Great educational materials
In this 101Investing review, we give you the need-to-know details about a CySEC regulated forex broker that launched in 2020. 101Investing provides you with access to over 50 forex currency pairs and over 250 assets to trade through CFDs, including cryptocurrencies, commodities, metals, indices, and stocks.
Throughout this review, our experts found that 101Investing was well suited to different types of traders. If you want to enhance your CFD trading skills, you’ll appreciate the range of educational materials. This includes e-books, articles, and videos. 101Investing also stands out from the crowd thanks to its choice of three account types, zero commissions, spreads from 0.03 pips, and range of trading tools.
101Investing is an award-winning broker that’s available on both mobile and desktop. Read our full review to find out how to open an account today.
Learn about 101Investing’s background
101Investing began operations in 2020, and the online forex broker has already built a strong name for itself. The company is based in Limassol, Cyprus, and services clients from across the EU and Switzerland.
Trading with 101Investing gives you access to CFDs in popular asset classes such as cryptocurrencies, commodities, precious metals, forex, indices, and stocks. Overall, the broker offers the ability to trade more than 250 CFDs, making it the perfect choice if you’re looking to diversify your portfolio.
As you review 101Investing’s accolades, you’ll see that the broker is well respected. Awards won include the World Finance Award for Best Cryptocurrency Broker in 2020, the Best New Broker in Europe Award from the Forex Awards 2020, and Best FX Broker Europe from BrokerCheck 2020.
Stay safe with CySEC regulation
101Investing is operated by FXBFI Broker Financial Invest Ltd, a Cyprus Investment Firm (CIF) which is regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 315/16.
CySEC is considered to be a tier-one regulator, thanks to its stringent approach. This means that, when you trade with 101Investing, you can rest assured that the company has followed strict guidelines. For further peace of mind, the company is a member of the Investor Compensation Fund. The ICF compensates covered clients, up to 20,000 EUR, should the broker fail to fulfill its obligations.
101Investing also has a strict segregated accounts policy. Your funds will only ever be held in accounts with first-class global banking institutions, and the broker cannot use them for operational purposes.
Account types for different types of traders
As you review 101Investing forex broker’s account types, you will notice that there are three live retail accounts plus a professional account. All accounts, both retail and professional, have negative balance protection. Below you can find overviews of each account type so that you can pick the best one for you with ease.
- Silver accounts allow hedging, feature fifth-decimal trading, and give you leverage of up to 1:30. Spreads start at 0.07 pips and there are no commission fees. To open this account, you’ll need to deposit a minimum of 250 USD or equivalent.
- Gold accounts offer the same advantages as the Silver account, yet spreads start from 0.05 pips. You’ll also receive a swap discount of 25% and a dedicated account manager. The minimum deposit remains at 250 USD or equivalent.
- Platinum accounts at 101Investing come with spreads starting from just 0.03 pip and a swap discount of 50%. This account type is a great choice for more advanced traders.
- Professional accounts are available if you meet the broker’s requirements. This includes proof of experience in the financial sector, proof of significant trading activity in the past year, and a financial portfolio worth at least 500,000 EUR. These accounts give you increased leverage of up to 1:500, faster execution times, and VIP service.
If you are a Muslim trader, you’ll also appreciate that Silver, Gold, and Platinum accounts can be converted to Sharia-compliant versions. Islamic accounts at 101Investing do not have swap fees, time limits for holding positions, extra overnight fees, or commissions.
Pros and cons of 101Investing
- Regulated by CySEC
- Access to 250+ CFDs
- No commissions
- Vast educational resources
- Only accepts clients from the EU, EEA, and Switzerland
Become a partner for extra perks
Our review of 101Investing found that the broker does not offer you any promotions or bonuses when you open an account. Luckily, this is because 101Investing complies with industry standards and regulations, which prohibit brokers from incentivizing CFD trading.
In terms of other perks, 101Investing does offer you the ability to become a partner. This program lets you receive as much as $800 per trader you bring to the broker, along with rebates based on the number of traders you bring in, and other extras like VIP conditions, a custom program, and upgraded payments.
Benefit from competitive spreads and swap discounts
The only trading fees you will incur at 101Investing are spreads and swaps, as the broker does not charge commissions or deposit fees. As mentioned in the account section, spreads start at 0.03 pips. As an example, 101Investing offers spreads on EURUSD from 0.7, 0.03 on Brent Oil, stock CFDs from 0.21, DAX 30 from 1, and XAGUSD from 0.037.
Financing and overnight rates are transparent and available on the broker’s website. Gold accounts receive a 25% discount on swaps, and Platinum accounts receive a 50% discount. This makes these account types perfect for you if you prefer to hold positions overnight.
