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Modmount

High riskForex / CFD broker
🇸🇨 Seychelles · 2-5 years · since 2022-10-10 · Modmount Services Limited
FSA
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2.1/5
★★★★★ ★★★★★
332 reviews ›
1
Licenses ›
39
Withdrawal issues ›
—
Min. deposit ›
1:400
Max leverage ›
5
Account types ›
50/100
Scam risk ›
1
Clone sites ›
Accounts: VIPPlatinumGoldSilverClassic
▲ 17% positive▼ 58% negative
Independent ratingshow third parties score this broker
WikiFX3.47/10
Trustpilot2.1/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from Modmount? Our free assistant writes up your case and shows exactly what to do next →
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No sign that Modmount actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
50
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Registered in Seychelles (offshore, light oversight)
  • 4 user exposure/complaint reports filed
  • Withdrawal complaints in ~25% of recent reviews
Exit Risk
30/100
4 reviews in the last 3 months, 50% negative, 1 withdrawal complaint
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing5535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)010%
Real-user sentiment708%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameModmount Services Limited
Headquarters🇸🇨 Seychelles
Founded2022-10-10
Years operating2-5 years
Employees0
Official websitemodmountltd.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
House of Francis, Room 302, Ile Du Port, Mahe Seychelles

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSADerivatives Trading License (EP)SD119SeychellesOffshore Regulation

Account types · 5

AccountMax leverageMin. depositMin. spreadCommissionEA
VIP1:400------✓
Platinum1:400------✓
Gold1:400------✓
Silver1:400------✓
Classic1:400------✓
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

The overwhelming majority of user reviews paint Modmount as a high-risk broker with severe withdrawal issues, aggressive sales pressure, and a pattern of ignoring clients after deposit. Trustpilot's 2.1/5 score and 39 withdrawal-specific complaints underscore a systemic problem: users deposit money but then face endless delays or outright denial when trying to access their funds. While a handful of accounts report positive experiences with customer support and platform stability, the dominant signal is one of scam behavior, including fake adverts, unqualified analysts, and artificial losses attributed to the broker rather than market movement.

Not for
  • risk-averse traders
  • traders seeking regulated brokers
  • traders requiring reliable withdrawals
Period:
What users complain about
What users praise
Where reviewers are from
🇮🇳 IN25
🇦🇪 AE15
🇧🇷 BR10
🇵🇭 PH9
🇸🇬 SG8
QA7
Positive vs negative · last 12 months Pos Neg
Apr
Jun
Jul
Aug
Sep
Oct
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Real user reviews

Where Modmount operates

Active across 2 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇷 Turkey
🇸🇦 Saudi Arabia
🇸🇨 Seychelles Licensed
🇭🇰 Hong Kong 1 complaint
🇹🇼 Taiwan 2 complaints
🇦🇪 United Arab Emirates 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Modmount says about itself as stated by the broker · not independently verified by FXCanary

Company Offering

ModMount states it is a brokerage firm that provides a range of trading services and account types designed to suit different trader needs. According to the company, traders can access various trading instruments including indices CFDs, Forex trading, cryptocurrency CFDs, stocks CFDs, and commodities CFDs.

Account Types

The broker claims to offer five account tiers: VIP, Platinum, Gold, Silver, and Classic. According to the company, these accounts come with maximum leverage of 1:400 and varying features, spreads, and commissions, though specific minimum deposits and spreads are not disclosed.

Platform & Tools

ModMount says it provides the ModMount WebTrader platform, which offers a user-friendly interface, advanced analytical tools, customizable market alerts, and trading history analysis. The broker emphasizes that the platform is designed for both novice and experienced traders.

Customer Support

The company states it offers customer support through email, live chat, and phone. According to ModMount, support is available to assist with account issues, technical queries, and trading guidance.

Security & Regulation

ModMount claims to hold a Derivatives Trading License from the Seychelles Financial Services Authority (FSA). The broker states that this regulatory status ensures a level of oversight, though it acknowledges the license is an offshore regulation.

About Modmount

Company Overview

ModMount is a forex and CFD brokerage founded on 10 October 2022 and headquartered in Seychelles. The company's full legal name is Modmount Services Limited, with a registered address at House of Francis, Room 302, Ile Du Port, Mahe, Seychelles. It is a relatively new entrant in the online trading space, aiming to offer a versatile trading environment with multiple account tiers and a proprietary platform.

Regulation

ModMount operates under a Derivatives Trading License (EP) issued by the Seychelles Financial Services Authority (FSA). The license is classified as an offshore regulation, which means the broker is not subject to the same stringent oversight as brokers regulated by top-tier authorities like the FCA or CySEC. Traders should consider the implications of offshore regulation, including limited investor protection and compensation schemes.

Account Types

The broker offers five account types: VIP, Platinum, Gold, Silver, and Classic. All accounts come with a maximum leverage of 1:400. Specific minimum deposit requirements, spreads, and commissions are not publicly disclosed by ModMount, but the broker indicates that each tier provides different features and trading conditions designed to cater to various trader experience levels and capital sizes.

Platform and Trading Instruments

ModMount provides its own proprietary WebTrader platform, which aims to deliver a user-friendly interface with advanced analytical tools, customizable market alerts, and trade history analysis. The platform is accessible via web browser and does not require download. The broker offers trading in multiple asset classes, including forex currency pairs, indices CFDs, cryptocurrency CFDs, stock CFDs, and commodity CFDs. The full range of specific instruments is not detailed on the website.

Funding and Withdrawals

While ModMount does not publicly list its accepted deposit and withdrawal methods, user feedback suggests that bank transfers and credit/debit cards may be supported. The broker states that it processes withdrawals through its finance department, though many users report significant delays. As with many offshore brokers, clients should verify available funding methods directly with customer support.

Customer Support

ModMount offers customer support via email, live chat, and telephone. The broker claims to provide responsive assistance for account inquiries, technical issues, and trading guidance. However, user reviews indicate that support quality can be inconsistent, with some experiencing prompt service and others facing long response times or unhelpful replies.

Target Audience

With its range of account tiers and high leverage (1:400), ModMount appears to target both retail traders and those seeking leveraged exposure to various markets. The broker's offshore regulation and lack of transparency on certain fees may appeal to traders comfortable with higher risk. However, the broker may not be suitable for beginners or those prioritizing strong regulatory protection.

Overview compiled by FXCanary from regulatory records and public data. full Modmount review