How this page is reviewed
Reviewed means every product ranked on this page was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
1
Gains Network (gTrade)
Gains Network (gTrade) lists Europe among its markets; it restricts United States (provider-stated; check your country on its profile).
2
Helix (Injective)
Helix (Injective) lists Europe among its markets; it restricts United States, Canada, United Kingdom (provider-stated; check your country on its profile).
3
dYdX
dYdX lists Europe among its markets; it restricts United States, Canada, United Kingdom (provider-stated; check your country on its profile).
4
Hyperliquid
Hyperliquid lists Europe among its markets; it restricts United States (provider-stated; check your country on its profile).
5
Jupiter Perps
Jupiter Perps lists Europe among its markets; it restricts United States, Singapore (provider-stated; check your country on its profile).
6
GMX
GMX lists Europe among its markets; it restricts United States (provider-stated; check your country on its profile).
7
Lighter
Lighter lists Europe among its markets; it restricts United States, Canada, United Kingdom (provider-stated; check your country on its profile).
8
Paradex
Paradex lists Europe among its markets; it restricts United States, Canada (provider-stated; check your country on its profile).
9
Synthetix Perps
Synthetix Perps lists Europe among its markets (provider-stated; check your country on its profile).
How you can lose money here, and what the ranking scores
- Contract failure: the code holding the funds is exploited.Scored by Security & track record · 60%
- Control failure: a key or vote changes the rules, freezes or mints.Scored by Decentralization & trust-minimization · 40%
Not assessed by this ranking: Oracle failure, Insolvency failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Get provider guidance across all criteria
The perp DEXs advisory evaluates fees, trust, usability, and regional access — beyond the "european-users" filter alone.
Not financial advice · For informational purposes only · Always do your own research