FOMO App review

Public records show a real company behind the app. FOMO Labs Inc. is named in the FOMO terms of use, in the site footer and as the seller on the Apple App Store listing. The terms say that New York law governs them. The launch press release of 6 May 2025 names Paul Erlanger as founder and CEO. The same release says the team has worked at Uniswap, OpenSea, dYdX, Square and Google.

FOMO lists three funding rounds on its own blog. Angel investors funded a pre-seed round in February 2025. Benchmark led a Series A in November 2025. Index Ventures led a Series B in June 2026, and Union Square Ventures and Benchmark also invested in that round. Investor backing says nothing about the safety of a single trade, but it shows that named firms put money into the company.

FOMO says its wallets are non-custodial. At signup with an Apple ID or a Google account, the app creates one Solana wallet and one EVM wallet for you. The help centre says FOMO splits each private key into several shares, so no single party, FOMO included, holds the full key. The key comes together only inside a secure hardware environment to sign a transaction. You can export the Solana key and the EVM key from Settings and open the same wallets in another app.

In August 2026, an X account claimed that a FOMO iOS update had drained user wallets and caused losses of millions of dollars. Protos reported on 24 August 2026 that the claim came with no victim list and no method. FOMO co-founder Prashan Dharmasena denied the claim on X. He said the wallet in the claim had no transaction signed by the FOMO fee payer. We found no confirmed hack of the FOMO app as of 1 October 2026.

In September 2026, a malicious iOS app called FomoPeek stole crypto from wallet apps. FomoPeek has no known link to FOMO Labs. Protos corrected an article that had mixed up the two names. Other products also use the name: a Shopify app called Fomo shows sales pop-ups on online stores, and a UK company called FOMO APP LTD. was registered in 2014 and dissolved in 2015. Both are separate from the FOMO trading app.

Some points stay open. FOMO's homepage claims 2,500,000 traders, and we could not verify that figure. We found no security audit report in the FOMO help centre that describes the key-share setup. The help centre also gives no support response times.

FOMO is a social crypto trading app for iOS, Android and the web at fomo.family. The web app launched on 29 April 2026 and uses the same account, balance and positions as the mobile app. Every trade appears in a real-time feed with the trader, token, size and PnL. Users can post a thesis that explains a position, follow traders, get alerts on their trades and check a leaderboard that ranks traders by results.

FOMO has no copy-trading feature, according to its help centre. Users read the feed and make their own trades. FOMO also has no token-launch product. The app trades tokens that already exist, and its Graduated tab lists tokens that recently left a bonding curve on a launchpad. Perpetual futures run through Hyperliquid and Trade[XYZ], and FOMO does not offer them to US persons.

One cash balance trades on six chains: Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain. FOMO handles the routing, so you do not bridge funds or switch networks. The deposit asset is USDC on the first five chains and USDG on Robinhood Chain.

The FOMO help centre (updated 7 September 2026) sets the trading fee by chain and, on Solana, by order size. The full schedule follows.

Solana, order under 5 USDC: a flat 0.10 USDC.

Solana, 5 to 47.50 USDC: 2% of the order value.

Solana, 47.50 to 190 USDC: a flat 0.95 USDC.

Solana, 190 USDC and above: 0.50% per trade.

Base, BNB Chain, Monad, Robinhood Chain and Ethereum: 0.50% per trade, plus network fees.

Selected major tokens: 0.05% per trade. Orders under 1,000 USDC on these tokens pay a flat minimum of no more than 0.50 USDC.

Perpetual futures: 0.05% per trade, plus Hyperliquid fees on the full leveraged position.

On Solana, FOMO pays the network gas, priority fees and token rent. On the other chains, you pay network fees on top, and the quote shows them before you confirm. Some tokens also charge a tax in their own contract. The token creator sets that tax, and FOMO does not receive it.

A user who signs up with a referral code such as VIP10 gets 10% off FOMO trading fees, so the standard 0.50% rate becomes 0.45%. The code goes in on the signup screen, and the app has no field to add it later. The help centre states the discount against the 0.50% rate only. It does not say how the discount applies to the flat Solana fees or to the 2% band.

Axiom, GMGN and Photon each charge a 1% base platform fee per trade, according to their own docs. Axiom lowers its net fee to between 0.95% and 0.75% through volume-tier cashback, and its referral docs add a separate 10% discount. Photon takes 1% on every buy and sell, paid in SOL. GMGN lists network and priority fees as separate costs.

FOMO's standard 0.50% rate is half of that 1% base fee. On Solana, the size tiers change the result. FOMO costs more than a 1% fee on orders below 95 USDC, the same at 95 USDC and less above it. A 20 USDC buy costs 0.40 USDC on FOMO and 0.20 USDC at a 1% fee. A 500 USDC buy costs 2.50 USDC on FOMO, 2.25 USDC with VIP10, and 5 USDC at a 1% fee.

The products also differ. Axiom, GMGN and Photon are trading terminals for active memecoin traders, with tools such as limit orders and wallet tracking. GMGN also offers copy trading, which FOMO does not. FOMO is a phone-first social app with card and Apple Pay deposits. The live fee totals for each platform are on their stats pages.

You sign up with an Apple ID or a Google account. FOMO asks for no seed phrase and no long identity check at signup. You can fund the account with a bank-issued debit card, Apple Pay, or USDC from another wallet or exchange. Card and Apple Pay access depends on the payment provider in your country. USDC deposits work in every country where FOMO works.

To withdraw, open the menu next to your Cash balance and choose Withdraw. Bank withdrawals work only for US bank accounts and need a one-time identity check. A regular bank withdrawal takes 1 to 3 business days. A fast route with extra fees can arrive the same day. Outside the US, you withdraw USDC to an external wallet or an exchange on one of the six chains, or USDG on Robinhood Chain. If you pick the wrong network, you can lose the funds.

FOMO works in most countries. Its terms of service list the restricted jurisdictions. If the app is missing from your app store, you can log in on the web with the same Apple ID or Google account.

DefiLlama tracks FOMO as one product in its Trading App category. The FOMO Wallet adapter counts fees on native Solana swaps and on cross-chain trades that FOMO routes through Relay. It assigns each fee to the chain where the trade settled. Revenue excludes the fees that FOMO pays to referrers.

FOMO's totals therefore count every swap in the app, on several chains. The pump.fun and LetsBONK figures on this site count launchpad trading on Solana. Read a side-by-side table as app trading against launchpad trading.

Tokens traded through FOMO can lose all their value. A blue checkmark means that the FOMO team reviewed a token, and the help centre says it does not remove all risk. Every newly graduated token starts as unverified. Warning labels mark tokens that show signs of fraud, such as blocked sells or removed liquidity.

A high rank on the leaderboard does not predict future results. Perps use leverage, and FOMO does not offer them to US persons. FOMO will never ask for your private key, so treat any such request as a scam.

pump.fun vs FOMO compares a launchpad with a trading app. pump.fun launches tokens on its own bonding curve. FOMO launches no tokens and sets its fee by chain and order size. LetsBONK vs FOMO shows the same split: LetsBONK runs token launches on Solana, while FOMO trades existing tokens on six chains from one balance.

FOMO vs Moonshot compares two consumer apps that both accept card payments. Moonshot also has a token creation flow. FOMO has no such flow and puts its public trade feed, theses and leaderboard first.