101investing Review 2020
101investing is a regulated broker that offers online CFD trading via the user-friendly MetaTrader 4 (MT4) platforms for multiple devices. The broker has 100’s of CFDs including Forex, Stocks, Indices, Commodities & Cryptocurrencies. There is a variety of account types, funding options & educational resources to choose from but we did not find the broker to have the tightest spreads.
101investing Review 2020, Pros & Cons
- Regulated brokerage firm
- User-friendly MetaTrader 4 platform
- Range of educational materials
- Multiple account types & funding options
- Not the tightest spreads
- No US clients
- No daily market analysis
- No social trading platform integration
In this detailed 101investing review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
101investing is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including 101investing.
101investing Review: Summary
101investing is an online CFD trading broker based in Cyprus. The broker offers a solid and competent online investment platform that can cater to various trading strategies with 100’s of CFD’s available for trading online. They also provide a variety of trading account types and funding options along with educational materials to support traders of all experience levels.
101investing Review: Regulation
101investing is operated by FXBFI Broker Financial Invest Ltd who are located in Cyprus and regulated by CySEC with license number 315/16.
101investing implement some top-class security features including:
- Firewalls and SSL software
- Servers in SAS 70 certified data centers
- Level 1 PCI compliance service moderation
101investing Review: Countries
The broker is unable to accept clients from some countries including the USA. Some 101investing broker features and products mentioned within this 101investing review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
101investing Review: Trading Platforms
101investing provides traders with the popular MetaTrader 4 (MT4) platforms for web, mobile, and desktop. The web version can run directly in most modern web browsers without needing to download or install any additional software. The MT4 desktop platform has the most functionality including support for automated trading via expert advisors (EAs) whereas the mobile trading app is useful for those who would like to access their trading account and follow the markets whilst on the go. The MT4 app is compatible with Android and iOS devices.
MT4 provides a transparent, functional and fully customisable trading environment with quick access to global markets. It is widely regarded as on of the best trading platforms and is equipped with an abundance of features that are necessary for smooth trading performance for various trading styles.
Some of the key MetaTrader 4 features include:
- Multiple order types including instant, limit and pending orders
- Fully customisable user-friendly interface
- 24 analytical objects including lines, channels, the Gann and Fibonacci tools, shapes, arrows and many more
- 30+ analytical tools such as RSI, MACD, Moving Average, Bollinger Bands and much more
- 9 timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN
- Automated trading with expert advisors (EAs)
- Strategy tester to back test EAs over historical data
- MQL editor to create customised trading tools
- Market place to download additional tools and get trading signals
- Price alert notifications via email, SMS and platform pop-ups
101investing Review: Trading Tools
The majority of trading tools offered by the broker are built-in the provided MT4 platform which usually has more than enough tools for the average retail trader. MT4 also supports additional add-on tools which can be downloaded from various sources online and from the MQL marketplace which is accessible from within the trading platform itself.
The broker does have an economic calendar and earning report calendar on their website. These can be a useful way to keep track of the latest market news and are often implemented as part of a trading strategies fundamental analysis.
101investing Review: Education
101investing have a generous selection of educational materials to support traders and encourage informed trading. The broker offers trading articles, webinars, tutorials, videos, eBooks and courses. These cover a variety of trading topics from trading platforms to trading strategies and more.
101investing Review: Trading Instruments
101investing clients can trade over 250+ CFDs on Forex, cryptocurrencies, commodities, metals, stocks, shares and indices.
- Trade Forex CFDs on 45+ currency pairs
- CFDs on bitcoin investment and 50+ most popular cryptocurrencies
- Trade CFDs on gold, silver, platinum and other precious metals
- CFDs on energies, and soft commodities (wheat, rice, cocoa, coffee, etc.)
- Instant access to 75+ of the biggest global stocks
- Major world indices such as Dow Jones, the FTSE 100, the DAX, NASDAQ 100, Nikkei 225
101investing Review: Trading Accounts & Fees
101investing provide 3 main account types – Silver, Gold, and Platinum. Each account offers unique trading pathways to global markets with flexible spreads and leverage correlating with your trading skills, experience, strategies, and investment goals.
- Minimum Deposit: $250
- Spreads: From 0.07
- Max Leverage: 1:30
- Commission: None
- 250+ trading assets
- Spreads: From 0.05
- Max Leverage: 1:30
- Commission: None
- 350+ trading assets
- 25% swap discount
- Spreads: From 0.03
- Max Leverage: 1:400
- Commission: None
- 250+ trading assets
- 50% swap discount
Those who qualify as professional clients can apply for the professional account which gives increased leverage of up to 1:400 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations imposed by ESMA on retail clients.
To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.
It is important to note that some protection is removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.
Islamic accounts that comply with Sharia law are available to Muslim traders. This shows that the broker supports various countries, languages, worldviews, backgrounds, and cultures.
101investing demo accounts enable traders to practice their trading strategies using virtual funds. This can be a good way to familiarise yourself with the brokers trading platforms and brokers services before opening a real live trading account.
As broker fees can vary and change, there may be additional fees that are not listed in this 101investing review. It is imperative to ensure that you check and understand all of the latest information before you open a 101investing broker account for online trading.
101investing Review: Customer Service
101investing support is on hand to assist with all of your general, technical or account related questions. They can be reached 24 hours a day, 5 days a week, via telephone, email and online web chat.
101investing Review: Deposit & Withdrawal
101investing have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. 101investing strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your 101investing trading account.
Accounts can be opened USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
101investing Review: Account Opening
It is a simple process to open an online trading account with 101investing. You can click the “open account” link located throughout the brokers website and you will be presented with a short signup form. You can fill in the form providing the relevant information on your background, trading experience, and skills. This is to check your suitability for the trading services that the broker provides.
Once you have completed the form you can choose the trading account type that most suits your needs and make a deposit to your account choosing the most convenient payment method from those provided by the broker. Your account will be reviewed and after it is successfully verified, you can choose your preferred markets and start trading online.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
101investing Review: Conclusion
Overall, 101investing are a regulated broker with a solid online trading service. There is a decent selection of CFD trading instruments and the ever popular MetaTrader 4 platform which is user-friendly and available on multiple devices. Clients can choose from a variety of account types and deposit/withdrawal methods. The broker has a 24/5 support team along with educational materials to encourage informed trading and support new traders.
However, the trading brokers review team did not find this particular broker to have the lowest spreads when compared to some of the best trading brokers that we have reviewed. They could also benefit from adding daily market analysis and social trading platform integration.
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.