Learn Forex Trading With 101Investing

Learn Forex Trading With 101Investin

101Investing is an online broker that was founded in 2020. The parent company of the broker is FXBFI Broker Financial Invest Ltd. It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

The company is also one of the members of the Investor Compensation Fund. Traders can trade commission-free along with more than 250 trading instruments. The trading account types are silver, gold, platinum, professional, and demo accounts.

To learn forex trading with 101Investing is a good thought. This broker also offers swap discounts and spreads are payable on trades. Traders can trade on the MetaTrader 4, WebTrader and Mobile App.

Also, enhance your knowledge and trading skills with the use of research tools and educational resources. The tools include articles, courses, trading signals, economic calendar, and various others. All these are available free of cost for each trader.

Get customer support for 24 hours a day and 5 days a week. These are benefits and trading features that a trader can get while trading with the broker. Start earning good profits with 101Investing.

How To Open An Account With 101Investing?

Traders who are willing to learn forex trading with 101Investing need a trading account. You can open a trading account with the broker without any fees or charges. The process of opening a trading account is also quick and simple.

The whole process is carried out online only and traders do not need to visit anywhere. This makes the account opening easier and quicker. Traders can quickly access the leading financial markets operating across the globe after a trading account.

You have to follow this procedure for account opening:

  1. Open the web portal www.101investing.com of the broker in any of the web browsers to start the account opening process.
  2. Then you need to click the “Open Account” button on the portal so that you can be directed to the account opening form.
  3. Fill in the information as asked in the form such as first name, last name, email ID, address, phone number and other similar details.
  4. Upload the necessary documents issued by the government of the respective country for identity proof, income proof and other documents.
  5. You can add a payment option for quickly transferring funds from your bank account or eWallet to the trading account.
  6. After the whole process and verification, you need to add some funds so that you can start trading with your account. 

This process of account opening and verification consumes only a few minutes of a trader. As soon as you get access to your account, you can use the same for trading in the international financial markets.

How To Get A Demo Account With 101Investing?

A demo account is the perfect option to learn forex trading with 101Investing. The broker is offering a demo account so that traders can get a live market experience. The account is accessible free of cost.

Therefore, traders must use a demo trading account in the beginning. The benefits of using a demo account are listed below:

  1. Traders can reduce the high risks of losing their money in the market.
  2. They can get through trading experience in the market.
  3. You do not need to deposit any amount of funds for trading.
  4. The trading situations you face are based on real situations.
  5. Traders can overcome their fear of trading for the first time. 

These are the benefits of using a demo trading account. Now you must be wondering how to get a demo trading account with the broker. The process is simple, which is as follows:

 

  1. You need to open the website of the broker and then click on the ‘Open Account” button to proceed further.
  2. Instead of picking the live trading account, pick the option of a demo trading account available in the next step.
  3. Then follow the same process of filling in the details and uploading the necessary documents for verification.
  4. Finally, after successful verification, you can access your demo trading account and place trades. 

In this way, you can get a demo trading account and enhance your trading skills and knowledge. Enjoy the free feature of a demo trading account and experience live trading. Earn higher profits trading in the global financial markets.

How To Use a Chart With 101Investing?

To learn forex trading with 101Investing you have to learn how to use the price charts. The traders get to trade on one of the most popular trading platforms. The MetaTrader 4, WebTrader and Mobile App.

This is one of the best and most popular trading platforms. Traders can quickly access the financial markets and make their price charts customised. The price charts of the trading platform are having four major parts that are:

  1. Market Window
  2. Navigator
  3. Toolbar
  4. Price Charts

Traders can use it to make their trade more profitable. To customise your price chart, follow this procedure:

  1. Open a price on the screen and then right-click on it to check its properties.
  2. Then from properties, you can choose the most suitable price chart colour.
  3. Select a pattern of the price charts among two options available that are line graph and candlestick.
  4. After selecting the chart pattern, add the technical indicator you use for the study of the price chart and making trade decisions.
  5. Finally, traders need to save the price chart so that they do not have to repeat the same procedure every time.

This is the process to make your price charts customised and make your trades more profitable.

How To Use Leverage In Funds For A Broker?

Leverage is an important part while you learn forex trading with 101Investing. The use of leverage can bring more profits to your trades. Traders must understand the use of leverage and how to use it in their trades.

