Trading on the forex market has many advantages for traders. One of its benefits is the excellent liquidity of forex trading, where trillions of dollars are transacted daily. In addition, due to the quick execution of trades and tighter spreads made possible by this liquidity, traders can quickly enter and exit positions.
Additionally, the forex market is open every day of the week, 24 hours a day, giving traders plenty of possibilities to trade at their convenience. Finally, leverage is a tool traders can use to control more extensive holdings with less capital, increasing earnings.
Additionally, various currency pairs are available on the forex market, offering various trading opportunities.
Located in Seychelles and registered with the regional Financial Services Authority (FSA) under the domain number SD119 is ModMount, a business owned by ModMount Services Limited. ON THE OTHER HAND, the FCA in the UK, ASIC in Australia, and CySEC in Cyprus are generally regarded as more dependable than offshore regulators like the FSA.
ModMount is registered under number 8426105-1. Therefore, residents in specific jurisdictions like the USA are not eligible for ModMount’s services.
As a relatively new player in the trade sector, ModMount registered its domain in 2022.
Modmount Services Limited, a Seychelles-based investment company, runs ModMount or modmountltd.com. The Financial Services Authority (FSA) of the Seychelles has authorised and is in charge of regulating the company. Operating in a regulated setting indicates their dedication to ethical business practices and offers investor protection, ensuring fair treatment.
The separation of clients’ money is crucial to client safety. By putting client assets in segregated accounts, ModMount ensures they are kept apart from its funds. If the business encounters financial issues, this segregation helps protect client funds.
ModMount is dedicated to upholding a secure and reliable trading environment by abiding by rules and putting safeguards in place to protect customer assets.
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For various trading options, this account provides access to over 350 CFDs on different assets, including equities, indices, commodities, and cryptocurrencies. As a result, Forex traders can amplify their positions and optimise their trading potential with a maximum leverage of up to 1:400.
A dedicated multilingual support team ensures that help is easily accessible in several languages, meeting the demands of traders everywhere. In addition, effective transaction execution is a priority, with an average execution speed of 0.08 seconds.
Several helpful features are available with the Silver account on ModMount. First, silver account holders receive a swap discount, guaranteeing better rollover rates.
Additionally, the account offers a 100% margin call threshold, giving traders additional freedom to manage their positions.
The 20% stop-out level acts as a safety net for traders to control their risk. In addition, smaller position sizes are possible due to the minimum volume of every trade being set at 0.01 and the maximum volume per trade being regulated at 50, which limits exposure.
Additionally, because the Silver account permits trading on all accessible assets, traders have a wide range of options for diversifying their portfolios.
They offer several appealing features in the Gold account that ModMount is offering. Trading activities can be funded more effectively for those with a Gold account because no commission is applied to deposits.
A wide range of trading options are available to traders thanks to more than 350 CFDs on different assets, including equities, indices, commodities, and cryptocurrencies.
Additionally, traders can increase their trading positions with the Gold account’s maximum forex leverage of 1:400. Investors are guaranteed individualised support in their chosen language thanks to dedicated multilingual support. As a result, trades may be executed quickly and precisely, enhancing traders’ trading performance, with an average execution speed and flexible spreads of just 0.05 pips.
The ease of making deposits without paying commission fees is available to traders. There are several trading opportunities to explore, thanks to the availability of over 350 CFDs that cover a variety of assets, including equities, indices, commodities, and cryptocurrencies. In addition, a trader’s trading positions may be amplified with the Max Forex leverage of up to 1:400.
Furthermore, specialised multilingual support ensures that assistance is easily accessible to traders in their preferred language, resulting in a seamless trading experience. As a result, trades may be quickly and effectively conducted with an execution time of 0.08 seconds on average.
For their customers, ModMount offers several feasible deposit options. These consist of the following:
Wire transfer: Traders can add money directly to their accounts. This approach entails shifting money between bank accounts.
Debit/ Credit Cards: Accepts payments made using debit and credit cards for deposits. Users can safely deposit money by securely connecting their cards to their trading accounts.
APMs (Alternative Payment Methods): Brokers accept APMs as deposit methods. E-wallets or well-known online payment systems could be among these techniques.
For withdrawals, ModMount has specific policies and fees. The minimum withdrawal amount for wire transfers is 100 EUR/USD, whereas it is 10 EUR/USD for credit cards.
Withdrawals through e-wallets and debit/credit cards are charged a 3.5 per cent fee. However, there is a 30 EUR/USD cost for wire transfers.
