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ModMount Review

Modmount review- a trading platform
Modmount review- a trading platform

ModMount Review

71% of retail investor accounts lose money, …

Modmount review- a trading platform

Modmount

4.8
Rated 4.8 out of 5

Overview

Forex brokerage is a fine work to provide traders with ultimate profit and provident trading. Brokers that traders can rely on to start trading and that somehow claims guaranteed profit with no fraudulent activities are rare to find.

Thus, it is important to know the where-how of the broker before investing your hard-earned treasure.

So, let’s look for the best online broker that provides all the necessary tools for profitable and hassle-free trading . In this review, we will examine ModMount, a brokerage company, to determine its offerings and assess whether it provides a secure trading environment or if there are concerns about its legitimacy. By exploring the broker’s features, we can help you decide whether ModMount is a trustworthy platform for your transactions.

What is ModMount?

ModMount is a regulated financial brokerage company founded in 2022 that provides various trusted trading services to its customers.

The options available to traders might help them to ensure profitable trading. Here is a quick look at the ModMount to help you evaluate the broker and its offerings:

Details ModMount
Founded In 2022
Headquarter Seychelles 
Minimum Deposit $250
Maximum Leverage 1:400
Trading Instruments Forex, Stocks, Indices, Soft and Energy commodities, Precious metals and Cryptocurrencies
Trading Platform MetaTrader4 and WebTrader

Is Modmount a Trustworthy Platform

Is ModMount a trustworthy platform?

ModMount is regulated by The Financial Services Authority (FSA) , overseeing it since 2022, with SD119 as its licence number. The authority guarantees safe trading and business operations for the brokerage firm.

The registration number of ModMount is 8426105-1, and it conducts business as ModMount Services Limited. The secure trading features like encryption, dedication to ethical behaviour, and online transparency make it a reliable broker.

Our recommendation: Trading at ModMount Review

  • Leverage for CFD indices is up to 1:50.
  • 24/5 customer service
  • A user-friendly platform with a maximum leverage of 1:400
  • Numerous assets available for investment
Modmount review- a trading platform

Advantages and disadvantages of ModMount Review

  • Regulated financial broker
  • Provides a variety of trading tools
  • News updates and notification
  • Provides negative balance protection
  • User-friendly trading platform
  • Maximum leverage of 1:400
  • Tight spreads
  • Can’t withdraw the amount on the same day.
  • Limited educational resources.

Trading Accounts 

Facilities/Account Type Classic Silver Gold Platinum
Leverage 1:400 1:400 1:400 1:400
Swap Discount No Available Available Available
Spreads 2.5 2.5 1.8 0.9
CFDs 350+ 350+ 350+ 350+
Margin Call 100% 100% 100% 100%
Stop-Out  20% 20% 20% 20%

Account opening on ModMount

By taking the following steps, traders can open an account on the ModMount platform:

  1. The first step is to go to the broker’s official website.
  2. Next, select the tab for account creation.
  3. Next, a new page with a form for traders to fill out appears.
  4. Correctly fill out the form, then select the register tab.
  5. Then send in the survey that shows up on the screen.
  6. The next step is for traders to provide the paperwork that the brokers have requested. Then finally, the documents must be uploaded to the website for verification.
  7. Traders can deposit money to start trading after being verified.

What are the deposit methods?

Traders can deposit money from one account to another through wire transfers..

It is mandatory to link trader’s debit and credit cards to start trading.

ModMount also accepts alternative payment options like online transfers and e-wallets.

Fund withdrawal method

Withdrawals made using a debit/credit card or an e-wallet charges a 3.5 per cent fee.Similarly, the price for wire transfers is 30 EUR/USD.

Credit cards only demand a minimum withdrawal of 10 EUR/USD whereas wire transfers require a minimum withdrawal of 100 EUR/USD.

Our recommendation: Trading at ModMount Review

  • Leverage for CFD indices is up to 1:50.
  • 24/5 customer service
  • A user-friendly platform with a maximum leverage of 1:400
  • Numerous assets available for investment
Modmount review- a trading platform

What are the Trading Instruments on ModMount?

Indices

Indices act as a baseline for observing trends across different investment sectors.

  • Access a variety of CFDs on international indexes.
  • Enjoy 0% commission on trades in the index.
  • CFDs on indices are available with leverage up to 1:50.

