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Crypto Broker

Phemex

FinCEN-MSB

Key figures

The key figures at a glance

Data status is shown on every figure.

Trading Cost
0.2 %
Measured/verifiedas of Oct 21, 2026
Spread
0.2889 bps
Measured/verifiedas of Oct 21, 2026
Reported 24h Volume
$729.2M
Measured/verifiedas of Oct 21, 2026
Market Breadth
1,018 markets
Measured/verifiedas of Oct 21, 2026

In detail

Costs & market data

Spot Maker Fee
0.1 %Measured/verifiedas of Oct 21, 2026
Spot Taker Fee
0.1 %Measured/verifiedas of Oct 21, 2026

BROKR assessment

What stands out at Phemex

  1. 01Spread: 0.2889 bps · 97 out of 100
  2. 02Trading Cost: 0.2 % · 96 out of 100
  3. 03Weakest criterion: Reported 24h Volume at 68 out of 100
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Agent access

Phemex advertises a remotely-operable interface with no locally-running companion software, per the provider's own documentation. We have not tested this ourselves yet.

Source: ccxt 4.5.62 — phemex

as of Aug 5, 2026

Regulation

  • FinCEN-MSB — US federal registration as a Money Services Business, required for crypto exchanges operating in the US

    phemex ltd

    Registration number: 31000318334238

    Register: FinCEN MSB registrant search

    Last checked: Oct 20, 2026

Alternatives

Alternatives to Phemex

The four crypto brokers closest in BROKR Score

WhiteBIT 87.6 Very Good Trading Cost 0.2 % Phemex vs WhiteBIT BingX 88.1 Very Good Trading Cost 0.2 % Phemex vs BingX Bybit 89.1 Very Good Trading Cost 0.2 % Phemex vs Bybit Poloniex 84.8 Very Good Trading Cost 0.4 % Phemex vs Poloniex
All 22 comparisons with Phemex
vs Binance 98.2vs Bitget 96.8vs Bitrue 94.6vs WEEX 94.3vs LBank 92.6vs OKX 92.2vs Gate.io 91.9vs MEXC 91.3vs HTX 89.4vs KuCoin 89.4vs Bybit 89.1vs BingX 88.1vs WhiteBIT 87.6vs Poloniex 84.8vs Kraken 80.3vs Crypto.com 79.9vs Bitunix 78.5vs Coinbase 77.9vs Bitstamp 68.5vs Upbit 63.5vs Bitvavo 57.8vs Backpack 54.0

FAQ

Frequently Asked Questions

Is Phemex regulated?

Phemex is regulated by FinCEN-MSB.

Can Phemex be reached by an automated agent through an API?

Phemex advertises a remotely-operable interface with no locally-running companion software, per the provider's own documentation. We have not tested this ourselves yet.

What is the BROKR score for Phemex?

Phemex has a BROKR score of 87.0 (Very Good). The score is calculated from objective data including trading costs, regulation, and available instruments.

What are the trading costs at Phemex?

The trading costs at Phemex are 0.2 %.

How wide is the spread at Phemex?

The spread at Phemex is 0.2889 bps.

How large is the reported 24h volume at Phemex?

The reported 24h volume at Phemex is $729.2M.

What market breadth does Phemex offer?

Market breadth at Phemex is 1,018 markets.