Phemex
Luno
VS
Compare
Phemex
Capital at risk · T&Cs apply
Compare Phemex and Luno side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phemex
Luno
| Phemex | Luno | |
|---|---|---|
| BrokerRank Score | 3.2/5 ✓ | 3.1/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.1 pips |
| Max Leverage | 1:100 ✓ | 1:1 |
| Regulation | MAS | FCA |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Phemex (3.2/5) and Luno (3.1/5) are closely matched. Phemex has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhemex
WinnerLuno
Phemex
Lower feesLuno
Phemex scores 3.16/5 while Luno scores 3.13/5 in our independent rating.
Phemex edges ahead overall, but Luno may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Phemex
3.2/5
Choose Phemex if you want…
Luno
3.1/5
Choose Luno if you want…
Phemex (3.2/5) and Luno (3.1/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
Phemex offers spreads from 0 pips, while Luno starts at 0.1 pips. Check the fees section above for a full breakdown.
Phemex requires a minimum deposit of $0. Luno requires $0.
Phemex is regulated by MAS, while Luno holds licences from FCA.
Phemex supports Proprietary Web, Proprietary Mobile. Luno supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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.
