Perpetual futures, venue by venue — starting with the ones that are actually regulated

Perpetuals Guide covers where and how to trade perpetual futures on centralized exchanges. Since 2026, a first wave of venues offers perps to European retail traders under real MiFID licences — capped leverage, appropriateness tests, actual regulators. Almost nobody reviews them. We start there.

Regulated venues we cover first

Venues offering perpetual futures through an EU-regulated (MiFID) entity. Each review states exactly which entity you trade with, the leverage cap, and what the licence does and does not protect.

Start with the background: regulated vs offshore perp exchanges, then how perpetual futures actually work and the EU legal rulebook.

Offshore venues: covered, not promoted

7 further venues — including the offshore exchanges where most perp volume actually trades — get the same editorial treatment: fees, restrictions, and risks, stated as facts. We do not carry referral links for venues that are not licensed to serve European retail traders, and we never explain how to get around a venue's own geo-restrictions. Our methodology explains where that line sits and why.

What this site is

An independent editorial project by the team behind PerpDEX Guide (decentralized perp venues). Same rules here: every fee checked against official documentation, every restriction dated, no invented hands-on claims. Read about for how the site is funded.