Phemexvs
ThinkMarketsCrypto Exchange Comparison
Two crypto brokers clash on security, coin breadth, and regulation, signaling diverging paths for costs and access.
Who should choose Phemex vs ThinkMarkets?
Find out which crypto exchange best suits your trading profile.
Choose if…
Choose Phemex if you want 300 coins and proof of reserves.
Choose if…
Choose ThinkMarkets if you want FCA/ASIC regulation and client money protections.
Verdict by Trader Profile
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
Best for security
Recommended
Phemex vs ThinkMarkets: Side-by-Side Crypto Exchange Comparison
| Criteria |  Phemex |  ThinkMarkets |
|---|---|---|
| Editorial score | 3.9/ 5 | 3.8/ 5 |
| Min Deposit | No minimum | No minimum |
| Spreads From | N/A | 0.4 pips |
| Taker Fee | 0.10%▼ lower | 7.00% |
Phemex vs ThinkMarkets Crypto Exchange Pros & Cons
Pros
- Founded by former Morgan Stanley executives with institutional trading backgrounds
- Zero maker fee on spot with premium membership ($9.99/month)
- 300+ trading pairs with fast 300,000 TPS matching engine
- USDT-perpetual and inverse futures on 200+ altcoin pairs
- Proof of Reserves published with Merkle tree attestation
- No deposit fees
Phemex vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each exchange meets or misses within each scoring category.
4
Phemex
criteria wins
3
ThinkMarkets
criteria wins
Highlighted rows show where the two exchanges differ
| Criteria | Phemex | ThinkMarkets |
|---|---|---|
| Security | ||
| Cold storage for assets | Pass | Fail |
| Proof of reserves published | Pass | Fail |
| Segregated client funds | Fail | Pass |
| Top-tier regulator (FCA, ASIC, etc.) | Fail | Pass |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Fail |
| Features | ||
| Staking available | Pass | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
Phemex vs ThinkMarkets: Frequently Asked Questions
The scores are close: Phemex rates 3.9/5 and ThinkMarkets rates 3.8/5. 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.
ThinkMarkets lists a spread from 0.4. Current spread data is not available for Phemex. Check both exchanges' full fee schedules, including maker/taker rates, for up-to-date pricing.
Neither Phemex nor ThinkMarkets requires a minimum deposit, making both accessible regardless of starting capital.
ThinkMarkets holds top-tier regulation (ASIC, JFSA, FCA), 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, ThinkMarkets 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.
Phemex offers up to 100:1 on perpetual or margin products, versus ThinkMarkets's 2:1 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 ThinkMarkets's $7 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.
Phemex supports Proprietary Web/Mobile, while ThinkMarkets supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide Proprietary Web/Mobile. ThinkMarkets has exclusive access to MetaTrader 5 and TradingView and MetaTrader 4.
Phemex offers staking while ThinkMarkets 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.
