Porter Finance Review – Good or Bad US Broker

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    Free Education How To Trade!
    Free Demo Account!
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  • Binomo

    Good Choice For Experienced Traders!

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.

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 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.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders!

  • 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.


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


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  • Go to Fortrade details

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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Community & Support

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 Review

Trading Platform Porter Finance

Porter Finance provides their users with the must up-to-date version of the SpotOption trading platform. The platform itself offers a quick and responsive UI as well as a wide range of features and tools that allow users to optimize and speed up their trading processes. SpotOption is one of the most widespread trading platforms out there as it guarantees simplicity, reliability and flexibility. The new SpotOption also supports mobile devices, including Android and Apple iOS smartphones and tablets.

The Porter Finance platform provides risk management tools such as buy me out, double up, and rollover. The trading interface is modular and you can also use other window settings, depending on your individual trading style.

Porter Finance has the following unique features:

  • Double Up
  • Roll Over
  • Buy Me Out
  • Social Trading

Porter Finance offers a vast list of assets including more than 100 stocks, 53 indexes, 11 commodities, and 28 currency pairs.

The Porter Finance academy offers good resources to help traders improve their trading skills. These are divided according to levels to enable each trader to quickly find materials that are most suitable for their needs. This broker also offers a demo account.

Porter Finance offers 24/7 support through phone, chat, Skype, and email. Phone numbers are available for the UK, Australia, Canada, South Africa, and New Zealand. This broker currently offers support only in English. Its website has a useful FAQ section that traders can use for self-help.

Porter Finance uses SSL encryption to safeguard all transactions. The minimum deposit amount is 200 USD, EUR, GBP, AUD or CAD depending on the currency you choose. With bank wire, the minimum amount is $500, with a $30 fee. Withdrawals are quite fast and processed in two days.

  • Excellent support team
  • Very good reputation
  • SpotOption trading platform
  • Extensive resource of educational materials
  • Ideal for beginners and novice traders
  • Only started out in 2020
  • Few withdrawal options

Platform type: SpotOption

Platform Languages: English, Spanish, German, French, Russian, Chinese, Japanese, Italian

OS Compatibility: Mac OS, iOS, Windows, Android

Streaming News Feed: Yes

Email Alerts: Yes

Mobile Alerts: No

Company information Porter Finance

Located in: London, United Kingdom

Website: https://www.porterfinance.com/

Founded in: 2020

Accepts US Clients: Yes

Phone number: +44-2035192532

Email: [email protected]

Account Options Porter Finance


Minimum Deposit: $200

Payouts Percentage: 83%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, Neteller

Withdrawal Options: Credit Card, Debit Card, Bank Wire Transfer, Neteller

Payout Ratios: Porter Finance offers payout up to 83%.

Available Assets Porter Finance

Forex, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English

Customer Service Hours: Porter Finance’s customer service hours are 06:00 GMT to 23:00 GMT.

Place Trades Over the Phone?: No

Porter Finance Trade types

Porter Finance offers the following trade types:

  • Standard Call/Put Binary Options
  • Pairs
  • Long Term Options
  • One Touch Binary Options
  • 60 Second Binary Options
  • Ladder

Porter Finance Trade accounts

Porter Finance offers the following trading accounts:

Starter Package – 1000 starting investment

  • 20% bonus
  • Ebook
  • Daily market reviews
  • Educational videos
  • Webinars

Silver Account – 5000 starting investment

  • 30% bonus
  • Daily market reviews
  • 1 risk free trade
  • 1 academy session
  • weekly signals
  • webinars

Gold Account – 10,000 starting investment

  • 45% bonus
  • Daily market reviews
  • 3 Risk Free Trades
  • 3 Training Sessions
  • Live webinars
  • Daily signals
  • Dedicated broker

Platinum Account – 25,000 starting investment

  • 60% bonus
  • Daily market reviews
  • 5 risk free trades
  • 5 training sessions
  • Live webinars
  • Daily signals
  • Dedicated broker and managed account
  • Same day withdrawals
  • Money management system

Diamond Account – 50,000 starting investment

  • 80% bonus
  • Daily market reviews
  • 10 risk free trades
  • Academy VIP membership
  • Live webinars
  • Daily signals
  • Dedicated broker and managed account
  • Money management system
  • Expedited withdrawals

Royal Account – 100,000 starting investment

  • Upto 50% insured account + bonus
  • Academy VIP membership + personal coach
  • Live webinars
  • Daily signals
  • Dedicated broker and account manager
  • Money management system
  • Expedited withdrawals
  • Exotic vacation of your choice
  • Contact a senior account manager for more information

Porter Finance Position In Our Categories

Position of Porter Finance in our main categories:

Porter Finance is one of the top 50 Binary Options Brokers products

If you are interested in Porter Finance it might also be a good idea to examine other subcategories of Binary Options Brokers listed in our database of B2B software reviews.

