Two excellent exchanges with different strengths — Phemex built by Wall Street engineers for pure execution efficiency, Bitget built as the definitive copy trading platform. Here’s the complete breakdown.
⚡ One-Line Summary
Phemex = lowest futures fees + fastest engine. Bitget = best copy trading + $300M protection fund. Both have clean security records. Pick based on what you actually need.
Fees
| Fee | Phemex | Bitget | Winner |
|---|---|---|---|
| Futures Maker | 0.01% | 0.02% | Phemex ✓ |
| Futures Taker | 0.06% | 0.06% | Tie |
| Spot Maker | 0.1% (or $0 Premium) | 0.1% | Phemex w/Premium |
| Zero-Fee Spot Plan | $9.99/mo | No | Phemex ✓ |
| Copy Trading Fee | N/A | 10% of profits | Phemex ✓ |
Features
| Feature | Phemex | Bitget |
|---|---|---|
| Copy Trading | ✗ None | 🔥 #1 Platform (80k+ traders) |
| Engine Speed | 300,000 TPS | Standard |
| Max Leverage | 100x | 125x |
| Spot Pairs | 300+ | 800+ |
| Users | 3M+ | 45M+ |
| Protection Fund | Insurance fund | $300M dedicated |
| Zero-Fee Spot | $9.99/mo Premium | No |
| Hacks Since Launch | Zero | Zero |
| Proof of Reserves | ✓ | ✓ Monthly |
Copy Trading: Bitget Wins Completely
This is the most significant difference between the two exchanges. Bitget’s copy trading platform is the most advanced in the industry — and Phemex simply has nothing comparable. 80,000+ verified traders with full historical performance data, real-time mirroring, and a 10% profit-share fee model that perfectly aligns incentives.
🧮 Use our free crypto exchange fee calculator to compare spot and futures trading costs across the top exchanges side by side.
If copy trading is relevant to your strategy at all, Bitget is the obvious choice. Phemex doesn’t even compete here.
Fees: Phemex Wins for Derivatives Traders
Phemex’s 0.01% maker fee is half of Bitget’s 0.02%. For a trader doing $1M/month in futures volume with limit orders:
- Phemex: $100/month
- Bitget: $200/month
- Annual savings with Phemex: $1,200
Who Should Choose Which?
Choose Phemex if:
- You trade futures with limit orders
- Minimum fees are the top priority
- You want zero spot fees ($9.99/mo)
- You need ultra-low latency execution
Choose Bitget if:
- Copy trading is part of your strategy
- You want a $300M protection fund
- You need 800+ spot trading pairs
- You prefer a larger user community
Verdict
For active futures traders focused on fees: Phemex. For copy traders and anyone who values the protection fund: Bitget. Both are genuinely excellent — many traders use both.
Open Phemex — 0.01% Maker Fee →
Open Bitget — Copy Trading + $6,200 Bonus
Frequently Asked Questions
Is Phemex or Bitget better?
Phemex wins on futures fees (0.01% vs 0.02%) and execution speed. Bitget wins on copy trading and the $300M protection fund. Both have clean security records since launch.
Does Phemex have copy trading?
No. If copy trading is important to you, Bitget is the only real option among these two exchanges.
Which is safer?
Both have zero major hacks since launch. Bitget additionally maintains a $300M dedicated protection fund, giving it a slight edge in user-fund security guarantees.
Affiliate disclosure: Contains referral links to Phemex and Bitget.