TradePackFrequently asked questions
Everything traders ask us most often about Fomo and this site.
Is Fomo safe to use?
It's non-custodial (you control your funds, not Fomo) and has real regulatory clarity behind its model (SEC/CFTC guidance, March 2026). That removes some risks but not others — see our full review for the honest breakdown.
Is Fomo a licensed exchange?
Fomo operates as a non-custodial wallet interface, a category the SEC/CFTC clarified doesn't require broker-dealer registration in the US. It is not a traditional licensed exchange in the way centralized platforms are.
What chains does Fomo support?
Solana (primary), Base, BNB Chain, Monad.
Can US users trade perpetuals on Fomo?
No — perpetuals (via Hyperliquid) aren't currently available to US-based users. Spot trading is available nationwide.
How much are Fomo's fees?
Roughly 0.5% per spot trade before discount; perpetuals add about 0.05% per side on top of the underlying venue's fees. A referral code takes 10% off.
How does the referral code work?
Enter it during signup to get 10% off your trading fees automatically, on every trade going forward.
Is TradePack affiliated with Fomo?
No. TradePack is an independent review site. We may earn a commission if you sign up and trade using our referral link — see our disclaimer.
What happens if I lose access to my wallet?
Because Fomo is non-custodial, it cannot recover funds or reset access on your behalf — back up your recovery method carefully before depositing.
Risk disclosure
This site is an independent, unofficial review resource. We are not affiliated with, endorsed by, or acting on behalf of Fomo. We earn a commission if you sign up and trade using our referral link. Cryptocurrency trading involves substantial risk of loss and is not suitable for everyone. Nothing on this site is financial advice. Please do your own research.