It’s essential to keep in mind that hardly any service in the Binary Options Brokers category is a perfect solution able to meet all the goals of all investors. It may be a good idea to read a few Porter Finance reviews first as some solutions may actually perform well exclusively in a specific geography or situation or be created with a very specific customer in mind. Others can function with an intention of being simple and intuitive and therefore lack advanced functions desired by more experienced users. There are also services that focus on a large group of customers and provide a rich feature toolbox, however this usually comes at a higher price of such a service. Ensure you’re aware of your requirements so that you get a service that offers exactly the elements you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Porter Finance reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Porter Finance. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Bac Finance Review – is bacfinancelimited.com scam or good crypto broker?

Trading Accounts and Conditions

Investment plan Min. deposit Daily profit
Standard $100 2.5%

Bac Finance presents itself as a cryptocurrency trading venue based in New Zealand. They claim to offer profitable investment plans; however, the website doesn’t contain much meaningful information on trading conditions.

If you are tempted by the daily profits this broker offers, or by their generous affiliate program, make sure you read the following lines first. We have serious concerns that Bac Finance might be a scam. Read on to get all the details.

Bac Finance Advantages

We usually try to list any possible advantages a broker might have in the beginning of our reviewsWith Bac Finance, however, we have no choice, but to leave this section empty.

Bac Finance Disadvantages

No regulation, blacklisted by the FMA in New Zealand

The broker says to be a trademark Bac Finance Ltd., a company operating out of New Zealand. However, the Financial Markets Authority (FMA) in the country has issued an official warning against Bac Finance, saying that the website is offering investments without being registered on the Financial Service Providers Register (FSPR).

Furthermore, the FMA warned that the broker may be involved in a scam, and that it illegally uses the name, registered office address and details of a legitimate company with which it isn’t related in any way.

Besides, the FMA says that the website is making claims regarding their financial products and/or services that appear to be unsubstantiated and/or false and misleading. This leads us to the next points of our review.

Staggering lack of information

As a matter of fact, there is staggering lack of information on all crucial aspects of a CFD brokerage (or a crypto exchange) on the Bac Finance’s website such as what is the platform, the spreads, leverage levels provided, transfer fees, etc. That said, it’s even unclear what is the nature of the services provided – trade in CFDs or real digital assets. This is another worrisome sign that inclines us to suspect that Bac Finance is one of the many fraudsters in the world of online trading, exploring the glory of Bitcoin.

We should also note that a daily profit of 2.5% on volatile market as the cryptocurrency one is just too good to be true. A general rule in the world of online trading is that higher returns always come with a greater risk, and the website of Bac Finance mentions nothing about it. This inclines us to suspect that this is one more false claim of this broker, which is obviously involved in some sort of investment scam scheme.

The referral program

Click on the image to view larger.

There is yet another aspect of Bac Finance’s offer which raises concerns. More specifically, they have an affiliate program that allegedly provides their clients with “the possibility of unlimited earnings” by simply their services to other investors. Affiliates allegedly earn up to 10% commission from the funds invested by the members referred by them. This leads us to suspect that the broker isn’t a genuine crypto trading operation, but a MLM scheme – a site that pays out existing members out of new members’ deposits.

All the more so, considering that Bac Finance doesn’t actually provide evidence of any trading activity or revenue being generated from trading to pay affiliates.


All things considered, Bac Finance is some very shady crypto broker. Their offer is not clear, nor realistic in terms of the promised returns. And taking into account that the broker was blacklisted by the financial authorities in New Zealand, we may safely conclude that it is probably one of the many fraudsters that simply uses crypto trading as a means to lure investors in their MLM scam scheme. If you value your money, do not invest here!

In case you are into Bitcoin and other cryptocurrencies, you’d better trade them on regulated exchanges or with licensed forex brokers in the form of CFDs.

Here is a summary of our review of Bac Finance:

Pros Cons
None No legit license
Blacklisted by the FMA in New Zealand
Zero clarity in trading conditions, platform
The affiliate program
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo

    Good Choice For Experienced Traders!

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