As the forex industry continues to expand, more and more fake brokers are emerging, trying to deceive traders. Identifying a trustworthy broker in 2025 requires an understanding of key features that separate safe companies from fraudulent ones. ModMount stands out as a reliable choice for traders, with its robust regulatory framework and strong security measures.
ModMount vs. Fake Brokers: Key Differences
Fake brokers often operate without proper regulation, leaving traders at risk of losing their funds. Unlike these unregulated entities, ModMount is regulated by the Financial Services Authority (FSA) in Seychelles, providing a transparent and secure trading environment. ModMount’s legal status ensures it adheres to strict financial standards, offering safety and peace of mind.
Image source: Modmount’s regulation
Warning Signs of Fake Brokers:
Fake brokers tend to lure traders with promises of unusually high leverage, low commissions, and “too good to be true” investment offers. ModMount’s leverage is set at a responsible 1:400, ensuring that traders can take advantage of market movements without exposing themselves to excessive risk. Additionally, ModMount has no hidden fees or commissions, in contrast to many scam brokers who charge undisclosed fees.
Customer Support: A Clear Indicator of Trust
Reliable brokers, like ModMount, offer exceptional customer support through multiple channels, including live chat, email, and phone. Traders often find that fake brokers lack responsive customer service or have poor support teams. ModMount’s multilingual support team is known for their professionalism and helpfulness, ensuring traders’ needs are met promptly and effectively.
ModMount’s Transparent Approach:
ModMount prioritizes transparency by offering clear terms of service and easy-to-understand account structures. Traders can also access detailed legal notices and documentation about its operations. Fake brokers, on the other hand, often hide important details in fine print or avoid clear communication altogether.
Why ModMount is a Safe Choice:
With its commitment to security, ModMount uses encryption technology to protect personal data, ensuring that traders’ sensitive information remains secure. This focus on safety, combined with its educational tools, demo accounts, and transparent fee structure, makes ModMount a top choice for traders seeking a secure and legitimate broker in 2025.