Porter Finance Broker Review, Read This First!!

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7 Binary Options

UPDATE (10.01.2020):

We have found out that Porter Finance has shut down their operations.

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Old Review:

It does not happen a lot but once in a while when we do a review where along comes a newer broker that we really feel does things right. That is exactly what you will read here about this newer broker we are about to review. They truly have one of the most well rounded binary options trading sites that we have seen. The name of the broker is Porter Finance and we now know why we have been hearing so much about them. Let’s take a look at this exciting newer broker a little more closely.

Porter Finance was first established and traded on in 2020. They are a binary option broker headquartered from the United Kingdom and is allowed to be traded on by anyone that does not live in Turkey and US. They are a binary options trading site that has consistently grown in the number of investors that trade with them since they first opened. That is a big sign that a company is doing something right when it comes to binary options trading.

It is a company that has already been recognized with several awards for the way they use forward thinking in the design of their website and the multiple options that traders can choose from when using their trading platform. It seemed like everything that our review team looked at it led us to nodding our collective heads in approval. We simply cannot say enough good things about the site. Ok so we like it but everyone needs to judge for themselves, so let’s get on with the review and see if our readers come up with the same conclusions we did concerning Porter Finance.

Basic information:

Online since: 2020
Jurisdiction: UK
Software: Panda TTS
Max Returns: 83%
Bonus: 100%
Minimum Deposit: $200
Minimum Investment: $5
Maximum Investment: $2500
Currencies: USD, EUR, GBP, CAD, AUD
Mobile: No
Countries: All nations excl. Turkey

– Exceptional deposit bonus
– High Returns on Investment
– Small minimum investment
– A very user friendly trading platform interface
– Wide variety of options

– No customers from Turkey and US accepted

7 Binary Options Rating:

Key Features

When a website gets a 5 star rating from us you know it is a website with a wide assortment of key features that we really liked; such was the case with Porter Finance. We could dedicate about 10 pages to describing the key features alone on the website. We know you just want a quick summation for your needs so that is what you will get.

One of the nice things that Porter Finance brings to the binary option trading table is a fresh new way of doing things. They chose not to limit themselves by signing up with a regulatory agency so they could give their investors a wider variety of assets to trade on and a wider variety of options to trade them with. One recurring theme you will hear throughout this article is that Porter Finance likes to make trading on their site fun and interesting. There is nothing that says that something as serious as financial market trading can’t be fun while doing it, almost like using an automated binary option robot.

Bonuses

We were impressed by the bonuses that Porter Finance had to offer for sure. You don’t see a site very often that has no limit when it comes to deposit bonuses; that is a site that really wants to sign up some new customers and get them trading. Who doesn’t like a little ‘free money’ in their account every once in a while. Signup bonuses can open up a lot of doors to binary options traders; they can be the deciding factor whether to make a trade one might ordinarily not want too risk or they can be used to help offset losses from learning a new trading platform. Bonuses can do all of these things and more.

The signup bonuses on Porter Finance are based on the amount of the customers initial deposit level. When a customer signs up for the website they are also placed in a certain account level; we will talk more about this under accounts. Each account level has a signup bonus percentage attached to it and once the deposit is made that signup bonus percentage will be added to an account. It usually happens very quickly.

It must also be noted that signup bonuses cannot be withdrawn until certain conditions are met, otherwise people would just be signing up for binary options trading sites just to take the bonus money and then leave the site. Brokers now have trading stipulations that require a minimum amount of trading before any money can be withdrawn. In Porter Finance’s case that amount is equivalent to trading 30 times the amount of the signup bonus. If after that a percentage of the bonus is still in the account, then a customer can withdraw any or all of the leftover bonus money.

Porter Finance also has the right to offer special bonuses at any time such as seasonal bonuses, additional deposit bonuses and loyalty bonuses.

