Side-by-Side Comparison Independent Updated Jun 14, 2026
Phemex vs WazirX 2026: Which Broker is Better?
Compare Phemex and WazirX side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Phemex
WazirX
VS
| Phemex | WazirX | |
|---|---|---|
| BrokerRank Score | 3.3/5 | 3.3/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:100 ✓ | 1:1 |
| Regulation | — | FIU ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Quick VerdictBrokerRank recommends
Best for Beginners
PhemexWazirX
Best for Low Fees
PhemexWazirX
Best for Regulation
WazirXPhemex
Quick Answer
Phemex (3.3/5) and WazirX (3.3/5) are closely matched. Phemex has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPhemex vs WazirX: Key Differences
Feature
Phemex
WinnerWazirX
Our Rating
3.3 / 5
3.3 / 5
Min. Deposit
$0
$0
Spread From
0 pips
0 pips
Commission
$0.01/lot
$0.2/lot
Regulated By
—
FIU
Platforms
Proprietary Web, Proprietary Mobile
Proprietary Web, Proprietary Mobile
Markets
Crypto
Crypto
Founded
2019
2018
Headquarters
Singapore
Mumbai, India
Score
1 / 1
0 / 1
Fees Comparison
Fee
Phemex
Lower feesWazirX
Spread From
0 pips
0 pips
Commission
$0.01/lot
$0.2/lot
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Phemex scores 3.31/5 while WazirX scores 3.31/5 in our independent rating.
Both brokers score equally — the best choice depends on your individual trading priorities. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Phemex
3.3/5
Choose Phemex if you want…
- Higher leverage (up to 1:100)
WazirX
3.3/5
Choose WazirX if you want…
- More regulatory licences (1)
- More established (est. 2018)
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.
Frequently Asked Questions
1Is Phemex better than WazirX?
Phemex (3.3/5) and WazirX (3.3/5) 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.
2Which has lower fees, Phemex or WazirX?
Phemex offers spreads from 0 pips, while WazirX starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Phemex vs WazirX?
Phemex requires a minimum deposit of $0. WazirX requires $0.
4Which broker is safer, Phemex or WazirX?
Phemex is regulated by unknown regulators, while WazirX holds licences from FIU.
5What trading platforms do Phemex and WazirX support?
Phemex supports Proprietary Web, Proprietary Mobile. WazirX supports Proprietary Web, Proprietary Mobile.
6Can I use both Phemex and WazirX?
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.
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Phemex
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