Porter Finance Honest and Fair Review – All Bonuses Listed

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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

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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 Broker Review

Porter Finance is quite new but one of the fastest growing binary option brokers on the market. We are here to find out what their secret is and what they offer their customers and traders to make this growth possible. The company has been online since late 2020 but still they have managed to acquire massive number of regular traders to their broker services. Porter Finance is UK founded company and acting under their laws. They accept customers from every country excluding Israel and Turkey and their excellent customer service is key factors of their success. They are constantly improving it to gain edge to other brokers and their bonuses are also generous to attract new traders to join their team.

Following sections are found below in this review:

  • Trading accounts
  • Testimonials
  • Demo account
  • Features
  • Tradable assets
  • Banking
  • Customer service
  • Overall rating

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    Porter Finance Ratings

    [yasr_multiset setid=0]

    Porter Finance in a Nutshell:

    • Broker: Porter Finance
    • Platform: SpotOption
    • Founded: 2020
    • Bonus: Up to 75%
    • Return/Refund: 60-87%
    • Number of Assets: Around 200
    • Demo Account: Yes
    • Minimun Deposit: $250
    • US Traders: Accepted
    • Options: Standard, Range, One Touch, 60 seconds
    • Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, en of the month, end of the year
    • Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill Moneybookers, Cartebleue, Visa Electron
    • Email: [email protected]

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    Bonuses and Types of Accounts

    Porter Finance offers 4 different account types with each of their own benefits to trader such as bonuses and personal education and service level. Bonus turnover must be 30 times before withdrawal.

    Basic Account: Deposit; 500

    • Up to 25% Bonus
    • Weekly market updates
    • Ebook

    This account comes with a 25% initial deposit bonus and offers weekly market reviews. Additional trading eBook and basic guidance to platform use will also be provided.

    Standard Account: Deposit 1,000

    • Up to 40% bonus
    • Daily market reviews
    • Trading eBook
    • 1 Trading strategy

    The standard account gives better welcome bonus up to 40%, you get also daily market reviews instead of weekly reviews, and academy membership. It also allows to access on 1 extra trading strategy course on top of that. This will ensure better trading results.

    Silver Account: Deposit 2500

    • Up to 60% bonus
    • 5 webinars
    • 3 risk free trades
    • 3 one on one lessons
    • Dedicated broker
    • Money management system
    • Expedited withdrawals

    With Silver account you can get bonus as high as 60% from the initial deposit and VIP Academy Membership. On top of that trader will get 3 trading strategy tutorials, money management training and 5 risk free trades.

    Gold Account: Deposit 5000

    • All the above features +
    • Up to 85% bonus
    • 10 webinars
    • 6 risk free trades
    • Academy membership
    • Free Signals

    Gold account is the second highest account level available for investors. It will provide full 85% welcome bonus and offers 6 different educational trading strategies and 10 risk free trades.

    Our recommendation is to reach the silver or gold account so that the features and guidance will meet the requirements of option trading challenges. This way the trader will increase the possibility of success greatly.

    Testimonials

    Niklas, 30, car service repairer from Uppsala, Sweden: “Binary options were not as hard as to learn to invest with that I firstly thought. Actually those were so simple that after couple of web courses I was confident to try out. Firstly I traded with practically the minimum amounts but as I got air under the wing and enough profits it felt comfortable to raise the bets as said. Now days I can trade approximately worth 800-1000 dollars a month and make some profits in the side of my day job. All this is extra money to have fun or make some travelling couple of times a year.

    Yana, 24 hotel reception, Latvia: “ I have always been interested about investing because of my dad was always working in the bank and sometimes talked with mom about their investments. Raised by that mental I started to trade with binary options and it was really profitable even with no prior education about investing. Of course the main principle has to be understood but not much more. All the profits are for my vacations at summer time to travel around Europe. Almost every month I get couple of hundred dollars to my savings and sometimes even more. It takes time couple of hours during the week. I will raise the traded investment amount soon. I recommend this for girls also to have courage to try.

