Broker comparison
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparison
MEXC
PhemexSummary
On fees MEXC is ahead: 0% spot as a promotion and futures at 0.01%/0.04%, against 0.10% spot and 0.01%/0.06% at Phemex. Phemex scores with execution under 1 ms, a testnet for practice and a slightly higher rating (3.6/5 vs 3.5/5). Neither is EU-regulated — pick MEXC for the widest altcoin list, Phemex for focused futures trading.
MEXCCrypto exchange with 0% spot fees and huge token selection
PhemexCrypto derivatives exchange with spot trading and up to 100x leverage
At a glance
| Criterion | MEXC | Phemex |
|---|---|---|
| Platforms | MEXC Web, MEXC App | Phemex Web, Phemex App |
| Product types | Bitcoin, Ethereum, Altcoins, Futures, Launchpad-Token | Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot |
| Options trading | No | No |
| Fee model | 0% Maker / 0% Taker (Spot promo), Futures 0.01% / 0.04% | 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06% |
| Minimum deposit | 0 $ | 0 $ |
| Regulation | Various | Various |
| More information | Details | Details |
MEXC Web, MEXC App
Phemex Web, Phemex App
Bitcoin, Ethereum, Altcoins, Futures, Launchpad-Token
Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot
No
No
0% Maker / 0% Taker (Spot promo), Futures 0.01% / 0.04%
0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%
0 $
0 $
Various
Various
Product access and costs depend on market, account and permissions.
Detailed comparison
Compare total costs, not just the order fee.
MEXCPhemexThe relevant costs depend on market, currency, order size and trading style.
Order type, venue and liquidity affect execution.
MEXCCheck the provider’s execution policy and available order types for your account.
Provider informationPhemexCheck the provider’s execution policy and available order types for your account.
Provider informationMEXCPhemexCategories come from broker profiles. Check specific markets and permissions before deciding.
MEXCMEXC Web · MEXC App
MEXC offers a web platform and mobile app with a clear trading interface. The platform includes TradingView charts, various order types, and a detailed order book. The Launchpad feature enables early access to new token projects. The futures platform offers leverage up to 200x and is equipped with professional risk management tools.
Explore platformPhemexPhemex 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 platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
MEXCCrypto exchange with 0% spot fees and huge token selection
PhemexCrypto derivatives exchange with spot trading and up to 100x leverage
Find the broker that fits
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
Entry and fees: Neither exchange asks for a minimum deposit. On spot, MEXC quotes 0% maker and 0% taker — explicitly as a promotion and, per its record, partly on selected pairs only. Phemex charges 0.10% maker and taker, also dropping to 0% on its premium tier. On futures the maker fee is the same at 0.01% on both sides, while on the taker side MEXC's 0.04% undercuts Phemex's 0.06%. If you place frequent market orders on futures, then, MEXC saves you money even without promotional terms.
Products and platforms: MEXC bets on breadth: over 2,300 listed cryptocurrencies, futures, and early access to new tokens through its Launchpad. Its record names the flip side as many tokens with low liquidity and limited customer service. Phemex is a derivatives exchange with spot trading: Bitcoin, Ethereum, altcoins and perpetual futures with up to 100x leverage, order execution under 1 ms and a testnet for risk-free practice. According to its own profile Phemex was founded by former Morgan Stanley executives; its liquidity is lower than at the top exchanges. Both run on their own web platform and app.
Profile and verdict: MEXC (3.5/5 from 750 reviews) was founded in 2018 and is based in the Seychelles; Phemex (3.6/5 from 550 reviews) was founded in 2019 and sits in Singapore. Both state their regulation as "various" and explicitly have no EU regulation — that belongs before any fee comparison. If you want the lowest fees and early token listings, MEXC is the fit; if you focus on futures, value fast execution and want to try strategies on a testnet first, Phemex is.
Your questions
Your next step
MEXCCrypto exchange with 0% spot fees and huge token selection
Open accountRead reviewPhemexCrypto derivatives exchange with spot trading and up to 100x leverage
Open accountRead reviewThe guides worth reading before your first trade, whichever of the two you choose.
