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Are you a beginner and wondering if 101Investing is the right platform for your needs? To answer this question, and many more, you can read our review, where we will explain how it works, what accounts are available and if it is properly authorized.
Let's start by saying that 101Investing is managed by the parent company FXBFI Broker Financial Invest. The broker offers access to various CFD instruments and financial markets around the world.
Anyone can start using 101Investing, as the platform suits a wide variety of investors, who are looking for safe and reliable ways to build up extra income online. In addition, the broker also engages in training its less experienced users, guiding them to success.
In this review, you will find all the information you need to open an account on this popular trading platform and some tips for getting higher returns.
What is 101Investing?
101Investing is a regulated broker based in Cyprus and has been offering CFD trading to all its users since 2016. Among the instruments that can be traded are cryptocurrencies, indices, Forex, stocks and commodities.
101Investing's parent company is also a member of the Investor Compensation Fund (ICF). There are so many features that 101Investing offers to its users that have made it such a popular broker, among others we mention the test account, a wide range of assets, high leverage, prices on average with the competition and an excellent customer support service.
At 101Investing, trading is done via MT4, the world's most popular platform, which is available for PCs and mobile devices. In addition, many user training materials are also offered, such as courses, tutorials and videos.
Is 101Investing a Scam?
101Investing is not a scam. The broker has been around for several years already and is licensed by the CySEC of Cyprus. FXBFI Broker Financial Invest is owned by 101Investing and holds a valid license number. Usually, when this happens, a broker can be considered absolutely safe and reliable. The only thing a trader should worry about, in fact, is whether the broker he decides to use is not regulated.
- 101Investing is a trading company licensed by CySEC of Cyprus
- It offers MetaTrader 4 as a user-friendly trading platform
- Less experienced traders can learn the basics of trading via its extensive educational section
How does 101Investing work?
101Investing is one of the many other trading platforms out there that offers its subscribers the ability to use MetaTrader 4. Obviously, this doesn't surprise us at all. MT4 is now an industry standard when it comes to online trading platforms.
MetaTrader 4 is available for both desktop PC and mobile platforms. Its software is based on highly stable and reliable advanced technology. 101Investing, on the other hand, has not yet adapted its software to the next platform, namely MT5, but which is not yet as widespread as its predecessor.
Especially useful is the mobile trading platform. This allows anyone to trade on the go or simply to monitor their account and check market trends.
How to open an account with 101Investing?
101Investing offers the possibility to open different types of accounts, based on your experience level. There are 5 different types of accounts available. It starts with the Silver account, which is aimed at beginners. While Gold, Platinum and Pro accounts are available for professionals.
For most traders, the Silver account will be more than enough. The biggest difference between the types of accounts can be seen in the leverage offered and the entry cost. The Silver account spreads are more than decent and the maximum leverage goes up to 1:30.
The fifth and final type of account is the demo account, which users can use to get started with the trading platform. While there are several accounts to choose from, the sign up process is identical for all of them.
Registration
The first thing to do is log into the 101Investing website and click on the blue Open Account button at the top right. We will then be redirected to the account opening page, where we will have to enter our basic information, answer a short questionnaire and upload the required documents. At this stage it will also be necessary to choose the type of account you want to open.
To deposit
At this point all that remains is to decide how much to invest. If you are a beginner trader and have chosen to open a Silver account, the minimum deposit must be equal to or greater than 250 euros or equivalent currency. Deposits and withdrawals can be made by choosing from a wide variety of methods. Credit and debit cards are included, but also electronic wallets such as Skrill or the classic bank transfer. There are no commissions to pay for deposits and withdrawals.
Invest
101Investing offers the possibility to do live trading immediately, but we advise the less experienced to first practice with the demo account. This offers a chance to test MT4 before risking your own money. Once you feel comfortable, have learned the basics of trading and also some advanced information, as well as consulted the information material offered by 101Investing, you can also switch to the live version to earn real money.
Key features of 101Investing
101Investing offers its users several important key features. Thanks to them, the platform has acquired more and more popularity over time, as demonstrated by the excellent reviews that are found online.
Customer service
Available assets
Withdrawal and deposits
Financial leverage
User training
Account protection and security
Does 101Investing offer a mobile app?
Yes, 101Investing offers MetaTrader 4 as a trading platform and as mentioned above, this is also available for tablets and smartphones in the form of an app to download to your portable devices.
Although the mobile version is not as perfect as the desktop version, it is very useful to stop a trade that for example is not going as expected or to verify the correct execution of some trades.
Our verdict
From the information gathered during our investigation, we can say that 101Investing is a safe and reliable broker with regular authorization. In addition, it enjoys excellent online popularity and the overall score given to the platform by several independent industry magazines is more than positive.
Among the most interesting features offered by this broker we remember a wide variety of negotiable instruments and MT4 as a platform for online trading, equipped with a simple interface, but also with many advanced tools.
Traders can decide to enter the world of trading starting with a minimum investment of 250 euros or equivalent currency and choosing a basic account like the Silver one, which offers a maximum leverage of 1:30.
Before starting to invest their savings, we advise new users to take a look at the extensive training section offered by the broker, in which there are many materials that help to increase their knowledge. Click on the button below to register for free on the 101Investing website.
FAQ
Is 101Investing a Scam?
101investing is based in Cyprus and the parent company is regulated by the CySEC (Cyprus Securities and Exchange Commission). The license number for trading regularly as a broker is 315/16. This means that the broker is safe and reliable.
What types of accounts are available on 101investing?
There are 4 types of accounts, plus a trial demo account. Accounts range from beginners, Silver, to professionals divided into Gold, Platinum and Pro. Silver accounts can adopt a maximum leverage of 1:30, while for professionals it rises to 1: 500.
What platforms are available on 101investing?
101investing offers the possibility to trade with MT4, the most popular online trading platform in the world. At the moment, we don't know if MT5 will also be included in the offer.
