101investing Review and Tutorial 2020
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|101investing Facts & Figures|
101investing.com is a CFD broker providing access to a range of financial markets.
• Best FX Broker Europe 2020 - Broker Check
• Best New Broker in Europe 2020 - Forex Awards
• Best Cryptocurrency Broker 2020 - World Finance
|Instruments||Forex, CFDs, indices, shares, commodities, cryptocurrencies|
|Min. Trade||0.01 lots|
|Trade hundreds of CFDs with high leverage.|
Trade leading forex pairs with tight spreads.
Trade on 20+ cryptocurrencies with 1:2 leverage.
|Coins||ADA, BAB, BSV, BTC, BTG, DSH, ETC, ETH, IOT, LSK, LTC, NEO, QTM, SIC, USDT, XEM, XLM, XMR, XRP, XVG, ZEC|
101investing.com is a CySEC-regulated broker offering over 250 CFDs on the MT4 trading platform. This review unpacks the login process, account options, fees, and more. Find out whether to sign up with 101investing and start trading.
101investing Company Details
Founded in 2016, 101investing offers commission-free trading on hundreds of instruments and has picked up various awards for its tools and services. And with a range of educational resources available, the broker caters to both retail and professional traders.
101investing is owned and operated by FXBFI Broker Financial Invest Ltd and is based in Limassol, Cyprus. The company is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
The MetaTrader 4 (MT4)?platform is the most popular and trusted choice among traders. The platform provides fast, seamless, and reliable trading, with a range of advanced features to suit any strategy. Users benefit from:
- 9 time frames, from one minute (M1) to one month (MN)
- 24 analytical objects for price forecasting
- 4 market order execution modes
- 30 built-in indicators
- Full trade history
- One-click trading
The MT4 platform can be downloaded from the 101investing website and is compatible with Windows and Mac devices. Users will need to register for an account to log in and access the platform.
The MT4 WebTrader gives clients instant access to over 350 assets without the need for any program download. From just an internet browser, traders enjoy 30 indicators, 24 analytical objects, four market order execution modes, and more. WebTrader can be accessed in live or demo mode once you have registered on the website.
101investing offers a generous range of CFDs products:
- Forex – Over 45 currency pairs available, including EUR/USD, AUD/USD, and EUR/JPY
- Cryptocurrencies – Trade over 50 of the most popular cryptocurrencies, including Bitcoin and Ethereum
- Commodities – Over 15 hard and soft commodities are available, including gold, gas, and oil
- Stocks – Trade 75+ of the biggest global stocks, such as Amex, Facebook, and Sony
- Indices – Trade some of the world’s biggest indices, including the FTSE 100 and DAX 30
Spreads & Fees
Spreads on forex pairs start from 0.7 pips for the EUR/USD, 0.9 pips for the EUR/GBP, and 1.3 for the GBP/USD. These are fairly competitive but not as low as other brokers, such as FXTM or Pepperstone. For indices, spreads start from 1 point for the FTSE 100, and for commodities, such as crude oil, spreads are around 0.03. Spreads on silver and gold are 0.037 and 0.37 respectively.
Other fees include swap charges on overnight positions, as well as an inactivity fee levied on dormant accounts.
Leverage limits vary depending on the market. For retail customers:
- Commodities – 1:20
- Indices – 1:20
- Cryptos – 1:2
- Forex – 1:30
- Stocks – 1:5
For professional clients, the maximum leverage offered is 1:500.
With the MT4 mobile app, users can trade on 350 assets with over 30 analytical tools. Clients benefit from instant access to the full package of order types and execution modes, charting tools, trading history, 9 time frames, and in-app chat support. The MT4 mobile app is compatible with iOS and Android systems.
Payment options include:
- Credit/debit card
- Bank wire transfer
- E-wallets (Trustly, Safecharge, V Pay, Neteller, Skrill)
It’s free to deposit funds into your 101investing account and most payments are processed instantly. The minimum deposit accepted is $250. Head to the client portal to make a deposit.
Traders can withdraw profits using any of the methods listed above. Payments under €100 may incur a withdrawal fee. Users should also be aware of a €50 withdrawal fee if accounts have been inactive for an extended period. Contact the customer support team for further details.