Crypto

While trading Crypto CFDs through ModMount, investors may make predictions about price changes without actually holding the underlying asset.

  • Get trading access to well-known cryptocurrencies.
  • Embrace round-the-clock client service.
  • Competitive spreads and no commissions.
  • Get price estimates in real-time to make informed decisions.

Forex

The volatility of the forex market offers traders both challenges and opportunities. Traders are drawn to currency price fluctuations because they are more profitable.

  • Trade CFDs on over 45 currency pairings, including popular, uncommon, and small-currency ones.
  • Market updates and notifications in real-time will keep you informed.
  • Get a commission-free experience while trading foreign currencies

Stocks

Over 150 stocks are available for trading on ModMount, including prominent companies like Google and Tesla well- known for their success in business and the markets they dominate.

  • Trade the most popular stocks with CFDs.
  • Stock trade commissions are absent.
  • Free access to comprehensive educational guides.

Commodities

 The commodities market is vital to the economy, and it experiences quick changes in value due to various variables.

  • Trading CFDs on 20+ popular commodities.
  • Profit from 0% commission on commodities transactions.
  • Instant market notifications and price updates will keep you informed.

ModMount’s Fees and Commissions

Method  Applicable fees 
  • Credit Card
  • Debit Card
  • Prepaid Card
3.5%
Wire Transfer 30 USD/EUR

Inactivity Fee

Inactivity Period  Monthly Account Inactivity fees 
0 to 30 days  0
After 30 days  100 USD
After 60 days  250 USD
After 6 months  500 USD

Trading Platforms on ModMount 

MetaTrader 4

MT4 offers traders immediate access to market pricing and liquidity. Trader’s can decide whether to buy or sell assets knowing the market prices and liquidity in real time.

It is easy to respond rapidly to market changes and seize profitable trading opportunities.

Real-time access to market pricing and liquidity is crucial for active traders, investors, and financial institutions who need precise and current information to make informed decisions and successfully execute trades.

WebTrader

The outstanding trading platform WebTrader was created to facilitate quick execution in a fluid trading environment. Traders can create and manage portfolios across seven different asset classes by inclusion of all the essential features one would expect from a platform that has been specifically designed for the traders.

With WebTrader, trading may be done quickly and effectively. The platform is designed to provide a seamless trading experience, enabling you to quickly respond to market changes and seize opportunities as they present themselves.

Are there any Educational and Research Resources available? 

Traders must have access to educational and research tools to increase their expertise and make wise trading decisions. Although some broker websites could need more comprehensive information, traders must look into platforms providing various research and educational resources.

Brokers like XPro Markets and Elland Road Capital are renowned for offering their clients a wealth of educational materials including daily news updates, video courses, in-depth discussions of forex-related subjects, trading e-books, and chart analysis.

Traders can profit from ongoing learning, stay updated on market trends, and improve their trading skills by selecting a broker with a wealth of instructional and research resources. Therefore, it’s crucial to investigate and contrast several brokers to identify that best suits trader’s trading objectives and educational needs.

Company Details

Assets

  • Indices
  • Crypto
  • Forex
  • Stocks
  • Commodities

Basics

  • Country: Seychelles
  • License: SD119
  • Regulation: FSA

Customer Service

Our recommendation: Trading at ModMount Review

  • Leverage for CFD indices is up to 1:50.
  • 24/5 customer service
  • A user-friendly platform with a maximum leverage of 1:400
  • Numerous assets available for investment
Modmount review- a trading platform

Conclusion

ModMount is a reliable, licenced financial broker governed by The Financial Services Authority Seychelles and has the appropriate licence to operate in the market. By providing specific information and supporting documentation to be validated, traders can quickly open their accounts.

It lists the benefits and drawbacks of the broker as well as information about the various products, including forex, stocks, commodities, cryptos, metals, and indices.

It’s a trustworthy and safe trading platform for brokers at various market levels of trading.

The Financial Service Authority, Seychelles, does indeed regulate it.

ModMount offers MetaTrader 4 and WebTrader.

ModMount offers four account types: Classic, Silver, Gold, and Platinum.

Yes, traders can open a Demo account on ModMount and begin trading with fictitious transactions.

ModMount offers a minimum leverage of 1:400.

The age requirement to trade on ModMount is 18 years old.

Utilising unregulated businesses like Modmount carries dangers, such as the inability to report a problem to a reliable regulating body in the event of a disagreement.

Experiences
5

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