Contact
- Site: https://www.modmountltd.com;
- Feedback form;
- Live Chat;
- Phone: +2484632002;
- Email: [email protected];
- Office location: Seychelles, Cyprus.
General information
Modmount is a brokerage company that offers trading of 160+ CFDs on currency pairs, cryptocurrencies, indices, commodities, stocks. The minimum deposit is $250. There are opportunities for margin trading with leverage up to 1:400. To generate additional income, the broker offers to join the affiliate network and earn money by attracting newcomers.
A check using a specialized whois service showed that modmountltd.com has been active since February 2022. Reviews about Modmount indicate that the broker does not comply with agreements and is involved in trading and financial fraud. Traders do not recommend registering on this platform.
The brand is managed by Modmount Services Limited. This company is officially registered and regulated in Seychelles. We checked the information in the register of the Financial Services Authority (FSA) of the Seychelles, such a company indeed received an offshore license.
Let’s sum it up
We do not recommend working with Modmount because this broker has received negative reviews. The company does not comply with its obligations. There are big risks of losing money. If you have worked with Modmount, please post reviews and tell us about your experience. This will help other investors avoid losing money.
I started trading on the Modmount platform with a minimum deposit, but then these scammers forced me to invest again. In total I lost about $2,000. I tried to return the capital lost as a result of losing trades, but it didn’t work. The scammers have a terminal under their control.
My parents were left destitute because of Modmount. The company deliberately faked a technical glitch on the platform and stole all the money from the balance. Now we are looking for professional lawyers who could help with the return of funds.