Fomo vs Axiom
Fomo charges 0.5% per spot trade. Axiom charges 1% per spot trade. Both may ask for identity checks.
Our take: Fomo is a phone app that buys tokens on several chains from one USDC balance and puts every trade in a public feed. Axiom is a desktop terminal for trading new Solana tokens fast, with wallet tracking and execution controls. Fomo's standard fee is lower, while Axiom lets you set a price and walk away. Both let you export the wallet's keys.
Social trading app: one USDC balance buys tokens on six chains, every trade shows up in a public feed, and a separate perps mode runs on Hyperliquid.
Browser trading terminal for new tokens: one-click buys and limit orders on Solana and seven other chains, wallet and X tracking, and a perps tab on Hyperliquid.
| Criterion | Fomo | Axiom |
|---|---|---|
| Fee model | Per transaction | Per transaction |
| Base fee | 0.5% per spot trade | 1% per spot trade |
| KYC | Checks may apply | Checks may apply |
| Restricted countries | Cuba, Congo - Kinshasa, Iran, and 10 more | Sanctions rules only |
| Leverage | Up to 40x on BTC, 10x on most altcoins | Hyperliquid's caps, up to 40x |
| Markets | Tokens on six chains, perps on Hyperliquid and trade.xyz | Tokens on Solana and seven other chains, perps on Hyperliquid |
| 30-day volume | $7.61BSolana only. DefiLlama, 30 days to | $2.69BDefiLlama, 30 days to |
| 30-day fees paid | $36.3MDefiLlama, 30 days to | $37.5MDefiLlama, 30 days to |
Should you use Fomo or Axiom?
Our assessment from the published documentation.
When Fomo may fit
You trade from your phone, want to fund with a debit card or Apple Pay, and would rather hold one USDC balance than keep SOL, ETH, and BNB around for gas on each chain. You buy and sell at market and check your positions yourself. You like seeing what other traders buy, with their PnL attached, and do not mind your own trades showing in the same feed. You are in the US and want to cash out to a bank account, or you are outside the US and want perps funded from the same USDC balance.
When Axiom may fit
You trade new Solana tokens from a desktop browser and want to watch launches and migrations as they happen, buy with a hotkey, and set your exit in the same click as the buy. You want to set the priority fee, bribe, and MEV protection on each trade yourself, and you use wallet and X tracking on the same screen. You already hold SOL or can send it from an exchange, and the tooling is worth a higher fee to you.
The difference that matters
Order control. Every Fomo spot trade is an instant buy or sell at the quoted price, so taking profit or cutting a loss on a token means being there when it moves. Axiom rests limit orders, buys a token the moment it migrates, and places a buy with its exit orders in one step. Cost runs the other way: Fomo's standard rate stays below Axiom's even at Axiom's top cashback tier, and on Solana Fomo pays the gas and priority fees while Axiom adds your priority fee and bribe to each trade. Small Solana orders are the exception, because Fomo's size ladder charges them a larger share than Axiom's flat rate, though Axiom's priority fee and bribe also weigh most on small orders. The other split is who sees your activity. Fomo shows your trades to other users by design. On Axiom the concern is the company: in February 2026 it confirmed that staff had misused support tools to look up users' wallets, and its Privacy Policy allows selling order flow.
Our conclusion
Pick Axiom if you trade Solana launches actively enough to need resting exits and execution settings, and you accept the higher fee and the company's handling of user data as part of the price. Pick Fomo if you trade from a phone, start from a bank card, or buy on chains other than Solana without holding their gas tokens. It is the simpler route and the cheaper one at ordinary order sizes. If you trade small amounts on Solana, price a trade at your usual size on both, network costs included. For perps, both place your orders on Hyperliquid and add their own fee to Hyperliquid's, and Fomo's is the larger of the two.
