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.

Trading Conditions

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.

FAQ

Would investing in ModMount Ltd offer the best returns?

You are likelier to lose money when trading on risky CFDs rather than earn it. In addition, the broker does not guarantee the safety of cooperation and it warns clients that it is not responsible for the storage of funds.

Does ModMount Ltd carry out withdrawals?

You may have big problems with withdrawing funds from your account. In reviews, traders leave remarks about the work of the terminal. They believe that the developers can interfere in the trading process. Write your comment, please.

May I be scammed on modmountltd.com?

The structure of the offshore regulator, which issued the company a license, does not have a body that would deal with the study of complaints and suggestions of clients. Therefore, clients have no protection against broker misconduct, which indicates a high probability of fraud by the site owners.

What's the best way to share my experience with ModMount Ltd?

Fill out the form and we'll make sure your voice is heard.

How can I tell if ModMount Ltd is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: Offshore

License: FSA

Leverage: 1:400

Broker type: NDD

Demo account: Yes

Affiliate program: Referral

Minimum deposit: 250$

Trading platform: WebTrader

Assets: Forex, CFD

23 reviews about ModMount

BouPh
March 26
Deception, escroquerie
Investissement 1000$ mi-février 2024. Profits sur cette somme. Suis confiant et content.
Insistance du conseiller en gestion (Y. H) frisant le harcelement quotidien pour augmenter l'investissement.
Au vu des résultats et des arguments de YH je mets 1000$ de plus le 12 mars 2024.
Total investi 2000$
22 mars2024, PERTE TOTALE.
YH m'accuse de ne pas avoir suivi ses conseils d'investir beaucoup plus. Et d'ajouter, avec beaucoup d'arrogance, que la seule solution pour récupérer est de reinvestir 2500$. Ce freluquet ne me prendrait-il pas pour un imbecile? Suis dégouté😡
Reply
P. Studer
March 11
SCAM Group!
In my opinion modmountltd.com is pure scam!
An FSA license is virtually unregulated offshore. Many brokers have an FSA license but also a variety of strictly regulated licenses! There could be a scam group behind modmountltd.com. tradeeu.global etc. have the exact same platform. These are not coincidences...

Register with an established Borker who has been on the market for a year and not just for 2 years.

The money is not safe here, it is offshore!
Reply
Deym
January 30
I THINK THIS PLATFORM, THEY SCAMMED ME
almost 2 weeks already until now., my withdrawal request is not approve. hopefully i can get my money back.
Reply
Partner
September 5
For me, it is important that the broker withdraws money
The most important thing for me in any forex broker is to have a working withdrawal of funds. So far I have about 4,000$ invested and 1200$ withdrawn. I checked the withdrawal with several transactions from 10$ to 600$, and so far it works fine :) I really hope and believe that the trading process will continue to be as smooth.
Reply

Modmount Ltd
October 30
Thank you!
Dear,

Thank you for taking the time to write a review! We're thrilled to hear that you had a great experience with us.

ModMount Ltd
Reply

Awesome
August 27
The firm is offshore and illegal
There are a lot of inconsistencies in the user agreement, because of which the trader is not protected in any way and risks losing all their money. Moreover, the company is not responsible for the loss.
Reply

Modmount Ltd
October 30
Missing Trading Account Number
Dear,

Unfortunately, we couldn't investigate your case as you haven’t provided your trading account name.
Please reach out to us directly via email [email protected], or phone
+2484632002 letting us know your trading account number so that we can assist you properly.

We remain committed to resolving this matter for you as quickly as possible.

ModMount Ltd
Reply

Denny Woo
August 27
The phone number given is fake
How do you like such ‌dishonest service?!! Can a serious broker specify some fake phone number?
Reply

Modmount Ltd
October 30
Missing Trading Account Number
Dear Denny,

Regrettably, we were unable to examine your case due to the absence of your trading account name. Kindly contact us directly via email at [email protected] or by phone at +2484632002. Please provide your trading account number to enable us to assist you effectively.

We are dedicated to resolving this issue for you promptly.

Sincerely,
ModMount Ltd
Reply

Svetdan
August 20
Traders risk their money a lot
I have already learned to trade in general, as my previous broker turned out to be a fraud, it stole my money, does not withdraw it for 5 months, and a week ago this site stopped working. So I learned during this time to distinguish thieves from good brokers. I think trading with Modmount is super risky. Yes, it is an officially registered brokerage company, which is legally located in Seychelles. But it has no normal regulation, so traders should be very worried about the safety of their own funds, which they gave to this forex broker. Besides, in the user agreement it is written that your personal data can be transferred to anyone without your permission and without warning.
Reply
Nickprototype
August 14
My trading experience is negative, I do not recommend it
I tried trading here and this terminal disappointed me. I registered quickly, funded my account with cryptocurrency, and invested of course, the minimum deposit is $250, it's not much money for me, so I understood the risk. Spreads turned out to be higher than is written in the trading accounts of ModMount Ltd. The list of assets is not so diverse, there is almost no crypto, and there are not so many stocks either. The technical work of the platform is below average, the terminal often hangs, you need to refresh the page, and when refreshing for some reason all the tools that I put on the chart, levels, indicators, and so on disappear. I drained half of my deposit and applied for withdrawal for the remaining half. Three days passed, and I have not received anything. I wrote to support and they told me that I need to be verified. I do not understand why?!! The withdrawal amount is 2 times less than what I deposited, meaning the broker can essentially withdraw via the KYC I filled out at registration. With any other broker you could start this small amount so easily. Now I'm thinking, is it worth it to provide an obscure offshore broker with my documents? Or is it still better not to take the risk!!!?
Reply

