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101Investing review 2020: Buying Crypto CFDs – test and our experience

In this article we introduce to you the CFD broker 101Investing and examine whether the broker, which just went online in June, is a trusted and safer alternative to established brokers such as eToro or Plus500.

About 101Investing

101Investing is a new CFD broker that aims to shake up the market of established brokers and offers access to more than 250 CFDs on its platform, including forex, cryptocurrencies, commodities, stocks and indices. The company behind the platform is a subsidiary of FXBFI Broker Financial Invest Ltd, a Cyprus based company regulated and supervised by the Cyprus Financial Supervisory Authority.

The available leverage corresponds to the legal requirements of CySEC and are as follows:

  • 30:1 for major currency pairs;
  • 20:1 for non-major currency pairs, gold and major indices;
  • 10:1 for commodities other than gold and non-key stock indices;
  • 5:1 for individual shares and other reference values;
  • 2:1 for cryptocurrencies.

A big advantage of the broker is that the minimum deposit is very low compared to many other brokers and is just 100 US dollars. Another positive aspect is that the 101Investing website is available in English, German, Portuguese, Spanish and Italian.

Most important info

✅ Website address: httpss://www.101investing.com
✅ CFDs: crypto currencies as well as commodities, forex, stocks, indices, metals
✅ Leverage: up to 1:30 (for private customers)
✅ Minimum deposit: $ 100
✅ demo account: Yes, free of charge
✅ Deposit and withdrawal methods: Bank transfer, credit and debit cards (Visa/MasterCard), Skrill, Neteller, Trustly

**Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is 101Investing trustworthy and secure?

101Investing is regulated by the Cyprus Securities and Exchange Commission, better known as CySEC, the Financial Supervisory Authority of Cyprus. As an EU member state, the financial regulations and operations of CySEC comply with the European Financial Harmonisation Law MiFID, which means that 101Investing is subject to the strict legislation of the European Union. For this reason alone, 101Investing appears to be a very trustworthy broker.

The company behind the trading platform, FXBFI Broker Financial Invest Ltd, is authorised and regulated by the Cyprus Securities and Exchange Commission under licence number 315/16. The CySEC Regulation gives FXBFI Broker Financial Invest Ltd and its broker 101Investing the right to provide cross-border services to other members of the European Economic Area. The address of the company is 13 & 15 Grigori Afxentiou str. IDE Ioannou Court, 3rd floor, office,301, 4003 Limassol. With this information 101Investing is very transparent, which is another argument for the trustworthiness of the broker.

Under the terms of the CySEC, 101Investing is also a member of the Investor Compensation Fund (ICF) for clients of Cypriot Investment Firms (CIFs). The main function of the ICF is to compensate the covered clients for any claims arising from a member of the ICF failing to meet its obligations to its clients, whether such obligation arises from legislation, the client contract or from the misconduct of the ICF member.

All in all, there are strong arguments for 101Investing being a serious and trustworthy broker.

Account types at 101Investing

101Investing offers three different account types: Silver, Gold, Platinum and Pro (Exclusive). Each account has certain advantages, but also limitations. In particular, the leverage depends on the account type. There are also significant differences in fees, spreads and swap fees, which are 25% lower for gold account holders and 50% lower for platinum account holders:

101investing

Silver account

  • Amount of FX leverage (for professional clients only) is 1:200
  • no swap rebate
  • Islamic

Gold account

  • Amount of FX leverage (for professional clients only) is 1:400
  • Swap discount 25%
  • Islamic
  • Own account manager
  • Webinars and Videos

Platinum account

  • Amount of FX leverage (for professional clients only) is 1:400
  • Own account manager
  • Islamic
  • Swap Discount 50
  • Free VPS
  • Webinars and videos

Pro account

The Pro account is available exclusively to VIP clients and goes beyond the limits set by private traders: higher leverage, access to more than 350 CFDs and a premium loyalty program. Anyone interested in the account must meet three criteria:

  • “relevant” trading volume with at least 10 trades per quarter
  • Portfolio worth more than EUR 500,000
  • Expertise in the financial sector

Platforms for trading on 101Investing

Webtrader

For CFD trading 101Investing offers the MT4 WebTrader. This is a popular platform that can be used not only for executing trades, but also for analysing financial markets and automated trading. MT4 can be downloaded to any computer, supports 18 languages and is accessible via any web browser or mobile application.

