Porter Finance Ratings
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 2014 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
- Demo account
- Tradable assets
- Customer service
- Overall rating
Porter Finance in a Nutshell:
- Broker: Porter Finance
- Platform: SpotOption
- Founded: 2014
- 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: firstname.lastname@example.org
Exclusive offer! Claim your free binary option robot now by clicking on the button below and learn how you can make money while you sleep!
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
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.
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
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):
- 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)
- Teva .ta
- Turkcell (turkey)
- Oil (light sweet crude)
- 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
- Nikkei 225
- Rts (Russian trading system, Moscow, Russia)
- S&p 500 (us)
- Sse 180 (shanghai stock exchange)
- Tadawul (Saudi stock exchange)
- Tel Aviv 25
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.
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.
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.
Open a free account by clicking the button below to get familiar with Porter Finance.Written by Michael Allen