Which Countries Does the Fomo App Restrict?

Fomo excludes residents, citizens and companies from twelve named jurisdictions. These restrictions appear in the opening paragraph of the Fomo Terms of Service, revised on 17 August 2026. Two additional clauses cover territories embargoed by the United States, the United Kingdom or the European Union, along with countries where crypto transactions are prohibited or restricted.

Any one of four connections can trigger the ban: citizenship, residence, physical location or place of incorporation. An Iranian passport holder based in Dubai is therefore excluded, as is a Canadian company with a Cuban office. People named on US, UK or EU sanctions lists are barred regardless of their location.

Fomo Restricted Countries List

The table includes every jurisdiction named in the Terms, followed by the broader catch-all categories:

Russia does not appear by name, although Robinhood includes it on the separate restricted list for stock tokens. Instead, Fomo relies on its sanctions catch-all. How Russian residents are treated therefore depends on the company's interpretation of that clause.

Its also important to highlight that a VPN offer no protection. Fomo considers the use of circumvention tools a material breach of its Terms and may suspend or terminate an account without notice. For perpetuals and stock tokens, it may also use location blocking, identity verification and behavioural analysis to enforce the restrictions. The company reserves the right to cooperate with regulators.

Product-Level Restrictions

Perpetuals and stock tokens carry additional exclusions because they are supplied by outside firms with their own eligibility rules.

Why Does Fomo Restrict These Countries?

The reason behind an exclusion can indicate how likely it is to change.

The forces behind each exclusion:

• Sanctions law: FOMO Labs is a US company governed by New York law, which makes it directly subject to programmes administered by OFAC, the US Treasury's sanctions office. Comprehensive embargoes cover Iran, Cuba, North Korea and the occupied Ukrainian regions. Targeted programmes apply to Sudan, Libya, Yemen, Myanmar, Venezuela and the DRC, making it impractical to onboard residents from those markets.
• Local crypto bans: Any country that prohibits or restricts crypto transactions is excluded under the Terms. This provision captures mainland China and the small number of states with outright bans, without requiring Fomo to publish a separate register for each country.
• Third-party protocol rules: The venues supplying perps and stock tokens are not operated by Fomo. Hyperliquid and Trade[XYZ] operate outside US derivatives registration. Robinhood Europe UAB is a Lithuanian investment firm that cannot offer its tokens to US persons. Fomo adopts these providers' exclusions in full.
• US securities law: Robinhood states on its restricted jurisdictions page that its tokens are unregistered under the Securities Act of 1933. They may only be sold outside the United States to non-US persons under Regulation S, making the US restriction absolute rather than discretionary.

Fomo Supported Countries

Fomo is available outside the restricted markets to anyone who can install its iOS or Android app or use the web version. Trades settle from a wallet controlled by the user, so the company maintains no market-by-market licensing footprint and does not publish a supported-country list.

According to Similarweb's July figures, the United States generated 50.85% of visits to fomo.family. Germany accounted for 5.6%, followed by the United Kingdom at 4.11%, Canada at 3.68% and Australia at 3.54%. Monthly visits reached roughly 2 million, an increase of 197.8% from June, while the site rose to 68th place in Similarweb's US investing category.

The iOS app entered the top five US finance apps in late August. It passed Cash App and briefly ranked above Kalshi. Meanwhile, the Android version surpassed one million installs. Supported networks include Solana, Base, BNB Chain, Ethereum, Monad and Robinhood Chain.

Can I Use Fomo in the USA?

Spot trading is available in the United States, which is also Fomo's largest market. American users can create a wallet and fund it by card or Apple Pay, then swap tokens across every supported chain. Identity documents are not collected by the app, although its payment partner conducts separate checks on deposits.

In March, the CFTC issued a no-action letter. This staff commitment not to pursue enforcement allows self-custodial wallet software to connect users with registered derivatives venues without registering as an introducing broker, meaning a licensed intermediary that brings customers to an exchange.

The SEC's Division of Trading and Markets followed in April with a staff statement that exempts "covered user interfaces" from broker-dealer registration. Neither position is a formal rule. The SEC statement also expires after five years unless the Commission takes further action.

These positions do not allow Americans to trade perps through Fomo. The CFTC relief applies to access involving registered exchanges, a category that excludes Hyperliquid and Trade[XYZ]. Fomo therefore keeps its perpetuals closed to every US person.

Under the Terms, this definition covers citizens and permanent residents who live abroad, US-incorporated entities, and trusts with a US trustee. Attempting to reach perps through a VPN can result in immediate termination.

Robinhood stock tokens are also unavailable to Americans. Those seeking leveraged exposure can review the best crypto exchanges in the USA or our guide explaining whether Hyperliquid is available in the United States.

Can I Use Fomo in the EU and the UK?

European users can access spot trading and perps. Residents of the EU may also trade Robinhood stock tokens through the app. Robinhood Europe UAB, a Lithuanian investment firm, issues the tokens and made them available across more than 120 countries when Robinhood Chain launched in July. Fomo excludes the UK and Switzerland from this product but leaves the EEA open.

