A tier-one broker offering over 250 CDFs in five major categories including precious metals, stocks, index funds, cryptocurrencies, and forex
101Investing is a trade broker is a subsidiary of FXBFI Broker Financial Invest Ltd, an investment firm headquartered in Cyprus. The offers traders a wide spread of CDF instruments on its trading platforms such as stocks, cryptocurrencies, indices, and precious metals. The platform launched this June and is licensed, regulated, and supervised under the Cyprus Financial Supervisory Authority (CySEC).
The field of trade brokerage is facing a number of challenges and 101Investing aims at providing solutions in the market to provide the best of services to its customers. The broker currently competes with similar dynamic brokers such as eToro and Plus500 for supremacy in the trading field.
Over 250 CDF instruments are available on 101Investing’s MetaTrader 4 (MT4) platform on mobile and desktop web applications. The platform also offers four main levels of traders’ accounts i.e. Silver, Gold, Platinum, and Pro Exclusive. The broker also offers a swap-free Sharia account.
Is 101Investing safe?
The first main concern for traders is the safety of funds. Users need not worry as 101Investing is as safe as any trading broker could be. As mentioned above, the company is licensed by the CySEC, which complies with the European Financial Harmonisation Law (MiFID), meaning the broker is heavily regulated within the European Union laws – making it highly trustworthy.
Notwithstanding, the company also follows regulations of the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) in New Zealand.
Given the strict legal boundaries, the broker only provides services to users in the European Economic Area, Switzerland, and the United Kingdom only.
Features offered on 101Investing
101Investing is a tier-one broker offering over 250 CDFs in five major categories including precious metals, stocks, index funds, cryptocurrencies, and forex. The platform also offers a user-friendly mobile application that supports all 250+ CDF trading instruments in over 10,000+ markets. The platform comes with in-built technical indicators, trading graphics, alerts, and a social trading platform to exchange ideas with other MetaTrader 4 traders.
The platform offers different leverage ratios for the different instruments and according to the user account type. The highest leverage is offered to the Professional traders at 1:500 on some of the FX pairs while the lowest leverage is offered to cryptocurrencies at 2:1.
In a bid to reduce the liquidation on the platform, the broker offers retail and institutional clients negative balance protection. Additionally, the firm is a member of the Investor Compensation Fund (ICF) which compensates retail traders in case the company fails to meet its obligations.
Deposit and withdrawal options
One of the competitive advantages that 101Investing offers is its low deposit rates of only €100 (~$113) for retail traders. The platform also offers a wide variety of payment and withdrawal options including debit and credit cards (VISA/MasterCard), EU Bank transfers, Skrill, Neteller, Trustly, and any supported crypto wallet.
The platform offers above industry average spreads across its CDFs; Silver account types have the highest spreads with Pro and Platinum accounts eligible for the lowest spreads.
CDF spreads start at 0.003 in commodities, 0.21 in stocks, 0.32 in indices, 0.037 in precious metals, 0.7 in forex, and cryptocurrency trades carry a floating charge.
Fees and commission
The broker does not charge a commission on any of the trades. However, the firm dictates the overall spreads on CDFs and places some levies on the accounts such as the swap fee, withdrawal fees for amounts below the minimum deposit fee (€100), and a further $50 if you withdraw funds without making a single trade.
An inactivity fee on accounts that are unused for 60 days and above is also levied. The fee can range from €80 to about €200 for accounts that remain inactive for over half a year. Any account dormant for more than 271 days is charged a €500 fee.
As mentioned before, 101Investing offers four main account types as described below;
- Leverage up to 30:1 for FX retail and professional traders. Max leverage at 200:1.
- A minimum deposit of €100.
- Minimum spreads at 0.07
- Maximum leverage of up to 400:1 for professional traders.
- Swap fee discount of 25%
- Spreads start from 0.05
- Maximum leverage at 400:1 for professional traders
- Spreads start from 0.03
- 50% discount on the swap fees
- Enjoys instant trade executions
- Over 70% reduction in swap fees
- Personalized account manager
- Negative Balance Protection
- Maximum leverage of 500:1
101Investing also includes a swap-free Sharia account for Islamic customers.
101Investing other capabilities
The range of trading tools on 101Investing form only a fraction of the extensive features the broker offers users. In addition to the zero-commission trading, high leverage, and variable spreads, 101Investing also offers its users a demo account to sharpen their trading skills, a social trading account, and educative material to get newbies through the journey of CDF trading.
Challenges of 101Investing
- Swap rate: Fees on overnight lending services by the broker is a bit higher than the average in the industry but there are discounts offered. The swap fees are understandable given the high regulatory compliance and prime brokerage services provided by 101Investing.
- Customer support: 101Investing currently offers customer support only five days a week (Monday through Friday) from 07.00 hrs. to 17.00 hrs. This is one area that the firm could improve to compete against other prime brokers and get ahead.
Frequently asked questions (FAQs)
- Is 101Investing available to U.S. traders?
No. At the moment 101Investing is only available in select countries in the E.U., Switzerland, and the United Kingdom.
- Who are the payment service providers of 101Investing?
FXBFI Broker Financial Invest Ltd payment providers include Inpay, eMerchant Pay, Trustly, KoalaPays, UPayCard, and SafeCharge.
- How much does the Compensation Fund cover?
Retail traders and their co-beneficiaries are covered up to €20,000 if the broker fails to meet his obligations due to fraud or bankruptcy.
101Investing is one of the most trustworthy and highly regulated brokers in Europe meaning it is safe to deposit and trade on the platform. The Cyprus-based firm cons can be easily overlooked (all CDF trading brokers have challenges) given the safety, efficiency, and speed of execution the broker offers.
Further information on 101Investing can be drawn from the company’s address: [email protected].
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.