A NEW BROKER ON THE HORIZON – 101INVESTING.COM
It is not unusual to see new brokers rise up in this industry. Most of the newer brokers you come across are daughter-companies of large and established financial brokerages. The newer branches are created for inclusiveness. 101Investing is one of them. FXBFI created their daughter company to allow more users to join, especially the ones that do not have as much experience.
As the name suggests, 101investing is mainly directed at novice and beginner traders. They specialize in the education of these new traders, allowing them to grow their experience through trusted financial advisors and AI robots.
In our review, we will discuss all of the information you need to decide if 101investing is for you. At the end of our review, you can see our opinions, but until then – we discuss facts solely.
Who is 101Investing?
As we mentioned earlier, 101investing.com is operated by FXBFI Broker Financial Invest, LTD. FXBFI is located at 13 & 15 Grigori Afxentiou str. IDE Ioannou Court, 4003 Limassol. They are regulated by CySEC, with the license number 315/16. Their LTD registration number is 351508.
FXBFI is a trusted and experienced broker, thus we expect the same kind of quality from their daughter company. FXBFI has been around for a good amount of time, acquiring a large and dedicated user base. The traders always acknowledge the professionalism of their analysts and swear by their experience.
What kind of accounts are at 101investing?
Currently, there are four kinds of account types: silver, gold, and platinum, as well as pro exclusive. All of these accounts have a special advantage. The biggest advantages vary in minimum deposits, fees, and services.
For example: You have a platinum account, and you pay 0.7 pips on a major spread. If you had gold, you would pay 1.3, and as a silver account holder – 2.2.
Platinum accounts can have their main currency as USD, EUR, or GBP. Silver and gold can only hold USD accounts. Swap fees are lower by 25% for gold and 50% for platinum users.
You can find more information about their accounts on their website at 101investing.com.
What can you trade with and how?
You will gain access to most major assets with 101investing. Their main form of trading is via contracts for difference, offering forex, commodities, stocks, indices, and cryptocurrency trading.
They offer trading on the MT4 – the most popular trading platform in the industry. It is useful for executing trades and analyzing the financial market. Artificial intelligence works best with MT4 as well, so your robot will work perfectly on your trades.
What kind of fees do they have?
The main fee we will address in this 101investing review is their inactivity fee. If you are inactive for a certain period, the broker will impose the following fees:
- 61+ days – 80 EUR, or 160 EUR
- 91+ days – 120 EUR per month
- 181+ days – 200 EUR per month
- 271+ days – 500 EUR per month
Though this is not a common fee, it is created to make sure that traders that register are committed. Too many traders register on dozens of platforms only to move on to the next one without any activity. 101investing makes sure that the people that register with them take trading seriously.
They accept almost all types of payment methods: Wire transfers, Skrill, Neteller, Trustly, or Credit and Debit cards
Final thoughts – 101investing Review
If you are considering signing up with this broker, these facts should help you make up your mind.
Overall, we found out that 101investing allows hedging, has four different account types, spreads and fees vary for each account, they are licensed by CySEC through FXBFI, they have inactivity fees, they provide AIs and professional financial analysts.
In our opinion, this broker is worth considering for your long-term commitment. But make sure you want to be a real trader and not stay inactive for months on end.
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