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Rating: 4.0/5 (1 vote cast)

Porter Finance Review

Porter Finance, founded in 2014, is a binary options broker domiciled in London, UK. Porter Finance is still in its infancy but its dynamic platform and choice of over 100 different assets will go far in making it a leader in the industry. Porter Finance is also one of the few binary option brokers that accept U.S. clients.

Porter Finance Home page

Porter Finance Home page

Accounts

There are four different accounts to choose from at Porter Finance. The Beginner Account requires a minimum deposit of $200 and comes with a bonus of up to 30%. The Standard account requires $750 to start and is eligible for a bonus of up to 40%.

With $1000 a trader can open an Executive account which comes with a 75% bonus, 5 risk-free trades, 3 trading strategies and money management training.

For those with a large amount of money to invest, the VIP account is the top account, requiring a deposit of at least $100,000 to start.

All accounts come with a free ebook, Academy membership and at least one trading strategy.

Features

The Porter Finance site is intuitive and easy to navigate. All the information needed is clearly laid out and responsive. Assets can be chosen from a drop down box, making navigation simple. Drop boxes are also used for choosing the expiration time; 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 and are unique to Porter Finance.

The website and customer support is available only in English. Maybe additional languages will be added down the road.

Platforms

Porter Finance uses the SpotOption platform which comes with built in option indicators and offers a variety of unique features and option choices.

Included in the list of binary options are 60 Seconds, One Touch, Rollover, Double Up, Pairs and Ladders.

The various options are listed on the landing page and each one is accompanied by a graph with live activity and current prices.

Education

Education is important at Porter Finance. Their Education Academy caters to traders of all levels and offers traders all the latest trends and developments in the binary trading world while providing 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 and are suitable to both beginners and experienced traders. Their webinars are given by professional speakers and easily accessible.

The Porter Finance eBook is given to anyone opening a trading account. It is basically a manual for binary option traders and includes articles on a variety of topics and trading tips by leading financial experts on key trading strategies that can 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.

Conclusion

All in all I found that Porter Finance has all the necessary features needed for traders of all levels. Opening an account is straight forward and setting up a trade takes only seconds. Unfortunately at the moment, Porter Finance is not regulated. But the fact that it accepts U.S. clients would indicate that regulation is not too far in the future.

AdvantagesDisadvantages
Choice of AccountsEnglish only
Excellent Customer SupportNo Regulation
Accepts U.S. Clients
Porter Finance Review, 4.0 out of 5 based on 1 rating
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