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A broker is an intermediary between individuals buying and selling financial assets in the markets. The main idea is to initiate the execution of transactions involving various financial instruments, including stocks, bonds, and options.
Traders depend on brokerage firms to carry out their trades and ensure a seamless and efficient process. As a result, these firms levy fees, typically charged upon transaction completion, which reflects the services provided by the brokerage firm.
These firms are crucial in maintaining market liquidity and enabling participants to access and trade financial instruments by connecting buyers and sellers.
The Mod Mount review will provide you with the essence of the broker’s services. Additionally, you can assess the platform’s security for your trading activities, with USD JPY considerations being integral for global traders.
We will investigate the broker’s services and evaluate whether it is a legitimate and secure trading platform, examining all aspects including USD JPY conversions for transparent and efficient trading experiences.
ModMount is a financial brokerage firm that operates under the ownership of ModMount Services Limited, based in Seychelles. Founded in 2022, this broker provides diverse trading services for its clientele.
When considering international trading, especially involving major currency pairs like USD JPY, ModMount offers competitive rates and efficient trading platforms to facilitate smooth transactions.
To thoroughly examine the broker and its available services, let’s take a closer look at ModMount:
| Details | ModMount |
| Founded In | 2022 |
| Headquarter | Seychelles |
| Minimum Deposit | $250 |
| Maximum Leverage | 1:400 |
| Trading Instruments | Forex, Stocks, Indices, Soft and Energy commodities, Precious metals and Cryptocurrencies |
| Trading Platform | MetaTrader4 and WebTrader |
ModMount is a reputable trading platform that operates within the bounds of legality. After its establishment in 2022, it is sincerely regulated by the Financial Services Authority (FSA), which ensures secure trading practices and operational standards.
The company holds the licccence number SD119 and operates under ModMount Services Limited, with a registration number of 8426105-1. Moreover, ModMount prioritises the security of its clients by implementing measures such as encryption, promoting responsible practices, and maintaining transparency online, all of which contribute to its credibility as a trustworthy broker.
Furthermore, the broker takes great care in segregating client funds, providing an added layer of security. By diligently complying with the regulations set forth by the regulatory authority, ModMount establishes itself as a reliable broker that is easily accessible to traders seeking a secure trading environment.
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ModMount offers a range of four trading accounts designed to cater to the diverse needs of traders at different levels of experience and with varying preferences, including GBP/USD. Traders have the flexibility to select the account that aligns with their specific requirements and budgetary considerations.
| Facilities/Account Type | Classic | Silver | Gold | Platinum |
| Leverage | 1:400 | 1:400 | 1:400 | 1:400 |
| Swap Discount | No | Available | Available | Available |
| Spreads | 2.5 | 2.5 | 1.8 | 0.9 |
| CFDs | 350+ | 350+ | 350+ | 350+ |
| Margin Call | 100% | 100% | 100% | 100% |
| Stop-Out | 20% | 20% | 20% | 20% |
To get started with ModMount Limited, follow these steps:
In addition to the mentioned payment methods, ModMount offers the following options for users to conveniently manage their trading transactions:
Bank Transfers: Users can initiate direct bank transfers to deposit or withdraw funds from their ModMount trading accounts, including transactions involving major currency pairs like USD JPY. This method allows for secure and reliable transactions.
Mobile Payment Solutions: ModMount may support mobile payment platforms, allowing traders to make deposits or withdrawals easily using their smartphones or mobile devices.
Prepaid Cards: The broker may accept prepaid cards or vouchers that can be purchased and used to fund trading accounts. This option provides an extra layer of privacy and convenience.
ModMount has established specific guidelines and charges associated with withdrawals. The minimum withdrawal amount for wire transfers is 100 EUR/USD and 10 EUR/USD for credit cards, including GBP/USD.
Withdrawal fees are 3.5 per cent for debit/credit card and e-wallet withdrawals. A fee of 30 EUR/USD is levied for wire transfers.
In addition to the withdrawal fees, ModMount charges a maintenance fee of 10 EUR/USD. Accounts that remain inactive for up to two months will be subject to an 80 EUR/USD fee.
If an account is dormant for up to six months, the fee increases to 120 EUR/USD. Should an account remain inactive for more than six months, the fee increases to 200 EUR/USD, including GBP USD.
Indices offer a consolidated perspective on multiple stocks, enabling investors to track the overall performance of specific sectors, regions, or markets. They serve as benchmarks for evaluating trends in particular investment areas.
With ModMount, traders can access a wide range of Contracts for Difference (CFDs) on global indices. These CFDs come with the advantage of 0% commission and leverage of up to 1:50 for index trading.
The Forex market’s volatility presents both challenges and opportunities for traders worldwide. The constant fluctuations in currency prices attract numerous traders seeking to capitalise on these movements, especially when considering significant pairs like USD JPY. for trade more currency pair checkout TradeEU
By employing effective strategies at the right moments, traders can identify and seize Forex opportunities through online trading. ModMount offers CFDs on over 45 FX pairs, including major, minor, and exotic currency pairs. Traders can benefit from real-time market notifications and updates, with 0% commission charged on Forex trading.