    Binary option broker and other important features

    Demo Account

    Ported Finance does have demo account which helps beginners to get familiar with the platform and basic trading. We recommend using it if you’re a complete stranger with binary options but if you already have prior experience then head definitely straight to the real trading. If you trade a lot with demo account and without any risk in the trading you will learns bad practices and those will cost a lot of money when moving to real trading. Demo accounts should be used only for learning the platform which takes at maximum one day. All trading related judgment and analysis comes with the real trading involving a risk.

    Porter Finance features

    Porter Finance is offering their traders reliable and well know platform for trading. They use the SpotOption platform which is very popular among other broker sites. With little modifications Porter Finance has made it simple and visually clear to make trading as easy and fast as possible. It is straight forward and has exceptionally user –friendly interface. Single trades can be set from 5$ to 2500 and this gives enough room to divide the risk to several individual investments.

    There are numerous different binary options available in Porter Finance, those include: regular up/down binary options, pairs, long term, 60 seconds (even 30 sec, 120, 180, 300), one touch and ladder.

    From those options types one touch and ladder hold the largest possible profits and payouts. Ladder option profits may reach up to 1500% in a single trade as the price climbs enough steps in the ladder. Surely those involve more risk than regular binary options and careful calculations are recomended.

    Additional features Porter Finance offers buy me out, double up and roll over. Trader can manage the risk level with those and reduce losses over all. Buy me out feature offers early exit from the trade involved before its expiry time. Trader won’t lose the total amount invested but only a part of it. This is highly useful when trying save the money from a bad trade.

    Double up gives a change to double the original traded amount after the trade has been made and before its expiry. If a trade seems to go well there is a possibility to double the profits.

    Roll over feature gives extra time and delayed expiry for the investment. It is useful to apply when trader believes that the price will rise or fall at certain level but needs a little more time than originally was planned. This is another way of increasing profits and reducing losses.

    Tradable assets at Porter Finance

    Porter Finance offers variety of assets from different commodities such as gold and silver to stocks of multinational companies. Well known indices are also included in the trading asset list as well as currencies.

    There are around 100 different assets in Porter Finance platform to choose from. The list of stocks, indices, currencies, and commodities is provided on the site and listed below. Stocks are mostly collected from well known global companies from different stock markets and indices vary regionally. The most known and liquid assets are of course included in the list and the list is somewhat similar with many other brokers.

    What is not found in every broker site is that Porter Finance also have a Bitcoin virtual currency in their list of tradable currency pairs and that is interesting to those who follow crypto currencies. Crypto currencies have been a hot topic for couple of years and people have made fortunes by spekulating bitcoin price changes right. Therefore this is one the most interesting individual asset types in the market and Porter Finance wants you to have a change to join that group of traders.

    The complete list of tradable assets (might change over time):

    Stocks:

    • Ibm
    • Microsoft (us)
    • Apple (us)
    • Bae systems (london)
    • Bp (british petroleum)
    • Citi (us)
    • Coca cola (us)
    • Gazprom (russia)
    • Hsbc holdings (london)
    • Lukoil (russia)
    • Nike (us)
    • Nissan motor
    • Reuters (us thomson reuters)
    • Rolls royce (london)
    • Sberbank (russia)
    • Tata motors (india)
    • Tesco
    • Teva .ta
    • Turkcell (turkey)

    Currencies:

    • Bitcoin/usd
    • Eur/gbp
    • Eur/jpy
    • Eur/usd
    • Gbp/usd
    • Nzd/usd
    • Usd/cad
    • Usd/chf
    • Usd/jpy
    • Usd/rub
    • Usd/sgd
    • Usd/try
    • Usd/zar

    Commodities:

    • Coffee
    • Gold
    • Oil (light sweet crude)
    • Platinum
    • Silver
    • Sugar
    • Wheat

    Indices:

    • Bombay se
    • Cac 40 (France)
    • Dax (Germany)
    • Dow (us)
    • Dubai financial market general index (Dubai)
    • Ftse 100 (uk)
    • Hang seng (Hong Kong)
    • Ise 30 (Istanbul stock exchange, Istanbul, turkey)
    • Kl future
    • Kuwait general index (kuwait):
    • Micex 10 (moscow interbank exchange)
    • Msm 30
    • Nasdaq
    • Nikkei 225
    • Rts (Russian trading system, Moscow, Russia)
    • S&p 500 (us)
    • Sse 180 (shanghai stock exchange)
    • Tadawul (Saudi stock exchange)
    • Tel Aviv 25
    • Topix

    Porter Finance Banking

    Porter Finance accepts deposits in following currencies: US Dollar (USD), British Pound (GBP), Canadian Dollar (CAD), Australian dollar (AUD), and Euro (EUR). Minimum deposit is 200 of each currency. Deposits can be made with VISA and MasterCard or by using wire transfer.

