GMX review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
GMX focuses on perpetual trading across crypto, metals, energy and US equities from a self custody wallet. It will appeal to traders who want round the clock access to traditional markets alongside crypto without giving up custody.
Pros and cons
Pros
- Covers more than one hundred markets across crypto, metals, energy and equities
- Keeps traditional markets open around the clock for continuous trading
- Supports liquidity provision through GM and GLV pools linked to activity
Cons
- Centres on perpetual contracts rather than a broad set of investing products
- Needs a self custody wallet and onchain activity rather than custodial handling
- Runs only on named networks with deposits from a small group of chains
Who it suits
- Traders wanting onchain perpetuals beyond crypto
- Holders comfortable managing a self custody wallet
- Liquidity providers seeking GM and GLV pools
Who should look elsewhere
- Beginners wanting simple custodial accounts
- Long term investors seeking traditional brokerage services
How GMX compares
Frequently asked questions
What markets does GMX cover?+
GMX covers more than one hundred perpetual markets across crypto, gold, silver, energy and US equities. The selection includes oil, natural gas and stock indices alongside digital assets. Traditional markets remain open around the clock for continuous access.
Which networks does GMX support?+
GMX supports onchain trading on Arbitrum, Avalanche, MegaETH and Solana. Deposits are accepted from Ethereum, Base and BNB Chain. GMX Account connects those deposit networks without manual bridging and keeps activity onchain for wallet holders.
How can liquidity providers take part in GMX?+
Liquidity providers can supply assets through GM and GLV pools. Those pools directly support trading, swaps and borrowing activity on the exchange. Participation is directed toward onchain market activity rather than traditional brokerage style products.
Sources
- docs.gmx.io/docs/providing-liquidity checked September 26, 2026
Backs: Derivatives, Features
“Decentralized Perpetual Exchange - leverage trading and swaps backed by liquidity pools”
- docs.gmx.io/docs/trading/fees checked September 26, 2026
Backs: Maker fee, Taker fee
“The position fee is 0.04% or 0.06% of the position size on GMX V2 leverage trading”
- gmx.io checked September 26, 2026
Backs: Exchange type
“Decentralized Perpetual Exchange”
Compiled from 3 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Coins listed, Regulators, Fiat deposit methods.