Porter Finance Broker Review ¦ Binary Broker South Africa

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Porter Finance Broker Review

This broker is closed.

Porter Finance falls into category of new binary options brokers, since this brokerage company is established in 2020. Porter Finance is owned by Running Forest Partners Ltd., located in London, United Kingdom.

In a short period of time, this broker has proven to be trustworthy and to conduct an transparent business and offers numerous trading instruments and services to traders worldwide, including traders in South Africa.

More on trading Porter Finance trading features and account types, you can find out in our Porter Finance review below:

  • platform and trading features
  • variety of trading accounts
  • how to deposit and withdraw?
  • availability of customer support

Porter Finance Trading Platform

Minimum deposit amount to start binary options trading with Porter Finance is $200, which is among the lowest in the industry.

Maximum bonus is unlimited, while highest return can reach 83%. Minimum and maximum investment amounts are set on $5 and $2500. This broker offers traders in South Africa and other countries across the globe a possibility to make payments with EUR, USD, GBP, AUD and CAD.

Traders around the world can join in and start trading, except those in Turkey.As its chosen software, Porter Finance uses Panda TS. It is one of the popular ones in the industry and a lot of binary brokers use it.

Porter Finance offers a high security level with top notch services for traders worldwide to have a profitable binary options trading experience. Platform looks very appealing and it is simple to search for any information on the site.

We had positive experience with Porter Finance trading platform and it is clear why this broker is one of the top brokers in the industry right now. Read further in Porter Finance review to know more about trading services and features.

Porter Finance Trading Features

To traders worldwide, this broker offers a lot of trade options, depending on their characteristics, such as 60 Seconds, High/Low, One Touch, Long Term, Pair Options and Ladder Options.

Together with numerous trade options, traders can choose among many expiry times that are available on the platform: 30 seconds, 60 seconds, 5 minutes, 15 minutes, 30 minutes, 1 hr, 24 hr, 24 hr +, end of day, week, month, 30 days and finally, 150 days.

Traders in South Africa have opportunity to choose between almost 200 underlying assets, which are sorted in currencies, stocks, commodities and indices. This is one of the largest asset list that we have noticed during Porter Finance review.

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There are several available trading features that enable traders to achieve success in binary options trading process and maximize profit. All these features are of great help if they are properly used. Few of them are Double Up, Rollover and Buy-Me-Out. Read more detailed information below in Porter Finance review.

Double Up – used by traders when they are close to expiration time and are sure they are on a good way to earn money. By pressing Double Up button, entire trade is done once again, but with the same conditions as previously trade. This feature helps traders to double the profit.

Rollover – feature that allows traders to postpone asset expiry time. In case when trader disagree with the market and is convinced that predictions are opposite, he can activate this feature and close in the money. This is powerful trading feature and is available no later than 15 minutes before expiry and can be applied only once.

Buy-Me-Out – feature that enables traders to sell trade by fixed price at least one hour before asset expires. The best time for selling the trade is tightly related with knowing how far away is expiration time.

During our Porter Finance review, we discover that they offer traders in South Africa and other world countries a very useful and popular trading feature; demo account. Demo account gives traders possibility to test the platform and use different strategies without facing any risk.

No risk involvement is the key factor of demo version because traders aren’t actually placing trades with real money, instead they use virtual one. This is an example of how traders can improve trading skills and later on, benefit from binary options trading.

Porter Finance Trading Accounts

Besides demo account, Porter Finance provide traders 4 account types to choose. These accounts are: Basic, Standard, Silver and Gold Account.

Basic Account

With minimum deposit of $500, traders can receive up to 25% bonus. They have on their disposal possibility to use ebook and also get weekly market news on current situation of different assets.

Standard Account

Minimum deposit is $1000 and this account includes more features than previous one does. Traders can achieve bonus up to 40% and 1 trading strategy. Ebook and academy membership are also include in this account type.

Excellent news is that traders can receive latest market news, based on daily and weekly reports, which is very significant for all traders since it gives them latest information on what is currently going on.