MetaTrader 4

MetaTrader 4, also known as MT4, is an industry standard trading platform. It is a software that must be downloaded and installed. You can then trade on 101Investing via your desktop PC or laptop. It is undoubtedly the most popular trading platform on the market, preferred by both professional traders and beginners, and was first released in 2005 by MetaQuotes Software. The software offers over 50 editable market indicators as well as trading robots that make automated trading sessions easy to perform.

Mobile app

101Investing’s mobile app is available for iOS and Android devices and is designed to make trading quick and easy. The app gives full access to the same features as the web platform and connects to the MT4 trading platform.

Available CFDs on cryptocurrencies

At 101Investing you have a choice of 20 different cryptocurrencies, which can be bought either against the US Dollar (USD), Euro (EUR) or the British Pound (GBP). It is important to note that 101Investing only offers CFDs on cryptocurrencies and not “real” Bitcoin. What at first seems like a disadvantage can also be an advantage

With CFDs you do not need to own the cryptocurrencies yourself. So you don’t have to worry about keeping your Bitcoin, Ethereum or other Altcoins in a wallet. Instead, your investment is kept in your account with 101Investing, which is less susceptible to hacks. Below is the list of available cryptocurrencies:

  • BAB vs USD
  • BSV vs. USD
  • BTC vs. EUR, GBP, USD
  • BTG vs. USD
  • DASH vs. EUR, GBP, USD
  • ETC vs. EUR, GBP, USD
  • ETH vs. EUR, GBP, USD
  • IOTA vs. USD
  • LSK vs. USD
  • LTC vs. EUR, GBP, USD
  • NEO vs. USD
  • QTM vs. USD
  • SIC vs. USD
  • USDT
  • XEM vs. USD
  • XLM vs. USD
  • XMR vs. USD
  • XRP vs. EUR, GBP, USD
  • XVG vs. USD
  • ZEC vs. USD

Trade crypto CFDs on 101Investing

Fees

At 101Investing, the client is not charged any deposit fees, nor is a commission charged. However, as with most brokers, 101Investing charges a spread. This is the difference between the bid (sell) and ask (buy) price. The difference is expressed in pips and reflects the cost of opening the position. For the latest spread fees, please visit the official 101Investing website.

It should also be noted that an account that is not active has to pay an inactivity fee. This is charged in connection with maintenance, administration and compliance management and is structured as follows:

  • If you are inactive for more than 61 days, the inactivity fee is 80 EUR, retroactively for the entire inactive period (i.e. after 61 days of inactivity your account bе becomes 160 EUR inactivity fee).
  • If you are inactive for more than 91 days, the inactivity fee is 120 EUR per month.
  • If you are inactive for more than 181 days, the inactivity fee is 200 EUR per month.
  • If you are inactive for more than 271 days, the inactivity fee is 500 EUR per month.

Furthermore, 101Investing charges a rollover fee, which is deducted from the value of the position and is only charged if the position is kept open overnight. Furthermore, the broker reserves the right to charge a payout fee of 50 EUR if it is an insignificant amount. However, clients will be informed of this in advance.

Payment methods

101 Investing offers its customers various simple and secure payment methods. For example, the platform allows its customers to pay via various banking options:

  • Bank transfer,
  • Credit and debit cards (Visa/MasterCard),
  • Skrill,
  • Neteller,
  • Trustly

Bottom line

According to our investigations 101Investing is a serious and trustworthy broker, which is subject to the strict regulations of the CySEC. The company offers trading via the popular MT4 trading platform. The website is available in 5 languages: English, German, Spanish, Portuguese and Italian. Furthermore, the broker calculates a competitive spread for platinum account holders and also offers an account for professional traders.

**Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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