101investing Forex Broker
Basic Information
Cyprus
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
101Investing Forex Broker - Complete Information Guide
1. Broker Overview
101Investing is a well-established online trading platform operated by FXB FI Broker Financial Invest Ltd, which was founded in 2016. The broker is headquartered in Limassol, Cyprus, and is privately held. Catering primarily to clients across the EU, EEA, and Switzerland, 101Investing has rapidly developed a reputation for providing a comprehensive trading environment.
Since its inception, 101Investing has achieved several significant milestones, including recognition as the Best New Broker in Europe and the Best Cryptocurrency Broker at various industry awards in 2020. The firm operates under a STP (Straight Through Processing) model, allowing it to facilitate retail forex trading and provide access to a wide range of financial instruments.
The company's commitment to regulatory compliance and customer service has helped it gain traction among both novice and experienced traders. With a focus on transparency and security, 101Investing has positioned itself as a reliable choice for traders looking to engage in the financial markets.
2. Regulatory and Compliance Information
101Investing is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 315/16. This regulatory oversight ensures that the broker adheres to strict guidelines designed to protect investors and maintain market integrity. The CySEC is recognized as a tier-one regulator, providing an additional layer of confidence for clients.
In addition to its CySEC license, 101Investing is a member of the Investor Compensation Fund (ICF), which offers compensation of up to €20,000 to clients in the unlikely event that the broker fails to meet its financial obligations. This is a crucial feature for traders seeking security for their investments.
The broker employs robust KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures to ensure the legitimacy of its operations. Client funds are held in segregated accounts with reputable financial institutions, further safeguarding against potential risks.
3. Trading Products and Services
101Investing provides a diverse range of trading products, allowing clients to engage in CFD (Contract for Difference) trading across various asset classes. The broker offers access to over 250 financial instruments, including:
- Forex: More than 45 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.
- Cryptocurrencies: Trading on over 20 popular cryptocurrencies, including Bitcoin and Ethereum.
- Commodities: A selection of over 15 commodities, including gold, silver, and oil.
- Stocks: Access to 75+ global stocks, including major companies like Facebook and Amazon.
- Indices: Trading on well-known indices such as the FTSE 100 and DAX 30.
The broker continuously updates its product offerings to meet the evolving needs of its clients, ensuring a comprehensive trading experience. Retail trading services are readily available, and institutional client services are also provided upon request.
4. Trading Platforms and Technology
101Investing supports the widely acclaimed MetaTrader 4 (MT4) platform, which is favored by traders worldwide for its advanced features and user-friendly interface. The platform is available in several formats:
- Desktop Application: Downloadable for Windows and Mac, offering full functionality.
- WebTrader: Accessible through any modern web browser, eliminating the need for downloads.
- Mobile Application: Available for both iOS and Android, allowing traders to manage their accounts on the go.
The MT4 platform includes various execution modes, advanced charting capabilities, and numerous analytical tools, making it suitable for both beginners and experienced traders. Additionally, 101Investing provides access to automated trading options, including expert advisors and algorithmic trading strategies.
5. Account Types and Trading Conditions
101Investing offers four distinct account types to cater to varying trader needs:
- Silver Account: Minimum deposit of $250, leverage of up to 1:30, with spreads starting from 0.07 pips.
- Gold Account: Minimum deposit of $250, leverage of up to 1:400 for professional clients, with spreads starting from 0.05 pips and a 25% swap discount.
- Platinum Account: Minimum deposit of $250, leverage of up to 1:500 for professional clients, with spreads starting from 0.03 pips and a 50% swap discount.
- Pro Exclusive Account: Requires a portfolio of over $500,000, offering leverage of up to 1:500 and spreads starting from 0.03 pips.
All accounts are available as Islamic accounts, which comply with Sharia law, meaning no swap fees are charged. A demo account is also available for traders to practice their strategies without risking real capital.
6. Fund Management
101Investing supports a variety of deposit methods, ensuring convenience for its clients. The available deposit options include:
- Credit/Debit Cards: Visa, Mastercard, Maestro.
- Bank Transfers: Standard bank transfer options.
- E-Wallets: Services such as Skrill, Emerchantpay, Safe Charge, and Worldpay.
The minimum deposit requirement is $250, regardless of the account type chosen. Deposits are generally processed instantly, and 101Investing does not charge any fees for deposits.
Withdrawals can be made through the same methods, with no minimum or maximum limits on withdrawal amounts. However, the broker reserves the right to charge a €50 fee for withdrawals if there has been insufficient trading activity on the account. Withdrawal requests are typically processed on the same day, with the time taken for funds to reach the client's account varying by method.
7. Customer Support and Educational Resources
101Investing provides robust customer support, available through multiple channels:
- Phone: +357 80092740
- Email: support@101investing.com
- Live Chat: Accessible directly from the website.
Customer service is available on weekdays from 09:00 to 23:00 GMT+3 and on weekends from 11:00 to 20:00 GMT+3. The support team is multilingual, catering to a diverse client base.
In addition to customer support, 101Investing offers a wealth of educational resources, including webinars, tutorials, e-books, and market analysis tools. These resources are designed to enhance traders' skills and knowledge, making it easier for both new and experienced traders to navigate the financial markets.
8. Regional Coverage and Restrictions
101Investing primarily serves clients in the EU, EEA, and Switzerland. The broker has a presence in various countries across Europe, providing localized support and services. However, it does not accept clients from certain regions, including the USA, Belgium, and France.
The broker's regulatory framework and operational structure are designed to comply with local laws and regulations, ensuring that clients are protected while trading on the platform.
In conclusion, 101Investing broker offers a comprehensive trading experience characterized by a wide range of financial instruments, robust regulatory compliance, and a commitment to customer support and education. Whether you are a beginner or an experienced trader, 101Investing provides the tools and resources necessary to succeed in the dynamic world of online trading.
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Latest Reviews
Gary
Argentina
I am surprised that the regulation license of this broker is cloned. But for us ordinary investors, how are we going to identify them? Thanks to Wikifx for helping us...
37130
2023-02-14
炫目
Hong Kong
The spreads were always low and the price feed was stable at the start of my trading on this platform. I mean it was good, but now it became a shameless broker. They manipulated the price and closed my positions arbitrarily, like many other brokers. THIS 101 INVESTING HAS NO HEARTS NOW.
37130
2023-03-23