Silver Account

Starting investment in this Porter Finance account is $2500. Bonus can reach 60% and fast withdrawal is guaranteed. Traders get ebook, both daily and weekly market news, 5 webinars and several others trading lessons. They also receive 3 risk free trades and personal broker for assistance during trading process.

Gold Account

To start trading binary options with this premium account type, minimum investment is $5000 and possibility to get up to 85% bonus. Daily and weekly market news are available for traders in South Africa as well as ebook and 10 webinars. Academy management and money management system are also included.

Traders get 6 risk free traders and fast withdrawal is guaranteed. As in Silver account, Gold account users also have on their disposal a broker, dedicated to you to be able to conduct successfully trading process.

Porter Finance Customer Support Service

Traders in South Africa can contact Porter Finance through several different methods: telephone, email [email protected] and live chat. Agent on live chat very quickly responded and answered all our questions quickly. Customer support is available for traders 24/7.

Regarding phone communication, it is available for following countries: South Africa on +27 105 009 179, USA, UK, Canada and Australia. Trading platform, however, is available only on English.

In Porter Finance review we discovered how traders can help themselves with a variety of education materials for successful trading experience. All these materials can be found on their site under Education.

They can use ebook, webinars, different tutorials for traders beginners and professional traders. Traders in South Africa can also check use economic calendar and FAQ to find answer on any queries related to binary options.

Porter Finance Banking Info

Trading binary options with Porter Finance is safe due to high protection level, by using SSL encryption system. As mentioned above in our Porter Finance review, minimum deposit is $200 and maximum is $20000 for those who make payments via credit cards.

To be able to withdraw money, certain documents have to be submitted, such as copy of photo ID, proof of address and credit card copy (if it is used in the process with covered digits). Documents are to be sent to [email protected] .

Traders can make payments through bank wire transfer, debit and credit cards (Maestro, Mastercard, Visa Electron and Visa) and e-wallet provider Neteller.

Minimum withdrawal amount with Porter Finance is $30 for credit cards, but $100 in case of bank wire transfer. Traders first have to submit withdrawal process that has to be approved by this broker to get your funds.

It takes 2 business days for Porter Finance to process withdrawal request and extra 5-7 business days for money to be visible on the trader’s account. Porter Finance doesn’t charge withdrawal fee if credit cards are used, but for bank wire, fee is $30. First withdrawal made in one month is free, every other in the same month is charged $30.

Porter Finance Broker Review 2020

As a new player on binary options market since 2020, Porter Finance is introduced to traders in South Africa. This broker is operated by the Running Forest Partners Ltd.

Within just two years since they appeared, Porter Finance gather a number of interested traders, who want to join this trading platform.

For that reason, we decided to review them and below in Porter Finance review, we will provide you with detailed information regarding trading platform and available features and instruments.

Porter Finance Trading Platform

Porter Finance broker review shows a crystal clear image of this trading platform so that interested traders know the reason why this broker is one of the popular ones. The platform is established by pioneers who have years of experience in trading market. There are a variety of features that have elevated the standard of Porter Finance South Africa from just good to an excellent choice.

There are a variety of features that have elevated the standard of Porter Finance South Africa from just good to an excellent choice.

Our Porter Finance broker review showed how they use Panda TS software provider for their trading platform. Traders should know how Porter Finance has implemented high safety reasons to ensure better trading experience for registered traders.

Available currencies at Porter Finance platform are: USD, EUR, GBP, CAD and AUD.

Minimum required deposit is $200, with payout can reach 83%. Lowest investment with this broker is just $5 and maximum investment is $2500.

Porter Finance Trading Features

The opportunity to get assistance irrespective of previous experience and trading level has made the site striking for traders. The presence of six unique trading tools makes easy to utilize various trading strategies.

Traders are free to make selection from One Touch, Short Term, Long Term, Ladder Options, Pairs, 60 Seconds and High/Low. As compared to other options, short term trading has gained popularity as short term expiry period (30 seconds up to 5 minutes) is being offered with one instrument or multiple instrument choices.

Expiry times can also be 15 min, 30 min, 1 hr, 24 hr, 24 hr+, end of day/week/month, 30 days and even up to 150 days.

While reviewing Porter Finance, we came across information how it is possible to trade with more than 200 underlying assets. A truly amazing list of stocks, commodities, currencies and indices is available on this trading platform.

