Overview

Porter Finance is a binary options broker that was established in 2014 by Running Forest Partners Ltd, with address located at 1A, Arcade House, Temple Fortune, NW11 7TL, London, UK.

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Details

Broker Porter Finance
Website URL www.porterfinance.com
Headquarters 1A, Arcade House, Temple Fortune, NW11 7TL London, United Kingdom
Support Number +44 203 519 2532
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus 100%
Payout 83%
Free Demo Account Open Demo
Account Types Beginner, Standard, Gold, Platinum, VIP
Deposit & Withdrawal Methods Credit/Debit Cards, Bank Wire, Neteller
Number of Assets 100+
Account Currency USD, EUR, GBP, AUD or CAD
Overall Score 9.0/10

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Nota Bene: The Porter Finance binary broker platform has recently gone out of operation. There is no official data as to why and how this has happened, just a notice that is present on the former website of the online brokerage. We are investigating the matter as of now and will keep users posted. If one wishes to keep on carrying out binary options trading, then he can do so by opening an account with another binary options broker.


Update: Traders from USA are no longer accepted. For alternative binary options broker – click here.

Porter Finance was founded in 2014 by a team of professional brokers and it is already making its way to the top of the binary options industry. The company is owned by Running Forest Partners Ltd. and their physical address is at 1A, Arcade House, Temple Fortune, NW11 7TL, London, UK.

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Visit Porter Finance Official Website

Trading with Porter Finance has a lot of benefits, like the high payout of up to 83% and the simple and easy to use trading platform. There are more than 150 underlying assets you can trade with a minimum trade amount of just $5 on the 60 Seconds Options.

Porter Finance Deposit Methods

In order to start trading with a Porter Finance account, you will have to log into your account and deposit funds by choosing one of the following deposit methods: Credit Card, Debit Card, Wire Transfer, Neteller. Porter Finance accepts most of the major debit and credit cards, including Visa, Visa Electron, MasterCard and Maestro.

Wire Transfer is recommended for accounts with bigger deposits in excess of $20 000. Note that a fee may be applied for wire transactions. There are also other alternative methods to deposit money into your trading account, which vary according to your region.

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Review Verdict: Porter Finance is NOT a Scam

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Porter Finance Minimum Deposit

The minimum amount that you initially have to deposit to start trading with Porter Finance is USD 200, EUR 200, GBP 200, CAD 250 and AUD 250 depending on the currency you choose. Remember that once you make a deposit in a certain currency, it will be your account currency and you can’t change it later on.

Note that the minimum deposit amount if you choose to use a wire transfer is $500 and for any transfer below that amount, there is a $30 fee. It can take up to five days for the wire to be transferred to your trading account.

The maximum deposit amount varies according to the deposit method you choose. If you wish to deposit via Credit or Debit Card, you can invest as much as 20 000 USD. The maximum amount for Neteller is 3 750 USD per transaction. And if you choose to make a deposit using bank wire transfer, the amount is unlimited.

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Porter Finance Withdrawals

It usually takes Porter Finance 48 hours to process your withdrawal request and 5 to 7 business days for the funds to be transferred.

Porter Finance provides its traders with one free of charge withdrawal per month. If you want to withdrawal your money more than once a month however, there is a $30 fee.

tip

 Free TIP:

Always check the withdrawal fees of your broker. There are unreliable brokers with high & hidden fees.

The minimum withdrawal is 30 USD, EUR, GBP, CAD or AUD depending on your account currency for Credit Card, Debit Cards and Neteller. For wire transfer it’s 100 in your account currency. The maximum withdrawal amount for wire transfer is unlimited and for Neteller it’s 1 000 per transaction. Keep in mind that the maximum withdrawal amount for credit card can’t exceed the invested amount and any additional funds will be withdrawn by wire transfer. This means that if your initial deposit was $200, you can withdraw only $200 via credit card.

Porter Finance Account Types

There are 5 different account types you can open with Porter Finance. Each account type has different starting investment and benefits, so you can choose one that best suits your personal needs and preferences.

Beginner Account

  • Minimum deposit: 200
  • Up to 30% bonus
  • Weekly market reviews
  • Trading E-book

Standard Account

  • Minimum deposit: 500
  • Up to 75% bonus
  • Daily & Weekly market reviews
  • Trading E-book
  • 1 Trading Strategy

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Gold Account

  • Minimum deposit: 1 000
  • Up to 75% bonus
  • Daily & Weekly market reviews
  • 3 Trading Strategies
  • VIP academy membership
  • Money Management training
  • 5 Risk Free Trades

Platinum Account

  • Minimum deposit: 5 000
  • Up to 100% bonus
  • Daily & Weekly market reviews
  • 6 Trading Strategies
  • VIP academy membership
  • Money Management System
  • 10 Risk Free Trades

And finally, there is a VIP Account with a starting investment of 10 000, which you have to ask your account manager about in order to discuss the benefits they can offer you.


Nota Bene: The Porter Finance binary broker platform has recently gone out of operation. There is no official data as to why and how this has happened, just a notice that is present on the former website of the online brokerage. We are investigating the matter as of now and will keep users posted. If one wishes to keep on carrying out binary options trading, then he can do so by opening an account with another binary options broker.


Final Conclusion

Good_choice_stamp_BMINDEPPorter Finance is a leading binary options broker all around the world. It becomes more and more popular in Europe. This is thanks to their attractive bonus offers, high payouts and binary options academy. Porter Finance offers trading accounts in different currencies, which comforts clients from all geographic regions.

One of their best features is social trading. This software allows you to follow and trade the same options as the most profitable traders on Porter Finance’s platform.

Porter Finance is a great choice for many binary options traders. This broker can provide you with secure trading experience and offers you special features available only on their website.

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