ModMount Review
CONTENT
ModMount is an esteemed Forex and CFD broker that offers its services to inexperienced beginners and seasoned professionals. The Broker provides access to ample educational resources and intuitive tools and has a trust score of 80 out of 99.
 | Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
| Broker | ModMount |
| Regulation | Financial Services Authority (FSA) |
| Base Currencies | EUR USD CHF |
| Spreads | Flexible |
| Leverage | Up to 1:400 on Major Forex Pairs |
| Currency Pairs | 45+ |
| Minimum Deposit | 250 USD |
| Inactivity Fee | Yes |
| Fees and Commissions | Spreads, no commissions, swap fees, withdrawal fees, inactivity fees, etc. |
| Open an Account |  |
Overview
ModMount is a Seychelles-based forex and CFD broker regulated by the 🇸🇨 Financial Services Authority (FSA) of Seychelles. It offers a user-friendly platform, customizable accounts, and access to over 160 instruments, including forex, commodities, stocks, indices, and cryptocurrencies. While some traders commend its features, others have raised concerns about withdrawal issues and customer support responsiveness.
Frequently Asked Questions
What is the minimum deposit required to start trading with ModMount?
The minimum deposit is $250 USD, EUR, or JPY. This amount is consistent across all account types.
Does ModMount offer cryptocurrency trading?
Yes, ModMount provides CFD trading on various cryptocurrencies, allowing traders to diversify their portfolios.
Our Insights
ModMount offers a comprehensive trading platform with a variety of instruments and account options. While it provides high leverage and a user-friendly interface, potential traders should be aware of mixed reviews regarding withdrawal processes and customer support. It’s advisable to conduct thorough research and consider personal trading needs before choosing ModMount as a broker.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Fees, Spreads, and Commissions
ModMount provides competitive trading conditions with variable spreads and zero commissions on deposits. Traders appreciate the flexible pricing and rapid order execution, although some reviews note that spreads widen during volatile market periods. Overall, ModMount balances cost efficiency with advanced trading tools for serious investors.
| Account Type | EUR/USD Spread | GBP/USD Spread | USD/JPY Spread |
| Classic | 2.5 | 2.8 | 2.8 |
| Silver | 2.5 | 2.8 | 2.8 |
| Gold | 1.8 | 2.3 | 2.3 |
| Platinum | 1.4 | 2.0 | 2.0 |
| VIP | 0.9 | 1.4 | 1.4 |
Frequently Asked Questions
What spreads does ModMount offer on major currency pairs?
ModMount provides flexible spreads depending on the account type. For Classic accounts, EUR/USD spreads start at 2.5 pips, GBP/USD at 2.8 pips, and USD/JPY at 2.8 pips. Higher-tier accounts offer lower spreads and faster execution for more experienced traders.
Are there commissions or hidden fees on trades?
ModMount charges zero deposit commissions and no trading commissions. However, variable spreads and market conditions may affect costs. Traders benefit from transparent fee structures, while advanced tools support timely execution and better cost management.
Our Insights
ModMount offers a competitive trading environment with low fees and flexible spreads. Traders enjoy high leverage, professional tools, and transparent account structures. Nevertheless, occasional spread fluctuations and market-dependent fees require careful planning for optimal cost efficiency.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Minimum Deposit and Account Types
ModMount allows traders to start with minimal capital and provides multiple account tiers. Accounts range from Classic to VIP, each offering unique benefits. Third-party reviews highlight that the broker’s structured account levels encourage growth, while providing educational tools and fast execution for diverse trading styles.
| Account Type | Open an Account | Min Deposit | Max Leverage | Key Features |
| Classic | | 250 USD | 1:400 | Flexible spreads, demo account 160+ CFDs |
| Silver | | 500 USD | 1:400 | Same as Classic with slightly lower spreads |
| Gold | | 1000 USD | 1:400 | Tighter spreads, faster execution, more tools |
| Platinum | | 2500 USD | 1:400 | Swap discounts, advanced analytics, premium support |
| VIP | | 5000 USD | 1:400 | Lowest spreads, priority support, top-tier tools |
Frequently Asked Questions
What is the minimum deposit to open a Classic account?
