Phemex excels with low fees (0.1% spot, 0.01% futures), 100x leverage, copy trading, and AI trading bots. Enjoy up to $4,800 welcome bonuses, 30% referral commissions, and zero-fee spot trading for Premium members. Secure with cold wallets, it’s ideal for beginners and pros in 2025.
Pros
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Generous bonuses, up to $4,800 for new users
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Innovative Web3 ecosystem with PT token
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Low trading fees, especially for Premium members
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User-friendly interface with advanced tools
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High leverage (up to 100x) for futures trading
Cons
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Not available in US, UK, Canada due to regulations
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Limited staking options compared to competitors
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Customer support can be slow during peak times
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Reported hack in 2025, though resolved quickly
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Mobile app lacks some desktop features
Phemex Review Details
Identity Verification:
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Restricted Countries:
Afghanistan
Angola
Belarus
Belgium
Bermuda
Burundi
Canada
Central African Republic
China
Crimea
Cuba
Democratic Republic of the Congo
Eritrea
Ethiopia
Guinea
Guinea-Bissau
Haiti
Hong Kong
Iran
Iraq
Ivory Coast
Lebanon
Liberia
Libya
Mali
Myanmar
Nicaragua
North Korea
Palestine
Republic of Seychelles
Russia
Rwanda
Sierra Leone
Somalia
South Africa
South Sudan
Syria
U.S.
United Kingdom
Venezuela
Yemen
Zimbabwe
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