Porter Finance
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Overview

Read 100% Free & Detailed Porter Finance Review.
Is Porter Finance a Scam Binary Options Broker or Not?
Porter Finance Deposit Process & Complaints – See Below!

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Details

Broker Porter Finance
Website URL www.porterfinance.com
Headquarters 1A, Arcade House, Temple Fortune, NW11 7TL London, United Kingdom
Support Number 0 800 520 0936
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus Up to 100%
Payout 83%
Free Demo Account Open Demo
Account Types Beginner, Standard, Gold, Platinum, VIP
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Neteller
Number of Assets 100+
Account Currency USD, EUR, GBP, AUD or CAD
Overall Score 9.2/10

Full Review

Important Information: Porter Finance is no longer available of delivering financial services to online traders. There is no available information for the present moment why exactly has it discontinued its operational process, just a disclaimer on the official website stating that it is closed. We will keep you posted on further updates.

Update: This broker no longer accepts US clients. You may proceed to another provider – click here.

Porter Finance trading platform was powered by SpotOption which is a common choice for most of the reputable brokers on the market today. The main advantage of this trading platform was that there is no need to download any application. It is completely web based and can be accessed via mobile devices as well.

Review Verdict: Porter Finance is NOT a Scam
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Porter Finance switched to Panda TS platform. This platform is very easy to use and is extremely functional. It has been optimized for iOS and Android powered devices. There are more than 200 assets available for trading at Porter Finance which gives traders a vast choice of assets. A range of different trading options are also offered. Traders can make use of just one or a combination of instruments if they are looking for an advanced trading strategy. Basically, depending on the type of trader you are, you can choose which instruments to use.

For beginners, only one instrument at a time is recommended as this will help them learn the basics of trading before they take bigger risks.

porter finance

Is Porter Finance A Scam?

Porter Finance was opened quite recently, but it has managed to become one of the popular brokers on the binary options market. But, is Porter Finance legit? Or is it a scam that you need to be aware of? We conducted research about this broker and we found that they are going to become registered with CySEC and other regulatory authorities.

Porter Finance offers excellent support to their customers. They operate on a web based trading platform that is easy to understand and use. In addition, they have developed mobile applications for iOS and Android users.

There is a variety of assets available and a great range of trading instruments and tools to make the trading process smooth and profitable. Anyone who signs up with Porter Finance can benefit from their bonuses and promotions. However, it is essential to read their withdrawal policy before accepting any bonuses. It is quite interesting to see that the broker is transparent with its policies. During our investigations, we only found minor complaints from traders who failed to understand their policies.

 

Review Verdict: Porter Finance is NOT a Scam
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Otherwise, there are mostly positive reviews from traders who have had a good trading experience with Porter Finance. The broker is highly reliable and from the services they offer and their features, it can be said that they are legit and safe. There is no reason to believe that Porter Finance is a scam because they are an excellent option for traders.

Porter Finance Binary Options

Porter Finance offers 3 main types of binary options. The first is the One Touch Options where you have to predict the price of the asset and once it touches that price, you get a payout. The payout depends on whether your estimated price was relatively faraway or close to the target price. With Long Term Options, you have to predict whether the price of the asset will fall or rise before they expire. This type of trading option is most suitable for experienced traders who have vast knowledge about the market and are determined to make a long term investment.

porter binary options

Generally, it takes about a week before the option expires, but sometimes, the timeframe can be as long as one year. Hyper Options is also known as 60 seconds options which allow you to trade in high/low options that come with very short expiry times.

Porter Finance Review

Porter Finance was launched in late 2014 so it is still a relatively new player in the world of binary options trading. It was founded by a team of professional brokers with years of experience in the field and it is owned by a UK based company. The broker offers a range of excellent features. Apart from that, they offer excellent learning materials, an easy to use interface and a huge variety of trades.

Porter Finance makes use of the Panda TS platform and since its launch it has been promising excellent customer service to its traders. They have a strong and very dedicated team of customer service staff that is available round the clock to help traders with their problems and concerns. There is a range of trading features available which traders can take advantage of.

>> Visit Porter Finance Website Here <<

In fact, the site accepts traders from many different countries. They have been doing really good in the industry and they also offer a generous welcome bonus to new traders. They are consistently trying to add more and more benefits for traders by growing and improving their site and trading platform.

