(4.5 / 5)5+ Ratings

ModMount Reviews

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Overall Rating

4.5

5 Reviews

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About ModMount

ModMount is an online trading broker that offers a variety of services. The platform provides a commission-free trading environment and a wide range of assets, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.

Users can access the market 24/7 and execute trades quickly with one-click trading operations. The platform also provides real-time updates on market trends and movements.

ModMount offers different types of accounts to cater to the varying needs of traders. The platform also provides a leverage ratio of 1:400, allowing users to trade larger amounts with a smaller capital.

ModMount also offers over 350 CFDs and advanced trading tools, including real-time charts, technical analysis indicators, and risk management tools.

However, it's worth noting that some reviews have raised concerns about its offshore registration and regulatory oversight. It's always a good idea to do thorough research before choosing a trading platform.

Payment Options Available

Credit/Debit Cards

Apple Pay

Google Pay

ModMount Pros & Cons

Pros:

User-Friendly Platform: ModMount offers a user-friendly trading platform designed to enhance the trading experience and cater to individual preferences.
One-Click Trading: The platform provides one-click trading options, allowing traders to execute trades quickly and efficiently.
Negative Balance Protection: ModMount ensures that traders do not lose more than their initial investment, safeguarding against excessive losses.
Commission-Free Trading: The platform operates on a commission-free basis, providing a cost-effective trading experience.
24/7 Market Access: Users can access the market round-the-clock through web and mobile trading.
Real-Time Market Updates: Users receive real-time updates on market trends and movements.
Tailor-Made Accounts: ModMount offers different types of accounts to cater to the varying needs of traders.

Cons:

Limited Educational Tools: The broker provides limited educational and research tools, which may hinder traders’ ability to expand their knowledge and make informed trading decisions.
No MT4/MT5 Support: ModMount does not offer MT4 or MT5 trading options, limiting the choices available to traders who prefer these platforms.
Inactivity Fee: Traders may incur an inactivity fee if their account remains dormant for an extended period, potentially impacting their account balance.
Withdrawal Delays: Cashouts are denied on the same day, so traders may experience delays accessing their funds after initiating a withdrawal request.
Third-Party Charges: Traders may face third-party payment processing charges and potential currency conversion fees.
Scam Allegations: There are numerous allegations of scamming and deceptive practices, including manipulating trades and refusing withdrawals.

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ModMount Customer Reviews (5)

Klaudia Krause

Verified Buyer

Jul 19, 2024

Didier Fluet

Verified Buyer

Jul 18, 2024

Dennis Pixley

Verified Buyer

Jul 18, 2024

Kathrin Zimmerman

Verified Buyer

Jul 16, 2024

Christine Vogler

Verified Buyer

Jul 13, 2024

ModMount Customer’s Q&A

No question yet

ModMount Features and Benefits

ModMount offers a variety of features and benefits to its users. Here are some key points:

Commission-free trading environment: ModMount operates on a commission-free basis, providing a cost-effective trading experience.
Variety of assets: The platform offers a wide range of assets, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.
24/7 market access: Users can access the market round-the-clock through web and mobile trading.
User-friendly platform: ModMount's platform is designed to be user-friendly, offering a seamless trading experience.
One-click trading: This feature allows users to execute trades quickly and efficiently.
Real-time market updates: Users receive real-time updates on market trends and movements.
Tailor-made accounts: ModMount offers different types of accounts to cater to the varying needs of traders.
Leverage ratio of 1:400: This high leverage ratio allows users to trade larger amounts with a smaller capital.
Over 350 CFDs: Users have access to a wide range of CFD products, including currencies, stocks, commodities, and indices.
Advanced Trading Tools: The platform provides real-time charts, technical analysis indicators, and risk management tools.
Intuitive Order Execution: Users can execute trades seamlessly with different order types, including market orders and limit orders.

These features make ModMount a comprehensive and versatile trading platform for all types of traders. However, it's always a good idea to check the official website for the most up-to-date information.

ModMount Pricing

ModMount is an online trading platform that offers a variety of services. The platform maintains a commission-free pricing environment. However, the trading platform quoted the EUR/USD with a minimum spread of 4.0 pips or $40.00 per 1.0 standard round lot.

For withdrawals, the minimum amount for wire transfers is 100 EUR/USD, while for credit cards, it is 10 EUR/USD. Debit/credit card and e-wallet withdrawals are subject to a 3.5 percent fee. Wire transfers incur a fee of 30 EUR/USD.

The platform offers one-click trading operations and a wide range of assets, including Forex, indices, metals, stocks, cryptocurrencies, and commodities. The platform also provides 24/7 access to the market.

Please note that all information is subject to change and it's always a good idea to check the official website for the most up-to-date information.

Payment Method

ModMount accepts various payment methods for convenience. These include bank wires, credit/debit cards, MiFinity, Google Pay, Apple Pay, and many other local payment methods based on your country. This flexibility aligns with traders’ financial preferences and objectives, making it convenient for clients from various regions. It's important to note that the processing time for these methods may vary. For instance, wire transfers may take longer due to bank procedures. However, credit/debit card transactions are usually quick and secure. ModMount also supports alternative payment methods (APMs), which can encompass popular digital wallets, online payment systems, or localized payment solutions. This provides additional flexibility when it comes to funding your trading account. For a comprehensive list of supported APMs, consult ModMount’s platform. Each of these funding methods is designed to offer convenience and accessibility, allowing you to choose the one that aligns best with your preferences and needs.

ModMount FAQs

How To Open A ModMount Account?

To open an account on ModMount, follow these steps:

Visit the ModMount website.
Click on the "Open Account" or "Sign Up" button.
Fill in the required personal details, which include your name, last name, country code, phone number, and password.
Agree to the Client Agreement, Privacy Policy, and Terms & Conditions.
Click on "Proceed" to complete the registration.

Remember, you must be over 18 years old to open an account. Once the account is created, you can log in by clicking the "Login" button and entering your username and password. Enjoy trading with ModMount!