Phemex is a cryptocurrency derivatives exchange founded in 2019 by former Morgan Stanley executives. Known for its professional trading tools and competitive fees, Phemex serves traders looking for a robust derivatives platform.
Calculate Your Phemex Trading Fees
Calculate Phemex Trading Fees
< $500K volume
Average market conditions
View all Phemex VIP fee tiers (7 levels)
Phemex Key Features
- Founded by Wall Street veterans
- Up to 100x leverage
- Contract trading specialist
- Zero-fee spot trading on select pairs
- Professional charting tools
Understanding Phemex Fee Structure
Phemex offers very competitive fees with spot trading at 0.01% maker and 0.06% taker. Derivatives trading also has the same rate structure of 0.01% maker and 0.06% taker. Premium members can access zero-fee spot trading.
Phemex Trading Specifications
100x
8 hours
Free
Varies by coin
Tips to Reduce Your Phemex Trading Fees
- 1.Consider premium membership for zero fees
- 2.Use professional charting tools
- 3.Benefit from low maker fees
- 4.Explore contract trading strategies
Exchanges with Lower Fees Than Phemex
Lower Futures Trading Fees:
Phemex Review - Fee Analysis
Phemex brings institutional-grade trading to retail users. Premium membership unlocks zero-fee spot trading - unique in the industry.
Fee Verdict
0.01%/0.06% base fees are excellent. Premium membership with zero fees offers best-in-class value for active traders.
Pros
- Zero-fee spot trading with Premium membership
- Very low maker fees (0.01%)
- Founded by Wall Street veterans
- Professional-grade tools
- Strong derivatives platform
Cons
- Premium membership required for best rates
- Smaller spot selection
- Not available in all regions
- Less beginner-friendly
Best For
Phemex Fees FAQ
What are Phemex spot trading fees?
Phemex charges 0.1% for maker orders and 0.1% for taker orders on spot trading. Maker orders add liquidity to the order book, while taker orders remove liquidity.
What are Phemex futures trading fees?
Phemex charges 0.01% for maker orders and 0.06% for taker orders on futures/perpetual contracts.
How can I reduce my Phemex trading fees?
You can reduce fees by using limit orders (maker fees are usually lower), increasing your trading volume to reach VIP tiers, holding the exchange's native token for discounts, or using referral codes for bonus discounts.
Does Phemex charge deposit or withdrawal fees?
Phemex typically offers free deposits. Withdrawal fees vary by cryptocurrency and network. Check the current withdrawal fee for your specific coin before withdrawing.