Your capital is at risk
81% of retail CFD accounts lose money
101Investing is a regulated broker which offers Contracts for Difference (CFDs) in a variety of markets. Based in Cyprus, the company is regulated by the CySEC, the Cypriot financial services authority. As a regulated entity, the platform forms part of an Investor Compensation Scheme which guarantees investor funds up to a certain amount. Nevertheless, trading Bitcoin CFDs and similar instruments is considered to be a high-risk investment which you should only undertake if you fully understand the risks involved.
How does 101Investing compare to other exchanges?
Your capital is at risk
81% of retail CFD accounts lose money
80.5% of retail CFD accounts lose money
The platform offers a variety of solutions and resources to help you trade successfully. Users can look forward to an interface which is easy to use and is supported with over 90 tools and functions. You can set several profile preferences, and this enhances your trading experience, setting 101Investing apart from many similar trading platforms.
This 101Investing review will cover all the important elements of this platform. We will provide you with detailed and useful information to help you make an informed decision on whether this platform is suitable for you. Since the platform updates its services regularly some information published on this page might become outdated. Whilst we strive to update this and other reviews regularly, we invite you to check out the platform’s website to view the latest updates and to sign up.
It is important to understand that CFDs are complex and high-risk financial instruments. When trading CFDs, there is a higher chance that traders lose money rapidly, due to leverage. Between 74% – 89% of retail investor accounts lose money when trading CFDs with 101Investing. You should ensure that you understand how CFDs work and be able to afford any potential losses before investing in such instruments.
Your capital is at risk
There are several reasons to consider 101Investing to be a safe trading platform on which to trade on. The company is a registered and regulated entity which is based in the financial services hub of Cyprus. In addition, investor funds are secured through the Investor Compensation Scheme, as long as you open a retail investor account. In line with its licence, users must verify their account before trading, and this helps ensure that no fraudulent accounts are set up.
101Investing has never been successfully hacked, and this is due, in part, to the range of security measures put in place by the company. Data transfer and trades are secured using SSL encryption, and there are several other protection tools which the company keeps secret.
Apart from investing in cryptocurrency CFDs, 101Investing gives you the opportunity to trade Forex CFDs, commodities CFDs, stock CFDs, Indices CFDs, and even Metals CFDs. Contracts for Difference let you profit from changing prices without having to acquire the underlying asset. In this respect, they are considered to be an easier trading option, since they remove the hassle of properly storing your asset. You can trade CFDs with leverage, allowing you to open larger positions with less capital. Whilst leverage can magnify your profits it can also magnify any losses, so you should only use it if you can afford any potential losses.
In order to cater to a greater number of modern traders, 101Investing offers three trading platforms from a single website. Depending on your trading preferences you could use one or more platforms at a time.
MetaTrader 4 (MT4) is a popular desktop trading platform which is available for PC and Mac computers. Boasting powerful technologies and used by millions around the globe, MT4 provides you with quick access to CFD trading markets offered by 101Investing. If you already have experience using this platform, then the company offers you the opportunity to continue using it on 101Investing.
Apart from performance reliability and unparalleled trading experience, when using MT4 you can look forward to:
The MT4 Web Trader is the web version of the classic Meta Trader. This platform lets you open and close positions conveniently through a web browser. As a result, no download is necessary, and you can access your account from your office computer or any other device. All your account details and trading preferences are securely stored on the web browser.
The features and functionalities of the MT4 Web Trader on 101Investing are very similar to the desktop version. Available in over 18 languages, the web version is oftentimes seen as more convenient, and both versions are equally safe.
For those who enjoy trading on the go, 101Investing offers a functional and convenient mobile application which works on both Android and iOS systems. The mobile app features over 350 different assets and 30 analytical tools. In addition, users get access to interactive charts and the same educational resources available on the 101Investing website.
Links to download the mobile app can be found on the ‘Trading Platforms’ link on the website’s main navigation bar.
101Investing specialises in offering CFDs of cryptocurrencies and other assets. It only accepts traditional currencies, such as EUR and USD, and does not accept or offer cryptocurrencies. As a result, the platform does not offer a wallet where you can store digital coins.
