Phemex
crypto exchange Founded: 2019 • HQ: SG •
Last verified: 2026-11-14
Overall Rating
Public Formula
8.5 /10
Technical Specifications & Competition Rules
| Competition Formats | volume based, deposit required, free |
|---|---|
| Supported Markets | crypto |
| Typical Prize Pools | $25,000 – $750,000 USDT |
| Entry Barriers & Cost | $100 minimum equity 100 USDT contract trading balance |
| Winner Scoring Rule | Trader Arena: ROI% and Daily PnL Leaderboard with community prizes |
| Max Leverage | Up to 1:100 |
| Regulation & Licenses | |
| Country Availability | Restricted in: US, CA, SG |
Verified Advantages
- ✓ High-speed trading matching engine engineered by former Wall Street executives
- ✓ Frequent Trader Arena events with accessible prize pool tiers
- ✓ Comprehensive educational resources and paper trading environment
Important Considerations
- × Lower trading volumes compared to tier-1 leaders Binance and Bybit
- × Regional restrictions apply to selected derivatives products
7-Pillar Rating Breakdown
Methodology Rules Transparency 9.0/10
Payout Record & Proofs 9.5/10
Fair Scoring Mechanics 7.0/10
Accessibility & Entry Cost 7.5/10
Regulation & Longevity 9.0/10
Tournament Variety & Frequency 8.5/10
Verified User Experience No Data
Payout Track Record
Transparent on-chain Proof-of-Reserves with verified winner distributions.
Status: VERIFIED
Transparency Notice: We may earn an affiliate commission when you register through our links. This never alters our numerical scores or criteria evaluation.
Compare Phemex with Alternatives
See how Phemex compares side-by-side with other tournament hosts across prize pools, leverage, and scoring fairness.
Frequently Asked Questions about Phemex
Is Phemex legit and safe for trading competitions? +
Phemex operates under regulatory supervision, including MSB (US FinCEN) & AUSTRAC. Verified past payout track records confirm genuine competition settlements.
Are Phemex trading competitions free to join? +
Participation typically requires meeting account deposit thresholds or trading volume requirements. 100 USDT contract trading balance
How are winners decided on Phemex? +
Trader Arena: ROI% and Daily PnL Leaderboard with community prizes. Standings are transparently tracked on live leaderboards.
Does Phemex really pay out prizes? +
Yes, Phemex has a verified track record of prize distributions without documented unresolved non-payment disputes.