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No Regulation
Score
1.55 /10
Danger
Modity
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.28
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2025-07-08
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Modity Review Summary | |
| Founded | 2010 |
| Registered Country/Region | United States |
| Regulation | No Regulation |
| Market Instrument | Energy |
| Demo Account | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Phone: +46 46 32 59 00 |
| Email: info@modity.se | |
Modity Information
Modity is a modern energy trading company based in the United States. Its energy category covers electricity, gas, flex, and renewable energy. In addition to energies, Modity also works with in-house analysis for traders to better understand the market. However, this platform is currently under no regulation.
Pros and Cons
| Pros | Cons |
| None | No regulation |
| Limited market offerings | |
| Unclear fee structure | |
| Unknown trading platform | |
| No info on deposit and withdrawal |
Is Modity Legit?
Modity is operating without regulatory supervision. Traders should be aware of the risks when participating in trading on such platforms.
What Can I Trade on Modity?
Modity offers energy as its primary asset, covering electricity, gas, flex, and renewable energy.
| Trading Asset | Available |
| energy | ✔ |
| forex | ❌ |
| commodities | ❌ |
| indices | ❌ |
| stocks | ❌ |
| cryptocurrencies | ❌ |
| bonds | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
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