Is There Porter Finance Scam ¦ Safe Binary Trading South Africa

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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.

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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.

PorterFinance.com Review

SCAM CONFIRMATION

Porter Finance is part of the Greymountain Management group of binary companies. This group has a large number of FPA Traders Court vedicts against it. The FPA considers all brokers which are part of this group to be scams and warns all traders to avoid depositing money with them.

SCAM CONFIRMATION

WARNING : Porter Finance allegedly allows trading of forex over the weekend. The FPA is unaware of any legitimate broker offering weekend trading on any forex product.

May 2020: There is an FPA Traders Court guilty vote against this company. The FPA recommends CAUTION dealing with Porter Finance unless this issue is resolved.

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Consumer Reviews

Service use: Live

Length of use: 3-6 Months

I made a deposit of $300.00 to PorterFinance in October 2020 and I lost $100.00 from trading and I requested $200.00 refund since January 2020 and I have not yet received my money. I have written to them several times, I have not yet received an email from them about my withdrawal. I contacted their online support so many times and I do not get reasonable answer from them.

Is there a way I can get my money back?

Your help is highly appreciated.

Terrible experience so far.
I requested a withdrawal of USD 376 on 02 Jan 2020 and they still have not paid me.
They gave me a standard rubbish response ONLY once on 19 Jan 2020

“Please note, we are experiencing a delay in transmission between us and our banks, due to a great volume of funds being sent back and forth through our company.
We apologize for any inconvenience and kindly request your patience in the matter. “

Since then, i have tried to contact them 8 times but my emails have be ignored.

Now i see in my account balance, they have deducted USD 50 as DORMANT FEE.
All because Porter Finance is SLOW in processing my funds.

Do not use these guys as there are better options out there.

I opened account with porterfinance 4 months ago and deposited $200 in it
and after sometime I decided to withdraw amount and requested withdrawal
of $150 but it has been more then 40 days since I made request

my withdrawal is still showing processing
Whenever I mail them they make some excuses like it is holiday season etc etc.

So please keepo away from it as it is big scam. you will not get your money back.

They are big SCAM

company proved to pay in the end, everything was an missunderstanding and they paid in their T&C processing times.

Sep 7, 2020 – 1 Star Pure SCAM website, if you make any profits they will not pay you and find various excuses about not to pay you anymore ! Please stay away from this scam website

My issue is with Porter Finance. I signed up with a $300 account to try out the platform and on or about June 14, 2020 I received a call from Mr. Zack Robbins, Head of Corporate Division who’s email address is [email protected], he told me that he would show me how he could make me a lot of money if I worked with him, he asked me to login to the platform and gave me a series of small 30 second trades and they all won, that was very impressive, then he said to invest more money that he would guarantee similar results and would call me 3 times a week with winning trades, that he consistently had a success ratio of over 85%, I regretfully gave him my credit cards and I sent him another $11,000, then the next day he said that his boss got mad at him because he had committed to help trade such a small account that he needed me to deposit another $25,000 I told him that it wasn’t going to happen because I did not have it, he told me to come up with it somehow he even suggested that I should go and rob a bank and this I swear on my father’s ashes and I refused , ok here is where it gets ugly he said that because my account needed a higher balance he was going to give me a bonus and would double my balance, he increased the account balance to $22,000 and after that he said that in order to withdraw I needed to trade 50 times the bonus amount, in other words $550,000. But not to worry that he would give me the winning trades and in 2 months he will have given me trades exceeding the required amount. I started researching and saw horrible reviews on Porter Finance and their tactics, I asked him to send me my funds back, he said that he could not because he had given me a bonus, the funds were intact in the account all he had to do is back out the bonus and send me my money back, he didn’t and he said that he was not going to be able to give me trades for 3 weeks because he was going on vacation that he was going to have someone call me, a few days later I received a call from a female trainer who gave me a 15-20 min instruction on how to trade and that is the last I heard from Porter, I called and emailed several times in the following days and I received no response ever again, they kept my money and closed my account. I protested the charges to my credit card and Wells Fargo Visa helped me, I got $5,000 but Capital One did not help me with the remaining $6,000 and they told me that they could not do anything, basically I am losing $6,000 because the actions of these thieves. Please help me

I’ve been using Porter for about 3 months. My experience was initially good — the platform worked good and I was able to amass some profits. I even withdrew my initial investment back to my credit card without trouble, then things went terrible. I started seeing very weird execution times and prices on my trades (details and screenshots posted in forum) — when I realized they were manipulating my trades, I decided to withdraw some profits. I made my initial wire transfer request on 07-15-16 and am STILL trading emails with them to give them more and more details, some of which don’t even apply to transfers into the US (for example, they want the SWIFT code of my domestic/beneficiary bank!! — nonsense!). I have opened an FPA court case against them to try to get some help getting my money out of them.

DO NOT USE PORTER! Scam. They manipulate your trades when your account is UP and they make up excuses to not send your withdraws!

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