Modern times require modern tools. And this is especially true when it comes to trading. Well, if we don’t have a trusted broker that takes advantage of the latest technology on its platform, we will never be able to take advantage of advanced technological tools and services. For this reason, and so that you have the ability to choose a CFD broker that suits your needs, today we bring you the 101Investing broker review.
Basic Broker Data 101Investing
Foundation year: 2020
Country of registration: Cyprus
Minimum deposit: 250 dollars or its equivalent in another currency
In the world of CFD brokers, one of those that has been treading more strongly is 101Investing. A broker founded in 2020 in Cyprus, which in a short period of time has become a reference in the sector.
Thanks to the options that this company provides its users so that they can easily carry out CFD trading on a modern platform, in more than 250 financial products. Clients have access to a wide variety of assets, including CFDs on forex, indices, cryptocurrencies, commodities, stocks, and precious metals.
Within 101Investing we will be able to carry out our trading operations only with the browser using the broker’s WebTrader powered by MetaTrader 4, the most popular trading software in Europe.
Additionally, for those who want to keep abreast of the markets on the go, 101Investing also offers a mobile app for iOS and Android. With what you can trade at any time of your day to day only with your smartphone.
Both the browser version of 101Investing and its phone app are available 24 hours a day 7 days a week. They also provide more than 60 different tools to facilitate trading. As identification of investment opportunities, integrated lists of assets and other useful elements for your operations.
To this would be added a significant amount of educational resources such as books, courses and tutorials, so that its users can improve their knowledge about the world of trading.
Before trading, you should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Deposits and withdrawals
To make your trading experience at the broker as simple as possible, 101Investing offers multiple channels for making deposits and withdrawals. Thus, you can open your account using dollars, euros or pounds sterling, through traditional bank transfers, and electronic means such as Skrill, SafeCharge, among others.
Thus, while digital methods like Skrill can receive payments almost immediately, bank transfers can take several days to become effective. This broker does not charge any deposit fees. In relation to withdrawals, the company reserves the right to charge a withdrawal fee only in specific circumstances.
Starting trading at 101Investing can be done in a few steps, all you have to do is register on the platform, fill out the form with your personal data, and verify your identity. The company will verify your eligibility after you fill out a questionnaire. Later, you will have to select one of the four types of trading accounts that this broker offers for you if you meet its requirements: Silver, Gold, Platinum and Pro Exclusive.
Each of these accounts has its own peculiarities. The account you choose will determine the services available to you and the trading conditions. Well, while Silver accounts offer a maximum leverage of 1:30 for both retailers and professionals, Gold and Platinum accounts go up to 1: 400/1: 500 only for professional traders.
In addition, the Pro offer better trading conditions, 1: 500 leverage, among other elements. While, in terms of trading commissions, they decrease the more advanced the account is.
For its part, and as is customary among the main brokers in the market, 101Investing also offers the possibility of creating an Islamic trading account for traders whose moral imperative is Sharia law. It conforms to the rules of Islam for conducting business. Especially with the non-existence of swap fees at night, as mandated by Muslim law.
Finally, and so that you can test your trading strategies without risking your money, with 101Investing you can also create a Demo account without making a deposit. With which you can apply your new strategies and the characteristics of the platform before opening a real account.
Since its foundation, 101Investing has established itself as one of the most versatile brokers on the market. Providing its users with a satisfactory trading experience, with one of the best platforms on the market.
In addition to a first-class customer service 5 days a week, personalized account options according to the needs of each trader, and educational tools for training users in trading.
Thanks to this, today thousands of traders around the world prefer the services of 101Investing to participate in the CFD market.
- CFDs are complex instruments with a high risk of losing money quickly due to leverage.
- Between 74 and 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.