Skip to content
AppDuo
ReviewsComparisonsBest ofCollections
Source-backed analysis6

Review basis

Research-based review: the AppDuo Editorial Team compiled it from official pages, documentation, app stores, press and user feedback, without hands-on testing. Every claim links to a source with the date it was checked.

6 reference sources

Information updated Nov 11, 2026

How we review
fomo logo

fomo Review

Social crypto trading app with self-custodial wallets and per-trade fees

Editorial Team6.8/10Write the first review

By Official AppDuo editorial team · Fact-checked

  • Web
  • iOS
  • Android
Free · Free
Visit fomo
Compare side by side
On this page

Decide at a glance

Our verdict

fomo packs trader leaderboards, a follow feed, Apple Pay purchases and perps into one app, which suits people who already understand memecoin risk. The trade-offs are no deposit protection, an unpublished spot fee rate and an unverified allegation of losses on iOS.

Best for: People who want to follow other traders' activity while trading tokens across several chains

Skip it if: Anyone who needs a regulated venue, deposit protection or account recovery

Pros

  • Leaderboard, follow feed and real-time alerts when followed traders buy
  • Multichain trading (the App Store lists Solana, Robinhood Chain, BNB Chain, Base, Ethereum and Monad) with gas covered on Solana
  • Self-custodial design: the Terms state the platform does not custody user assets; Apple Pay funding is supported

Cons

  • No deposit protection; per Datawallet, Fomo cannot restore access to a wallet without a backup
  • No fixed spot fee rate is published; the Terms say only that the fee is shown before you confirm
All pros and cons · Who is it for?

More pros

  • 4.8/5 from about 27,100 US App Store ratings; interface in 7 languages (English, French, German, Japanese, Portuguese, Chinese, Spanish)

More cons

  • Perps and tokenized assets are unavailable to U.S. persons; leveraged perps can lose all deposited funds
  • An unverified allegation of losses on iOS surfaced in 2026; the company denies it

Best for

  • Users who want a self-custodial wallet with email or Apple ID sign-in and no seed phrase to manage

Experience & key features

fomo is a crypto trading app from FOMO Labs Inc., available on web, iOS and Android. Its homepage describes a trader leaderboard, a follow feed, alerts when top traders buy, multichain trading and perps (labeled "New"), and advertises 2,500,000 traders.

According to Datawallet, fomo is an interface layer over infrastructure it does not own: swaps execute on-chain against decentralized liquidity, and perps run on Hyperliquid and Trade[XYZ]. Wallets are created through Privy with email or Apple ID sign-in, and the Terms state the platform does not custody user assets.

The app is free to download, but every trade carries a fee. The Terms say only that it depends on the size and type of the transaction and is shown before you confirm. Datawallet reports about 0.5% per spot trade (with minimums on small sizes) and about 0.095% per side for perps (Fomo's 0.05% plus Hyperliquid's roughly 0.045% taker fee), with referral codes giving 10% off. These are third-party figures, not an official rate card.

Risks to weigh: no deposit protection, leveraged perps, a liability cap at the greater of $100 or the fees you paid in the prior 12 months, and disputes that mostly go to individual arbitration seated in New York. This is a synthesis of public sources, not investment advice.

Screenshots

App Store screenshot
App Store screenshot
App Store screenshot
App Store screenshot
App Store screenshot
App Store screenshot

Plans & pricing

Prices last verified Nov 11, 2026

fomo (free app, per-trade fees)

Personal

Free

The app is free to download and use. Each buy or sell carries a fee, shown before you confirm; network costs and price differences are set by third parties. Perps are unavailable to U.S. persons.

Free plan limits
There is no subscription tier. The Terms say the transaction fee depends on the size and type of the transaction and give no fixed rate; Datawallet reports roughly 0.5% per spot trade.
Free trial
No free trial
Cancellation & refunds

Per the Terms, fees are non-refundable once a transaction is submitted unless law requires otherwise, and Fomo cannot promise to recover an erroneous transfer or reverse a finalized blockchain transaction.

Privacy

FOMO Labs' privacy policy (dated 21 Feb 2025) lists name, email, phone number, social usernames, wallet and payment details, plus device, IP, location and cookie data. Data may be shared with service providers and used for internal research. The policy makes no blanket no-sale pledge and gives no retention period. Per the Terms, the platform does not custody user assets; wallets are provided via Privy and users hold their own keys.

