GMX Review

Decentralized perps on Arbitrum & Avalanche — trade from your wallet, no KYC.

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Quick facts

Rating

4.3 / 5

Max leverage

100×

Type

Decentralized

Verification

No KYC

Assets

Crypto

Taker fee

0.06%

Open to Iran

Yes

Demo account

About GMX

GMX is a well-established decentralized perpetual exchange on Arbitrum and Avalanche. It uses a liquidity-pool model, supports up to 100× on majors, and is fully permissionless — connect a wallet and trade, no account or KYC. Crypto only.

✓ Pros

✓ Permissionless & self-custody
✓ No KYC
✓ Up to 100× on majors
✓ Battle-tested protocol

✗ Cons

✗ Crypto only
✗ On-chain gas fees
✗ Limited pairs vs CEXs

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