Porter Finance Review – Good or Bad US Broker

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FX Service Reviews on “Fortrade” – GOOD or BAD broker? compared to other brokers

Must-Read Reviews on Fortrade’s Service before start trading!

Let’s review the service of Fortrade by comparing it with other Forex brokers.

Generally, the Red ones shows positive and Blue ones negative aspect of the broker’s service.

Trading Platforms/Tools

  • Both “Fortrader” and MetaTrader4″ are available.

Many brokers offers only 1 trading platform, but you have 2 choices with Fortrade.

  • No PAMM, Automated(Social & Copy Trading) Tools.

If you are looking for an Indicator or Automated Trading Solution, you will need to utilize MetaQuotes’s MQL5 Community.

  • No Free VPS and EA(Expert Advisers) is unavailable on Fortrader.

As “Fortrader” is an Online Trading Platform built by Fortrade, You can use Custom Indicators or Expert Advisers(Trading Robot) on the platform. You may use MT4 to resolve this problem.

  • Complete Educational Materials are available.

It includes, Videos, eBooks and other Courses to understand what Fortrade is offering.

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Trading Cost

  • Minimum Spread fixed to 2.0 pips, which is quite a high cost.

No hidden/extra fees. But it is an average cost for brokers with Fixed spread. For MT4 accounts, the spread starts from 1.0 pip.

  • No Charges on Deposit/Withdrawal.

Fortrade does not charge any for processing deposit and withdrawal requests.

Leverage

  • Leverage is only up to 1:200.

The average leverage among world’s FX brokers would be around 1:400 – 1:500. The Highest Leverage in the world is 1:5000.

  • NBP “Negative Balance Protection” is fully supported.

Although the Leverage is small, but Fortrade makes sure that traders’ loss is limited to the total deposit amount.

Execution Quality

  • Fortrade strives to offer STP Environment.

STP stands for Straight Through Processing, and it makes sure that all orders are directly sent to the Market.

  • No Price Manipulation and No Order Interference Guaranteed.

With Fortrade, you are provided with the “Fair” trading environment. Making sure that your trading results isn’t manipulated.

Bonus Promotions

  • Several Deposit Bonuses and Trading Bonuses offered.

Fortrade offers several gorgeous Bonuses which are even available for withdrawal with certain conditions.

  • “No Deposit Bonus” or “Trading Contest” are not available.

Although, the above Bonuses, Fortrade does not offer several types of Bonuses which are popular to FX traders.

Customer Support

  • Good Customer Support with Prompt Response.

Fortrade makes sure that clients are provided with at least standard customer support. The broker will come back to customers’ inquiries.

Fortrade

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Fortrade deliver safe and reliable products and dedicated to you and your success.

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Your leverage is too little, we are loosing money due to this fixed spreads that on this broker compare to other, yet your minimum deposits is quite bigger to new traders those does have experience in the market, have a look on that and arrange for some changes, we need expert advice to clients for a better service and good result.

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Hercules.Finance

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Who is Hercules.Finance?

Hercules.Finance is a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. By referring to Hercules.Finance, you can find all latest News/Information, Financial Technical/Fundamental Analysis, Main/Exclusive Bonus Promotions of partnered companies and a number of Educational Materials of Finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.finance.

Risk Warning

Foreign Exchange and Contracts for Difference (“CFDs”) are complex financial products that are traded on margin. Trading Forex & CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, Forex & CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of Forex & CFDs is not a reliable indicator of future results. All information on Hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Porter Finance Broker Review

Porter Finance is one of the most rapidly growing binary options brokers as they have managed to lure in new traders with excellent support, trading and education services. More advanced binary options traders have praised their long list of assets available for trading. With Porter Finance review, Fair Binary Options is confirming that this is a safe and reliable binary options broker.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

PorterFinance Special features

Porter Finance review brings all the account options that are offered to PorterFinance customers. For the Porter Finance review we used the Porter Finance Standard account. Here is the overview of the features to be found with each of the account types.

Porter Finance Beginner Account

  • from $250 deposit
  • 30% bonus
  • weekly Porter Finance reviews of the market
  • e-book on trading

Porter Finance Standard Account

  • from $750 deposited
  • 40% bonus
  • daily and weekly Porter Finance review of the market
  • e-book
  • access to the academy
  • 1 trading strategy

Porter Finance Executive Account

  • from $1000 deposited
  • 75% bonus
  • 5 risk free trades
  • daily and weekly Porter Finance review of the market
  • VIP academy access
  • 3 trading strategies
  • money management training
  • e-book

There is also a VIP account at Porter Finance, for traders who deposit more than $100,000. Porter finance rules relating to bonuses are mostly standard, requiring 30x turnover to withdraw funds. We are not happy to see that all funds are subject to this bonus policy, so we urge customers to think well before they accept promotion offers.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Become an IQ Option trader today

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

PorterFinance Trading software

Porter Finance trading solution is very versatile. During the trading session we did for the PorterFinance review, we found the software easy to use, responsive and adjustable to trader’s needs. The binary option types available trough Porter Finance are high/low, pairs, long term, turbo options, one touch and ladder trading system. This is really a wide range and we believe most traders will find their preferred binary options type.

The trading interface is modular. We mostly used the standard setup for the Porter finance review, but there are also other window settings, depending on the trading style of the individual investor. Also, Porter Finance offers huge list of assets, as we already mentioned in the Porter Finance review introduction. There are more than 100 stocks, even 11 commodities, 53 indexes and 28 currency pairs. A well diversified portfolio with this kind of offering is not a problem to achieve.

Also, PorterFinance academy offers many good resources to improve one’s trading skills. These are divided according to levels so each trader can quickly find materials that are most suitable to his needs of improvement.

Porter Finance platform also offers risk management tools such as buy me out, double up and rollover.

Porter Finance Demo account is available to all Fair Bianry Options traders who go to the live chat and give the code “Porter Trade” to the personnel.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

PorterFinance Support information

Porter finance review uncovered a 24/7 support desk so all traders can always use chat, phone, Skype or e-mail to contact this broker in case any problems arise. When we were writing the Porter Finance review, we encountered reasonable response time from the help desk staff of the broker. Phone numbers are available for UK, Canada, Australia, New Zealand ans South Africa. Unfortunately this broker only supports english language at the moment.

Porter finance also has a good FAQ which will help many traders avoid contacting the support altogether since information provided there are very detailed and useful.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Master the markets with IQ Option

  • Get a FREE $10,000 demo account
  • Start trading with only $10
  • Invest with a licensed and regulated broker

With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

PorterFinance Payment Methods

Porter Finance uses SSL encryption to protect all transactions. This means that the banking services they provide are safe too. The integrated platform makes it easy to deposit and withdraw, as our Porter Finance review shows.

Porter Finance customers can deposit money easily by using major credit cards such as Visa, MasterCard, American Express, Diners and others. Also, the more traditional way of banking is available with bank wire transfers. During the Porter finance review we really liked the fact that this broker also accepts Skrill/Moneybookers as a means of payment. The minimum deposit amount is USD 200, EUR 200, GBP 200, AUD 200 or CAD 200 depending currency trader uses. With bank wire, the minimum is $500, with a $30 fee. As usual, the account must be verified by sending in the documents like ID and utility bill.

Withdrawals are also fast and processed in 2 days. There is a minimum withdrawal amount of $30 for credit cards, $30 for Skrill and $100 for bank accounts. There are no fees for the first withdrawal of the month. Additional withdrawals carry $30 fee if using the bank wire.

Porter Finance doesn’t state the company behind the broker on their website.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

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