Modmount Ltd
October 30
Missing Trading Account Number
Dear Nick,

Unfortunately, we couldn't investigate your case as you haven’t provided your trading account name.
Please reach out to us directly via email [email protected], or phone
+2484632002 letting us know your trading account number so that we can assist you properly.

We remain committed to resolving this matter for you as quickly as possible.

ModMount Ltd
Reply

Romello81
August 13
Excellent brokerage service
There are not so many payment methods, but the most basic ones are available. In other points, the broker is not bad either, in terms of conditions, execution, attitude and service. I personally had no problems with withdrawing profits from ModMount Ltd. I have withdrawn both 700 dollars and 3000 dollars, always promptly. I can give the service the highest possible rating.
Reply

Modmount Ltd
October 30
Thank you!
Dear Romello,

Thank you for taking the time to write a review! We're thrilled to hear that you had a great experience with us.

ModMount Ltd
Reply

larisawaine
August 11
During several months of trading, I saw many pros and cons
There is regulation, but it is offshore, the names of the CEO and other important people in the management of the company are hidden. Precisely because Modmount ltd is registered offshore, then the broker has some veil of anonymity. And the software is common. I was annoyed by the document check. Although I know that you can safely work without verification at many other brokers for up to 200-300 dollars.
Reply
Ilya P
August 10
THIS IS A SCAM!!!
Two months ago I lost 6000$ here. The broker attracted me with interesting trading conditions, the presence of a license, and some openness to clients. So I decided to trade and opened an account in Modmount. My invested money quickly began to drain, and I applied for withdrawal of the remaining $3550, and I was blocked. That's all my experience!!!
Reply

Modmount Ltd
October 30
Missing Trading Account Number
Dear Ilya,

Unfortunately, we couldn't investigate your case as you haven’t provided your trading account name.
Please reach out to us directly via email [email protected], or phone
+2484632002 letting us know your trading account number so that we can assist you properly.

We remain committed to resolving this matter for you as quickly as possible.

ModMount Ltd
Reply

Paul Travolta
August 5
Illegal activity
The trading conditions that this broker offers show that its activity is most likely fraudulent and illegal. The leverage of 1:400 is an indicator of an unregulated broker, because if the company was under control, the regulators would forbid it to give leverages higher than 1:40. CFD contracts, various bonuses, signals, support from a personal manager are classic elements of a fraudulent forex company. Signals are created only to drain, as well as the service of a personal manager. Bonuses are an anchor for the client's deposit, so such pathetic scam companies are happy to give you bonuses.
Reply
grz
July 24
Unfortunately, I was a client of this scammer
I can't say anything good about the broker. But I will try to describe the technology with the help of which they defrauded me of 12 thousand euros. ModMount Ltd is aimed at inexperienced traders who are just starting their work on the forex market. There are training materials and the possibility to open a demo account. But when a person thinks that he has studied everything, and even in the terminal within the demo account he is able to make good deals, he transfers his deposit to them. And further, already in the real trading mode, it becomes clear that the terminal is clearly tilting the "market" against the trader. I put this word in quotes because I believe that there is no real access to the market here, and all this is an illusion to scam beginners. And to my great regret, I fell into it myself.
Reply
netsky
July 23
I always withdraw profits without any problems
I have withdrawn from Modmount ltd only 5 times, but always fast, stable, and without unnecessary questions. I didn't like only the fact that KYC should be done before the first deposit, i.e. you won't be able to try without KYC.
Reply
Lucaz
July 21
I believed in vain the promises of this false company
I tried the demo account, and everything was fine, but as soon as I switched to a real type of account, everything became worse at once: spreads are bigger, lags are stronger, and so on. I invested the minimum. In aggressive trading style my account decreased 3 times in a short period of time.
Reply
Valery
July 17
This is a dangerous platform, trading is always beneficial only to the broker
If you have chosen this brokerage company for your trading, you are wrong, as you will be working with con artists and anonymous crooks. Bright signs of fraud are additional services, bonuses, high leverage, and CFD contracts. The company itself works under B-Book, which makes it unsafe due to the fact that there is a conflict of interest. The client's earnings are a loss for the broker, so it will be against traders having success in trading and will do everything possible so that traders only drain money.
Reply
playerY
July 16
DECEPTION OF CLIENTS BY THIEVES
You can be 100% sure that you will lose your money here... such brokerage firms work for the sake of deception and profiting on gullible clients... I clearly realized it when I lost $730 here in one month :(
Reply