Phemex

3.6(550 reviews)

Crypto derivatives exchange with spot trading and up to 100x leverage

Various RegulatedSince 2019

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 $

Min. Deposit

Instruments

Various

Regulation

Platforms

Key Features

Bitcoin

Bitcoin trading available

Ethereum

Ethereum trading available

Altcoins

Altcoins trading available

Perpetual Futures

Perpetual Futures trading available

Spot

Spot trading available

Phemex Web

Trading Platform

Phemex App

Trading Platform

Advantages

Fast order execution (under 1ms)
Founded by former Morgan Stanley executives
Low futures fees
Testnet for risk-free practice

Disadvantages

No EU regulation, offshore domicile
High loss risk with 100x leverage
Lower liquidity than top exchanges

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Phemex

Phemex was founded in 2019 in Singapore by former Morgan Stanley executives. The platform positions itself as a professional crypto derivatives exchange focused on ultra-fast order execution and low fees. The founding team's background in traditional finance is reflected in the quality of the trading infrastructure. Phemex's main feature is its extremely fast order execution under one millisecond, making the platform particularly attractive to active traders. Phemex offers both spot trading and perpetual futures with up to 100x leverage. Futures fees are very competitive at 0.01% maker and 0.06% taker. Phemex also provides a testnet where users can trade with play money and test strategies risk-free. The platform targets experienced crypto traders who value fast execution and professional trading tools. However, EU regulation does not exist.

Phemex FAQ

Who is behind Phemex?

Phemex was founded by Jack Tao and other former Morgan Stanley executives. The team brings years of experience from the traditional financial sector, reflected in the professional trading infrastructure.

What is the Phemex Testnet?

The Phemex Testnet is a practice environment where users can trade with virtual money. It replicates the real trading platform and enables risk-free testing of strategies and familiarization with the platform before live trading.

How fast is order execution at Phemex?

Phemex reports order execution times of under one millisecond. This speed is achieved through a proprietary matching engine capable of processing up to 300,000 transactions per second.

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