CMC Markets vs Phemex 2026: Which Broker is Better?
Compare CMC Markets and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
CMC Markets
Phemex
| CMC Markets | Phemex | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.1/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.7 pips | 0 pips ✓ |
| Max Leverage | 1:500 ✓ | 1:100 |
| Regulation | FCA, ASIC, MAS ✓ | — |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
CMC Markets is the better choice overall, scoring 4.0/5 vs 3.1/5 on BrokerRank's independent rating. On fees, Phemex offers lower spreads (0 pips).
See full side-by-side comparison belowCMC Markets vs Phemex: Key Differences
CMC Markets
WinnerPhemex
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Fees Comparison
CMC Markets
Phemex
BrokerRank Verdict
CMC Markets scores 4.04/5 while Phemex scores 3.11/5 in our independent rating.
CMC Markets edges ahead overall, but Phemex 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?
CMC Markets
4.0/5
Choose CMC Markets if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- Higher leverage (up to 1:500)
- More regulatory licences (3)
Phemex
3.1/5
Choose Phemex if you want…
- Tighter spreads (from 0 pips)
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.
Both CMC Markets & Phemex are available in
Frequently Asked Questions
1Is CMC Markets better than Phemex?
CMC Markets scores higher overall on our independent rating system. CMC Markets holds a 4.0/5 rating vs Phemex's 3.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, CMC Markets or Phemex?
CMC Markets offers spreads from 0.7 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for CMC Markets vs Phemex?
CMC Markets requires a minimum deposit of $0. Phemex requires $0.
4Which broker is safer, CMC Markets or Phemex?
CMC Markets is regulated by FCA, ASIC, MAS, while Phemex holds licences from unknown regulators.
5What trading platforms do CMC Markets and Phemex support?
CMC Markets supports Proprietary Web, Proprietary Mobile, MT4. Phemex supports Proprietary Web, Proprietary Mobile.
6Can I use both CMC Markets and Phemex?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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