Kraken now has taken all ability away for EU and UK user, leverage not possible. Only for businesses. Another dumb move by kraken.
Bybit has crazy fees o add and withdraw funds.
Can anyone suggest a legit exchange that allows leveraged trading?

Yep.
OKX is the pick for me here, but I do think both have something to offer which the other.. would, but a bit differently

What about Bitmex? AFAIK that's the first exchange in the world that allowed 100x leverage, so they were built for that and Hayes is doing what he can to advertise active trading by spreading FUD here and there, telling people bitcoin is going to go down more in bear market and up in the bull market. Reminds me of so many "professional traders" out there.

They actually don't work in the US, but allow EU citizens to set up accounts, so that should work for you.

I think Bybit is blocked in the UK.

OP may end up using exchanges that are official registered and recognized by the regulators over there

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OP to cut on the deposit and withdrawal fees from and to your bank account, you might want to use p2p exchanges. Most of the modern exchanges have centralized p2p services.

In 2020, FCA bans the sale of crypto-derivatives to retail consumers. They're limited to spot trading. No leverage is available. Only professional investors and traders are allowed to trade options, futures, and others. Professional here doesn't refer to individuals. They refer to firms and institutions.

In 2024, this year, FCA has made updates, but only as regards crypto-backed Exchange Traded Notes. The rest of the rules stay including the ban of derivatives among retail consumers.

However, if OP is from UK, there are available options but only from exchanges that aren't regulated by the FCA. That poses a different kind of risk, though.

P.S. Links are from FCA's official site.

For UK and EU you've got options though some exchange aren't functional due to regulations like you stated. But You can consider Bitget .Their fees are low, good options and they're among top4 derivative exchange currently

Can you please stop your stupid post??

OP clearly states that he is within the EU/UK area, but then you couldn't help but then go ahead and shill your stupid exchange just because you are want to earn some tokens through their discord serve.

Just fuck off. You don't belong here. You are a plague to forum discussions!

I can confirm this from my side as well. I'm in the European zone and all its services and features work perfectly. Also, last year they changed their EUR fiat options due to the license they obtained from the Central Bank of Ireland. So probably there is something else going on with your account there or you are not telling us the real reason you don't want to trade on Kraken.