Score

1.47 /10
Danger

PomeloFX

Vanuatu

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.67

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
PomeloFX
VZN FOREX
SANDWIND GLOBAL
Trade245
Topic Markets
InvestLite
Fake FXCM
DeltaMarket
CRYPTO ALTUM
ZERO MARKETS
XTB
BitForex
Starfish
FXCE
UNICORNFX
FXOPEN
Invest Markets
Vantage FX
NETRADEFX PRO
GSI Markets
Fake AMARKETS
FxCitizen
FOREX.EE
eXcentral
ActivTrades
Alfa Success Corp
XBTFX

Broker Information

More

Company Name

PomeloFX LTD

Company Abbreviation

PomeloFX

Platform registered country and region

Vanuatu

Company website

X

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • VanuatuVFSC (license number: 700234) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

PomeloFX · Company summary

Note: For some unknown reason, we cannot open PomeloFXs official site (https://pomelofx.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

General Information & Regulation

PomeloFX, a trading name of PomeloFX LTD, is allegedly a forex broker registered in Vanuatu that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1200 and variable spreads from 0.0 pips on the MetaTrader4 and MetaTrader5 trading platforms, as well as a choice of four different live account types.

As for regulation, it has been verified that PomeloFX is offshore regulated by the Vanuatu Financial Services Commission (VFSC). That is why its regulatory status on WikiFX is listed as “Offshore Regulatory” and it receives a relatively low score of 4.78/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

PomeloFX advertises that the market instruments the users can trade include forex currency pairs, cryptocurrencies, precious metals, energies and indices.

Account Types

PomeloFX claims to offer four types of trading accounts, namely Standard, Islamic, Raw and ECN. The minimum initial deposit amount is $300 for the Standard, Islamic and Raw accounts, while the ECN account has a much higher minimum initial capital requirement of $500. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard and Islamic accounts can experience leverage of 1:500, the Raw account holders can have a leverage of 1:200, while only the ECN account members can enjoy the maximum leverage of 1:1200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

PomeloFX claims that different account types have different spreads and commissions. Specifically, the spread starts from 1.6 pips on the Standard account, from 1.9 pips on the Islamic account, from 0.5 pips on the Raw account and 0.0 pips on the ECN account. As for commissions, there is no commission charged on the Standard and Islamic accounts, while an $8 commission on the Raw account and a $6 commission on the ECN account.

Trading Platform Available

Platforms available for trading at PomeloFX are the industry-standard MetaTrader4 and MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

PomeloFX says to accept payments via credit/debit cards, wire transfers, Neteller and Skrill, while withdrawals can only be with bank transfers. The minimum initial deposit requirement is said to be $100, while there is no mention of what the minimum withdrawal amount is. Withdrawals are not burdened by any fees, and it takes some 3 hours to be processed.

Customer Support

PomeloFX‘s customer support can be reached by email: support@pomelofx.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and LinkedIn. Company address: First Floor, I Count Building, Kumul Highway, Port Vila, Vanuatu. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

More

User comment

2

Comments

Write a review

善仁
more than one year
Honestly this Pomelofx is another offshore broker that is not worth your time or money. My friend Adam told me that he was scammed by this broker six months ago, and he lost $5,000 on this platform. He told me once and once again that this broker is scammer that I should avoid.
Honestly this Pomelofx is another offshore broker that is not worth your time or money. My friend Adam told me that he was scammed by this broker six months ago, and he lost $5,000 on this platform. He told me once and once again that this broker is scammer that I should avoid.
Translate to English
2022-12-05 11:22
Reply
0
0
JiaMiηg。
more than one year
The broker seems to have gone offshore and their website is inaccessible... They support mt4 and mt5, two well-known platforms in the industry. So I just want to visit their website to see what the trading conditions are. Unluckily, I was turned away from their website.
The broker seems to have gone offshore and their website is inaccessible... They support mt4 and mt5, two well-known platforms in the industry. So I just want to visit their website to see what the trading conditions are. Unluckily, I was turned away from their website.
Translate to English
2022-12-02 18:29
Reply
0
0