Does the Fomo Referral Code Apply to Perps?

What Fomo's Terms Actually Say About Perps Fees

fomo added Perps — leveraged, third-party derivative contracts — as a separate product from its standard spot trading. Its Terms of Service cover this in a dedicated "Perps Fees" section: fomo charges 0.05% per transaction on Perps, "in addition to any fees charged by the applicable third-party protocol(s)," which can include that protocol's own trading fees and funding rate payments. fomo reserves the right to change this fee at any time, though it says it will use commercially reasonable efforts to announce changes first.

That 0.05% figure is fomo's own stated number, not an estimate. Other sites covering this topic have published guesses in the 0.09–0.1% range based on the underlying protocol's public fee schedule — reasonable, but not what fomo itself discloses. We're going with fomo's own terms.

Does pav098 (or Any Referral Code) Discount Perps?

Nothing in fomo's terms says so. The referral discount — the 0.50%-to-0.45% drop that pav098 and every other working fomo code gives — is described specifically for standard trading fees. The Perps Fees section is written independently and makes no reference to referral codes, discounts, or the standard fee at all. The honest answer is that the discount is documented for spot trading only, and whether it silently extends to perps isn't stated anywhere fomo publishes.

If that changes, or if you find a specific statement from fomo saying otherwise, we'll update this page and the date above.

Who Can Actually Trade Perps on Fomo

This part matters more than the fee for a lot of people, because it's a hard eligibility line, not a pricing detail:

• Not available to U.S. Persons. fomo's terms exclude Perps (and Robinhood Tokens) for U.S. Persons, defined broadly to include U.S. residents, citizens, permanent residents, and U.S.-organized entities — not just people physically in the US.
• Additional jurisdictions may be restricted at fomo's discretion, on top of the sanctioned-country list that applies to the whole platform (fomo's terms name Crimea, Cuba, Donetsk, Iran, Libya, Luhansk, Myanmar, North Korea, Sudan, Venezuela and Yemen, among others).
• Identity verification may be required. fomo's terms reserve the right to require KYC specifically as a condition of Perps access, separate from whatever is required to open a standard account.

Spot vs. Perps, Side by Side

Where This Comes From

Every figure above is pulled directly from fomo's own Terms of Service — the Perps Fees and Perpetual Futures sections specifically — not from a third-party estimate. Terms change, and fomo says it will try to announce fee changes first, but it isn't obligated to notify every site covering it. If you're about to trade perps for real money, check the fee line in the app and the current terms before you do, the same way we'd tell you to check the spot rate.

Using pav098 for Spot Trading

None of the above changes what pav098 does for ordinary spot trades: open fomo.family/r/pav098 or enter pav098 at sign-up to pay 0.45% instead of 0.50%. See fomo fees explained for the full spot fee breakdown, or how to use a fomo referral code if you already have an account.

Frequently Asked Questions

Source: fomo Terms of Service (Perps Fees & Perpetual Futures sections)