ModMount, a CFD broker regulated by the Financial Services Authority (FSA) in Seychelles, offers a diverse range of over 350 CFDs from various global markets for investors to explore. The platform allows traders to diversify their portfolios on a single trading site, enhancing their investment opportunities. Additionally, ModMount caters to a wide range of traders with five distinct trading accounts to choose from. The trading platform is available in 12 different languages, ensuring accessibility for a global clientele.
In this ModMount review, we will delve into the broker’s services, examining the available trading instruments, fees, the trading platform, and overall credibility. Join us as we explore these features and more in detail.
Key facts about ModMount
| License: | Financial Services Authority (FSA) Seychelles |
| Supported languages: | English, Arabic, Chinese Simplified, Chinese Traditional, French, German, Italian, Japanese, Malay, Portuguese, Spanish, Thai |
| Methods of contacting customer support: | E-mail, phone, and online chat |
| Contact: | [email protected], +2484632002 |
| Deposit methods: | Debit and Credit Cards, Bank transfer, Crypto, Gpay, ApplePay, EFT, PIX, WebPay, Gcash, PayMaya, Mobile Money, Sticpay and Jeton. |
| Withdrawal methods: | Credit Card, APMs, Bank transfer |
| Minimum deposit: | 250 USD |
| Trading platforms: | WebTrader |
ModMount Trading Platform
ModMount offers a WebTrader trading platform that works on all devices without the need for downloads. Traders can conveniently access their accounts from anywhere with an internet connection. The platform, suitable for traders of all levels, is both powerful and user-friendly. Additionally, it provides a range of trading tools.
Among these tools are customizable market alerts and real-time rate streaming to keep traders informed about market developments. Various indicators, including moving averages and oscillators, assist in analyzing trends and managing risk effectively. The platform also includes drawing and charting tools, allowing for detailed charting and technical analysis. Traders can mark price levels, trendlines, and support and resistance zones.
Moreover, ModMount’s platform integrates Trading Central, a top-notch technical analysis software. This feature provides independent research and analysis data to support traders in refining their investment strategies. With insights into hidden trading opportunities, optimal trade timing, and effective risk management, ModMount aims to empower traders with valuable market information.
Image source: Modmount’s Trading Central
Available assets on the ModMount Trading Platform
Traders are always on the lookout for brokers that offer various global market instruments on the same trading platform. With ModMount, traders get exactly that with over 350 different market instruments to invest in. Specifically, ModMount allows traders to invest in CFDs on:
🔶Forex – With ModMount, traders have access to 45+ different CFDs on currency pairs including minors, majors, and exotics.
🔶Commodities – ModMount also supplies its traders with over 20 different CFDs on commodities. These include CFDs on oil, corn, and a plethora of other commodities.
🔶Indices – Traders can also diversify their portfolios on 12+ different major indices including DOW 30, NASDAQ, and S&P 500.
🔶Stocks – On the ModMount trading site, traders have access to 60+ different stock CFDs on some of the most popular companies. These include companies like Apple, Microsoft, Alibaba, Chevron, and many more.
🔶Cryptocurrency Futures – The final class of assets that people can trade on ModMount is the cryptocurrency futures asset class. Here traders have access to 30+ different cryptocurrency futures on Bitcoin and other popular assets.
How to open a 🆓demo account?
Opening a demo account with ModMount is very simple, just register on their website.
Fees and Spreads
The spreads that traders pay on ModMount depend on the account a trader chooses to trade on. There is a total of five different accounts that traders can choose from. These include the Classic, the Silver, the Gold, the Platinum, and the VIP accounts. The minimum spreads that this broker offers on each of these accounts are astonishingly low and no commissions are required.
Another fee that applies when trading with ModMount is a swap fee applied to positions held overnight. This fee depends on the asset a trader holds overnight and the size of the position held. However, ModMount allows Muslim traders to access a swap-free account based on the Shariah law principles.
Customer Support and Education
Having the ability to communicate with the broker during a trader’s investment journey is crucial, as issues may arise along the way. Fortunately, ModMount ensures accessibility by offering three distinct channels for traders to reach customer support. The first option is the 24/7 live chat feature, providing instant assistance.
In case the live chat doesn’t meet traders’ needs, there are alternative methods. Traders can contact ModMount support through the mobile number +2484632002 or via email at [email protected]. Both mobile and email options are available Monday to Friday, from 12:00 to 21:00 GMT. By providing these diverse communication channels, ModMount aims to eliminate any obstacles that might hinder traders.
Additionally, ModMount places a strong emphasis on client education, offering a comprehensive educational section. This resource is designed to help traders enhance their knowledge and skills across various areas, covering topics from fundamentals to advanced trading strategies.
Image source: ModMount’s Contact Us Page
ModMount’s Credibility
Perhaps the most important thing to look at on a broker site is its regulations. Traders always want to know that they are trading with a broker that has oversight from stringent organizations. ModMount is a regulated broker that holds a license from the Financial Services Authority in Seychelles with license Number SD119.
Another key feature to look at when determining the credibility of a broker is the online customer reviews. Notably, ModMount has a stellar rating on Trustpilot sitting at 3.3 stars out of 5. Overall, it seems that most customers have a positive experience with this broker.
Image source: ModMount’s profile on Trustpilot
Our Final Opinion
In summary, ModMount distinguishes itself as a comprehensive and dependable CFD broker, providing a varied choice of trading instruments. Featuring over 350 CFDs, including Forex, commodities, indices, equities, and cryptocurrency futures, traders can develop diversified portfolios utilizing the user-friendly WebTrader interface. The broker enhances the trading experience with low spreads and bilingual customer support.
To cater to varied trading preferences, ModMount offers five account types, each boasting competitive spreads and zero commissions.
ModMount’s credibility is solidified by its regulation by the FSA in Seychelles. Positive customer reviews on Trustpilot further validate the broker’s reputation, earning an impressive rating of 3.3 out of 5 stars.