Frequently asked questions
To provide a better trading experience, PomeloFx listed below the questions commonly asked by traders to help you to understand more about Pomelo Limited.
Our global head office is at 1st Floor, iCount Building, Kumul Highway, Vanuatu.
We’re a privately-owned company. The owners and management team each have over 10 years’ experience working in the financial markets.
- The minimum deposit to open a STANDARD account with us is $100.
- The minimum deposit to open a RAW Spread account with us is $100
- The minimum deposit to open an ISLAMIC account with us is $100.
Our tight variable spreads range from an extremely competitive from 0.5 pips to 2 pips, depending on your account type, the currency pair and market conditions.
The Forex market can be considered one of the fairest and most transparent markets in the world. There are no centralised exchanges (unlike stock exchanges), nor banks or any country that can control the whole FX market. At the same time, the large number of market participants and massive volume of trades that are being transacted on a daily basis means no single institution can manipulate the currency prices.
Traditionally the main participants are the central banks, commercial banks and investment banks. However, in recent years, the impact of internet trading has allowed many more and diverse participants to enter the forex market. Foreign exchange participants now include large financial institutions, fund managers, registered dealers, currency brokers and private investors.
The most liquid currencies generally come from countries with stable domestic politics and well-respected central banks. These currencies are traded most frequently and are known as the major currency pairs. In the foreign exchange market these major currency pairs account for around 85% of the trading volume. These include EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD.
We offer very competitive spreads across Forex, Metals, Energies and Indices.
There are no commission charges for our STANDARD accounts, and as low as $8 for our RAW Spread account.
We use the STP trade execution model where all trades are priced directly from our liquidity providers. Trades are executed at the best bid best offer available prices.Traders are free to use any legal strategies on our platform.