ModMount Review, Test & Rating in 2025

ModMount is an online CFD broker authorized and regulated by the Financial Services Authority (FSA) of Seychelles, operating under license number SD119 and registration number 8426105-1. The broker is part of a group that includes Newblock Trading Limited, based in Limassol, Cyprus. Specializing in offering Contracts for Difference (CFDs) across various markets, including Forex, stocks, commodities, indices, and cryptocurrencies, ModMount caters to traders worldwide with its dynamic trading platform and advanced trading tools

Pros: ModMount offers several advantages for traders. Zero Commissions on Deposit reduce the initial costs for traders. There's a Broad Range of CFDs, with over 160 CFDs on various assets, providing a diverse trading portfolio. The High Maximum Forex Leverage of up to 1:400 allows traders to amplify their trading positions. Multilingual Support enhances the trading experience for a global clientele. The platform's Quick Execution Speed, averaging 0.08 seconds, is beneficial in fast-paced markets and benefits all traders, regardless of professional or beginner. Flexible Spread Options offer traders the ability to choose spreads that align with their trading strategies. Lastly, Advanced Analytical Tools are available for comprehensive market analysis, including the renowned Trading Central. The educational materials are especially helpful for beginner traders. An economic calendar and a chart analysis tool are the icing on the cake.

Cons: However, there are some limitations. Limited Platform Variety means ModMount primarily offers its proprietary WebTrader platform, which may not be suitable for all traders. Withdrawal Fees include a 3.5% charge for card withdrawals and 30 USD for wire transfers, which can be costly for frequent withdrawals. Inactivity Fees start at 100 USD after 30 days, escalating to 500 USD after 180 days, posing a disadvantage for inactive accounts. A Maintenance Fee of 10 USD per month is charged, irrespective of account activity. Geographical Limitations may restrict access for traders in certain regions.

ModMount offers a wide range of over 160 tradable instruments across various asset classes, providing traders with numerous opportunities to diversify their portfolios:

+12 Indices:

• Major Global Indices: Includes indices like the NASDAQ, Dow Jones, UK 100, Germany 40, and more, with leverages up to 1:200.
• Diverse Selection: Features indices from different countries, such as Australia 200, Spain 35, Japan 225, and others.

+20 Commodities:

• Precious Metals: Trading in gold, silver, palladium, and platinum against major currencies, with leverages up to 1:200.
• Energy Commodities: Includes Crude Oil Brent Cash and West Texas Intermediate Crude Oil cash with high leverages.

+45 Forex:

• Extensive Currency Pairs: Offers a comprehensive list of major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, AUD/JPY, USD/TRY, and many others.
• High Leverage Options: Maximum leverage of up to 1:400 for Forex trading, providing significant trading opportunities.

+60 Shares:

• Wide Range of Stocks: Offers CFDs on stocks of major companies across various sectors, including technology, finance, consumer goods, and more.
• Global Companies: Includes stocks like Apple, Amazon, Facebook, Tesla, Microsoft, and others, with leverages up to 1:5.

+30 Cryptocurrency

• Wide Range of Crypto: Offers Crypto CFD Futures on popular cryptocurrencies such as Bitcoin, Ethereum and more

This variety of instruments allows traders to explore different markets and develop a diversified trading strategy.

ModMount operates under a framework that emphasizes financial dynamics, self-fulfillment, and a community-driven approach, catering to a wide range of traders from various locations. Here's an in-depth look at the trading conditions and offerings:

Trading Environment:

Dynamic and Competitive: ModMount provides a platform that challenges traders to excel in the international markets, offering a range of tools and services to enhance trading efficiency and effectiveness.

Regulatory Compliance:

• FSA Regulation: ModMount is regulated by the Financial Services Authority (FSA) of Seychelles, ensuring adherence to high standards of financial practice and trader protection.
• Group Structure: The broker is part of a group with Newblock Trading Limited based in Cyprus, indicating a broader operational scope.

Trading Platform:

• WebTrader Platform: The primary trading platform is user-friendly and accessible from various devices, making trading seamless from any location.
• Advanced Tools: The platform offers real-time market updates, high-speed access, one-click trading options, and advanced analytical tools for informed decision-making.

Fees and Charges:

• Withdrawal Fees: Vary based on the method, with a fee of 3.5% for card withdrawals and 30 USD for wire transfers.
• Inactivity Fees: Charges begin after one month of inactivity, starting at 100 USD and escalating up to 500 USD for longer periods of inactivity.
• Maintenance Fee: A monthly charge of 10 USD is applicable, regardless of account activity.

Spread Information:

• Transparent Spreads: ModMount offers transparent spread information, essential for traders to understand the cost of opening positions.
• Variability: The spreads can vary depending on the account type and market conditions.

