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5.23/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • No
Trading platform:
  • ModMount WebTrader
Regulation:
  • FSA (Seychelles)
Foundation date:
  • 2022
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Our Evaluation of ModMount

5.23/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

ModMount is a moderate-risk broker with the TU Overall Score of 5.23 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ModMount clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

Brief Look at ModMount

ModMount Services Limited operates under the regulatory oversight of the Financial Services Authority (FSA) in Seychelles, holding license number SD119. ModMount's mission is dedicated to delivering top-tier services to each client. The company prioritizes offering unparalleled comfort along with premium trading conditions, such as tailor-made accounts, real-time market updates, round-the-clock access to the market through web and mobile trading, and a range of other valuable features.

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TU Expert Advice

Andrey Mastykin

Author, Financial Expert at Traders Union

ModMount facilitates trading CFDs on Forex, commodities, stocks, indices, and cryptocurrencies, utilizing its ModMount WebTrader platform. The broker supports multiple account tiers, accommodating different trading expertise, and provides leverage up to 1:400. Advantages include seamless cross-platform order execution and educational resources that enrich user experience. ModMount features one-click trading and offers Trading Central for informed trading decisions.

However, ModMount operates under the Seychelles FSA regulation, which may not be as stringent as other regulatory authorities. The broker also charges above-average Forex trading fees and applies withdrawal and inactivity fees. These aspects may not be ideal for cost-conscious traders. Overall, ModMount is more suited to experienced traders comfortable with its fee structure and regulatory oversight.

ModMount Trading Conditions

💻 Trading platform: ModMount WebTrader
📊 Accounts: CLASSIC, SILVER, GOLD, PLATINUM, VIP
💰 Account currency: EUR/USD/JPY
💵 Deposit / Withdrawal: Credit/Debit Cards, Wire Transfer and APMs.
🚀 Minimum deposit: None
⚖️ Leverage: up to 1:400
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,4-0,7 pips
🔧 Instruments: CFD Products Indices, Forex, Crypto, Stocks, Commodities
💹 Margin Call / Stop Out: 100/20%
🏛 Liquidity provider: No
📱 Mobile trading: No
➕ Affiliate program: Yes
📋 Order execution: NDD
⭐ Trading features: No
🎁 Contests and bonuses: No

ModMount stands out as a prime broker, specializing in VIP-class services for trading CFDs across Forex, commodities, stocks, indices, cryptocurrencies, and precious metals. The company prioritizes a dependable and user-friendly trading environment, employing cutting-edge solutions.

At ModMount, they take pride in facilitating a seamless experience for its users. ModMount offers effortless registration, demo accounts for practice, and personalized live accounts spanning various levels. The platform supports cross-platform trade order execution, ensuring high-speed market access. Features like one-click trading and a wealth of educational materials further enhance the trading journey. The company offers access to Trading Central to help traders make more effective decisions.

Comprising a team of dedicated professionals, ModMount is driven by the vision of delivering top-tier services to traders and investors on a global scale.

ModMount Key Parameters Evaluation

User Satisfaction i

Score:
6/10

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yontommy
16 weeks ago

I've been working with ModMount for over a year and a half, and can confidently say that it's a broker well worth your time. All the conditions for comfortable, stable trading have been created here: adequate commissions, a technically reliable platform and rapid withdrawal of funds without unnecessary delays.
I often see traders on the Internet complaining about losing their deposits, but it's important to understand that when it comes to trading, a lot depends on the market participant. Decisions are made by a trader, not a broker, and if you approach trading aggressively, without clear risk management, losses are possible in any business.
If someone started out with a failure and immediately closed their account, it may be worth not blaming the platform, but reconsidering the strategy and trying again, but with a more considered approach.

Je travaille avec ModMount depuis plus d'un an et demi et je peux affirmer en toute confiance qu'il s'agit d'un courtier qui vaut vraiment la peine qu'on s'y intéresse. Toutes les conditions pour un trading confortable et stable ont été créées ici : des commissions adéquates, une plateforme techniquement fiable et un retrait rapide des fonds sans délais inutiles.
Je vois souvent sur Internet des traders se plaindre de la perte de leurs dépôts, mais il est important de comprendre qu'en matière de trading, beaucoup de choses dépendent du participant au marché. Les décisions sont prises par un trader, pas par un courtier, et si vous abordez le trading de manière agressive, sans gestion claire des risques, les pertes sont possibles dans n'importe quelle entreprise.
Si quelqu'un a commencé par un échec et a immédiatement fermé son compte, il peut être utile de ne pas blâmer la plateforme, mais de reconsidérer la stratégie et d'essayer à nouveau, mais avec une approche plus réfléchie.