Maximum Return on Investment (trade payout)

We had to make a deposit to get on the site and do some exploring so while we were doing that we decided to place some trades too. Porter Finance claims that their return on investments can be as high as 83%; that is a figure that is higher than the overall average in the industry. After making a few winning trades we found this statement not to be very far off at all. Those are some good returns on any investment if you are cashing in on your trades often enough.

Returns on investment are a sure sign of a broker’s integrity and fairness and it also reflects that the broker is doing a good job of other things too that are helping those that trade with them be successful. There are minimum and maximum trades that are designated on the website; the amount of the minimum investment is a very low $5 and the maximum investment figure is $2500. That is an investment range that should easily satisfy both novice and big time traders.

Testimonial

Types of accounts

There are many different levels of accounts on Porter Finance; as is standard practice in the industry different account levels have different features that are assigned to them. The general rule is the higher the deposit the greater access to more features. Higher accounts generally have better features than the accounts below them and have all the features that the lower accounts have too.

Porter Finance Accounts:

  • Basic Starting investment = $250

This account level features up to a 25% trading bonus, daily and weekly updates of the market, and a free informational eBook. This trading level is best for those that are just beginning to trade binary options and are looking to see if it is for them.

  • Standard Starting investment = $1000

This account level features up to a 40% trading bonus, daily and weekly updates of the market, a free informational eBook, a trading academy membership and 1 free trading strategy. This account is for those investors that are getting some experience trading and want to take the serious of their trading up one notch.

  • Silver Starting investment = $2500

This account level features up to a 60% trading bonus, daily and weekly updates of the market, a free informational eBook, a trading academy membership, 1 free trading strategy, 5 informational webinars, 3 risk free trades, 3 one on one lessons with a dedicated broker, a system to help you manage your money and extremely fast withdrawals. This account level is no doubt for those who take their trading very seriously.

  • Gold Starting investment = $5000

This account level features up to an 85% trading bonus, daily and weekly updates of the market, a free informational eBook, a trading academy membership, 1 free trading strategy, 5 informational webinars, 6 risk free trades, 3 one on one lessons with a dedicated broker, a system to help you manage your money, extremely fast withdrawals and 10 informational webinars.

Trading Platform

Porter Finance uses the very popular SpotOption binary options trading platform. This platform has been shown to be simple to learn and use even for novice traders. It features a slightly customizable layout that is very easy to navigate around to find such things as how your trades are doing, current market news and to access a webinar. The SpotOption platform is popular because of the way it has evolved with binary options trading over the years.

Screenshot

Assets and Trading

Porter Finance likes to offer its traders a large variety of assets in which to choose from and also will keep track of current market news about them. It seems like many traders have certain assets that they do well trading and Porter Finance ensures that is the case by having a large choice of assets to choose from. The asset list includes both stocks, indices, commodities and matched currency pairs.

The options that investors have on Porter Finance available to them are High/Low options, One Touch options, Long Term options, 60 second options, Ladder Options and Pair Options. That is as big of an assortment of options as you will find on any binary options trading site. These options can be traded on such timeframes as 30 seconds, 60 seconds, 5 minutes, 30 minutes, 1 hour, 1 day, End of Day, End of Month and 30 day timeframes also.

Learning Tools

Porter Finance has a variety of free learning tools that are available to those who sign up to trade with them. These include full access to their Education Center, in depth Binary options courses for beginners and advanced traders, a free informational EBook and several online webinars.

Perhaps the best learning tool is Porter Finances demo account. This will help any level trader adapt to the trading platform as they become familiar with how to use it. It also will help investors gain trading confidence through trial and error without risking any real money in the process.

Banking

Banking is another area where Porter Finance is really strong. They have a large of amount of options for making deposits and withdrawals. These include Visa, MasterCard, Amex, Cartebleue, Bank Wire transfers, Skrill Moneybookers, Diners Club, iDeal and Maestro.

The minimum withdrawal is $30 for a credit card, $30 for Skrill and $100 for a deposit into a bank account. Porter Finance often gets most withdrawals done in 2 days which is much better than the industry standard.