Swap Information:

• Interest Adjustments: Swap fees are charged for positions held open overnight, with fixed rates for commodities and indices.
• Platform Accessibility: Traders can find the value of swap rates for each instrument directly on the trading platform, which is subject to changes based on market conditions.

Account Types:

ModMount offers different account types, catering to the varied needs and strategies of traders, from beginners to experienced professionals.

Customer Support and Service:

Responsive Support: The broker provides swift and knowledgeable customer service through various channels, including email, live chat, and phone, ensuring a positive trading experience.

Educational Resources:

Learning Materials: ModMount offers educational resources to help traders develop their skills and competencies, which is beneficial for both novice and experienced traders.

Economic Calendar:

• ModMount presents a detailed economic calendar.
• Access to vital economic indicators for users.
• Includes information on event dates, timings, and potential market impacts.
• Customizable options to sort events and set alerts.
• Assists traders and investors in keeping up with market-influencing events.

Trading Central Analyses:

• Incorporates Trading Central's technical analysis tools within ModMount.
• Provides users with charts, crucial levels, and a Technical Score.
• Panoramic View offers an all-encompassing snapshot of financial instruments.
• Regular newsletters update users on trading prospects and market occurrences.
• The Alpha Generation feature supports making informed investment choices.
• Technical Insight enables users to discover, confirm, and time trades efficiently.
• Strategy Builder helps in crafting and analyzing investment strategies.
• Trading Central has been a reliable name in the industry since 1999.
• Renowned for its data and analysis tools.
• Includes supplementary content like product updates, whitepapers, and market insights.

Chart Analysis:

• Access to charts, pivotal levels, and a Technical Score for users.
• The Panoramic View provides a thorough overview of financial instruments.
• Newsletters and the Alpha Generation feature keep users well-informed.
• Technical Insight aids in identifying, validating, and timing trades.
• Strategy Builder enables the definition and evaluation of investment strategies.
• Since 1999, Trading Central has been offering reliable data and analysis tools.
• Widely trusted and acknowledged in the industry.

ModMount’s commitment to providing a competitive trading environment, regulatory compliance, and a range of trading tools and services make it a viable option for traders looking for diverse market access and robust trading conditions.

ModMount Reviews

Currently, ModMount has around 20 Trustpilot reviews, with an average score of 3.9 out of 5.

ModMount wins Best Trade Exection 2024

The platform's Quick Execution Speed, averaging 0.08 seconds, is beneficial in fast-paced markets and benefits all traders, regardless of professional or beginner. Some account types even go to an average of 0.06 seconds, which is exceptional for online brokers.

 

ModMount provides a technologically advanced and user-friendly trading platform, catering to the needs of both novice and experienced traders. Here are the key features and aspects of ModMount’s trading platform:

WebTrader Platform:

• Accessibility: Accessible from various devices, including desktops, laptops, tablets, and smartphones, enabling trading from any location.
• User-Friendly Interface: Designed for usability, offering a straightforward and intuitive interface for all experience levels.
• Real-Time Market Updates: Instant updates on price changes for prompt response to market movements.
• High-Speed Access: Provides high-speed access to financial markets, crucial for timely trading opportunities.

Advanced Trading Features:

• One-Click Trading Options: Simplifies the trading process for quick and efficient trade execution.
• Customizable Alerts: Allows traders to set up market alerts tailored to their strategies and preferences.
• Advanced Analytical Tools: Equipped with a range of instruments for comprehensive market analysis and informed decision-making.

Education and Practice:

• Educational Materials: Offers various resources to enhance trading knowledge and skills.
• Demo Account: Available for practice and familiarization with the platform, especially beneficial for new traders.

Multilingual Support:

Global Accessibility: Supports multiple languages, making it accessible to a diverse global trading community.

Security and Reliability:

• Data Security: Implements robust measures to ensure the safety and confidentiality of trader information and transactions.

The ModMount trading platform, with its blend of advanced features, user-friendly design, and educational resources, provides a comprehensive and efficient trading environment.

ModMount offers a variety of account types to cater to the diverse needs of traders, ranging from beginners to professionals. Each account type comes with its own set of features and benefits:

• Classic Account: A starting point for new traders, offering basic features like 2.5 pips spreads on major pairs and zero commissions.
• Silver Account: Mirrors the Classic account with the addition of a swap discount, suitable for traders who hold positions overnight.
• Gold Account: Provides more competitive spreads at 1.8 pips and includes the benefits of the Silver account, targeting more active traders.
• Platinum Account: Designed for advanced traders, offering tighter spreads at 1.4 pips and all the benefits of the Gold account.
• VIP Account: The most exclusive option with the tightest spreads at 0.9 pips and comprehensive services for high-volume and professional traders.

