Is There Porter Finance Scam ¦ Safe Binary Trading South Africa

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UPDATE (10.01.2020):

We have found out that Porter Finance has shut down their operations.

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Old Review:

Many years ago because of the newness of binary options trading and the way the trading differed from broker to broker, many people were skeptical of trading binary options. Some even went as far as to say binary options were just gambling with financial assets or they were even a scam. To be honest there was some evidence that some of the brokers did take advantage of their customers with some very high fees. So it’s understandable somewhat that the practice of trading binary options had a less than great beginning, but all that has changed thanks to reputable sites like Porter Finance.

It is good that over the years the reputation of trading binary options has improved tenfold. Now there are such things as regulatory agencies that have come about and many of the trading practices are a lot more uniform across the different brokerage sites. Porter Finance is definitely a binary options broker that likes to keep a clean reputation.

The broker is relatively new as they first started to allow people to trade on their site back in 2020 but it is a site that has quickly grown and made great strides to prove itself as a reliable binary options broker. Traders from all over the globe say they are very satisfied with their features and the services they provide their investors. It is very organized and structured site that gives its traders a fair chance at making a profit and does it in a very transparent way; that is the very opposite of a site that tries to scam someone.

How does a website prove to its customers that it is a legitimate trading platform? By doing such things as providing 24/7 customer service to assist their traders and do it with a response rate that is fast and effective. Customer service can be contacted by phone, internet chat and Skype to quickly get a problem resolved. They also offer a large variety of ways to do banking on their site; traders can make deposits and withdrawals using such methods as MasterCard, Visa, Skrill, bank wire transfers, Cartebleue and Visa Electron.

From the beginning traders from everywhere in the world (except in Turkey where it is prohibited) have been enjoying the benefits of trading on Porter Finance and it has been attracting a wide variety of traders from all backgrounds of financial market trading. If the site was trying to scam people then there is no way that they would be able to grow their customer base the way they have. With their excellent and responsive customer service and their transparent banking practices traders know they are not trying to scam them because scam sites often practice quite the opposite of those two features.

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Deposits and withdrawals on Porter Finance are always done with approval from the customer only and done in a secure fashion that requires a lot of user information to be verified in the process. Sites that try to scam people have very covert banking transaction policies and usually charge very high fees for those services. Scam sites rip their customers off by chipping away at the funds in the traders account and by not giving those that make investments on them a fair chance to win.

Every trader should do such things as checking to see if a broker has a regulatory license before signing up with them or do a thorough internet search for reviews before they sign up to trade on any brokerage site. Regulatory agencies are charged with keeping a watchful eye on individual brokerage sites and also revoking their certification if any broker that falls under them has been found to be undertaking scam like practices.

Organizations like FCA in England, FSPR in New Zealand, MIFID in European Union and CySEC in Cyprus have been earning a reputation for ensuring the sites that fall under them are fair and transparent in their trading and operations. These regulatory agencies tend to have online brokers under them that concentrate their business in specific regions of the world, whereas other sites can be traded on anywhere in the world.

So joining a site that is regulated by an agency is highly recommended when someone is looking to trade binary options online or joining a site that is always favorably reviewed online. This will ensure any trader that they will have a fair chance of winning on their investments because the site they are trading on conforms to a strict set of compliance regulations. Choosing an unregulated binary options trading provider could be a big mistake unless they are always reviewed in a positive light.

Does Porter Finance get Complaints?

There is no business in the world that does not get complaints from time to time especially when it comes to situations where a person has put their money at risk trading financial markets. But with that being said, if a person does an internet search on Porter Finance they will find very few complaints and those that they do find will be very minor in nature. Having a responsible and well trained customer service team that is available 24/7 goes a long way toward building a good reputation and minimizing complaints about Porter Finance. They respond quickly to problems and concerns and they can even be reached by phone from such countries as the New Zealand, South Africa, Canada and the UK.

The website also has a very good FAQ section and a tab that customers can easily click on if they need to send the company a query. With measures put in place by Porter Finance to handle a wide variety of potential topics they can answer questions thoroughly and in a way that stops most complaints from ever happening in the first place. All the complaints and concerns that their customer service team gets are handled by phone, Skype or internet chat in real time by real people. There are no prerecorded messages or extended wait times for which frustration can continue to build before a traders concerns or questions are answered.

Porter Finance doesn’t only want to be known as a site that only has good customer service they also want to have a reputation for educating their traders. A huge step in that direction is there free demo account. It is a tool that will help those that trade on the site learn the Porter Finance platform before they actually start placing trades for money. This can be a huge advantage to novice traders especially.

How does Porter Finance’s demo account work?

