Porter Finance Review
- Porter Finance
- Web site
- Online since
– Top Rated US Broker
– Excellent Support Team
– Very Good Reputation
– Online since 2014 only
Porter Finance is a broker that opened in 2014 and they accept US traders. Make sure you take advantage of their awesome first deposit bonus where you get up to 10 Risk Free Trades. Alternatively, if you are looking for something else, you can go to this page to see all US brokers, and pick one that suits you best.
This broker is owned by Running Forest Partners LTD and they have an address in London, UK. You can choose from 5 different account types enjoy the variety of learning material. The broker interface is very easy to use, and the expiry periods range from 30 seconds and go up to 6 months. You can trade currencies like US Dollar (USD), British Pound (GBP), Canadian Dollar (CAD), Euro (EUR) and Australian dollar (AUD) in addition to many other asset types.
They still accept traders from the US, and with this Porter Finance Review we want to tell our US visitors, that this broker is a great option. Porter is known for their excellent support and great trading platform. The broker has a web based platform, but you can also trade on the go on your smartphone. Porter has apps for Android and iOS.
On Porter Finance you can trade 4 types of assets: stocks, currencies, commodities and Indices. The Stocks assets include the popular ones like: Apple, Nike, Tesco, Tata Motors, IBM and many more. There are more than 100 assets to trade. Porter Finance is not Cysec regulated, which means that US traders can also join this broker site.
Porter Finance Deposits
Porter Finance provides a fast and secure trading experience, that is SSL secure. Not only does Porter have a variety of payment methods, but they will also let you deposit and withdraw in a many different currencies including USD, GBP, CAD, AUD, EUR.
The minimum deposit on Porter Finance is only $200 and the minimum trade is $5 for 60 seconds options and $10 for all other types of trading. The maximum payout on this broker site is 83%.
Payment methods: Credit Cards are the most popular deposit methods on Porter Finance. It’s fast, secure and uncomplicated. Everybody has a credit card, so this is the #1 options for most users. Wire transfer is a good options if you are really serious about trading online. It’s recommended to use this payment option for amounts above $15.000.
Neteller is also accepted on PorterFinance. Neteller is an e-wallet that is similar to Paypal. Please note that withdrawing to credit card is free, however when you withdraw via bank wire, you will have to pay $30 transaction fee (however you get one free bank wire withdrawal per month).
Porter Finance Withdrawals
Withdrawing money takes about the same time as with other brokers: they need 2 days to approve the withdrawal and another 5-7 days for the funds to show in your bank account. This broker has many withdraw methods that you can choose from. Some of them are: credit and debit cards, wire transfer, Skrill, Neteller and many more.
Remember to read the terms and conditions when you decide to accept a bonus. Usually these bonuses come with terms that don’t allow withdrawing your money after a short period. Sometimes you have to trade for a longer time, before you can withdraw the bonus.
Porter Finance has 5 different account types. Take a look at the details and choose wisely.
Beginner: Minimum deposit: $250 / Up to 30% bonus / Market Reviews / eBook
Standard: Minimum deposit: $500 / Up to 40% bonus / Trading Strategy / eBook
Gold: Minimum deposit: $1000 / Up to 75% bonus / 3 Trading Strategies / 5 Risk free trades
Platinum: Minimum deposit: $5000 / Up to 100% Bonus / 10 Risk free trades
VIP: Minimum deposit: $10.000 / Contact your manager for a special package
Porter Finance Education Center
If you are new to binary options, you could find this feature extremely useful. Porter Finance has an education section where you can learn the basics of binary options trading. We recommend going through these resources, because it can help you become a better trader and make more money with binary options.
The eduction section of this broker has 5 parts. The first one is an introduction to binary options trading, chance and risk, advantages and trading in general. The second part is a more in-depth course where you will find out more about financial management, market analysis and trading psychology. The third part is an advanced course that discusses how to choose a winning strategy, furthermore you will find more information about basic technical analysis and advanced technical analysis. The forth part is actually a free ebook which includes some essential terms and tips and shows you how to use trading tools. The fifth part is an economic calendar.
