101Investing is a young CFD-broker based in Cyprus. Started in June 2020, the broker offers more than 250 CFDs on different asset classes.
The users have access to over 10.000 markets, to make sure they’re getting the best prices. With 20 CFDs on cryptocurrencies, the platform is also covering this emergent market. The following cryptocurrencies are available:
- USD: BAB, BSV, BTC, BTG, DASH, ETC, ETH, IOTA, LSK, LTC, NEO, QTM, SIC, USDT, XEM, XLM, XMR, XRP, XVG, ZEC.
- EUR as well as GBP: BTC, DASH, ETC, ETH, LTC, XRP.
In addition to cryptocurrencies, 101Investing also offers other financial instruments to diversify your portfolio. There are more than 30 analysis tools available, to find the perfect entry- and exit points into the markets.
The leverages for retail investors are customized to the asset classes and are composed as follows:
- 1:30 for important trading pairs
- 1:20 for less relevant currency pairs, Gold and important indices
- 1:10 for all commodities (except Gold) and less relevant indices
- 1:5 for stocks
- 1:2 for cryptocurrencies
Different account types make trading simple
101Investing offers 4 account types that are based on the users experience. This helps to adjust the risk and to maximize your learning effect. The account types are structured as follows:
The silver account is customized for beginners. You get access to the global markets with over 250 CFDs available. But there is no swap discount (means discount if positions are opened overnight). You pay no commissions and the spreads start at 0,07 pips. The available leverage for professional traders lies at 1:200.
The Gold account covers better performance and advanced trading opportunities. The swap discount amounts 25%. You get your own customer support, webinars, and videos. The maximum leverage for pro-traders is 1:400.
As a platinum user, you get spreads starting at 0,03 pips. a swap discount of 50% and a free VPS (virtual private server) in addition to the amenities of the gold account.
This account type is only for professionals. It requires 10 trades per quarter, particular knowledge, and a trading account with at least €500.000 deposited to reach this level. The leverage goes up to a maximum of 1:500. As a pro user, you also get the possibility to benefit from premium loyalty programs.
101Investing also offers a demo account with virtual assets for learning purposes. This allows the user to learn about trading and the usage of the platform without the need of risking his money.
All account types are also available as an Islamic account (no interest rates, because prohibited in a religious sense). 101Investing supports various languages: English, German, Portugues, Spanish, and Italian.
101Investing supports the popular trading platform Metatrader 4 (MT4). It can be used with the web or the download version. MT4 offers various features like 50 editable market indicators and automatized trading.
The 101Investing mobile app is available for iOS and Android. It allows trading from wherever you are. When connecting with the MT4 trading platform, you get nearly endless features.
Firstly, there is no commission or depositing fee, when trading with 101Investing. Like most trading platforms, 101Investing makes its profit from the spread (the difference between buying and selling price). The spread gets lower with higher account levels. The exact spreads for the different asset classes can be found on the website. For opening up an account, a minimum deposit of €100 is required.
It is important to be aware of the inactivity fees. If you don’t use the platform for a longer time, you pay the following fees:
- More than 61 days inactive: retroactive (to the first month): €160 fee.
- More than 91 days inactive: €120 per month.
- More than 181 days inactive: €200 per month.
- More than 271 days inactive: €500 per month.
Besides, there are swap fees for positions which are left open overnight. As already mentioned, you get a discount on this fee with a higher account level.
101Investing offers common depositing methods. Deposits are available via credit card (VISA / Mastercard), wire transfer (SEPA), Skrill, Neteller, and Trustly.
How safe is 101Investing?
Because of 101Investing being headquartered in Cyprus, the broker underlies the supervisory of the Cyprus Securities and Exchange Commission (CySEC). As an authority of an EU member state, CySEC ensures that the strict legislation of the European Union is upheld. This considerably strengthens the confidence in the broker.
101Investing is a subsidiary of FXBFI Invest Ltd. This company is authorized and regulated under the license number 315/16 of the CySEC. With this license, FXBFI or 101Investing can provide financial services across borders for other members of the European Economic Area. The license is tied to high conditions, which are reviewed again and again.
Because of the membership at the Cypriot investor compensation fund, the users assets are protected up to a height of €20.000 in case of the companys insolvency.
In our opinion, 101Investing is a useful broker that fits a wide spectrum of traders. Beginners as well as professionals get their money’s worth with a variety of account types and the wide range of asset classes and trading pairs. The fees of the broker are in the usual range or rather on the cheaper side. A point of criticism here is the expensive inactivity fees. But this is something that other brokers also have.
Demo accounts, webinars, and videos make it easy for beginners in particular to gain a foothold in the trading world. The large number of languages supported by the platform is also useful.
MT4 makes handling particularly easy and intuitive. The trading pleasure is rounded off by the security that the CySEC regulation guarantees.