Banking on Porter Finance is also done in a very safe and secure manner. The site is SSL encrypted to protect the sensitive information of those that trade on it. It is all part of the companies policy of trying to do better than the competition.

Customer Service

Porter Finance features outstanding customer service that can be accessed by phone, chat on Skype, e-mail, and by fax. Their customer service team is both courteous and knowledgeable and can help a trader solve almost any problems or answer their hardest questions easily. Unfortunately there customer service personnel speak predominantly in English.

Conclusion/Summary

Porter Finance definitely gets some very high marks from us, especially for their high return on investment, very generous signing bonuses and the speed of their withdrawals. These are all things that make a site very enjoyable to place trades on. With the excellent customer support, the wide variety of learning tools and the easy to use trading platform, we have no problem highly recommending Porter Finance to all levels of binary options traders.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 30 sec, 60 sec, 5min, 15 min, 30 min, 1 hr, 24h, 24 hr+, End of Day, End of Week, End of Month, 30 days, 150 days
Deposits and Withdrawals: Visa, Mastercard, Bank Wire, Skrill Moneybookers, Visa Electron, Cartebleue, Amex
Withdrawal Time: 2 days
Demo account: Yes

Porter Finance Articles:

7 Binary Options review: Porter Finance : 5 stars.

Porter Finance Review

Trading Platform Porter Finance

Porter Finance provides their users with the must up-to-date version of the SpotOption trading platform. The platform itself offers a quick and responsive UI as well as a wide range of features and tools that allow users to optimize and speed up their trading processes. SpotOption is one of the most widespread trading platforms out there as it guarantees simplicity, reliability and flexibility. The new SpotOption also supports mobile devices, including Android and Apple iOS smartphones and tablets.

The Porter Finance platform provides risk management tools such as buy me out, double up, and rollover. The trading interface is modular and you can also use other window settings, depending on your individual trading style.

Porter Finance has the following unique features:

  • Double Up
  • Roll Over
  • Buy Me Out
  • Social Trading

Porter Finance offers a vast list of assets including more than 100 stocks, 53 indexes, 11 commodities, and 28 currency pairs.

The Porter Finance academy offers good resources to help traders improve their trading skills. These are divided according to levels to enable each trader to quickly find materials that are most suitable for their needs. This broker also offers a demo account.

Porter Finance offers 24/7 support through phone, chat, Skype, and email. Phone numbers are available for the UK, Australia, Canada, South Africa, and New Zealand. This broker currently offers support only in English. Its website has a useful FAQ section that traders can use for self-help.

Porter Finance uses SSL encryption to safeguard all transactions. The minimum deposit amount is 200 USD, EUR, GBP, AUD or CAD depending on the currency you choose. With bank wire, the minimum amount is $500, with a $30 fee. Withdrawals are quite fast and processed in two days.

  • Excellent support team
  • Very good reputation
  • SpotOption trading platform
  • Extensive resource of educational materials
  • Ideal for beginners and novice traders
  • Only started out in 2020
  • Few withdrawal options

Platform type: SpotOption

Platform Languages: English, Spanish, German, French, Russian, Chinese, Japanese, Italian

OS Compatibility: Mac OS, iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: No

Company information Porter Finance

Located in: London, United Kingdom

Website: https://www.porterfinance.com/

Founded in: 2020

Accepts US Clients: Yes

Phone number: +44-2035192532

Email: [email protected]

Account Options Porter Finance

Commission:

Minimum Deposit: $200

Payouts Percentage: 83%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, Neteller

Withdrawal Options: Credit Card, Debit Card, Bank Wire Transfer, Neteller

Payout Ratios: Porter Finance offers payout up to 83%.

Available Assets Porter Finance

Forex, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English

Customer Service Hours: Porter Finance’s customer service hours are 06:00 GMT to 23:00 GMT.

