What is ModMount?
About ModMount
ModMount is a CFD broker that's not only pioneering the markets since its inception in 2022 but is also rooted firmly in the Seychelles, upholding stringent standards authorized and regulated by the esteemed Financial Services Authority (FSA).
ModMount boasts an impressive suite of 160 CFD instruments, paired with some of the most competitive spreads in the market, and bolstered by cutting-edge resources like Trading Central and an Economic Calendar.
At the heart of ModMount's client-centric approach is an unwavering commitment to security—evidenced through steadfast policies like negative balance protection and segregated client accounts, ensuring your capital is handled with the utmost care.
Round-the-clock customer support available in multiple languages cements.
ModMount’s status as a broker that harmonises industry-leading features with the peace of mind that FSA regulation brings.
| Headquarters | Seychelles |
| Founded | 2022 |
| Regulated by | FSA(Finance Services Authority) of Seychelles |
| Minimum Deposit | $250 |
| Trading platforms | WebTrader, mobile app, desktop platform (PC, Mac) |
| Available markets | Indices, metals, stocks, Forex, commodities, cryptocurrencies |
| Demo account | yes |
| Islamic account | Yes, upon request |
| Spreads starting from | 0.9 price difference (VIP account) |
| Maximum leverage | 1:400 |
| Deposit Options | Bank transfer, VISA, Mastercard, APMs |
Platforms and Tools
They do not offer the popular MetaTrader 4 or 5, however, traders will get a great in-house trading platform available on desktop and mobile apps.
ModMount WebTrader
ModMount's WebTrader platform stands out as a beacon of accessibility.
Designed with the user in mind, this proprietary platform offers a robust and intuitive interface that caters to novice and seasoned traders.
With ModMount, you have the liberty to trade from anywhere on desktop or mobile.
Diversify your trading portfolio easily, taking advantage of over 160 assets across various classes.
They provide you with more than 60 professional analytical tools, making data-driven decisions the cornerstone of your trading strategy.
Whether you’re reviewing past transactions in the comprehensive trading history or forecasting future market movements, ModMount’s platform harmonises simplicity with depth, redefining what it means to trade smartly and effectively in today’s dynamic economic landscape.
Range of Markets
Over 1700 CFD instruments are offered to trade including cryptocurrencies, currencies, and commodities.
- Currencies:: 45+ fx pairs. including the EUR/USD, EUR/GBP, and USD/JPY.
- Indices: Trade the 12 most popular stock indices such as US500 or US30.
- Cryptocurrencies: Choose among 10 crypto pairs (BTCUSD, ETHUSD, DOGEUSD,..)
- Stocks: Trade on 150+ most popular stocks (Apple, Facebook, Netflix,…)
- Commodities: 12 commodities including corn, cocoa, crude oil,…
Type of Accounts
ModMount offers diverse account types, each tailored to complement your unique trading style and aspirations. From the sturdy bedrock of the Classic account, perfect for those making their first foray into the financial markets, to the prestigious VIP tier, where seasoned traders are rewarded with razor-thin spreads that can sharpen one's trading edge. Ascend through the levels; watch as doors swing wide open to an array of improved spreads, designed meticulously to magnify your trading outcomes and amplify your market conquests.
- CLASSIC (Beginners): Spreads from 2.5.
- SILVER (Advanced Beginners): Spreads from 2.5.
- GOLD (Intermediate Traders): Spreads from 1.8.
- PLATINUM (Advanced traders): Spreads starting from just 1.4.
- VIP (Expert traders): Spreads starting from 0.9.
All accounts include up to 1:400 leverage level, margin call at 100%, stop-out at 20%, negative balance protection, free trading education and support.
Demo account:
They have a free demo account with a 100,000 virtual balance.
Islamic account
ModMount provides an Islamic trading account following the Shariah law without swap commissions, interest charges, and upfront payments.
How to start trading with ModMount?
The account opening process at ModMount is very simple. Just follow the following steps.
Start by navigating to their official website. By clicking on the "create account" button, you’ll go to their registration page. Fill in your details, including your first name and your phone number, and insert a strong password to secure your account.
The next step is to choose a trading account tailored to suit your investment style and needs. They will require you verification of identity and address due to KYC obligations.
Finally, with your account funded, you're all set to start trading with them.
Fees and Commissions
| Spreads | From 0.9 pips (Premium Account) to 2.5 pips (EUR/USD) |
| Inactivity fees | 100$ per month after 30 days without transactions |
| Monthly maintenance fee | $10 |
| Withdrawal fees | 30$ Bank transfer |
Customer Service
ModMount offers an excellent customer support system that is the backbone of its robust trading platform.
Their multilingual team is available from Monday to Friday to assist you. Engaging with them is seamless, be it through live chat, phone, or email, with dedicated professionals fluent in both English and Arabic.
Education and Trading Tools
Their comprehensive educational tools are designed for both advanced and beginner traders, offering an array of in-depth trading courses. You will find chart analyses, an economical calendar, up-to-the-minute news feeds and expert insights from Trading Central.
Deposit Options
For traders to make a deposit, ModMount Broker offers several options. These options include using a bank transfer, credit/debit cards, electronic wallets such as MiFinity, or cryptocurrencies. Each deposit method varies in processing time.
The minimum deposit requirement is $250 for all deposit options.
Regulations
In the heart of Seychelles' thriving financial district, ModMount broker stands as a model of regulatory compliance and client security, operating under the close monitoring of the Financial Services Authority. (FSA). As a subsidiary of Modmount Services Limited, with a strong registration number 8426105-1, this broker heralds a new era of trust in the forex trading scene. Each client is invested within separate funds, ensuring that personal capital is untouched by company assets—an assurance that immunizes clients against unexpected market disruptions. With strict supervision from the Financial Regulatory Authority, ModMount forms the bedrock of customer trust through full compliance and financial integrity, protecting traders' endeavors to achieve success in the market.
ModMount Broker Review: Conclusion
We think that ModMount is one of the most well-respected trading brokers in the forex industry, so they have adhered to regulatory standards as set by the FSA in Seychelles
Their trading conditions are fair for all clients and uphold the integrity of their funds by maintaining segregated accounts, distinct from the company's finances.
We’ve found that its proprietary trading platform is a user-friendly interface, and it’s suitable for all types of trading levels
They provide excellent dedicated customer support in both English and Arabic.
Additionally, they offer a comprehensive suite of trading tools designed to enhance the trading experience and assist traders in making informed decisions.
FAQ:
Does ModMount offer a free demo account?
- Yes, they offer a free demo account with a balance of 100,000 virtual funds.
Does ModMount accept clients from the UAE and Saudi Arabia?
- Yes, they do.
Is ModMount a trusted broker?
-ModMount is a regulated broker by the Financial Services Authority (FSA) of Seychelles. They offer negative balance protection and segregated accounts for all their clients.
What is the minimum deposit at ModMount?
- They have a minimum deposit of $250 for all accounts.
Does ModMount offer an Islamic account?
- Yes, They provide an Islamic account without swap commissions and interest rates.
ModMount Details
