Although Porter Finance is relatively new to the trading market, it has gained a lot of popularity in these couple of years. So far, people seem to trust this broker based on their high-quality services. The company was founded in 2014, in the United Kingdom. On their platform, you will find a lot of trading assets as well as positive testimonials from their clients.
What Is Porter Finance?
Porter Finance is quite new to the trading market. It was launched in 2014, but it has managed to grow quickly. The company is based in the United Kingdom, and it has gathered a lot of registered members in a short period. The broker is always trying to expand and improve. Porter Finance has coverage in many countries around the globe, except Israel and Turkey.
They use the SpotOption trading platform. To become a registered client and create a new account, all you have to do is to deposit at least 200 dollars. Their payout rates reach up to 83 percent.
Porter Finance Account Types
Porter Finance provides eight different types of accounts, which is a lot more compared to other trading companies:
- Basic. To create this account type, you will have to place an initial deposit of 500 dollars. They offer a welcome bonus of 25 percent. Because they want you to learn all the tricks of their platform quickly, they will provide you a valuable learning resource in the form of an e-book.
- Standard. Both the minimum deposit (1,000 dollars) and the initial bonus (up to 40 percent) are higher, in this case. Besides all the perks from the basic account, you will also be provided with one trading strategy and daily market reviews.
- Silver. The minimum deposit is 2,500 dollars. The welcome bonus starts to become motivating. It reaches up to 60 percent. You will receive five free webinars as well as three trades which are free of risks. There will be a dedicated broker who will guide you through the trading process.
- Gold. If you want to open a gold account, you will need to deposit at least 5,000 dollars. However, this sum will entitle you to an 85 percent initial bonus. Besides ten free webinars and no less than six risk-free trades, you will also be provided with daily free signals.
- Platinum. Starting from this account type, all the other memberships are premium programs which address exclusively to key clients. The platinum account requires a 25,000 starting investment.
Besides the account types described above, there are also other premium memberships such as diamond, royal, and corporate accounts. To find out more about these, you should get in contact with a designated account manager.
Porter Finance Demo Account
The broker offers all its clients the possibility to open a demo account. This is a great opportunity, especially for those of you who are just starting to operate on the trading market. The process of creating your demo account is quite simple. You just have to announce your account manager of your wish, right after you sign up for the platform.
You will be required to place an initial deposit of 200 dollars before being able to trade virtual money. The good news is that you will not risk a thing by starting with a demo account. As I previously mentioned, you will trade virtual money instead of real ones. This type of account is a great educational resource.
Porter Finance Bonus
Even though the main bonus they offer is the welcome one, the company also provides long-term incentives. They offer motivational perks, even though some might say that their maximum bonus of 80 percent is slightly lower than those of their competitors.
Porter Finance has a different approach. They want to motivate their clients not only by giving them significant bonuses but also by offering them valuable educational materials, which are free of charge.
Porter Finance Minimum Deposit and Minimum Trade
The company’s minimum deposit is 200 dollars while the minimum trade is only five dollars. If you choose to place this amount of money into your account, you will be rewarded with a payout rate of up to 83 percent, depending on the success of your trading activity.
Porter Finance Withdrawal
Withdrawals are easy to make because the process is simple and it does not take a lot of time. You will have to have some trading activity before you are eligible for withdrawals. The best and fastest way to withdraw your earning is by wire transfer. Porter Finance is well-known for its user-friendly banking system.
The broker offers a wide range of withdrawal options for its clients. Besides bank transfers, you can also choose to use credit cards and online platforms such as Moneybookers or iDeal. Usually, you will have to wait a couple of days before receiving your money.
Porter Finance Binary Options Types
Porter Finance offers a wide range of binary options, from high/low to 60 seconds:
- High/low. This is the classic form of binary options. It is quite safe and quick. If you have a good strategy, you will win significant amounts of money.
- One touch. This has an increased level of risks compared to the high/low method. It is dedicated to more experienced traders. it is a flexible technique which allows you to optimize your strategy in real time.
- Range options. Using this option, you will be required to foresee whether the asset will remain within the limits of a specific price range or not.
- Hyper options. This is also called the 60 seconds option. It is as easy to apply as the high/low method. Also, it has a very short expiry time.
Porter Finance App
This popular broker chose to be present on mobile platforms too. This is why, it has developed its own mobile app, which is available on both Android and iOS devices. With this app, you can explore the mobile world of binary options trading.
Offering a flexible and versatile service, Porter Finance is way ahead of many other trading companies. The mobile app platform offers the same functions as the web-based one. It has plenty of trading tools you can use to enable your activities.
Porter Finance Complaints
Every business in the world, big or small, receives complaints from time to time. There is no such thing as an ideal complaint-free situation. Porter Finance has plenty of ways in which you can easily contact them. Besides the usual methods which are by phone or by e-mail, the company offers a live chat room for all its clients.
This chat is available all the time. Also, the broker has created a FAQ section on their website. You can easily click on it if you need to clarify something. Even though the company receives very few complaints, they still have created a great customer care service. It is available in plenty of languages, and you will get in contact with real people, not phone robots.
Is Porter Finance Legit or Scam?
Even though the company is not regulated, they are not a scam. According to them, not being regulated by CYSEC was entirely their choice. This way, they say, it will be a lot easier to cover a lot of countries around the globe. Also, another disadvantage of regulated platforms is that they have limited access to trading assets.
Bottom line, the company has not had any problems since it was first founded. It has satisfied clients, and it has gained a lot of popularity over these few years. Users say it is a trustworthy trading broker, so, we can state it is totally legit.
Porter Finance Pros and Cons
Porter Finance Advantages
- Motivational welcome bonus.
- High rates of ROI (return on investment).
- Only five-dollar minimum investment.
- An intuitive trading platform.
- A wide range of trading assets.
Porter Finance Disadvantages
When it comes to the company’s weakness, there is not much to say. The only issue might be the fact that Porter Finance is not available for a potential client from Turkey, Israel, and the United States.
Successfully Trading with Porter Finance
So far, Porter Finance seems to be a legit, reliable, and trustworthy trading company. They will offer you chances of making significant profits from trading assets on the market. Their customer service has a more than satisfying response rate, and their trading platform has proven to be a secure one.