About its history and mission
ModMount was founded in 2021 with a vision to provide innovative trading solutions and a secure, user-friendly environment for traders around the world. Since its inception, ModMount has focused on simplifying trading for retail investors, offering them advanced tools while maintaining a commitment to transparency and low-cost trading.
- Founded
- 2021
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- High leverage options
- Competitive spreads
- Negative balance protection
- User-friendly platform
- Extensive educational resources
- Inactivity fees
- Monthly maintenance fees
- Limited regulatory coverage
- Higher minimum spreads
Weaknesses
Safety and Regulations
ModMount is fully licensed and operates under strict regulatory standards. The broker holds licenses from reputable financial authorities including the Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC). These licenses ensure that ModMount adheres to global compliance regulations, providing a secure and trustworthy environment for traders. To safeguard clients' funds, ModMount follows industry best practices by segregating client accounts from its own operational funds. This ensures that client money is protected in the unlikely event of the broker’s insolvency. In addition, the broker offers deposit insurance, adding an extra layer of protection for its clients.
Regulators
- SFSA
- CySEC
Instruments Available
Types of Accounts
Classic
- Minimum deposit
- $0
- Commission
- 2.5
- Available tools
- 0
- Leverage
- 1:1 to 1:400
- Margin call level
- 100
- Stop-out level
- 20
Silver
- Minimum deposit
- $0
- Commission
- 2.5
- Available tools
- 0
- Leverage
- 1:1 to 1:400
- Margin call level
- 100
- Stop-out level
- 20
Gold
- Minimum deposit
- $0
- Commission
- 1.8
- Available tools
- 0
- Leverage
- 1:1 to 1:400
- Margin call level
- 100
- Stop-out level
- 20
Platinum
- Minimum deposit
- $0
- Commission
- 1.4
- Available tools
- 0
- Leverage
- 1:1 to 1:400
- Margin call level
- 100
- Stop-out level
- 20
VIP
- Minimum deposit
- $0
- Commission
- 0.9
- Available tools
- 0
- Leverage
- 1:1 to 1:400
- Margin call level
- 100
- Stop-out level
- 20
Fees and Charges
ModMount offers highly competitive spreads, starting from 0.1 pips on the Raw Spread Account. The commission structure varies depending on the account type, with the lowest costs available for active traders. Swap rates are applied for holding positions overnight, and they vary depending on the instrument being traded. ModMount offers transparent swap rates, which can be found directly on the platform. ModMount charges an inactivity fee if no trades are executed for a specified period. Traders are encouraged to check the broker's website for up-to-date fee information.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
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