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ModMount Review Forex Broker & Trading Markets, Legit or a Scam

ModMount
Score

3.5/5

Min Deposit

$250

Min Spread

Variable

Regulation

FSA, CySEC

Max Leverage

1:400

Positive Ratings
75%
Neutral Ratings
15%
Negative Ratings
10%

Company Summary

Aspect Information
Registered Country/Area Seychelles
Founded Year Not Specified
Company Name ModMount
Regulation FSA, CySEC
Demo Account Available
Minimum Deposit $250
Maximum Leverage 1:400
Spreads Variable
Trading Platforms ModMount Web Trader
Customer Support Email, Live Chats, Contact Form, and Calls.

Introduction

ModMount is an online trading platform that offers a comprehensive guide for your investments. The platform provides advanced trading tools, multiple assets, and account types for a smooth trading experience. This ModMount review discusses the features of the platform understanding the legitimacy of the platform.

ModMount Overview

ModMount Overview

ModMount is a growing trading platform in the industry. It has gained popularity with its range of trading products and user-friendly platform. The broker offers competitive spreads, low fees, and dedicated customer support. The platform is designed to cater to trades with varying experience levels by providing them with free educational resources.

However, the platform lacks information about fees and commissions on the platform making it confusing for investors.

Trading Instruments offered by ModMount

The platform offers multiple trading instruments for the traders. This helps traders improve their portfolios and grab varying trading opportunities. The platform offers diverse market assets for traders. The major products at ModMount are Forex Pairs, Commodities, Indices, Stocks, Cryptocurrencies, and ETFs.

These multiple assets are perfect for trades with different needs and trading goals. Traders get access to real-time market data, educational materials, and 24/7 customer support.

These features create a comprehensive trading environment that helps traders invest and grow in the global market.

Withdrawals and Deposits available on Mod Mount

The deposits and withdrawals at ModMount are made easier with various payment options like credit/debit cards, e-wallets, and wire transfers. The multiple options make it accessible for traders around the globe. The platform incurs no additional fees for depositing. The minimum deposit starts from 250 US dollars.

However, the withdrawal process does incur some additional fees for different payment methods.

Account Types

There are multiple account options at ModMount. These accounts are made for traders with different needs and goals. The account types are:

Classic Account

This account offers a zero commission on deposits with flexible spreads. The traders with minimum experience get access to dedicated multilingual customer support.

Silver Trading Account

This account type offers traders advanced analytical tools that improve the trading experience. The trader gets access to flexible trading conditions.

Gold Trading Account

Tradesr with gold accounts get access to over 160 assets from the global market. They get over 60 trading tools and advanced features that build your portfolio.

Platinum Trading Account

The trader with platinum accounts is eligible for the premium tools and features on the platform. They even get a swap discount and zero commission on the deposits.

VIP Trading Account

This type of account is known to offer trades with the most advanced and faster trading experience, Tradesr gets access to multiple assets and tools making trading a seamless experience.

Apart from this account, the platform offers traders the option of an Islamic account. The Islamic account adheres to the Sharia law which removes swap fees.

Account types of Mod mount

Security and Regulations

A secure and regulated trading platform is a prime choice for any investor. ModMount is a well-regulated trading platform by:

  • Financial Services Authority
  • Cyprus Securities and Exchange Commission.

These authorities ensure a safe and secure trading environment for the client’s fund san information.

The platform is well encrypted by SSL encryption to keep your personal and financial data safe from the third party during transactions.

Overall, the platform provides a secure trading environment for everyone. Similarly like Modmount, if you want to check out other regulated forex brokers, you can check out SmartSTP, TradeEU and Capitalix.

Fees and Commissions

Fees and commissions at a brokerage platform influence the profits. The platform offers a transparent structure for the charges involved for different trading products.

Most importantly, the platform charges Swap fees for overnight positions based on the differences in interest rates.

Overall, the platform offers competitive fees making it better than other brokers in the industry.

Fees and Commissions of Modmount platform

Customer Support

A responsive and effective customer support is crucial for a trading platform. ModMount offers support through calls (+447701421264), Live Chats, emails(support@modmountltd.com), and contact forms.

Apart from the accessible customer support team, traders get access to a well-versed FAQ section that helps them with common trading or general issues on the platform.

Also, you can access educational resources that help enhance trading skills making it perfect for beginners.

Customer Support of Modmount

Is ModMount a Scam?

Whether the platform is a scam or not, is a question from traders all around the globe. ModMount is a relatively new trading platform making its space in the industry. The platform is well-regulated and secured. It ensures a safe trading experience keeping traders’ funds and personal data safe from third parties.

Also, the multiple account types and trading opportunities increase its likeness among investors.

So, it is safe to say that ModMount is a legitimate trading broker.

Conclusion

ModMount provides various trading products, multiple accounts, and deposit and withdrawal options. All this makes sit an attractive choice for the traders.

The platform is also regulated by the top-tier Financial Services Authority which ensures a safe trading environment.

Overall, the platform offers a secure trading space for starting your trading journey.

  • Multiple Trading Products
  • Dedicated Multilingual Customer Support
  • Lack of Deposit and Withdrawal Information
  • Limited Regulatory Bodies.
FAQs

Frequently Asked Questions

Is ModMount regulated by any financial authorities?

Yes, the platform is regulated by top authorities like FSA, which regulates the overall security of the platform.

What types of accounts does ModMount offer?

ModMount offers Classic, Silver, Gold, Platinum, and VIP trading accounts.

How long does it take to withdraw funds from ModMount?

Withdrawing funds from ModMount can take 10 business days, depending on the payment method.

What are the trading fees at ModMount?

The platform incurs swap fees and additional charges during the withdrawals.

Can I trade cryptocurrencies with ModMount?

Yes, the platform allows tradinmg in digital currencies like Bitcoin, Ethereum, and Litecoin.

Is ModMount suitable for beginners?

ModMount offers traders a user-friendly design and tools that help improve their trading experience.

Does ModMount offer educational resources?

Yes, the platform offers resources for traders that improve their overall skills.

What is the minimum deposit required to open an account with ModMount?

The minimum deposit may vary for different accounts starting from $250.

Does ModMount charge any withdrawal fees?

Yes, the platform incurs withdrawal fees depending on the payment methods.

Can I use ModMount on my mobile device?

ModMount is a webtrading broker that can only be accessed on a PC or Laptop.

Trusted Score

4.3/5

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5