Established in the early part of 2015, Porter Finance is a relatively new binary options trading platform that is managed by a London based company called Running Forest Partners Ltd. Their office is located at 1A Arcade House, Temple Fortune, London, NW1 17TL, United Kingdom. The trading platform was the brainchild of a group of financial brokers who wanted to give the binary options trading community something more than what the average binary options broker was offering. In the words of Porter Finance’s manager,“… because service is the most important thing in this industry! In order to grow, you’ve got to treat the customers well.”
Trading Platform
Previously, Porter Finance featured a SpotOption powered trading platform. However, they have now adopted the Panda Trading Solution powered binary platform. This platform loads noticeably faster than most other binary options trading platforms mainly due to the fact it was designed to be simple. The navigation layout allows traders of all levels of trading experience to quickly get acquainted to the platform. In addition as it is a web based platform, traders can access the platform easily on any internet capable devices.
Unique Features
One of the most unique features about the Panda TS powered platform is the “trade replicator”.
With this feature, traders don’t have to have any special skills to trade the markets, since they can emulate the steps of their more experienced peers with this feature – much like the copy trading feature found on the forex social trading platform eToro.
Trade Types
As for the different types of options contracts that are available at Porter Finance, they comprise of High/Low options, One Touch options, Range Options and Hyper options.
High/Low
Classic type of binary options where traders have to decide if the expiry price will be higher or lower than the current price by expiry.
One Touch
With One Touch options, the trader needs to determine if the price will “touch” or exceed the strike price before the expiration of the option contract.
Range
With this type of option, traders have to deicide of the expiration price will end up in the “high” target price range or “low” target price range.
Hyper
Hyper options are essentially High/Low options with one key difference – a shorter expiry timeframe. With Hyper options, the expiry starts from as short as 30 seconds and the maximum expiration time goes up to 10 minutes.
Trading Accounts
There are 4 types of trading accounts to choose from at Porter Finance.
Basic Trading Account
$500 Min Deposit
25% Bonus
Weekly market Updates
Standard Trading Account
$1000 Min Deposit
40% Bonus
Daily & Weekly market reviews
Silver Trading Account
$2500 Min Deposit
60% Bonus
3 Risk Free Trades
Expedited Withdrawals
Gold Trading Account
$5000 Min Deposit
85% Bonus
6 Risk Free Trades
Expedited Withdrawals
Money Management System
Asset Index
At present, Porter Finance feature around 70 different types underlying assets in the asset index.