Best PayPal Forex Brokers

PayPal is fast, and it’s easy. With just a few clicks, you can make instant deposits or withdrawals from your PayPal account, and PayPal’s service coverage extends to 202 countries worldwide and accepts 52 different currencies, including USD, CAD, EUR, DKK, JPY, GBP, and INR.

PayPal offers a safe and secure online platform for sending and receiving money, and also supports a wide range of payment platforms, including e-Banking and PLAN. You can deposit money to your PayPal account and instantly send it to your broker and receive any payout and then withdraw it back to your bank.

PayPal’s system of paying fees is suitable for trading, although can vary depending on the method you use. For example, there are no fees charged to you for opening an account, however you may incur payment fees depending on your location and chosen payment method.

Pros:

• It’s easy (and might even be free). PayPal may be free to use – depending on the payment method. It’s also easy to use, requiring only a few clicks to fund an account (as long as you have your PayPal account set up).
• You can use PayPal just about anywhere. PayPal’s coverage is wide, and it allows for receiving and sending money in up to 202 countries globally, including the U.S., U.K., Canada, France, and Italy.
• Not using a major currency? Not a problem. PayPal allows for payments in 52 different currencies, including (but not limited to) USD, EUR, CAD, JPY, and GBP.
• It’s fast. Payments are instant, and withdrawals may take less time to hit your bank account than traditional bank transfers.
• It comes with perks. PayPal has evolved over the years to offer various perks (which vary by region), such as the ability to open a PayPal credit card or credit line for use online. However, most brokers do not accept credit cards, and it is never advisable to borrow money or use credit to invest in risky assets such as forex or CFD from a margin account.

Cons:

• You’ll need a PayPal account. This might be stating the obvious, but you will need to set up and maintain a PayPal account in order to use it as a payment method.
• Withdrawals might take a while. Withdrawal of funds from PayPal to your bank account will take from three to five business days (and may even result in a fee from PayPal).

All forex brokers offer multiple payment methods that allow you to deposit money into your trading account. While some brokers may offer a greater variety of deposit options than others, almost every broker will, at a minimum, offer common methods such as bank wire or bank transfer (Automated Clearing House (ACH) in the U.S., or Single Euro Payments Area (SEPA) in Europe), or using a supported debit card such as VISA or Mastercard.

Yes, though it’s important to note that not all forex brokers currently accept PayPal as a means of depositing or withdrawing funds from your brokerage account. That being said, more and more brokers are starting to expand their supported payment methods to include more popular methods (like PayPal).

While MetaTrader 4 (MT4) is not a broker and cannot accept funds for trading, there are a growing number of regulated brokers that offer MT4 and accept PayPal as a deposit and withdrawal method. Many forex traders that want to use MT4 end up choosing brokers that accept PayPal, so that they can quickly fund their account and withdraw funds back to their PayPal account when necessary. Whichever payment method you decide to use, remember that it’s always best to choose a highly-regulated and well-trusted broker.

PayPal has become an increasingly popular choice for traders looking to deposit funds when opening a forex trading account. Below we’ve listed the best forex brokers that accept deposits from PayPal:

• IG
• CMC Markets
• FOREX.com
• XTB
• City Index
• Swissquote
• eToro
• AvaTrade
• Plus500
• Admiral Markets
• Capital.com
• IC Markets
• OANDA
• Pepperstone
• FP Markets
• FxPro
• Trading 212
• Eightcap
• Trade Nation
• Trade360
• LegacyFX
• TopFX

IG is the best forex broker that accepts PayPal as a payment option in 2023. IG stands apart from the competition in the areas that matter most – for beginners and experienced traders alike. IG delivers an outstanding selection of resources, including education, research, trading tools, and a vast selection of markets to trade. IG is also a highly regulated broker with a massive list of regulatory licenses across the globe. No matter what payment option you decide to use, IG is our number one pick in 2023.