Trading with binary options has become one of the most popular ways to earn extra income from home, mainly because it does not require extensive financial knowledge, as in the case of stock exchange. As a result, traders have more and more options to choose from and new platforms go live on a regular basis. One of the newest brokers is Porter Finance, established in 2014. The platform doesn’t have as many members as all-time favorites, but it is one of the trending options. Most people are quite curious about it, but there are also the ones who postpone creating an account because there aren’t that many Porter Finance reviews out there and they don’t want to be scammed. Fortunately, Porter Finance is not a scam. It is, in fact, a promising broker that offers several neat bonuses.
The platform is only at the beginning and the lack to negative reviews to dare shows that it is legitimate. However, it since it has been active for only one year, it has not obtained a CySEC license yet, so if you only want to work with a regulated broker, you might have to wait until they get their license or sign up for another platform. The lack of a license is good news for US and Canadian traders, because they can still use the website. Porter Finance was established at a time of great competition, so they obviously had to work on their promotional campaigns and bring offers to set them apart from other brokers. One of the best things about them is that they have one of the lowest deposit requirements, only $200. The site accepts all major credit and debit cards, as well as several other transaction methods. The minimum trade size is also quite low, so it is worth starting trading here even as a test, because you have nothing to lose. You can also create a demo account, a feature that many famous brokers have been skipping on recently.
As all the other respectable binary options trading platforms, they offer traders the possibility of choosing from several account types, four to be more specific. The most basic one is the beginner account and the most advanced one is the VIP account. Depending on the type of account chosen, you will get bonus packages, educational resources and risk free trades. Withdrawal times also vary depending on the account type. The average withdrawal time is about seven working days. If you’re starting out on the platform, the bonus is around 30%, but if you really like trading here and are ready to upgrade to an Executive account, you can even enjoy a nifty 75% bonus. Last, but not least, the Porter Finance staff is committed to offering their traders flawless customer support. The service is available 24/7 and the operators are extremely responsive, which is understandable for a newly launched platform. There are even two phone numbers just for US and Canadian traders, which is very convenient.
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