Porter Finance Review

Overview

Check This Porter Finance 100% Full Review
Is This Binary Options Broker a Scam? Read the Truth
Account Types, High Payouts & Bonuses – See Below!

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Details

Broker Porter Finance
Website URL www.porterfinance.com
Headquarters 1A, Arcade House, Temple Fortune, NW11 7TL London, United Kingdom
Support Number +44 203 519 2532
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus 100%
Payout 83%
Free Demo Account Open Demo
Account Types Beginner, Standard, Gold, Platinum, VIP
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Neteller
Number of Assets 100+
Account Currency USD, EUR, GBP, AUD or CAD
Overall Score 8.5/10

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Important Notice: There is an issue with Porter Finance’s operations. There is no clarity of when the issues will be resolved and if it will open its platform again. It will be closing for the time being. Traders should consider other alternatives instead of it.

Porter Finance no longer accepts US traders. See here for an alternative provider.


Porter Finance was founded in 2014 but it is already establishing good positions in the binary options industry. The company is owned by Running Forest Ltd with a physical address at 1 A, Arcade House, Temple Fortune, NW11 7TL London, United Kingdom.
porter banner

The customer support at Porter Finance can be reached 24/7 day or night by phone, live chat or email at [email protected]. At this moment, the support is available only in English. Their phone number in the United Kingdom is +44 203 519 2532 and it is toll free. The phone number is +1 646 693 4074.

Porter Finance Trading Platform

Porter Finance’s trading platform is the latest version of the SpotOption platform. If you are an experienced trader, you probably have already used it. But it is also suitable for the novice traders, since the design of the platform is very clean and simple, making it easy to find what you are looking for. It’s extremely user friendly so the beginners wouldn’t find it overwhelming.

There are more than 150 assets that you can trade on the Porter Finance platform, including currency pairs, stocks, indices, gold, silver and other commodities.

porter finance platform

You can trade a lot of different option types like the standard High Low Options, where you predict whether the price of an asset will increase or decrease in a certain amount of time. There are also One Touch, Ladder Options, Long Term and 60 Seconds Options.

There is no need to download or install any additional software, the trading platform is completely web-based, and all you have to do is login and start trading.

Porter Finance Education Center

Porter Finance has a great educational center, where you can learn the basics of binary options trading, how to be a successful trader and make even bigger profits. At the education center there are courses about financial management, market analysis, trading psychology, winning tactics and many more.

edu center porter finance

There are two kinds of courses, for beginners and advanced traders. There are also in-depth and advanced courses and an e-book to further your knowledge in binary options trading. You can get full access to these courses, once you Open an Account.

There is even an economic calendar with important events regarding currency changes, their importance and forecast about their future position on the market.

Porter Finance Minimum Deposit

In order to start trading with Porter Finance you need to first deposit a minimum amount of $200. The currencies which you can use to make a deposit are USD, GBP, EUR, AUD and CAD and that will be your account currency. Keep in mind that you cannot change your account currency later on. The maximum deposit amount varies according to the payment method you choose. The maximum amount which you can invest with a credit card is 20,000 and for NETELLER is 3,750 per transaction. However, there isn’t a maximum amount for depositing via wire transfer.

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The minimum trade amount is just $5 for the 60 Seconds Options, and $10 for all the other options. The payout for winning trades goes as high as 83%.

You can make a deposit with Porter Finance using various methods, including debit card, credit card, wire transfer and other alternative payment methods depending on your region.

Porter Finance Withdrawals

porter finance bajnkingPorter Finance’s withdrawal process is reliable and fast and it usually takes 48 hours for your withdrawal request to be processed. The money is then usually transferred within 5-7 days.

There is 1 free withdrawal a month. If you want to withdrawal your funds more than once in a one month timeframe however, there is a $30 processing fee. The minimum amount that you can withdrawal is 30 in your account currency for credit/debit cards and Neteller; and 100 for wire transfers. The maximum withdrawal amount for credit cards is 20,000 and for Neteller is 1,000. There is no limit on the funds you can withdraw with a wire transfer however.

Is Porter Finance a Scam?

Since there are more than 350 brokers offering binary options trading, it’s very important to choose a legitimate and reliable broker.

Porter Finance has proven to be a secure and trustworthy broker, despite not being in the binary options trading industry for that long. They use an automatic security protocol called SSL (Security Sockets Layer) which encrypts all payment information over the web. It is an internationally accepted security system.  Also, they use segregated bank accounts in order to keep their clients’ money safe and secure. With all that being said, you can be sure that Porter Finance is safe, scam free binary options broker.


Important Notice: There is an issue with Porter Finance’s operations. There is no clarity of when the issues will be resolved and if it will open its platform again. It will be closing for the time being. Traders should consider other alternatives instead of it.


Conclusion

best choicePorter Finance is one of the fastest growing binary trading platforms and it has been maintaining a good reputation in the last year, with many customers from all over the world. With the high payouts of up to 83%, various option types to trade and the low minimum deposit of $200, Porter Finance is a good choice. Overall, Porter Finance is a professional broker that provides a secure trading environment for those looking to trade and profit from binary options.

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