Porter Finance Review

Porter Finance is out of Business!

Go see our complaints page for more info, click here.

Porter Finance LogoPorter Finance was an unlicensed binary options broker that opened in 2015. Porter Finance is owned by Oracle Stone Ltd., with offices located at 20-22 Wenlock Road, England N1 7GU. Their phone number is: (646) 693-4074 and in Canada (604) 227-3839. Their email address is [email protected]. For traders complaints, read this.

Platform Review

Porter Finance uses the original Panda Trading Systems, trading platform which has more than 100 assets. You should also check out the upgraded version which Wynn Finance has.

They have 81% payouts on Euro binary options. They have one touch  and range options. For high speed trading they offer 30 second, 60 second, 2, 5 and 10 minute options.They offer binary options on commodities like Gold, Silver & Copper. The minimum deposit for new accounts at Porter is $200.

Scam Trading Systems

Trading Signals Scam

Warning: Most automated trading robots you hear about actually do not work, read why.

If you want to see a real automated trading system look here.

According to the terms and conditions, section 17

Using these systems on an internet browser without human execution is illegal and may result in position cancellation and/or account suspension.

So there is no reason to use that software, because if you do make money with it, your account will be suspended.

Porter Finance License

The main thing we look at when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus?

Porter Finance is not a licensed broker.

The SEC wrote an investor alert regarding binary option scam brokers, Read entire alert on the SEC website here. For an updated list of licensed brokers, see here. Payment processing is handled by: Powercash21 Ltd, Piliou 11-13, Office 401, Quality Towers A, 6037, Larnaca, Cyprus.

Compare Porter Finance

Nadex (read review) is the only licensed binary options exchange in America. So if you are interested in really trading, then register for their demo account here.

See Todays Best Binary Options Broker

Porter Finance Review

Porter Finance is out of Business!

Go see our complaints page for more info, click here.

Porter Finance LogoPorter Finance was an unlicensed binary options broker that opened in 2015. Porter Finance is owned by Oracle Stone Ltd., with offices located at 20-22 Wenlock Road, England N1 7GU. Their phone number is: (646) 693-4074 and in Canada (604) 227-3839. Their email address is [email protected]. For traders complaints, read this.

Platform Review

Porter Finance uses the original Panda Trading Systems, trading platform which has more than 100 assets. You should also check out the upgraded version which Wynn Finance has.

They have 81% payouts on Euro binary options. They have one touch  and range options. For high speed trading they offer 30 second, 60 second, 2, 5 and 10 minute options.They offer binary options on commodities like Gold, Silver & Copper. The minimum deposit for new accounts at Porter is $200.

Scam Trading Systems

Trading Signals Scam

Warning: Most automated trading robots you hear about actually do not work, read why.

If you want to see a real automated trading system look here.

According to the terms and conditions, section 17

Using these systems on an internet browser without human execution is illegal and may result in position cancellation and/or account suspension.

So there is no reason to use that software, because if you do make money with it, your account will be suspended.

Porter Finance License

The main thing we look at when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus?

Porter Finance is not a licensed broker.

The SEC wrote an investor alert regarding binary option scam brokers, Read entire alert on the SEC website here. For an updated list of licensed brokers, see here. Payment processing is handled by: Powercash21 Ltd, Piliou 11-13, Office 401, Quality Towers A, 6037, Larnaca, Cyprus.

Compare Porter Finance

Nadex (read review) is the only licensed binary options exchange in America. So if you are interested in really trading, then register for their demo account here.

See Todays Best Binary Options Broker

Reviewed by Scam Broker Reviews
  • cat

    I have been trying to withdraw my profit for almost 6 months! And they had the nerve to charge me a $50 dormant fee!!! Twice!!!
    When I finally started winning, they added delays and manipulated the strike rates. Trades that should have won or tied, lost. This strike rate rigging also happened at Tropical Trade, Ct Option, Dalton Finance, and Ask Option. I have also been trying to get my $750 profit from Ask. They do not respond to my calls or emails. I am beyond frustrated. All fraudsI I was thinking of reporting to an investigative news show in NY. Many stories to tell, and proof, of their lies. I am in the US.

  • cat

    I have been scammed. I have documentation with regards to their manipulating the strike rates. Hope it’s not too late to join your suit.

  • Michael Casey

    HOW DID YOU GET YOUR FUNDS BACK???? The rest of us would LOVE to hear from you!!!

  • John Breck

    I have requested several times and supplied all required documentation to this fraudulent sorry excuse for a company. Sure, I made a lot of money…they claim..just cant get it. All phone #’s in us are bad. emails returned not deliverable.

  • Michael W. Daniel

    Whoever is in a class action lawsuit against Porter Finance please add me to the list of complainants. Total scammed is $45,000. I have requested withdrawal of $11,000 and have been given the runaround like all the others below. They should all go to jail.

    Wayne Daniel

  • 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. 4 Months to approve withdrawal. No bonus taken, No offers taken, still they will not refund your money. BIG SCAM

  • Jacqueline Young

    I opened an account with Porter Finance in Aug 24th 2016, I deposited a total of $ 14,200 since then, done a few trades, $ 8,000 of which were locked up in futures without even my authorization ! I asked for refund of 100% of my cash account since Jan 2017, I was given excuses like technical issues. Then a Mr. Arris U emailed me to say that I must wait for 4 trades to be matured on 28th Feb. before they can refund. I waited till now 1st week of March, and wrote to request refund, as well as request for withdrawal online. I got no reply through email nor my phone calls, which only went to voice mail.

