Overview

IMPORTANT INFORMATION:
This Broker is no longer accepting clients. For the Best alternative click here or visit our brokers page.

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Details

BrokerPorter Finance
Website URLwww.porterfinance.com
Headquarters1A, Arcade House, Temple Fortune, NW11 7TL London, United Kingdom
Support Number+44 203 519 2532
Support TypesLive Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit$200
Minimum Trade Amount$5
Bonus100%
Payout83%
Free Demo Account Open Demo
Account TypesBeginner, Standard, Gold, Platinum, VIP
Deposit & Withdrawal MethodsCredit/Debit Cards, Bank Wire, Neteller
Number of Assets100+
Account CurrencyUSD, EUR, GBP, AUD or CAD
Overall Score9.0/10

Full Review

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Since its inception in 2014, Porter Finance has become a favorite binary options broker among traders around the world. They offer a range of excellent features and tools which have helped them carve a niche for themselves in the binary options trading industry. Porter Finance is definitely a broker that you should consider opening an account with because it brings to you a well designed website, user friendly interface, advanced trading platform, learning materials and a huge variety of different trade options.

Review Verdict: Porter Finance is Not a Scam
Visit Porter Finance Website

Porter Finance is operated by Running Forest Partners Ltd which is headquartered in London, United Kingdom. It was founded by a team of professional brokers with one aim and that was to offer traders an enhanced trading experience. There are a number of things that make them unique and different from the rest of the brokers. They have been treating their customers in the right way as they have an excellent support team that is available round the clock. The trading platform Porter Finance operates on is Panda TS MT4 which offers traders more than 100 assets to choose from and a payout of up to 81%. A range of trading types is also offered including 30 and 60 seconds and 2,5 and 10 minute options.

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Porter Finance Pros & Cons

One of the benefits of choosing Porter Finance is that they offer an extensive resource of learning materials which can help traders become better at binary options trading. There are ebooks, webinars, training videos and much more to help both beginners and advanced traders improve their skills. The broker offers demo trading and a wide variety of assets to choose from. Their customer support service is fast and efficient and they are available via email, phone and live chat to help traders. There is a range of bonuses also available which traders can take advantage of. The only drawback is that their bonus requirements can be difficult to meet and withdrawals cannot be made if traders fail to meet the required trading volume.

Porter Finance Scam

Porter Finance has just been about a year since their launch and they have proven themselves to be one of the most reliable brokers on the market. There is no reason to believe that Porter Finance is not legit because so far traders are having a good experience with the broker. Withdrawals are fast and smooth and deposits can be made without any hassle. The only problem lies with the bonus terms and conditions which many traders may fail to understand at times.

Review Verdict: Porter Finance is Not a Scam
Visit Porter Finance Website

Basically, acceptance of bonuses requires traders to comply with certain terms and conditions which may also affect their ability to make withdrawals. Traders must execute a certain volume of trades before they can get the bonus amount in their account or request a withdrawal. But it is up to traders to accept a bonus or not. Otherwise, Porter Finance is a safe and reliable option.

Porter Finance Withdrawal & Minimum Deposit

There is a range of options available when it comes to making deposits and withdrawals. These include credit cards, debit cards, Skrill, CashU, bank wire and a number of ewallet options. Deposits can be made in different currencies including CAD, AUD, USD, GBP and EUR. The minimum deposit amount is 200 depending on the chosen currency. When it comes to withdrawals, the procedure is standard.

porter finance payment

It may take up to two business days for your withdrawal to be processed and between 5-7 days for the funds to appear in your account. To be able to make a withdrawal, you must have your account verified first. The first withdrawal you make every month is free of charge and for the additional ones a fee of $30 is applicable. The minimum withdrawal amount for Skrill and debit/credit cards is $30 and $100 for bank transfer. The withdrawal process is smooth and there so far there are no major complaints regarding withdrawals at Porter Finance.

Porter Finance Demo Account

One of the best features of Porter Finance is that they offer demo trading. A demo account is basically a prototype of the real account, and it is funded with virtual money instead of real money.

porter finance accounts

A demo account is quite essential when it comes to learning the basics of trading. It is highly beneficial for beginner traders as it can equip them with skills to execute trades online. Even those who don’t have any prior experience of trading can make use of the demo account to practice and test their strategies. Demo trading can give traders the opportunity to test the trading platform and decide whether they want to stick with the broker or look for another option.


Update: We have to inform all the online investors dealing with binary options, that Porter Finance ended its operational process so it won’t be able to provide its members with services, anymore. This mean, that you should should find another reliable and legit platform to work with.


Conclusion

good_choice_stamp_7robotsPorter Finance offers a wide range of tradable assets, generous bonuses and different account types suitable for both beginners and experienced traders. You can consider opening an account with Porter Finance since it has shown high results during our unbiased testing on their trading platform, withdrawal and deposit procedures.

As a trader there are many different features provided if you open an account with Porter Finance and we know how important it is to choose a broker who gives you the opportunity to gain the maximum profits and access a lot of benefits.

Porter Finance meets traders expectations and this is the reason why this broker is one of the top rated and recommended on the binary option market.

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