Porter Finance

Porter Finance Broker Review

Porter Finance is one of the fastest growing brokers in the industry. It is quickly becoming a prominent star in the world of binary options trading. We carried out a review of Porter Finance to assess whether its fast growth in the industry is deserved.

Regulation

Porter Finance is the trading name of a company called Oralce Stoner Limited, which is registered in the UK. The company’s office is on Wenlock Road, England. Therefore, we can confirm the broker does not only exist on paper.

What’s more, we failed to find significant complaints on online forums and trading websites about the broker’s activities. Within its short time of existence, the broker has aimed to provide transparent trading conditions, which could be the reason why traders have not submitted negative feedback about it. As such, Porter Finance is not a scam broker.

Porter Finance Trading Platform

Porter Finance has a user-friendly and innovative web-based trading platform. Thus, you will not need to download any software before you can start experiencing the benefits of binary options trading. However, during our Porter Finance broker review, we noticed the broker does not offer demo accounts to traders.

Nonetheless, the broker has a huge collection of education materials meant to assist traders make informed decisions on its platform. You will access live webinars, market signals, managed account services, and other helpful services that are more important than a demo account. In addition, you can download the broker’s mobile trading platform from either the Google Play Store or the Apple App Store, and benefit from limitless trading on the go, anytime, anywhere.

Notably, if you are a beginner trader or you cannot trade because of any reason, you can use the social trading feature on the broker’s platform, and follow the trades of experienced traders.

Assets and Payouts

Porter Finance offers reliable trading in more than 100 assets, including stocks, currencies, commodities, and indices. Thus, you cannot miss an asset that resonates with your trading style and preferences.

The broker offers payouts of 81% on successful trades and 5% refund on unsuccessful ones. This implies that you can gain even if a trade goes against your initial expectation. For some types of binary options, Porter Finance offers lucrative payouts of as high as 1500%. In terms of expiries, the broker offers a wide range expiry times, from 30 seconds to up to 6 months.

Deposits & Withdrawals

Porter finance provides secure, easy and hassle-free payment options to customers. You can deposit funds to your account using a payment method best suited for your needs: the major credit cards, wire transfer, or electronic payment methods. The broker allows depositing of funds in different currencies, including U.S. Dollar, Australian Dollar, Euro, British Pound, and Canadian Dollar.

The process of funds withdrawal is very swift and can be carried out without much difficulties. Usually, it takes around 5 business days for funds to reach clients’ bank accounts. As a security precaution, you will be required to provide identity verification details before your funds are released.

Porter Finance appreciates that traders needs and trading styles are different. As such, it offers a variety of trading accounts, according to the amount of deposit made.

Customer Service

Dedication to promptly addressing customers’ needs is vital for the success of Porter Finance. The broker’s supportive customer support department can be reached via live chat, phone, or email. Usually, issues are resolved instantly. Complicated issues are normally forwarded to the senior team members for more comprehensive resolution.

Most traders at Porter Finance have expressed satisfaction on the high-level of commitment present on the broker’s customer support system.

Pros

• Very efficient and dedicated team
• High welcome bonuses
• Wide array of assets
• Social trading available
• Diversified types of accounts
• Highly effective and user-friendly trading platform
• Mobile trading available
• Scam-free dealings
• Secure and comfortable payment methods
• High payouts
• Comprehensive education facilities

Cons

• Limited languages for customer support
• Lacks regulation from a notable authority like CySec
• Relatively high minimum deposit requirements

Conclusion

From the above Porter Finance review, we can confidently affirm the broker merits its fast growth in the industry, which has mainly been driven by its focus on simplicity and commitment to offering world-class trading conditions.