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Modmount Forex Broker provides real users with 3 positive reviews, 1 neutral reviews and 4 exposure review!

Modmount Broker Review

4.65

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Modmount Review 8

Latest All(8) Positive(3) Neutral(1) Exposure(4)
Exposure
No reply

This platform has made me shy and no longer responds to me, nor my calls, nor my communication with their mother, they promised me to trade with them and communicate with someone, but it is all lies and fraud, they took the amount of $ 300 and the communication ended

FX7725615812
2024-06-19
Exposure
All the funds were gone in one night

Mark asked me to deposit money and kept calling me. When I found that there was a problem and wanted to withdraw money, I was not allowed to withdraw money because the margin was lower than the safe value. There is no stop loss in investment, and the losses are increasing. Mark says this is not a real loss, I have to believe him. This is a scam. In just one night, more than 5,000 US dollars were gone. I do not recommend this platform at all.

Hababa
2024-04-11
Exposure
They kept asking me to deposit money, and finally my position was liquidated and I lost a loss of 20,000 US dollars.

They kept asking me to deposit money, and they kept asking me to find a way to borrow money, but I said I couldn't. Robert said that was my business. The person who helped me with the operation was MARK. He called me every day. The day before I was about to liquidate my position, he said he would find a way to protect my investment. As a result, all my money was gone the next morning. I invested 20,000 US dollars, and it was all gone. Then they disappeared and stopped contacting me. Never trust this kind of departure supervision, there is no guarantee at all. The second time he promised me that he would pay me back, he broke his promise. These 20,000 US dollars were all borrowed, and they would only ask me to get the money out. If there was a profit at that time, they would not give me the money.

尤西
2024-03-30
Exposure
Unable to make a profit, trading for customers, deliberately losing money...

In mid-February, I was tricked into leaving my personal information on Facebook. Later, Modmount Services Ltd staff called me and said that they had opened an account for me. They then continued to press me to deposit money, and the entire process was handled by two staff from the company (one person). A person named Mark and another named Robert (hereinafter referred to as the company representative) conducted transactions for me (completely without my consent). I made multiple deposits totaling more than 13,000 US dollars. After that, the company representative forcibly traded for me and deliberately made losses (only I set a stop-profit but did not set a stop-loss). My capital lost nearly 7,000 US dollars. I asked for a stop-loss many times to no avail. Finally, I forcibly closed the position and requested a withdrawal (withdrawal), but Modmount refused my withdrawal without any reason.

hksar5
2024-03-10
Positive

Modmount is great. The person in charge is also excellent.

Qさん
2023-06-17
Positive

We believe Modmount is an excellent investment firm when viewed objectively or in its entirety. The maximum use of AI technology is also great. The rep is also excellent. We highly value the competence of the person in charge and the professionalism of the person in charge's individual research.

Qさん
2023-06-17
Positive
Modmount Trading: Beginner-Friendly Experience, Smooth iPhone Usage

Started trading with Modmount in the past few weeks. It's good for beginners. Good experience with my iPhone as well.

Helping forex!
2023-06-08
Neutral

While browsing online, I came across the website of this offshore regulated brokerage firm, but unfortunately, the website seems to be still under construction and I don't have access to any other information at the moment. While I am disappointed that I cannot currently access more information, I will definitely keep an eye on this firm's progress and check back later when the site is fully functional.

FX1399694434
2023-03-28

  

ModMount 2025 Review: Everything You Need to Know

  In 2025, ModMount emerges as a noteworthy player in the forex and CFD brokerage landscape. The platform, regulated by the Seychelles Financial Services Authority (FSA), offers a user-friendly trading environment coupled with competitive features. However, mixed user reviews indicate that while some traders appreciate the services, others express concerns about withdrawal difficulties and customer support responsiveness.

  Note: It's important to recognize that regulatory oversight varies by region, and the FSA is not considered a top-tier regulator. Thus, traders should approach with caution and conduct thorough due diligence.

  

Rating Overview

Category Score (out of 10)
Account Conditions 6.5
Tools and Resources 7.0
Customer Service and Support 5.5
Trading Setup (Experience) 6.0
Trustworthiness 6.5
User Experience 6.0

  We evaluate brokers based on user feedback, expert analysis, and factual data from reliable sources.