The entire 101Investing website has been designed to be user-friendly, simple, and functional. Opening a new account or logging into your account is very easy, and can be done with just one click from the main page.
Depending on your trading experience, frequency, and requirements, you need to decide which 101Investing Trading Account you wish to open. The platform offers four types, although one is reserved exclusively for VIP and professional traders. The remaining three offer different features and benefits, including varying leverages, dedicated account managers, and discounts on fees.
All you need to do to open a 101Investing account is:
Once you have completed this process you will be able to start using the site’s functionalities. The compliance team within 101Investing will go through your information and documents and should proceed with account verification within a couple of days.
As soon as you have created an account you can log in, even if your account hasn’t been verified. To do this, all you need to do is:
101Investing is a regulated entity and needs to comply with Know Your Customer (KYC) requirements. This is done to protect the platform and its users from fraudulent accounts and scammers. It also helps prevent money laundering and the financing of terrorism.
To comply with the platform’s verification requirements all you need to do is provide documents which confirm:
The platform might also require you to provide payment documents to verify the origin of funds.
101Investing lets you invest in CFDs of Bitcoin, Ethereum, and 50 other cryptocurrencies. Using the MT4 platform, buying Bitcoin CFDs is very easy. All you need to do is:
It is strongly recommended that you set optional limits as these ensure that you minimise capital loss. Even with these risk mitigation measures in place, you should continue to monitor your investment as there can be certain instances where these limits fail to activate automatically.
It is important to remember that CFDs are complex trading instruments which come with a high risk of losing money rapidly due to leverage. Between 74% -89% of retail investor accounts lose money when trading CFDs with this provider. Hence, you should consider whether or not you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss.
In order to close any open positions on 101Investing and withdraw your funds, all you need to do is:
Once the order has been closed, applicable fees will be removed and the balance will be deposited into your account. From there you can either keep funds in order to open new positions or withdraw them through one of the supported payment options.
101Investing does not directly support any cryptocurrencies, however, it offers a variety of crypto CFDs which you can invest in. There are over 50 pairs available, and the platform is continually adding new ones. Amongst the most popular ones, you will find BTCGBP, ETHUSD, and LTCEUR. You can find the full list of pairs by visiting 101Investing’s website and clicking on the ‘Trading Cryptocurrencies CFDs’ in the ‘Products’ menu.
101Investing is available in most countries around the world, with a few exceptions.
A comprehensive list of supported countries is not currently available on 101Investing. However, you can check whether your country is allowed during the initial sign up process. As we wrote this 101Investing review we confirmed that countries such as Australia, Canada, UK, and European Union countries are all supported.
Certain jurisdictions, such as Iran and North Korea are not supported, but this is often the case for all financial services organisations. The United States of America is also excluded, but this is mainly due to the fact that trading CFDs are forbidden in the country.
In order to remain operational 101Investing needs to charge fees and impose certain trading limits. The platform seeks to remain competitive by offering simple costs and providing added value through its additional services.
101Investing is upfront and honest about its fees. Even though the platform operates as a broker, it does not charge any commission fees. Instead, the main trading fee is the spread, which can be described as the difference between a contract’s buy and sell price. For your convenience, the spread is automatically added to the final price so you don’t need to stay calculating it for each trade.
If you take advantage of the leverage offered by 101Investing you might be subject to financing fees or swap fees. In the case of cryptocurrencies, leverage of up to 1:2 can be sought, whilst for other markets, you can access higher amounts. Every asset has a set time which is considered to be the end of the day. Any position opened beyond this time is charged the swap.
Apart from these trading fees, 101Investing charges certain administrative fees which may or may not apply to your account. All deposits on the platform are free, as are most withdrawals. There is no maximum deposit amount, but if you are depositing via bank transfer, the minimum amount is 1000 USD/GBP/EUR. Minimum deposits are 100 USD/GBP/EUR.
If the value of your withdrawal is below €100, or if your account has little or no trading activity, then a fee of €50 or more may apply. In addition, inactivity fees apply to accounts with no trading activity for a period of 60 days or more.
