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Forex Brokers That Accept PayPal Payment Method for Deposit and Withdrawal

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PayPal is a widely used online payment platform that allows individuals and businesses to send and receive money electronically. Founded in December 1998 as Confinity by Max Levchin, Peter Thiel, and Luke Nosek, PayPal has grown into one of the most recognized and trusted names in the digital payment industry. 


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PayPal is a financial service company that supports online money transfers and provides an alternative to conventional checks and money orders. A US-based company, they are known as a fast and secure online payment system since its establishment in 1998.

In 2000, Confinity merged with X.com, an online banking company founded by Elon Musk. The combined entity retained the name X.com for a brief period before officially adopting the name PayPal in 2001.

PayPal rapidly gained popularity as an alternative to traditional payment methods, revolutionizing the way online transactions were conducted. The company went public in 2002 with its initial public offering (IPO), further establishing its presence in the financial technology sector.

If your preferred forex broker allows deposit or withdraw via PayPal, you will see this option on their payment page. Here's how to deposit and withdraw funds at forex brokers using PayPal.

Deposit:

  1. If you don't have a PayPal account, you'll need to create one. This involves providing your email address, personal information, and linking your preferred funding source, such as a bank account or credit card.
  2. Log in to your forex broker's platform and navigate to the deposit section.
  3. Choose PayPal as your payment method.
  4. Enter the amount you wish to deposit, and you'll be redirected to PayPal's website.
  5. On PayPal's site, you'll need to log in to your PayPal account and confirm the payment.
  6. The funds will then be transferred from your PayPal account to your forex account in just a matter of seconds.

Withdraw:

  1. Log in to your forex account and navigate to the payment page.
  2. Find withdrawal on the payment page.
  3. Enter the amount you wish to withdraw which will redirect you to PayPal login page.
  4. Once your payment has been verified, your withdrawal money will be in your PayPal account in 1 or 2 business days.

Other references of PayPal forex brokers can be found here:

There is no extra charge when you deposit your fund to your forex account via PayPal, but you might be charged up to several extra fees in some conditions. Here are extra fees that might be applicable to you:

  • 2.7% for withdrawal without trading.
  • 4.5% for foreign transactions.
  • 4% to 12% for other transaction fees.

In addition, there is a limitation to the transferable amount via PayPal. The lower limit is usually somewhere between $100 and $200 and the upper limit is $10,000. 

With that being said, please refer to your broker's and PayPal's terms and conditions for further details. PayPal's terms and conditions depend on your current location. Therefore, there might be some differences regarding fees due to this factor.

Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Here are some benefits of PayPal as a payment method:

  1. PayPal has successfully maintained its status as the most popular e-payment platform up to this moment.
  2. PayPal is widely used by netizens all around the world, especially those involved in the online business world.
  3. Almost every seasoned trader (those who have been trading for years) has PayPal installed, although not as much as credit cards for payment.
  4. Its transfers are also instantaneous, making it dependable for quick trading fund needs, unlike cryptocurrencies which still take around 10 minutes to process.
  5. The ease of transferring funds for deposits and withdrawals through PayPal is also very straightforward. All you need is the PayPal application and an app for funding your PayPal balance.
  6. The funding process to PayPal can also utilize several payment options, such as mobile banking or e-wallets, making it very fast. If using cryptocurrencies, you would need to go through an exchange first if you want to deposit or withdraw.
  7. Also, many forex brokers will not charge you for sending funds via PayPal.

There are some countries where PayPal may not be available. For more information, see PayPal's terms and conditions regarding the available country and region.

Some forex brokers may not allow deposits or withdrawals via PayPal as well. In that case, you can find another similar service to deposit funds to your forex broker.

There are still some countries where PayPal's services may be limited or not available. The availability of PayPal can change over time, so it's important to refer to the official PayPal website or contact their customer support for the most up-to-date information.

As of September 2021, some countries where PayPal may not be available or has limited services include:

  • Afghanistan
  • Bangladesh
  • Cameroon
  • Central African Republic
  • Côte d'Ivoire (Ivory Coast)
  • Democratic People's Republic of Korea (North Korea)
  • Democratic Republic of the Congo
  • Eritrea
  • Libya
  • Montenegro
  • Myanmar (Burma)
  • Republic of Congo
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Timor-Leste (East Timor)
  • Uzbekistan

Please note that this list may not be exhaustive, and there could be additional countries where PayPal services are limited or unavailable. It is always recommended to check with PayPal directly to determine if their services are accessible in your specific country or region.


Additional FAQ

  • PayPal is a global payment platform that is available to more than 200 markets. That means users can pay (or get paid) and withdraw funds to their bank account in more than 50 currencies.
  • Because PayPal is an e-wallet, traders can access funds anywhere, anytime they want.
  • PayPal is quite well-known for its high security. All information that is communicated between trader's device and PayPal is encrypted as long as the network is secured.

Continue Reading at Best ASIC Brokers that Accept PayPal

PayPal Stablecoin (PYUSD) is a type of stablecoin designed to maintain a stable value, as opposed to the volatility often associated with traditional cryptocurrencies like Bitcoin and Ethereum.

Stablecoins are typically pegged to a stable asset, such as a fiat currency like the US Dollar or a commodity like gold. In this case, PayPal stablecoin is pegged to a basket of fiat currencies, ensuring its value remains relatively consistent.

Continue Reading at All You Need to Know About the Latest Paypal Stablecoin

E-wallets are much faster and even guarantee instant payments than other payment methods. Furthermore, forex brokers tend not to charge additional commission fees for depositing via e-wallet. As for withdrawals, the fees are still relatively lower than other methods. When your broker scams you, the e-wallet company can be the third party in the dispute without costing you extra money.

Continue Reading at 5 Top E-Payments for Forex Deposit and Withdrawal

Some brokers offer PayPal because it is considered a trusted e-wallet company with high-quality services and many internet users are already familiar with it. Among those brokers are FxPro and eToro.

Each broker imposes different policies regarding the PayPal service. FxPro for example, would charge the clients a deposit fee of 2.7% and a processing time of at least 10 minutes, whereas for withdrawal, it is free of commission but takes at least 1 working day to process.

Continue Reading at 5 Top E-Payments for Forex Deposit and Withdrawal