In our review of 101Investing forex broker, our experts will help you discover the various trading features and conditions available on this platform. You’ll also find out how the broker makes effort to provide a transparent and flexible trading environment.
Based in Cyprus, 101investing is operated by FXBFI Broker Financial Invest Ltd, which is authorized and regulated by CySEC. 101Investing offers you the chance to trade CFDs on various assets such as commodities, cryptocurrencies, metals, stock, forex, and indices. You can also take advantage of industry-standard leverage rates, low fees, and different account types. If that wasn’t enough, the broker also provides you with research tools and educational materials to help enhance your knowledge.
To find out more about what 101Investing offer, and how to register for an account, continue reading our in-depth broker review.
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101Investing General Information and Licensing
101Investing is an STP trading brokerage that allows you to trade many assets with CFDs. During our 101Investing review, we discovered that the company was established in 2016, and is licensed under CySEC number 315/16. This means it’s a great choice for traders based in the EU or the UK
For your safety, 101Investing also offers you fund security measures, such as negative balance protection and account segregation. The broker is also a member of the Investor Compensation Fund (“ICF). This fund compensates covered clients, up to €20,000, should the broker fail to fulfill its obligations.
101Investing Trading Instruments
When signing up for 101Investing, you can choose from a substantial collection of trading instruments. In total, there are over 250 assets to explore including:
- 45+ currency pairs
- 30+cryptocurrencies
- 100+ stocks
- 10+ commodities
- 4 precious metals
- 22 indices
Our reviewers were happy to see rarer asset classes included such as indices. Indices offer you a great chance to diversify your portfolio and 101Investing’s selection is impressive. Alongside huge global indices (like the NASDAQ 100), you can also trade European indices such as the CAC 40, Euro Stox 50, and the FTSE 100.
101Investing Trading Platforms
101Investing does not offer a proprietary platform, choosing to support MetaTrader 4 instead. Luckily, this is an industry-leading platform that can be used on all devices. To create an accurate review of 101Investing, we tested each version of MT4 extensively. Here’s what we found:
- MetaTrader 4 (Download for PC or Mac) – This platform is intuitive and offers features that many traders will be familiar with. In addition to tons of built-in research tools, MT4 also allows you to take advantage of the biggest trading community in the trading industry. Here, you can find extra indicators and robots for automated trading.
- WebTrader – This is a browser-based version of MetaTrader 4 that can be used with Chrome, Firefox, Safari, Edge, and Opera. It offers the same functionality as the downloadable version, including four pending order types, nine timeframes, and over 25 analytical objects.
- Mobile trader – If you prefer to trade on the go, you’ll be happy to learn that you can log in to your 101Investing account via the MetaTrader 4 mobile applications. These are available for both iOS and Android devices and you can expect the same high-quality platform tools.
Account Types
During the registration process, you’ll find that 101Investing offers three different live account types:
- Silver Account – Minimum deposit of $250 or equivalent, spreads from 0.07, zero commissions, and fifth decimal pricing.
- Gold Account – Minimum deposit of $250 or equivalent, spreads from 0.05, zero commissions, fifth decimal pricing, and 25% swap fee discounts.
- Platinum Account – Minimum deposit of $250 or equivalent, spreads from 03, zero commissions, fifth decimal pricing, and 50% swap fee discounts.
101Investing also offers Islamic accounts to Muslim traders. These come with similar conditions to the main retail accounts, however, you won’t be charged interest for holding your positions overnight. As there are no hidden costs or extra commissions either, these accounts are Sharia-compliant.
If you’re a high-volume trader with a certain amount of capital and over a year of experience, you may be suited to a Professional account. This account type offers leverage of up to 1:500.
Payment Methods at 101Investing
Once you’ve created an account, the next step is to deposit funds. Our 101Investing reviewers found this was both straightforward and quick, as the broker offers multiple payment methods and does not charge depositing fees. To fund your 101Investing account, you can use credit and debit cards, SafeCharge, Skrill, eMerchantPay, and Worldpay. You can also deposit via bank transfer, although this has a significantly longer processing time.
101Investing Customer Support
Customer support is yet another area where 101Investing offers you a range of choices to suit your needs. Available on weekdays from 09:00 – 23:00 GMT+3, and weekends from 11:00 – 20:00 GMT+3, you can contact the broker by:
- Phone call: +357 80092740
- Email support: [email protected]
- Live Chat
Regardless of which method you use, our review team found that the 101Investing support team will get back to you promptly. You can also use these methods, including live chat, from your smartphone so that you’re never stuck with a query or a problem.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Frequently Asked Questions (FAQs)
Is 101Investing a good broker?
Yes, our review of 101Investing found that the broker offers many features synonymous with a good trading experience. This includes sturdy adherence to CySEC regulation, a world-leading trading platform, a diverse instrument collection, and competitive fees. In addition, 101Investing is well regarded within the industry, having gained several awards since launching in 2016.
What is the minimum deposit at 101Investing?
To open a live account at 101Investing, you’ll need to deposit at least $250USD (or currency equivalent) regardless of what account type or depositing method you choose. Compared to similar brokers, this may seem quite high, yet our reviewers found it to be realistic and responsible. With $250 in your account, you’ll be able to create a solid trading plan that suits your budget.
Is 101Investing licensed?
Yes, 101Investing is operated by FXBFI Broker Financial Invest Ltd, which has a license from the Cyprus Securities and Exchange Commission (CySEC). Under this license, 101Investing is subject to strict regulations and guidelines. The broker is also a member of the Investor Compensation Fund and all live accounts come with negative balance protection too.
What fees does 101Investing charge?
101Investing charges spread and swap fees when you make a trade. Spread fees vary depending on your account type, the asset your trading, market volatility, and liquidity. Swap fees are competitively priced and you’ll receive a 25% or 50% discount on them if you open a Gold or Platinum account.
How do I withdraw from 101Investing?
To withdraw from 101Investing, you’ll need to make a request from within the Client Portal or via email. Withdrawals are paid via the same method you used to fund your account. This could be a credit/debit card, SafeCharge, Skrill, eMerchantPay, Worldpay, or bank transfer. There is no minimum or maximum withdrawal limit, yet the broker does reserve the right to charge a withdrawal fee of €50 if you have insignificant or no trading activity on your account. Withdrawal requests made before 9:00 AM will be processed the same day, although it can take up to 7 working days for your money to reach your bank or e-wallet account.