This classic version of the MetaTrader 4 platform is available as a download so that you can trade on 101Investing from your desktop or laptop. There are versions for both Mac and PC, and it includes similar features to the WebTrader. To open an account with 101Investing, you’ll need to provide proof of identity and proof of address. This process allows 101Investing to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.

nvesting Social Trading

Our 101Investing reviewers found that the whole process takes around minutes. 101investing’s customer support services are offered in 7 different languages, and all methods can be used via your smartphone. 101investing does not offer any trading bonuses to clients as this is prohibited by regulations. Our review team was pleased to find that the broker takes this responsibility seriously, and instead chooses to focus on offer fair terms and conditions to everyone.

nvesting Platform and Trading Tools

• All the regulations and transparency of the firm and broker make it a legit broker.
• In addition, you can find out who the participants are who determine the market’s health.
• Spreads may vary for different accounts, financial assets, and instruments.
• So, for beginner forex traders, the ease of use that WebTrader offers can make it the preferred platform.
• The biggest thing missing from the mobile app is the ability to create watchlists.
• The various retail investor accounts have features that make trades more convenient and easy.

At the moment, the 101investing broker is only providing services to residents in the UK, Switzerland, and the EU, excluding Belgium and France. If you are residing in a non-EU country, you cannot sign up with 101investing. The app is accessible on a wide range of smartphones and tablets, and the functionalities are similar to the PC version except for the algo trading feature. To find out more about what 101Investing offer, and how to register for an account, continue reading our in-depth broker review.

WebTrader

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. 101investing is a tier-one regulated broker offering a handful of financial instruments across the world’s most appreciated CFD trading platform.

Furthermore, configurable elements can be adjusted according to market trends and movements. For those new to trading, opening an account is a fantastic alternative. They can start with the basics and work their way up in terms of risks and rewards. This allows you to register with confidence, something you won’t find at lesser brokers.

Is 101Investing A Scam Or Legit?

I looked the numbers up and they were reported as spam calls from various telemarketers and similar companies. I just emailed them that I am no longer interested and to delete whatever details they hold in my name. 101Investing is a member of the Investor Compensation Fund (ICF), which reimburses insured clients for claims resulting from a member of the ICF’s failure to meet its duties. Whilst the platform lets you invest in Bitcoin CFDs you are not able to buy or sell actual Bitcoin on the site. The main limits which you should be aware of refer to deposits and withdrawals amounts.

The team appears to be very responsive and knowledgeable – however, the opening hours are not quite as long as other similarly sized platforms. As per 101investing our review, this broker offers an exhaustive range of educational resources to enhance users’ skill and knowledge. Some of them include e-books, videos on demand, courses, tutorials, economic calendars, and several more.

What Shares Can You Buy on 101Investing?

These educational resources are very helpful for experienced users as well as the new traders. By reading this material, it is helpful for the users to forecast on the asset prices, do fundamental and technical analysis, and analyze the market’s price movements. As per our review, 101investing provides the users with Metatrader 4, which is very useful for the IoS and Android users.

Markets and territories

While VIP and Platinum account holders are eligible for the lowest spread, the bid-ask difference increases and the max is payable by individuals signing up for the Silver account. While the product mix is right, the broker could have included some more share CFDs from the other major markets such as Europe, the UK, Australia and Japan. In this review, we will take a look at 101investing, the brand name of FXBFI Broker Financial Invest Ltd, an investment firm headquartered in Cyprus. We’re shocked at how expensive the inactivity fee is, especially compared to the rest of the broker’s fees. We’d also like to see a wider range of share CFDs, including some for UK and European companies. It’s worth noting that 101Investing is a relatively young company and it doesn’t publish any information about its internal financials.

• Traders will have the facility of education and research with its official website.
• You’ll also need to complete a quick questionnaire about your trading knowledge and income.
• Security of funds is one of the primary concerns for the company, which is why they offer negative balance protection and keep client funds segregated from corporate accounts.
• You can also remain up to date by reading articles about various assets and trading instruments.
• These summaries offer a concise explanation of what drove trading and what events or price movements to watch for in coming days.

If you are looking for a CFD broker that is legitimate, caters to your trading style, and provides the right trading conditions at reasonable costs, you should consider 101investing. 101investing has three trading platforms, MetaTrader4, Webtrader, and Mobile application. All three platforms help clients of 101investing in the forecast of the trade and invest accordingly. In addition, trading platforms have the tools and analysis of the market for better judgment. Between 74-89% of retail investor accounts lose money when trading CFDs.

As per our review, this broker provides a mobile app that is available for Android and IOS devices, which is designed to make trading easy. This app offers full access to some of the web platform features and connects to the MetaTrader 4 trading platform. Both platforms share several similar features, including being regulated and offering hundreds of different assets to trade.

Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. They are one of the most trusted market players in terms of both customer support and market analysis. Furthermore, the broker’s minimum spreads for Platinum Account customers are 0.03 pips.