Modmount Services Limited, which operates the site, is authorized and regulated in the Seychelles. In addition, the company has an FSA license. It is worth noting that the founders of the project promise to provide customers with advantages to achieve high profits. However, for some reason, they hide their names, as well as the lifetime of the platform.

Should you trust your capital and personal information to this broker? During the Modmount Ltd review, we will find out the main characteristics of the trading conditions of the online trading service and evaluate the reliability of the broker.

How to Trade

The company offers clients CFD trading on more than 160 assets, including Forex markets, indices, cryptocurrencies, and other classes. The 5 trading plans presented on the website differ from each other by spread sizes and swap discounts.

After registering an account, you can additionally use the following features:

  • Demo account, which is available after KYC verification.
  • Bonuses with 2000 volume in 30 days.
  • Three affiliate program options.

ModMount Ltd warns traders about adjustments to the trading schedule by liquidity providers.

The organization disclaims responsibility for leakage of user information and blocking of their account. On the other hand, the customer undertakes to indemnify the company by signing the Client Agreement.

The firm provides free training, online support, and chart analysis.

ModMount Ltd Vital Info

The platform owners do not disclose any information about their team. Meanwhile, they require an extensive set of copies of documents and personal data of potential clients. As for the history of the project, the official website does not indicate the date of its creation, and there is no information about the company’s achievements and plans. However, the domain we are considering was registered more than two years ago, in February 2022.

Our verification revealed that the phone number listed on the site is not registered in the system and the email address does not exist either. Modmount Services Limited, which manages the resource, with number 8426105-1, is indeed regulated by the Seychelles Financial Services Authority and holds license number SD119. Meanwhile, the intermediary states that it does not provide its services in the European Union or to residents of other jurisdictions where its activities contradict local laws. It is unclear to us why the registration form on the site allows the creation of an account with the phone number of a user from the EU.


What are the key facts about ModMount Ltd?

The brokerage firm is registered in Seychelles, its activities are licensed and regulated in this offshore jurisdiction. The owners do not specify the date of the project's foundation. The intermediary has profiles on Linkedin and Instagram. However, they have no comments and only 1-2 likes on their posts, which does not correspond to the stated 3 thousand subscribers.

What's the risk to my wallet when working with this broker?

The organization has only one offshore license and its activity is not regulated in other countries. Therefore, you may lose all your funds, since you will not be able to obtain government protection if the firm blocks your account. Besides the fact that CFDs are a risky trading method, leverage of 1:400 increases your chances of running out of money many times over.

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