Broker 101investing.com founded in 2020 and offers about 250 CFD instruments for online trading. The 101Investing review shows the details of login, regulation, account types, fees, and more. Is it legal and reliable or a fake and scam broker? You will find out now.
Content
Trading conditions on 101Investing
| Official site | https://101investing.com |
| Year of foundation | 2020 |
| Regulated by | CySEC |
| Trading instruments | 250+ CFDs on Forex, stocks, commodities, metals, indices, cryptocurrencies |
| Spreads and commissions | Above average / High floating spreads For Silver (Initial) account EUR/USD – from 2.2 pips GBP/USD – from 2.8 pips USD/JPY – from 2.3 pips Oil – from 0.07 pips More about spreads |
| Most popular | 101investing in Cyprus, Switzerland, Netherlands, Austria, Spain, UK, Germany, Italy |
| Provision of services in the US, UK, Canada, European Economic Area | The European Economic Area and UK The US and Canada. |
| Min. trade size | 0.01 |
| Leverage | Up to 1:30 Up to 1:500 for professional clients |
| Account types | Silver, Gold, Platinum, Pro (Exclusive) |
| Minimum deposit | $ 250 |
| Minimum withdrawal | |
| Deposit & withdrawal methods | 8+ |
| Payment Fees | High commissions for withdrawal and inactivity |
| Trading hours | 24/5 24/7 (For crypto) |
| Trading platforms | MT4 |
| Mobile App | |
| Demo | |
| Copy Trading | No info |
| AT/Robots | No info |
| Bonus | |
| Affiliate program |
Is 101investing safe or a scam broker?
101Investing is operated by FXBFI Broker Financial Invest Ltd, authorized and regulated by the CySEC under license number 315/16. CySEC is a tier-1 regulator. It complies with the MiFID directive and allows the broker to provide its services in Europe.
In most cases, reliable and safe brokers are licensed by this regulator. But there are also exceptions (for example, 24Option, ForexTB and others). Exceptions are especially possible among new brokers.
And the 101 Investing appeared only in 2020. Therefore, it can’t be said that it’s absolutely safe and legal. In addition, reviews from traders are mostly negative. The broker’s rating is very low compared to its competitors. Traders report annoying managers and withdrawal problems. So, 101Investing may be a scam broker.
Trading offers
In addition to the ambiguous reliability, 101Investing offers not the best trading conditions.
You can only trade on the MT4 platform (web, app). There are only about 250 assets, of which only 47 are CFDs on Forex. Most of all CFDs are on shares – there are more than 75 of them. There are CFDs on Apple, Facebook, Pfizer, Tesla, etc.
The leverage depends on the trading instrument and account type. For retail clients with a minimum deposit of $ 250, it is:
- Forex – 1:30
- Stocks – 1:5
- Commodities – 1:20
- Metals – 1:10
- Indices – 1:20
- Cryptocurrencies – 1:2
The leverage can be up to 1:400 or 1:500 for professionals only.
And if up to this point the trading conditions are not the worst, after the next section they will become like that.
Spreads and fees
101Investing spreads for currency pairs are very high for the initial account. They are much higher than the industry average. For example, the spread for EUR/USD starts from 2.2 pips, for GBP/USD from 2.8 pips, for USD/JPY from 2.3 pips. And these are the minimum values for a standard (silver) account, usually they are even higher.
They are below for other types of accounts. But it’s not worth it. There are many other reliable brokers with low spreads. In addition, there are fees in the form of swaps for moving a position to another day and for inactivity. 101Investing has huge swaps. You will not be able to open long-term positions.
And they seem to be hoping that you will not find information about them and will lose all funds on these fees.
Account types
The broker offers a demo account and 4 types of real accounts: silver, gold, platinum and pro (exclusive). A demo account can be created on the MT4 platform. It’s unlimited. Practice account let you understand how the Forex market works and try out strategies.
The difference between account types is spreads, swaps and leverage. All clients are provided with a free VPS server and investment news updates.
| Silver | Gold | Platinum | VIP | |
|---|---|---|---|---|
| Spread: EUR/USD | 2.2 | 1.3 | 0.7 | Personal offers |
| Swap discount | 25% | 50% | Personal offers | |
| Leverage | 1:30 | 1:400/1:500 | 1:400/1:500 | Personal offers |
Despite all the bonuses, the broker has too high commissions.
Mobile app
To trade with 101Investing on mobile devices, you can use their proprietary app or MT4.
Their branded app came out quite recently. 101Investing mobile app can’t be used to sign up, but you can login your account and start trading from anywhere. It has about 30 analytical tools and all CFD assets are available. It looks convenient, but it has practically no ratings and downloads yet. So, it’s difficult to talk about its safety and reliability.
Therefore, if you decide to choose 101Investing, it is better to use the MT4 app. It’s simple and functional for beginners and experienced traders.
Deposit and withdrawal methods, commissions
The broker has about 8 payment methods in total:
- Credit/debit cards
- Bank transfer
- E-wallets: PayDoo, Skrill, eMerchant Pay Limited, Worldpay, Solidpay, Safecharge
The minimum deposit is $ 250. Withdrawals are much more complicated. You need to submit a withdrawal request via the customer support department by email or create a request via the customer portal. Clients in the reviews claim that the broker does not withdraw funds. And with such a non-automated system, this may be true.
The review finds that 101Investing also reserves the right to charge a withdrawal fee of € 50 in the event of little (only one position placed in the trading account) or no trading activity. There are also commissions for inactivity. The first commission of 160 Euro is charged after 61 days of inactivity. It is 500 Euros after 331 days. All this can be found in the “legal” documents section.
The broker does not provide a no deposit bonus or any other types of bonuses.
Research and education
One of the features of the broker is an extensive education section. There are articles, e-books and courses here. Beginners will be able to understand the principle of CFD trading, learn about basic concepts and some trading strategies. Professional traders, most likely, will not find useful information in this section.
For market research, the broker provides an economic calendar, live reports calendar, daily news and trading signals. Trading signals are available only after registration. However, the broker has not earned the trust of traders. And the reliability of these signals is highly questionable.
Pros and Cons
Pros
There is one tier-1 regulation – CySEC.Low spreads on a Platinum account are good for scalping and intraday trading
Good education section
Free and unlimited demo account
Cons
Low reliability. The broker appeared in 2020 and there are many bad reviews of traders about itHigh spreads and huge swaps
Few payment methods. There is no automated withdrawal system
There are no special offers or contests
Trade only on the MT4 platform (web, application for PC or mobile)
Huge fees for little or no trading activity.
Conclusion of the review on 101Investing
As a result of the review, 101investing.com is a poor choice for online CFD trading. Perhaps it is scam and even fake despite CySEC regulation. There have already been such cases.
It makes no sense to list again all the cons of the broker. There are a lot of them and they are indicated above. Therefore, it’s better to choose one of the more reliable brokers for CFD trading, such as IQ Option, Swissquote, Libertex or other high-trusted brokers.
Accepted countries
Broker 101Investing.com provides services within the European Economic Area and Switzerland, namely: Austria, Belgium, Bulgaria, Hungary, Greece, Germany, Denmark, Ireland, Italy, Spain, Cyprus, Luxembourg, Latvia, Lithuania, Malta, Netherlands, Portugal, Poland, Romania, Slovenia, Slovakia, France, Finland, Croatia, Czech Republic, Sweden, Estonia, Iceland, Norway, Liechtenstein.
The broker does not accept traders from other countries.
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