What are fomo perps?
Perpetual futures routed to Hyperliquid and trade.xyz, opened from the same fomo app. Markets reported include crypto majors and, via trade.xyz, some stock-index and commodity markets.
Who can use fomo perps?
They are not available to US persons.
How does leverage hurt you?
With 10x leverage a 10% move against you can wipe out your margin. Liquidation is fast in volatile markets. Use small size and a stop.
Independent guide, not affiliated with fomo. Affiliate link: we may earn a share of fees.
What do perps cost?
fomo's own fee plus the venue's protocol fee; independent guides report a low per-side rate. Check the app for the current number before trading; see fees.
Should beginners use perps?
No. Learn spot first and never use money you need.
How liquidation works, simply
With leverage you post margin and borrow the rest. If the price moves against you enough that your margin can't cover the loss, the position is closed automatically. At 10x, roughly a 10% adverse move can wipe the margin; at 20x roughly 5%. Fees and funding make it a little worse.
A safer way to try perps
Use isolated margin, low leverage, a small size and a stop-loss you set before entering. Never add margin to a losing position to avoid liquidation.
Independent guide, not affiliated with fomo. Affiliate link: we may earn a share of fees.
Related
What is fomo · Login · Android · iPhone · Web · Wallet · Copy trading · Limit orders · Terminal · API · Telegram bot · Fomo Family · Solana · Base · Bnb Chain · Ethereum · Monad · Robinhood ChainSources
- fomo Terms of Service (section 8, referrals)
- fomo affiliate programme
- fomo guide: deposits and withdrawals
- App Store listing id6741115427
- Google Play listing family.fomo.app
- CoinCodex: is Fomo legit (fee and minimum)
Updated 2026-10-12 · How we test
Independent guide, not affiliated with fomo. Affiliate link: we may earn a share of fees.
Frequently asked questions
Are fomo perps available in the US?
No.
Which venue powers fomo perps?
Hyperliquid and trade.xyz.