The minimum deposit for a Classic account is $250 USD. This account type offers maximum Forex leverage up to 1:400, access to 160+ CFD assets, and flexible spreads, allowing traders to practice strategies and gain market experience efficiently.
How do account tiers differ at ModMount?
Account tiers increase trading benefits progressively. Higher-tier accounts, such as Gold, Platinum, and VIP, offer tighter spreads, faster transactions, better leverage, and advanced analytical instruments to maximize trading potential while supporting more ambitious financial goals.
Our Insights
ModMount offers flexible account structures suitable for both beginners and professionals. Each tier provides clear advantages, including leverage, tools, and support. Consequently, traders can select accounts matching their experience and trading goals while progressively gaining access to better conditions and advanced resources.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
How to Open a ModMount Account
Opening a ModMount account is a straightforward process that can be completed online. By following a few simple steps, you can create a live or demo account, complete identity verification, and start trading on ModMount’s web or mobile platform.
1. Step 1: Visit the ModMount Registration Page
Navigate to the official ModMount website and click on the “Create Account” or “Sign Up” button to begin your application.
2. Step 2: Complete the Online Form
Enter your personal details, including your full name, email address, phone number, and create a secure password. You may also need to answer a short trading experience questionnaire.
3. Step 3: Confirm Your Email
Open the verification email from ModMount and click the activation link to access your client area.
4. Step 4: Submit KYC Documents
Upgrade to a live account and upload a valid government-issued ID and proof of residence to complete identity verification.
5. Step 5: Fund Your Account and Choose a Platform
Go to the Money Management section, pick a deposit method from the available options, fund your account, then choose web or mobile to start trading.
This entire process can be completed in minutes for registration, although KYC review times may vary.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Trading Platforms and Tools
ModMount offers a flexible trading experience through its WebTrader and mobile app. Traders praise the intuitive interface, 60+ analytical tools, and access to 160+ CFDs on Forex, commodities, stocks, indices, and cryptocurrencies. Strong security measures and multilingual support enhance usability across devices.
| Feature | Details |
| CFDs Available | 160+ |
| Analytical Tools | 60+ professional instruments |
| Platform Access | WebTrader and mobile app |
| Support | Multilingual professional support |
Frequently Asked Questions
What can I trade on ModMount platforms?
ModMount provides access to over 160 CFDs, including Forex, commodities, stocks, indices, and cryptocurrencies. Both WebTrader and the mobile app offer one-click account switching, real-time rate streaming, price alerts, and stop-loss tools to execute strategies efficiently.
How do I install the ModMount mobile app?
To install the mobile app, visit Firebase, sign up with your email, and check for an invitation link. Enable installations from unknown sources, accept the invitation, download App Tester, then install the ModMount app to start trading on your mobile device.
Our Insights
ModMount delivers a versatile trading ecosystem through WebTrader and a mobile app. Traders can access global markets with professional tools, real-time alerts, and strong security. Mobile installation requires a few steps, but once complete, users gain full-featured trading flexibility anytime, anywhere.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Markets available for Trade
ModMount offers traders access to over 350 CFDs spanning six asset classes, including Forex, stocks, indices, commodities, and cryptocurrencies. With leverage up to 1:400, competitive spreads, and a user-friendly platform, it caters to both novice and experienced traders seeking diverse market opportunities.
| Asset Class | Number of Instruments | Leverage Available |
| Forex | 45+ FX pairs | Up to 1:400 |
| Stocks | 160+ CFDs | Up to 1:400 |
| Indices | Major global indices | Up to 1:400 |
| Cryptocurrencies | Various CFDs | Up to 1:400 |
Frequently Asked Questions
What markets can I trade on ModMount?
ModMount provides access to over 350 CFDs across six asset classes: Forex, stocks, indices, commodities, cryptocurrencies, and metals. This diverse range allows traders to explore various market opportunities.
Is ModMount regulated?
Yes, ModMount is licensed by the 🇸🇨 Seychelles Financial Services Authority (FSA). While this offers a level of oversight, it may not provide the same investor protections as brokers regulated by Tier 1 authorities.