    Traders should notice that they are required to submit the necessary documentation to verify their identity to Porter Finance before funds will be withdrawable. Those required documents are proof of identity and proof of residency.

    Withdrawal can take up to 7 business days, but typically it takes 3 – 4 business days. Credit card deposits are faster in general. Minimum withdrawal amount is $30 for credit cards and for Skrill $30. Bankwire withdrawal minimum is $100. First withdrawal of the month is free and following will cost $30.

    All transfers are secured through SSL, which highest secure systems used to secure websites. Traders can safely deposit and withdraw their funds. There will be no need to worry money transfers at all in either way and you can keep full attentiont to trading.

    Porter Finance offer wide range of material in their education center.

    Customer Service

    One thing that Porter Finance is known is their customer service and call center services. They can be accessed via phone with several languages 24/7 and their live chat personnel are always willing to help traders and answer their questions.

    When we tested their customer support they asnwered quite fast and the first person there know how to solve our problems, which were in that case imagined. They also help how to navigate through the site even though it is very simle structured.

    Support phone numbers

    Porter Finance overall rating

    Porter Finance is not a licensed broker, but this is a good news for traders. As they are top notch broker site after all, the fact that they are not licensed by CySEC, allows them to take US and Canadian traders now and in the future. Their features includin bitcoins in tradable assets and ladder and on touch in option types are specialties that are not found in every broker services. Comprehensive set of tools, thus not widest in the market, are provided in the education site to guide traders to right and profitable path with their tradings.

    Overall, we will give Porter Finance rating of 4,8 stars out of 5 as binary options broker site. [yasr_overall_rating]

    Open a free account by clicking the button below to get familiar with Porter Finance.

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    Author: Michael Allen

    Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years. View all posts by Michael Allen

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    Is Porter Finance Regulated?

    Porter Finance, a newly established binary options broker opened their doors for investors in 2020 onwards. Many investors who are closely monitoring the progress of Porter Finance are often seen asking “Is Porter Finance regulated?”

    A simple answer to the question is a ‘no’. However, the understanding of US CFTC laws that is presented by Porter Finance is definitely commendable, being much more authentic and clear compared to several other established binary options trading companies.

    Porter Finance clearly understands and abides by the laws of CFTC, which many regulated brokers are not able to and while many abide by the regulation laws through completely shunning US traders, PorterFinance on the other hand, accepts traders from US with open arms.

    This is not the only feature that makes Porter Finance lay ahead of other brokers rather the amazing minimum deposit limit and the bonuses and perks offered to different tier account holders is an additional advantage that Porter Finance offers its investors compared to many other regulated brokers.

    The platform uses PandaTS base, offering investors a simple and easy to use format where they can trade at a minimum size of $10 in five different currencies. Maximum payout is 83%, whereas the assets list of Porter Finance boasts more than 200 assets to trade with included commodities, currencies, stocks and indices.

    The non PorterFinance regulated status is further compensated with different account types that offer variations in minimum deposit amount and bonuses, every trader can select the account type that suits their investment amount and expertise level. Different bonuses are also offered with each account type facilitating traders offering everyone to choose and find something that suits their requirement.

    The availability of a demo account adds in additionally, as every account holder can avail the service and experience readily what it is like to trade in a real market. Not only does the demo account better prepare traders, they are at a much better position to understand the trading market and invest on trades that deliver profit.

    The options for depositing and withdrawing amount from trader accounts is also varied and users can choose from a wide options including credit/debit cards, wire transfers, and a long list of ewallet services. Any larger amount requires to be transferred using wire transfer after paying fees. This though is not anything big in terms of what traders have to face with other brokers as much worse has been experienced, whereas Porter Finance just requires traders to withdraw larger amounts via wire transfers.

