Crypto-asset platform (not a forex/CFD broker) founded in 2019, offering spot, margin and perpetual futures trading (leverage up to 150x per Phemex) plus copy trading. Phemex states a Polish VASP registration that was not verified, and it does not appear in ESMA's interim MiCA register.
Each licence covers only the entity named. Check which entity will hold your account before you register.
The Terms of Use name PHEMEX POLAND sp. z o.o. among Phemex entities "including, but not limited to", and do not say which entity contracts with international clients. The UAE is on the restricted list.
Values as the broker publishes them; "from" is the lowest advertised value, and actual costs vary by instrument, account and market conditions.
Spot: 0.1% maker / 0.1% taker. Futures: 0.01% maker / 0.06% taker (Standard level, before discounts). PT token discount of 20% on spot and 10% on futures.
The fee schedule is published: 0.1% / 0.1% on spot and 0.01% / 0.06% on futures at Standard level.
Source: phemex.comThe fiat deposit page states a 0 deposit fee for bank transfers (SWIFT, SEPA, FPS) and lists conversion and withdrawal fees per tier.
Source: phemex.comPer-coin crypto withdrawal fees and minimums are published.
Source: phemex.comPhemex publishes no licence number or register link; its only regulatory claim found is an unverified Polish VASP registration, and it is not in ESMA's interim MiCA register.
Source: phemex.comOntario's Capital Markets Tribunal found (18 December 2024) that Phemex Limited and Phemex Technology Pte. Ltd. breached Ontario securities law (unregistered trading, distribution without a prospectus) and on 13 June 2025 imposed sanctions including a permanent ban from Ontario's capital markets.
Source: capitalmarketstribunal.caLong restricted-territories list, including the US, UK, UAE, Australia, Hong Kong, India and several Canadian provinces.
Source: phemex.comThe fiat on-ramp is run by a third party (Legend Trading), and buying crypto with small fiat amounts costs up to 2% plus gas.
Source: phemex.com