Phemex Review 2026
Speed TradingThe Fastest Crypto Derivatives Exchange
4.2(2,847 reviews)
Updated March 2026 Founded 2019 Singapore5M+ registered users
0.01% maker fee
Sub-ms execution
Founded 2019
Overview
Phemex has built a strong reputation as one of the fastest and most affordable crypto derivatives exchanges since launching in 2019. Founded by a team of ex-Morgan Stanley engineers in Singapore, it offers sub-millisecond order execution, a zero-fee spot trading model for premium members, and competitive 0.01% maker fees on futures. With 100x leverage, 160+ perpetual pairs, and a clean professional interface, Phemex is the preferred choice for algorithmic traders and professionals who demand speed without sacrificing reliability.
Pros & Cons
Pros
- Sub-millisecond order execution — fastest matching engine available
- 0.01% maker fee — one of the lowest in the industry
- Zero spot trading fees for premium members
- No KYC required with zero minimum deposit
- $6,050 new user welcome bonus
- Clean professional interface favored by algorithmic traders
Cons
- No options trading available
- 100x max leverage lower than MEXC (200x) or Bybit (125x)
- Smaller pair selection (160+) vs major competitors
- No copy trading feature available
Detailed Score Breakdown
Security
8.5
Fees
9.0
Features
8.2
Liquidity
7.8
Mobile App
8.6
Education
7.5
Overall Score8.3/10
Fee Structure
| Spot Maker | 0.00% |
| Spot Taker | 0.05% |
| Futures Maker | 0.01% |
| Futures Taker | 0.06% |
| BTC Withdrawal | 0.0003 BTC |
| Funding Rate | 0.01% / 8h |
Quick Stats
Overall Rating4.2/5.0
Maker Fee0.01%
Taker Fee0.06%
Max Leverage100x
24h Volume$1.8B
Min Deposit$0
Total Users5M+
KYC RequiredNo
Features
Futures Trading
Options Trading
Copy Trading
Mobile App
API Access
Demo Account
No KYC Option
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