101investing Review: Designed For New Traders In Europe

April 4, 2021
Brokers
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101investing is a Cyprus-based, commission-free online broker offering CFDs on a variety of popular assets. Users can trade stocks, forex, cryptocurrencies, indices, and commodities all within the 101investing platform.

With its fast, easy signup process, a plethora of educational materials, and user-friendly trading platforms, 101investing is designed for beginner traders getting their feet wet in the world of investing. Sign up for 101investing below.

101investing offers a demo account, a wide variety of educational materials, high leverage on some assets, and several convenient ways to reach their customer support team. As a subsidiary of FXBFI Broker Financial Invest Ltd., 101investing is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

101investing is available in the following countries:

AustriaFinlandLatviaPortugal
BelgiumFranceLiechtensteinRomania
BulgariaGermanyLithuaniaSlovakia
CroatiaGreeceLuxembourgSlovenia
CyprusHungaryMaltaSpain
CyprusIcelandNetherlandsSweden
Czech RepublicIrelandNorwaySwitzerland
DenmarkItalyPolandUnited Kingdom
Estonia

Pros & Cons of 101investing

Pros

  • Zero trading commissions
  • Fast, easy signup process
  • Mobile, web and desktop trading platforms
  • Well-regulated
  • User-friendly platform
  • Plenty of educational materials
  • Full-featured demo account
  • Strong deposit & withdrawal options
  • Hundreds of assets available to trade

Cons

  • 7-day limit on demo account
  • No social trading
  • No referral program

Account Types

101investing offers three distinct account types. Here’s some more detail on each of them:

Silver AccountGold AccountPlatinum Account
Minimum Deposit€250€250€250
Maximum Leverage1:301:5001:500
Hedging Available?YesYesYes
Swap DiscountN/A25%50%
Minimum Spread0.070.050.03
Trading Commissions€0€0€0

101investing also offers an Islamic trading account with no interest or swap charges on overnight positions.

#1 Fees

Overall, 101investing’s fee structure is very fair. They make their money through narrow spreads on the assets they offer and swap charges on overnight leveraged positions. They do not charge any fees on deposits, so 100% of the money you deposit will make it into your account.

Here’s a closer look at their fees:

  • Trading Commissions: None on any assets.
  • Stock Spreads: From €0.07 for Silver account holders, €0.05 for Gold account holders, and €0.03 for Platinum account holders.
  • Forex Spreads: From 0.7 pips on EUR/USD, 0.9 pips on EUR/GBP, and 1.3 pips for GBP/USD.
  • Overnight Financing Fees: These are only charged on leveraged positions and vary from asset to asset.

#2 Signup Process

The signup process for 101investing is extremely easy and only takes about 5 minutes. The process is done entirely online, so you don’t need to mail or fax any documents. Once you’ve submitted your required documents, it will take their team about 2 business days to verify your account.

#3 Minimum Initial Deposit

The minimum initial deposit is 100 USD/GBP/EUR, which is very reasonable as far as online brokers go. If your deposit is shown as “Pending,” it’s probably because your account has not yet been verified. If your account has been verified and you still can’t make a deposit, contact your account manager.

#4 Ease of Use

101investing can be accessed via desktop, tablet, and their mobile apps. The desktop platform is very easy to use and supports 11 languages.

You can access the desktop platform using WebTrader or MetaTrader 4. Given that MetaTrader 4 is the more popular of the two, here’s some more information about it.

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

ArabicGreekPersianGerman
BulgarianHebrewPolishMongolian
ChineseHindiPortugueseThai
CroatianHungarianRomanianTraditional Chinese
CzechIndonesianRussianTurkish
DanishItalianSerbianUkrainian
DutchJapaneseSlovakUzbek
EnglishKoreanSlovenianVietnamese
EstonianLatvianSpanish
FinnishLithuanianSwedish
FrenchMalayTajik

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.

