Information
Trade Forex Review of 101investing
Introduction to 101investing
101investing is a Forex broker that was established in Cyprus in the year 2016. In this comprehensive review, we will delve into various aspects of this broker’s services and offerings. Please note that 101investing does not extend its services to certain countries, including Japan, Canada, Hong Kong, the USA, the UK, as well as some EU member states such as Belgium and France.
Regulation and Security
One of the foremost concerns for traders is the regulatory status of a broker. In the case of 101investing, it is regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulation ensures that the broker operates within established legal frameworks and adheres to industry standards. Furthermore, 101investing is registered with other regulatory bodies such as CNMV (Spain), FI (Sweden), Finanstilsynet (Norway), FSA (Denmark), FMA (Austria), HANFA (Croatia), BaFin (Germany), CONSOB (Italy), KNF (Poland), and more.
Client funds are securely held in segregated accounts with top-tier banks, providing an extra layer of protection for traders. Additionally, in the unfortunate event of broker insolvency, 101investing participates in the CIF compensation scheme to safeguard clients’ investments.
Leverage and Trading Instruments
In accordance with the regulations under MiFID II and ESMA, 101investing offers different leverage levels based on the asset class:
- Major currency pairs: Up to 1:30
- Other currency pairs and stock indices: Up to 1:20
- Commodities and energy: Up to 1:10
- Stocks: Up to 1:5
- Cryptocurrencies: Up to 1:2
However, for professional traders, the leverage can be increased significantly, up to 1:200 for currency pairs, 1:50 for commodities, energy, and stock indices, and 1:10 for stocks.
Trading Instruments
101investing provides access to a diverse range of over 350 CFDs (Contracts for Difference) on popular assets. These assets encompass Forex, cryptocurrencies, commodities, stocks, and indices, offering traders a broad spectrum of trading opportunities.
Trading Platforms
The broker offers the widely acclaimed MetaTrader 4 (MT4) trading platform. This platform is accessible via Windows desktops, web terminals, and mobile applications, providing traders with flexibility and convenience.
Account Types
101investing offers four distinct types of trading accounts to cater to the varying needs of traders:
- Silver Account: This account features an average spread of 2.2 points for EURUSD.
- Gold Account: It offers an average spread of 1.3 points for EURUSD and a 25% swap discount.
- Platinum Account: With an average spread of 0.7 points for EURUSD, this account includes a 50% swap discount and a free VPS.
- Pro Account: Designed for professional traders, it offers improved trading conditions such as leverage up to 1:500, high-speed transaction execution, and narrow spreads starting from 0.03 points.
Additionally, there is an Islamic account available for Muslim traders across all account types.
Minimum Deposit
Traders can begin their journey with 101investing by making a minimum deposit of $100. The broker accepts various deposit methods, including bank transfers, Visa/MasterCard credit and debit cards, as well as Skrill and Neteller e-wallets.
Concluding Thoughts
In summary, 101investing is a European CFD and Forex broker established in Cyprus in 2016 and regulated by CySEC. It caters exclusively to EU clients, offering leverage limits of 1:30 for retail traders and up to 1:200 for professional traders. The broker’s strengths lie in its extensive range of trading instruments, including stocks and cryptocurrencies.
Before making a decision, we recommend reading reviews of 101investing and consulting our rating of Forex brokers for further insights.
General Information – 101investing
- Broker Name: 101investing
- Year of Foundation: 2016
- Headquarters: Cyprus
- Regulation: CySEC
- Trading Platforms: MT4
- EURUSD Spread: 2.2 pips
- Demo Account: Available
- Minimum Deposit: $100
- Base Currencies: USD, EUR, GBP
- Maximum Leverage: 1:200
- Assets: Currency pairs, indices, stocks, metals, cryptocurrencies
- Deposit Replenishment: BankTransfer, Visa/MasterCard, Skrill, Neteller
- Withdrawal Fee: Not specified
- Payment for Inaction: Available
- Islamic Accounts: Available
- Segregated Accounts: Available
- PAMM Accounts: Not specified
- Partner Account: Available
- Scalping: Permitted
- Automatic Trading: Available
- Mobile Trading: Available
- Web Terminal: Available
- Social Trading: Not specified
- Signals: Not specified
- VPS: Available
- Deposit Bonuses: Not specified
- Contests: Not specified
- Support 24/5: Available
Please note that the information provided here is accurate as of my knowledge cutoff date in January 2022. Be sure to verify the latest details directly from 101investing’s official website or contact their customer support for any updates or changes since then.
