Mobile app
Fomo review: fees, strengths, weak spots
Fomo is a real iOS and Android app rather than a bot, with Apple Pay and card deposits and a social feed that shows what other traders are buying. Its 0.5 % fee is the lowest percentage on this list, but the 0.95 USD minimum per trade makes small trades expensive: below about 190 USD per trade it becomes the priciest option.
Where it wins
- A real iOS/Android app, not a bot, with Apple Pay and card deposits
- Social feed shows what other traders are buying
- Lowest percentage fee on the list at 0.5 %
Where it doesn't
- 0.95 USD minimum per trade: below about 190 USD it becomes the most expensive option
- Perps and advanced order types are limited
Walkthrough
What a round trip costs on Fomo
| Buy + sell | Full price | Via sign-up link | Cheapest option |
|---|---|---|---|
| $100.00 trade | $1.90 | $1.90 | $1.90Fomo |
| $500.00 trade | $5.00 | $4.50 | $4.50Fomo |
| $2,000.00 trade | $20.00 | $18.00 | $18.00Fomo |
Platform fee only, entry cashback tier. Run your own numbers on the cost board.
Questions people ask
What does Fomo charge?
0.5 % per side with a 0.95 USD minimum. Above roughly 190 USD per trade the percentage applies; below that you pay the minimum.
Can I deposit with a card?
Yes. Fomo supports Apple Pay and card deposits, which none of the web terminals or Telegram bots offer directly.
Is Fomo good for beginners?
It is the gentlest entry on this list: an app store install, card deposit and a feed to learn from. Move to Axiom once you want speed and charts.