The demo account works by closely mimicking how the actual trading platform works except it uses dummy money. It lets those that use it get a feel for how the actual trading on the site will work without having to risk a dime of their own money. Once the investor gets comfortable trading on the demo and is making winning trades consistently, they will then be able to start trading with real money and with a lot more confidence. It will help any investor learn how to eliminate normal trading mistakes without having to take a financial loss as a result of it

The learning tools don’t just start with the demo account either. Porter Finance has an assortment of learning tools for their customers to choose from to enhance their binary options trading skills. There are several different reference materials on different aspects of binary options trading that a user can read and there is also the handy eBook that Porter Finance supplies those that sign up and trade with them. The eBook has a lot of useful A to Z information on binary options trading and will be very helpful for both novice and veteran traders alike.

The site also does several financial reviews on different assets that they make available to their traders; this type of detailed information is what often makes the difference between placing winning and losing trades. They also provide up to date financial news and update their investors as to the current market trends too. All of this helps to educate their traders in a way that not many sites do. Porter Finance customers always have a keen sense as to the way that the financial markets are currently acting. This goes a long way toward eliminating big losses and helping those that trade on the site experience more consistent winning decisions.

Is the Porter Finance Site Regulated?

Porter finance has been helping people trade online since 2104. They chose not to be a regulated site because they wanted to make themselves available to users all over the world. That gives both Porter Finance and those that trade with them some big advantages that regulated sites don’t have. It also allows them entry into the US binary options market and provides traders there the opportunity to place binary options trades with one of the premier online brokers in the business. Only the residents of Turkey are not allowed to trade with this outstanding binary options broker.

Regulated sites have limits on the assets that can be traded and also on the types of binary options that can be traded on. Porter Finance likes their customers to have more choices because it makes binary options trading more fun and interesting; not to mention that the more choices a trader has the more likely they will find a type of asset or binary option that they can consistently make winning trades with. Regulation not only takes some of the fun out of binary options trading, it can take some of the profit out of it too.

Regulatory agencies tend to put too many limits on the sites that fall under them and it makes their trading platforms a little too sterile in many people’s opinions. That is one of the major reasons why Porter Finance chose not to be regulated. People should not be afraid to trade with brokers like Porter Finance that are fair, reputable and overwhelmingly reviewed with only positive comments.

Porter Finance’s Withdrawal Methods

Many customers are totally satisfied with Porter Finance’s banking practices too. Withdrawal procedures are often a slow and tedious process with many web brokers but that is hardly the case with Porter Finance. They pride themselves on being able to provide those that invest with them withdrawals that often only take two days at the most. Porter Finance also has many methods that can be used to do a withdrawal just like they do when a customer is making a deposit. Not to mention that deposits and withdrawals are always done in a safe and secure manner.

Porter Finance is definitely not a scam

There have been a lot of things listed here about porter finance that many of the most reputable binary trading sites do not have. It is a testament to the commitment of those that design and run the Porter Finance online brokerage site have. Best of all they have managed to build a reputable and fair binary options trading site without taking the fun and excitement out of trading them.

All this talk about the regulatory agencies being stifling is not meant to discredit them; they were badly needed at the time and place they came into the binary options industry. They went a long way to help binary options trading become respectable and trustworthy; it is just that they took a little something away from the trading as they did what they felt they had to do. Many people started trading binary options for the fact they were so different and pleasurable than other forms of market trading.

Porter Finance realizes they may have to work a little harder than regulated sites to earn investors trust but just like they have never been afraid to do things different, they will always make sure they do them in a way that is safe, trustworthy and fair.

Porter Finance Review

Overview

Porter Finance is the web’s fastest growing binary options trading platform, offering an unmatched 1500% rate of returns on maximum returns on digital options.

Details

Broker Porter Finance
Website URL www.porterfinance.com
Founded 2020
Headquarters 20-22 Wenlock Road, England N1 7GU
Support Number +44-2035192532
Free Demo Account
US Traders Allowed
Overall Score 8.6/10

Full Review

Porter Finance is one of fairly new binary options brokers that offer up to 83% revenue to its clients from the ordinary, and to 1500% with special options. The company started its activity in 2020, and proudly presents you with excellent trading conditions and fully guarantees the safety of your funds. The headquarters is located in the London office, and their international customer support center is ready to advise investors, all over the world. This broker provides excellent trade training and a standard, but very convenient online platform, this, combined with professional managers, consultants, will make everything possible for you to receive a positive trading experience.

Continuing on our Porter Finance review, it should be noted that the company is constantly expanding list of features and trading tools to increase your productivity and maximize profits, so be prepared to keep the pace. Trading on Porter Finance platform, you will have the opportunity to enjoy a wide range of assets including currency pairs, stocks, indices and commodities, among which is available only in assets that broker. In total, you can find at the company’s website more than 400 assets.