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sanjaya75
1 year ago

Interesting new broker. Trading conditions are attractive, with high analysis scores and a good range of trading instruments. Narrow spreads and the presence of an optimal amount of leverage attract attention. The company draws attention to start cooperation.

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Raheem
17 weeks ago

ModMount really stands out from many brokers thanks to a number of significant advantages. First and foremost, I'd like to highlight the convenience of financial transactions - deposits and withdrawals are fast, which is particularly appreciable when certain payment systems are unstable or subject to restrictions.
I was also pleasantly surprised by the analytical support: the platform regularly publishes expert opinions, trading signals and detailed analyses of market sentiment. This makes it possible to navigate even complex market situations and take more informed decisions. The stability of spreads is also worthy of note: they don't jump, even in the event of news, which inspires confidence in the technical side of the platform. Nevertheless, there is one weak point: regulation. The broker is registered under the license of the Seychelles FSA, not the most rigid of regulators.

ModMount se démarque vraiment de nombreux courtiers grâce à un certain nombre d'avantages significatifs. Tout d'abord, j'aimerais souligner la commodité des transactions financières - les dépôts et les retraits sont rapides, ce qui est particulièrement appréciable lorsque certains systèmes de paiement sont instables ou soumis à des restrictions.
J'ai également été agréablement surpris par le support analytique : la plateforme publie régulièrement des avis d'experts, des signaux de trading et des analyses détaillées du sentiment du marché. Cela permet de naviguer même dans des situations de marché complexes et de prendre des décisions plus éclairées. La stabilité des spreads mérite d'être soulignée : ils ne sautent pas, même en cas de nouvelles, ce qui inspire confiance dans l'aspect technique de la plateforme.
Néanmoins, il y a un point faible : la réglementation. Le courtier est enregistré sous la licence de la FSA Seychelles, et ce n'est pas le régulateur le plus rigide et le plus au.

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agus-sutitis
21 weeks ago

Working with the ModMount trading terminal has been on my list of goals for a long time - I wanted to find a stable platform after a series of unsuccessful attempts with other brokers. Previously, I had to deal with lags, freezes and general terminal instability, which seriously hampered my ability to concentrate on trading and implement my strategy. Therefore, after hearing a lot of positive feedback from my colleagues, I decided to give ModMount a try - and I haven't regretted it. The only thing that slightly spoiled the impression was the delay in processing the withdrawal request. The amount was insignificant and everything got done in the end, but the very fact of the delay left a small residue. Nevertheless, the rest of my experience with ModMount was much better than I expected. The terminal is reliable, trading is comfortable - and if the company decides to improve the financial aspect of the processes, it will be almost ideal for trading.

Travailler avec le terminal de trading ModMount fait partie de ma liste d'objectifs depuis longtemps - je voulais trouver une plateforme stable après une série d'essais infructueux avec d'autres courtiers. Auparavant, je devais faire face à des décalages, des gels et une instabilité générale des terminaux, ce qui entravait sérieusement ma capacité à me concentrer sur le trading et à mettre en œuvre ma stratégie. Par conséquent, après avoir entendu de nombreux commentaires positifs de la part de mes collègues, j'ai décidé d'essayer ModMount - et je ne l'ai pas regretté.
La seule chose qui a légèrement gâché l'impression est le retard dans le traitement de la demande de retrait. Le montant était insignifiant et tout s'est fait en fin de compte, mais le fait même du retard a laissé un petit résidu. Néanmoins, le reste de mon expérience avec ModMount a été bien meilleure que ce à quoi je m'attendais. Le terminal est fiable, le trading est confortable - et si la société décide d'améliorer l'aspect financier des processus, il sera presque idéal pour le trading.

