Porter Finance Review

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.

Features

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.

Account types

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.

Customer Support

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 (info@porterfinance.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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