Broker comparison

BingX vs.
Phemex

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

BingX offers 6 instrument types, while Phemex offers 5. BingX has been in the market since 2018, making it the more experienced provider. On spreads, BingX offers Trading fee 0.10% maker/taker (spot), 0.02%/0.05% (futures), copy-trading feature, while Phemex offers Trading fee 0.10% maker/taker (spot), 0.01%/0.06% (futures); 0% spot fee on premium tier.

Social trading crypto exchange with copy trading and grid bots

Crypto derivatives exchange with spot trading and up to 100x leverage

At a glance

The key differences

Criterion
PlatformsBingX Web, BingX AppPhemex Web, Phemex App
Product typesBitcoin, Ethereum, Altcoins, Futures, Copy Trading, Grid BotsBitcoin, Ethereum, Altcoins, Perpetual Futures, Spot
Options tradingNoNo
Fee model0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%
Minimum deposit0 $0 $
RegulationVariousVarious
More informationDetailsDetails

Platforms

BingX

BingX Web, BingX App

Phemex

Phemex Web, Phemex App

Product types

BingX

Bitcoin, Ethereum, Altcoins, Futures, Copy Trading, Grid Bots

Phemex

Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot

Options trading

BingX

No

Phemex

No

Fee model

BingX

0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%

Phemex

0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%

Minimum deposit

BingX

0 $

Phemex

0 $

Regulation

BingX

Various

Phemex

Various

More information

BingX

Details

Phemex

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%

Published fee
0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%
Minimum deposit
0 $
Spread figure
Trading fee 0.10% maker/taker (spot), 0.02%/0.05% (futures), copy-trading feature
See terms at provider

0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%

Published fee
0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%
Minimum deposit
0 $
Spread figure
Trading fee 0.10% maker/taker (spot), 0.01%/0.06% (futures); 0% spot fee on premium tier
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

BitcoinEthereumAltcoinsFuturesCopy TradingGrid Bots
BitcoinEthereumAltcoinsPerpetual FuturesSpot

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

BingX Web · BingX App

BingX offers a web platform and mobile app with a clearly structured trading interface. The copy trading module enables selection of top traders by performance metrics. Grid trading bots can be set up with just a few clicks. Charting features are based on TradingView and offer technical indicators along with various timeframes for analysis.

Explore platform

Phemex Web · Phemex App

Phemex offers a powerful web platform and mobile app designed for professional derivatives trading. The trading interface includes advanced TradingView charts, various order types such as limit, market, conditional, and trailing stop, plus a detailed order book. The testnet enables risk-free practice with an identical interface. The API supports algorithmic trading.

Explore platform

Regulation & security

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Social trading crypto exchange with copy trading and grid bots

  • Integrated copy trading with top traders
  • Grid trading bots for automated trading
  • User-friendly interface
  • Offshore regulation without EU license
  • Lower liquidity than top exchanges

Crypto derivatives exchange with spot trading and up to 100x leverage

  • Fast order execution (under 1ms)
  • Founded by former Morgan Stanley executives
  • Low futures fees
  • No EU regulation, offshore domicile
  • High loss risk with 100x leverage

Find the broker that fits

BingX oder Phemex?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

BingX3.6
  • Integrated copy trading with top traders
  • Grid trading bots for automated trading
  • User-friendly interface
Phemex3.6
  • Fast order execution (under 1ms)
  • Founded by former Morgan Stanley executives
  • Low futures fees
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between BingX and Phemex?
BingX: 0.10% Maker / 0.10% Taker (Spot), Futures 0.02% / 0.05%. Phemex: 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: BingX or Phemex?
BingX offers Bitcoin, Ethereum, Altcoins, Futures, Copy Trading, Grid Bots. Phemex offers Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot.
How are BingX and Phemex regulated?
The broker profiles list Various for BingX and Various for Phemex. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is BingX or Phemex better for beginners?
BingX lists a 0 $ minimum deposit and offers BingX Web, BingX App. Phemex lists 0 $ and offers Phemex Web, Phemex App. Compare usability, available products and costs for your intended use.
BingX vs Phemex: Which broker is better overall?
The choice between BingX (3.6/5, 650 reviews) and Phemex (3.6/5, 550 reviews) depends on your needs. BingX: Social trading crypto exchange with copy trading and grid bots. Phemex: Crypto derivatives exchange with spot trading and up to 100x leverage.
How do spreads compare between BingX and Phemex?
BingX offers typical spreads of Trading fee 0.10% maker/taker (spot), 0.02%/0.05% (futures), copy-trading feature. Phemex offers Trading fee 0.10% maker/taker (spot), 0.01%/0.06% (futures); 0% spot fee on premium tier. Tighter spreads reduce trading costs especially for active trading.

Your next step

Your next step

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Keep learning

Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Crypto options: Bitcoin & EthereumOptions on crypto, the venues and their quirks.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:Implied volatilityPremiumCall optionMarginExpiration