Phemex scored 88/100 on our review matrix and we rate the exchange at an A+ rating.
Phemex is a new exchange launched in the last 12 months and will require some time to catch up with the bigger players in the derivatives markets. One of the ways it can do this is to continue adding new markets such as the gold markets.
The platform delivers a simple, reliable trading experience for users and by facilitating a fiat gateway, it means they can increase their adoption among users.
The Phemex team are very transparent and have a high level of experience in the legacy financial markets.
- Experienced team
- Innovative markets
- Easy to use platform
- Mandatory 2FA required for allowing any withdrawal
- No KYC
- Instant support
- Option for monthly fee and 0% trading fees on spot markets
- Mobile apps
- New exchange
- Competing against established large players in both spot and derivative markets
- Add new markets
- The risk of regulation
- Constant risk of an exchange hack
The content provided in this review is for educational and informative purposes only. You should
not construe any such information on this review as legal, tax, investment, or financial advice.
If you like a review on our site and you sign up via our link, we may receive a small commission at no cost to you. All commission generated is used for the development of the website and project.
Thank you for all your help!
Phemex is a cryptocurrency margin and spot trading platform, based in Singapore and launched in 2019. The platform provides up to 100x cryptocurrency derivatives and regular trading on its trading platform.
The team is highly experienced and the CEO, Jack Tao, is an 11-year veteran executive from Morgan Stanley, where he worked as the MSET BXS global development leader before departing to co-found Phemex.
The platform itself is reliable, easy to use and provides a host of trading pairs and instruments. One of the unique features for the platform is their option to pay a set monthly fee and offer 0% trading fees on its spot markets.
Watch the video below for more information on Phemex:
|Legal Name||Phemex Financial Pte. Ltd|
|Type of exchange||Fiat, Derivatives, Altcoin|
|Two Factor Auth||
|Featured Trading Pairs||Bitcoin, Gold|
|Available Languages||🇬🇧 🇯🇵 🇪🇸 🇨🇳 🇷🇺|
|Support Options||Email, Live Chat, Social channels|