101investing Review 2023 – Is This Broker Trustworthy or Not?
To point out, 101investing, as CySEC regulated broker, was established on market for years. Owned by FXBFI Broker Financial Invest Ltd since 2016 they are providing FX and CFD services. However, to match everyone’s needs it’s really hard these days. Therefore, traders tend to look for regulated companies that provide a higher level of security.�
Given that 101Investing broker has many negative comments traders don’t find it very attractive. But to see if they are still reliable broker, continue reading this 101Investing review.
|Unlicensed Scam Brokerage
|Blacklisted as a Scam by:
|FXBFI Broker Financial Invest Ltd
|MT4/ Web trader
|Yes – BTC, BNB, BCH
|Types of Assets:
|Forex, Commodities, Indices, Shares, Cryptocurrencies
|Up to 1:500
|Free Demo Account:
|Accepts US clients:
101investing Is A Legit Broker?
In this case, CySEC was not the favorite choice of traders even though it’s a trusted regulator. Some had bad experiences besides licensing. But even with CySEC they lost their licensing. If they had at least one more Tier 1 license things would be different.
After all, we checked the database of some Tier 1 Regulators like FCA, BaFin and ASIC. As a result, we didn’t find any records of 101Investing trading company.
For a licensed broker present for years among traders, 101Investing comments are quite disappointing. They provide a vast of trading assets, but with bad trading conditions for a regulated broker. Yet, they have lost their license.
Reasons for Using a Regulated Broker for Trading
Additionally, regulated forex brokers have some limitations in trading conditions. They are not allowed to offer bonuses or leverage higher than 1:30. However, with 101Investing, leverage goes up to 1:500. Another key point is negative balance protection and guaranteed stop loss which 101Investing broker doesn’t provide.
101investing Software – Platform Tools
Although traders don’t make 101Investing broker their favorite, those are still questionable facts. Nevertheless, this broker provides one of the most trusted trading platforms. Meta Trader 4 is a great add-on compared to a basic web trader. Besides that, MT4 provides security for its clients because it is third-party software.
101investing Mobile Application
Significantly, the important fact is that MT4 is available for any mobile device whether Android or iOS. Important to realize is that if you can’t access the platform quickly, you are wasting time and money. That’s why availability for many devices plays a key role in choosing the right broker. Moreover, the availability of many advanced tools is another advantage of MT4.
Desktop App MetaTrader 4
The desktop version is the most reliable one. It can be downloaded to any Mac or Windows and provides a vast of trading possibilities. From advanced charting, indicators, social trading and many more. Especially, with a very easy customizable environment it makes trading way more enjoyable. Whether you are a beginner or a pro MT4 always makes you look like a pro.
To point out, not all traders prefer downloading trading tools. Especially older traders that are not tech-savvy. That’s why Web trader is available but it provides all same features as the desktop version. Important to realize is that all platforms are secured and clients shouldn’t be skeptical about it.
Trader’s Reviews of 101investing
Generally speaking, we don’t believe all reviews. However, Trustpilot has established itself as a trusted one. Out of 84 comments presented on that platform, more than 80% were rated 1-star. In short, clients are not satisfied with 101Investing broker and they recommend staying away.
101investing’s Trading Assets and Instruments
On the positive side, this broker provides a wide range of instruments. In fact, some traders don’t like specific trading classes and that’s why 101Investing provides all 5 major groups. Those are:
- Forex EUR/SEK, USD/JPY, GBP/EUR
- Commodities natural gas, gold, platinum
- Indices DE30, CAC40, UK100
- Shares Google, Volkswagen, Pfizer
- Cryptocurrencies BTC, ADA, DOGE
On the other hand, trading these assets with leverage of 1:500 is extremely dangerous. Especially with volatile ones like cryptos.
101investing Service Countries
After all, if you check any 101Investing review you will find countries where they operate. Some of the clients are coming from:
- United States
- United Kingdom
Although this may be true, it is important to note that for trading in the UK after Brexit trading companies should have a license or TPR. Nevertheless, they have on their website a long list of countries where they don’t operate.
Account Types Offered by 101investing
Despite all the good things about 101Investing, concerns are raised due to the high leverage that they offer. According to ESMA rules, they shouldn’t provide leverage higher than 1:30 in the EEA zone. However, only the Silver account offers reasonable leverage. In this case, the minimum requirement for a deposit is $250. All account types are listed below:
- Pro Exclusive
Free Demo Account – Does The Broker Offer It?
On the positive side, if you still haven’t decided whether should you invest money or not, you can test out the waters for free. 101Investing broker offers all its clients a demo version. As that being said, you can try it with virtual funds and check all trading conditions. However, we prefer micro accounts because those accounts present a more realistic picture of trading.
101investing Affiliate Program
Overall, the point of an affiliate program is to bring clients to the broker. That way you are making passive income. On the contrary, clients would recommend a broker anyway if they are satisfied. If you are not sure about the broker, better not to enter that program at the start.
101investing Deposit and Withdrawal Policies
The company states that they don’t charge additional fees. The only fees that may be applied are coming from the financial institution that is used. Nonetheless, there is no specified processing time for any transaction. Moreover, clients are required to provide full documentation that is by AML laws to fully verify their trading account.
Payment Methods Available
Except for the countries listed as not accepted, all others can use only two deposit methods. Those are bank transfers and debit cards. All payment methods vary depending on the client’s country of residence. Moreover, fees charged by institutions can vary and you should check those first.
101investing Terms & Conditions – What You Need to Know
On the positive side, 101Investing broker offers hedging. Which is for experienced traders a very powerful tool. The higher you go on the account level scale you get the higher discount for swaps. These can be a nightmare if not organized properly.
Leverage, Spreads and Fees
As mentioned above, leverage is already higher than accepted among EEA zone-regulated companies. However, spreads vary but the lowest one you can get is 0.7 pips on the Platinum level. After all, fees are charged only for withdrawals with some methods. The company states that they don’t charge inactivity or deposit fee.
What Should I Do If I Have A Problem With 101investing?
All things considered, clients might have potential issues. If that’s the case, the first thing is reaching out to the regulator to look for a solution. To sum up, most clients complained in 101Investing reviews about withdrawals. If that’s the issue contact our fund recovery team today!
What Is 101investing?
This is a Cypriot-based trading company operating since 2016 in all 5 major financial fields.
Is 101investing a Regulated Broker?
To sum it up, no. They were regulated by CySEC but they lost its license. Not to mention a lack of Tier 1 regulators licensing.
Is 101investing Available in the United States or the UK?
Even though, they state that they don’t provide service to US clients, 101Investing reviews present a different picture. For the UK they should have an FCA license or TPR.
Does 101investing Offer a Demo Account?
Yes. Besides all live trading accounts, clients have the option to test broker out for free.