101invesing offers a demo account so prospective users can test the MT4 platform and the broker’s services. Loaded with virtual cash, users can trade in live markets, responding to price fluctuations in real-time. It’s also a good opportunity to test the broker’s customer support and trade management tools.
Deals & Bonuses
As per regulatory restrictions, 101investing does not offer any deposit bonus deals or promotions. The broker does, however, offer a 25% and 50% swap discount for Gold and Platinum accounts.
FXBFI Broker Financial Invest Limited (101investing) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 315/16. Such regulation requires the broker to segregate client funds in first-class global banking institutions.
The broker is also a member of the Investor Compensation Fund (ICF) which ensures client funds are compensated in the event of liquidation.
101investing offers a number of useful resources and tools for beginners and veterans:
- E-books on investing basics, advanced analysis, market overviews, etc
- Courses on strategies, CFDs and stocks, social trading, etc
- Economic calendar & earnings reports calendar
- Regular articles, webinars & video tutorials
- Trading signals
There are four account types to choose from: Silver, Gold, Platinum, and Pro. The minimum deposit is $250 and leverage limits go up to 1:500 with the Gold and Platinum accounts (for professional clients only) and up to 1:30 for both retail and professional clients with the Silver account.
All options allow hedging and Islamic swap-free conditions. The Gold and Platinum accounts offer swap discounts of 25% and 50% and come with a range of extra features, including access to webinars/videos, a dedicated account manager, and news alerts.
Professional traders will need to contact customer services for information on the Pro account.
You can open an account fairly quickly by filling out the online sign-up form. The form will ask for personal details, investment experience, and security documents, before requesting your initial deposit.
Advantages of 101investing include:
- Mobile, web and PC trading platforms
- Wide range of resources
- Over 250 instruments available
- Commission-free trading
- CySEC regulated
Disadvantages of creating a 101investing account include:
- CFDs only
- US clients not accepted
Forex and cryptocurrency trading is available 24 hours a day. Opening hours for stocks are 16:30 – 23:00 GMT. For gold and silver, trading hours are 01:00 – 24:00 GMT but for other commodities, operating hours vary, so users will need to check the 101investing website. Similarly, trading hours for indices vary with specific times listed on the broker’s website.
101investing’s customer support is available Monday to Friday at 07:00 – 17:00 GMT. There are several contact options available:
- Telephone – +357 80092740
- Email – firstname.lastname@example.org
- Online contact form – Contact Us page
- Live chat – Located on the right-hand side of the website
Customer reviews do point out that live chat wait times are longer than at other providers.
The broker’s registered address is at 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076, Limassol, Cyprus.
101investing ensures industry-standard data safety and security, including strict firewalls and Secure Sockets Layer (SSL) encryption on the MetaTrader platform. Servers are located in SAS 70 certified data centres and all monetary transactions are under Level 1 PCI compliance.
The CySEC-regulated broker is a good choice for both beginners and experts, with a vast range of educational tools and resources on offer. The broker offers fairly low spreads and no-commission trading, as well as a demo account upon login. The one area that could do with improvement is the customer support on live chat, which only seem to offer help after you have registered for an account.
101investing only accepts traders from Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, Iceland, Liechtenstein, Norway, Switzerland, United Kingdom.
Is 101investing.com fake?
FXBFI Broker Financial Invest Limited (101investing) is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 315/16. The broker is a legitimate entity.
What account types are available at 101investing?
There are four account types available for retail and professional clients: Silver, Gold, Platinum, and Pro. The maximum leverage for retail clients is 1:30. The maximum leverage for professional clients is 1:500. Higher account tiers benefit from swap discounts, account managers, and additional trading tools.
How do I open a 101investing demo account?
You can register for a demo account on the broker’s website. Login details will then be shared by your account manager.
How much capital do I need to trade on 101investing?
The minimum initial deposit required for all accounts is $250.
What platforms are available at 101investing?
101investing offers the MetaTrader 4 platform in mobile, web, and desktop versions.
|101investing.com is a CFD broker providing access to a range of financial markets.|