISIcelandno data
- INIndiano data
- IRIranno data
- IQIraqno data
- IEIrelandno data
- IMIsle of Manno data
- ILIsraelno data
- ITItalyno data
- JMJamaicano data
- JPJapanno data
- JEJerseyno data
- KEKenyano data
- KIKiribatino data
- KGKyrgyzstanno data
- LALaosno data
- LVLatviano data
- LBLebanonno data
- LSLesothono data
- LRLiberiano data
- LYLibyano data
- LILiechtensteinno data
- LTLithuaniano data
- LULuxembourgno data
- MOMacaono data
- MGMadagascarno data
- MWMalawino data
- MVMaldivesno data
- MLMalino data
- MTMaltano data
- MHMarshall Islandsno data
- MQMartiniqueno data
- MRMauritaniano data
- MUMauritiusno data
- YTMayotteno data
- MXMexicono data
- FMMicronesiano data
- MDMoldovano data
- MCMonacono data
- MNMongoliano data
- MEMontenegrono data
- MSMontserratno data
- MZMozambiqueno data
- MMMyanmar (Burma)no data
- NANamibiano data
- NRNauruno data
- NPNepalno data
- NLNetherlandsno data
- NCNew Caledoniano data
- NZNew Zealandno data
- NINicaraguano data
- NENigerno data
- NUNiueno data
- NFNorfolk Islandno data
- KPNorth Koreano data
- MKNorth Macedoniano data
- MPNorthern Mariana Islandsno data
- NONorwayno data
- PWPalauno data
- PSPalestineno data
- PAPanamano data
- PGPapua New Guineano data
- PYParaguayno data
- PEPeruno data
- PHPhilippinesno data
- PNPitcairn Islandsno data
- PLPolandno data
- PTPortugalno data
- PRPuerto Ricono data
- RERéunionno data
- RORomaniano data
- RURussiano data
- RWRwandano data
- WSSamoano data
- SMSan Marinono data
- STSão Tomé & Príncipeno data
- SNSenegalno data
- RSSerbiano data
- SCSeychellesno data
- SLSierra Leoneno data
- SGSingaporeno data
- SXSint Maartenno data
- SKSlovakiano data
- SISloveniano data
- SBSolomon Islandsno data
- SOSomaliano data
- ZASouth Africano data
- GSSouth Georgia & South Sandwich Islandsno data
- KRSouth Koreano data
- SSSouth Sudanno data
- ESSpainno data
- LKSri Lankano data
- BLSt. Barthélemyno data
- SHSt. Helenano data
- KNSt. Kitts & Nevisno data
- LCSt. Luciano data
- MFSt. Martinno data
- PMSt. Pierre & Miquelonno data
- VCSt. Vincent & Grenadinesno data
- SDSudanno data
- SRSurinameno data
- SJSvalbard & Jan Mayenno data
- SESwedenno data
- CHSwitzerlandno data
- SYSyriano data
- TWTaiwanno data
- TJTajikistanno data
- TZTanzaniano data
- THThailandno data
- TLTimor-Lesteno data
- TGTogono data
- TKTokelauno data
- TOTongano data
- TTTrinidad & Tobagono data
- TNTunisiano data
- TMTurkmenistanno data
- TCTurks & Caicos Islandsno data
- TVTuvaluno data
- UMU.S. Outlying Islandsno data
- VIU.S. Virgin Islandsno data
- UGUgandano data
- UAUkraineno data
- UYUruguayno data
- VUVanuatuno data
- VAVatican Cityno data
- VEVenezuelano data
- VNVietnamno data
- WFWallis & Futunano data
- EHWestern Saharano data
- YEYemenno data
- ZMZambiano data
- ZWZimbabweno data
- Country not found
Choose your country to see availability
Available in United Arab Emirates
- Licence
- No local licence found; served by Marketa Trading Inc. (global operator). No VARA or ADGM authorisation found.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Saudi Arabia
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Qatar
- Licence
- No local licence; served by Marketa Trading Inc. Qatar Central Bank does not license crypto exchanges.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Kuwait
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Bahrain
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Oman
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Jordan
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Egypt
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Morocco
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Türkiye
- Licence
- No local licence; no Capital Markets Board (SPK) authorisation found.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Indonesia
- Licence
- No local licence; no OJK registration found.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Restricted in Malaysia
- Licence
- No local licence. Pionex is on the Securities Commission Malaysia Investor Alert List (reported January 2023; listed as at 12 January 2026) for unlicensed activity.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Pakistan
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Bangladesh
- Licence
- No local licence; served by Marketa Trading Inc. Bangladesh Bank does not recognise crypto trading.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Kazakhstan
- Licence
- No local licence; no AIFC authorisation found.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Uzbekistan
- Licence
- No local licence; served by Marketa Trading Inc.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Available in Nigeria
- Licence
- No local licence; no Nigerian SEC registration found.
- KYC
- Identity verification (KYC) required for full access; exact tiers not confirmed
Not available in United Kingdom
- Licence
- United Kingdom is on the Pionex restricted-jurisdictions list.
- KYC
- Not applicable
Restricted in United States
- Licence
- pionex.com is closed to US persons. A separate US app is run by Pionex Inc. (NMLS 2284360) under state money-transmitter licences; May 2025 consent order with four states.