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Cyrussi
1 year ago

Interesting new broker. Trading conditions are attractive, with high analysis scores and a good range of trading instruments. Narrow spreads and the presence of an optimal amount of leverage attract attention. The company draws attention to the start of cooperation.

Interesante nuevo corredor. Las condiciones comerciales son atractivas, con altas puntuaciones de análisis y una buena gama de instrumentos comerciales. Los diferenciales estrechos y la presencia de una cantidad óptima de apalancamiento llaman la atención. La empresa llama la atención sobre el inicio de la cooperación.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
8.2/10

Regulation and safety

ModMount has a safety score of 8.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Tier-1 regulated
  • Negative balance protection
Disadvantages
  • Track record of less than 8 years

ModMount Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
CySec CySec Cyprus Securities and Exchange Commission Cyprus Up to €20,000 Tier-1
FSA (Seychelles) FSA (Seychelles) Financial Services Authority of Seychelles Seychelles No specific fund Tier-3

ModMount Security Factors

Foundation date 2022
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
3/10

Commissions and fees

The trading and non-trading commissions of broker ModMount have been analyzed and rated as High with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Volume-based discounts
Disadvantages
  • Above-average Forex trading fees
  • No ECN/Raw Spread account
  • Inactivity fee applies
  • Deposit fee applies
  • Withdrawal fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of ModMount with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, ModMount’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

ModMount Standard spreads

ModMount Pepperstone OANDA
EUR/USD min, pips 0,4 0,5 0,1
EUR/USD max, pips 0,7 1,5 0,5
GPB/USD min, pips 0,5 0,4 0,1
GPB/USD max, pips 0,9 1,4 0,5

Does ModMount support RAW/ECN accounts?

As we discovered, ModMount does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with ModMount. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

ModMount Non-Trading Fees

ModMount Pepperstone OANDA
Deposit fee, % 0-1 0 0
Withdrawal fee, % 3,5 0 0
Withdrawal fee, USD 30 0 0-15
Inactivity fee ($, per month) 100-500 0 0
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
4.2/10

Deposit and withdrawal

ModMount received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

ModMount offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • BTC available as a base account currency
  • Bitcoin (BTC) accepted
  • Low minimum withdrawal requirement
  • Bank wire transfers available
Disadvantages
  • Minimum deposit above industry average
  • Only major base currencies available
  • PayPal not supported

What are ModMount deposit and withdrawal options?

ModMount offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making ModMount less competitive for those seeking diverse payment options.

ModMount Deposit and Withdrawal Methods vs Competitors

ModMount Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC Yes No No

What are ModMount base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. ModMount supports the following base account currencies:

What are ModMount's minimum deposit and withdrawal amounts?

The minimum deposit on ModMount is $250, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ModMount’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
4.75/10

Markets and tradable assets

ModMount offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 45 Forex pairs.

Advantages
  • Crypto trading
  • Copy trading platform
  • 45 supported currency pairs
Disadvantages
  • No ETFs
  • Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by ModMount with its competitors, making it easier for you to find the perfect fit.

ModMount Plus500 Pepperstone
Currency pairs 45 60 90
Total tradable assets 160 2800 1200
Stocks No Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products ModMount offers for beginner traders and investors who prefer not to engage in active trading.

ModMount Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing No No Yes
Managed accounts No No No

Contacts

Foundation date 2022
Registration address Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
Regulation FSA (Seychelles) Licence number:
SD119
Official site https://www.modmountltd.com/
Contacts
+2484632002

Comparison of ModMount with other Brokers

ModMount Bybit Eightcap XM Group LiteFinance 4XC
Trading
platform
ModMount WebTrader MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, MultiTerminal, Sirix Webtrader MT5, MT4, WebTrader
Min deposit No No $100 $5 $10 $50
Leverage From 1:1
to 1:400
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:1000
From 1:1
to 1:500
Trust management No No No No Yes Yes
Accrual of % on the balance No No No No 7.00% No
Spread From 0 points From 0 points From 0 points From 0.8 points From 0.5 points From 0 points
Level of margin call
/ stop out
100%  /  20% No  /  50% 80%  /  50% 100%  /  50% 50%  /  20% 100%  /  50%
Order Execution NDD Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No $50
Cent accounts No No No No Yes No

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