Margin and leverage both play an essential role in holding a high position in the market. The financial services provider offers the best trading platform, MetaTrader4, a popular platform with a user-friendly interface. The customer support and dedicated manager are the cherries on the top of a cake. 101Investing offers Silver, Gold, and Platinum retail accounts, as well as Professional accounts. Each account type has tighter spreads than the previous, plus some additional features like access to extra educational content. You can review 101Investing forex broker’s extensive selection of eBooks if you are in search of educational PDFs.
Does 101Investing offer professional accounts?
By the end of it, you’ll be able to decide whether or not the broker is for you, and which account type you should open. As we conclude our 101investing CFD review, we will outline what we think about the broker. When it comes to the positives, 101investing is a tier-one regulated broker, covering all the major asset classes from the world’s number one trading platform. The MT4 platform offered by 101investing is the basic version of the MetaQuotes software.
- Between 74% -89% of retail investor accounts lose money when trading CFDs with this provider.
- It is not a scam but a well-authorized broker to trade and facilitate trading.
- Luckily, this is because 101Investing complies with industry standards and regulations, which prohibit brokers from incentivizing CFD trading.
- Each of the platforms gives you access to more than 30 indicators to help you complete technical analysis on your own.
Experiences
CySEC is a tier-one regulator which imposes strict guidelines and security measures. As such, you can rest assured that 101Investing is subject to strict regulations and guidelines. 101Investing typically processes withdrawals on the same day, and these are mainly free of charge. The remaining withdrawal time depends on the method; if you choose to cash out with an e-wallet you can expect instant payments, whilst bank transfers take several days. In terms of other perks, 101Investing does offer you the ability to become a partner. Our review of 101Investing found that the broker does not offer you any promotions or bonuses when you open an account.
Confirming that you can open an account from your country is as simple as visiting the 101Investing site and beginning the sign-up process. If your country code does not appear in the drop-down menu, 101Investing is not available to residents of your country. You should also keep in mind that while 101Investing will not charge withdrawal fees in other situations, your bank may. Gold account holders receive a 25-percent discount on swaps, and Platinum account holders receive a 50-percent discount.
Keep your funds secure with risk management tools
101investing is an award-winning forex broker that offers services to traders within the EU, the EEA, and Switzerland. Licensed by CySEC, 101investing allows you to trade over 250 different financial instruments through CFDs. This includes CFDs on forex, stocks, commodities, metals, cryptocurrencies, and indices. The broker also boasts fees that are in line with the industry average and provides a range of analytical tools and educational materials. The broker covers five asset classes and 250+ CFD products across 10,000+ markets, all of which are accessible on the 101investing MT4 terminal.
How to open a Trading Account with 101Investing?
However, to activate the demo MT4 desktop or the mobile app, you have to get in touch with the support team or contact your account manager. FXBFI Broker Financial Invest Ltd is a registered Cyprus investment firm, authorised and regulated by CySEC. Spread fees vary depending on your account type, the asset your trading, market volatility, and liquidity. Swap fees are competitively priced and you’ll receive a 25% or 50% discount on them if you open a Gold or Platinum account. While many online brokers offer a calendar that can be sorted by month, asset class, or event type, 101Investing’s calendar has none of those features.
- It instead relies on MT4, which it offers to all its clients, irrespective of the trading account.
- Please note that the information on our website is for informational purposes only.
- Overall, it is very user-friendly once you get over that initial learning curve.
The good news is that 101Investing has one of the least expensive spread structures we’ve seen from any online broker in the UK. US share CFDs typically trade at just 0.21 pips, which is around half of what other commission-free brokers charge. Index CFDs are slightly more expensive, with the spreads for popular indices starting around 0.32 pips. However, index spreads only exceed 2 pips for less frequently traded indices in Hong Kong and Europe.
What is 101investing?
You can also use these methods, including live chat, from your smartphone so that you’re never stuck with a query or a problem. That covers the hours that most UK traders will be active, but keep in mind that it doesn’t fully match the trading hours of the US stock market (which is open until 9 pm GMT). 101Investing’s support hours can also fall short for forex traders since the forex market is global and operates 24/5. 101Investing has a highly responsive customer service team available by phone, email, or live chat.
It has been several months now since I was manipulated and coerced into “investing” all my hard-earned savings with this dodgy company. I have had multiple, ongoing correspondence with the company in an attempt to settle this dispute amicably and directly, but they continue to dismiss me. I am STILL waiting for the recorded phone conversations from the GDPR department. These records prove that I was manipulated and forced to lie in order to qualify for a professional account within days of opening my account with them. I was given a ridiculously high leverage for someone with my inexperience and this was the beginning of the end for my money.
For further peace of mind, the company is a member of the Investor Compensation Fund. The ICF compensates covered clients, up to 20,000 EUR, should the broker fail to fulfill its obligations. The withdrawal process offered by the broker is very simple and easy. It offers several methods for withdrawing, which can be done through credit card, debit card, Neteller, Skrill, wire transfer, trustly, eMerchantPay limited, and several more.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between % 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. Traders can even use the form option to connect with the client support team. The official website of CFD broker has all the facilities for a trader to be in touch with the professional support team. Traders can contact the team from morning 7 am till 5 pm, five days a week.
The deposits can be made from bank accounts, bank wire transfers, credit and debit cards, skrill, solid pay, and other online e-wallets. Similarly, the indices have a spread of point 1 for FTSE100, and commodities like crude oil have a spread of 0.03; silver has 0.037, and gold has a spread of 0.37. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct. To help you find information, 101Investing has about a dozen clearly-labeled PDFs on legal documents and policies that are searchable and well-laid out. These include concise information on withdrawals and client fund protection, topics that would 101investing typically be found in an FAQ section.