Porter Finance (PorterFinance.com) Review

PorterFinance - USA BrokerPorter Finance is a London-based binary options broker founded in 2014. While they are not regulated, they have excellent features and are already establishing a sterling reputation. A wide variety of different trades, a wealth of learning materials, and a beautifully designed website all make them a broker to consider.

  • Official Website: https://www.porterfinance.com/
  • Headquarters: London, UK
  • Phone number: +44-2035192532 (domestic numbers available around the globe)
  • USA traders no longer accepted 9/14/15! (SpotOption platform leaves the US market and forces all of their operators to do the same)
  • .

  • Trading platform: SpotOption

Is Porter Finance (Porterfinance.com) a Scam?

Trusted Binary Options Broker By BinaryOptionsBlacklist.com
In a word, no! Even though they are not regulated, this broker demonstrates a strong understanding of regulatory laws, as well as a commitment to stay compliant. You may have noticed that most brokers fall into one of two categories: regulated without accepting USA traders, or not regulated and accepting USA traders.

Here is what Porter Finance says in their terms and conditions:

“USA citizens are restricted on this trading platform from trading currencies and commodities due to U.S. regulation by the CFTC.”

This is a clear and correct understanding of the CFTC guidelines for USA traders trading binary options! Most brokers flat out misinterpret this or behave as if they are completely unaware of it. USA traders can legally trade binary options, and Porter Finance is respecting USA laws while allowing USA traders access to their services. It is so great to see a broker that actually understands regulatory concerns. This is quite rare! So no, Porter Finance is definitely not a scam! Of course it is always wise to read what other traders have to say here.

Deposit Info – Porter Finance Minimum Deposit

Easy sign-up process makes taking the first steps easy.

Fast account registration makes taking the first steps quick and easy.

  • Get started with just $200.
  • Deposit methods: Credit or debit card, wire transfer, NETELLER.
  • Trade in USD, UR, GBP, AUD, or CAD.

What do you need to know about deposits and withdrawals? There are $30 fees for wire transfers, which is pretty much the industry standard, so this is to be expected. Your first withdrawal of the month is free, but after that, there are additional $30 fees (this is also not unusual, even if it is a bit annoying). The minimum withdrawal threshold for credit and debit card transactions is only $30, which is much lower and more reasonable than the typical $100. The only drawback? If you want to withdraw more money than you deposited through your credit or debit card or electronic payment system, you have to use a wire transfer and pay the fee.

While you are opening your account, you will see the account tiers listed along the right-hand side of the page. While $200 is the minimum deposit, you will want to deposit at least $250 in order to obtain a Beginner Account, which includes a 30% bonus, weekly market reviews, and a trading eBook. A Standard Account is available if you deposit $750 or more. This comes with a 40% bonus, the same benefits as the Beginner Account, plus daily market reviews, Academy Membership, and a trading strategy.

Depositing $1,000 will get you an Executive Account, with a 75% bonus. You again get all of the previous benefits, plus VIP Academy Membership, three trading strategies, money management training, and 5 risk-free trades. If you have $100,000 or more to deposit, you can open a VIP Account with special benefits. As you can see, there are a lot of advantages to opening an account on this site. This broker seems very much invested in the success of their clients.

Types of Binary Options Available

There are so many different types of options to trade on Porter Finance! You can trade High/Low options, including Long Term and 60 Second options. You can also try your hand at One Touch trading, Pairs trading (where you profit on the relative performance of one asset vs. another), or Ladder trading. Ladder trading allows you to earn profits as high as 1500%! This is an excellent amount of variety; there really is something for everyone here.

Trading and Training Features at Porter Finance:
porterfinance-trading-platform-750

  • Trade on your Android or iOS mobile device. The links to the apps are right at the bottom of the porterfinance homepage.
  • Double up, rollover, and buy-me-out are all available to help you control your trades.
  • Trade as little as $10 or as much as $2,500.
  • Social trading. Follow trades by others on the website.
  • While there is sadly no demo account on this site, you can still use risk-free trades with a qualifying account.
  • There are plenty of training resources available to traders!

