Side-by-Side Comparison Independent Updated Aug 26, 2026
Bitso MX vs Phemex 2026: Which Broker is Better?
Compare Bitso MX and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Bitso MX
Phemex
VS
| Bitso MX | Phemex | |
|---|---|---|
| BrokerRank Score | 2.7/5 | 3.2/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:1 | 1:100 ✓ |
| Regulation | CNBV ✓ | — |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Quick VerdictBrokerRank recommends
Best for Beginners
Bitso MXPhemex
Best for Low Fees
Bitso MXPhemex
Best for Regulation
Bitso MXPhemex
Best Overall
PhemexBitso MX
Quick Answer
Phemex is the better choice overall, scoring 3.2/5 vs 2.7/5 on BrokerRank's independent rating. On fees, Bitso MX offers lower spreads (0 pips).
See full side-by-side comparison belowBitso MX vs Phemex: Key Differences
Feature
Bitso MX
Phemex
WinnerOur Rating
2.7 / 5
3.2 / 5
Min. Deposit
$0
$0
Spread From
0 pips
0 pips
Commission
$0.5/lot
$0.01/lot
Regulated By
CNBV
—
Platforms
Proprietary Web, Proprietary Mobile
Proprietary Web, Proprietary Mobile
Markets
Crypto
Crypto
Founded
2014
2019
Headquarters
Mexico City, Mexico
Singapore
Score
0 / 2
2 / 2
Fees Comparison
Fee
Bitso MX
Phemex
Lower feesSpread From
0 pips
0 pips
Commission
$0.5/lot
$0.01/lot
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Bitso MX scores 2.71/5 while Phemex scores 3.16/5 in our independent rating.
Phemex edges ahead overall, but Bitso MX may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Bitso MX
2.7/5
Choose Bitso MX if you want…
- More regulatory licences (1)
- More established (est. 2014)
Phemex
3.2/5
Choose Phemex if you want…
- Higher overall rating (3.2/5)
- Higher leverage (up to 1:100)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Frequently Asked Questions
1Is Bitso MX better than Phemex?
Phemex scores higher overall on our independent rating system. Bitso MX holds a 2.7/5 rating vs Phemex's 3.2/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Bitso MX or Phemex?
Bitso MX offers spreads from 0 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Bitso MX vs Phemex?
Bitso MX requires a minimum deposit of $0. Phemex requires $0.
4Which broker is safer, Bitso MX or Phemex?
Bitso MX is regulated by CNBV, while Phemex holds licences from unknown regulators.
5What trading platforms do Bitso MX and Phemex support?
Bitso MX supports Proprietary Web, Proprietary Mobile. Phemex supports Proprietary Web, Proprietary Mobile.
6Can I use both Bitso MX and Phemex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Phemex
Capital at risk · T&Cs apply