MEXC
Various
Phemex
Various
MEXC vs Phemex
Head-to-Head Comparison 2026
Our Verdict
Phemex has a higher rating of 3.6/5 compared to MEXC (3.5/5). MEXC has been in the market since 2018, making it the more experienced provider.
Comparison Table
| Criteria | MEXC | Phemex |
|---|---|---|
| Rating | 3.5/5 (750 reviews) | 3.6/5 (550 reviews)✓ |
| Regulation | Various | Various |
| Fees | 0% Maker / 0% Taker (Spot promo), Futures 0.01% / 0.04% | 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06% |
| Min. Deposit | 0 $ | 0 $ |
| Instruments | Bitcoin, Ethereum, Altcoins, Futures, Launchpad-Token | Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot |
| Platforms | MEXC Web, MEXC App | Phemex Web, Phemex App |
| Options Trading | No | No |
| Founded | 2018 | 2019 |
| Headquarters | Seychelles | Singapore |
Detailed Comparison
Fee Comparison
MEXC: 0% Maker / 0% Taker (Spot promo), Futures 0.01% / 0.04%. Minimum deposit: 0 $.
Phemex: 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. Minimum deposit: 0 $.
Product Range
MEXC (5 categories)
Phemex (5 categories)
Trading Platforms
MEXC
- MEXC Web
- MEXC App
Phemex
- Phemex Web
- Phemex App
Regulation & Security
MEXC is regulated by Various (HQ: Seychelles).
Phemex is regulated by Various (HQ: Singapore).
Who Is It For?
MEXC
Crypto exchange with 0% spot fees and huge token selection
✓ No spot trading fees (Maker & Taker 0%)
✓ Over 2,300 cryptocurrencies listed
✓ Early access to new tokens via Launchpad
✗ No EU regulation, offshore domicile
✗ Many listed tokens with low liquidity
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 MEXC or Phemex cheaper?
Which broker offers more products: MEXC or Phemex?
Which broker is better regulated?
Is MEXC or Phemex better for beginners?
MEXC vs Phemex: Which broker is better overall?
Phemex
Crypto derivatives exchange with spot trading and up to 100x leverage
Open Account →From 0 $ min. deposit