    With every page secured with SSL security and perfect recognition and compliance with the CFTC regulations, the non Porter Finance regulation status no longer stays a concern for traders.

    Are There Porter Finance Complaints?

    Porter Finance complaints are a non existent factor, as besides gaining the reputation of being a reliable and legit binary options broker in many countries worldwide. Porter Finance demonstrates perfect understanding of different laws and regulations, eliminating the chances of any complaints that may arise.

    Even though this broker is not regulated, however they very well understand the CFTC guidelines for USA traders in wake of binary options trading. Binary options trading is legally allowed for US traders and respecting the regulation of US laws, Porter Finance allow traders from US to access its services. PorterFinance completely understands the regulatory concerns and thus chances of complaints arising in this regard are non existent.

    The variation of different currencies offered by Porter Finance and the various deposit methods further make it easy to trade with the brokers eliminating chances of any hardship faced along the process. Additionally since every page of Porter Finance site is secured using SSL security, no complaints in regards to safety issues has ever been experienced as well.

    After search performed online and otherwise, no Porter Finance complaints were found. However, in case if a trader has a query or wants to inquire more details related to any feature or in general, Porter Finance support desk is available 24/7 to be accessed via emails or live chat feature.

    Traders can also benefit from the training sources and ebook offered to account holders by Porter Finance, while using the Rollover, Double up or Buy me Out options traders can easily control their trades. All these offers and several successful trades up its sleeves there is no chance that any PorterFinance complaints may arise in normal consequences.

    However, since complaints are not an uncommon occurrence, there could be a complaint seen in future perhaps, however to date PorterFinance has successfully managed to stay trustworthy!

    Porter Finance USA

    Operated by Running Forest Partners LTD, a London based company; Porter Finance is one of the best binary options brokers that do accept US accounts. Operated by a group of experienced binary trading professionals, Porter Finance USA deals in 5 different currencies including USD, CAD, GBP, AUD and EUR. The minimum deposit limit is $200 whereas the minimum trade size is $10 exceeding to a maximum of $2,500.

    Maximum payout is 83%, whereas an up to 10% out of money refund is allowed. Porter Finance USA offers more than 200 different assets for traders all over the world to trade in, except Turkey and Israel. And yes, US traders are allowed.

    The process of starting trading with Porter Finance USA is very easy and simple. The very first step is to create an account with Porter Finance and fill in all required information in the signup form. Next to have to fund your account and make a deposit of at least $200.

    The Porter Finance USA Beginner account starts with a total of $250, in which a welcoming 30% bonus is added to the initial deposit. The trader of this account is provided a trading book and weekly reviews of the market.

    The Standard account which is the second tier of account available with Porter Finance USA starts of at a minimum balance of $750, including a welcoming 40% bonus, trading eBook, trading strategy, academy membership and weekly and daily market reviews.

    Members ready to deposit a least $1000 or more own a Porter Finance Executive account, which includes 75% welcome bonus, along with all different features that members of beginner and standard accounts receive. Additionally executive members also are given membership of the VIP academy 5 risk free trades, 3 trading strategies and training of money management.

    For deposits of or exceeding $100,000 the highest account tier is reached making the member owner of a VIP account. One thing to remember with all account types is that bonuses come with some sort of terms attached with them and it is suggested that before accepting a bonus, be sure to carefully go through all terms and conditions. For those who require withdrawing money on a timely fashion, avoiding bonuses may be a good idea.

    Lastly, the withdrawal process of Porter Finance USA is very simple and straighforward. Since many other brokers demand a minimum withdrawal amount of $100, Porter Finance minimum withdrawal amount rests at $30 only, which is rather refreshing. This minimum amount however is for credit/debit and eWallet withdrawals as wire transfers minimum amount of withdrawal is $100.

    The only one restriction that exists with Porter Finance is that if you are using credit/debit cards or electronic wallet services, they can be used to withdraw amounts equaling or less than the deposited amount. Any excess amount is required to be withdrawn via wire transfers only.

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