What Products Can You Trade on Porter Finance?
Stocks
IBM
MICROSOFT (US)
APPLE (US)
BAE SYSTEMS (LONDON)
BP (BRITISH PETROLEUM)
CITI (US)
COCA COLA (US)
GAZPROM (RUSSIA)
HSBC HOLDINGS (LONDON)
LUKOIL (RUSSIA)
NIKE (US)
NISSAN MOTOR
REUTERS (US THOMSON REUTERS)
ROLLS ROYCE (LONDON)
SBERBANK (RUSSIA)
TATA MOTORS (INDIA)
TESCO
TEVA .TA
TURKCELL (TURKEY)

Currencies

Bitcoin/USD
EUR/GBP
EUR/JPY
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
USD/RUB
USD/SGD
USD/TRY
USD/ZAR

Commodities

COFFEE
GOLD
OIL (LIGHT SWEET CRUDE)
PLATINUM
SILVER
SUGAR
WHEAT

Indices

BOMBAY SE
CAC 40 (FRANCE)
DAX (GERMANY)
DOW (US)
DUBAI FINANCIAL MARKET GENERAL INDEX (DUBAI)
FTSE 100 (UK)
HANG SENG (HONG KONG)
ISE 30 (ISTANBUL STOCK EXCHANGE, ISTANBUL, TURKEY)
KL FUTURE
KUWAIT GENERAL INDEX (KUWAIT):
MICEX 10 (MOSCOW INTERBANK EXCHANGE)
MSM 30 (OMAN)
NASDAQ (US)
NIKKEI 225 (JAPAN)
RTS (RUSSIAN TRADING SYSTEM, MOSCOW, RUSSIA)
S&P 500 (US)
SSE 180 (SHANGHAI STOCK EXCHANGE)
TADAWUL (SAUDI STOCK EXCHANGE)
TEL AVIV 25
TOPIX

Final Thoughts on Porter Finance

Porter Finance is one of the most exciting binary options brokers we have stumbled across in quite some time. Is this site perfect? With no demo account and a few withdrawal terms that are a bit restrictive, there is no way to say “yes” to that, but then again, we have never encountered a perfect broker before. Porter Finance is however as close to perfect as anything we have seen. The withdrawal terms are not ideal, but they are much better than most. There are plenty of training materials and programs available to traders at all account levels. You can participate in numerous different types of trades, so there are a lot of ways you can make money with Porter Finance. The website is thorough and provides comprehensive, easy-to-locate information on a wide array of topics. Reading through it, we had very few questions. If you do have questions, though, Porter Finance’s customer service team is standing by.

In short, this is an excellent broker to trade with, whether you are located in or outside the USA. It is refreshing to find a broker that understands CFTC laws and is striving to be compliant, and it makes their unregulated status far less of a concern than it would normally be. This broker is making the extra effort to offer top-shelf services to customers, and we highly recommend you check them out!

Trader Reviews And Ratings of PorterFinance

Leave your comments below for www.porterfinance.com.

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113 Comments on "Porter Finance"

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Sientje
Guest
Sientje

Porter Finance is a scam broker. never ever put your money in there I will never be returned no matter what you do Struggling since October 2016

 
David Glover
Guest
David Glover

Avoid Porter Finance at all cost. Their chart manipulation is terrible.

 
David
Guest
David
Heads up everybody, Porter finance is a fraud entity run by bunch of Israeli crooks and criminals. It has been almost one full year since they are refusing to refund my remaining balance of about $200. Over 50 emails and chat sessions and still nothing! I have contacted several attorneys but unfortunately since the amount in question is small they are not willing to accept the case unless there are many more individuals in the same situation and we can bring an action against them. For now please spread the word and discourage others to open accounts and do business… Read more »
Sientje
Guest
Sientje

I am in the exact same position

 
Ven
Guest
Ven

My withdrawal is pending from 4 months and they initially said due to technical difficulties it is delayed, now they stopped responding to my emails. BIG SCAM. Do Not Invest. I can show the proof on how they are cheating people.