How Fomo and Axiom compare
Every fact links to the page it comes from.
| Criterion | Fomo | Axiom |
|---|---|---|
| Fees | 0.5%Trading fee. Spot trades, perps listed separately Spot trades cost 0.50% each on every network. On Solana a small-order ladder applies below 190 USDC, and on the other chains you also pay the network fee shown in the quote. Tokens the app marks as low fee cost 0.05%. The perps mode charges 0.05% of position size per trade on top of Hyperliquid's fee and funding. Every fee is shown before you confirm, and the Terms let Fomo change fees at any time. | 1%Trading fee. Spot trades on every chain, perps listed separately Every spot trade pays 1% to Axiom, on every supported chain, before cashback: the SOL rebate runs from 0.05% of trade value at the entry tier to 0.25% at the top, so the net fee is 0.95% to 0.75%, and a referral signup takes a further 10% off. Solana priority fees and bribes, or gas on the other chains, come on top. Perps on Hyperliquid pay 0.01% per transaction plus Hyperliquid's fee and funding. The Terms let fees change without notice and treat the quoted cost as an estimate. Docs: Axiom fees (cashback tiers)Docs: referral program (1% base fee, 10% discount)Docs: Solana fees (priority fee, bribe, MEV modes)Docs: perpetuals deposit (0.01% perps fee)Docs: staking (validator and axiSOL fees)Terms of Use: FeesDefiLlama fee adapter: the 1% taken at swap time on BNB Chain and Robinhood Chain |
| KYC | Checks may apply You sign up with an Apple ID, a Google account, or an email code, and Fomo creates a Solana wallet and an EVM wallet for you through Privy. There is no identity check to open the account or to trade, and the private keys can be exported from Settings at any time. Identity checks sit at the edges: the first withdrawal to a US bank account requires a government ID through Spritz, Fomo's payment partner. The Terms, dated August 17, 2026, reserve the right to require KYC for the perps mode, and the card and Apple Pay providers apply their own rules. | Checks may apply You sign up with an email code, a Google account, or a Phantom wallet, set a password, and are shown a recovery phrase. No identity document is asked for, and the wallet keys are yours to export. Buying SOL by debit card or Apple Pay through Coinbase inside the app needs no KYC up to $500 a week, according to Axiom's FAQ, while the MoonPay route verifies identity under MoonPay's rules. The Terms, dated February 26, 2026, reserve the right to run KYC and anti-money-laundering checks at Axiom's discretion, naming passports, driving licences, and utility bills as examples, and the Privacy Policy says wallet addresses are screened for illicit activity. Docs: signup (email, Google, or Phantom, and a recovery phrase)Docs: buy crypto (up to $500 without KYC)Docs: FAQs (Coinbase purchases, Turnkey wallet)Terms of Use: Know Your Customer and Anti-Money Laundering ChecksPrivacy Policy, section 1.1: wallet screeningMoonPay help center: how to verify your MoonPay account |
| Country restrictions | 13+ countries restricted The Terms, dated August 17, 2026, bar residents, citizens, and anyone located in Cuba, the Democratic Republic of Congo, Iran, Libya, Myanmar, North Korea, Sudan, Venezuela, and Yemen, plus the Crimea, Donetsk, and Luhansk regions, any other country embargoed or sanctioned by the US, the UK, or the EU, and any jurisdiction where crypto trading is prohibited. Perps are not offered to US persons, a definition that includes US citizens living abroad, and Robinhood's stock and ETF tokens are also closed to residents of Canada, the UK, and Switzerland. Spot trading has no US exclusion. You must be 18, and using a VPN to get around any of this breaches the Terms. | Sanctions rules only The Terms, dated February 26, 2026, name no country. They bar anyone on a US, EU, or UK sanctions list, anyone located in, resident in, or organized in a jurisdiction under comprehensive sanctions or designated as terrorist-supporting by the UN, EU, UK, or US, and anyone under 18, and they let Axiom restrict any person or region at its discretion. Using a VPN to get around a restriction is a breach. The previous Terms, dated February 26, 2025, named the United States, China, Singapore, and sixteen other countries and regions. The current version carries no such list. |
