$20
$0.95 = 4.75%
If the $0.95 minimum applies to a $20 transaction, the fee alone is equivalent to 4.75% of the trade size. A buy and later sell can each be separate fee events.
Fee check · updated 13 Aug 2026
Are FOMO fees
actually high?
For large trades the headline percentage is easy to understand. For small trades, the minimum fee is what matters. Current App Store reviews also repeatedly mention fees as a frustration, so here is the math without the drama.
Official terms checkedUser reviews ≠ proofAffiliate disclosed
OFFICIAL SPOT FEE0.50% minimum
MINIMUM CHARGE$0.95 / transaction
REFERRAL PAGE10% off fees*
$20 TRADE ◆$0.95 MINIMUM ◆$100 TRADE ◆0.50% MINIMUM ◆REFERRAL 10%* ◆$20 TRADE ◆$0.95 MINIMUM ◆$100 TRADE ◆
The official fee terms
The minimum is the part small traders feel.
$100
$0.95 = 0.95%
At $100, 0.50% would be $0.50, so the $0.95 minimum is still the larger number under the current published terms.
$1,000
0.50% = $5
At $1,000, the percentage fee becomes $5. Third-party costs may exist in addition to FOMO's platform fee.
Source basis: FOMO Terms of Service dated July 15, 2026 list a minimum 0.50% fee per buy/sell transaction, subject to a $0.95 minimum. Terms also say fees and third-party costs can change.
What current users say
“High fees” is a real review theme.
Current 2026 App Store reviews include users describing fees as too high, especially when trading smaller amounts. Other reviews mention execution delays, PnL display issues or withdrawal problems.
Important: app-store reviews are individual experiences, not audited evidence that every user has the same problem. Positive reviews exist too. We use them as a signal for what prospective users are asking about.
Why the complaints make sense mathematically
Small size + fixed minimum = visible drag.
A fixed minimum has a much larger effective percentage on a $20 or $50 trade than on a $1,000 trade. That does not automatically make FOMO bad value; it means trade size matters when comparing convenience with cost.
Referral math
The code reduces the fee — it does not remove trading risk.
Current advertised benefit
LMP506
FOMO's current referral pages advertise 10% off fees when a referral code is entered in-app. The exact benefit can change, so confirm what FOMO shows during signup.
Example
$5.00 → $4.50*
If an eligible FOMO fee were $5.00 and the currently advertised 10% referral reduction applies, the simplified fee would be $4.50. This example does not include third-party costs.
Not a profit promise. Saving on a fee cannot protect you from token losses, slippage, bad execution or leveraged-trading risk.
Quick answers
Before you decide.
Are FOMO fees hidden?
The published Terms state the platform fee structure, but they also note third-party fees can apply and fees can change. Check the transaction preview and current terms.
What about withdrawals?
FOMO's own guide supports crypto withdrawals and bank withdrawals in supported regions. Some App Store users report withdrawal friction, so test processes cautiously rather than assuming every route behaves identically.
Should I use FOMO?
That depends on whether the social discovery and convenience are worth the fee structure to you. Compare the cost at your actual trade size, not someone else's.
Know your trade size first.Run the fee math, then decide.
Fee calculator →