 
SCOTT
Guest
SCOTT

US citizens are prohibited from trading currencies and commodities on the site yet they apply dormant fees anyway. They tell you to trade on the site even though it is unlawful. Now they say you can trade stocks which were just made available in the last few days. These guys are suck scumbags!!! I am speaking to a London based attorney now.

 
David
Guest
David

Have you got anywhere with the attorney? Has anyone got anywhere with getting their money back from Porter Finance?

 
David James
Guest
David James

Tell your attorney that Porter is now charging me dormant fees and wont send me back my initial deposit. Porter added the Dormant fees after I signed the agreement.

 
Guest
Guest
Guest

I invested into the Porter Finance group. After a period, I was wanting to withdraw my money. They said that I couldn’t because I hadn’t verified my account. I had emailed my documents and uploaded on a number of occasions. Each month now they withdraw an amount of my money as a "dormant fee". They do not answer calls and leave no option to leave a message. The number listed in my country is invalid. The chat always says they are busy. No one gets back to me. DON’T DO IT. It’s just not worth it.

 
Mr Help
Guest
Mr Help

leave your email

 
Mr Help
Guest
Mr Help

i

 
rob
Guest
rob

i had a 100 dollars left in my account and now when i logged in it says zero ….:x

 
E Harris
Guest
E Harris

Total Scam. Many people are trying to recover what is left in their account and have been trying for many months.
These people are criminals and should be dealt with with harshly.

 
Ven
Guest
Ven

Do NOT invest with Porter Finance. My withdrawal is pending from 4 months. Initially they said, due to technical difficulties it is delayed but now they stopped responding to emails. BE CAREFUL.

 
SCOTT
Guest
SCOTT

THIS PLACE IS A TOTAL SCAM. STAY FAR AWAY YOU WILL LOOSE YOUR MONEY QUICKLY. DON’T BELIEVE A WORD THEY SAY TOTAL LIARS AND THIEVES.

 
adam
Guest
adam

leave your email here

 
Paul
Guest
Paul

Tom Weems, please share with all of us on how to get our money back. I have been trying for so long now that I’ve been charged an inactivity fee. Giving Porter Finance money has been the biggest mistake I made in 2016.

 
Tom Weems
Guest
Tom Weems

If you are working with this broker, you have been scammed. Ask me how to get your money back.

 
Ivan
Guest
Ivan

Tom, how can we get it back?
I think we won’t, but at least we should take them out of business.
I suggest we file a claim with the police.

 
Fotis
Guest
Fotis

Yes I’d like my money back too!

 
Scott
Guest
Scott

Worst decision I made was to invest money in this company. They are horribly managed, customer service is a total joke, they have a high rate of employee turnovers hence the fact I have been thru 4 acct managers in the last 8 mos.
The acct managers I do get are impossible to get ahold of, respond to email 3-4 days later if your lucky. Do yourself a favor and stay clear of this company.

 
L.Keyes
Guest
L.Keyes
Hey, I am fond of Porter Finance, because these guys improved my financial situation drastically. I was truly down at those times financially, got into debts, and was almost broke. I turned to binary options as my last resort. Thanks god, I came across Porter Finance broker, who first gave me hope, then gave me knowledge how to trade. Armed with the information about trading strategies that Porter Finance gave me, plus different tips they so kindly provided me with, I started to try trading. Boy, was I nervous! I could not afford to lose money, you see. But slowly… Read more »
Ven
Guest
Ven

Did you ever try to withdrawal the profits? If yes, then show the proof. My profile withdrawal is pending from 4 months. I can show the proof.

 
Paul
Guest
Paul

Porterfinance doesnt pay, i made a withdrawal 2 month ago and its still pending and dont answer my emails please advice people dont fall in this broker

 
Kurt
Guest
Kurt

I am here to support Porter Finance. They’re a good broker for they are serious, trustworthy and very professional.