You should be aware of inactivity fees, which begin after 61 days of inactivity and can be a little hefty. Inactive accounts will be charged with €160 for over 61 days of inactivity, retroactive for the whole dormant period, then at €120 after 91 days of inactivity, €120 after 121 days, €200 after 181 days, and €500 per month after 271 days. While these fees are higher than many of 101Investing’s competitors, our reviewers found they are easy to avoid. Simply make a single trade each month or close your account.
Fund your account quickly and easily
101Investing offers a low minimum deposit amount of just 250 USD. or currency equivalent, no matter which account type you wish to open. This is accessible and suits a range of budgets.
To fund your account, you can use credit and debit cards, bank transfer, or a range of e-wallet services. This includes eMerchantPay, SafeCharge, Skrill, and Solidpay. Most payment methods are instant.
101Investing typically processes withdrawals on the same day, and these are mainly free of charge. The remaining withdrawal time depends on the method; if you choose to cash out with an e-wallet you can expect instant payments, whilst bank transfers take several days.
Trade from all devices with MetaTrader 4
Our reviewers were pleased to find that 101Investing allows you to trade via MetaTrader 4. This is an established and award-winning trading platform that works on desktop and mobile.
When you register with the broker, you can download the platform for Mac or Windows, use the browser-based WebTrader, or choose the mobile application for your Android or iOS device. There is cross-platform functionality, so you can seamlessly switch from trading on the mobile app to the desktop or web platform and vice versa. The web platform supports an impressive 11 languages.
MetaTrader 4 features four execution modes for market orders, including Exchange, Market, Request, and Instant, each available in a single click. You also get customized trading and execution and access to your trading history. For analysis, you can use 24 objects, including arrows, shapes, Fibonacci, and Gann tools. You’ll also be able to use nine time frames and indicators, and there’s plenty of third party trading signals to add to the platform too.
Education materials for beginners and advanced traders
Education is one of the areas in which the 101Investing forex broker stands out from the competition. There’s an extensive selection of articles, videos, and PDFs to learn from, all designed to help improve your trading skills.
As a 101Investing trader, you’ll also be able to watch live webinars. These cover a range of beginner-friendly topics, such as technical analysis, trading with indices, and trading strategies. Others discuss specific instruments or economic events and will appeal to traders of all skill levels.
Contact 101Investing with ease
As we reviewed the 101Investing forex broker’s website, we found that all clients have access to multilingual customer support via phone, email, or live chat. This is available on weekdays between 09:00 – 23:00 GMT+3, and on weekends 11:00 – 20:00 GMT+3. Support staff are prompt, friendly, and knowledgeable, so long as you already have an account. Unfortunately, we found that live chat agents do not much information before you register.
Final summary – a reputable broker with something for everyone
After completing research for our review of 101Investing, we found that this CySEC-regulated broker offers something for all types of traders. With a wide range of instruments in several asset classes and three different account types, it’s an appealing place to trade if you’re looking to diversify your portfolio.
When it comes to costs, 101Investing is transparent. Fees are low, whilst regulation and security features are high. This allows you to register with confidence, something you won’t find at lesser brokers.
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 regulated broker?
Yes, our 101Investing review team discovered that the broker is operated by FXBFI Broker Financial Invest Ltd, a company which is authorized and regulated by CySEC. CySEC is a tier-one regulator which imposes strict guidelines and security measures. As such, you can rest assured that 101Investing is subject to strict regulations and guidelines.
What account types does 101Investing offer?
101Investing offers three main types of retail accounts, Silver, Gold, and Platinum. You can also open a demo account free of charge, a professional account if you meet requirements, and an Islamic account if you are a Muslim trader. Unfortunately, 101Investing does not offer an ECN account.
Does 101Investing offer a bonus?
No, 101Investing does not offer a trading bonus as this is against the company’s policies and prohibited under the applicable regulations. Our reviewers were happy to find that 101Investing respects these rules and, instead, offers accessible trading services.
What is the minimum deposit at 101Investing?
The minimum deposit at 101Investing is just 250 USD or currency equivalent. With this broker, you can deposit via credit or debit card, Solidpay, Paydoo, Worldpay, or bank transfer. Deposits do not incur fees and most are processed instantly.
Is 101Investing secure?
Yes, 101Investing is a secure and well-established broker. Security of funds is one of the primary concerns for the company, which is why they offer negative balance protection and keep client funds segregated from corporate accounts. The broker also works with state-of-the-art cyber technology, such as SSL certifications, firewalls, and encryption.