Phemex Referral Code FFYVG9 (October 2026)

Phemex referral code guide

How to sign up on Phemex with code FFYVG9

Go to phemex.com/register through our link, which includes referralCode=FFYVG9.
Fill in your email and password. If Phemex shows other sign-up options, any of them works as long as the code is attached.
Confirm that the referral box shows FFYVG9, six characters with no lowercase letters.
Enter the verification code from your inbox.
Turn on two-factor authentication in the security settings.
Fund a small amount and test a limit order first, since that is where Phemex pricing is strongest.

What the Phemex referral code gives you

Code FFYVG9 lowers eligible Phemex trading fees by up to 20%. Phemex is built as a high-performance derivatives exchange, and its futures pricing has the widest maker-taker gap among the standard-tier venues on this site: 0.01% maker against 0.06% taker.

That gap shapes how much the referral is worth to you. Traders who place limit orders already pay very little, so the code saves them fractions of a cent per $100. Traders who take liquidity pay six times as much, and that is where the 20% cut makes a real difference. If you later reach a Phemex VIP tier, check its terms for how the two discounts interact.

Phemex trading fees explained

Phemex spot is 0.1% for both sides, so a $1,000 trade costs $1.00, or $0.80 with the code.

For futures, imagine a $40,000 position. Entered with a limit order at 0.01%, the fee is $4.00, or $3.20 with FFYVG9. Entered with a market order at 0.06%, it is $24.00, or $19.20 discounted. The difference between those two order types ($20.00 at base) is larger than anything the referral alone can save.

The practical takeaway: on Phemex, use limit entries where you can and let the referral cover the market exits you cannot avoid.

Who Phemex is best for and not for

Best for

Patient futures traders who can work limit orders, since the 0.01% maker rate is the second lowest on this site after MEXC's zero.
Traders who prefer a derivatives-focused venue over a large all-in-one exchange.
Market makers and grid-style strategies that mostly provide liquidity.

Not for

Traders who mostly use market orders on futures, who face 0.06%, among the higher taker rates we track.
Users who want a large spot catalogue, which is not what Phemex is built around.
Residents of countries on Phemex's restricted list, which you should check before signing up.

Phemex vs Bybit and BloFin

Bybit charges 0.02% maker and 0.055% taker on futures. Phemex is cheaper for makers (0.01%) and slightly dearer for takers (0.06%). If at least half of your volume fills as maker, Phemex usually works out cheaper. If you mostly hit the market, Bybit does.

BloFin, another derivatives specialist, lists 0.02% maker and 0.06% taker on futures. Phemex matches its taker rate and halves its maker rate, so on listed fees Phemex is never more expensive than BloFin.

In concrete terms, a $100,000 month split evenly between maker and taker fills costs $35.00 at base on Phemex ($5.00 maker plus $30.00 taker). Bybit charges $37.50 for the same mix ($10.00 plus $27.50), and BloFin charges $40.00. With FFYVG9, the Phemex figure drops to $28.00.

For a derivatives-focused account, the number that compounds is the maker rate. Phemex lists 0.01%, while Bybit and BloFin both list 0.02%, so every resting limit order on Phemex costs half as much even before FFYVG9 takes its 20% off.

Phemex referral code FAQ (October 2026)

What is the Phemex referral code?

The Phemex referral code is FFYVG9. Enter it while creating a new Phemex account to get up to 20% off eligible trading fees.

How much can I save with the Phemex referral code?

At Phemex's listed rates, a $10,000 spot market order saves about $2.00 and a $50,000 futures market order saves about $6.00. Your total depends on how much you trade.

What are Phemex's trading fees with code FFYVG9?

On Phemex, base spot fees are 0.1% maker and 0.1% taker; futures are 0.01% maker and 0.06% taker. With up to 20% off, the taker rates become 0.08% on spot and 0.048% on futures.

Can I add the Phemex referral code after registration?

Usually not. Referral attribution is normally set when the account is created, so enter FFYVG9 before you finish signing up. If you already have an account, ask Phemex support rather than opening a second one.

Does the Phemex referral discount expire?

Phemex sets the duration and eligibility rules for its referral programme and can change them. Check the current terms on the official Phemex website before relying on a long-term discount.

Disclosure: TradeSavings.io may earn a commission when you sign up with FFYVG9. Fee rates come from our own records and can change; confirm them on Phemex before trading. Crypto trading, especially with leverage, can lose you money.