 
Nanette Conant
Guest
Nanette Conant

Really? You are a big fat liar. We’ve had nothing but one stall after another. They are quick to take your money but have a million reasons why they can’t give it back. Scamsters!!

 
Ven
Guest
Ven

Words are easy to say. Show the proof how good they are.. I can show proof how they stopped the widthdrawal.

 
Lyle Cunningsworth
Guest
Lyle Cunningsworth

I deposited 70,000 and lost 20k…I was pissed and spoke to several other customers w similar issue…in the end i requested the bomus be removed and was able to Withdraw in a few installments. Was faster than getting money from an old wells fargo account i once had so dont lose sleep they pay out

 
Dwight Freyou
Guest
Dwight Freyou
Porter Finance, Conservative Investor, is absolutely the worst decision I had ever made. Being unemployed and looking at being able to bring in some monthly $$ just to survive, my broker had convince me to invest practically my last $5000 and I would be able to withdraw $5000 a month beginning at end of the month. Well, it’s been three months and I am nowhere near able to withdraw $1 much less $5000. Then I have been through three brokers, the first showed me making money but after two weeks not a word from the broker. At three weeks they… Read more »
Karen Van der Merwe
Guest
Karen Van der Merwe

I have asked for a withdrawal of USD 11 500. They have technical difficulties and cannot pay out my monies. I am now going to the FBI as well as Scotland Yard as I am in desperate need of my monies……

DO NOT USE PORTER FINANCE!!!!

 
Fotis
Guest
Fotis

Good for you. Authorities have to get involvedRqsEr

 
Paul
Guest
Paul

I want my money back and i dont know what to do. PLEASE DONT USE PORTERFINANCE

 
Dan
Guest
Dan

Don’t go with Porter, been trying to get a withdraw from them for 4 months now and have been giving me the run around…if anyone knows a secret about getting the money out let me know. For now I’m going to go to as many sites as I can to discredit them…they are horrible.

 
Floyd Hammond
Guest
Floyd Hammond

I just deposited $200 and what a hassle to get account approved, seemed unusual since they already had my money what difference it make if my Bank Statement was 6 month old, it had all the info they needed. After reading all this negative stuff about Porter Financial, I’m out.I been involved in far too many scams like this before and they all folded.

 
Jim Essman
Guest
Jim Essman

If you invest with Porter don’t ever expect to get your money back if you have over 100K invested. They will give you the run around and change brokers. They will continue to lie to you and tell you that your broker is going to move to Germany to open an account. When they send you a letter stating that you will be able to pull your money out in three months it is a LIE.

 
Pagani
Guest
Pagani

Hey guys I tried withdrawaling my account balance from Porter Finance recently and to be honest, they haven’t pay me at all. I highly recommend you guys don’t trade with Porter Finance. The new update looks nice but don’t be fooled when it comes to withdrawal.

 
Joshua
Guest
Joshua

I had profits sent…just didnt use the brokers..they pay out if you send your withdrawal docs.

 
Doug W
Guest
Doug W

Don’t believe any positive word you read about Porter Finance. Their traders are careless with your money and loose more than the win. It is impossible to get money back from them. Run from Porter don’t give them money, don’t let them bully you into depositing more money so that they can experiment with it, then lose it. If you have money with them just try and get some back. You won’t, it is impossible. They are complete SCAM artists RUN RUN RUN

 
James
Guest
James

I received profits from porter after 3 weeks. I’m guessing like any company they don’t like withdrawals, I just demanded a manager, and they had him call me the next day who made it happen.

 
Pete zab
Guest
Pete zab

I got my withdrawal and profits…took a few weeks but they seemed ok to me

 
Dave
Guest
Dave

Dave
They will not allow a withdrawal of money and no phone app at this time. Not a very good broker

 
Bruce
Guest
Bruce

They will not let me withdrawal my money .