To traders in South Africa, Porter Finance offers secure trading platform and as an addition, even a mobile version. This mobile app supports iOS and Android operating systems. On Porter Finance mobile app, traders can have an overview of binary trading accounts, history of trades etc.

Traders cannot miss any feature whether they get login through desktop, laptop, Android, iPhone, tablet or iPad.

Another very important services available is demo account, as seen in our Porter Finance review. Demo account facility is also given to understand the system of real trading accounts with no risk of loss. Demo account is mostly used by inexperienced traders who want to learn all tricks of successful binary trading process.

Though the traders have to deposit funds to open demo accounts; but there are particular ways to enjoy pre-deposit demo account. In order to get this facility, register an account and contact with experts to understand the procedure.

Porter Finance Trading Accounts

As seen in Porter Finance broker review, this broker offers several different account types for traders in South Africa. Below, we will list them and provide trading characteristics for each trading account

Porter Finance Starter account

To get benefit of this account, deposit $1000 in selected currency. Traders can avail 30% bonus, trading e-book, account manager and market reviews on weekly basis.

Porter Finance Silver account

To open Standard account, $5000 need to be added in account. More than 40% bonus, membership of trading academy, market reviews on daily & weekly basis, trading strategy and trading e-books are given to allure the traders.

Porter Finance Gold account

Gold account holders should submit at least $10000 in account to avail the exclusive features like 75% bonus, three all-inclusive trading strategies, training for money management, market reviews, risk free five trades and VIP academy membership.

Porter Finance Platinum account

The Platinum account is referred to traders who are interested to invest more and more funds. It is the reason, minimum investment starts from $25000. VIP membership, trading e-books, risk free 10 trades, money management techniques, market reviews, six trading strategies and 100% bonus are some of the eye-catching benefits.

Porter Finance Diamond account

Required minimum deposit for this account type is $50000 and 80% bonus is on disposal. Traders can get 5 risk free trades and get withdrawals in the same day. Daily market reviews, 5 sessions and live webinars are also included. Traders will have assistance from dedicated broker which is very helpful.

Porter Finance Royal account

With this account type, South African traders can get a selection of benefits, such as Academy VIP membership and up to 50% insured account. Traders will be provided a Personal coach and dedicated broker also. Withdrawals are expedited and binary trading signals are also available to use.

Porter Finance Corporate account

To get more details about Corporate account, we recommend to directly contact senior account manager and get valuable information.

Porter Finance Customer Support Service

Porter Finance broker review showed us how this broker has very good and fast customer service. High standards are implemented to satisfy South African traders.

Customer support is available 24/7 and traders can reach them via:

  • Email on [email protected]
  • Phone for South Africa +27 105 009 179
  • Live chat

Emails are given response within a day, whereas live chat operators give instant feedback. Every trader is given account manager for guidance and selection of tailored features.

Another thing worth mentioning in this Porter Finance broker review is that they have prepared a really good Education Area with a selection of useful guides, FAQ and other education materials for more profitable trading journey.

Porter Finance Banking Info

Debit cards, wire transfer and electronic payment methods are offered to South African traders. Neteller is the widely used payment option. To make the trading site secure, SSL secured system is enabled along with PCI compliant, so that credit card information more than last four digits cannot be stored.

AUD, CAD, GBP, USD and EUR are the acceptable currencies for depositing funds. Traders, who have selected GBP, EUR or USD currency have to transfer at least 200 deposit, whereas AUD and CAD currencies minimum deposit starts from 250.

Conversely, maximum deposit is 20,000 through credit card, while 3750 amount can be deposited through e-wallet (Neteller). The lowest deposit for wire transfer begins from 500; however, investors do not have any restriction regarding maximum deposit.

Just like the deposit, the withdrawal is fairly straightforward method. When credit card is selected, the investors can receive funds equal to deposited amount. In case, the withdrawal is more than initial deposit, the exceeding amount is transferred through e-wallets or wire transfer.

For each withdrawal, the lowest amount starts from 30 in selected currency. Free of charge withdrawal is awarded to all traders on monthly basis. For Beginner and Standard account, it takes three working days to receive funds, but VIP, Platinum and Gold account holders are given favor to withdraw funds within 24 hours.

