Porter Finance Review

Porter Finance
up to 85% on first deposit
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Overview

It is no longer advisable to open an account  at Porter Finance as they got a warning from ASIC. You can read about it here. They used scrupulous sales tactics… more

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0/5

Details

Broker Porter Finance
Website URL www.porterfinance.com
Founded 2015
Headquarters 1A Arcade House, Temple Fortune, London, NW1 17TL, United Kingdom
Support Number (646) 693-4074 Canada (604) 227-3839
Support Types phone, fax, live chat, email: [email protected]
Languages English
Trading Platform Panda TS
Minimum 1st Deposit $500
Minimum Account Size $500
Minimum Trade Amount $5
Maximum Trade Amount $5000
Bonus up to 85% on first deposit
Payout 81%
Free Demo Account Open Demo
Account Types Basic, Standard, Silver, Gold
Deposit Methods wire transfer, credit card, Neteller
Withdrawal Methods wire transfer, credit card, Neteller
Number of Assets 100+
Expiry Times 30 seconds, 60 seconds, 2 minutes, 5 minutes, 10 minutes, long term
Types of Assets Commodities, forex, stocks and indices
Option Types Classic binary options, One Touch options, Hyper binary options and Long term binary options
Trading Currency AUD/USD, GBP/USD, USD/JPY, EUR/JPY, USD/CAD, USD/CHF and Bitcoin/USD
Account Currency You can fund your Porter Finance account with any currency which shall be converted to the currency preferred in your Porter Finance account
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 1

Full Review

It is no longer advisable to open an account  at Porter Finance as they got a warning from ASIC. You can read about it here. They used scrupulous sales tactics and sales funnels. From now on it’s on the blacklisted brokers or scam brokers list on Choosebroker.com. Take a look at our top rated binary option broker IQ Option instead.

If you got scammed by them, please follow the process and file a complaint here.

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Porter Finance company information

Porter Finance is a very new binary option broker founded in early 2015. The company behind Porter Finance is Running Forest Partners Ltd based in London, United Kingdom.

Porter Finance binary option trading platform

Porter Finance binary option trading platform runs on the Panda TS MetaTrader 4 trading platform and offers over 100 assets to trade binary options on. Commodities, forex, stocks and indices can be traded on Porter Finance. Porter Finance also has a binary social trading feature called Trade Replicator which binary option traders can use to follow and copy professional traders in their binary option trading. Porter Finance offers short term options with expiry times between 30 seconds and 10 minutes.

Porter Finance reliability

Porter Finance is not yet licensed by CySEC which is why they still accept traders from the United States and Canada, this might change in the near future unless Porter Finance opts for a different license. Porter Finance complies with MiFID regulatory rules in the European Union and is registered with the FCA in the United Kingdom at the moment. Don’t doubt Porter Finance reliability, it is a regulated and reliable binary option broker.

Porter Finance binary option types

Porter Finance offers a series of binary options including One Touch options, Hyper binary options and Long term binary options.

Porter Finance account types

Basic

– $500 minimum deposit required
– 25% bonus upon first deposit
– Weekly market updates
– Ebook on binary options trading

Standard

– $1000 minimum deposit required
– 40% bonus upon first deposit
– Daily and weekly market reviews
– Ebook on binary options trading
– Academy membership
– 1 Trading Strategy explained 1 on 1

Silver

– $2500 minimum deposit required
– 60% bonus upon first deposit
– 5 Webinars
– 3 Risk-Free trades
– 3 one on one lessons
– Ebook on binary options trading
– Weekly market updates
– Dedicated broker
– Money management system
– Expidited withdrawals

Gold

– $5000 minimum deposit required
– 85% bonus upon first deposit
– 10 webinars
– 6 Risk-Free trades
– Academy membership
– Ebook on binary options trading
– Weekly market updates
– Dedicated broker
– Money management system
– Expidited withdrawals

Porter Finance review conclusion

Although Porter Finance doesn’t have it’s CySEC license yet it is still considered a reliable and truth worthy broker with no scam history or complaints so far. With payouts on regular binary options of over 80% and many different binary options and trading methods available Porter Finance surely competes with other top performing binary option brokers. The fact the Porter Finance traders from Canada and the United States is a major plus as many other binary option brokers do not take clients from these regions. Although the minimum required deposit of $500 is rather high, binary option traders do get special features and gifts in return like one on one binary options trading training and risk-free trades. With the availability to use the replicator to conduct in social binary options trading is to be considered unique and not common among binary option brokers. I rate PPorter Finance a 7.2/10 for the time being, reasons for this mediocre mark are the missing demo account and a rather high first deposit required.

✓ 81% average payout on standard binary options

✓ 5% rebate in the form of cashback on out-of-the-money trades

✓ Withdrawal requests processed within 24 hours

✓ USA traders accepted

✓ Islamic accounts for Muslim traders under Sharia law

✓ Auto trading and binary social trading using Replicator available

 

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Pros

  • 81% average payout on standard binary options
  • 5% rebate in the form of cashback on out-of-the-money trades
  • Withdrawal requests processed within 24 hours
  • USA traders accepted
  • Islamic accounts for Muslim traders under Sharia law
  • Auto trading and binary social trading using Replicator available

Cons

  • High minimum first deposit required of at least $500

Reviews

  • User experience:

    4
  • Platform:

    4
  • Reliability:

    2
  • Customer Service:

    2
  • Payouts:

    3
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0
(1 Reviews)
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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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