Without a doubt, binary options have been created in order to facilitate the investment process for the average consumer in the financial market. Porter Finance binary options due to its professional trading tools, have implemented and successfully reached this goal. Illustrative price charts, good scaling for comfortable monitoring of market fluctuations, reliable indicators, and reports on the ratio of successful / unsuccessful transactions – all this will make your trading easy and comfortable.

Features

If you decide to start your shopping journey with Porter Finance binary options broker, you will need to go through a quick registration and place a minimum deposit of $ 200. You can trade with minimum bet of $ 5 that will allow you to invest just 1% of your balance, just as much as professional traders do advise. In addition to all, you will have the opportunity to get Porter Finance’s bonus of up to 85% of your deposit, which will greatly increase the start-up capital.

Security deposits and personal details are protected by advanced protection SSL protocols. All information provided by the broker is being securely encrypted and in any case does not fall into the hands of third parties. Fulfilling the requirements of the laws on the prevention of money laundering, the company requires clients to present personal data such as name, surname, date of birth, place of residence and a copy of the passport.

Porter Finance minimum deposit

Porter Finance offers 4 types of accounts allowing the traders to choose the ratio of the initial deposit and the services that they need. The accounts are divided into Basic, Standard, Silver and Gold.

Basic account opens Porter Finance a minimum deposit of $ 500 and allows you to get Porter Finance a bonus of 25%, a weekly summary of the market and the e-book for beginners. After registration, you will also get access to advanced courses for novice investors, which was developed by professional traders.

The minimum deposit is $ 1000 and offers the following for the standard account Porter Finance: 40% Porter Finance bonus deposit, membership in the Academy, which will allow further progress in the study of options trading, 1 free trading strategy and daily market reviews, which will help with the analysis, based on the news.

Silver account requires Porter Finance a minimum deposit of $ 2500 and includes 60% Porter Finance a bonus of 5 webinars that will guide experienced and successful traders, 3 risk-free transaction, 3 lessons from a professional manager, advanced system management account and risk, as well as accelerated withdrawal.

Gold account is the most advanced, since in addition to all the above bonuses, he would find something to surprise you. Porter Finance a minimum deposit of $ 5000 and will give you a 85% Porter Finance a bonus of 10 webinars and 6 risk-free transactions. Plus, at your disposal will have a personal manager for help you can contact at any time. This is a great offer for the money, you can almost double your equity just by making a deposit, and so to the same risk-free deals will help you to make a strong start without fear of losing money.

Customer Support

At present, the site only supports English-speaking clients. Looking into the “Contacts” section you will find the telephone numbers in the UK, Canada, USA, Australia, New Zealand and South Africa, available 24/7. In addition, contact with consultants is possible via online chat and e-mail. On the right part of the site you will be able to see the news broadcast, which shows the latest and most up to date information of the markets and the broker, such as the introduction of new features or promotional offers. Do not forget that at any time you can call or send an e-mail to your personal manager.

Porter Finance is it a scam ?

Summing up at the end of our review on Porter Finance, as promised, we will learn whether you can work with this broker, or it is just plain scam firm. The main difficulty in studying in a search engine query -Porter Finance scam- is the fact that the broker is fairly new on the market and there are not so many reviews. While the company has not received a license from CySEC, it has the ability to serve clients from the US and Canada. From negative side, as usual there are some complaints that arise as insufficient perusal of the agreement between the broker and the trader. We again remind you that the bonuses and the risk-free transactions impose some restrictions when you withdraw funds. If you are not ready for them, then you always have the right to refuse all the bonuses and promotional offers. Returning to the theme whether the Porter Finance scam or not, we concluded that the broker can be trusted, as they try to earn a good reputation in the North American market, before receiving a license from CySEC.

If we find complaints about Porter Finance, we will post it on social media. Follow us to be well informed:

Deposit and withdrawal

Broker offers a variety of deposit and withdrawal options. Payment methods at Porter Finance are safe as they use SSL encryption to protect all transactions. Payment methods include bank wire transfer and all major credit cards.
The minimum deposit amount is $200 and it can be done in currencies such as the USD, Pound Sterling, AUD, CAD or EUR. However, if you choose to deposit via bank transfer, the minimum deposit you have to make it $ 500, along with a fee of $ 30. The minimum amount required to be concluded with a credit card $ 30. To make a bank transfer, you must have at least $100 in your account. The first withdrawal of each month is free, but if you want to make additional withdrawals, you must pay a fee of $ 30.

Conclusion

After completion of our detailed research and test Porter Finance exemption policy, our group came to the conclusion that Porter Finance has a comprehensive and easy to follow withdrawal process, great customer service, and vast educational base with excellent yet simple trading platform. It is a new company, and surely, it should take some more time to find out more on this broker, but overall, it is a great company with a strong potential. We recommend traders of all levels to look at this broker closely.

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Best Binary Options Brokers 2020:
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