ModMount Ltd is registered and headquartered in Seychelles. In addition, the company has a corresponding license from the local regulator. However, the date of its foundation is not disclosed on the website. As for the domain, it was registered in February 2022 in the US and renewed in March 2023. In addition, the interface supports 4 languages – Japanese, English, Spanish, and Portuguese. Finally, the broker does not provide services to residents of many jurisdictions, such as the US and Australia.
Is it safe to trade on this platform? How reliable is it? We will find out by studying the project’s legal and technical information.
ModMount Ltd provides access to 160 CFDs on forex, commodities, indices, cryptocurrency futures, and stocks. The author’s web platform embedded in the personal account does not need to be downloaded, as the program works in any browser. Traders can apply market and limit orders, as well as calculate the size of stop loss and take profit in advance on the online calculator. You can deposit funds using VISA, Mastercard, bank transfer, and APM quick payment system. The minimum withdrawal amount is $10, the process takes 8 to 10 business days.
Forex broker offers 5 types of tariff plans:
- Classic – minimal opportunities, the account is oriented for beginners, Forex spread is 2.5 pips.
- Silver – ready signals for trades, Forex spread 2.5 pips.
- Gold – once a month detailed analytics from the broker, statistics on the account, flexible spreads from 0.05 pips, spread on Forex 1.8 pips.
- Platinum – discount on exchange, spread on Forex 1.4 pips.
- VIP – the most favorable conditions, spread on Forex 0.9 pips.
There is no minimum deposit amount in the account type description. All levels of tariffs have protection against negative balance, training, and trading signals.
ModMount Ltd, as a CFD broker, does not rollover positions upon maturity. Therefore, the client should keep their positions under control and follow the strategy taking into account the contracts closing date.
Traders can get up to $800 for each approved operator when participating in the affiliate program. ModMount Ltd provides clients with a news feed, a calendar of economic events, and a demo account with virtual money on the balance. There is a live chat and an online form for email questions to contact a consultant.