Porter Finance Broker Review
Porter Finance is one of the new binary options brokers out there that has created excitement and drawn attention in the world of trading. Founded in 2014, it’s based in London, UK and boasts a dynamic platform aimed at ensuring a smooth and easy trading experience for customers. Porter Finance offers a choice of more than 200 different assets. This broker is ideal for anyone who has just started trading as well as those with extensive experience. It’s surely well-placed to become one of the leaders in this industry. Porter Finance is compatible with most binary options signal providers. This broker is no longer accepting US traders. If you are in the US and are seeking a reputable offshore broker we highly recommend that you use Tradorax.
Porter Finance Platform
Porter Finance was launched on the new version of SpotOption but migrated to the advanced Panda TS platform. A nice feature of this platform is that it’s available for Android and iOS, which is great if you need to trade on the go or can’t access a PC.
You have two profit maximizing features at your disposal, Roll-Over and Double Up, which allow you to modify your positions before expiry. The Roll Over feature allows for the delay of expiry time while Double Up allows for recreation of the same position under new market conditions. There are a total of six option types available that provide you with flexibility to adopt different trading strategies. They are Regular High/Low Binary, Ladder, Long Term, 60 Seconds, One Touch and Pairs.
With payouts of up to 83%, Porter Finance easily offers some of the most attractive returns in the world of binary options trading. In addition, contract types such as One Touch can yield even higher payouts. The platform is very easy to navigate since everything is clearly marked. A single click will take you from one section to another.
Porter Finance Account Types
Porter Finance offers customers a choice of 5 different account types with each having different advantages based on the amount deposited. The Beginner account requires a minimum deposit of $200 and offers weekly market reviews, an educational e-book and up to 30% bonus among other benefits. A deposit of $500 is required to enjoy the benefits of the Standard account and you can get a bonus of up to 40%.
The third account type offered by Porter Finance is the Gold account which requires at least $1000 deposit. You’ll enjoy 75% bonus, money management training, 5 risk-free trades and 3 trading strategies. The next level is the Platinum account which requires a minomum deposit of $5,000 and is accompanied with even more benefits including a 100% bonus facility. The VIP account is an option for big investors as it requires a minimum deposit of $10,000. It’s features can be tailored based on your individual trading needs but also has all the perks available to other account types.
Porter Finance also offers a demo account (which may or may not require some deposit) that includes most of the trading features available in real money accounts. This provides an ideal environment for you to test your trading strategies with minimum risk.
Porter Finance Withdrawals & Deposits
Deposits to this broker are accepted in several currencies which include the U.S dollar, Canadian Dollar, British Pound Sterling, Euro and Australian Dollar. The selected currency cannot be changed later. You can deposit with credit/debit cards such as MasterCard, Visa and American Express, wire transfer or online wallets such as Skrill.
Most people are happy with the withdrawal process which seems pretty straightforward as funds simply go back the way they were initially deposited. There are minimum withdrawal limits depending on the method used. For credit cards and e-wallets, the minimum is $30 with that of wire transfers being $100. The main drawback here is the $30 fee charged for each withdrawal but every trader enjoys one free withdrawal every month.
Before the first withdrawal, accounts must be verified with standard PCI verification documents. You’ll be required to provide a photo ID, copies of credit/debit card (if you used one to deposit) and a recent utility bill that shows your current address. Withdrawal requests are processed as soon as these documents have been submitted and verified. Cash-out time is normally 2-3 days once documents have previously been approved.
Porter Finance Support & Security
Porter Finance stands out for its strong support team. Most queries are answered quickly and in a clear manner. You can contact the team 24/7 via LiveChat, Email and Phone. When it comes to security, everything is protected with SSL encryption to ensure your information is kept confidential.
Porter Finance Reputation
Porter Finance has a clean reputation with no complaints from users about them, probably because of the excellent support team. We found no signs of scam or fraud.
Porter Finance Education
Looking at education, the broker has a thorough education section. There’s an Education Academy and online video tutorials as well as live webinars.
Despite being one of the newer brokers in the industry, Porter Finance has established itself as a viable option for binary options traders. They’re reliable, reputable and have excellent customer support. Best Binary Options Signals.net endorses Porter Finance for use with the various signal services promoted on this site.