A tier-one broker offering over 250 CDFs in five major categories including precious metals, stocks, index funds, cryptocurrencies, and forex
101Investing is the brand name 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.
The first main concern for traders is the safety of funds. 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 – meaning that
it has to comply with strict laws and regulations.
Given the strict legal boundaries, the broker only provides services to users in the European Economic Area, Switzerland, and the United Kingdom only.
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.
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.
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;
101Investing also includes a swap-free Sharia account for Islamic customers.
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.
No. At the moment 101Investing is only available in select countries in the E.U., Switzerland, and the United Kingdom.
FXBFI Broker Financial Invest Ltd payment providers include Inpay, eMerchant Pay, Trustly, KoalaPays, UPayCard, and SafeCharge.
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 a well-established and regulated broker meaning that it has to follow strict rules and procedures. The Cyprus-based firm cons can be easily overlooked (all CDF trading brokers have challenges) given the efficiency, and speed of execution the broker offers.
Further information on 101Investing can be drawn from the company’s address: www.101investing.com
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