ModMount is an NDD brokerage company, providing commission-free Forex trading, and access to Commodity Futures. The broker accepts Apple Pay, Google Pay, and Crypto payments
ModMount (Is it Regulated?)
ModMount Services Limited is registered in the Seychelles and is regulated by the Seychelles Financial Services Authority under license number SD119. It’s in the same group of companies as FXNovus broker and Peaksight Ltd (regulated by CySEC). Key features of ModMount:
- Offshore regulated (FSA);
- Leverage options up to 1:400;
- Trading servers in a SAS (70 certified areas);
- 160+ trading instruments;
- Commodity futures.
ModMount Specific Details
Let's drill down into some of the specific details that make ModMount unique in the crowded world of online Forex brokers.
Broker | ModMount |
Account Types | Classic, Silver, Gold, Platinum, VIP |
Regulating Authorities | FSA |
Based Currencies | USD, EUR, CHF |
Minimum Deposit | $250 |
Deposit Methods | Credit/Debit Cards, Wire Transfer, Crypto, Gpay, ApplePay, EFT, PIX, WebPay, Gcash, PayMaya, Mobile Money, Sticpay, Jeton |
Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Crypto, Gpay, ApplePay, EFT, PIX, WebPay, Gcash, PayMaya, Mobile Money, Sticpay, Jeton |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:400 |
Investment Options | None |
Trading Platforms & Apps | WebTrader, Proprietary Mobile/Desktop App |
Markets | Forex, Metals, Indices, Commodities, Shares, Crypto, CFDs |
Spread | Variable based on the account type |
Commission | None |
Orders Execution | NDD |
Margin Call / Stop Out | 100% / 20% |
Trading Features | Chart Analysis, Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | Partnership |
Islamic Account | N/A |
PAMM Account | No |
Customer Support Ways | Email, Phone, Live Chat, Ticket |
Customer Support Hours | 24/7 |
ModMount Broker Account Types
The company offers 5 main account types, which are basically the same. The only difference between them is their spread. Classic, Silver, Gold, Platinum, and VIP are the names of ModMount accounts with the following key features.
Min Deposit | $250 |
Max Leverage | 1:400 |
Margin Call | 100% |
Stop Out | 20% |
Min Order Size | 0.01 lots |
Max Order Size | 50 lots |
ModMount Registration and Verification
Opening an account with the company involves a straightforward registration process, followed by a mandatory verification step to comply with regulatory requirements.
- Visit the official website at “https://www.modmountltd.com/”;
- Click “Start Trading”;
- Fill out the sign up form;
- Provide proof of identity (passport or driving license) proof of address (utility bill or bank statement);
- Submit the verification of payment method (cards and e-wallets).
What Trading Platforms Are Available on ModMount?
ModMount offers a streamlined approach to trading platforms, focusing on its proprietary solutions rather than third-party options. The broker’s main offerings consist of a robust WebTrader and a Mobile/Desktop proprietary app.
Note that the mobile app is not available on any app store. However, you can test it using the Firebase App Distribution.
ModMount Fees and Commissions
We must discuss the fee structure in this ModMount review. The broker has a simple fee policy consisting of only spreads. So, there are no commissions on ModMount.
Spreads differ based on the account type and instruments. We gather the spreads for some of the most popular instruments in the table below.
Account Type | EURUSD | GBPUSD | USDJPY | Crude Oil |
Classic | 2.5 | 2.8 | 2.8 | $0.14 |
Silver | 2.5 | 2.8 | 2.8 | $0.14 |
Gold | 1.8 | 2.3 | 2.3 | $0.13 |
Platinum | 1.4 | 2 | 2 | $0.12 |
VIP | 0.9 | 1.4 | 1.4 | $0.10 |
ModMount Deposit / Withdrawal
The company offers a wide array of deposit and withdrawal options to cater to its global clientele with different preferences.
- Credit/Debit Cards: Master Card and Visa;
- Bank Wire;
- APMs: Crypto, Gpay, ApplePay, EFT, PIX, WebPay, Gcash, PayMaya, Mobile Money, Sticpay and Jeton.
Copy Trading and Investment Plans on ModMount Broker
Unfortunately, the broker doesn’t provide copy trading or social trading services. It doesn’t offer any exclusive investment plans. Lack of passive income programs can be a letdown for those who seek to earn profits on their free assets.
ModMount Partnership Program
The company offers an attractive partnership program to reward individuals and businesses for referring new clients to the broker.
- Rewards for each successful referral;
- Volume-based rebates;
- Exclusive programs for top partners.
ModMount Broker Customer Support
The company provides multilingual support through various channels, including email, live chat, and phone calls.
support@modmountltd.com | |
Live Chat | Available on the official website |
Phone | +447701421264 |
Ticket | Through the “Contact Us” page |
ModMount User Reviews
Trust score is a key element in this ModMount review. User reviews provide valuable insights into a broker's performance and reliability. 254 users have rated ModMount Ltd on TrustPilot. The broker’s overall score is 3.5 out of 5, with 37% of the reviews being 1-star.
Conclusion and Final Words
ModMount provides direct and 24/7 access to 160+ trading products across 7 asset classes, including Forex and Crypto. The broker has a score of 3.5 on TrustPilot and doesn’t provide services to US citizens.
