TRADING FEATURES
fomo trading, explained
fomo is a mobile app built around a social feed and spot trading, with a route into perpetual futures that fomo's own terms say it does not operate or settle. What it sells is quick onboarding and a view of what other traders are doing, across the six chains fomo lists.
Everything below is read off fomo's Terms of Service and help center rather than its marketing copy, and where the two say different things we say so. If you're new here, start with how to trade on fomo and come back.
Trading Hub
Checked 2026-08-14
The Social Feed: What It Actually Does
You follow other traders on fomo and their buys and sells show up in a feed you can browse. Same shape as following someone on a social app, except the posts are trades. This is what fomo leads on, and it is the clearest thing separating the app from a plain buy and sell screen.
The gap between the marketing and the help center
fomo's marketing page runs a section headed “How Copy Trading Works on fomo.” We searched the help center, the longer and more specific of the two documents, on 2026-08-14 and found nothing describing copy trading as a feature that exists. So: following traders and seeing their trades is documented. Any automated mechanism that mirrors those trades into your account without you confirming each one is not, at least not anywhere we could find it. Full breakdown in fomo's social feed and the copy-trading gap.
Perps: fomo Doesn't Run Them
fomo's own terms of service are direct about this: “Perps accessible through the Services are offered, operated, matched, and settled entirely by independent, third-party decentralized protocols,” and “Fomo does not operate, control, intermediate, custody, or settle Perps trading.” For the crypto perps, that protocol is Hyperliquid, one of the largest decentralized perpetual futures exchanges. fomo is the front end sitting on top of Hyperliquid's order book, and by its own account it is not the counterparty to your trade.
fomo gets paid through Hyperliquid's builder code mechanism. Per fomo's help center, that adds roughly 0.05% per trade on top of Hyperliquid's published ~0.045% taker fee, so close to double the cost of going to Hyperliquid directly. That is the usual rate for apps routing this way rather than an outlier, and Phantom documents the same 0.05%. Full mechanics in how fomo perps actually work.
Where your money sits changes the moment you open a perp. A spot balance stays in the wallet created for you at signup, the one whose key fomo's help center describes as split into shares through Privy. A perp position does not sit there. fomo's terms place the offering, matching and settlement with the third-party protocol, so the collateral behind the position is posted to Hyperliquid and runs under Hyperliquid's contracts and liquidation rules rather than fomo's. Two things follow from that split, and neither is a claim about whether it is safe. On cost, you are paying two venues instead of one, which is where the ~0.095% all-in figure above comes from. On counterparty, the party that has to keep matching and settling your orders is Hyperliquid, and fomo's own terms say fomo is not the counterparty. Read from fomo's Terms of Service and help center, checked 2026-08-14.
What the terms say about U.S. Persons
fomo's terms state, in these words, that “Perps functionality is not available to U.S. Persons,” and that fomo may restrict it in other jurisdictions as well. That is fomo's access policy as written, and where it applies the perps section is not offered. It is not a statement about what any law permits, and we are not in a position to make one. Whether you fall inside that definition is a question for you and an advisor. The sentence covers perps only, so spot trading in the app sits outside it.
What to Weigh Before You Trade
A one-tap buy button next to a feed of other people's trades makes buying quick. Quick is not the same as sensible. Treat the feed as a place to find things, not as a signal: seeing that someone bought a token tells you they bought it, and nothing about why, or whether they are already selling.
On perps, you are paying a real premium for having one app bundle Hyperliquid's order book alongside spot trading and the feed. If you place large or frequent positions, that premium adds up. Our sister site HyperliquidGuide works out what trading Hyperliquid direct costs.
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Get 10% off fomo feesWhere to Go Next
The Social Feed & Copy Trading
What the feed actually does, and the gap between what fomo's marketing claims and what its help center documents.
Read the guide →How fomo Perps Work
A perp opened in fomo routes to Hyperliquid through a builder code. What that means for your fees.
Perps explained →How to Trade on fomo
The full beginner walkthrough: signup, wallet setup, funding, and your first trade.
Beginner's guide →What Each Trade Costs
fomo's 0.50% standard fee, the four Solana size bands underneath it, and what perps actually cost.
Fee breakdown →fomo vs Moonshot
The comparison most traders are actually making, with fee and chain-coverage numbers from both apps' own documentation.
Compare →Is fomo Safe?
Key handling, key export, and documented fake fomo sites to watch for before you trade.
Security guide →Frequently Asked Questions
Does fomo have copy trading?
fomo's marketing page runs a section headed 'How Copy Trading Works on fomo.' We searched the help center on 2026-08-14 and found nothing documenting copy trading as an existing feature. What the help center does describe is following someone and seeing their trades, which is not the same as those trades being mirrored into your account for you.
How does the fomo social feed work?
You follow other traders and their buys and sells show up in a live feed as they happen. It is the feature fomo leads on, and the clearest thing separating the app from a plain buy and sell screen.
Does fomo run its own perpetual futures exchange?
No, and fomo says so. Its terms of service state that perps accessible through the app are "offered, operated, matched, and settled entirely by independent, third-party decentralized protocols" and that fomo "does not operate, control, intermediate, custody, or settle Perps trading." For the crypto perps, that protocol is Hyperliquid. fomo is the front end that routes the order and adds its own fee on top.
What is a builder code?
A mechanism Hyperliquid provides so that other apps, fomo among them, can add a fee on top of trades placed through their interface. You approve that fee once. Hyperliquid still matches and settles the trade, and holds the collateral.
Are fomo perps available in the US?
fomo's terms state that "Perps functionality is not available to U.S. Persons," and that fomo may restrict it in other jurisdictions too. That is fomo's access policy as written. Whether you fall inside that definition, and what the law permits where you live, is a question for you and an advisor rather than for us.
All Trading Guides
The fomo Leaderboard: How the Ranking Works, and Why You Cannot See It From a Browser
fomo ranks its traders by profit and shows the list inside the app only. Here is what the ranking counts, what fomo's own help pages disagree about, and why there is no web page you can open to check any of it.
Perps on fomo: How They Work and Who Actually Runs Them
Perps reached through the fomo app are settled by outside venues, not by fomo. What fomo's terms say in writing, what the builder-code fee adds, and where the collateral sits.
Following fomo's Top Traders: What the Data Says About How It Goes
Research published in August 2026 looked at roughly 292,000 fomo wallets and found about 6% finished 90 days ahead on realized gains. Here is the number, who produced it, the mechanism behind it, and what it should change about how you use the feed.
fomo's Social Feed: What It Does (and What 'Copy Trading' Actually Means)
The phrase 'copy trading' covers two different products. fomo's own explainer uses the manual one: you see the trade, you decide. Here is what the feed shows you and how to use it without just following the crowd.
Who Are the Top Traders on fomo? What the Rankings Showed, and How Fast They Move
Crypto media spent the first week of September 2026 publishing fomo's leaderboard leader. Every figure was correct when filed and stale by the next morning. Here is who is at the top, sourced and dated, and why the number attached to them is the least useful part.
fomo on Robinhood Chain: What It Is and How to Trade It
fomo announced Robinhood Chain support on July 9, 2026, with no bridge required. What Robinhood Chain is, who issues the tokenized assets on it, and how it fits with the five networks the app already covered.
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