Plus500 vs Phemex 2026: Which Broker is Better?
Compare Plus500 and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Plus500
Phemex
80% of retail CFD accounts lose money.
Plus500 offers CFDs only — CFDs on forex, indices, stocks, commodities & crypto. You trade on price movements and do not own the underlying assets. Maximum leverage up to 1:30 for retail clients; additional fees may apply.
| Plus500 | Phemex | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.0/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:30 | 1:100 ✓ |
| Regulation | FCA, CySEC, ASIC ✓ | — |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Plus500 is the better choice overall, scoring 4.0/5 vs 3.0/5 on BrokerRank's independent rating. On fees, Phemex offers lower spreads (0 pips).
See full side-by-side comparison belowPlus500 vs Phemex: Key Differences
Plus500
WinnerPhemex
Fees Comparison
Plus500
Phemex
BrokerRank Verdict
Plus500 scores 3.98/5 while Phemex scores 3.01/5 in our independent rating.
Plus500 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?
Plus500
4.0/5
Choose Plus500 if you want…
- Higher overall rating (4.0/5)
- No per-trade commission
- More regulatory licences (4)
- More market types (6)
Phemex
3.0/5
Choose Phemex if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
- 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 Plus500 & Phemex are available in
Frequently Asked Questions
1Is Plus500 better than Phemex?
Plus500 scores higher overall on our independent rating system. Plus500 holds a 4.0/5 rating vs Phemex's 3.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Plus500 or Phemex?
Plus500 offers spreads from 0.6 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Plus500 vs Phemex?
Plus500 requires a minimum deposit of $100. Phemex requires $0.
4Which broker is safer, Plus500 or Phemex?
Plus500 is regulated by FCA, CySEC, ASIC, MAS, while Phemex holds licences from unknown regulators.
5What trading platforms do Plus500 and Phemex support?
Plus500 supports Proprietary Web, Proprietary Mobile. Phemex supports Proprietary Web, Proprietary Mobile.
6Can I use both Plus500 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
Plus500
80% of retail CFD accounts lose money.