Porter Finance has a very good support team. They are available 24/7 and you can contact them via phone (the number is +44 203 519 2532), live chat, email (email@example.com) and contact form. Especially the live chat is the one that stands out here. Whenever you have an urgent problem, you can get it solved with the live chat. The support team is always friendly and competent.
Is Porter Finance a Good Broker?
Yes, Porter Finance is an excellent option, especially for US traders. They have a good reputation, stellar support team and good bonuses. If you are new to binary trading, you can check out the education center, and if you are an experienced trader, then you can choose from one of the VIP account types to take advantage of the bigger deposit bonuses. Porter Finance offers a free ebook that will get you started in no time, and there are many assets to choose from. Porter Finance is definitely a good broker.
Make sure to check out this list with all US welcome binary options brokers.
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Safe & Trusted Broker
Traded with them for about 3 months there numbers are way different then the actual trading number I never took a bonus and now I can't withdrawl my money as the keep giving me excuse after excuse and most of the email responses I get from accounting I can't reply to because they are no longer in existence don't do business with them unless you want to be scammed it's been about 30 days since I was approved for my withdrawl and still have not received it and they have told me it was sent to my bank which it was not!
Don't trade on your own, follow your broker. Trading on your own is stressing.
I'm following my broker so far and i already earned 15% of my total investment.
Good Luck !!
BE WARNED THIS IS A SCAM11
THIS IS A SCAM. I put in 500,00 dollars from my credit card and porter charged 1600.00 dollars. and I can't get anyone to call me back. Be warned STAY FAR AWAY FROM THESE CROOKS111
In profit already
I don't understand all the bad reviews here. Are you made because you make bad decision and can't win money? That's really your fault. I deposited the minimum in April 2016 on porter finance and I am already in profit. Good lucks guys.
started with an small amount with the time get stronger
the market is scary world but
some time you win some times you lose
but if you have the correct help from the broker you can actually make
good money with out effort, about the money.. make sure you verify your account if you want to enjoy the profits
Good bless all
don't be fooled don't make a mistake this is a scam they will play around with you and keep on asking more deposits but you will never see your money back
i talked to rep cant mail
id info or talk to finance dept. they are on line only
get a call back nope
porter finance seems to have trouble verying us i d
both virtnext and centument stay away
ask your bank to refund and move on
maybe thats why now on banks do not deal with list call bank card dept before depositing with any trader for their updates i learned the hard way also stay away from binary book and cedar finance
Lots of problems
The first big red flag is that they offer you a set percentage bonus depending on how much you deposit.
At $200 it is supposed to be 30%
The truth is that they do not offer bonuses unless the broker assigned to you decides to give you the bonus.
Then you need to fully cycle the whole bonus in order to get a payout.
The broker does call you and will work with you. They will tell you when to buy and it moves fast. In 10 minutes they might make you more money.
But being smart investors it's pointless for you to bother with them unless you are putting in at least $5000.
They tend to pay 65 cents on the dollar for a successful guess.
They do not have a no touch option.
Overall they are lacking in option and are misleading.
I would have given 3 stars except the very last moment I bet $400 ($660 payout) and the system did its very first delay on me.
This delay cost me the whole amount, the starting point was much lower and this caused the change to hit outside the zone at the end of the 30 seconds.
I only lost $250 of my own money, but I would have at least doubled it had that glitch not happened.
Porter finance is a joke. I've tried for two months now to withdraw my money and received nothing but the run-around. I was cursed out today by their broker who called me to invest more money when I told them I wanted to talk to someone about my account. Their customer service is terrible. They don't return phone calls in a timely manner. There is a HUGE discrepancy in the prices listed on their website and what the market is actually trading at. I could go on all day. Just save yourself some time money and effort. Here is what the SEC has to say about these websites
The first category of alleged fraud involves the refusal of certain Internet-based binary options trading platforms to credit customer accounts or reimburse funds after accepting customer money. These complaints typically involve customers who have deposited money into their binary options trading account and who are then encouraged by “brokers” over the telephone to deposit additional funds into the customer account. When customers later attempt to withdraw their original deposit or the return they have been promised, the trading platforms allegedly cancel customers’ withdrawal requests, refuse to credit their accounts, or ignore their telephone calls and emails.