Free spot trading come with a cost
I earned a free month of premium. I decided to put many trades through to make small profits in bitcoin through the browser. I took a quick break, then I come back and my account was restricted from trading. Phemex accused me of running a browser bot simulator. They threatened to charge me the spot fees by taking my money from my balance. I was paused while my money was in Bitcoin and Bitcoin's price dropped and there was nothing I could do. I had some cash in the earn part of their site and that money was held hostage as well. They forced me to send a video of myself holding my ID (even though I had already done KYC) and to read out a phrase. Phemex made me feel like a criminal when all I was doing was placing spot limit orders. They reopened my account, but they threatened me that if I repeat the same behavior again, they would take my money for trading fees and ban me. I withdrew my funds. My advise is to not do too much spot trading if you get the free plan, or you will face the same fate as me. Do not place market orders because you will get horrible prices due to a large spread in the order book. If you place limit orders, your account could get banned. Beware.