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 protected]) 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
I deposited $250.00 back in February of this year and have not made a dime, not even a penny !
I HAD MILLIONS... $2.3 million USD to be exact after trading one friday night and the next day its down to $2500. which i even have trouble withdrawing. can we sue these guys???
Terrible company, traded several months, I finally got back my initial investment but they wouldn't give me the winnings, they constantly kept on giving us different excuses, until they just stopped communicating blocked our access from longing in, all in all very bad experience,
bunch of dogs
beware after doubling my money every time i would place a trade it would give a false price effectively handicapping me this happened every trade for at least 50 trades do not use they are criminals
Rip off all I want is my money back and getting run around to verify account they have had my info for days and now want info again to re verify my account, all I want is my money back and they will not give it back They are stalling and won't return my money this is the biggest scam out there!!! And will not tell you anything if you can get a hold of them. SCAM SCAM!!! And rip offs run people save your money they are lairs and rips offs!!!!!!!!!!
Got my original deposit back. When I tried to withdraw my winnings they asked for my bank info so they could wire me the money...it's be a month since they got my info...no wire transfer yet. But I am getting calls from their broker I think. They are probably trying to get me to not withdraw and give me more bonus. What a joke!
Not perfect but ok
Yes it's true/. Porter finance is not perfect, but we, the US traders don't really have many options. There are only a few US brokers left.
Scam if not outright theft proper , by diffinition when you try to bring your concerns to their attention you will not be able to contact anyone w
The spot platform is designed to keep the investor confused and accept their Strike and amount(price ) of investment at strike as the strike they the investor chose to enter the trade when actually the investor never actually chooses strike the platform does (Fact) when you decide to enter am investment you have chosen the price , direction, put or call you select amount and push apply that moment should be your strike , it isn't your strike I 5 seconds later after the platform gives approval during this time the market is still moving in one direction or another but you can't see it because the approval pop blocks your view for 5 seconds and approves the investment at that point is when you receive your strike therefore the investor never ever choose when he wishes to enter the trade. On short term investing 5 seconds is a lifetime you can be successful or unsuccessful by a fraction of a second or a fraction of a cent the 5 second delay takes away you the investors entry and hands it to the platform and any success you have is purely chance and minimal at best. ( Start a demo account write down price you choose at apply which should be your actual strike and write down price at approval this the strike the platform gives you and your money will be won or lost on your strike and platform strike will never be the same therefore the investor never gets to enter an investment when he chooses only 5 seconds later at platforms strike.. Most don't notice this or assume the time won't make much difference it's the hide and switch time is everything. I explained my concerns to the platform , broker, support, live chat. I was told management would contact me before day's end l that was November,,2015 today is May 2016 still haven't heard from them , my learning curve to find the truth cost me upwards of$10,000.00USD all binary trading is designed for you to lose prove me wrong if you think you can. Anyone can open a trading for as little as $20,000.00 and you might be surprised where some of the profits actually go THINK!!!!
Money taken out of my account
Porter Finance does not run their own trading platform, Panda does. On 4/30/2016 Porter Finance advised me that they had a "system failure" with the OTC trades after midnight Eastern Time USA. I never heard a peep from them until I contacted them. My winning trades were in the MILLIONS and that was reversed, plus some. (Not all of the OTC trades were reversed though, so they are lying to me.) They will not allow me to talk to anyone above their customer service team and keep saying it was a "system failure" and that was not real money I was trading with. I risked my money to trade on my own and this WAS real money. Panda runs their trading platform and I have no idea if either company has any business insurance for such catastrophic issues. Their "system failure" is NOT my problem and my account should be reimbursed the full amount of my OTC trades on 4/30/2016. I am very irate!!! Also, my account is still suspended and I have a trading session tonight...my new broker (my old broker seems to have left the company at this same time as well...) is to call me so that I can talk to him about this, if I even get a call.
Very Good Site
I was can of worried after I put my money into Porter Finance, I won my money back and some. Than I wanted to check to see if I was going to get bad.
I was so new to this process, I was trying to get paid before my documents was approved. After my documents was approved, I was paid, just like they said.
I am going to put money back into my account and stay with Porter Finance.