Porter Finance is a broker that has been around for a year now. It is owned by Oracle Stone Ltd, in the United Kingdom. It has a reputation for being one of the most reliable trading platforms out there with many awesome tools for traders to use. It was built by experienced people who have tried and proven every aspect of the platform beyond a doubt.
One of the best parts about the broker is that it is open to traders from all over the world, including the US. This is something a lot of people don’t do for some reason. It is open to traders everywhere except in Israel and Turkey. Lets see what else the broker has to offer in this Porter Finance review.
Porter Finance Features Review
There are many features that make this broker truly a cut above the rest. It is tailored to traders who are both beginners and experts in the field. There are six powerful trading strategies and tools, such as the Binary Options, Pairs, Long Term, One Touch, Ladder and Second (Short Term) options. All of these come with the platform they use. You can invest in a short term option that lasts for up to 5 minutes, or you can invest in multiple options at the same time. You get an account manager as well, who can help you set up a demo account to practice on.
There is also a feature that not many other brokers have on their platform – trading signals. If you are an advanced trader, there are RSI, MACD and Bollinger Band strategies to take advantage of, without the need for third-party applications. It allows your trades to be a lot more efficient and effective.
Five main account types are possible with this platform:
- Beginner – The basic account with a deposit of $500. You get a 30% bonus as a welcome, access to weekly market updates and reviews, an introductory e-book, and a personalized walkthrough with your manager.
- Standard – With a deposit of $1000, you get the standard account. This features a 40% bonus, daily market updates, training and free lessons in strategies.
- Gold – For traders investing $5000, the gold account is granted. There is a bonus of up to 75%, and a huge amount of training. You get training in 3 different strategies as well as money management, and 5 trades that are free of risk.
- Platinum – this is for the deposits of $10000, which gets you a 100% bonus, all of the perks of the other accounts, 10 free trades, and lessons in 6 different strategies.
Finally, there is the VIP account type. This is for the 1% of people who deposit over $100000 when signing up. It is completely customizable and you can add any benefits you want to.
Regulation, Reliability And Licensing
This is a problem that some traders have when trying to work with Porter Finance. As of now, the broker isn’t licensed by a recognized body in any country, or by any international regulatory authority. This can be worrying for a lot of users, although the broker is highly recommended by all professionals for its ease of use and access.
Is The Software Worth A Shot?
One of the best things about this broker is the SpotOptions trading software. It has an extremely light, simple design which is extremely user-friendly. Anything you want can be found with ease, making it perfect for newbies to the trading game. There is no need for downloaded 3rd party software either. The software is also available as a smartphone app, making it perfect for the trader on the go. If you don’t want the app, the site has a responsive design so that it works with any mobile browser smoothly.
Payouts Galore With Porter Finance!
There are many option for payouts. Usually, they go up to 85%, but with the one touch feature you can get up to 400% and the ladder feature can give you 1500% bonuses. However, you should get a lot of experience before going for these features.
You can use a variety of different payout methods over their encrypted withdrawal system. Almost all credit cards and debit cards are accepted, as well as bank wire transfers and the Neteller platform. SSL encryption is available on every page, and the platform is compliant with PCI standards. Overall, this is one of the best brokers we have had the pleasure of using. If licensing is obtained, this one is one for the history books.