ℹ️
Affiliate Disclosure
This page contains affiliate links. When you sign up or make a purchase through these links, we may earn a commission at no additional cost to you. This helps us maintain and improve HodlChecker. We only recommend platforms we trust and believe provide value to our readers.
Get up to $8,800 Welcome Rewards with Phemex
Get up to $8,800 in welcome rewards
4
+Pros
- Very low contract fees (0.01% maker)
- Founded by ex-Morgan Stanley professionals
- Up to 100x leverage on perpetual futures
- Copy trading
- Premium member benefits
- Market maker rebate program (up to 0.005%)
−Cons
- January 2025 hack ($69-85M losses, covered by platform)
- Largely unregulated
- UK FCA warning issued
- Limited regulatory compliance vs major exchanges
- Security incident raises concerns
Features
Spot tradingSpot trading
Perpetual futures (up to 100x)Perpetual futures (up to 100x)
Margin trading (5x)Margin trading (5x)
Copy tradingCopy trading
Trading botsTrading bots
Earn productsEarn products
Premium membership programPremium membership program
Market Maker Incentive ProgramMarket Maker Incentive Program
Fee Structure
Trading Fee0.1% maker / 0.1% taker (spot); 0.01% maker / 0.06% taker (contracts); drops to 0.05%/0.06% with premium membership
Withdrawal FeeVaries by cryptocurrency
Deposit FeeFree for crypto deposits
Signup Bonus
Up to $6,050 (official); up to $15,000 with Rewards Hub tasks
Register, complete KYC, deposit, and complete trading tasks. Most tasks must be completed within 7 days of registration. Includes trial funds and cashback vouchers. Vouchers valid for 14 days.
Expert Verdict
Phemex is a Singapore-founded cryptocurrency exchange (2019) built by ex-Morgan Stanley executives. It offers spot and contract trading with competitive fees, particularly for derivatives (0.01% maker). However, it remains largely unregulated globally and suffered a $69-85M hack in January 2025.
*Terms & Conditions: You will be required to verify your identify via a process called KYC, deposit funds and conduct a trade to be eligible for this reward.
