Porter Finance ReviewVisit Website
- USA traders accepted
- $50,000 demo acount
- No Financial License
Porter Finance Deposit & Withdrawal Methods
Porter Finance Broker Information
- Founded: 2014
- Company: Running Forest Partners Ltd
- Incorporated: UK
- License: None
- Platform: Panda TS
- Minimum Deposit: $200
- Minimum Withdrawal:
- Returns: 85%
- Minimum Trade: $10
- Demo Credits: $50,000
- High/Low, Pairs, One Touch
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About Porter Finance
Porter Finance is a new binary options broker having commenced operations in late 2014. Porter Finance has entered the binary options market by promising traders the best customer service available backed by a strong team of staff to help traders achieve their financial goals.
Porter Finance uses the latest SpotOption trading platform which currently provides traders with 59 tradable assets including currencies, commodities, stocks and indices with a maximum payout percentage of 83%. It also offers traders up to 200% in bonus incentives, including a welcome bonus for new traders. The platform offers several different types of trading features including 60 second trades, long term, one-touch trading and ladder options. Porter Finance is also one of the only binary options brokers to offer the ‘follow’ feature which enables traders to follow other traders and mimic their trades. This feature is available on request.
The customer support team is available 24/7 via email, phone and live-chat and has already become acknowledged as being very service oriented and professional to deal with. The service is, however, only available in English at present. The minimum first deposit amount is $200 and transactions can be made using MasterCard, Visa, American Express or Discover as well as wire transfers directly from a bank or an online wallet such as Skrill or CashU.
Porter Finance is also committed to educating traders in the best way possible and to this end, its education academy caters for traders of all levels. With a mission to keep investors up-to-date on all the latest trends and developments, Porter Finance provides traders with a range of online video tutorials and live webinar streaming.
With a user-friendly interface and excellent customer support, Porter Finance offers traders one of the best online trading experiences around. Although one of the newer brokers on the block, Porter Finance is perfectly positioned to become a leader in the industry. U.S. traders will also be pleased to know that it is also one of the few binary option brokers that accepts U.S. clients.
Porter Finance History
Porter Finance is a new binary options broker which commenced trading in late 2014. It is a U.K. based broker owned by Running Forest Partners Ltd, London, United Kingdom.
Porter Finance was founded by a team of brokers with many years experience in the binary options industry. Its founders formed Porter Finance on the principle that knowledge is power and though knowledge comes success. The company prides itself on excellent customer service and promises to provide traders with the best possible environment for success so that they can maximise their trading potential. As a new binary options broker, Porter Finance is as yet unregulated but we would expect a broker of this calibre to become licenced in the near future.
Porter Finance Bonus Terms & Conditions
Porter Finance offers a selection of attractive rewards including cash promotions, bonuses and one-time trading credits to both its new and returning traders, all of which are part of the company’s promotions program. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change.
Withdrawal of funds which have received additional rewards, bonuses, or promotions, require a trading volume fulfillment of 30, 40 or 50 times the bonus or in the event of a refund bonus, 20 times the bonus amount. The trading volume requirement commences on receipt of the bonus in the traders account. Upon receipt of the bonus, the trading requirement must be fulfilled prior to withdrawing funds from the account.
Porter Finance Withdrawal Terms & Conditions
To make a withdrawal, Porter Finance will request ID from a trader in order to proceed with the transaction. Initial deposits from credit/debit cards can be withdrawn via the same card provided and on condition that all terms of investment rewards and bonuses have been met. Porter Finance does not charge withdrawal fees for credit cards. For bank wire transfers, Porter Finance covers the fee for the first withdrawal of a given month. Any subsequent withdrawals via bank transfer will incur a processing fee of $30. Once a withdrawal request has been submitted, it may up to 3 business days to process the request and an additional 5-7 days for the funds to appear in a trader’s account. The minimum withdrawal amount at Porter Finance is $100.
Porter Finance Demo Account
The use of a demo account is always recommended as it allows traders to try out practice trades and build their confidence before trading on the real and live markets. By doing so, traders will also equip themselves with the appropriate knowledge and feel completely comfortable with making a trade. Porter Finance offers a 24 hour demo account for new customers, although this compares less favourably with some other brokers.
Porter Finance Scam Watch
Binary options brokers that are unregulated can make traders cautious and the fact that Porter Finance is a new broker means it has not yet received a licence from a financial oversight body such as CySEC or FCA. While Porter Finance is not yet regulated, it is growing quickly and its platform is professional and feature-rich. To the best of our knowledge, Porter Finance is not a scam and could be one of the top new brokers to emerge in the binary options market.
Porter Finance Mobile App
A mobile app is not yet available although there are links to the App Store and Google Play on the website so we can expect to see one available soon.