Exchange review · Model v2.4 · Data as of Aug 18, 2026

Phemex Review

400 listed assets · Spot 0.1% / 0.06% · outside the global top 30

+ Taker fees among the lowest in derivatives

− fiat rails are minimal

Affiliate link · opens the official site · availability checked Aug 18, 2026

Reviewed by M. Rodriguez, Lead Exchange Analyst · Fact-checked by D. Okafor · Aug 18, 2026 · Editorial policy · how we make money

Score breakdown

Model v2.4 weights in the base context — weights always total 100%.

Security20%7.7

Regulation18%4.8

Liquidity15%7.8

Fees13%8.6

Fiat & Payments10%5.9

Features8%8.2

Asset Coverage6%7.6

UX & Mobile4%8.3

Support3%7.0

Transparency3%7.2

Verified Aug 18, 2026. Eligible means the exchange accepts new customers in that market; regulatory status is scored separately.