Porter Finance Review

UPDATE (12.01.2017):

We have found out that Porter Finance is closed.

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Old Review:

Porter finance logoPorter Finance is a London-based binary options brokerage business owned by Oracle Stone Ltd. The brand is operated out of the central headquarters as well as seven other regional offices scattered across North America, Asia, South Africa and Europe. Porter Finance offers traders the opportunity to trade on currencies, stocks, commodities and indices from a single platform. With over 100 assets listed, traders have a wide variety of assets to choose from and can trade with great flexibility.

Basic information:

Online since: 2014
Jurisdiction: United Kingdom
Software: Panda TTS
Max Returns: 83%
Bonus: 100%
Minimum Deposit: $200
Minimum Investment: $5
Maximum Investment: $2500
Currencies: USD, EUR, GBP, CAD, AUD
Mobile: No
Countries: All nations excl. Turkey

Pros:

– Exceptional deposit bonus
– High Returns on Investment
– Small minimum investment
– A very user friendly trading platform interface
– Wide variety of options

Cons:

– No customers from Turkey and US accepted

Binary Minery Rating:

5 stars

Start trading

Porter Finance Special Features

What special features can traders new to Porter Finance expect to get when they sign up to trade binary options?
Special features on Porter Finance include:

a. Risk management trade tools such as buy me out, double up and rollover.

b. A full-fledged educational suite complete with webinars, videos and market reviews.

c. Customizable trading interface.

d. Provision of a demo account.

Screenshot

Porter_Finance_Screenshot

PorterFinance Account Types

Porter Finance caters for all categories of traders; from those who just have a little disposable income to the high rollers. Therefore, you can choose from any of the following account types:

– Demo account
– Starter account
– Silver account
– Gold account
– Platinum account
– Diamond account
– Royal account
– Corporate account

Each account type comes with its own features and these are discussed below.

1. Porter Finance Demo Account

A Porter Finance Demo account is available to all Porter Finance traders with a live account. Further details on how to redeem yours can be obtained from the customer support desk.

2. Porter Finance Starter Account 

– Starts from $1000
– 20% welcome bonus
– Porter Finance review of the market provided daily
– Free e-book
Educational videos and webinars

3. Porter Finance Silver Account

– Starts from $5000
– 30% welcome bonus
– Market reviews provided daily
– 1 risk-free trade
– Free access to 1 academy session
Trade signals provided weekly
– webinars

4. Porter Finance Gold Account 

– Starts from $10,000
– 45% welcome bonus
Market reviews provided daily
– 3 risk-free trades
– Free access to 3 academy sessions
– Trade signals provided daily
– webinars
– Dedicated broker services provided

5. Porter Finance Platinum Account

– Starts from $25,000
– 60% welcome bonus
– Market reviews provided daily
– 5 risk-free trades
– Free access to 5 academy sessions
– Trade signals provided daily
– webinars
Dedicated broker services provided
– Training on money management
– Same day withdrawals available
– Managed account services available

6.Porter Finance Diamond Account

– Starts from $50,000
– 80% welcome bonus
– Market reviews provided daily
– 10 risk-free trades
VIP access to academy sessions
– Trade signals provided daily
– webinars
– Dedicated broker services provided
– Training on money management
– Same day withdrawals available
Managed account services available

7. Porter Finance Royal Account

– Starts from $100,000
– 80% welcome bonus
– 50% insured account available
– 10 risk-free trades
– VIP access to academy sessions
– Trade signals provided daily
– webinars
– Dedicated broker services provided
Training on money management
– Expedited withdrawals available
– Managed account services available
– Exotic vacations

Porter Finance Trading Software

Porter Finance offers a break from the conventional binary options turnkey software widely used by many brokers and offers the Panda TS trading portal. This avails traders the opportunity to trade on several binary options types, some of which are not found on majority of platforms in the market. The binary option types which are available for trading on the Porter Finance version of the Panda TS platform are as follows:

High/Low: This is the classical trade type where the trader decides on whether the expiry value of the asset will be higher or lower than the market price when the trade expires.

Pair Options: Two assets listed in the same market sector or offering similar products (and therefore compete with each other) can be traded against each other to decide which will outperform the other. Examples of assets traded as pair options are Google vs Apple, two companies which make smartphones.

