Interested in 101Investing? Our experts have reviewed both, and their tests show that FXTM is a stronger broker right now.
If you are looking to trade on 250+ CFD products with a tier-one regulated broker and €100 in your trading account, then you should consider 101investing, the trading name of FXBFI Broker Financial Invest Ltd. Following our extensive study, ForexFraud is confident that this CFD broker is genuine and clients can deposit funds without any hassle.
Not only is FXBFI authorised by the Cyprus Securities and Exchange Commission (CySEC), but the firm is also under the regulations of the Australian Securities and Investments Commission (ASIC) and the Financial Markets Authority (FMA) in New Zealand, making it completely secure.
101investing provides all clients with access to the world’s number one CFD trading platform, MetaTrader 4. This cutting-edge platform comes with a host of in-built analytical tools and trading robots that support beginners and experts alike.
When it comes to the trading conditions, the account type typically dictates the spreads and the other features such as swap discount, free VPS, personal account manager and investment news updates. Clients have the choice of four account types plus the Sharia or the swap-free account. The broker offers all clients, retail and professional, negative balance protection, but only the former comes under the protection of the Investor Compensation Fund (ICF).
101investing does not charge commissions on any of the financial instruments, and the fees are more or less in line with what other CFD brokers charge. In terms of education and learning, this broker provides quite a few resources for both beginners and experienced traders. The customer support channels comprise live chat, phone, email and the Contact Us form. The broker has limited the client helpdesk timings to 7:00am-5:00pm GMT, which may not be the best option considering that the majority of forex brokers offer 24/5 client support.
If you wish to sign up with 101investing, make sure that you either reside in the UK, Switzerland or the EU countries in which the CFD broker operates. This is because 101investing is currently focusing on clients only from this region – others are not encouraged.
Based on our review of 101investing, here is a summary of the Europe-based broker. 101investing is the trading name of FXBFI Broker Financial Invest Ltd, a Cyprus-based firm authorised and regulated by the CySEC. The CFD broker offers traders a choice of four accounts – Silver, Gold, Platinum and the Pro or VIP – and also the Sharia or swap-free account. While the Silver account is for beginner/exerienced clients, the others cater to professional clients.
You can trade in 250+ products across forex, commodities, cryptocurrencies, indices and stocks with a minimum deposit of €100. 101investing offers only the basic version of the MT4 platform for all clients.
However, the cutting-edge trading platform packs a punch with its array of trading tools and automated trading features. It doesn’t matter if you are a beginner or a professional trader, the platform supports all categories of traders. With zero commissions, spreads starting at 0.7 pips, and leverage up to 500:1 for professional clients, the trading conditions are among the best in the industry. If you include the extensive collection of educational resources, we have a broker that has most of the trading parameters covered.
On the flip side, the product offering is definitely on the lower side, especially in the stock trading range. While the broker’s stock CFDs comprise listed companies only on the US exchanges, a few additions from the other major global exchanges would bring in some uniformity. The other drawback is with customer support, which is not open 24/5, and the pace of response is way off the mark.
All in all, this CFD broker has more positives than negatives, and if you are residing in Europe, the UK or Switzerland, you should include 101investing in your probable list.
101investing is the trading name of FXBFI Broker Financial Invest Ltd, a CySEC-regulated forex CFD broker operating from Limassol, Cyprus under licence number 315/16. 101investing is a financial services provider catering to residents from the majority of European countries, Switzerland and the UK. If you are outside this region, you will not be able to sign up with this CFD broker.
The tier-one regulated broker offers 250+ products across all the major asset classes. Besides forex, cryptocurrencies, commodities and indices, individuals can also access the 101investing stock trading CFDs, comprising listed companies from across the world.
Traders setting up a 101investing brokerage account are likely to have a unique account-opening experience. Unlike the typical registration form offered by the majority of CFD brokers, the account registration process at 101investing involves filling out a slide-based questionnaire. At the end of it, you can access the client area, where you can view your profile, submit your documents, view your historical transaction/processing requests, log into your live or demo trading account, fund your account and start trading.
101investing is a Straight Through Processing broker, but the broker executes all client orders through FXBFI Broker Financial Invest Ltd, a New Zealand incorporated company, regulated by ASIC and FMA.
Spreads & Leverage
The trading conditions at 101investing broadly comprise the spread and leverage, besides other factors such as trading tools and costs. As part of our 101investing review, we analysed all the trading conditions offered by the CFD broker. Beginning with the spread, we found the bid-ask difference on the major FX pairs to be in the 1.7-2.8 pips range, which is far too exorbitant for a CFD broker focusing only on European customers.
While this could be a factor of the account type, it is way beyond the broker’s claims of spreads starting from 0.7 pips for the Silver account. Customers, especially high-frequency traders and scalpers, could find trading costs at 101investing a little expensive. One positive is that 101investing does not charge commissions on any of the product offerings, so this could bring down the overall trading costs a bit.
When it comes to leverage, 101investing has very little control on the extent of margins it can offer clients since all CySEC-registered brokers are required to follow the margining rules of the monitoring agency. The guidelines are in line with the framework of the European Securities and Markets Authority (ESMA) for providers marketing, distributing and selling contracts for difference (CFDs). Accordingly, all non-professional clients registering with 101investing are subject to the following leverage:
|Type of Underlying||Leverage Limit|
|Major currency pairs||30:1|
|Non-major currency, pairs, gold and major indices||20:1|
|Commodities other than gold and non-major equity index||10:1|
|Individual equities and other reference values||5:1|
You can find all information related to the CySEC policy statement in the link below:
However, when it comes to ‘Professional Clients’, 101investing offers max leverage of 500:1 for specific FX pairs, while the leverage for cryptocurrencies is the lowest at 2:1.