| Leverage | Up to 40x on BTC, 10x on most altcoins Leverage is picked in whole numbers up to a cap set per asset: 40x on BTC, 25x on ETH, 20x on SOL, and 10x on most altcoins. The caps for stock, index, and commodity perps are not published. Every position is isolated, so a liquidation costs only that position's margin, and you can add or remove margin on an open position. Collateral is USDC in a separate perps balance, moved in from the token balance (5 USDC minimum in, 2 USDC out), and the smallest position is 15 USDC notional. Liquidation, stop-loss, and take-profit all trigger on Hyperliquid's mark price, not the chart price. A triggered order fills as a market order with a 10% slippage allowance, and funding is paid or received every hour. The Terms warn that the protocol can auto-deleverage profitable positions and that non-crypto markets may lack an insurance fund. | Hyperliquid's caps, up to 40x Perps run on Hyperliquid, so each market's maximum leverage is Hyperliquid's: a whole number up to a per-asset cap that tops out at 40x on BTC and steps down on large positions, under Hyperliquid's margin rules and hourly funding. Axiom's own perps page, last updated in April 2025, still says up to 50x, but the venue's current cap governs. Open positions show entry, mark, and liquidation prices and take-profit and stop-loss levels in Axiom's perps portfolio. |
| Markets | Tokens on six chains, perps on Hyperliquid and trade.xyz Spot covers tokens on Solana, Base, BNB Chain, Monad, Ethereum, and Robinhood Chain, bought from one USDC balance with no bridging. The app labels each token verified, unverified, or with a warning, and Robinhood Chain carries Robinhood's US stock and ETF tokens, which are OTC derivatives issued by Robinhood Europe UAB rather than shares. Perps, launched June 11, 2026, cover everything listed on Hyperliquid and trade.xyz: crypto such as BTC, ETH, SOL, and HYPE, US stocks such as NVDA and GOOGL, the S&P 500, Nasdaq 100, Kospi 200, and Nikkei 225, oil, gold, silver, copper, and natural gas, and pre-IPO markets including SpaceX. Perps orders are market orders with optional stop-loss and take-profit, and spot trades are instant buys and sells at the quoted price. | Tokens on Solana and seven other chains, perps on Hyperliquid Spot trading covers tokens on Solana, where the terminal started, with pump.fun launches, tokens nearing migration, and fresh Raydium pairs surfaced in Pulse, plus the other chains the app lists: BNB Chain (added October 23, 2025), Ethereum, Base, Robinhood Chain, Ink, Arc, and HyperEVM, as shown in the app's chain selector on September 26, 2026. Spot order types are market orders, limit orders, buy-on-migration and sell-on-migration snipes, and auto-strategies that place a buy and its limit orders in one click. The Perpetuals tab opens long or short positions on Hyperliquid's markets. |
| Depositing | Debit card, Apple Pay, Coinbase, or USDC on six chains The Deposit screen offers four routes, and not every account sees all of them. A bank-issued debit card funds the USDC cash balance within a few minutes. Prepaid cards, Cash App, Venmo, PayPal, Zelle, and Apple Cash are refused, and card availability follows the payment provider's country list. Apple Pay works two ways: on the card screen it funds the cash balance through Coinbase, with a weekly limit shown in the app, and Buy with Apple Pay purchases a single token directly through Crossmint, capped at 2,500 dollars a day. Pay with Coinbase draws on a Coinbase account. Crypto deposits take USDC on Solana, Base, BNB Chain, Monad, or Ethereum, and USDG on Robinhood Chain, which converts into the Solana USDC balance. The smallest deposit that credits is 15 USDC on Ethereum and 0.50 on Base, BNB Chain, Monad, and Robinhood Chain, with no minimum on Solana. The help center publishes no card fee. On the web you fund with crypto, and the web launch post says card and Apple Pay deposits are done in the mobile app. Help center: how to deposit fundsHelp center: depositing with a debit cardHelp center: do I need a Coinbase account to depositHelp center: why did my Apple Pay