The binary trading broker Porter Finance is, now a day, in news for offering great trading experience to its registered traders. But, as binary trading world is populated with fraud or scam companies, it becomes necessary to make a review of Porter Finance’s activities and trading system, before associating with this binary trading robot.
Porter Finance in nutshell
Company: Porter Finance
Owner: Running Forest Partners LTD
Trading assets: More than 100
Trading currencies: USD, GBP, EUR, CAD and AUD
US traders allowed: Yes
Minimum deposit: $200 (varies depending upon account type)
Trade starts from: $5
Payment methods: Credit and Debit cards, Wire transfer, Moneybookers
Customer support: 24/7/365 via chat, phone, e-mail
Other assistance: Educational material, market reviews, e-books and learning center related to binary trading
Review of Porter Finance
Porter Finance is a young binary trading platform but shows huge potential. The brains working behind the whole system have vast experience in the field of binary trading
The best aspect of Porter Finance is that it accepts traders from all over the world except 1 or 2 nations. Even US traders are also allowed to trade with this broker, following certain restrictions. Till now, Porter Finance has been friendly to traders from different countries of the world but at the same time has also been a law abider.
In such a market where many traders have suffered huge losses getting ditched by fraud brokers, Porter Finance seems to really care for its customers. Before taking the first step into binary trading, a novice trader can inform and educate himself well with the help of Porter Finance’s learning center and materials. Besides, in case of any emergency, the help-desk is always there to support the traders. The efforts made by Porter Finance in customer service have hardly been seen by any other trading company in the past.
Porter Finance uses Spotoption platform. The platform is well designed and user friendly. Traders with different experience level can easily make use of various modules of the platform. The platform is also equally compatible with mobile browsers.
The platform offers 6 trading tools to customize one’s own trading strategy. Different types of binary options like Long-term, Short-term, Ladder etc. are provided to trade on. Options can be chosen either individually or in combination. Starting from $5, investment can go up to $2500 for each trade.
It allows trading on more than 100 different assets including commodities, currencies, indices etc. When a trader sign-ups with Porter Finance, he has to choose from 5 different account types: Beginner, Standard, Gold, Platinum and VIP. The minimum investment requirement and level of risk involved in trade vary with the account type.
The systems of depositing and withdrawing funds are very transparent. Generally it allows money transfer either through credit or debit card or wire transfer or e-wallet. The money transfer system is really secured.
In comparison with other market players, Porter Finance stands in a much better position. It’s trading platform, customer support and training resources have survived tests of various binary options review authorities. It continuously upgrades its technology to improve users’ experience.
There are lots of independent traders sharing their experience with this platform in different media. As of now, it seems nowhere near to be a scam broker. Though it is not regulated yet, Porter Finance’s performance has been such that no complains can be found against it.
Without having a demo account and clarity regarding few of its terms and conditions, it cannot be said that it is a perfect broker in all aspects. But in view of its performance, it is highly recommended.