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101FX Forex Broker provides real users with * positive reviews, * neutral reviews and 2 exposure review!

101FX Broker Review

1.54

WikiFX monitor

Business

Influence E

License

No license

101FX Review 2

Latest All(2) Exposure(2)
Exposure
I wanna know that we can not withdraw funds bcause of Covid?

Unable to trade normally. All our orders have been cancelled throughout the day. We didn’t make a withdrawal request until March 19th. And we have been approved to withdraw from the broker. But until today we have not received any money. The other thing is that we have not been able to enter the system until today. Unable to trade normally, so we notified the broker that we could not log in. The agent called back saying that there is a very serious coronavirus outbreak in New York. The system cannot be repaired, so it is impossible to enter the system, trade and even withdraw money for us. So, we doubt whether the broker should have a system to support more investors? Then we asked to withdraw more than $25,000, and the broker did the inspection without a license at all. But the agent said that Saint Vincent had a requirement. What's the problem, broker?

FX1206580902
2021-06-30
Exposure
I can't withdraw funds

I applied for withdrawal but I've received nothing. And we can't login now for they said the bug couldn't be fixed for Covid.

FX1206580902
2021-05-28

  

101fx 2025 Review: Everything You Need to Know

  

Executive Summary

  This comprehensive 101fx review evaluates a forex broker that positions itself in the competitive online trading market. Based on available information from industry sources including WikiFX and ForexBrokerz, 101fx presents itself as a trading platform offering forex and CFD services to retail traders. However, our analysis reveals significant information gaps regarding regulatory status, company background, and operational transparency. Potential traders should carefully consider these concerns before making any decisions.

  The broker appears to target retail traders seeking forex and CFD trading opportunities. Specific details about account conditions, trading platforms, and customer support remain largely undisclosed in publicly available sources, which raises immediate red flags. According to WikiBit and other industry monitoring platforms, questions have been raised about the broker's legitimacy and regulatory compliance. This forms a crucial part of our evaluation process.

  Our assessment indicates that while 101fx may offer trading services, the lack of transparent regulatory information presents considerable concerns. The limited verifiable operational details make this broker unsuitable for most traders. Traders should exercise heightened caution and conduct thorough due diligence before considering this broker for their trading activities, as the risks appear to outweigh any potential benefits.

  

Important Notice

  Regional Entity Differences: Due to limited regulatory information available about 101fx, users in different jurisdictions may face varying legal and compliance risks. The regulatory landscape for online forex brokers differs significantly across regions, making it essential for traders to understand their local requirements. Traders should verify local legal requirements before opening accounts with any broker that lacks clear regulatory oversight.

  Review Methodology: This evaluation is based on publicly available information from industry monitoring websites, regulatory databases, and forex broker review platforms as of 2025. Given the limited verifiable information about 101fx, this review emphasizes the importance of transparency and regulatory compliance. The lack of comprehensive data itself represents a significant concern that potential clients should consider when evaluating this broker option.

  

Overall Rating Framework

Evaluation Criteria Score Rating Basis
Account Conditions 3/10 Limited information available about account types and conditions
Tools and Resources 2/10 Insufficient data on trading tools and educational resources
Customer Service 2/10 No verifiable information about support channels or quality
Trading Experience 3/10 Platform details and execution quality unspecified
Trust and Safety 1/10 Lack of clear regulatory oversight and transparency concerns
User Experience 2/10 Limited user feedback and unclear operational procedures

  

Broker Overview

  101fx operates as an online forex and CFD broker targeting retail traders seeking access to global financial markets. Comprehensive details about its establishment, corporate structure, and operational history remain largely undisclosed in available public sources, which immediately raises concerns about transparency. The broker's website and promotional materials suggest it offers trading services in foreign exchange markets and contracts for difference.

  The company's background information, including founding date, headquarters location, and management team details, are not readily available through standard industry channels. This absence of basic corporate information makes it impossible to verify the broker's legitimacy and track record through normal due diligence processes. Regulatory filings and official company documentation are similarly absent from publicly accessible sources.

  According to industry monitoring platforms such as WikiFX and WikiBit, 101fx has attracted attention from regulatory watchdogs and trader advocacy groups. Questions surrounding its authorization status and compliance with international financial regulations have been raised by multiple sources. The broker's business model, whether market maker or ECN/STP, remains unspecified in available documentation.

  This makes it difficult for traders to understand the execution environment they would be entering. The absence of clear information about trading platforms, asset coverage, and regulatory oversight creates uncertainty about the broker's actual service offerings. These factors form a critical component of this 101fx review assessment and highlight the risks associated with choosing this broker.

  

Detailed Broker Information

  Regulatory Status: Available sources indicate significant concerns about 101fx's regulatory compliance and authorization status. Industry monitoring platforms have flagged potential issues with the broker's regulatory standing, though specific violations are not detailed in accessible documentation. The lack of clear regulatory oversight from recognized authorities represents a major red flag for potential clients.