Long Term: This is for swing and position traders. A long term trade is a High/Low trade with a long expiry; usually from one week and up to three months.

Hyper options: This is actually the 60 seconds trade, which allows traders to decide on whether an asset will end higher or lower than market price after 60 seconds.

One Touch: Lasting for a week, the One Touch trade allows traders to decide on whether a strike price located far above or far below the market price will be attained by price action. The ambitious nature of the strike price targets provides for a high yield payout if the trade is successful.

Ladder: The ladder trade comes with several strike prices and payout milestones. These strike prices are arranged around the market price like the steps of a ladder and attainment of a strike price causes a payout to be triggered.

The trading interface can be switched between the modular view and a customized view. Portfolio diversification on Porter Finance is made possible through the more than 180 listed assets divided into four asset categories: stocks, commodities, indices and currencies. A well diversified portfolio with this kind of offering is not a problem to achieve.

PorterFinance Support Information

Porter Finance review has an English-only support desk which is available 24/7. Traders can contact the support team using:
– Live Chat
– Phone: +44-2035192532
– Skype
– E-mail: support@porterfinance.com Phone numbers are also available for inquiries from Australia, Canada, South Africa and New Zealand.

Porter Finance Banking

Deposits on Porter Finance can be done using the following transaction methods:

– Credit cards: Visa, MasterCard, American Express, Diner’s Club
– Bank wire transfers.
– E-payments such as Skrill.

The minimum deposit amount is 200 USD/Euros/GBP/AUD/CAD using cards or Skrill and a minimum of $500 using bank wires.
Withdrawals must be performed using the same method used in depositing funds. The minimum withdrawal for credit cards and Skrill is 30 units of the account currency and 100 units of account currency for bank accounts. The first monthly withdrawal is free; additional withdrawals within the month attract a $30 fee.

Additional information

Customer Service: Live Chat / Email: support@porterfinance.com
Languages: English
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times:  30 sec, 60 sec, 5min, 15 min, 30 min, 1 hr, 24h, 24 hr+, End of Day, End of Week, End of Month, 30 days, 150 days
Deposits and Withdrawals:  Visa, Mastercard, Bank WireSkrill Moneybookers, Visa Electron, Cartebleue,  Amex
Withdrawal Time: 2 days
Demo account: Yes

Start trading

Related Pages:

References and Further Reading:

1.Historical evidence on the finance-trade-growth nexus (MD Bordo, PL Rousseau)
2.Public finance, trade, and development: what have we learned? (JF Linn, DL Wetzel)
3.Trade, finance, specialization, and synchronization (J Imbs)
4.Public finance, trade, and development: the Chilean experience (V Corbo)
5.Sources of contagion: is it finance or trade? (C Van Rijckeghem, B Weder)
6.Trade credit: theories and evidence (MA Petersen, RG Rajan)
7.Formal finance and trade credit during China’s transition (R Cull, LC Xu, T Zhu)
8.Trade credit and bank finance: Financing small firms in Russia (LD Cook)
9.Global transformations: Politics, economics and culture (D Held, A McGrew, D Goldblatt, J Perraton)
10.Finance and trade: A cross-country empirical analysis on the impact of financial development and asset tangibility on international trade (J Hur, M Raj, YE Riyanto)
11.Exploring alternative theories of economic regionalism: from trade to finance in Asian co-operation? (H Dieter)
12.International portfolio choice and corporation finance: A synthesis (M Adler, B Dumas)
13.Mediaeval Trade and Finance (MM Postan )
14.Trade credit, quality guarantees, and product marketability (MS Long, IB Malitz, SA Ravid)
15.Trade finance automation system (RS Martin, JG Olsen)
16.Trade finance and the great trade collapse (JB Ahn, M Amiti, DE Weinstein)
17.Globalization for development: trade, finance, aid, migration, and policy (I Goldin, K Reinert )
18.Poultry in motion: a study of international trade finance practices (P Antras, CF Foley )
19.Trade credit and the bank lending channel (JH Nilsen)
20.The un and global political economy: trade, finance, and development (J Toye, R Toye)

Binary Minery Review: Porter Finance Broker5 stars.