This is one of the fast growing binary brokers on the financial market. PorterFinance was formed in 2014 and it is owned by Running Forest Partners LTD, which is located in London. This broker has a lot to offer and we will uncover all of their trading features.
PorterFinance Robot review has found they offer a wide range of account types. We have written specification so traders can be informed about all trading opportunities. This broker claims to put their focus on education of their customers. PorterFinance offers five different account types starting from Beginner, Standard, Gold, Platinum and VIP account.
- PorterFinance Beginner Account
Beginner Account starts with $250 of deposit and it is intended, according to the broker and as the name of the account says – beginner traders without or with very basic trading skills. This account offers up to a 30% of bonus. Traders will be provided with weekly market reviews that can improve their trading knowledge. Beginner account is upgraded with platform walk through and trading eBook.
- PorterFinance Standard Account
Standard Account offers deposit trades from $500 and it welcomes up to 40% bonuses. Parallelly with weekly reviews, standard account informs their clients with daily market reviews. This account offers PorterFinance academy membership and awards traders with one trading strategy.
- PorterFinance Gold Account
Gold Account approves investments from $1000 and welcomes up to 75% bonuses. This account has more educational opportunities starting from VIP academy membership giving traders three trading strategies. This way traders can experience trading and upgrade their skills. The gold account also offers money management training with extra five free trades.
- PorterFinance Platinum Account
Platinum Account starts from $5000 offering up to 100% bonus. This account offers six trading strategies and ten risk free trades. It also includes all features from previous accounts.
- PorterFinance VIP Account
VIP Account treats their clients with special terms and it starts from $10000 of investment. To trade with this account traders have to contact their account manager.
Trading Software And Assets
PorterFinance Robot account was first powered by Spot Option 2.0 platform for trading. This platform is used by many brokerage companies and it’s advantage is that traders don’t need to download it. While a few days ago Spot Option has stopped worked with US traders, PorterFinance has decided to switch to anther trading platform that still supports US traders. PorterFinance is now using Panda TS platform.
Panda TS platform is optimized for mobile devices and it is available in Apple Store and on Google Play Store. There are over 200 binary options types available at PorterFinance. That includes currencies, commodities, indices, and stocks. Traders have opportunity to trade with different types of option:
- Long Term
- Ladder Options
- One Touch
- 60 Second Options
Expiry times available with PorterFinance are 30 seconds, 60 seconds, 5 minutes, 15 minutes, 30 minutes, 1 hour, 24 hours, 24 hr+, End of the Day, End of the week, End of the Month, 30 days and 150 days. Traders can trade with just one instrument or if they prefer advanced trading strategy, they can trade with the combination of instruments. For beginner traders, it is better to starting trading with one instrument because it will be easier to learn the basics.
Support and Services
While writing this review we have uncovered that PorterFinance offers interesting support and this includes 24/7 chat, Skype, email and phones available in a few countries.
We should note that emails are promised to be processed within 24 business hours, mostly during the same day. Phone lines are available in UK, Canada, US, Australia, New Zealand and South Africa. When a customer becomes a PorterFinance client, he is being assigned a personal account manager.
On PorterFinance website traders can find a huge database of frequently asked questions sorted by the categories for easier search. This broker offers to trade for traders from all over the world except for citizens from Turkey. We want to note that from September 2015 PorterFinance Robot account stopped providing its service to US traders.
Banking and Company
All money transfers are SSL protected. Deposit and withdrawals can be accepted through many payment methods from credit cards, wire transfer or Neteller. If traders deposit or withdraw with credit cards they can do it through MasterCard, Visa Electron or Maestro.
Credit cards offer security and speed so they are often used for trading transactions. PorterFinance accepts deposits in various diverse currencies EUR, GBP, USD, CAD and AUD and the minimum deposit is $200. During our review, it is important to note that PorterFinance Robot accepts Skrill/Moneybookers as a payment method. This method accelerates funds withdrawal. Usually, the withdrawal period is processed within five business days. When clients request the withdrawal they have to send necessary documentation in order to verify their identity.