 
Pedro
Guest
Pedro

I have been trying to withdraw my money for 8 weeks now, without success. They reply to my emails but I keep being told "we are having technical difficulties". My advice would be keep clear of Porter Finance.

 
Jessica
Guest
Jessica

Been trying for 4 months to get my profits out – no bonus taken to lock it in. I got my $250 deposit back on the credit card but submitting a wire withdrawal is a dead end, keep getting replies my file was passed to another department. Customer service says it’s still pending. Accounting says they wired it, yet can’t prove it. 3 brokers called to ask for more money and when I ask about the withdrawal pending for months he hung up on me.

 
Paul
Guest
Paul

I wish I had read these post prior to opening an account with Porter. If I had, there is no way I would have given them any money. Those who say Porter Finance isn’t a scam obviously haven’t ever tried to withdraw funds from them. I have been trying to get a withdrawal processed for nearly 4 months now and the only things I’ve received are excuses.

 
Dennis lane
Guest
Dennis lane

I have repeatedly tried to get 44,999 withdrawn and close my account for about six months. I have no reservations on the money. They will not even respond to me! I believe they will eventually pay since I have been told USA citizens are protected and regulated. They may claim not to know about it. I will let you know what happens but be careful!!

 
Jeff
Guest
Jeff

Dennis how were you able to post your comment, I have tried several times to no avail

 
jjbaird
Guest
jjbaird
Stay far away from this company. They are a scam, crooks and they will steal you blind. Once your account is open, Porter Finance assumes the money belongs to them I opened an account in February 2016 with $200. Every review below I agree with 100%. They hounded me about adding more funds. When I didn’t they hung up in anger. They teased me with quick profits to try to get me to deposit large sums of money. Bullied me when I refused to do so. When I requested to close the entire account and return all funds, they REFUSED… Read more »
jkharris
Guest
jkharris
they are totally unethical. Brokers induce clients to invest large sums of money with promises of personal trading and insured trades that cannot lose money. Only problem is once there is a lost the company says "what insurance" you did not sign a form…broker never mentioned that! Try to negotiate thru the situation and send multiple e-mails saying if waive rights to insurance I will be able to withdraw funds from my account on a date certain without any restriction. Company acts on the settlement proposal and then date certain hits refuse to process withdrawal saying there are unfulfilled trading… Read more »
Shelley Decker
Guest
Shelley Decker
I’ve been trying for 3 months to withdraw the money I put in but because of signing a risk free trade that the paperwork said was for one risk free trade I couldn’t get my money back. The paperwork didn’t indicate that this was an ongoing thing that you would be FORCED to accept the bonus and then have to trade $200,000 to get it back. Everyone was telling me different things. My broker said they would send back all my money. That never happened. I got back $15000 of my money, but the whole affair COST ME $20,000. Stay… Read more »
Shelley Decker
Guest
Shelley Decker

Be very careful. Don’t take any risk free trades; you’ll never get your money out.

 
Bruce
Guest
Bruce

Have any of you hired a lawyer to get your money back . It sounds like we need to close this Co. Down and have them fined .

 
Dwight Freyou
Guest
Dwight Freyou

I contacted an attorney but with Porter Finance based in London its a no go! Maybe I will contact Scottland Yard too!

 
JKHarris
Guest
JKHarris
I totally agree. I made a $5k USD deposit and the broker said great lets put that in a long term 30 day oil contract and don’t worry its insured. Of course it turns out a loser and then it’s "what insurance?" "what risk free trade?" Supposedly worked a compromise i.e. trading with broker to make up loss but then when it came time to withdraw funds it was minimum of 2 days to process & since there were 2 funds sources they treated each withdrawal request as a separate transaction so 4 days to process before it even gets… Read more »
Gunner Hardy
Guest
Gunner Hardy

This is not a good company. The withdrawals are not processed. Essentially after 2 months they still cannot process my withdrawal. They told me 1 month ago, they were experiencing “technical difficulties” and they were unable to at the time. Little did I know they are not regulated and essentially your money is stuck. Do not use this broker.