Porter Finance Broker Review

Porter Finance is one of the most rapidly growing binary options brokers as they have managed to lure in new traders with excellent support, trading and education services. More advanced binary options traders have praised their long list of assets available for trading. With Porter Finance review, Fair Binary Options is confirming that this is a safe and reliable binary options broker.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

PorterFinance Special features

Porter Finance review brings all the account options that are offered to PorterFinance customers. For the Porter Finance review we used the Porter Finance Standard account. Here is the overview of the features to be found with each of the account types.

Porter Finance Beginner Account

  • from $250 deposit
  • 30% bonus
  • weekly Porter Finance reviews of the market
  • e-book on trading

Porter Finance Standard Account

  • from $750 deposited
  • 40% bonus
  • daily and weekly Porter Finance review of the market
  • e-book
  • access to the academy
  • 1 trading strategy

Porter Finance Executive Account

  • from $1000 deposited
  • 75% bonus
  • 5 risk free trades
  • daily and weekly Porter Finance review of the market
  • VIP academy access
  • 3 trading strategies
  • money management training
  • e-book

There is also a VIP account at Porter Finance, for traders who deposit more than $100,000. Porter finance rules relating to bonuses are mostly standard, requiring 30x turnover to withdraw funds. We are not happy to see that all funds are subject to this bonus policy, so we urge customers to think well before they accept promotion offers.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

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PorterFinance Trading software

Porter Finance trading solution is very versatile. During the trading session we did for the PorterFinance review, we found the software easy to use, responsive and adjustable to trader’s needs. The binary option types available trough Porter Finance are high/low, pairs, long term, turbo options, one touch and ladder trading system. This is really a wide range and we believe most traders will find their preferred binary options type.

The trading interface is modular. We mostly used the standard setup for the Porter finance review, but there are also other window settings, depending on the trading style of the individual investor. Also, Porter Finance offers huge list of assets, as we already mentioned in the Porter Finance review introduction. There are more than 100 stocks, even 11 commodities, 53 indexes and 28 currency pairs. A well diversified portfolio with this kind of offering is not a problem to achieve.

Also, PorterFinance academy offers many good resources to improve one’s trading skills. These are divided according to levels so each trader can quickly find materials that are most suitable to his needs of improvement.

Porter Finance platform also offers risk management tools such as buy me out, double up and rollover.

Porter Finance Demo account is available to all Fair Bianry Options traders who go to the live chat and give the code “Porter Trade” to the personnel.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

PorterFinance Support information

Porter finance review uncovered a 24/7 support desk so all traders can always use chat, phone, Skype or e-mail to contact this broker in case any problems arise. When we were writing the Porter Finance review, we encountered reasonable response time from the help desk staff of the broker. Phone numbers are available for UK, Canada, Australia, New Zealand ans South Africa. Unfortunately this broker only supports english language at the moment.

Porter finance also has a good FAQ which will help many traders avoid contacting the support altogether since information provided there are very detailed and useful.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

PorterFinance Payment Methods

Porter Finance uses SSL encryption to protect all transactions. This means that the banking services they provide are safe too. The integrated platform makes it easy to deposit and withdraw, as our Porter Finance review shows.

Porter Finance customers can deposit money easily by using major credit cards such as Visa, MasterCard, American Express, Diners and others. Also, the more traditional way of banking is available with bank wire transfers. During the Porter finance review we really liked the fact that this broker also accepts Skrill/Moneybookers as a means of payment. The minimum deposit amount is USD 200, EUR 200, GBP 200, AUD 200 or CAD 200 depending currency trader uses. With bank wire, the minimum is $500, with a $30 fee. As usual, the account must be verified by sending in the documents like ID and utility bill.

Withdrawals are also fast and processed in 2 days. There is a minimum withdrawal amount of $30 for credit cards, $30 for Skrill and $100 for bank accounts. There are no fees for the first withdrawal of the month. Additional withdrawals carry $30 fee if using the bank wire.

Porter Finance doesn’t state the company behind the broker on their website.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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