purchase fail (Crossmint, daily limit)Help center: depositing with crypto (USDC)Help center: deposit minimums by networkHelp center: unsupported payment methodsBlog: announcing fomo web | SOL to your wallet, or a card via Coinbase or MoonPay The Axiom wallet is created at signup, so funding it means sending SOL, or tokens on another supported chain, to the address the app shows. Inside the app, Buy opens Coinbase's checkout for a debit card or Apple Pay purchase of SOL, which Axiom's FAQ says needs no KYC up to $500 a week. Coinbase's own developer docs say its hosted guest checkout was discontinued on June 30, 2026, and Axiom's FAQ still shows the $500 figure. MoonPay has been a second route since October 2025, taking cards, bank transfers, Apple Pay, Google Pay, PayPal, and Venmo under MoonPay's identity checks. Perps collateral is separate: you convert SOL into USDC on Hyperliquid from the wallet menu, which takes about five minutes. Docs: signup (deposit SOL or buy through Coinbase)Docs: buy cryptoAxiom homepage FAQ: buying up to $500 a week without KYCCoinbase developer docs: hosted guest checkout discontinued June 30, 2026MoonPay newsroom: MoonPay is now live on AxiomDocs: perpetuals deposit (convert SOL to USDC on Hyperliquid) |
| Withdrawing | USDC out on six chains, US bank via Spritz You withdraw USDC from the cash balance to any wallet or exchange address on Solana, Base, BNB Chain, Monad, or Ethereum, or USDG on Robinhood Chain, choosing the network to match the destination. The help center lists no withdrawal fee for these. Bank withdrawals go through Spritz and reach US bank accounts only, after a one-time ID check: the minimum is 5 dollars, a regular transfer takes 1 to 3 business days, and a same-day Fast option, for requests between 9 AM and 5 PM Eastern on a business day, carries an extra fee that is not published. Anything other than USDC leaves only by exporting the private key into another wallet, positions under 2 USDC (5 on Ethereum) cannot be sold in the app, and perps collateral has to move back to the token balance first. Help center: withdrawing to an external walletHelp center: withdrawing to a centralized exchangeHelp center: withdrawing to your bank accountHelp center: how long does a bank withdrawal take (Spritz, minimum)Help center: how do I send tokens to another walletHelp center: small remaining balancesHelp center: managing your perps cash balance | Send from your own wallet, no Axiom fee published There is no withdrawal step. The Axiom wallet is yours, so leaving means sending SOL or tokens to any address and paying the network fee, or importing the recovery phrase into Phantom, Solflare, or Rabby, which Axiom's own signup guide recommends so you always have direct access. Axiom publishes no withdrawal fee of its own. Perps collateral comes back by converting USDC on Hyperliquid to USDC on Solana from the wallet menu, in about five minutes. The axiSOL staking pool charges 0.1% on withdrawals, and yield balances at Marginfi are advertised as instantly withdrawable. |
| Referral program | 10% off trading fees Signing up through another user's link, fomo.family/r/ followed by their username, takes 10% off trading fees, so the standard 0.50% rate becomes 0.45% on every trade. The code has to go in at signup, though support can attach one afterwards. The help center describes the discount against the spot rate and does not say whether it applies to perps. The referrer receives 25% of the referred user's trading fees, paid into their cash balance, except the referred user's first Solana buy. Creators can apply to a separate affiliate program whose commission tiers are not published. The Terms ban self-referral and let Fomo claw back rewards. No ChainScouter code is active. | 10% off trading fees Signing up through another user's link takes 10% off trading fees on every trade. The referrer earns 30% of Axiom's net fee on trades by the people they referred directly, 3% on the next level, and 2% on the level after that, on Solana, BNB Chain, and Ethereum trading, with some tokens excluded. Trading itself earns SOL cashback by tier and points toward a leaderboard. The Terms let Axiom change, pause, or withhold rewards before they are claimed. No ChainScouter code is active. |