Our Insights
ModMount stands out for its extensive range of tradable assets and flexible trading conditions. While it offers high leverage and a user-friendly platform, potential traders should consider its regulatory status and ensure it aligns with their risk tolerance and trading objectives.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Customer Support
ModMount provides responsive customer support for traders facing issues or inquiries. Available Monday to Friday from 12:00 to 21:00 GMT, the support team offers email, live chat, and phone assistance, ensuring users can resolve problems quickly and maintain smooth trading operations.
Frequently Asked Questions
What are ModMount’s customer support hours?
ModMount’s support team is available Monday to Friday, from 12:00 to 21:00 GMT. Traders can reach out for assistance during these hours via email, live chat, or phone for any account, trading, or technical inquiries.
How can I contact ModMount support?
You can contact ModMount support via email at [email protected], use the live chat feature on the website, or call +44 7701 421264. A contact form is also available for detailed inquiries and messages.
Our Insights
ModMount offers reliable and multi-channel customer support, making it easier for traders to resolve issues and access guidance. Support availability during key trading hours ensures timely assistance, contributing to a smoother and more confident trading experience.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Customer Reviews and Trust Scores
ModMount has garnered a mix of reviews from traders worldwide. While some users appreciate its user-friendly platform and competitive spreads, others have raised concerns about withdrawal issues and customer support responsiveness. Potential clients need to weigh these reviews carefully before engaging with the broker.
| Source | Average Rating (5) | Notable Feedback |
| Trustpilot | 2.6 | Mixed reviews; some praise platform speed, others report withdrawal issues |
| SiteJabber | 2.9 | General dissatisfaction with services |
| Reviews.io | 1.63 | Predominantly negative reviews; concerns over trustworthiness |
| BrokersView | 1 | Claims of fake positive reviews and lost funds |
| Forex-Ratings | Mixed | Positive experiences highlighted, but some mention lack of mobile trading options |
While ModMount offers a range of trading services, prospective clients should exercise caution and conduct thorough research before committing.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Discussions and Forums about ModMount
Online forums and discussions reveal a spectrum of opinions about ModMount. Some traders share positive experiences, highlighting the broker’s platform features, while others caution against potential risks and challenges faced during trading. Engaging with these discussions can provide a broader perspective on the broker’s reputation.
| Forum/Source | Key Discussion Points |
| BrokersView | Allegations of fake positive reviews and lost funds |
| Barabri Party Pakistan | Warnings about untrustworthy brokers and the importance of regulatory certifications |
| Forex-Ratings | Mixed reviews; some commend platform reliability, others note lack of mobile trading |
| Articles discussing potential scams and the need for vigilance in forex trading |
Engaging with online discussions can offer valuable insights, but it’s crucial to critically assess the information shared.
| Minimum Deposit: $250 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Leverage up to 1:400 | Inactivity fees after 30 days |
| Personalized web trading platform | Limited educational and research tools |
| Free demo account with 100,000 virtual funds | Withdrawal processing times can vary |
| Multilingual customer support available | No MetaTrader 4/5 platform |
| Offers Islamic accounts without swap fees | Limited leverage for stock CFDs |
References:
In Conclusion
ModMount is a Seychelles-based forex broker regulated by the Financial Services Authority (FSA) of Seychelles. While its primary operations are centered in Seychelles, the broker has established a physical presence in Cyprus. ModMount offers multilingual customer support, including English and Arabic, and assists with email, live chat, and phone. Countries with ModMount Local Offices and Customer Support include:
- 🇸🇨 Seychelles
- 🇨🇾 Cyprus
ModMount’s customer support is available from Monday to Friday, offering assistance in multiple languages to cater to a diverse client base. Traders can reach the support team through various channels, ensuring accessible and responsive service.
Faq
The minimum deposit is $250 USD, EUR, or JPY.
Yes, ModMount provides a free demo account with a balance of 100,000 virtual funds.
Yes, inactivity fees apply: $100 after 30 days, $250 after 60 days, and $500 after 180 days of no trading activity.
ModMount offers multilingual customer support, including English, Spanish, German, French, Arabic, and more.