- KYC
- Full KYC required on the separate US app
- Local currency
- USD via the separate US app (details not confirmed)
Restricted in European Union
- Licence
- EU users are served by Pionew Ireland Limited (Webot brand), a MiCA-authorised CASP of the Central Bank of Ireland (passported to France from December 2025). pionex.com lists France, Spain and the Netherlands as restricted.
- KYC
- Full KYC required under MiCA
- Local currency
- EUR on the Webot EU service (details not confirmed)
- AEUnited Arab EmiratesAvailable
No local licence found; served by Marketa Trading Inc. (global operator). No VARA or ADGM authorisation found.
- SASaudi ArabiaAvailable
No local licence; served by Marketa Trading Inc.
- QAQatarAvailable
No local licence; served by Marketa Trading Inc. Qatar Central Bank does not license crypto exchanges.
- KWKuwaitAvailable
No local licence; served by Marketa Trading Inc.
- BHBahrainAvailable
No local licence; served by Marketa Trading Inc.
- OMOmanAvailable
No local licence; served by Marketa Trading Inc.
- JOJordanAvailable
No local licence; served by Marketa Trading Inc.
- EGEgyptAvailable
No local licence; served by Marketa Trading Inc.
- MAMoroccoAvailable
No local licence; served by Marketa Trading Inc.
- TRTürkiyeAvailable
No local licence; no Capital Markets Board (SPK) authorisation found.
- IDIndonesiaAvailable
No local licence; no OJK registration found.
- MYMalaysiaRestricted
No local licence. Pionex is on the Securities Commission Malaysia Investor Alert List (reported January 2023; listed as at 12 January 2026) for unlicensed activity.
- PKPakistanAvailable
No local licence; served by Marketa Trading Inc.
- BDBangladeshAvailable
No local licence; served by Marketa Trading Inc. Bangladesh Bank does not recognise crypto trading.
- KZKazakhstanAvailable
No local licence; no AIFC authorisation found.
- UZUzbekistanAvailable
No local licence; served by Marketa Trading Inc.
- NGNigeriaAvailable
No local licence; no Nigerian SEC registration found.
- GBUnited KingdomUnavailable
United Kingdom is on the Pionex restricted-jurisdictions list.
- USUnited StatesRestricted
pionex.com is closed to US persons. A separate US app is run by Pionex Inc. (NMLS 2284360) under state money-transmitter licences; May 2025 consent order with four states.
- EUEuropean UnionRestricted
EU users are served by Pionew Ireland Limited (Webot brand), a MiCA-authorised CASP of the Central Bank of Ireland (passported to France from December 2025). pionex.com lists France, Spain and the Netherlands as restricted.
Presence by country
- AEUnited Arab EmiratesNot on restricted list; no VARA, ADGM FSRA or SCA authorisation found.Available
- SASaudi ArabiaNot on restricted list; no local licence.Available
- TRTürkiyeNot on restricted list; no Capital Markets Board (SPK) authorisation found.Available
- IDIndonesiaNot on restricted list; no OJK registration found.Available
- MYMalaysiaOn Securities Commission Malaysia Investor Alert List (January 2023, January 2026); not an SC-registered exchange.Restricted
- PKPakistanNot on restricted list; no local licence.Available
- NGNigeriaNot on restricted list; no Nigerian SEC registration found.Available
- EGEgyptNot on restricted list; no local licence.Available
Reliability in detail
Overall 4.0 of 10
Proof of reserves
5.0Merkle-tree proof of reserves with an open-source verifier on GitHub. An agreed-upon-procedures review by Elite Partners and Moore reportedly found over 100 % coverage of BTC, ETH, USD and stablecoins; report date and scope could not be read. No regular monthly attestation found as of September 2026.
Licences
5.0Pionex Inc.: US state money-transmitter licences, NMLS 2284360 (separate US app). Pionew Ireland Limited: MiCA CASP, Central Bank of Ireland (EU, Webot brand). The global operator Marketa Trading Inc. holds no licence found in the markets it serves; SC Malaysia and AMF France have issued warnings.
Incident history
6.0No confirmed hack with unreimbursed customer losses found. Regulatory actions: SC Malaysia Investor Alert List (January 2023, January 2026), AMF France blacklist of pionex.com (10 April 2025), and a May 2025 consent order of four US states with Pionex Inc. (Funds Transfer Rule, recordkeeping, information security, earlier unlicensed transmission; $20,000 penalty).
Segregation of funds
1.0The global terms of service do not claim segregation of client assets and state the operator is not responsible for losses at external custody providers. No independent confirmation of segregation found.
Insurance fund
0.0No insurance or user protection fund disclosed.
Security practices
4.02FA (authenticator app, SMS or email) and a 72-hour withdrawal lock after 2FA changes. Cold-storage share and external security audits (SOC 2, ISO 27001) not disclosed.
Fees
Spot trading, deposits and withdrawals
Spot trading
0.05% maker · 0.05% taker
Flat 0.05 % spot fee for makers and takers without a token discount; VIP tiers go down to 0.01 % maker. Bots use the same spot fee.
Deposits
Crypto deposits are free. Direct fiat deposit options are limited; most users fund with crypto.
Withdrawals
Crypto withdrawals carry only the network fee shown before confirmation. A 72-hour withdrawal lock applies after changing 2FA settings.
Halal coins you can buy on Pionex
Coins with a halal verdict listed on this exchange
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