Availability does not resolve the underlying regulatory position. MiCA, the EU's Markets in Crypto-Assets regulation, completed its transition period on 1 July. Fomo does not appear in the ESMA register of authorised crypto-asset service providers.

MiCA excludes services delivered in a fully decentralised manner without an intermediary. European supervisors have yet to determine whether that exemption applies to an app that charges a fee on each swap made through its own interface.

The FCA's cryptoasset regime allows firms to apply for authorisation from 30 September. After October 2027, any platform serving UK customers without permission will be operating unlawfully. Fomo has not announced an application, and no FCA warning against the company was found at the time of writing.

UK users can access spot trading and perps, but Robinhood stock tokens remain unavailable. Assets held through the app receive no protection from the Financial Services Compensation Scheme or the Financial Ombudsman. Readers seeking a supervised venue can compare the best MiCA-licensed crypto exchanges or the best crypto exchanges in the UK.

Fomo Licensing and Regulation

Fomo has no financial licence in any jurisdiction. Section 18 of its Terms says the company is neither registered with nor licensed by a regulatory authority. It also states that Fomo does not act as a broker, exchange or adviser and processes none of its users' transactions.

What stands behind the app instead of a licence:

• Corporate base: FOMO Labs, Inc. is a US company operating under Terms governed by New York law. Disputes are handled through individual arbitration by National Arbitration and Mediation. Users waive jury trials and class actions, while claims must be filed within one year.
• Wallet infrastructure: Privy generates the wallets and splits the private keys, preventing any single party, including Fomo, from moving user funds. The key remains available for users to view or export at any time.
• Interim US relief: Staff positions issued by the CFTC and SEC in the spring describe the category in which Fomo operates. Neither document addresses the company by name, and both positions can be withdrawn.
• Sanctions screening: Fomo's Terms allow it to block wallet addresses linked to sanctions lists maintained by OFAC, the UK or the EU. The company can also require identity documents before granting access to perps.
• No compensation scheme: Users receive no deposit insurance, ombudsman protection or investor compensation in any country. There is no recovery route for a failed sale, collapsed token or lost device.

Does Fomo Require KYC?

Opening a wallet and trading spot tokens do not require know-your-customer identity verification. Users sign up with an email address or Apple ID, after which a wallet is generated automatically. Each swap settles onchain from that wallet. Since the company never takes custody, it does not receive a passport or utility bill.

Fiat deposits made through a card, Apple Pay or Google Pay are handled by a regulated payment partner. That provider conducts its own checks, so the first purchase may prompt a document request even though Fomo itself does not ask for one.

Section 10 of the Terms allows the company to make KYC a condition of perps access. It may also block any wallet associated with a sanctioned address without warning.

Without routine document checks, geographic enforcement depends on IP detection and behavioural analysis. This is weaker than the screening used by exchanges that verify every account. A passport from a restricted country will only become visible if Fomo requests it.

What Happens If Fomo Blocks Your Account?

An account block works differently on Fomo than a freeze imposed by a centralised exchange because the company never holds the funds. Section 22 of the Terms permits access to be suspended or terminated at Fomo's discretion and without notice. The assets, however, remain in the user's wallet on the underlying blockchain.

What the Terms allow, and what they cannot touch:

• Loss of the interface: Termination removes access to the app, social feed and leaderboard. The private key remains intact and can be exported through Privy into a compatible wallet, allowing the user to recover the tokens.
• Open perps positions: Positions remain on Hyperliquid or Trade[XYZ] under the user's address, so blocking Fomo access does not close them. An exported key allows the user to manage or exit the trade directly through the protocol.
• Referral and reward clawbacks: Fomo may void or reclaim fee rebates and referral credits linked to self-referral or manipulation at its sole discretion.
• Leaderboard removal: Rankings or profit metrics considered manipulated can be reset or deleted. Any associated prizes may also be withdrawn.
• Dispute limits: Users must bring claims within one year through arbitration in New York and waive the right to participate in a class action.

About Fomo

Paul Erlanger, Sae Young Park and Prashan Dharmasena founded FOMO Labs in early 2025 after previously working at the derivatives exchange dYdX. The app launched publicly that May.

More than 140 angel investors participated in a $2 million pre-seed round. Benchmark later led a $17 million Series A in November, followed by a $75 million Series B led by Index Ventures this June at a $550 million valuation.

Perpetuals were added through Hyperliquid and Trade[XYZ] in June. Support for Robinhood Chain arrived after the network's July mainnet launch, placing Robinhood stock tokens beside memecoins in the same feed. By the Series B, Fomo reported more than 600,000 users and $4 billion in cumulative trading volume. Our Fomo app explainer covers its fees, wallet architecture and social features.

Final Thoughts

Fomo maintains a relatively short, conventional country list based on sanctions law and a catch-all provision for crypto bans. Most practical restrictions arise at the product level, since users in the app's largest market cannot access either perps or stock tokens.

US staff guidance has strengthened the legal footing of Fomo's spot business. Perps will remain unavailable to Americans unless the underlying venues obtain US registration. Europe presents the opposite situation, offering full product access while the MiCA position remains unresolved.

Check the latest Terms before depositing funds. Fomo places its restricted list in the opening paragraph and may change it at any time.