Place Trades Over the Phone?: No

Porter Finance Trade types

Porter Finance offers the following trade types:

  • Standard Call/Put Binary Options
  • Pairs
  • Long Term Options
  • One Touch Binary Options
  • 60 Second Binary Options
  • Ladder

Porter Finance Trade accounts

Porter Finance offers the following trading accounts:

Starter Package – 1000 starting investment

  • 20% bonus
  • Ebook
  • Daily market reviews
  • Educational videos
  • Webinars

Silver Account – 5000 starting investment

  • 30% bonus
  • Daily market reviews
  • 1 risk free trade
  • 1 academy session
  • weekly signals
  • webinars

Gold Account – 10,000 starting investment

  • 45% bonus
  • Daily market reviews
  • 3 Risk Free Trades
  • 3 Training Sessions
  • Live webinars
  • Daily signals
  • Dedicated broker

Platinum Account – 25,000 starting investment

  • 60% bonus
  • Daily market reviews
  • 5 risk free trades
  • 5 training sessions
  • Live webinars
  • Daily signals
  • Dedicated broker and managed account
  • Same day withdrawals
  • Money management system

Diamond Account – 50,000 starting investment

  • 80% bonus
  • Daily market reviews
  • 10 risk free trades
  • Academy VIP membership
  • Live webinars
  • Daily signals
  • Dedicated broker and managed account
  • Money management system
  • Expedited withdrawals

Royal Account – 100,000 starting investment

  • Upto 50% insured account + bonus
  • Academy VIP membership + personal coach
  • Live webinars
  • Daily signals
  • Dedicated broker and account manager
  • Money management system
  • Expedited withdrawals
  • Exotic vacation of your choice
  • Contact a senior account manager for more information

Porter Finance Position In Our Categories

Position of Porter Finance in our main categories:

Porter Finance is one of the top 50 Binary Options Brokers products

If you are interested in Porter Finance it might also be a good idea to examine other subcategories of Binary Options Brokers listed in our database of B2B software reviews.

It’s essential to keep in mind that hardly any service in the Binary Options Brokers category is a perfect solution able to meet all the goals of all investors. It may be a good idea to read a few Porter Finance reviews first as some solutions may actually perform well exclusively in a specific geography or situation or be created with a very specific customer in mind. Others can function with an intention of being simple and intuitive and therefore lack advanced functions desired by more experienced users. There are also services that focus on a large group of customers and provide a rich feature toolbox, however this usually comes at a higher price of such a service. Ensure you’re aware of your requirements so that you get a service that offers exactly the elements you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Porter Finance reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Porter Finance. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Porter Finance Review

Review

Porter Finance, founded in 2020, is a binary options broker domiciled in London, UK. Porter Finance may be the new kid on the block but with its dynamic platform and choice of over 100 different assets, it is poised to become a leader in the industry. Porter Finance is also one of the few binary option brokers that accept U.S. clients.

Accounts

Porter Finance offers its clients a choice of four different accounts. The minimum deposit for opening the Beginner account is $200 and there is a bonus of up to 30% on the first deposit. The Standard account requires $750 to start and a bonus of up to 40% is available.

$1000 is needed to open an Executive account which comes with a 75% bonus, 5 risk-free trades, 3 trading strategies and money management training.

A VIP account is available for big investors who would like to deposit $100,000 or more.

Anyone opening an account receives a free ebook, Academy membership and at least one trading strategy.

The minimum trade amount at Porter Finance is $25 per trade. The maximum trade amount is $2500.

Features

The Porter Finance site is easy to navigate and highly intuitive with everything clearly marked out on the top bar. Selecting an asset is done from a drop down box, making navigation simple. Drop boxes are also used for choosing the expiration time, and the amount to be traded can just be typed in. Assets include indices, stocks, commodities, and currency pairs. Many of the underlying assets that they offer are not offered elsewhere, such as the Tel Aviv 25 index.

The Glossary of terms is an added feature that not all binary option brokers offer their traders. The list is all-inclusive and informative.

I was somewhat surprised to see that the website is only offered in English.

