Forex Brokers

Porter Finance

1.6 (15 reviews)
🇦🇺 Australia
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1.6
15 reviews
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About Porter Finance

Porter Finance has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: 20-22 Wenlock Road England N1 7GU This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: porterfinance.com.

Customer Reviews

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KYC process is a nightmare

M
Maya V.
4 weeks ago

Porter Finance seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Fast support response|Smooth onboarding|Excellent charting|Intuitive for beginners

Cons: Wait times can be long during peak hours|No dark mode on mobile

Education is just sales pitch

R
Ryan I.
1 months ago

Opened my account with Porter Finance after reading several online reviews and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Automated trading options|Easy to use platform

Cons: Mobile app could be improved

Commission structure changed retroactively

J
Joel V.
2 months ago

Porter Finance has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Risk management tools|Dedicated account manager|Educational resources|Automated trading options

Cons: None so far

No phone number that works

A
Alex X.
2 months ago

Do not use Porter Finance for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Easy withdrawals|Good analytical tools

Cons: Wish they had more educational resources|No integrated tax optimization

They deleted my negative review

K
Kevin J.
3 months ago

I experienced a security concern with my Porter Finance account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Good analytical tools|Automated trading options

Cons: Some tools only available on higher tiers|No dark mode on mobile

Still waiting for my withdrawal

L
Liam L.
4 months ago

I have been trying to close my account with Porter Finance for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: API access|Clear documentation|Intuitive for beginners|Clean UI

Cons: Wish they had more educational resources|Limited cryptocurrency options

Accounting export broken

P
Patrick A.
4 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Porter Finance is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Clean UI|Portfolio tracking tools

Cons: Currency conversion fee exists

Deceptive practices at Porter Finance

C
Carl D.
4 months ago

I referred a friend to Porter Finance after hearing about them at a conference. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Responsive team|Full transparency|Risk management tools|Fast execution

Cons: Mobile app could be improved|Wish they had more educational resources

Charting is from 2010

S
Seth K.
6 months ago

Porter Finance had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Helpful community forum|Clean UI|Competitive fees

Cons: Limited demo account features

Incompetent on every level

C
Christopher T.
6 months ago

I wanted to transfer my portfolio from another broker to Porter Finance. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Educational resources|No hidden fees|Multi-device support|Excellent charting

Cons: Currency conversion fee exists|Research section could be deeper