Porter Finance Complaints

Porter Finance is an amazing broker and there aren’t any major complaints against them. There are few minor complaints that seem to be stemming from misunderstandings and the inability of traders, especially newcomers, to comprehend their trading terms and conditions. When it comes to accepting bonuses, traders must know that it will have an impact on when they can make a withdrawal. Basically, traders are required to make a certain number of trades after accepting a bonus to be able to make a withdrawal. It seems that those who do understand this condition are the ones who face withdrawal problems and therefore they end up making complaints against the broker.

Porter Finance Trading App

Trading at Porter Finance is extremely versatile. Their trading application is easy to use and it be adjusted to suit the needs and preferences of the trader. The types of binary options that are available through their trading app include turbo, ladder, pairs, long term, one touch and high/low.

The wide range of options allows every trader to find an option type that suits their trading style. The range of assets available for trading is also vast. They offer a diversified portfolio of assets from different categories which include stocks, indices, currencies and commodities. Traders will also find a variety of trading and risk management tools to enhance their profitability.

 

Review Verdict: Porter Finance is NOT a Scam
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Porter Finance Withdrawal & Minimum Deposit

The broker offers a number of deposit and withdrawal options. The payment methods at Porter Finance are secure as they make use of SSL encryption to provide protection to all transactions. The methods of payment include bank wire transfer and all major credit cards.

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The minimum deposit amount is 200 and it can be made in currencies such as USD, GBP, AUD, CAD or EUR. However, if you choose to deposit via bank wire transfer, then the minimum deposit you have to make is $500, along with a fee of $30. The minimum amount needed to make a withdrawal via credit cards is $30. To make a withdrawal via bank transfer, you must have at least $100 in your account. The first withdrawal is free every month, but if you wish to make additional withdrawals, you have to pay a fee of $30.

Porter finance Account Types

There are 5 types of accounts to choose from at Porter Finance. The first type is a Beginner Account which is suitable for newcomers who have zero experience in trading. The minimum deposit requirement is $250. The Standard Account is suitable for traders who have little knowledge and experience in trading. Traders are required to fund this account with a minimum of $500. The next is the Gold Account which can be set up with $1000. Then, they offer their Platinum Account for which you require $5000. The last type of account is the VIP Account and it can be set up with a minimum deposit of $10,000.

Important Information: Porter Finance is no longer available of delivering financial services to online traders. There is no available information for the present moment why exactly has it discontinued its operational process, just a disclaimer on the official website stating that it is closed. We will keep you posted on further updates.

Porter Finance Contact

contactThe customer support service at Porter Finance stands out from the rest of the crowd because they are not only available 24/7, but their team consists of highly knowledgeable professionals who provide quick and easy solutions to issues encountered during trading.

To contact the customer support team, traders can call them on their number, send them an email or chat with them live. A contact form that can be found on their website is also a great method to get in touch with their staff.

Whether you need information about their trading platform and features or you have encountered a problem during trading, you will find that their team is competent and very friendly.

Porter Finance Features

To begin with, Porter Finance offers a range of trading account types to its traders:

  • The Beginner Account requires a minimum deposit of $500 and some of its features include 25% bonus, e-book on trading and weekly review of the financial markets.
  • The Standard Account requires a deposit of $1000 and its features include 40% bonus, a trading strategy, access to the academy, ebook and daily as well as weekly review of the market.
  • To open a Silver Account, you need to make a minimum deposit of $2500 and the features you get with this account include 60% bonus, 3 trading strategies, daily and weekly review of the market, 5 risk free trades, VIP academy access, ebook and money management training.
  • There is also a Gold Account where the starting investment is $5000. The features of this account type include 85% bonus, 10 webinars, academy membership, 6 risk free traders and all the other benefits of lower account types.

The 4 types of assets that Porter Finance offers are currencies, stocks, commodities and indices. It has a web based trading platform which means there is no need to download any software to your computer. With their mobile trading feature, you can access your trading account from your smart phone and tablet as well. Their apps are supported on both iOS and Android powered devices.

Conclusion

Good_choice_stamp_t10StrategyAfter completing our detailed investigation and trying out the withdrawal policy of Porter Finance, our team concluded that Porter Finance has a comprehensive and easy to follow withdrawal process.

Out Team at Top10BinaryStrategy.com consider Porter Finance as trustworthy broker with excellent overall score. You can Proceed to Opening Account with this broker or simply visit the site from the button below.

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