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Porter Finance falls into category of new binary options brokers, since this brokerage company is established in 2014. 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.
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.
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.
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.
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.
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.
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