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Update to List of Restricted Countries/Regions

Author: Nicolas Tang

Please take note: due to changes in local laws and regulations we have updated the Phemex Terms of Use to reflect additions to the list of countries/regions restricted from using the Phemex platform and services.

The most recent additions to the list are as below:

  • China
  • Hong Kong SAR
  • Republic of Seychelles
  • Bermuda

By opening an account on Phemex you confirm that if you are located in or if you are a resident of any jurisdiction where services offered by Phemex are restricted you understand and acknowledge that you are prohibited from holding positions or entering into contracts at Phemex.

You also understand and acknowledge that if it is determined that any Phemex trading participant has given false representation as to their location or residence, Phemex reserves the right to close any offending accounts immediately and to liquidate any open positions.

Please see Section 2.10(i) for the full list. Thank you for your cooperation and understanding.

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