Read this first. Leverage can take the money you were going to spend, and none of the on-chain desks here carries negative-balance protection or an investor-compensation scheme. On one card, Hyperbeat, the terms put card spending and trading margin on the same wallet. Five of the other eight are separate pots you move funds between by hand, and the issuer says so. On the last three — Ledger, xPortal and Jupiter — nobody has published which it is, so do not read them as safe. A card being listed here describes what its app contains. It is not a recommendation to trade with it.
Disclosure. Two of these 9 cards are affiliate partners and pay us if you sign up: Hyperbeat, which sorts first below, and Tria, whose card the author holds. The other seven pay us nothing, and the rating that orders this page reads the same formula for all nine.
9 of the 139 cards you can get today put a leveraged trading desk in the same app that issues the card — 9 outside the exchange-issued cards, which are excluded here because a derivatives desk at an exchange is the parent business rather than a finding. The interesting part is who is behind them: seven of the nine execute on one venue, Hyperliquid. Based, Ledger, MetaMask, Tria, xPortal, Coin98 and Hyperbeat are seven front-ends, not seven venues. Every one of them documents it. None of them counts. Two run their own book: Jupiter, on its own Solana program at up to 250x, and Revolut, trading CFDs through a brokerage authorised by the Bank of Lithuania instead of perpetuals on-chain.
That seven isn't a surprise on its own: Hyperliquid carries the deepest on-chain perps book, so an app adding a desk routes to the venue that can fill the order. It's the right call each time and a single point of failure all nine times over.
Venue and pot, card by card, because the rows below show neither.
Hyperbeat: Hyperliquid, one wallet for spending and margin both.
Based, MetaMask, Tria, Coin98: Hyperliquid, two pots, and the issuer says so.
Revolut: its own brokerage, two pots.
Ledger and xPortal: Hyperliquid. Jupiter: its own Solana program. On those three nobody has published which it is, so read them as unknown, not safe.
Treat headline leverage as a ceiling on the best-supported market, not a rate you'll get. Ledger publishes no ceiling at all. The ceiling is also a price: on Hyperliquid a 40x position pays 0.045% of the position each way, which is 1.8% of your own margin, funding runs about 1.2% of margin a day, and the liquidation threshold behind that 40x is a 1.25% move.
Check the country lists twice. The card and the desk are sold under different ones, and the region shown on each card below is the card's list, not the desk's. Revolut is the widest gap: the account is sold in the UK, all 30 EEA states, Switzerland, the US, Australia, Brazil, Japan, New Zealand and Singapore, while the CFD desk is reachable in the EEA alone. Ledger names five restricted jurisdictions for its desk — the UK, the US, Ontario, France and Belgium — and sells the card in all five, two of them EEA states that a row reading "EEA" hides. Sourcing, balance models and the full rejection list are in the research write-up.
The rating that orders this page scores cards, not desks, so it puts the one-wallet card first. Leverage ceilings and the per-card sourcing are in the comparison table.
Some cards below link to affiliate partners, and we may earn a commission if you sign up. They're ordered by our public score, not by who pays us — read our editorial disclosure.
