Head-to-head
Binance vs. Phemex
Data as of Oct 31, 2026
| Criterion | ||
|---|---|---|
| Score | 94.7Best | 86.5 |
| Regulation | VARA | FinCEN-MSB |
| Trading Cost | 0.2 %Best | 0.2 %Best |
| Spread | 0.0013 bpsBest | 0.0013 bpsBest |
| Reported 24h Volume | $3.4BBest | $538.8M |
| Market Breadth | 3,742 marketsBest | 1,019 markets |
FAQ
Frequently Asked Questions
Which broker scores higher, Binance or Phemex?
Binance scores higher: 94.7 vs. 86.5 for Phemex.
Which broker has the lower trading costs, Binance or Phemex?
For trading costs, Binance shows 0.2 % and Phemex shows 0.2 %.
Which broker has the narrower spread, Binance or Phemex?
For the spread, Binance shows 0.0013 bps and Phemex shows 0.0013 bps.
Which broker has the higher reported 24h volume, Binance or Phemex?
Binance has the higher reported 24h volume: $3.4B vs. $538.8M for Phemex.
Which broker offers the greater market breadth, Binance or Phemex?
Binance offers the greater market breadth: 3,742 markets vs. 1,019 markets for Phemex.
Is Binance regulated?
Binance is regulated by VARA.
Is Phemex regulated?
Phemex is regulated by FinCEN-MSB.