    I have reported Porter Finance to http://www.ActionFraud.Police.UK.

    I have also emailed to Porter Finance to threaten legal suit if my money is not refund within a week.

  • Scott McClure

    Jacqueline have you any luck with ActionFraud?

    • ActionFraud never does anything about scams. You need to talk to your bank about doing a chargeback.

      • Jacqueline Young

        Action Fraud is part of the UK Police dept. They will do whatever necessary, but they are not responsible to recover our money invested with Porter Finance.

  • Angela

    How has your recovery process gone? Does this law firm also handle US accounts? I’d love to find a joint lawsuit against Porter Finance to join.

  • Ven

    Big SCAM. Do NOT invest with Porter Finance. They will not give your money back. I am waiting from 4 months, now they stopped responding to me. BIG CHEATERS. CAREFUL

  • David Henderson

    Has anyone found a way to contact a REAL person at Porter Financial? I have tried all means and have not been able to reach anyone. Just like others in these comments, they have my money and I can’t get it back from them. Has anyone found a legal channel that actually helped them get their money back? Please help and post it here.

  • David Henderson

    Has anyone found a way to speak to someone at Porter Finance? Has anyone found a way to get their money back? Lawsuits or any government help?

  • Thanks for useful link !!

  • Scott McClure

    there are legal avenues to pursue a group effort would be the best way to go.

  • David Henderson

    Has there been any update with this joint-lawsuit against Porter Finance? Can I join that lawsuit or any lawsuit out there against them?

  • Richard Stewart

    Been trying to close my account and withdraw my $11,000.00 for over a year with no luck. Seems, now, they have closed it for me without paying my withdrawal request. Not an easy day for an 80 year old.

    • jo

      thanks god im not going to put my money over there ! now i know ! scam bags

  • Alan

    I hope someone catches up with these crooks, (and that’s what they are), and can deal out as much punishment as possible. I know I didn’t do as much research as I should have, lesson learned! That lesson from the school of hard knocks cost me $56,000 and change. Morton Finance is another one that I think is about the same as Porter Finance.
    Do your research and probably just stay away from binary options!! Double your money, fold it in half, put it back in your pocket and RUN!!! RUN!!! RUN!!!

  • Rodney

    I was scammed by Porter Finance just as many others have given their horror stories in this forum. I originally invested $10,200.00 in June 2016 AFTER I had checked a few websites and they listed PF among the top 10 binary options traders! (Who ARE these people that are rating these sites?) I was contacted by one of their brokers (Steven) and we traded regularly weekly or bi-weekly until my account quickly grew to almost $19,000.00. I didn’t hear from Steven again and learned he was no longer with PF and then I was contacted by a new PF broker (around late Sept. 2016). He convinced me to use a different strategy of trading than what Steven was using and I quickly lost $10,000.00 in just a few hours when the trading expired! I was snake bit to trade again and I sent them an email saying I didn’t have the stomach for this type of trading and wanted to pursue recovering what I had left in my account (around $8,600.00) and just live with the $1,600.00 loss (also, I was charged a few hundred dollars by my credit card company as an overseas transaction fee for my original $10,200.00 investment). I sent another email stating I wanted to withdraw. Instead of giving me instructions for withdrawal, another PF broker contacted me by phone and wanted me to do some more trading. when I told him I no longer had the stomach for this form of trading and I wanted out he actually got angry and eventually hung up on me! I didn’t check my account again until early Jan 2017 and found my account had dropped to just a little over $6,000.00. Going to my account transaction record it showed various “dormant account fees” had been charged monthly on my balance for going more than one month without trading. I went back an reread the terms and conditions and sure enough, they can charge this dormant account fee for not trading at least once/month. I then filled the request for withdrawal on their website ACCORDING TO THEIR CONDITIONS and waited. I checked my account frequently and my withdrawal request was listed as “Pending”. At the end of the month (March 2017) I made a single small trade ($50) so I would not get another dormant fee (and won the trade!). I would check my account occasionally and my withdrawal request was still “pending”. I made another single trade at the end of April and end of May (made money both times) since my withdrawal was still “pending”. Today (June 29, 2017) I went back to my account to make another end of month single trade and saw Porter Finance no longer has an active website. That is when I found this site and found many others are far worse off than I am. My account was $6,293.50 and I would have settled just to recover that amount and take the rest as a loss and mark it up to a learning experience but now I know I have actually been scammed out of $10,200.00 by Porter Finance and that is what I now want back from these crooks who fraudulently misrepresented themselves to rob me of my money! I now know they never intended to give me any money from the beginning!

  • Jeff Wood

    Porter Finance has shut down all operations and website as well as took all their client deposits with them, with no intention of returning anything!! BIG BAD SCAM! After reading some of the comments below, I don’t feel so bad, considering I only lost 5K. All these “Porter Finance” A**Holes should be jailed for financial fraud! I noticed they are now doing the same thing under another name!