Platform & Tools
The 101investing broker offers clients only MetaTrader 4 across all devices. Traders can access the web, desktop and mobile applications of the world’s most widely used CFD platforms directly from their computers or mobile devices if they are on the move. MT4 supports CFD trading in forex, commodities, cryptocurrencies, stocks, indices, futures, and comes with a user-friendly interface. In this 101investing review, we analysed the platforms individually and have highlighted the key features that make MT4 the top trading application for retail and professional CFD traders.
The MT4 platform offered by the 101investing broker is only the basic version of the MetaQuotes software. If you are expecting add-ons such as real-time news or third-party analytical systems such as Autochartist or Trading Central, you will be disappointed.
The client terminal comprises streaming real-time market data and three chart types in nine time frames. When it comes to trading tools, all the MT4 terminals are pre-loaded with 30 technical indicators and 24 graphic objects, accessible in 41 languages. The platform, backed by reliable data protection, supports all order types and also lets you view the product-wise spread and historical trades.
The web or the browser-based platform is compatible with Windows, macOS and Linux operating systems. It supports all browsers, and you can directly log into the platform from the client area.
The web terminal is accessible in four languages, comes with four trade execution modes, including one-click trading, the option to deposit/withdraw funds, and a ‘HELP’ menu to connect to the MQL5 site.
The 101investing MT4 desktop platform is the downloadable version of the app. It includes all the features of the web application and also supports automated trading. Experienced traders can use the powerful, technologically advanced platform with cutting-edge features to ensure high-speed customised trading.
As well as downloading trading robots and technical indicators from the code base, you can rent, purchase or order EAs from professional freelance developers. However, if you prefer to code strategies by yourself, the MQL4 development environment helps you build, test and optimise your robots.
The MT4 mobile app supports Android and iPhone users and includes all the product offerings of the 101investing broker. The app comprises six panels, which are accessible at the bottom of the screen, and includes all the features of the PC applications.
Except for a few drawing tools and automated trading, you won’t notice any significant difference between the PC and mobile terminals. You can place trading alerts, push notifications, monitor positions, view your account balance, chat with members of the MQL5 community, and stay in touch with the markets even on the go.
Commissions & Fees
In this 101investing brokerage review, we analysed the client trading cost, specific to commissions and fees. While the CFD broker does not charge commissions or brokerage on any of its product offerings, clients have to pay the following fees.
- Swap/rollover fee
These are charged on overnight positions and vary from one financial instrument to the other.
- Inactivity fee
According to 101investing, any trading account that is not active for 60 days is an ‘inactive account’. The inactivity fees for such accounts are:
- €80 if the account is dormant for over 61 days.
- €120 if the account is dormant for over 91 days.
- €200 if the account is dormant for over 181 days.
- €500 if the account is dormant for over 271 days.
- Withdrawal fee
101investing could charge clients the following:
- A fee of $50 for insignificant or zero trading activity before placing a withdrawal request.
- Additional charges if the payout is less than €100.
When it comes to educational resources, the 101investing broker provides a large cache of training materials. These include video on demand (VOD), eBooks, tutorials, courses, live global macro-economic and corporate earnings calendar. In this 101investing broker review, we examined the educational content individually and found them to be suitable for both freshers and experienced traders.
Here is a summary of all the educational resources offered by 101investing:
- VOD – This section comprises short videos of about a minute on the basics of trading, market analysis, trading terms and a run-through of the MetaTrader platform.
- Ebooks – 101investing has included several eBooks for beginners and experienced traders. They cover the basics such as the trading glossary, capital management, trading psychology, advanced technical analysis and strategies.
- Tutorials – The tutorials cater to individuals who are new to the MetaTrader platform. The topics include the MT4 desktop and mobile app.
- Courses – The CFD broker has included several audio-visual topics in this section, covering trading tools and strategies, social trading, a course for beginners, and an introduction to CFDs and stocks.
- Economic/earnings report calendars – Access the global macro-economic calendar in real time and monitor corporate earnings broadcasts and how they impact the share prices of listed companies.
The customer support channels offered by the 101investing broker include live chat, email and phone support. You can also reach out to the CFD broker’s support team via the ‘Contact Us’ form. You can also directly correspond with the management at 101investing if you are not satisfied with the response offered by the helpdesk or would like to leave your feedback or opinion.
In this 101investing brokerage review, we interacted with the live chat team to gauge the response time and the professionalism of the staff members operating the desk. Based on our experience, we did not find anything exceptional about the quality of support offered. Although the staff were professional in their approach, they were slow in responding to our queries.
However, we will give them the benefit of the doubt, assuming that the live chat team is not operating to potential due to the COVID-19 situation. Also, the client desk is operating only between 07:00-17:00 GMT, Monday through Friday, an area where the CFD broker could improve if it wants to stay ahead of the competition.
Based on our comprehensive study of the 101investing broker, we are pleased with the performance of the broker on a majority of parameters. The account opening process is simple. The product offering could be better, as could the customer support. However, when it comes to regulations, trading platforms, trading conditions, client trading costs, speed of order execution, and learning resources, the broker scores an ‘A’.
All CFD brokers have pros and cons, but what’s important is that they guarantee the security of funds, have cutting-edge platforms, and provide a sufficient range of products, liquidity, educational resources and quality client support. 101investing scores a ‘yes’ from us on most of the above. Also, the regulatory framework governing 101investing not only makes it a reliable broker but also ensures that client privacy and data security are taken care of under all circumstances.
You can get in touch with 101investing from 07:00-17:00 GMT via:
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
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