  

Broker Overview

  Founded in 2022, ModMount operates under the regulatory framework of the Seychelles FSA, holding license number SD 119. The broker provides a proprietary web-based trading platform known as ModMount WebTrader. It offers access to various asset classes, including forex, commodities, cryptocurrencies, stocks, and indices, catering to both novice and experienced traders.

  

Detailed Breakdown

  

Regulatory Geographies

  ModMount is regulated by the Seychelles Financial Services Authority (FSA). However, it lacks regulation from more prominent authorities such as the FCA (UK) or ASIC (Australia). This may raise concerns for potential traders about the level of protection and oversight.

  

Deposit/Withdrawal Currencies

  The platform accepts deposits and withdrawals in multiple currencies, including USD, EUR, and JPY. Additionally, it supports cryptocurrency deposits, enhancing flexibility for users.

  

Minimum Deposit

  The minimum deposit requirement to open an account with ModMount is $250, which is relatively standard compared to other brokers.

  

Bonuses/Promotions

  Currently, ModMount does not offer any bonuses or promotional incentives, which may affect its attractiveness to new traders seeking additional value.

  

Tradable Asset Classes

  ModMount provides a diverse range of tradable assets, including over 45 forex pairs, more than 160 stocks, commodities like gold and oil, and cryptocurrencies. This variety allows traders to diversify their portfolios effectively.

  

Costs (Spreads, Fees, Commissions)

  ModMount features variable spreads, starting from 0.9 pips for VIP accounts, and higher for lower-tier accounts. Users should be aware of additional costs, including a $30 withdrawal fee for bank transfers and a monthly inactivity fee of $100 after 30 days of no trading activity. According to Forex Suggest, the average trading cost for EUR/USD is approximately 4.1 pips.

  

Leverage

  Traders can utilize leverage of up to 1:400 on forex pairs, which can amplify both potential gains and losses. However, caution is advised, as high leverage can increase risk exposure significantly.

  

Allowed Trading Platforms

  The primary trading platform is ModMount WebTrader, which is web-based and does not support popular platforms like MT4 or MT5. This might limit advanced traders who rely on algorithmic trading strategies.

  

Restricted Regions

  ModMount does not accept clients from several regions, including the United States, Canada, Australia, and certain EU member states. This limitation may restrict access for a significant number of potential traders.

  

Available Customer Support Languages

  ModMount provides multilingual customer support, including English, Spanish, German, and Arabic. However, some users have reported delays in response times, particularly during peak trading hours.

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 6.5
Tools and Resources 7.0
Customer Service and Support 5.5
Trading Setup (Experience) 6.0
Trustworthiness 6.5
User Experience 6.0

  

Detailed Breakdown of Ratings

  

Account Conditions

  ModMount offers multiple account types, including Classic, Silver, Gold, Platinum, and VIP, all designed to cater to various trading needs. However, the minimum deposit requirement of $250 may be seen as a barrier for some beginners.

  

Tools and Resources

  The broker provides a user-friendly platform with integrated tools, including Trading Central for market analysis. However, the absence of MT4 or MT5 may deter some traders looking for advanced trading functionalities.

  

Customer Service and Support

  Customer service has received mixed reviews. While some users commend the responsiveness of the support team, others have expressed frustration over delayed responses and difficulty in resolving issues.

  

Trading Setup (Experience)

  The trading experience is generally positive, with a focus on ease of use. However, some users have reported challenges in executing withdrawals, which can detract from the overall experience.

  

Trustworthiness

  While ModMount is regulated by the Seychelles FSA, the lack of oversight from more prestigious regulatory bodies raises questions about the broker's trustworthiness. Users should proceed with caution and consider starting with smaller amounts.

  

User Experience

  Overall, the user experience is satisfactory, with a well-designed platform. However, the limitations in trading tools and the absence of a dedicated desktop application may affect some traders' preferences.

  In conclusion, ModMount presents a viable option for traders seeking a user-friendly platform with a diverse range of assets. However, potential users should carefully consider the regulatory environment and user reviews before committing to this broker.