CySECCyprusTier 2Licence number
440/23
View licence record- Licence holder
- Held by Modmount
- Licence type and regime
- Straight Through Processing(STP)
Not checkedUpdated
At a glance
Regulation on record for Modmount
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 2
- Issuing authorities
- 2
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Modmount has 2 licences on record with Wikilix, issued by 2 authorities across 2 jurisdictions. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Modmount, strongest authority first.
2 records
- CySECCyprusTier 2
FSASeychellesTier 3Licence number
SD119
View licence record- Licence holder
- Held by Modmount
- Licence type and regime
- Retail Forex License
- Offshore
Not checkedUpdated
Protection
What this licence protects
CySEC's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by Modmount
Answered from the register entries on this page.
Most Popular Questions
Modmount's regulated financial instruments include stocks and funds under the Seychelles FSA license, and a broader range including forex, stocks, options, derivatives, commodities, securities, futures, and CFDs under the CySEC license.
Modmount's regulators prohibit clients from North Korea and other UN-sanctioned countries. The Cyprus license also restricts clients from the USA, Iran, and other sanctioned countries.
Modmount offers a maximum leverage of 400 according to the trading conditions provided.
Yes, Modmount requires account verification and matching names on deposits and withdrawals to comply with anti-money laundering (AML) regulations. Full verification is mandatory for withdrawals.
Modmount supports deposits and withdrawals via credit/debit cards, bank/wire transfers, e-wallets, cryptocurrencies, and local payment methods like Gpay and ApplePay. Deposits are usually instant or take a few days depending on the method, with a minimum deposit of $250. Withdrawals typically take 8-10 business days and may incur fees depending on the method.
Modmount is regulated by the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC). The FSA is an offshore regulator, while CySEC is an onshore regulator with higher transparency and client fund insurance up to €20,000. Modmount holds retail forex and STP licenses, indicating compliance with regulatory standards.
Modmount has 2 licence records with Wikilix, issued by 2 authorities across 2 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Modmount holds licence records issued by CySEC, FSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Modmount comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 2 licence records held by Modmount has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Modmount has licence records in Cyprus, Seychelles. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.