Phemex User Guides

Phemex User Guides

Everything You Need To Use Phemex Platform

Powerful Trades, Seamless Experience

 Provides both Spot and Contract trading services Simpler and safer deposits and withdrawals. Offers advanced functions such as FIX API, a sub-account system, and L3 quotes*

User Guides

The guides in this section will teach you how to perform all actions and operations related to our platform.

• Basic Trading Concepts

  • How to calculate the average execution price?
  • How do Limit Orders Fill?
  • What is a Bracket Order?
  • What is a Close On Trigger order?
  • What is a Reduce Only order?
  • What is a Post Only order?
  • What are Time In Force instructions?
  • What is FIX API?
  • What is API and High-Frequency Trading (HFT)?
  • What is a Take Profit order?
  • What is a Stop Loss order?
  • What are Conditional Orders?
  • What are Market Orders?
  • What are Limit Orders?
  • What is a Short Position?
  • What is a Long Position?
  • PnL: How to calculate PnL (Profit and Loss)?
  • How is Order Value calculated?
  • What is a Trailing Stop?

• Margin Trading Concepts

  • How is Liquidation Triggered for Cross Margin Positions?
  • Why is the fill price different from the liquidation price? (Bankruptcy Price)
  • Why was part or all of my position automatically closed?
  • What is Leverage?
  • What is Liquidation?
  • What are Initial and Maintenance Margins?
  • How are Liquidation Prices calculated?
  • What is Slippage Protection?
  • BTC and USD Trading Accounts
  • What is Cross and Isolated Margin?
  • Margin Trading Related Terms
  • Order Types

• Spot Trading Guides

  • How do I change Trading Pairs (Symbols)?
  • How do I view my Trade History?
  • How do I view my Order History?
  • How do I get/give a 30-day Premium Trial?
  • How do I Buy or Sell Crypto on the Spot Market?
  • What are the Trading Limits for each Symbol?

• Perpetual Contracts Concepts

  • What is the Insurance Fund and Auto-Deleveraging?
  • How are Funding Rates calculated?
  • What are Inverse and Linear contracts?
  • What is the Phemex Index Price?
  • What is the Mark Price and Dual Pricing mechanism?
  • What is a Funding Rate?
  • Risk Limits

• Contract Trading Guides

  • How do I Adjust the Margin on My Position?
  • Why was part or all of my position automatically closed?
  • How do I create an API Key?
  • How do I set a Trailing Stop order?
  • How do I set a Take Profit or Stop Loss order?
  • How do I set my Leverage and Risk Limit?
  • How do I change Trading Pairs (Symbols)?
  • How do I close a Position?
  • How do I place a Perpetual Contract Order?
  • System Status

• Account Assets

  • How do I download Phemex Account Statements/Reports?
  • How do I view my Trade History?
  • How do I view my Order History?
  • How do I use the Testnet (Simulated Trading)?
  • How do I fund my Sub-Accounts?
  • How do I create Sub-Accounts?

• Platform Elements

  • Does Phemex support the Binance Chain and Binance Smart Chain? (BEP20 tokens and BEP2 tokens)?
  • What is the Depth Chart?
  • What is the Order Book?

• API

  • Order Spamming Limitations
  • API Overview

Phemex User Guides

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