Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ModMount Pros & Cons
- Regulated activity under a securities dealer license.
- Access to over 160 CFDs on popular assets from a single account.
- Convenient WebTrader platform with no installation required.
- Mobile trading support.
- Data protection with 128-bit SSL encryption.
- Real-time price alerts and updates.
- Built-in analysis tools and trading statistics.
- No passive income tools.
- Trading via MetaTrader and cTrader is unavailable.
TU Expert Verdict
ModMount demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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ModMount User Reviews
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5-star
0%
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4-star
33%
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3-star
67%
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2-star
0%
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1-star
0%
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Commissions and Fees
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 criteria3 /10The trading and non-trading commissions of ModMount have been analyzed and rated as having High fees, with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Volume-based discounts
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Inactivity fee applies
- Deposit fee applies
- Withdrawal fee applies
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Is ModMount Safe?
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 criteria8.2 /10ModMount 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.
- Tier-1 regulated
- Negative balance protection
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.1 /10ModMount offers the following account options: Standard, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Low minimum deposit
- Exclusive VIP account with enhanced trading conditions
- No ECN/Raw spread account
- No Demo account
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Deposit and Withdrawal
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 methodology6 /10ModMount received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
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. Learn the assessment criteria4.8 /10ModMount offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 45 Forex pairs.
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Trading Account Opening
We successfully registered an account with ModMount in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at ModMount is $250.Score:We evaluated Trading Account Opening at ModMount by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7 /10ModMount received a score of 7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria3 /10 -
Customer Support
Score:We evaluated Customer Support at ModMount by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.7 /10
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FAQs
How is ModMount regulated and what safety measures does it offer?
ModMount has a safety score of 8.2/10 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) as a Tier-1 regulator, with an investor protection fund of up to €20,000, and by the Financial Services Authority of Seychelles (FSA) as a Tier-3 regulator without a specific compensation fund. The broker provides negative balance protection and requires KYC verification, but it has a relatively short track record, having been founded in 2022.
What types of trading accounts and conditions are available with ModMount?
The review states that ModMount offers several real account tiers (Classic, Silver, Gold, Platinum, VIP) plus a demo mode for training and platform testing. Real accounts share features such as leverage up to 1:400, minimum trade size of 0.01 lots, maximum 50 lots, negative balance protection, and free education, while spreads on EUR/USD range from 2.5 pips on Classic and Silver down to 0.9 pips on VIP; the minimum deposit is $250, but it is not specified whether this applies to all account types.
What do ModMount user reviews and feedback say about overall satisfaction?
ModMount has a user satisfaction score of 6.7/10 based on 6 reviews, with 33% of ratings at 4 stars and 67% at 3 stars, and no 5-star, 2-star, or 1-star ratings. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.
What feedback is available on ModMount’s mobile trading apps?
ModMount supports mobile trading on both iOS and Android, with indicators and mobile alerts available, but it has a low mobile apps safety score of 3/10. The review notes weak user feedback, zero recorded app store ratings and downloads in the comparison table, and no mobile two-factor authentication support.
How is ModMount’s customer support structured and what feedback is mentioned?
ModMount’s customer support can be reached via online chat, email, telephone, feedback form, and social media channels such as Instagram and LinkedIn, and it is described as multilingual and able to assist with registration, platform use, verification, and payments. Based on user feedback in the review, response times are moderate and service quality can vary, with some queries resolved efficiently and others requiring follow-ups, while support hours are not specified and the chat service has breaks.
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