dYdX vs Phemex 2026: Which Broker is Better?
Compare dYdX and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
dYdX
Phemex
| dYdX | Phemex | |
|---|---|---|
| BrokerRank Score | 2.4/5 | 3.1/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:20 | 1:100 ✓ |
| Regulation | Unregulated ✓ | — |
| Platforms | Proprietary Web, API | Proprietary Web, Proprietary Mobile |
Phemex is the better choice overall, scoring 3.1/5 vs 2.4/5 on BrokerRank's independent rating. On fees, dYdX offers lower spreads (0 pips).
See full side-by-side comparison belowdYdX vs Phemex: Key Differences
dYdX
Phemex
WinnerFees Comparison
dYdX
Phemex
Lower feesBrokerRank Verdict
dYdX scores 2.41/5 while Phemex scores 3.08/5 in our independent rating.
Phemex edges ahead overall, but dYdX 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?
dYdX
2.4/5
Choose dYdX if you want…
- More regulatory licences (1)
- More established (est. 2017)
Phemex
3.1/5
Choose Phemex if you want…
- Higher overall rating (3.1/5)
- 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.
Both dYdX & Phemex are available in
Frequently Asked Questions
1Is dYdX better than Phemex?
Phemex scores higher overall on our independent rating system. dYdX holds a 2.4/5 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, dYdX or Phemex?
dYdX 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 dYdX vs Phemex?
dYdX requires a minimum deposit of $0. Phemex requires $0.
4Which broker is safer, dYdX or Phemex?
dYdX is regulated by Unregulated, while Phemex holds licences from unknown regulators.
5What trading platforms do dYdX and Phemex support?
dYdX supports Proprietary Web, API. Phemex supports Proprietary Web, Proprietary Mobile.
6Can I use both dYdX 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