Short answer: open the position in your portfolio, tap sell, choose a percentage, confirm. The part worth reading is the arithmetic: FOMO charges the fee on the exit as well as the entry, so the real cost of a completed trade is 1.00% of position size, not 0.50%. A token has to rise 1% before you break even.
People plan around 0.50%. The number is 1.00%.
Every guide to this app, ours included until we did this arithmetic properly, quotes FOMO's fee as 0.50%. That is the cost of one leg. A trade you actually complete has two.
| Position | Buy fee | Sell fee | Total | Break-even move |
|---|---|---|---|---|
| $50 | $0.95 | $0.95 | $1.90 | +3.80% |
| $100 | $0.95 | $0.95 | $1.90 | +1.90% |
| $500 | $2.50 | $2.50 | $5.00 | +1.00% |
| $5,000 | $25.00 | $25.00 | $50.00 | +1.00% |
With a referral code the round trip is 0.90% instead of 1.00% — the discount applies on both legs, which is where a fee discount quietly earns its keep. Slippage sits on top of all of it, twice, and on thin memecoin liquidity it frequently exceeds the fee itself.
Closing a position
Open the position
Portfolio tab, then the token. The screen shows your entry, current value and unrealised profit or loss.
Choose how much
Percentage buttons — 25%, 50%, 100% — or a custom amount. Partial exits are the useful case, covered below.
Check slippage before confirming
Exiting a falling token is exactly when liquidity is thinnest and slippage worst. This is the moment it costs you.
Confirm
Proceeds land in your wallet as SOL or a stablecoin. From there you can trade again or withdraw.
Partial exits and the fee minimum
Taking profit in slices is sound risk management and it collides with FOMO's fee floor. Each slice is a separate trade, and each slice under about $190 pays the full $0.95 minimum.
Selling a $400 position in four $100 slices costs $3.80. Selling it in one go costs $2.00.
The rule that follows: scale out in two or three larger slices, not eight small ones. You keep most of the risk management and lose most of the fee penalty.
What FOMO cannot do for you
- No stop-loss. Exits are manual. If a stop matters to your strategy, a terminal with order types is the right tool and this comparison ends there.
- No limit sell. You take the market price at the moment you tap.
- No exit from an illiquid token. If the liquidity pool has been drained, there is no buyer and no app can conjure one. Check liquidity on DexScreener before you enter, not after.
The unglamorous part
Most losses in this category are not from picking a bad token. They come from a break-even that was never reachable at the trade size used — a $50 position needing a 3.8% move before a cent of profit — repeated dozens of times. Trade size is a strategy decision, not an administrative one.
Related: opening the position, the full fee breakdown, getting the money out, and the referral code that takes 10% off both legs.
Sources
Every figure on this page comes from one of these. We link them so you can check us rather than trust us.