101Investing: New crypto broker tested

101Investing is a young CFD-broker based in Cyprus. Started in June 2020, the broker offers more than 250 CFDs on different asset classes.

• Commodities
• Metals
• Stocks
• Cryptocurrencies
• Indices
• Forex

101Investing traders have access to CFD markets, with the chance to access variety of assets on CFDs and competitive features and services. With +20 CFDs on cryptocurrencies, the platform is also covering this CFD market. The following cryptocurrencies are available:

• USD: BAB, BTC, BTG, DASH, ETC, ETH, IOT, LSK, LTC, NEO, XLM, XMR, XRP, ZEC.
• EUR as well as GBP: BTC, DSH, ETC, ETH, LTC, XRP.

In addition to CFDs on cryptocurrencies, 101Investing also offers other assets on CFDs to potentially diversify your portfolio. 101Investing offer access to platform with different analysis tools available at your fingerprints.

The leverages for retail investors are customized to the asset classes and are composed as follows:

• 1:30 for important trading pairs
• 1:20 for less relevant currency pairs, Gold and important indices 
• 1:10 for all commodities (except Gold) and less relevant indices
• 1:5 for stocks 
• 1:2 for cryptocurrencies

Click here to sign up at 101Investing

Different CFD account types, choose the one that best reflect you trading needs and budget

101Investing offers 4 account types with different features. This enables traders to choose the one that best reflect their trading goals. Each account determines services available to you and features. The account types are as follows:

Silver

With the silver account, you get access to the CFD market with over 250 assets on CFDs available. But there is no swap discount (means discount if positions are opened overnight). The are no commissions charged to clients, but other fees are applicable, and the spreads start at 0,07 pips. The available leverage lies at 1:30 for both professional and retail clients

Gold

The Gold account has more flexible features and advanced trading environment. The swap discount amounts 25%. You get spreads starting from 0.05 and leverage up to 1:400/1:500 for professional clients.

Platinum

As a platinum user, you get spreads starting at 0,03 pips. a swap discount of 50% in addition to the features of the gold account.

Pro

This account type is only for professionals’ clients. The leverage goes up to 1:500. You need to meet at least two of the following criteria:

• Scope of Trading Volumes: Proof of transactions in significant size on the relevant markets at an average frequency of 10 per quarter over the previous four quarters.
• Scale of investments: Proof that your financial portfolio size exceeds 500,000 EUR.
• Financial Sector Experience: Proof that you work or have worked in the financial sector for at least one year in a professional position that requires knowledge of the transactions or services under consideration.

Demo account

101Investing also offers a demo account to try platform features and various features.

All account types are also available as an Islamic account for the traders whose moral imperative is Shariah law. 101Investing supports various languages: English, German, Portuguese, Spanish, Italian and others.

Interfaces

Metatrader 4

101Investing supports the popular trading platform Metatrader 4 (MT4). It can be used with the web or the download version. MT4 offers various features like 50 editable market indicators and automatized trading. 

Mobile App

The 101Investing mobile app is available for iOS and Android. It allows trading from wherever you are. When connecting with the MT4 trading platform, you get nearly endless features.

101Investing fees

Firstly, there is no commission or depositing fee, when trading with 101Investing. Like most trading platforms, 101Investing makes its profit from the spread (the difference between buying and selling price). The spread gets lower with higher account levels. The exact spreads for the different asset classes can be found on the website. Minimum deposit of 250 USD or the relevant currency equivalent.

It is important to be aware of the inactivity fees. If you don’t use the platform for a longer time, you pay the following fees:

• More than 61 days inactive: retroactive (to the first month): €160 fee.
• More than 91 days inactive: €120 per month.
• More than 181 days inactive: €200 per month.
• More than 271 days inactive: €500 per month.

Besides, there are swap fees for positions which are left open overnight. As already mentioned, you get a discount on this fee with a higher account level.

Depositing methods

101Investing offers common depositing methods. Deposits are available via credit card (VISA / Mastercard), Skrill, eMerchantPay, Skrill, SafeCharge, Worldpay Solidpay and others.

Regulation Adherence

101Investing is operated by FXBFI Broker Financial Invest Ltd, the company is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 315/16 with headquarters in Limassol, Cyprus. The company is subject to strict regulations and guidelines. The company can offer cross border services to specific member states. The license is tied to high conditions, which are reviewed again and again.

The company is also a member of the Investor Compensation Fund (ICF). The objective of the ICF is to secure any claims of the covered clients against its members. The maximum amount of compensation that may be paid to a covered client is EUR 20,000 for covered services.

Click here to sign up at 101Investing

Result

In our opinion, 101Investing is a useful broker that fits a wide spectrum of traders. Different types of traders can choose the account that best reflects their trading budget and needs. Get also access wide range of asset CFD classes to trade through CFDs. The fees of the broker are in the usual range or rather on the cheaper side. A point of criticism here is the expensive inactivity fees. But this is something that other brokers also have.

Demo accounts, webinars, and videos to enhance your knowledge to a foothold in the trading world. The large number of languages supported by the platform is also useful. MT4 makes handling particularly flexible and intuitive.

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89 % of retail investor accounts lose money when trading CFDs.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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