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Side-by-Side Comparison Independent Updated Oct 23, 2026

NordFX vs Phemex 2026: Which Broker is Better?

Compare NordFX and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

NordFX

Phemex

VS
NordFXPhemex
BrokerRank Score2.9/53.1/5 ✓
Min. Deposit$10$0 ✓
Spread from0.9 pips0 pips ✓
Max Leverage1:1000 ✓1:100
RegulationFSA ✓—
PlatformsMT4, MT5Proprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
PhemexNordFX
Best for Low Fees
PhemexNordFX
Best for Regulation
NordFXPhemex
Best Overall
PhemexNordFX
Quick Answer

Phemex is the better choice overall, scoring 3.1/5 vs 2.9/5 on BrokerRank's independent rating. On fees, Phemex offers lower spreads (0 pips).

See full side-by-side comparison below

NordFX vs Phemex: Key Differences

Feature

NordFX

Phemex

Winner
Our Rating
2.9 / 5
3.1 / 5
Min. Deposit
$10
$0
Max Leverage
Spread From
0.9 pips
0 pips
Commission
None
$0.01/lot
Regulated By
FSA
—
Platforms
MT4, MT5
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Crypto, Indices, Commodities
Crypto
Founded
2008
2019
Headquarters
Vanuatu
Singapore
Score
2 / 5
3 / 5

Fees Comparison

Fee

NordFX

Phemex

Spread From
0.9 pips
0 pips
Commission
None
$0.01/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

NordFX scores 2.94/5 while Phemex scores 3.09/5 in our independent rating.

Phemex edges ahead overall, but NordFX 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?

NordFX

NordFX

2.9/5

Choose NordFX if you want…

  • No per-trade commission
  • Higher leverage (up to 1:1000)
  • More regulatory licences (1)
  • More market types (5)
Phemex

Phemex

3.1/5

Top pick

Choose Phemex if you want…

  • Higher overall rating (3.1/5)
  • Tighter spreads (from 0 pips)
  • No minimum deposit

Also consider

View all rankings

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.

#1ForTrade logo
ForTrade
4.3
FCA
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#2FxPro logo
FxPro
4.1
FCA
Visit
#4AvaTrade logo
AvaTrade
4.0
MAS
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#5Plus500 logo
Plus500
4.0
MAS
Visit

80% of retail CFD accounts lose money.

Both NordFX & Phemex are available in

Frequently Asked Questions

1

Is NordFX better than Phemex?

Phemex scores higher overall on our independent rating system. NordFX holds a 2.9/5 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.

2

Which has lower fees, NordFX or Phemex?

NordFX offers spreads from 0.9 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for NordFX vs Phemex?

NordFX requires a minimum deposit of $10. Phemex requires $0.

4

Which broker is safer, NordFX or Phemex?

NordFX is regulated by FSA, while Phemex holds licences from unknown regulators.

5

What trading platforms do NordFX and Phemex support?

NordFX supports MT4, MT5. Phemex supports Proprietary Web, Proprietary Mobile.

6

Can I use both NordFX 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

Related Guides

BrokerRank Research

Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.

Higher Rated

Phemex

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