Official pricing page

fomo alternatives

Phantom logo7.3/10

Phantom

Self-custody multichain wallet now with perps and prediction markets, 0.85% swap fee

Free
OKX logo7.2/10

OKX

A large crypto exchange with a Web3 wallet, but a US legal-compliance record to weigh

Free
All alternatives

Controversies & incidents

Issues documented by the press, regulators, courts or the vendor itself. Every item is sourced; unproven claims are labelled as allegations. Last researched: Nov 11, 2026

  • Medium impactAllegedSecurity ·

    Alleged $6M losses after an iOS update, denied by the company

    Protos reports a trader on X alleged an FOMO iOS update caused $6 million in losses; a co-founder denied it. The claim is unverified.

    Read the full account

    Per Protos (24 Aug 2026), the account Derivatives_Ape posted on X that an FOMO update caused $6 million in crypto losses, iOS only, with no victim list or methodology. The sole example was a friend who allegedly lost 662 SOL (about $62,000). Co-founder Prashan Dharmasena rejected the claim, saying the wallet has no transaction signed by FOMO's fee payer; Protos notes that is narrower than saying the wallet never used the app, and that FOMO's security documentation says the company cannot access, move or freeze user funds. Protos also reports allegations by ZachXBT about the poster's own background. As of publication the matter was unresolved and the app remained on the App Store.

    Vendor response

    Co-founder Prashan Dharmasena rejected the allegation, per Protos.

    Sources:Protos: Crypto trading platform FOMO denies hack of its iOS app

Frequently asked questions

Does fomo hold my funds?

The Terms state the platform and services do not custody user assets; wallets are provided via Privy and users are responsible for their keys and recovery methods.

Can users in Vietnam use it?

The Terms' restricted-jurisdiction list does not mention Vietnam. That is not a substitute for checking local crypto rules yourself.

Are perps available to everyone?

No. The Terms say perps are unavailable to U.S. persons, and leveraged perps can lose all deposited funds.

How do I avoid fake fomo apps?

Datawallet notes that fake versions of popular crypto apps circulate widely and advises checking that the developer is FOMO Labs, Inc. The official website is fomo.family.

Review evidence & sources6

Scores

Ease of use
8.0
Why this score

Email or Apple ID sign-in, Apple Pay funding and no seed phrase to manage. Rated 4.8/5 from about 27,100 App Store ratings; interface in 7 languages.

Features
7.5
Why this score

Trader social layer, alerts, several chains and perps in one app. Per Datawallet, Fomo operates outside broker-dealer registration and perps run on outside venues (Hyperliquid, Trade[XYZ]).

Value for money
6.5
Why this score

Free app, but the per-trade fee has no published rate; Datawallet reports about 0.5% per spot trade, with minimums on small sizes. Fees are non-refundable once submitted.

Performance
6.5
Why this score

Frequent updates (version 1.103.0 on 7 Nov 2026) and a high store rating. Datawallet notes user reports of failed sells during volatile periods.

Support
6.0
Why this score

Support via [email protected] and a help center; no chat or phone channel appears in the pages read. Fomo does not promise to reverse finalized transactions.

Privacy & security
6.0
Why this score

Self-custodial per the Terms, but collection is broad (location, wallet and payment details), the policy makes no blanket no-sale pledge, states no retention period and allows use for internal research.

What users say

Sources

Specs & compatibility
Developer
FOMO Labs Inc.
Headquarters
United States
Launched
2025
Category
Finance

Capabilities

  • Mobile app

Platforms

  • Web
  • iOS
  • Android

Interface languages

  • English
  • French
  • German
  • Japanese
  • Portuguese
  • Chinese
  • Spanish

Integrations

  • Privy
  • Hyperliquid
  • Solana
  • Robinhood Chain
  • Base
  • BNB Chain
  • Ethereum
  • Monad

Support

  • Email
  • Help center

Change history

  1. Feature.Version 1.103.0 on the App Store; the description lists Solana, Robinhood Chain, BNB Chain, Base, Ethereum and Monad.
  2. Update.Protos reports Fomo denying an iOS-loss allegation; the article states the company has disclosed about $94 million in funding, including a $75 million Series B led by Index Ventures at a $550 million valuation.
  3. Company.$17 million Series A led by Benchmark. Protos dates it September 2025; Datawallet says November 2025.
Full change history (5)
  1. Launch.First release date of the app on the US App Store.
  2. Company.Pre-seed round of $2 million from more than 140 angel investors, per Datawallet.
About the author

Reviews & comments

Written by readers with a verified email address.

No reviews yet. Have you used fomo? Share your real experience.

Reader reviews are counted separately and do not affect the Editorial Team’s score.

No comments yet. Be the first to share your experience.

Comments are readers’ opinions, not content from the AppDuo Editorial Team.