★★★★☆ 4.3/5 Crypto Exchange Regulated
Phemex was founded by former Morgan Stanley executives in 2019, bringing institutional-grade infrastructure to crypto derivatives trading. Known for its lightning-fast execution (sub-millisecond) and professional trading environment, Phemex is favored by experienced traders.
Max Leverage
100x
Maker Fee
0.01%
Taker Fee
0.06%
Founded
2019
Pros & Cons
✅ Pros
- Founded by ex-Morgan Stanley team
- Sub-millisecond order execution
- Low maker fees (0.01%)
- Clean professional interface
- Premium membership with zero spot fees
- Strong security infrastructure
- Testnet for practice
❌ Cons
- Smaller trading pair selection
- Lower trading volume
- Less altcoin variety
- Not available in USA
- Fewer features than larger exchanges
Fee Structure
Maker Fee 0.01%
Taker Fee 0.06%
Interest Rate 0.01% - 0.04% daily
Liquidation Fee 0.5%
Margin Tiers
| Tier | Max Position | Max Leverage | Maintenance Margin |
|---|---|---|---|
| 1 | $50,000 | 100x | 0.5% |
| 2 | $200,000 | 50x | 1.0% |
| 3 | $1,000,000 | 25x | 2.5% |
How to Sign Up for Phemex
Click our Phemex referral link to get a trial fund
Register with email and password
Verify your email address
Complete KYC verification
Enable 2FA for security
Deposit funds via crypto or fiat
Navigate to Contract trading
Set leverage and open your first position
Phemex FAQ
Who founded Phemex?
Phemex was founded in 2019 by Jack Tao and a team of 8 former Morgan Stanley executives, bringing Wall Street expertise to crypto trading.
What is Phemex Premium?
Phemex Premium membership eliminates spot trading fees entirely and offers enhanced features for a monthly subscription fee.
⚠️ Risk Disclaimer: Margin trading on Phemex involves substantial risk. You can lose more than your initial investment. This review is for informational purposes only and does not constitute financial advice. Always do your own research before trading.