| Platform | iOS, Android, and web Fomo is an iOS app (rated 18+ on the App Store, developer FOMO Labs Inc.), an Android app on Google Play, and, since April 29, 2026, a web app at fomo.family that shares the same account, balance, positions, and follows. You sign in with an Apple ID, a Google account, or an email code. On phones, Face ID or a fingerprint gates opening the app, withdrawals, and key exports. The app is built around a live feed of other users' trades and theses, a leaderboard ranked by realized and unrealized PnL, alerts when traders you follow buy or sell, and TradingView charts. There is no copy trading. Spot trades are instant buys and sells at the quoted price, and the help center documents no limit orders and no API. Perps trade from the same account with one-click orders and stop-loss and take-profit levels. | Web app that installs on phones Axiom is a browser terminal at axiom.trade built for a desktop screen: a chart with the order box beside it, one-click and hotkey buys and sells, limit orders you can drag on the chart, the Pulse feed of new launches and migrations, a wallet tracker, an X account monitor, several wallets under one login, and a Perpetuals tab. You sign in with an email code, Google, or Phantom plus a password. The site ships a web manifest, so on a phone it installs to the home screen as an app. No native iOS or Android app is documented, and Axiom's site links to no app store listing. Support runs through a Discord ticket channel and the X account. |
Rates apply to the accounts and markets in each scope, before discounts. Network, execution, and transfer costs are separate. A country missing from a restriction list is not confirmed eligible.
Questions about Fomo and Axiom
Is Fomo or Axiom cheaper?
Fomo has the lower published standard spot fee, 0.5% against 1%. Network, execution, and transfer costs are separate.
Fomo: The standard trading fee is 0.5% per trade. Spot trades cost 0.50% each on every network. On Solana a small-order ladder applies below 190 USDC, and on the other chains you also pay the network fee shown in the quote. Tokens the app marks as low fee cost 0.05%. The perps mode charges 0.05% of position size per trade on top of Hyperliquid's fee and funding. Every fee is shown before you confirm, and the Terms let Fomo change fees at any time.
Axiom: The standard trading fee is 1% per trade. Every spot trade pays 1% to Axiom, on every supported chain, before cashback: the SOL rebate runs from 0.05% of trade value at the entry tier to 0.25% at the top, so the net fee is 0.95% to 0.75%, and a referral signup takes a further 10% off. Solana priority fees and bribes, or gas on the other chains, come on top. Perps on Hyperliquid pay 0.01% per transaction plus Hyperliquid's fee and funding. The Terms let fees change without notice and treat the quoted cost as an estimate.
Do Fomo and Axiom require KYC?
Both may ask for identity checks.
Fomo: You sign up with an Apple ID, a Google account, or an email code, and Fomo creates a Solana wallet and an EVM wallet for you through Privy. There is no identity check to open the account or to trade, and the private keys can be exported from Settings at any time. Identity checks sit at the edges: the first withdrawal to a US bank account requires a government ID through Spritz, Fomo's payment partner. The Terms, dated August 17, 2026, reserve the right to require KYC for the perps mode, and the card and Apple Pay providers apply their own rules.
Axiom: You sign up with an email code, a Google account, or a Phantom wallet, set a password, and are shown a recovery phrase. No identity document is asked for, and the wallet keys are yours to export. Buying SOL by debit card or Apple Pay through Coinbase inside the app needs no KYC up to $500 a week, according to Axiom's FAQ, while the MoonPay route verifies identity under MoonPay's rules. The Terms, dated February 26, 2026, reserve the right to run KYC and anti-money-laundering checks at Axiom's discretion, naming passports, driving licences, and utility bills as examples, and the Privacy Policy says wallet addresses are screened for illicit activity.
Can I use Fomo or Axiom in the US?
