The invention discloses a vibrating motor which comprises a motor body, wherein the motor body is provided with two lead wires, namely, a positive lead wire and a negative lead wire; the positive lead wire and the negative lead wire are connected with a drive circuit and a coil of the motor body; when inputting level signals to the positive lead wire and the negative lead wire, the drive circuit periodically and sequentially inputs a positive level signal and a negative level signal to the positive lead wire, during a signal input period, the input time of the positive level signal is the same as the input time of the negative level signal, and the absolute value of the positive level signal is the same as the absolute value of the negative level signal; the drive circuit continuously inputs negative level signals to the negative lead wire. According to the vibrating motor and a mobile terminal provided by the invention, a smartphone placed on the table surface is prevented from continuously moving in one direction due to the vibration of the vibrating motor and further falling on the ground from the table surface, so that the risk that the smartphone is broken is reduced.