Bonuses

Deposit bonuses are mentioned in the different account descriptions but I could not find any additional information on other bonuses or promotions. Perhaps in the future they will offer them.

Education

When it comes to educating traders, Porter Finance is way ahead of the game. At their Education Academy, they cater to traders of all levels. Their ongoing mission is to keep investors up-to-date on all the latest trends and developments in the binary trading world and they use cutting-edge technology in their online video tutorials and live webinar streaming.

The online tutorials range from basic information about binary option trading to more advanced subjects such as Support and Resistance, Aggressive Trading 10/30 rule, Market Analysis, Trading Psychology and other intriguing topics.

Their regular live webinar sessions are led by expert financial analysts and provide key market insights and valuable advice on how to perfect one’s trading strategy.

The Porter Finance eBook is a manual for binary option traders where leading financial experts have shared their market experience on key trading strategies and tactical tricks to maximize a trader’s payout potential. Beginners in particular will benefit from the eBook’s extensive glossary of trading terms and step-by-step guide on how to trade binary options.

There is mention of a market review section but that has not been posted to the site at the time of writing this Porter Finance review.

An Economic calendar is available which is both comprehensive and clearly presented.

Deposits/Withdrawals

Money transactions at Porter Finance can be made using a MasterCard, Visa, American Express or Discover as well as wire transfers directly from a bank, or an online wallet, such as Skrill or CashU.

Customer Support

Customer support is available 24/7 via email, phone and chat. When I spoke with Chat while doing this review, I found them to be very service oriented pleasant to deal with.

Conclusion

Porter Finance seems to cover all the necessary features needed to trade with ease. The only thing missing at the moment is the fact that they are not yet regulated. However, they are still relatively new and there is a good chance that this will be happening in the near future.

Features

There are many outstanding features at Porter Finance but it is their strong support team that stands out from the rest. What they offer is the same as that of other brokers but the difference is how they are presented, how easy they are to use, and how much help you can get when you need it.

All this means that Porter Finance values its customers and is interested in seeing them succeed. They strongly believe that a good business cannot keep going if it doesn’t provide value to its customers.

General Information

Company Information

  • Broker’s Name : Porter Finance
  • Headquarter : United Kingdom
  • Regulation : None

Account Information

  • Type of Broker : Binary Options
  • U.S. Clients Allowed :
  • Minimum Deposit : $200
  • Maximum Leverage : N/A
  • Account 1 : Standard
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Windows
  • Mobile
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :
  • Customer Support

    • English
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :
  • Pros and Cons

    • High Tech Website
    • Choice of Accounts
    • Responsive Customer Support
    • No Regulation
    • English Only

    Platforms

    SpotOption

    Porter Finance uses the SpotOption platform, one of the most popular binary option platforms in the market today. The platform offers built in option indicators and offers some unique features that give keep binary options trading fast-paced and dynamic. Some of the additional features of a SpotOption platform are not offered at Porter Finance but there are certainly enough for traders of all levels to dig their teeth into.

    The various binary option choices are listed on the landing page and each one is accompanied by a colorful graph that shows live activity and ongoing price movements.

    The 60 seconds option is superfast and full of action. Traders can open multiple positions, and view the results in less than 60 seconds.

    With the One Touch binary, the price has to reach the goal rate only once during the following week and traders can earn the return percentage of his/her investment. This is a bit more challenging, as direction is not enough – it actually has to hit the target. However, the high payouts can make it well worth the while, going up to 83%.

    Roll-Over and Double Up are two profit maximizing features that allow traders to create larger positions. Roll Over allows the trader to delay expiry time and Double Up allows them to recreate the same position, with the new market conditions.

    Using the Pairs option, a trader can trade on one asset vs. another, for example, Gold vs. Silver.

    With the Ladder option, traders can receive multiple strike prices with different dynamic payouts for each position, allowing for relatively high payouts for short term trades.

    There is also a long-term option for traders who are in for the long term.

    User Reviews

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    Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

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