Multibank

#5 Deposit & Withdrawal Options

Deposits can be made via credit cards, debit cards, e-wallets, and bank transfers. Here’s how long deposits generally take to appear in your account:

  • Credit cards: Instantly
  • Debit cards: Instantly
  • E-wallets: Up to 24 hours
  • Bank transfers: Up to 5 business days

101investing does not impose limits on how much you can withdraw from your account at one time, nor does it charge withdrawal fees. Your withdrawal will be returned to you via the same method you originally deposited the funds. Withdrawals can take up to 5 to 7 business days to appear in your bank account, which is standard.

#6 Customer Support

101investing offers customer support via telephone, email, and live chat. Every client is assigned a dedicated account manager, who acts as their direct point of contact and will help them resolve any issues they may encounter. Here are a few more details:

  • Phone support is offered 24 hours a day, Monday to Friday. Their number is +357 8009 2740 
  • Email support can be reached at [email protected]
  • Live chat can be reached from the 101investing website or directly in the app

101investing’s registered address is at 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st Floor, 3076, Limassol, Cyprus.

#7 Asset Classes

101investing allows you to trade hundreds of popular assets across categories like stocks, forex, indices, cryptocurrencies, and commodities.  

Stocks

  • Trade many of the most popular stocks like Tesla (TSLA), Amazon (AMZN), Apple (AAPL), Google (GOOG), Disney (DIS), and many more with zero commissions.
  • Spreads as low as 0.21
  • Leverage up to 1:50

Forex

  • Dozens of currency pairs, including EUR/USD, GBP/USD USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP and more
  • Spreads as low as 0.7 pips
  • Leverage of up to 1:500 available

Commodities

  • Major global commodities like Brent oil, crude oil, and natural gas
  • Less frequently traded commodities like orange juice, cocoa, coffee, corn, cotton, soybeans, sugar, and wheat
  • Precious metals like gold, copper, platinum, and palladium
  • Spreads as low as 0.0007
  • Leverage up to 1:125 available

Indices

  • Major American indices like the DOW 30, NASDAQ 100, and S&P 500 
  • Major European indices like the DAX 30, Euro Stox 50, FTSE 100, and MIB 40 
  • Major global indices like the Nikkei 225, Hong Kong 50, and China Enterprise 40
  • Spreads as low as 0.32
  • Leverage up to 1:20 available

Crypto

  • Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP)
  • Smaller cryptocurrencies like Stellar (XLM), Ethereum Classic (ETC), Cardano (ADA), and many others 
  • Leverage up to 1:2 available

#8 Referral Program

101investing does not offer a referral program.

#9 Demo Account & Educational Resources

101investing offers a 7-day demo account. This is a short period of time as far as demo accounts go, but it’s still a great way to get accustomed to their platform and test your strategies with virtual money.

Your practice account will be pre-loaded with €100,000 in virtual money, which you are free to trade with as you please. You can switch between your live and practice accounts in the top left of the platform. To extend the life of your practice account, get in touch with your account manager.

As far as educational materials go, 101investing offers a wide variety. Here are just a few of the materials you’ll find on their site:

  • E-books on investing fundamentals, advanced market analysis, industry overviews, etc.
  • Courses on CFDs and stocks, social trading, and trading strategies
  • Earnings reports calendars
  • Webinars and video tutorials

#10 Safety & Regulation

As a subsidiary of FXBFI Broker Financial Invest Ltd., 101investing is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), which protects customers in all countries included in the EU. Being regulated by CySEC also means that traders are covered by the Investor Compensation Fund (ICF), which protects traders for claims of up to €20,000.

101investing also goes the extra mile in ensuring its data and financial transactions are secure: its servers are located in SAS 70 certified data centres, and all monetary transactions are under Level 1 PCI compliance.

In Summary

101investing is a Cyprus-based, commission-free online broker offering CFDs on a variety of popular assets. Users can trade stocks, forex, cryptocurrencies, indices, and commodities all within the 101investing platform. 

With its fast, easy signup process, a plethora of educational materials, and user-friendly trading platforms, 101investing is designed for beginner traders getting their feet wet in the world of investing. Sign up for 101investing below.

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