If you are looking for a Cypriot broker that offers stable trading conditions and an overall enjoyable market experience, you’ve come to the right spot. In this review, we will talk about everything that 101Investing has to offer to its clients.
101Investing was founded in 2016. 101Investing is a Cypriot Investment Firm providing cross borer services to other states. The broker does not accept clients from the United States, Belgium, France, and other countries.
Traders can trade commission-free on up to CFD instruments like Forex, Cryptocurrencies, Commodities, Stocks. 101Investing clients can also try out trading with Indices from four core types of trading accounts called Silver, Gold, Platinum, and Pro. The broker offers Islamic swap-free accounts and demo trading accounts.
Whenever we want to figure out whether the broker is a fraud or not, we dive into the official documentation presented on the website. If an official watchdog regulates the broker, usually the authority has the broker enlisted as one of their clients on the official website. Luckily, 101Investing is one of them.
FXBFI Broker Financial Invest Ltd – the brand name of 101Investing is regulated and authorized by one of the most notorious authorities on the trading market – CySEC. Here is proof. Having a CySEC regulation is one of the best licenses a broker can wish for.
As you can see, the broker is regulated and has a license from one top tier judiciary. 101Investing is also part of the Investor Compensation Fund ICF, which compensates traders for any claims arising from a member broker company’s failure to fulfill its obligations.
These precautionary steps to make the clients’ fund safety a priority further proves that 101Investing is not a scam. Also, I almost forgot to mention that the broker also uses strict firewalls and SSL software to ensure all client’s money transactions.
The information about all the regulations and official documentation is presented on the 101Investing.com website itself.
101Investing offers four types of trading accounts: Silver, Gold, Platinum, and Pro Exclusive. Each one of them offers unique trading abilities and instruments. In fact, accounts can be opened in various base currencies, including USD, EUR, AUD, GBP, etc. Opening an account with 101Investing is a simple process. Traders will have to choose the preferable market, choose the account type, and then choose the platform. You’ll also have to fill the standard form for registration and upload a couple of ID proving documents. That’s it.
The accounts are quite simple yet very functional. The Silver Account type has hedging, an amount of FX leverage 1:30 for Retail and Pro clients. The Gold account offers all of the above, plus the swap discount of 25%. The Platinum Account’s swap discount is 50%. Meanwhile, the Pro Exclusive account offers dedicated Account managers, VIP service, and professional traders’ accounts.
The broker also offers Islamic swap-free accounts for those traders whose moral imperative is Shariah law. 101Investing also allows the use of a demo trading account. The minimum deposit for each of the accounts listed above is up to 250 USD.
101Investing offers traders to explore and experience CFD trading with a variety of instruments. Traders have a chance to trade with up to 250 CFD instruments, which cover Cryptos, Stocks, Forex, Indices, and Commodities. Trading costs such as spreads and swap rates depend on the instruments being traded and traders’ account type.
The broker does not provide any additional trading features beyond what is available in the MetaTrader. 101Investing offers commission-free trading on its four core trading accounts across all asset classes.
The broker also provides Swap information in the Legal Documents section of their website. The swap fees are higher than the industry average. However, discounts are available. They depend on the trading account.
There are several methods to withdraw and deposit funds indicated on 101Investing.com. In fact, traders can withdraw their funds via bank wire transfer, credit and debit cards, Skrill, Neteller, KoalaPays, Inpay A/S, eMerchantPay Limited, and Trustly.
Also, the broker may charge a withdrawal fee for transactions under 100 EUR.
We should like to make sure that you, as a future 101Investing client, are aware of the broker’s inactivity fees. Moreover, after two months of no activity, a user might be charged somewhere around 160 Euros, and it continues to increase. It can go up to 500 Euros per month, depending on the time period of inactivity.
101Investing offers users the ability to trade on the MetaTrader for PC and Web. His platform is available to download from the 101inveting.com. MetaTrader is a well-known name in the trading community. The desktop version of MetaTrader 4 ensures performance reliability that is a basis for the brilliance of the trading experience. Traders will have access to a variety of features, such as:
WebTrader is a trading platform that allows traders to diversify their portfolio from their web browsers in just a few clicks. 101Investing offers the WebTrader Platform that supports 11 languages and is fully compatible with the trading ecosystem. The system offers:
101Investing provides traders with an ultimate mobile trading app experience with more than 30 analytical tools and 350 assets. It offers the ability to instantly connect to the trading market.
What does the mobile app offer, you may ask? Well, here is a shortlist:
No matter what type of broker you are trading with, every once in a while, something can go wrong. Or maybe you have an important question to ask. In this case, having a reliable and active customer service is excruciatingly important. 101Investing offers that type of help from Monday to Friday, 08:00 – 18:00 GMT.
If you face any technical issues, you can be sure you’ll get dedicated assistance on any important matter. The customer support works via Live Chat, e-mail, or telephone.
e-mail: support@101investing.com
tel.: +357 80092740
First and foremost, we would like to remind you that CFDs are quite complex trading instruments. They come with a high risk of losing your hard-earned money due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. It would be best to consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Overall, we think that 101Investing is a wonderful broker to start trading with. It does not really matter what type of broker you are. You can be either a beginner or an expert trader. The broker is not a scam and it is well regulated; thus your funds will be safe with 101Investing. This broker is a great choice if you have been searching for a trustworthy and professional trading company.
However, do your own research, do not hesitate to read more, and make your final decision based on your own convictions. Good luck in your trading!
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Swift withdrawals. I never experience any hassle requesting withdrawals. They are easy to be with.
This broker service get my trading success to the next level. I am really surprised with my profit every time.
Cheers to a great start with this broker. I have just started using the services for a few weeks and so far I am amazed with its performance. Hoping for consistency.
Rare to find a good broker. This one is for keeps.
I joined this broker company last month and as early as 2 weeks I see potential. I must admit they are one of the best among any other brokers in the industry.
Happy to recommend. I am getting good retrns on a monthly basis. Never had any withdrawal issues.
Great overall trading experience. I have gained huge profit. They are very responsible in doing market research and coming up with profitable signals.
Great trading services and platform for online trading. no regrets about dealing with them, they're good.
Sound trading advise. I can fully rely on all signals, brokers are knowledgeable.
The trading platform was good and the services are all excellent. Will continue trading with them.