You can find additional information about 101Investing fees on their website. Click on the ‘Legal’ tab in the navigation menu and click on the ‘Fees’ document to view it.
For the most part, 101Investing does not set any specific limit for trading. Each asset has a certain minimum volume which must be met in order for a position to be opened. Whilst there is no deposit limit, the platform’s customer care team might impose a limit based upon your trading history or account activity.
The main limits which you should be aware of refer to deposits and withdrawals amounts. Although any withdrawal amount can be processed, transactions of under €100 are charged a fee. Deposit limits apply depending on your chosen provider. For example, card payments are subject to a minimum deposit of €250 and a maximum of €30,000.
101Investing has partnered up with some of the web’s favourite online payment providers. As a result, you can deposit and withdraw funds in a convenient and, in most cases, instant way. Support payment methods include:
Some payment methods might not be available in your country. Once you open an account, the platform will guide you as to which options are available. Along with details of how to proceed with payment, each option provides the applicable minimum and maximum transaction values.
It is important to remember that CFDs are complex trading instruments which come with a high risk of losing money rapidly due to leverage. Between 74% – 89% of retail investor accounts lose money when trading CFDs with this provider. Hence, you should consider whether or not you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss.
101Investing is an award-winning CFD trading platform which takes user safety and security very seriously. The company has invested in security tools to protect transactions and trades from external interference and cyberattacks. In addition, it encourages all users to choose a strong password and provides resources to help keep users safe. Furthermore, if all else fails, retail investor accounts are protected under the Investor Compensation Scheme.
Our 101Investing review cannot be complete without mentioning the platform’s customer support options. Available on Mondays to Fridays between 07.00 and 17.00 GMT, the team can be reached via live chat, telephone, email and web form. These options provide a comprehensive way to get assistance whenever you need it. In addition, as a registered user, you can create a support ticket directly from your account.
Although the website does not feature an FAQ page, you can find information for most queries easily by using the navigation bar.
The platform has an overall good reputation online, with users on various chatrooms and review sites saying that they are satisfied with the services on offer.
101Investing is continually improving its platform and releasing new products and services. In order to remain competitive and ahead of its competition, the platform does not announce coming soon features before they are imminently available. As a result, it is difficult to say what we can expect in the near future.
The best way to stay informed about 101Investing’s latest news is to become a fan of their social media pages. In addition, be sure to check out Cryptimi News for any important updates.
Both platforms share several similar features, including being regulated and offering hundreds of different assets to trade. In addition, eToro offers several additional benefits, including Copy Trader and the opportunity to buy and sell Bitcoin and several other cryptocurrencies. Moreover, eToro lets you invest with alternative financial instruments and provides superior charting and analysis resources.
Specialising in CFDs, both 101Investing and Plus500 offer a similar service ranging from cryptocurrencies to Forex and commodities. The platforms’ fees are similar, as are most of their payment methods. Plus500 supports PayPal payments, which some traders prefer. Trading on either platform is safe and secure since they are regulated and implement various safety features.
Both 101Investing and Trading212 offer powerful trading apps which are available on Android and iOS devices. The two trading platforms are regulated and offer hundreds of CFDs, including cryptocurrencies and commodities. Moreover, both platforms share similar fee structures and do not charge commission fees on trades.
Yes, in order to trade and withdraw your funds, the platform requires you to verify your account by providing the necessary documents.
Whilst the platform lets you invest in Bitcoin CFDs you are not able to buy or sell actual Bitcoin on the site.
101Investing customer care is available Monday to Friday 07.00 - 17.00 GMT. You can contact them conveniently via ticket, live chat, telephone, email or online form.
The platform is owned by a registered company and regulated by CySEC. Transactions and data transfers are encrypted and the platform is protected with a firewall which prevents cyber attacks.
101Investing is a very good online CFD trading platform as it offers convenience, service, and choice. Right from the start, the platform lets you choose a trading account which best suits your needs, and this convenience continues with the option to customise your profile and choose your preferred payment method. Even though the platform offers an extensive range of tools and trading platforms it charges competitive fees and even offers generous discounts for certain accounts. Given that it is regulated and extremely safe, you should try 101Investing today.
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