ModMount provides the opportunity to trade crypto CFDs, allowing traders to speculate on the price fluctuations of cryptocurrencies without owning the underlying assets. This enables potential benefits from the volatility of the crypto market.
Traders can access CFDs on the most popular cryptocurrencies through ModMount. The broker offers 24/5 customer service, no commission or fees, tight spreads, and real-time price quotes for crypto trading.
ModMount offers a diverse selection of over 150 stocks for trading. Well-known companies like Google and Tesla, with their strong financial performance, innovative services, and influential market positions, often attract high liquidity and market interest. Traders and investors closely monitor their stock prices, seeking opportunities to profit from their movements.
Traders can engage in CFD trading on more than 150 popular stocks with ModMount, enjoying the benefit of zero commissions. The broker also provides a comprehensive educational hub, accessible for free, to support traders’ learning and knowledge development.
The commodities market holds great significance in the global economy and comprises various raw materials and resources, with influences extending to currency pairs like USD JPY. The value of commodities is subject to rapid fluctuations influenced by multiple factors.
ModMount offers CFDs on more than 20 popular commodities, allowing traders to speculate on their price movements. There are no commissions charged on commodities trading, and traders receive instant market notifications and price updates to make informed decisions.
| Method | Applicable fees |
| Credit Card
Debit Card Prepaid Card |
3.5% |
| Wire Transfer | 30 USD/EUR |
| Inactivity Period | Monthly Account Inactivity fees |
| 0 to 30 days | 0 |
| After 30 days | 100 USD |
| After 60 days | 250 USD |
| After 6 months | 500 USD |
By harnessing the capabilities of MT4, traders can take advantage of a comprehensive range of tools that elevate their market analysis capabilities. Within the MT4 platform, traders are provided with an extensive array of technical indicators and charts, empowering them to conduct thorough assessments of market trends and patterns.
This rich set of tools enables traders to make informed decisions based on their analysis, enhancing their trading strategies and potential for success.
Web-based trading platforms are designed with a primary focus on user-friendliness, aiming to provide a smooth and secured trading experience. This platform places great importance on simplicity and accessibility, catering to traders across all skill levels.
Whether you are a novice in trading or an experienced professional, the intuitive user interface of the web-based platform ensures effortless navigation and seamless utilisation. This emphasis on user-friendliness guarantees convenience and accessibility for all traders, allowing them to engage in trading activities with ease and confidence.
E-mail: [email protected]
Live Chat
Phone Number: +2484632002
The website lacks sufficient educational and research resources to facilitate learning. A reliable broker’s website should offer a wealth of resources such as chart analysis, daily news updates, video lectures, comprehensive explanations of forex-related topics, and trading e-books.
Considering this, it is advisable for traders to opt for brokers like XPro Markets and Elland Road Capital, as they provide extensive educational and research materials.
When choosing a forex broker, it is essential to prioritise legitimacy and trustworthiness. ModMount recognises the importance of these factors and ensures that your investments are safeguarded. The company is authorised and regulated by Seychelles’s Financial Services Authority (FSA).
It also takes extensive measures to combat money laundering for a secure trading environment. In addition to regulatory compliance, ModMount goes the extra mile to protect customer funds. By segregating client funds into separate accounts, the broker minimises the risk of financial mishaps affecting your investments.
This commitment to fund segregation demonstrates ModMount’s dedication to maintaining the safety and integrity of client funds. With a strong regulatory standing and practices like providence complex fund segregation, choosing ModMount as your broker allows you to trade with confidence, knowing that your investments are in the hands of a reputable and trustworthy platform.
At FxReviews, our primary objective is to furnish you with impartial and objective assessments, commentary, and in-depth analysis. Our unwavering commitment to precision is maintained through meticulous data validation coupled with insights from industry authorities. It is essential to acknowledge that, albeit infrequent, minor fluctuations may occur. Please be assured that our dedication to delivering unbiased appraisals, exhaustive scrutiny, and well-informed viewpoints remains unwavering.
We feel compelled to counsel you on the matter of investing in financial instruments, commodities, and other assets, which carry a significant degree of risk. There exists the potential for a complete depletion of your deposited funds. We recommend engaging in such undertakings exclusively if you possess an exhaustive comprehension of the associated hazards. It should be noted that FxReviews refrains from dispensing investment advice or any semblance of financial guidance.
Your financial security is of paramount significance to us, and we strongly advocate the exercise of due diligence and the pursuit of professional guidance when arriving at investment determinations.
$250 is the minimum deposit required by ModMount Ltd.
Yes, ModMount Ltd is regulated by the Financial Services Authority, ensuring compliance with regulatory standards.
Yes, ModMount Ltd offers a Demo Account for users to experience and practice trading after signing up.
ModMount Ltd accepts various deposit methods, including Credit/Debit cards, Wire Transfers, and Alternative Payment Methods (APMs).
To trade with ModMount Ltd, individuals must be at least 18 years old, adhering to the minimum age requirement set by the company.
The maximum leverage provided by ModMount Ltd is 1:400.
4 types of accounts are offered by ModMount, ie, Classic, Silver, Gold, Platinum, sorted according to the trader’s wants and needs.
FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market.
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