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Overview
- Broker name: 101Investing is operated by FXBFI Broker Financial Invest Ltd
- Broker type: CFDs
- Country: Cyprus
- Operating since: 2020
- Regulation: Yes
- Address: 79, Spyrou Kyprianou Ave., MGO Protopapas Building, 1st floor, 3076, Limassol, Cyprus
Customer Service
- Phone: +357 80092740
- Email: [email protected]
- Languages: EN, ES, PT, IT, DE, NL, SV
- Availability: Phone, Chat, Email
Trading
- Trading platform: MT4, MT4 Webtrader
- Demo account: Yes
- Mobile trading: Yes
- Web-based trading: Yes
- Other Trading instruments: CFDs on: Forex, Commodities, Stocks, Indices, Cryptocurrencies and Metals
Account
- Minimum deposit: $250 or the relevant currency equivalent
- Maximum Leverage: Depends on the Client Categorization and CFDs Assets Classes
- Spread: Varies
Brief Introduction
2020 has been a rough year. A lot has happened in the world; Meanwhile trading market is going strong, even though it has faced hard times. In this challenging period, brokers try to rise in this industry and offer their products to its traders. Most of the more modern brokers you come across are branches of already established and successful financial brokerages. 101Investing is operated by FXBFI Broker Financial Invest Ltd gives access to the world market to different types of traders. The broker’s main goal is to make sure that clients are satisfied at all times.
101Investing is directed to different types of traders, who are searching for ways to shape their trading career. The 101Investment motto is: Make your trading dream a reality! 101Investing is there to help you out! The broker commits to providing quality education to all traders. As a result, the acquired knowledge allows them to enhance their skills in a transparent environment.
This review, provides all the details you need to know, in case you make the decision to start trading with 101Investing.
General information.
101Investing is regulated with license number 315/16. The company’s registration number is 351508. 101Investing is operated by FXBFI Broker Financial Invest, a well-established company. Despite the fact is a new company, acquired a large and dedicated user base. The traders acknowledge the professionalism of the broker.
Account types
101Investing offers three main account types you can choose from silver, gold, and platinum. All of these accounts have their own unique advantage. The most significant and most remarkable advantages are varied in minimum deposits, fees, and services. Make sure to check them out the next time you’re surfing on 101Investing’s website.
As an example, imagine you use a platinum account, and you pay 0.7 pips on a significant spread. Platinum accounts can have their main currency as either USD, EUR, or GBP. In fact, if you had gold, you would pay 1.3, and as a silver account holder – 2.2. Isn’t that great? Also, silver and gold accounts only deal in USD. Swap fees are lower by 25% for gold and 50% for platinum users.
Trading with 101Investing – All the futures the broker offers
101Investing offers a variety of products and services available that the broker provides. First of all, the moment you start your account you will gain access to a variety of assets with 101Investing. Also, remember that the broker offers CFDs Contracts For Difference on Forex, Stocks, Indices, Commodities, Metals, and Cryptocurrencies.
101Investing follows all the existing trading market standards. In fact, the broker offers traders access to a popular trading platform. MetaTrader 4. The platform is user-friendly and useful for executing trades and enhance your trading experience The MetaTrader 4 is a powerful technological trading engine used by many traders around the world. It was created with the operational quality in mind to provide transparent, functional, and quick access to global markets.
What about fees?
A lot of brokers on the market have fees, and 101Investing is not an exception. The main price that this review discusses on is their inactivity fee. You need to know it in the case that you are not keen on trading frequently and disciplining yourself to be consistent in it, in which case you will have to pay. If you are inactive for a prolonged period, the broker will have to impose the following fees; these are the rules.
In case your account is not active (open and/or close any trade) for а consecutive period of 60 days shall bе classified as an inactive Account. Inactive Accounts will bе charged an inactivity fee as follows:
- For more than 61 days of inactivity, the Client’s account Inactivity Fee will be €160.
- Over 91 days the Inactivity Fee is €120 per month.
- For more than 181 days the Inactivity Fee is €200 per month.
- Over 271 days the Inactivity Fee is €500 per month.
Remember that this fee, even though it’s not that common, is just to make sure that traders and 101Investing clients commit to trading. In fact, it is quite common for many traders to register on a variety of platforms without any activity therefore 101Investing makes sure that the people that register with them will continue to be active.
The company also maintains merchant accounts with the following Payment Service Providers, so you won’t need to worry about this type of technicality:
INPAY, eMerchantPay, Trustly, KoalaPays (UPayCard), Safecharge
Conclusion
Consider whatever 101Investing is a suitable broker for you. It provides the necessary tools to make your trading dream become a reality. Furthermore, the broker has three different account types – that can satisfy different types of traders. Each account type can determine your trading conditions and the services available to you. The broker also has inactivity fees;
Of course, before you decide if 101Investing is a suitable broker for you, consider if you have the necessary time, experience, and knowledge to start trading with high risky financial instruments. Will you commit to trading? Do you want to pass your free time figuring out all the trading patterns and analyzing the market? If yes, then this broker is worth considering for your long-term commitment! However, as we’ve said before, make sure you are an active trader otherwise high fees will impose on your trading account.
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