Trading Name: 101Investing
Platform URL: https://www.101investing.com
Company Name: FXBFI Broker Financial Invest Ltd
Company Founded: 2016
Location: 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076, Limassol, Cyprus,
Regulated: Yes
License: CySEC, license number 315/16
Trading Products: CFDs on: Forex, Cryptocurrency, Commodities, Indices, Stocks and Metals
Minimum Spread: 0.03 pip
Awards:
World Finance: Best Cryptocurrency Broker 2020
AtoZ Markets: Best New Broker in Europe 2020
BrokerCheck: Best FX Broker Europe 2020
Overview
101Investing is an award-winning online crypto CFD brokerage platform that offers a highly flexible trading solution to its users. 101Investing is operated by FXBFI Broker Financial Invest Ltd. The company is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 315/16. It is designed to accommodate the needs of all kinds of traders, with support for a wide range of assets including Forex, Cryptocurrencies, Commodities, Stocks, Indices and Precious Metals traded through CFDs.
Platform
As the name suggests 101Investing sticks to the basics of CFD trading by offering an easy to use, all too familiar platform that can be used by anyone, depend on their prior experience in such trading instruments. Accessibility is one of the strong suits of 101Investing. It can be accessed over a web browser using the WebTrader interface, while those who prefer a desktop trading software can benefit from the MetaTrader 4 support for computers running on Windows, macOS, and even Linux based systems using certain workarounds. For those who are always on-the-go, 101Investing is available as a mobile app for Android and iOS powered smartphones.
101Investing is a multilingual platform available in English, Spanish, Portuguese, Italian, German, Dutch, and Swedish languages. It offers multiple account types based on the traders’ requirements and has a wide range of trading tools and educational material to help users make their trading dreams a reality. The highly customizable dashboard allows traders to arrange it as per their preference. Using it, they can access 250+ assets, more than 30 indicators, 24 analytical objects, interactive charts with 9-time frames, 4 market order execution modes, a one-click trading feature and more.
Accounts and Trading
Trading on 101Investing is an easy and straightforward process, for which users must first register on the platform to open a trading account. The simple account opening steps include providing full name, email address, phone number, and setting a password, followed by a quick KYC process. Users can opt from four different account types: SILVER, GOLD, PLATINUM and the personalized PRO EXCLUSIVE. Based on the account type, the leverage ratio and swap discount vary from 1:30 to 1:500 and 0% to 50% respectively. It also offers Shariah-compliant Islamic trading accounts to those who prefer.
Irrespective of the account type, all traders on 101Investing will get access to free VPS and investment news updates along with a dedicated account manager to handle trading related queries and requests. By signing up on 101Investing, users can trade all supported CFD products, which includes 20+ currency pairs, over 20+ popular cryptocurrencies, 15+ hard and soft commodities, more than 100 global stocks and some of the world’s biggest indices including FTSE 100 and DAX 30.
Payments and Fees
Following a transparent pricing structure, 101Investing has some of the lowest fees in the market. Users can make deposits and place trades without worrying about any deposit fee or commissions. However, when it comes to withdrawals, the company reserves its right to charge a small fee based on the traders’ inactivity. Additional fees may apply, in case the Client wishes to withdraw less than €100. In both cases, the Client will be informed in advance accordingly. It also charges an additional fee if the account is left inactive for more than a certain period.
101Investing provides added convenience with flexible deposit and withdrawal options that include VISA and MasterCard powered credit and debit cards, bank wire transfer and leading e-wallet services like Skrill, Neteller, Safecharge, V Pay etc. The minimum deposit and withdrawal amounts are EUR250.
Security and Support
101Investing implements the latest and the best security features to ensure the safety of its user’s funds as well as private information. The top-class security features include firewalls and SSL software, SAS 70 certified data centers and Level 1 PCI compliant service moderation.
The customer support team at 101Investing is available during weekdays and weekends, resolving any trading related queries and issues with utmost efficiency. Users can reach the support team via live chat, telephone, email, and web form. Apart from quality support, it also has an extensive collection of educational and training material that helps users learn how to use the platform, and trade efficiently. These learnings can then be put to practice on 101Investing’s demo trading platform without risking actual funds.
Conclusion
101Investing presents itself as one of the most convenient ways to trade CFDs by offering a great deal of flexibility when it comes to an individual’s trading choices. Being operated by a regulated company further elevates its standing as a reputable crypto CFD brokerage platform.
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.