  Deposit and Withdrawal Methods: Information about funding options, processing times, and associated fees for deposits and withdrawals is not clearly specified. This creates uncertainty about account funding procedures and potential difficulties in accessing funds. Traders cannot assess the convenience or cost-effectiveness of the broker's payment systems.

  Minimum Deposit Requirements: Specific minimum deposit amounts for different account types are not disclosed in publicly available information. This makes it difficult for potential traders to assess accessibility and plan their initial investment. The absence of clear deposit requirements also suggests poor operational transparency.

  Promotional Offers: Details about welcome bonuses, trading contests, or other promotional incentives are not clearly outlined in available materials. While some brokers use promotions to attract clients, the lack of clear terms raises questions about potential hidden conditions. Traders should be cautious about any promotional offers that lack transparent terms and conditions.

  Trading Assets: While the broker appears to offer forex and CFD trading, the specific range of available instruments remains unclear. Currency pairs, commodities, indices, and other trading instruments are not comprehensively detailed in accessible sources. This lack of clarity makes it impossible to assess whether the broker meets specific trading needs.

  Cost Structure: Information about spreads, commissions, overnight fees, and other trading costs is not transparently disclosed. This makes cost comparison with other brokers challenging and potentially exposes traders to unexpected fees. Hidden costs can significantly impact trading profitability and overall client satisfaction.

  Leverage Options: Maximum leverage ratios and margin requirements are not clearly specified in available documentation. This leaves traders uncertain about position sizing capabilities and risk management options. Proper leverage information is essential for traders to manage their risk exposure effectively.

  Platform Options: Details about trading platforms, whether proprietary or third-party solutions like MetaTrader, are not clearly indicated. Platform quality directly affects trading experience and execution capabilities. The absence of platform information makes it impossible to assess the technical trading environment.

  Geographic Restrictions: Specific countries or regions where 101fx services are restricted or unavailable are not clearly outlined. This creates legal uncertainty for international traders and potential compliance issues. Traders may unknowingly violate local regulations by using services not authorized in their jurisdiction.

  Customer Support Languages: Information about multilingual support options and communication channels is not readily available in public sources. This comprehensive 101fx review highlights these significant information gaps that potential traders must consider. The lack of clear support options suggests potential communication difficulties for international clients.

  

Account Conditions Analysis

  The evaluation of 101fx account conditions reveals substantial information gaps that raise serious concerns about operational transparency. Unlike established brokers that clearly outline their account structures, 101fx provides limited verifiable information about its offerings. This lack of transparency makes it impossible for potential traders to make informed decisions about account suitability.

  Standard account types, such as basic, premium, or VIP tiers, are not clearly differentiated or described in available materials. The absence of clear account information extends to important details such as minimum trade sizes and maximum position limits. Account maintenance requirements and associated fees remain similarly unclear.

  Additionally, specialized account options that many brokers offer are not mentioned in accessible documentation. Islamic accounts for Muslim traders and managed account services appear to be unavailable or undisclosed. The account opening process, including required documentation and verification procedures, remains unclear based on available information.

  According to industry monitoring sources referenced in this 101fx review, the lack of transparent account information has been noted as a concern. Trader advocacy groups have highlighted this opacity as a significant red flag for potential clients. This makes it challenging for traders to understand what services and features they would receive at different investment levels.

  

Tools and Resources Analysis

  The assessment of trading tools and educational resources offered by 101fx reveals limited publicly available information about trader support. Established brokers typically provide comprehensive suites of analytical tools and market research to help their clients succeed. The absence of such resources suggests a lack of commitment to trader development and success.

  Market analysis resources, such as daily market commentary and economic calendars, are not clearly outlined in accessible broker materials. Educational content, including webinars and trading guides that help new traders develop skills, appears to be absent from standard channels. This lack of educational support puts new traders at a significant disadvantage.

  Advanced trading tools such as automated trading capabilities and custom indicators are not mentioned in available documentation. Risk management tools and portfolio analysis features, which are crucial for professional trading, are similarly absent from accessible sources. The broker appears to offer only basic trading functionality without comprehensive analytical support.

  The broker's research and analysis capabilities are not evident in publicly available information. Partnerships with third-party research providers or in-house analyst teams are not mentioned in accessible documentation. This lack of educational and analytical support resources represents a significant limitation for traders seeking comprehensive assistance and market insights.

  

Customer Service and Support Analysis

  Customer service evaluation for 101fx is severely limited by the lack of accessible information about support quality and availability. Professional forex brokers typically maintain multiple communication channels including live chat and telephone support. The absence of clear contact information raises concerns about clients' ability to receive timely assistance when needed.

