Deriv vs Phemex 2026: Which Broker is Better?
Compare Deriv and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Deriv
Phemex
| Deriv | Phemex | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.1/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:100 |
| Regulation | MFSA, Labuan FSA, BVI FSC ✓ | — |
| Platforms | MT5, Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Deriv 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 belowDeriv vs Phemex: Key Differences
Deriv
Phemex
Fees Comparison
Deriv
Phemex
BrokerRank Verdict
Deriv scores 3.96/5 while Phemex scores 3.08/5 in our independent rating.
Deriv 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?
Deriv
4.0/5
Choose Deriv if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- Higher leverage (up to 1:1000)
- More regulatory licences (7)
Phemex
3.1/5
Choose Phemex if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
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 Deriv & Phemex are available in
Frequently Asked Questions
1Is Deriv better than Phemex?
Deriv scores higher overall on our independent rating system. Deriv 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, Deriv or Phemex?
Deriv offers spreads from 0.5 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Deriv vs Phemex?
Deriv requires a minimum deposit of $5. Phemex requires $0.
4Which broker is safer, Deriv or Phemex?
Deriv is regulated by MFSA, Labuan FSA, BVI FSC, VFSC, CIMA, FSC, CMA, while Phemex holds licences from unknown regulators.
5What trading platforms do Deriv and Phemex support?
Deriv supports MT5, Proprietary Web, Proprietary Mobile. Phemex supports Proprietary Web, Proprietary Mobile.
6Can I use both Deriv 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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76% of Brokers Use Proprietary Platforms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Deriv
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