Porter Finance Review
Owned and managed by a holding company known as Running Forest Partners Ltd, Porter Finance is the latest binary options broker to start operating in 2015. Based in London, this broker has caused a stir among the binary options trading community for being the binary broker that offers the highest welcome bonus for new account holders. In addition, they are also being the most service oriented broker around as well. In the words of their operations manager, “the company prides itself on excellent service and guarantees the best environment for success to our traders passing on our knowledge to traders in order to maximize their trading potential.”
Porter Finance uses the ever popular industry proven SpotOption Gen 2 trading platform. One of the main reasons for the popularity of this platform among traders is the fact that this platform is so easy to use. Hardly any training is required for the operation of the trading platform. In addition, the platform is packed with useful trading features such as “Buy Me Out”, “Double Up” and “Roll Over”. However, the most exciting of the platform is the newly introduced “Market Indicator” feature. With this feature, traders can use choose between the RSI, Bollinger Bands or Moving Averages indicators to give them a better idea on the direction of the price movements.
As for the type of trading contracts available at Porter Finance, traders can choose from the six different types that are being offered. These include:
- Classic Binary Options
- 60 Seconds Options
- Ladder Options
- Long Term Options
- One Touch Options
- Pair Options
Of all the options contracts being offered, the most interesting is the “Ladder options”. With ladder options, binary traders can now execute the sophisticated ladder trading strategy with just a single click of the mouse. Previously, the execution of the ladder trading strategy requires the execution of multiple individual trades which is not ideal for a fast moving binary trade.
In terms of payout ratio, Porter Finance seems to be quite generous as their maximum returns for normal options is up to 85%. For one touch options, the returns are said to go as high as 1500%.
As for trading accounts, Porter Finance offers 4 types of trading accounts to suit the differing needs of their clientele. They comprise of:
- Beginner Account
Geared towards new trader, this type of account offer 30% welcome bonus and requires only $250 deposit to open.
- Standard Account
This type of trading account is tailored for those who have more trading than a beginner but haven’t reached the stage of being a professional trader yet. The starting investment for this type of account is $750 and the bonus offered is up to 40%.
- Executive Account
Professional binary traders will find this type of account suited to them with the additional benefits it offers. For starters, trader gets up to 5 risk free trades and 75% in welcome bonus. Other perks include VIP academy membership and comprehensive money management training. Starting investment for this type of account is a modest $1000.
- VIP Account
For the VIP account, traders will need a minimum of $100,000 to open this type of account. For more details about the benefits of this account, traders will need to speak to the account manager.
There is also a 24 hours demo account which traders can try out with before they sign up to trade live. To gain access to the demo account facility, you have to use the promotional code: porter trade.
At present, Porter Finance is offering 59 different types of underlying assets. Although the number of assets is not extensive as we would like, they do have a good mix sourced from the forex sector, commodity sector, equity sector and market indices sector. The list below shows the full range of that they have now.
|APPLE (US)BAE SYSTEMSBPCITI (US)COCA COLA (US)|
TATA MOTORS (INDIA)
|BOMBAY SECAC 40DAXDOWDUBAI FMGI|
TEL AVIV 25
As mentioned earlier, Porter Finance is also known for quality of its customer service. The service is staffed by friendly and professional support representatives who can be reached 24 hours a day 7 days a week. Access is made easier from the fact that there are several ways such as email, live chat and the telephone to get in touch with the support team.
- Dedicated and Friendly Support Staffs
- High Bonuses
- High Returns
- Powerful and Efficient Trading Platform
- Risk Free Trades Available
- US traders Accepted
- Limited Number of Underlying Assets
- Non Regulated Broker