The best alternative to options trading for active mobile traders is perpetual futures. Perps let you go long or short, use leverage, and trade without choosing a strike price or expiration date. 10X brings that workflow to iPhone through Hyperliquid perps, so traders can express directional views on crypto, stock, and commodity-style markets without using an options chain.
Options are powerful, but the workflow is heavy. You pick a strike, expiration, contract type, premium, and exit plan before placing the trade.
That complexity is useful for advanced strategies. It is overkill for a simple view like "I think BTC goes up today" or "I want to short a market for the next few hours."
| Product | Best for | Main tradeoff |
|---|---|---|
| Perpetual futures | Long or short directional trades | Liquidation risk |
| Margin trading | Borrowing against an account | KYC and limited hours |
| CFDs | Non-US retail trading | Broker counterparty risk |
| Leveraged ETFs | Simple market exposure | Daily reset decay |
| Options | Defined-risk strategies | Expiration and Greeks |
Perps are the cleanest fit when the trade is directional. You pick a market, size, direction, and leverage. No expiration. No strike selection.
Mobile traders need fewer moving parts. Perps fit that: one market, one long or short button, one leverage setting, one liquidation price.
The 10X iOS app is built around that flow. It gives you Hyperliquid execution without forcing you into a desktop terminal.
No. Perps are futures contracts with no expiration. Options give you the right to buy or sell at a strike price before expiration.
No. 10X is for perpetual futures on Hyperliquid. It does not offer options contracts.
Perps are simpler for directional trades. You can go long or short with leverage without picking strikes or expirations.
Not in the same way. Your risk is tied to collateral, leverage, and liquidation price.
Yes. 10X has a native iOS app and a desktop web app.
Download the iOS app or open the desktop app. Self-custodial. No KYC. 150+ markets.
Last updated 2026-05-17