Additionally, ModMount levies a 10 EUR/USD maintenance fee. Furthermore, a cost of 80 EUR/USD will be charged for accounts that are inactive for up to two months. After that, the cost rises to 120 EUR/USD for accounts idle for up to six months. Finally, the cost increases to 200 EUR/USD when inactive for over six months.
Indices give investors a consolidated view of many equities, enabling them to follow the performance of a specific industry, area, or market. In addition, they serve as comparative indicators for assessing trends in particular investment sectors.
For traders globally, the forex market volatility offers both difficulties and opportunities. Numerous traders are drawn to the frequent variations in currency rates as they want to profit from these changes. However, online traders can recognize and take advantage of Forex’s chances by using the most efficient techniques at the appropriate times.
Trading crypto CFDs is available through ModMount. Investors do not have to possess the underlying asset to trade CFDs. However, traders must speculatively predict the asset’s price changes to profit from the market’s volatility.
The trading platform ModMount offers more than 150 equities. Due to their significant financial results, innovative services, and influential positions within their sectors, companies like Google and Tesla frequently have substantial liquidity and market interest—traders and investors who look for chances to profit from their market moves regularly monitor their stock prices.
The global economy greatly depends on the commodities market, which has a long history. This market mixes a variety of resources and raw commodities, and because of the quick changes in value that might occur, many different factors play a role.
CFDs on 20+ of the most often-used commodities
Pricing updates and market alerts instantly
|Wire Transfer||30 USD/EUR|
|Inactivity Period||Monthly Account Inactivity fees|
|0 to 30 days||0 USD|
|After 30 days||100 USD|
|After 60 days||250 USD|
|After 6 months||500 USD|
Traders are given access to a wide range of tools that improve their capacity for market analysis by utilising the strength of MT4. The MT4 platform provides traders access to various technical indicators and charts, enabling them to analyse market trends and patterns.
Using expert advisors and custom indicators in MT4 also allows traders to customise their trading strategies and automate particular trading duties.
User-friendliness is carefully considered when developing web-based trading platforms to provide a seamless trading experience. This platform is made with everyone’s accessibility and convenience in mind, with a heavy emphasis on user-friendliness.
The user-friendly web-based platform’s layout makes it simple to navigate and use, whether you are a novice trader or a seasoned pro. Following are the key features:
The website’s learning resources need to be sufficient in terms of both research and education. For example, a broker website should offer daily news, chart analysis, video courses, information on specific currency themes, and trading e-books.
To make trading more accessible for newbies and expert traders, we advise traders to select a broker that offers them access to such information and research materials. Two such brokers are XPro Markets and Elland Road Capital.
Verifying a forex broker’s validity and dependability ought to be your top priority. These elements are given top priority by ModMount, assuring you that your investments are secure. The business not only follows strict anti-money laundering regulations and is authorised and governed by the Financial Services Authority (FSA) of the Seychelles. Additionally, ModMount goes far beyond preserving customers’ money by separating them into distinct accounts, protecting them from possible monetary dangers.
These security precautions enable you to trade with ModMount with confidence, knowing that your money is secure in the hands of a dependable and trustworthy broker.
At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.
We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.
Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.
Yes, ModMount is regulated by Seychelles’s Financial Services Authority (FSA). This regulatory authority ensures that ModMount follows strict guidelines and operates in a regulated environment, providing investor protection and ensuring fair treatment.
No, residents from specific jurisdictions like the United States are not eligible to use ModMount’s services.
ModMount offers several deposit options, including wire transfers, debit/credit cards, and alternative payment methods (APMs) such as e-wallets or online payment systems.
Yes, ModMount has specific policies and fees for withdrawals. For example, wire transfers have a minimum withdrawal amount and incur a cost, while withdrawals through e-wallets and debit/credit cards are charged a percentage fee.
Trading online with ModMount is a good experience. The broker has various account types, tools and is regulated by top authorities. Thus, a secure broker to trade with.
Initially, when I used ModMount I didn’t expect much and was trying the platform. But after 8 months of using this brokerage platform I’m in love with the services and features.
Thanks to ModMount for being invented. Its such an easy to use broker. The facilities are best with professional customer support. What can one ask for then these trading facilities.
I came across the ModMount platform six months ago. The services of the broker are secure and efficient. It is a well managed and regulated broker with best of trading services.
Modmount is a great trading platform online, I had been using the services for a few months now. Its trading tools, instruments and market accessibility are top class.