Fomo: Spot only, with perps and stock tokens barred. Axiom does not name the US, which is not the same as confirmed eligibility.
Fomo: The Terms, dated August 17, 2026, bar residents, citizens, and anyone located in Cuba, the Democratic Republic of Congo, Iran, Libya, Myanmar, North Korea, Sudan, Venezuela, and Yemen, plus the Crimea, Donetsk, and Luhansk regions, any other country embargoed or sanctioned by the US, the UK, or the EU, and any jurisdiction where crypto trading is prohibited. Perps are not offered to US persons, a definition that includes US citizens living abroad, and Robinhood's stock and ETF tokens are also closed to residents of Canada, the UK, and Switzerland. Spot trading has no US exclusion. You must be 18, and using a VPN to get around any of this breaches the Terms.
Axiom: The Terms, dated February 26, 2026, name no country. They bar anyone on a US, EU, or UK sanctions list, anyone located in, resident in, or organized in a jurisdiction under comprehensive sanctions or designated as terrorist-supporting by the UN, EU, UK, or US, and anyone under 18, and they let Axiom restrict any person or region at its discretion. Using a VPN to get around a restriction is a breach. The previous Terms, dated February 26, 2025, named the United States, China, Singapore, and sixteen other countries and regions. The current version carries no such list.
What leverage do Fomo and Axiom offer?
Fomo: Leverage is picked in whole numbers up to a cap set per asset: 40x on BTC, 25x on ETH, 20x on SOL, and 10x on most altcoins. The caps for stock, index, and commodity perps are not published. Every position is isolated, so a liquidation costs only that position's margin, and you can add or remove margin on an open position. Collateral is USDC in a separate perps balance, moved in from the token balance (5 USDC minimum in, 2 USDC out), and the smallest position is 15 USDC notional. Liquidation, stop-loss, and take-profit all trigger on Hyperliquid's mark price, not the chart price. A triggered order fills as a market order with a 10% slippage allowance, and funding is paid or received every hour. The Terms warn that the protocol can auto-deleverage profitable positions and that non-crypto markets may lack an insurance fund.
Axiom: Perps run on Hyperliquid, so each market's maximum leverage is Hyperliquid's: a whole number up to a per-asset cap that tops out at 40x on BTC and steps down on large positions, under Hyperliquid's margin rules and hourly funding. Axiom's own perps page, last updated in April 2025, still says up to 50x, but the venue's current cap governs. Open positions show entry, mark, and liquidation prices and take-profit and stop-loss levels in Axiom's perps portfolio.
What can I trade on Fomo and Axiom?
Fomo: Spot covers tokens on Solana, Base, BNB Chain, Monad, Ethereum, and Robinhood Chain, bought from one USDC balance with no bridging. The app labels each token verified, unverified, or with a warning, and Robinhood Chain carries Robinhood's US stock and ETF tokens, which are OTC derivatives issued by Robinhood Europe UAB rather than shares. Perps, launched June 11, 2026, cover everything listed on Hyperliquid and trade.xyz: crypto such as BTC, ETH, SOL, and HYPE, US stocks such as NVDA and GOOGL, the S&P 500, Nasdaq 100, Kospi 200, and Nikkei 225, oil, gold, silver, copper, and natural gas, and pre-IPO markets including SpaceX. Perps orders are market orders with optional stop-loss and take-profit, and spot trades are instant buys and sells at the quoted price.
Axiom: Spot trading covers tokens on Solana, where the terminal started, with pump.fun launches, tokens nearing migration, and fresh Raydium pairs surfaced in Pulse, plus the other chains the app lists: BNB Chain (added October 23, 2025), Ethereum, Base, Robinhood Chain, Ink, Arc, and HyperEVM, as shown in the app's chain selector on September 26, 2026. Spot order types are market orders, limit orders, buy-on-migration and sell-on-migration snipes, and auto-strategies that place a buy and its limit orders in one click. The Perpetuals tab opens long or short positions on Hyperliquid's markets.
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