Well, if you need one word answer, then it’s “NO”. It is true that the Porter Finance is not supposed to be regulated, still this type of broker is such that it gives a demonstration to understand strongly the laws of regulation and the commitment for staying compliant. A lot of people might have noticed that most of the brokers are supposed to fall in one of the two particular categories, i.e. regulation without the acceptance of the traders from the United States or unregulated brokers and the acceptance of the traders from the United States. Following is something that is mentioned in the terms and conditions of Porter Finance:
The citizen from the United States of America are restricted on the platform for trading from the currencies of trading as well as the commodities because of the regulation of the United States by CFTC.
It is something quite clear and can easily be understood that the guidelines of CFTC fro traders of United States must be comprehended for the options of binary trading. Most of the brokers are such that they flatly misunderstand this or the other case is that they behave in a way that they do not have any idea about it. The binary options can be traded legally by the traders of the United States. Porter Finance always respects the laws of the United States and it allows the traders from the United Stated to have an access to the services provided by Porter Finance. It is something really great for seeing a broker that literally understands the concerns of regulation. This is actually rare enough! So, it is quite obvious that Porter Finance is not a scam at all and it has a great number of positive reviews by a number of traders working with it.
Information for depositing money while using Porter Finance:
People can get started with Porter Finance with only two hundred dollars. There are a number of methods for depositing money while using Porter Finance that include Neteller, debit card, wire transfer, etc.
Things to know about the deposits as well as the withdrawals:
There is a fee of thirty thousand dollars for transferring through bank wire; it is almost according to the standard of the industry so it must be expected from Porter Finance as well. The first withdrawal of a customer of the first month is supposed to be free; however, after that the customers have to pay an additional fee of thirty dollars. Paying thirty dollars is not considered to be unusual since a number of people pay even more than this with the other platforms. In fact Porter Finance is quite reasonable and affordable for most of the traders and they mention it in the positive reviews of the porter finance. The number of drawbacks of Porter Finance are far less than its advantages; in fact the drawbacks would just be one or two. The advantages can be estimated by checking out the positive reviews of porter finance.