If you want to close your ModMount account the best way is to withdraw all funds and then contact their support via E-Mail from the E-Mail that your account is registered with. ModMount may try to call you to confirm your account closure.

ModMount offers a range of options for deposits and withdrawals, ensuring convenience and flexibility for its clients. Here are the key details:

Deposit Options:

• Variety of Methods: Accepts deposits through credit/debit cards, wire transfers, and Alternative Payment Methods (APMs).
• No Deposit Fees: No charges for deposits, enhancing accessibility for account funding.

Withdrawal Options and Fees:

• First Withdrawal: Free if the account is fully verified and has at least one opened trade. Otherwise, a fee of 10 USD (or equivalent) is charged.
• Credit/Debit Card Withdrawals: A fee of 3.5% is applicable.
• Wire Transfer Withdrawals: A fee of 30 USD (or equivalent, based on account currency) is charged.
• Subsequent Withdrawals: Follow the fee structure as stated above.

Inactivity Fees:

• 0 to 30 Days: No inactivity fee.
• After 30 Days: A fee of 100 USD (or equivalent) is charged.
• After 60 Days: The fee increases to 250 USD (or equivalent).
• After 180 Days: The fee escalates to 500 USD (or equivalent).

Maintenance Fee:

• Regular Charge: A monthly maintenance fee of 10 USD (or equivalent, based on account currency) is charged, regardless of account activity.
• Inactivity Alternative: If the account is inactive for two months or more, an inactivity fee may be charged instead of the maintenance fee.

Spread Information:

Spread Costs: Spreads represent the difference between the bid and ask price, reflecting the cost of opening a position.

Swap Information:

• Overnight Interest: Swap fees are charged for positions held open overnight, with fixed rates for commodities and indices.
• Rate Accessibility: Swap rates for each instrument are available on the trading platform, subject to market condition changes.

Additional Fees:

Processing and Exchange Rate Fees: Traders might incur additional fees related to processing and exchange rates, impacting the overall cost of transactions.

ModMount's fee structure is comprehensive, covering various aspects of trading activities. Traders should be mindful of the inactivity and maintenance fees, which can accumulate over time. The broker’s transparent approach to fees helps traders plan and manage their trading finances effectively.

ModMount places significant emphasis on providing excellent customer support and service, understanding the importance of responsive and helpful assistance in the trading environment. Here are the key aspects of ModMount's customer support services:

Support Channels:

• Email Support: Traders can reach out via email at [email protected] for queries or assistance.
• Live Chat: Immediate assistance and real-time problem-solving available on their website.
• Phone Support: Direct communication and support through their hotline at +2484632002.
• Support Hours: Monday - Friday: 12:00 till 21:00 GMT

Multilingual Assistance:

ModMount offers support in multiple languages, accommodating a diverse range of clients from different regions. This ensures that traders can receive support in their preferred language, enhancing the overall user experience.

Responsiveness and Knowledge:

The support staff at ModMount is recognized for being swift, responsive, and knowledgeable, well-equipped to handle a variety of queries and issues, ensuring accurate and efficient solutions.

Ensuring regulatory compliance and maintaining high safety standards are crucial aspects of any online trading broker. ModMount adheres to these principles through its regulatory framework and safety measures:

Regulatory Compliance:

• Financial Services Authority (FSA) of Seychelles: Authorized and regulated by the FSA of Seychelles, operating under license number SD119. This ensures adherence to high standards of financial practices and transparency.
• Registration Details: ModMount Services Limited is registered with the number 8426105-1, enhancing its credibility and legitimacy in the financial trading industry.

Group Affiliation:

• Operational Address: Based in Seychelles, with an address at Providence Complex, Providence, Mahe, Seychelles, indicating international reach and operational scope.
• Group Structure: Part of a group that includes Newblock Trading Limited, located in Limassol, Cyprus, highlighting a broader network and resources.

Safety Measures:

• Segregated Funds: Ensures the safety of clients' funds by keeping them segregated from the company’s operational funds.
• Data Security: Employs robust encryption technology and secure communication protocols to protect clients' personal and financial information.

Negative Balance Protection:

ModMount offers negative balance protection, safeguarding clients against significant market volatility and unforeseen trading losses.

Commitment to Transparency:

ModMount's regulatory compliance and safety measures demonstrate the broker's commitment to a transparent and secure trading environment, fundamental in building trust with its clientele.

Regulation and safety are key components of ModMount’s service offering, providing peace of mind to traders about the security of their funds and the integrity of their trading environment.

Trader Rating