  Support availability, including business hours and response time commitments, is not clearly specified in available documentation. Weekend coverage and emergency support options are similarly unclear based on accessible materials. Without reliable support, traders may face significant difficulties during critical market periods or technical issues.

  Multilingual support capabilities, which are essential for international brokers, are not detailed in accessible materials. International clients cannot assess whether they would receive adequate assistance in their preferred language. This language barrier could create significant communication difficulties for non-English speaking traders.

  Problem resolution procedures and complaint handling mechanisms are not outlined in available documentation. The lack of transparent customer service information represents a significant concern highlighted in this 101fx review. Reliable support is crucial for addressing trading issues and technical difficulties that may arise during normal operations.

  

Trading Experience Analysis

  The evaluation of trading experience with 101fx faces significant limitations due to insufficient publicly available information about platform performance. Professional trading experience depends on factors such as platform stability and order execution speed. The absence of performance data makes it impossible to assess the quality of the trading environment.

  Platform reliability and uptime statistics are not disclosed in accessible documentation. Traders cannot determine whether they can depend on consistent platform availability during critical market periods. Order execution quality metrics, including average execution speeds and slippage rates, are similarly unavailable for evaluation.

  Trading platform features, such as charting capabilities and technical indicators, are not detailed in available sources. Mobile trading capabilities and cross-platform synchronization are not clearly described in accessible materials. Modern traders require these features for effective market participation and portfolio management.

  Market depth information and liquidity provider relationships that affect trading costs are not transparently disclosed. The absence of verifiable trading performance data and client testimonials makes assessment impossible. This lack of trading experience information represents a critical concern addressed in this 101fx review and suggests potential execution quality issues.

  

Trust and Safety Analysis

  The trust and safety evaluation of 101fx reveals substantial concerns that potential traders must carefully consider before proceeding. Regulatory oversight forms the foundation of broker trustworthiness in the financial services industry. Available information suggests significant gaps in 101fx's regulatory compliance and operational transparency.

  Industry monitoring platforms including WikiFX and WikiBit have raised serious questions about the broker's regulatory status. The absence of clear regulatory licenses from recognized authorities such as the FCA or CySEC represents a major red flag. Without proper regulatory oversight, traders have limited recourse if problems arise with their accounts or funds.

  Client fund protection measures, such as segregated account arrangements and deposit insurance, are not clearly outlined in available documentation. These protections are crucial for safeguarding trader funds in case of broker financial difficulties. The lack of fund protection information suggests that client money may not be adequately secured.

  Corporate transparency, including company registration details and management information, appears limited based on publicly available sources. The absence of verifiable company background information makes it difficult to assess the broker's stability. Third-party audits and regulatory compliance reports that established brokers provide are not evident in accessible documentation.

  

User Experience Analysis

  User experience assessment for 101fx is constrained by limited available feedback and insufficient information about client processes. Comprehensive evaluation typically includes analysis of account opening procedures and platform usability. The absence of detailed process information suggests potential difficulties in client onboarding and service delivery.

  The account registration and verification process details are not clearly outlined in accessible documentation. Document requirements and approval procedures remain unclear based on available information. This lack of clarity could lead to delays and frustration during the account opening process.

  Platform usability factors such as interface design and navigation efficiency are not detailed in publicly available sources. The absence of user interface screenshots and platform demonstrations limits evaluation of the trading environment's user-friendliness. Traders cannot assess whether the platform meets their technical requirements and preferences.

  Client satisfaction indicators, including user reviews and testimonials, are notably absent from available sources. This lack of verifiable user experience data makes it challenging to assess actual client satisfaction levels. Overall service quality metrics are not transparently disclosed, limiting the ability to evaluate the broker's commitment to client satisfaction and service excellence.

  

Conclusion

  This comprehensive 101fx review reveals significant concerns about the broker's transparency, regulatory compliance, and operational legitimacy. The substantial gaps in publicly available information about regulatory status and corporate background represent major red flags. Potential traders must carefully consider these serious limitations before making any trading decisions.

  The broker appears to target retail traders seeking forex and CFD trading opportunities without providing adequate transparency. The lack of clear regulatory oversight and transparent operational information makes it unsuitable for traders who prioritize safety. The absence of verifiable user feedback and limited service details further compound these significant concerns.

  Primary advantages identified include the broker's apparent focus on forex and CFD markets, though specific benefits cannot be verified. Major disadvantages include the lack of regulatory transparency, insufficient operational details, and concerns raised by industry monitoring platforms. The combination of these factors creates an unacceptable risk profile for most traders.

  Based on this analysis, traders are strongly advised to consider well-regulated alternatives with transparent operations and verified track records. The risks associated with 101fx appear to significantly outweigh any potential benefits for retail traders. Choosing a properly regulated broker with clear operational transparency should be the priority for anyone seeking to trade forex or CFDs safely and effectively.

101FX review