If there is a task that brokers have perfected in their operations is the ability to package assets into tradable instruments through contracts for differences (CFDs). Brokers such as 101Investing have also made it easy for retail traders to access markets easily via online platforms.
Serious traders will always start by studying the broker and the services it offers before they sign up. Could this process be easy when the broker is still fresh in the market? No. That is why this 101Investing review should answer all of your most pressing questions.
*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.
History of 101Investing
101Investing’s parent company is FXBFI Broker Financial Invest Ltd. FXBFI Broker Financial Invest Ltd is registered in Cyprus and carries the Cyprus Investment Firm (CIF) license. Under the Cyprus Securities and Exchange Commission’s (CySEC) guidelines, a holder of the CIF license offers a range of financial instruments to its customers, including CFDs and adheres to best practices and industry standards.
FXBFI Broker Financial Invest Ltd was registered on September 20, 2016, and is under the leadership of several talented directors, highly decorated and respected in their fields, including Mrs Marina Razsoshenko, Mr Henri Chaoul, and Mr Samir Mokbel.
The company founded 101Investing in early 2020, whose primary regions of focus are Europe and the Middle East. Although 101Investing has operated for just a few months, the parent company boasts four years of experience, which has been applied to 101Investing’s delivery of service.
The company is headquartered in Limassol, Cyprus. Its core services are divided into receiving and transmitting orders and executing orders on behalf of its clients. 101Investing started offering CFDs on a range of assets including cryptocurrency since the first day of operations.
101Investing: Regulation and Security
CySEC is 101Investing’s primary regulator. The regulator has been at the forefront of stimulating innovation in the financial industry by providing regulatory support to revolutionary ideas such as cryptocurrency. CySEC boasts an international reputation, and its licenses are accepted in many parts of the world. For instance, all firms with a CIF license can operate within the EU, the Middle East, Africa, Asia, and many parts of the Americas.
101Investing is not just a CFDs broker but part of an investment firm with strict adherence to the regulatory guidelines under which it operates. The company license awarded to FXBFI Broker Financial Invest Ltd, 101Investing’s parent company, specifies brokerage as the primary service.
The same license recognizes 101Investing’s ancillary services as including administration and safekeeping of financial instruments. Other services under the license include custodianship. From the foregoing, 101Investing has regulatory confidence in protecting the funds and interests of the clients.
Is 101Investing Safe?
101Investing’s most significant edge is the experience gained by FXBFI Broker Financial Invest Ltd in the financial investment sector. Specifically, the parent company has been in the market for long enough to understand the essence of robust security measures to secure the personal information of clients and their funds.
A thorough know your customer (KYC) policy is one of the security measures that 101Investing implements. According to information on 101Investing’s website, the broker requires its clients to supply information and supporting documents for identity verification. This, as the website outlines, is aimed at enabling 101Investing to maintain fidelity to international anti-money laundering (AML) guidelines. Some of the documents required include a copy of a valid government ID, a utility bill, and proof of deposit.
The 101Investing website is SSL certified, meaning all the activities on the website are shielded from the prying eyes of bad actors. In addition, 101Investing is verified by Visa and MasterCard SecureCode, which means your funds are protected, whether in transit or held in your 101Investing account. In this light, there is no doubt about the safety of 101Investing.
101Investing Reputation
As earlier noted, 101Investing has been in business for a few months. For this reason, information regarding the reputation of the broker is still gaining ground. Fortunately, FXBFI Broker Financial Invest Ltd is more well-known, and its reputation as an investment company is firmly established.
FXBFI has operated as an investment service provider for four years going to five. In that period, the company has served millions of clients in Europe and the Middle East.
In spite of being a new addition to the space, 101Investing’s reputation speaks for itself. The platform has won several awards, among them being Best Forex Broker 2020 in Europe by BrokerCheck, Best Cryptocurrency Broker 2020 by World Finance, Best New Broker in Europe 2020, and Best Trading Application 2020. Additionally, 101Investing is recognized by reputable entities, including Finance Magnates and ForexLive.
101Investing: Performance, Features and Functionality
101Investing boasts a seamless cross-platform trading capability. When you sign up, you have the option of downloading a free desktop trading software or using a web-based version. Smartphone users can also access the trading platform by downloading the 101Investing mobile app. This multitude of options allows users to trade from any device they feel most comfortable.
Because 101Investing understands that financial instruments such as cryptocurrency CFDs are still new concepts, the broker incorporates an education centre on its website. The feature includes a treasure trove of trading tutorials and information on the nature of CFDs. Other resources you will find under the ‘Education’ tab include webinars, VOD content, articles, eBooks, courses, trading *signals, and more.
*The content of the trading signals available on the platform do not constitute any investment advice or/and investment research on behalf of FXBFI Broker Financial Invest Ltd. The content is based on generic criteria and does not take into consideration individual users personal circumstances, investment experience neither financial situation, trading goals or needs. Additionally, trading signals available have not been prepared in accordance with legal requirements designed to promote the independence of investment research. On the extent that trading signals provided are based on the past performance of an instrument or/and Index, this past performance is not a reliable indicator of future performance nor guarantees future results. Trading Signals users should consider the possibility of encountering substantial losses. Consequently, FXBFI Broker Financial Invest Ltd, shall not accept any responsibility for any losses of traders due to the use and the content of trading signals.
Final Thoughts on 101Investing
CFDs are a game-changer in such a way that investors with small capital can still access and prosper in global markets. Better yet, traders can participate in novel sectors like cryptocurrency without having to actually own any digital currency.
101Investing offers a wide range of CFDs, from precious metals to cryptocurrency. Users can seamlessly switch among the platforms without experiencing a drop in performance and convenience.
Undoubtedly, CFDs are high-risk financial instruments, and 101Investing makes this clear to all users via a risk warning embedded on the website. Nonetheless, the broker allows customers to play the risk for impressive returns by offering leverage of up to 500.
*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.