ModMount

ModMount is an online forex and CFD broker incorporated in Seychelles in April 2025. The broker is operated by Modmount Services Limited, registered at House of Francis, Room 302, Ile Du Port, Mahe, Seychelles. According to its official website, it holds a securities dealer license from the Seychelles Financial Services Authority (FSA) under license number SD119.

From our known facts, ModMount also lists a CySEC (Cyprus Securities and Exchange Commission) license, though this is not prominently displayed on the website. As a newly established broker, it targets retail traders seeking flexible trading conditions and a variety of account options. The broker’s tagline, 'Dare to Take Over the Market,' reflects its marketing focus on market challenges and trading empowerment.

ModMount offers five retail account tiers: Classic, Silver, Gold, Platinum, and VIP. Each account provides access to 160+ CFDs on forex, indices, commodities, metals, and stocks. The maximum leverage for forex is up to 1:400, while other asset classes have lower leverage caps. Spreads vary by account, with the VIP account offering the tightest spreads (e.g., 0.9 pips on EUR/USD) and the Classic account offering wider spreads (2.5 pips on EUR/USD).

The broker does not charge deposit commissions and provides dedicated multilingual support. All accounts include advanced analytical instruments and flexible spreads. Leverage for silver and gold, indices, commodities, and stocks is limited to 1:200 (or 1:5 for stocks). The broker also provides swap discounts on the Platinum account and a demo account option for new traders.

ModMount states it offers 160+ CFDs on a range of assets. The website does not specify the trading platform used, but it mentions 'one-click trading operations' and 'high execution speed' in its marketing. Available currency pairs include majors such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, and EUR/GBP. Commodities like crude oil are also listed with fixed spreads in pips or dollar amounts.

Detailed specifications for each asset class are not extensively disclosed on the site. The broker emphasizes customization of accounts to meet individual trading strategies, though specific platform names (such as MetaTrader 4 or 5) are not mentioned on the pages reviewed.

The minimum deposit requirement is 250 USD or equivalent in EUR or CHF. ModMount accepts deposits via credit/debit cards, wire transfer, and various alternative payment methods including cryptocurrencies, Google Pay, Apple Pay, EFT, Pix, WebPay, GCash, PayMaya, mobile money, Sticpay, and Jeton. The broker claims zero deposit commissions.

Withdrawal methods are not explicitly detailed on the website, but the presence of a 'Refund and Cancellation Policy' and 'General Fees' document suggests standard procedures. The FAQ states that clients need to contact support for issues, indicating customer service availability via email, phone, and live chat.

ModMount is regulated by the Seychelles Financial Services Authority (FSA) under license SD119. Seychelles is an offshore jurisdiction known for its light regulatory oversight compared to top-tier regulators like the FCA or CySEC. The broker’s registration number is 8426105-1.

Our known facts also include a CySEC license (Derivative Trading License STP) from Cyprus, but this is not referenced on the broker’s website or legal documents. The broker’s risk disclosures and client agreement are available for download, and it claims to follow best execution and AML policies. However, given its recent incorporation and offshore licensing, traders should exercise caution.

ModMount appears aimed at retail traders seeking high leverage (up to 1:400) and a range of account types. The broker’s marketing language—emphasizing 'challenge,' 'leadership,' and 'market dare'—appeals to traders with a higher risk appetite. The availability of multiple funding options, including cryptocurrencies, suggests a focus on international clients.

Conversely, the broker may not suit risk-averse traders or those who prioritize strong regulatory protection. The high FXCanary scam risk score of 85/100 (Severe) indicates significant due diligence is required before engaging with this broker.