Proof:
Date Amount Transaction Status Method
14/06/2016 18:18:58 $49.00 WITHDRAWAL PENDING
24/05/2016 17:49:44 $150.00 WITHDRAWAL PENDING
20/05/2016 18:51:09 $50.00 WITHDRAWAL PENDING

 
Pagani
Guest
Pagani

Actually it’s not a SpotOption broker, its PandaTS platform. They must of updated that platform and made it different from the others.

 
Cody
Guest
Cody

Am thinking of trying out. Having mixed feelings about it now after reading all the comments. Starting to sound like a too good to be true scenario.

 
joe
Guest
joe

This is A SCAM!!!

 
jdgsutherland@hotmial.com
Guest
jdgsutherland@hotmial.com

Experience appalling. Conned out of 200 quid , which was lost in about 5 trades by a senior trader in Johannesburg.
If this is an average experience with a provider that you seem to approve of, then this industry is in the gutter!

 
Karen Dorrance
Guest
Karen Dorrance

can i buy Fevertree on the London market?

 
Juan Lara
Guest
Juan Lara

Tried to take winnings. Didn’t accept any bonuses but they still won’t release my winnings 1.5 months since I requested. They will call you to try and get you to invest more.

 
Armando Ramos
Guest
Armando Ramos

Scam you can never leave

 
Michael Venters
Guest
Michael Venters
I deposited 300 dollars and traded on my own and grew my account to 700 dollars in one day. I wanted to see how easy it was to withdraw before I added any more money. They asked for a copy of my drivers license, my bank card, and a recent bill. After 3 attempts they approved my withdrawal but only gave me my original deposit back and closed my account. I have attempted several calls and emails to ask them why they would not give me my earnings and why they closed my account and no one will answer my… Read more »
Mike
Guest
Mike

I’m trying to withdraw my money since Dec.03, 2015. Now going to sue them. 10 more people joined the lawsuit. Are you interested in joining?

 
Pat Irani
Guest
Pat Irani

Yes, Amy Stone scammed me out of $50,000, then lost $20,000 without my authorization. Then Dennis Nazarov, Lucy Darwin and James Cooper helped recover the losses. Now I am stuck nobody will return my calls. Amy used the insured trades scam on me and stuck me into a 40X bonus. I asked them to take back their bonus, keep the profits and the $ 10X turnover done. no one from Porter is doing it. I regret the day I took that call from Amy Stone.

 
Debby
Guest
Debby

I have $15K with them and need to withdraw all, I will join lawsuit

 
Everest.
Guest
Everest.

I would like to join that too. But does anyone know the address of their office in London because I want to go there to cause a scene until I get my money back

 
Gene Higgs
Guest
Gene Higgs

I would like to join if it’s not too late, they have a lot of my money…

 
Rip
Guest
Rip

I’ve been trying to contact my broker but he won’t reply to my emails or calls for the last 3 weeks, I don’t have a good feeling about this. I would be interested in the details of the lawsuit.

 
Thomas
Guest
Thomas
Has anyone ever contacted CySec and CFTC. If not, you should do so IMMEDIATELY from the first day you had withdrawal issue and then with the shady sales practices to DELAY your funds. DO NOT SAY ANYTHING, ARGUE or TELL them, what you are going to do if they dont give you your monies in contacting CYSEC AND CFTC agencies because they will corrupt your screen platform to their advantage Make SCREENSHOTS and USE that BIG square thing you use for SELFIES as YOUR weapon of recordings of both Transactions opening the account at that time and the current balance… Read more »
Pieter
Guest
Pieter

Hi i am Pieter Vorster

Is there is software that’s called I Amissio formula system?

 
liam
Guest
liam

It looks to me as if just about every bad review here is because of idiots taking the signal services. The broker itself doesn’t seem to be the problem, the people joining are.

 
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