Introduction
In this comprehensive review, we delve deep into ModMount, a leading online brokerage platform. From its trading platform features to regulatory compliance, we provide an in-depth analysis to help you make informed decisions.
Overview
ModMount stands out for its user-friendly trading platform, offering embedded Trading Central services and a diverse range of assets across various sectors.
Key Features
Here's a quick overview of ModMount's key features:
| Features | Availability |
|---|---|
| All major platforms available? | Yes |
| Regulated Broker? | Yes |
| U.S. Clients? | No |
| All common payment systems available? | No |
Platform Analysis
Trading Platform
ModMount offers a proprietary trading platform with one-click trading functionality and integrated Trading Central services, making it suitable for both novice and experienced traders.
Asset Selection
With over 350 CFDs spanning six sectors, including cryptocurrencies and metals, ModMount provides a diverse array of trading opportunities.
Regulation and Security
ModMount is regulated by the Financial Services Authority (FSA) in Seychelles, ensuring compliance with industry standards and providing traders with a secure trading environment.
Fees and Costs
Trading Costs
ModMount maintains a commission-free pricing structure, with average trading costs competitive within the industry. However, traders should consider non-trading fees such as inactivity charges and withdrawal fees.
Spread Comparison
Here's a comparison of average spreads for select trading instruments at ModMount:
| Instrument | Average Spread |
|---|---|
| EUR/USD | 4.1 pips |
| GBP/USD | 4.7 pips |
| WTI Crude Oil | $0.17 |
| Gold | $0.27 |
| Bitcoin | $393.50 |
Account Types
ModMount offers five account types with varying minimum spreads and swap discounts. Each account type caters to different trading preferences, with a minimum deposit requirement of $250.
Trading Platforms
Desktop Client
ModMount provides a proprietary desktop client with advanced charting tools, an economic calendar, and one-click trading functionality.
Web-Based Platform
The web-based platform offers accessibility and convenience, allowing traders to access their accounts from any internet-enabled device.
Research and Education
Trading Central
Traders can access research and analysis tools from Trading Central, enhancing their decision-making process and staying informed about market trends.
Educational Resources
ModMount offers educational resources such as webinars, tutorials, and articles to help traders improve their skills and knowledge.
Customer Support
ModMount's multilingual customer support team is available during trading hours to assist traders with any queries or issues they may encounter.
Bonuses and Promotions
ModMount does not offer bonuses or promotions, ensuring transparency and fair treatment of all traders.
Opening an Account
Opening an account with ModMount is a straightforward process, requiring basic personal information and compliance with AML/KYC regulations.
Frequently Asked Questions (FAQs)
Does ModMount offer cryptocurrency trading?
Yes, ModMount offers cryptocurrency CFD trading.
What is the minimum deposit at ModMount?
The minimum deposit requirement at ModMount is $250.
Is ModMount regulated?
Yes, ModMount is regulated by the Financial Services Authority (FSA) in