Porter Finance Review
Porter Finance, founded in 2014, is a binary options broker domiciled in London, UK. Porter Finance may be the new kid on the block but with its dynamic platform and choice of over 100 different assets, it is poised to become a leader in the industry. Porter Finance is also one of the few binary option brokers that accept U.S. clients.
Porter Finance offers its clients a choice of four different accounts. The minimum deposit for opening the Beginner account is $200 and there is a bonus of up to 30% on the first deposit. The Standard account requires $750 to start and a bonus of up to 40% is available.
$1000 is needed to open an Executive account which comes with a 75% bonus, 5 risk-free trades, 3 trading strategies and money management training.
A VIP account is available for big investors who would like to deposit $100,000 or more.
Anyone opening an account receives a free ebook, Academy membership and at least one trading strategy.
The minimum trade amount at Porter Finance is $25 per trade. The maximum trade amount is $2500.
The Porter Finance site is easy to navigate and highly intuitive with everything clearly marked out on the top bar. Selecting an asset is done from a drop down box, making navigation simple. Drop boxes are also used for choosing the expiration time, and the amount to be traded can just be typed in. Assets include indices, stocks, commodities, and currency pairs. Many of the underlying assets that they offer are not offered elsewhere, such as the Tel Aviv 25 index.
The Glossary of terms is an added feature that not all binary option brokers offer their traders. The list is all-inclusive and informative.
I was somewhat surprised to see that the website is only offered in English.
Deposit bonuses are mentioned in the different account descriptions but I could not find any additional information on other bonuses or promotions. Perhaps in the future they will offer them.
When it comes to educating traders, Porter Finance is way ahead of the game. At their Education Academy, they cater to traders of all levels. Their ongoing mission is to keep investors up-to-date on all the latest trends and developments in the binary trading world and they use cutting-edge technology in their online video tutorials and live webinar streaming.
The online tutorials range from basic information about binary option trading to more advanced subjects such as Support and Resistance, Aggressive Trading 10/30 rule, Market Analysis, Trading Psychology and other intriguing topics.
Their regular live webinar sessions are led by expert financial analysts and provide key market insights and valuable advice on how to perfect one’s trading strategy.
The Porter Finance eBook is a manual for binary option traders where leading financial experts have shared their market experience on key trading strategies and tactical tricks to maximize a trader’s payout potential. Beginners in particular will benefit from the eBook’s extensive glossary of trading terms and step-by-step guide on how to trade binary options.
There is mention of a market review section but that has not been posted to the site at the time of writing this Porter Finance review.
An Economic calendar is available which is both comprehensive and clearly presented.
Money transactions at Porter Finance can be made using a MasterCard, Visa, American Express or Discover as well as wire transfers directly from a bank, or an online wallet, such as Skrill or CashU.
Customer support is available 24/7 via email, phone and chat. When I spoke with Chat while doing this review, I found them to be very service oriented pleasant to deal with.
Porter Finance seems to cover all the necessary features needed to trade with ease. The only thing missing at the moment is the fact that they are not yet regulated. However, they are still relatively new and there is a good chance that this will be happening in the near future.
- High Tech Website
- Choice of Accounts
- Responsive Customer Support
- No Regulation
- English Only
Review info: Porter Finance
Review Date: 2016-02-18
Rating : 5
Reviewed By : Sara Patterson