Honest side-by-side.
No marketing.
Where Forexiz wins — custody, withdrawal, KYC, cryptographic receipts. Where it loses — Hyperliquid is cheaper, MT5 has more FX symbols today, GMX has more crypto perps. Read it. We won't insult you with a one-sided comparison.
| Feature | Forexiz | MT5 broker (typical) | GMX | Hyperliquid | Gains Network |
|---|---|---|---|---|---|
| Non-custodial — you hold the keys Your funds in a smart contract you control, not a broker bank account. | Yes | No | Yes | Partial | Yes |
| Withdraw without approval No support ticket, no "pending review", no daily limit. | Yes | No | Yes | Yes | Yes |
| No KYC, ever | Yes | No | Yes | Yes | Yes |
| No geo block Hyperliquid blocks US users at the frontend layer. | Yes | No | Yes | No | Yes |
| Wallet-only login (SIWE) | Yes | No | Yes | Yes | Yes |
| Forex pairs (EURUSD, GBPUSD, etc.) GMX has a handful (EURUSD, GBPUSD, USDJPY) via Chainlink. | 11 launch · 25+ roadmap | 60+ | Partial | No | ~80 |
| Precious metals (XAU, XAG) | Yes | Yes | No | No | Yes |
| Crypto perps | roadmap | Partial | Yes | Yes | Yes |
| Cryptographic fill receipts (Ed25519) Download a signed JSON, verify offline at /trust/verify. | Yes | No | No | No | No |
| Public Merkle commitment per batch Strict-monotonic batchSeq on Arbitrum — fills cannot be backdated. | Yes | No | No | No | No |
| Oracle-based pricing (publicly verifiable) | Pyth | No | Chainlink | native | Pyth + Chainlink |
| EURUSD all-in cost Round-trip: spread + fee. MT5 commission account roughly 0.6 pip spread + $7/lot. | ~4.6 bps | 6–9 bps | 10 bps | 2.5 bps | 8 bps |
| Deposit / withdrawal fees | $0 | wire fees | $0 | $0 | $0 |
| Overnight rollover / funding | OI-skew + 0.5 bp/hr carry | swap (bank rates) | borrow rate | 8h funding | OI-skew |
| Max leverage | 100x | 30–500x | 50x | 50x | 150x |
| Liquidation bonus paid to liquidator Cheaper liquidations for the user. We run our own bot + insurance fund. | 0% | broker keeps | 5% | tiered | 0% |
| Insurance fund (public balance) | $5k seed | opaque | Yes | HLP vault | Yes |
| Demo / paper trading | yes · 10k sim-USDC | Yes | No | testnet | No |
| Partial close (25/50/75%) | Yes | Yes | Partial | Yes | Yes |
| Limit orders | Yes | Yes | Yes | Yes | Yes |
| Mobile app | PWA · native roadmap | native | web | web | web |
Cryptographic fill receipts, public Merkle commitments, paper-trading demo with the same code path as live, on-chain vault that you can withdraw from without us. These are mechanical differences — they're either there or they're not. Nobody else has all four.
EURUSD all-in cost ~4.6 bps beats MT5 commission accounts and most crypto perp DEXes other than Hyperliquid. Liquidation bonus is 0% (the user keeps everything). Demo mode is 10k sim-USDC, not a separate testnet network you have to faucet into.
Pure crypto perps, deeper books, faster matching, and an order book (not vault-as-counterparty). If you're a crypto-only futures trader, Hyperliquid is cheaper. If you want forex + metals + crypto in one wallet, they don't do that.
60+ forex pairs day one (we ship with 11). EAs / cBots ecosystem (we don't, yet). Regulated entity holding your money — which is a feature for some, the thing they're trying to escape for others.
Pick the row that matters to you.
Trade once, then ask whether the answer to any row above is something you can't get elsewhere.
Connect wallet, get demo balanceOr verify a sample fill receipt first