Fusion Markets and Phemex face off in a crypto broker comparison across security, asset depth, and fees. The tension hinges on custody, regulation, and platform scope.
Find out which crypto exchange best suits your trading profile.
Choose if…
Choose Fusion Markets if you want ASIC regulation, negative balance protection, and a zero minimum deposit.
Choose if…
Choose Phemex if you want an own exchange, proof of reserves, and 300+ coins with 24/5 live chat.
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
| Criteria | ||
|---|---|---|
| Editorial score | 3.8/ 5 | 3.9/ 5 |
| Min Deposit | No minimum | No minimum |
| Spreads From | 0 pips | N/A |
| Taker Fee | 4.50% | 0.10%▼ lower |
A closer look at the specific criteria each exchange meets or misses within each scoring category.
| Criteria | Fusion Markets | Phemex |
|---|---|---|
| Security | ||
| Cold storage for assets | Fail | Pass |
| Proof of reserves published | Fail | Pass |
| Segregated client funds | Pass | Fail |
| Top-tier regulator (FCA, ASIC, etc.) | Pass | Fail |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Pass |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Fail | Pass |
| Phone support | Fail | Fail |
The scores are close: Fusion Markets rates 3.8/5 and Phemex rates 3.9/5. Phemex has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Fusion Markets lists a spread from 0. Current spread data is not available for Phemex. Check both exchanges' full fee schedules, including maker/taker rates, for up-to-date pricing.
Neither Fusion Markets nor Phemex requires a minimum deposit, making both accessible regardless of starting capital.
Fusion Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Phemex may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, Fusion Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources on each exchange's site before deciding.
Fusion Markets offers up to 2:1 on perpetual or margin products, versus Phemex's 100:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
Phemex charges $0.1 per trade, lower than Fusion Markets's $4.5 per trade. Lower commissions benefit active traders who execute many trades per day. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
Fusion Markets supports cTrader, MetaTrader 4, MetaTrader 5, while Phemex supports Proprietary Web/Mobile. Fusion Markets has exclusive access to cTrader and MetaTrader 4 and MetaTrader 5. Phemex has exclusive access to Proprietary Web/Mobile.
Phemex offers staking while Fusion Markets does not according to our data. Staking lets you earn passive yield on your crypto holdings directly through the exchange. Check Phemex's supported coins, lock-up terms, and estimated yields before committing.
Fusion Markets is best for security due to ASIC regulation and negative balance protection.
Fusion Markets offers low fees with ECN $2.25 per lot round-turn.
Phemex provides 300+ crypto pairs, far beyond Fusion Markets.
Fusion Markets offers ASIC regulation with negative balance protection and zero minimum deposit.
Phemex offers staking and yield-earning options while Fusion Markets does not, making Phemex the better choice for holders who want to earn passive income on their crypto.
Phemex offers staking and DeFi capabilities, enhancing Web3 exposure.
| 0.45 pips |
| N/A |
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPayPal | CryptoCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerPayPal | Crypto |
|---|
| Withdrawal Fee | Free | Network fee only |
|---|
| Regulators | ASIC VFSC | — |
|---|
| Cold Storage | No | Yes |
|---|
| Proof of Reserves | No | Yes |
|---|
| Staking | No | Yes |
|---|
| DeFi Integration | No | No |
|---|
| NFT Trading | No | No |
|---|
| 500+ Coins | No | No |
|---|
| P2P Trading | No | No |
|---|
| Crypto Earn / Savings | No | No |
|---|
| Token Launchpad | No | No |
|---|
| Active bonuses | None | 2 offers |
|---|
Fusion Markets and Phemex are closely matched, but Phemex distinguishes itself with an own exchange and published proof of reserves.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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