What is the FOMO app? How the trading app works (2026)

How FOMO works

FOMO works in five steps: sign up, fund one balance, find and buy a token, sell it back to cash, and watch the social feed. For the full walk-through with screenshots, see how to use FOMO.

1. Sign up with Apple or GoogleFOMO creates a non-custodial wallet tied to that login. There is no seed phrase to write down.
2. Fund one balance across 6 chainsDeposit USDC, or USDG on Robinhood Chain, and use it on Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain from the same balance. There is no bridging and no network switching.
3. Search for a token and buySearch by name or ticker, check its label, and tap Buy. FOMO shows the fee before you confirm the trade.
4. Sell back to cashSell converts a token back to your USDC balance at any time. From there you can withdraw. The options depend on your country.
5. Watch the feed, follow traders, check the leaderboardEvery trade on FOMO shows in a live social feed. You can follow any trader to see their activity, and a leaderboard ranks users by performance.

Which chains and tokens can you trade

FOMO trades tokens on 6 blockchains from one account with one balance: Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain.

On five of the six chains the asset is USDC. On Robinhood Chain the asset is USDG, and it converts automatically into your Solana USDC balance when it lands.

Some major tokens carry a lower fee than FOMO's standard rate. The fees page has the exact numbers and every band, from small Solana orders up to large trades.

FOMO reviews a token for a blue verified checkmark only if it meets four conditions: at least $1,000,000 in daily trading volume, a market cap of at least $5,000,000, at least 1,000 unique holders, and a name and symbol that do not duplicate another token FOMO has already verified.

Does FOMO have copy trading?

No. FOMO's help centre puts it in one sentence: "fomo does not have a copy trading feature."

What FOMO offers instead: every trade shows in a live social feed, you can follow any trader to see their activity, and a leaderboard ranks users by performance. Sending money to another user from their profile is a direct transfer to their wallet, not a copy trade.

The wording still turns up elsewhere. FOMO's own site has a page at fomo.family/answers, titled "How to start copy trading". DefiLlama's listing for the app also describes it as combining a social feed with copy-trading features. onfomo.com is a separate company with a similar name. It runs a copy-trading app for perpetual futures, and it is not part of FOMO.

Perps on FOMO

FOMO also offers perpetual futures, known as perps: leveraged contracts run through outside protocols, not FOMO itself. FOMO charges 0.05% per trade, plus Hyperliquid's own fee. Hyperliquid's fee is a percentage of the full position size, so it grows with leverage, not just with the margin you put up.

Perps on FOMO run on two outside protocols: Hyperliquid and trade.xyz.

Maximum leverage on FOMO perps, by asset.

Every position uses isolated margin, so a loss on one position cannot take funds from another. The minimum transfer into your perps balance is 5 USDC, the minimum transfer out is 2 USDC, and the minimum position size is 15 USDC.

Who makes FOMO

FOMO is made by FOMO Labs, Inc., a US startup founded in 2025. Its three founders, Paul Erlanger, Se Yong Park and Prashan Dharmasena, all three worked at dYdX before starting FOMO.

FOMO raised a $75 million Series B in June 2026, led by Index Ventures with Union Square Ventures and Benchmark. Press coverage puts the round's valuation at $550 million, and FOMO's total disclosed funding at about $94 million. FOMO's own blog post about the round does not give those two figures.

By its own count, FOMO passed 625,000 traders around the time of the Series B. The app's own App Store text claims more: "1,000,000+ users." Both numbers are FOMO's own claims, not figures we counted ourselves.

For the full trust and safety review, including the app's security record and what users report, read is FOMO legit.

iPhone, Android and web

FOMO runs as a free app on iPhone and Android, and as a web app in a browser. There is no separate desktop program to install.

The iPhone app is sold by FOMO Labs Inc. on the App Store. The Android app is sold by fomo Labs Inc. on Google Play. FOMO's help centre also describes the app as available on the web, at fomo.family. You sign in there with the same Apple ID or Google account you use on mobile.

The App Store shows FOMO at 4.8 out of 5 from 20,694 ratings, version 1.92.1, released 16 September 2026. Google Play shows the same 4.8 out of 5, from 6.37K reviews, updated 16 September 2026.

For the official download links, and the look-alike apps that are not FOMO, read how to download FOMO.

Who FOMO suits and who it does not

FOMO suits active traders who want one login and one balance across six chains. It does not suit traders who want the app to copy trades for them, or US-based traders who want perps.

Good fit

• Traders who hold positions on several chains from one balance, since FOMO needs no bridging or network switching. Small Solana orders from 5 to 47.50 USDC pay 2%.
• Traders who want to sign up with Apple or Google and manage no seed phrase.
• Traders who use a public feed and leaderboard for research, then decide their own trades, since FOMO has no automatic copy trading.
• Traders outside the United States who want leveraged perps on major coins.

Not a good fit

• People in the United States who want to trade perps, since FOMO does not offer perps to US persons.
• Traders who want a platform to copy other traders' positions automatically.
• Anyone who wants a licensed, regulated broker first. Read is FOMO legit before you decide.

Questions people ask