BingX

3.6(650)

Various

Phemex

3.6(550)

Various

BingX vs Phemex

Head-to-Head Comparison 2026

Our Verdict

BingX offers 6 instrument types, while Phemex offers 5. BingX has been in the market since 2018, making it the more experienced provider.

Comparison Table

Criteria	BingX	Phemex
Rating	3.6/5 (650 reviews)	3.6/5 (550 reviews)
Regulation	Various	Various
Fees	0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%	0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%
Min. Deposit	0 $	0 $
Instruments	Bitcoin, Ethereum, Altcoins, Futures, Copy Trading, Grid Bots	Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot
Platforms	BingX Web, BingX App	Phemex Web, Phemex App
Options Trading	No	No
Founded	2018	2019
Headquarters	Singapore	Singapore

Detailed Comparison

Fee Comparison

BingX: 0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%. Minimum deposit: 0 $.

Phemex: 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. Minimum deposit: 0 $.

Product Range

BingX (6 categories)

BitcoinEthereumAltcoinsFuturesCopy TradingGrid Bots

Phemex (5 categories)

BitcoinEthereumAltcoinsPerpetual FuturesSpot

Trading Platforms

BingX

BingX Web
BingX App

Phemex

Phemex Web
Phemex App

Regulation & Security

BingX is regulated by Various (HQ: Singapore).

Phemex is regulated by Various (HQ: Singapore).

Who Is It For?

BingX

Social trading crypto exchange with copy trading and grid bots

✓ Integrated copy trading with top traders

✓ Grid trading bots for automated trading

✓ User-friendly interface

✗ Offshore regulation without EU license

✗ Lower liquidity than top exchanges

Phemex

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

✓ Fast order execution (under 1ms)

✓ Founded by former Morgan Stanley executives

✓ Low futures fees

✗ No EU regulation, offshore domicile

✗ High loss risk with 100x leverage

Frequently Asked Questions

Is BingX or Phemex cheaper?

BingX charges 0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%. Phemex charges 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. The minimum deposit is 0 $ at BingX and 0 $ at Phemex.

Which broker offers more products: BingX or Phemex?

BingX offers Bitcoin, Ethereum, Altcoins, Futures, Copy Trading, Grid Bots. Phemex offers Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot.

Which broker is better regulated?

BingX is regulated by Various. Phemex is regulated by Various.

Is BingX or Phemex better for beginners?

BingX has a minimum deposit of 0 $ and offers BingX Web, BingX App as platforms. Phemex has a minimum deposit of 0 $ and offers Phemex Web, Phemex App. BingX has the lower entry barrier.

BingX vs Phemex: Which broker is better overall?

The choice between BingX (3.6/5, 650 reviews) and Phemex (3.6/5, 550 reviews) depends on your needs. BingX: Social trading crypto exchange with copy trading and grid bots. Phemex: Crypto derivatives exchange with spot trading and up to 100x leverage.

BingX

Social trading crypto exchange with copy trading and grid bots

Open Account →

From 0 $ min. deposit

Phemex

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

Open Account →

From 0 $ min. deposit

BingX read review →Phemex read review →