101Investing ReviewMinimum Spread : Varies
Foundation Year : 2016
Min Deposit $ 100
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101Investing Review 2020: “101Investing” is a Cyprus based new online trading broker that started its operations in 2016. The broker is a subsidiary of a popular online platform FXBFI. The parent company “FXBFI Broker Financial Invest Ltd.” already register and serves excellent products to its clients. Now, they aim to increase their customer base with this new firm. The 101Investing broker offers its users with prominent features like free demo accounts, high leverage, a wide range of tradable assets with different platforms for them, and responsive customer service; all at competitive prices.
The post shall do a 101Investing reviews with all the required details you need to know. It will list all the features of them, and then the decision shall be up to the trader.
Are 101Investing Scam or Legit Broker?
101Investing broker is a new organization, and they regulate under one authority, i.e. CySEC of Cyprus. There is no risk with them. Also, as the post mentioned, it is a subsidiary of FXBFI. Thus, the probability of any risk further gets mitigated here. Moreover, there is no complaint against them.
Read the complete 101Investing review 2020 here.
101Investing Broker Essential Features
101Investing is regulated under the financial authority of Cyprus. The license number of the online trading platform with CySEC (Cyprus Securities and Exchange Commission) is 315/16 and operates with FXBFI Broker Financial Invest Ltd. It is the parent organization of the broker.
Thus, the broker is regulated and has a license from one top tier judiciary. Further, their objective looks bigger, and they seem to be making rapid progress. However, the organization is still on its way to prove the worth in the market and would need some time.
They are also registered with Europe’s MiFID (markets in financial instruments directive), which means the trader’s funds are secured. And the organization would not use the money in case of insolvency.
2. Trading Platforms
The 101Investing broker trading platforms are good for use by their client traders. There is one platform available with the broker for trading, i.e. MT 4. It can be accessed via desktop, web, or mobile, and can be used for things like buying, selling, and analyzing the market.
The 101Investing MetaTrader 4 platform is popular among traders, and most brokers use it nowadays. The tools available to users are – automated trading, hedging, scalping, one-click trading, real-time quotes, patterns, and many more.
The platform has an excellent user interface, and one can watch the history of trades too.
3. Customer Service
The consumer support team of the broker seems impressive. Firstly, the portal’s design is smooth and looks good. The team is available every day from 07:00 AM to 05:00 PM, five days a week. A trader can contact them via phone, email, or live chat, and can also fill the query form if required.
There are separate sections for contacting management and the customer team, as per the user’s need. The team’s usual response time on a call is less than two minutes, and every member is working hard to serve clients, and resolve their issues.
Also, there is a dedicated FAQ (frequently asked questions) section for the common queries of the users. It includes a number of resolutions in the form of Q&A with easily used language.
There are in total 250+ financial instruments to trade for clients. Complex financial derivatives are supported on every asset. 101Investing provides facilities to trade CFDs on stocks, foreign currency exchange, commodity, metals, indices, and cryptos. Further, one can use different platforms on these assets, as mentioned, to predict prices.
There is no charge to buy or sell any asset, and they have 30+ tools for traders. Overall, the distinction is – 30+ cryptos, 75+ stocks, and other 50+ contracts for differences.
The traders need to be aware of 101Investing broker’s inactivity fees. 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.
Apart from this, there is no charge or fee for executing a trade. Also, they claim to offer tight spread charges as low as 0.03. But it is only for Platinum account holders, who pay commissions on every trade. The regular account spreads are above the industry average. Also, there are swap fees for metal trading.
6. Withdrawal and Deposit
There are several methods to withdraw and deposit funds on the 101Investing platform. Some ways are bank wire transfers, debit and credit cards, Skrill, Visa & Master cards, VPay, and many more. There is nothing mentioned about the deposit and withdrawal fees, but for most brokers, it is free, except bank charges. Make sure to check it or ask them before trading.
The typical withdrawal request process in 3-5 working days and shall be transferred from the same mode as deposited.
Note that the minimum deposit amount is $100 to make a buy which is competitive considering the market.
7. Leverage: 101investing
High leverage in trading is risky, and many users lose all their money because of it. And, that’s why the European financial regulators have set a strict guideline to provide a maximum leverage of 1:30 only. It applies to all the brokers licensed under them.
101Investing understands and obeys the body and to protect the user’s interest; they follow the guideline above.
However, the leverage increases significantly for hedging and goes up to 1:400.
8. Research & Analysis Tools
There are several research and analysis tools for users of 101Investing. The broker has several indicators, signals, chart patterns, and analyzers, taking the total tool count to 90.
Both the professional and beginner traders shall find some tools for them for trading. The broker uses both in-house and third-party software to help traders. One would get the expert’s advice too.
9. Types of Accounts
101Investing takes into account every kind of trader’s need. It has four types of different accounts. The names are – silver, gold, platinum, and pro account. Every account offers a different level of service to clients. For instance, silver and gold would be useful for novice traders, while professionals should take platinum and pro-type.
There are many differences in all account types. Some are leverage, expert advice, discounts, and fees. While a silver holder can take a maximum margin of 1:200, other account holders can take margin up to 1:400.
There is a swap discount of 25% and 50% for gold and platinum holders, respectively. The pro account fully personalizes with all the prominent features.
101Investing broker has an extensive range of educational material for enhancing the knowledge and skill base of their users. It includes videos on-demand (VODs), E-books, tutorials, courses, economic calendars, and many more. It is useful for professionals as well as beginner traders.
The material shall help a trader accurately anticipate asset prices, as well as do excellent market analysis, both fundamental and technical.
11. Safety & Security
Technology is the backbone of 101Investing forex broker. The trader’s account balance is safe with high-tech IT security protection of SSL (Secure sockets layer) and encryption at every level.
Further, a user’s information is also safe at separate data centres, and no one can dare to hack them. Thus, the 101Investing broker technology security is competent with other top brokers.
12. Bonus & Promotions
There is no 101Investing broker offering or bonus available for traders to use. The broker believes in not attracting the customers through these ways but by providing excellent and genuine services.
13. Other features
There are some other attributes of this new broker that are worth noting. First, the demo account is free to use for clients, and one can practice there to get practical experience. The traders would also be able to use all the tools and get a real trading view via it.
Second, the user interface of the broker is easy and smooth to use. No one, including beginners, would face any difficulty in navigating to any portal. Everything is transparent, clear, and brief.
Third, one can easily switch between web trading and mobile application as the broker facilitates cross-platform trading.
The article has described all the necessary attributes in detail. Read every point and carefully examine them. Make sure the broker matches traders’ requirements.
The Bottom Line: 101Investing Review
101 Investing is a new broker but is a daughter firm of an already established FXBFI; thus, the risk reduces as compared to other new brokers. Further, it is regulated under the financial body of CySEC, Cyprus Securities and Exchange Commission. And, if one is scanning for a budget, regulated broker, then it can be a good choice. In total, the rates are low, and the regulations are present.
The evident areas are safety and customer service. But remember, the final decision is in the customer’s hands, and one must decide as per his needs. The site design for both professionals and beginners. However, it might be lucrative to one but not to others!
At last, one tip for all the aspiring traders and investors – A user should not start investing unless he has enough knowledge about the subject or market. One can read books, articles, magazines, and watch videos, and webinars to enhance their skill base.
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