How much leverage does 101Investing offer? This broker is one of the top brokers and the amount of leverage offered is also high. Different trading account holders receive different amount of leverage that is:

  1. Silver Account – 1:200 maximum leverage
  2. Gold Account – 1:400 maximum leverage
  3. Platinum Account – 1:500 maximum leverage 

These are the limit of maximum leverage that a trader receives if he owns one of these trading account types. Another thing on which the amount of leverage depends is the type of trading asset.

When you will trade in the market you will know what are the maximum leverage limits on different trading assets. The highest leverage is offered for currency pairs, which means forex trading. Therefore, forex traders can earn maximum returns from the market.

How can leverage help you? For example, the limit of leverage is 1:500 this indicates that you can trade $500 with every $1 of trade. In simple terms, it is trading with borrowed funds. Hence, when you are trading with borrowed funds you need to be extra careful.

There is one negative aspect of trading with the leveraged amount, which is that it can amplify your losses also along with profits. That is the reason why extra care is and research is required while trading with the use of leverage.

How To Deposit Funds In The Broker Account?

To learn forex trading with 101Investing traders need funds. So here is the process by which you can easily deposit funds in your trading account. First of all, let us know all the options available to deposit funds in the trading account.

All the options available for depositing funds are listed below:

  1. Bank Wire Transfer
  2. VPay
  3. VISA
  4. Mastercard
  5. Maestro
  6. Neteller
  7. Skrill
  8. eMerchantPay Limited
  9. Trustly

These are the available options among which traders can choose the most suitable one. The process to deposit funds in your trading account is not so long and complicated. The process is as follows:

  1. Open the portal and login into your trading account with the broker.
  2. Then go to your account and click on the “Deposit:” button to add some funds.
  3. In the next step choose one of the payment methods offered by the broker.
  4. Fill in the required amount of funds you want to deposit in your account.
  5. Then finalise the process by allowing the deposit from the source location. 

There is no transaction fee on making a deposit to your trading account. This means that anytime you can make a deposit and trade in your favourite trading assets.

How To Contact Customer Support?

When a trader faces any type of conflict with the trading platform or the broker, he can contact the support team. 101Investing offers customer support 24 hours a day and 5 days a week. However, weekend customer support is not available.

Customer support is accessible in three ways that are live chat, email support, and phone conversation. Reliable customer support is offered by the broker that means it is one of the best options to learn forex trading with 101Investing.

The contact details of the broker are as follows:

  1. Phone Number – +357 80092740
  2. Email Address – [email protected]
  3. Live Chat – Traders can use the mobile app or the website to avail of live chat.
  4. Address – 13 & 15 Grigori Afxentiou str. IDE Ioannou Court, 3rd Floor, Office,301, 4003 Limassol Cyprus 

These are the ways to get customer support from the broker. The customer support team can resolve your issues in the minimum possible time. Many times during the trading experience traders require customer support and this broker has trusted support.

The fastest way to get support is the live chat option that you can use with the mobile app and website. Traders can use it to get quick responses. Another way is to have a phone conversation and in the end, you can make an email.

The reply to the email consumes time, that is why it is the least prefered option. Hence, traders can select the best option according to themselves.

What Is The Procedure To Withdraw Funds From A Trading Account?

In order to withdraw your funds from the trading account, there is a quick process. When you want to learn forex trading with 101Investing, you invested and now you want to withdraw your profits.

The options available for traders to withdraw their money from the trading account are:

  1. Bank Wire Transfer
  2. VPay
  3. VISA
  4. Mastercard
  5. Maestro
  6. Neteller
  7. Skrill
  8. eMerchantPay Limited
  9. Trustly 

Traders can use these options to get their funds back in the bank account or eWallets. The minimum withdrawal should be 100 Euros because below it there is a transaction fee. Another fee that is payable to the broker for your trading account is the inactivity fee.

50 Euros are payable for withdrawals if your trades are below the significant limits. Therefore, traders should keep this in mind and then trade accordingly. Traders who want to withdraw their money should follow this:

  1. Open the website or mobile app of the trader and login into your account.
  2. After this click on the “Withdraw” button to withdraw funds from your account.
  3. Enter the specific amount and choose the method to get the funds.
  4. Confirm the transaction and wait for the amount to receive. 

The whole process of withdrawing funds is this. In some rare cases, the transaction takes up to 24 hours, otherwise, the amount is transferred quickly.

The Bottom Line

101Investing is a regulated and trusted broker. Your decision to learn forex trading with 101Investing can be the best decision. It is because of the benefits and features provided by the broker to the clients. Start trading and earn higher returns with this broker.

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