List Of Brokers Accepting PayPal


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.

The majority of forex brokers' clients may prefer funding their accounts via e-payment as it is much faster, cheaper, and easier than the more conventional payment methods like Wire Transfer. As PayPal has been around for more than a decade and is registered under the US jurisdiction, the e-payment does not only provide clients with all of the good attributes of an e-payment but also high security and reliability.

Below is a list containing forex brokers that offer PayPal as one of their funding methods:

Broker Regulation Max Leverage Min Deposit General Rating
Pepperstone
Australia
2010
ASIC 414530
BaFin, 151148
Capital Markets Authority of Kenya, 128
CySEC, 388/20
DFSA (Dubai), F004356
1:500 $200 Review
eToro
China
2007
ASIC, 491139
CySEC 109/10
FCA (UK), FRN 583263
FINRA, 298361/SEC#: 8-70212
1:400 $200 Review
Plus500
Australia
2008
ASIC, 417727
CySEC, 250/14
FCA (UK) 509909
FSCA (South Africa), 47546
ISA (Israel), 5
Monetary Authority of Singapore, 2017-12-11
1:300 $100 Review
ActivTrades
Bahamas
2001
DFSA (Dubai) F003511
FCA (UK), 434413
1:400 $100 Review
ThinkMarkets
Australia
2010
ASIC, 424700
FCA (UK), 629628
FSA (Japan) 19/02/2021
FSCA (South Africa), FSP No 49835
1:30 $1 Review
IC Markets
Australia
2007
ASIC, ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas SIA-F214
1:500 $200 Review
Bulbrokers
Bulgaria
1998
Bulgarian National Bank GR00173
CNVM (Romania), 51389
FCA (UK), 544872
FSC (Bulgaria), РГ-03-0009/14.07.2008
ESMA
1:200 $100 Review
FXFlat
Germany
1997
BaFin 148415
1:400 $200 Review
FXGM
Cyprus
2011
BaFin, 130520
Banque de France 74353
CNMV (Spain), 3321
CONSOB (Italy), 3567
FCA (UK), 593528
FSCA (South Africa), 47709
ESMA
1:30 $200 Review
AGEA
Montenegro
2005
None 1:500 $1 Review
FXGlory
Cyprus
2011
None 1:3000 $1 Review
Deriv
Malaysia
1999
FSA (Labuan), MB/18/0024
FSC (BVI) SIBA/L/18/1114
MFSA, C70156
The Financial Commission, 08.06.2020
Vanuatu Financial Services Commission, 14556
1:1000 $5 Review
XTB
Austria
2002
CNMV (Spain) 40
Czech National Bank, 56720
DFSA (Dubai), 4365
FCA (UK), 522157
FSA (Poland), 0000217580
FSCA (South Africa), 49970
IFSC (Belize), IFSC/60/413/TS/19
ESMA
1:30 $1 Review
iFOREX
Cyprus
1996
CySEC, 143/11
1:30 $100 Review
Velocity Trade
New Zealand
1999
AFM (Netherlands) 29.05.2020
ASIC, 329813
FCA (UK), 497263
Financial Dispute Resolution (NZ), FM0279
FMA (New Zealand), FSP20003
FSCA (South Africa), 43295
ESMA
1:200 $1000 Review
FXPCM
Canada
2007
Dubai Gold and Commodities Exchange 114
SCA (UAE), 204
1:500 $100 Review
ICM Brokers
Saint Vincent and the Grenadines
2007
None 1:400 $300 Review
MARKETSX
Cyprus
2006
AFM (Netherlands), 0900-5400 540
ASIC, 424008
BaFin, 122798
CySEC, 092/08
FCA (UK), 607305
FSA (Denmark), 6729
FSCA (South Africa) 46860
ESMA
1:300 $100 Review
ICM Capital
China
2009
FCA (UK), 520965
Jordan Securities Commission 02.04.2020
1:30 $200 Review
GBE brokers
Cyprus
2013
CySEC, 240/14
1:30 $500 Review
Fortrade
United Kingdom
2013
ASIC, 493520
CySEC, 385/20.
FCA (UK), 609970
IIROC 20-0021
NBRB (Belarus), 193075810
1:100 $500 Review
Global Prime
Australia
2010
ASIC, 385620
FSA (Seychelles), SD057
Vanuatu Financial Services Commission 40256
1:200 $200 Review
AMEGA
Cyprus
2018
None 1:1000 $1 Review
Capital Street FX
Bulgaria
2012
FSC (Mauritius), C112010690
1:3500 $100 Review
GOMarkets
Australia
2008
ASIC, ACN081864039
CySEC, 322/17
DMCC (Dubai) 18.07.2020
1:500 $200 Review
TradeFW
Cyprus
2018
CySEC, 298/16
1:30 $250 Review
Blueberry Markets
Australia
2016
ASIC, 391441
1:500 $100 Review
Your FX Broker
Cayman Islands
2020
Cayman Islands Monetary Authority 585163
1:100 $100 Review
Yadix
Seychelles
2010
FSA (Seychelles), SD021
1:500 $100 Review
Axes
Ukraine
2018
IFSA (St. Vincent and Grenadines) 338 llc 2020
1:500 $500 Review
EuropeFX
Cyprus
2014
CNMV (Spain), 4065
CONSOB (Italy) 4071
CySEC, 258/14
Finansinspektionen (Sweden), 38431
ESMA
1:30 $1000 Review
BlackBull Markets
New Zealand
2014
FCA (UK), 9556804
FMA (New Zealand) FSP403326
FSA (Seychelles), BBG Limited
1:500 $200 Review
FxPro
Bahamas
2006
CySEC, 078/07
DFSA (Dubai), F003333
FCA (UK), 509956
FSCA (South Africa), 45052
1:50 $100 Review
ROinvesting
Cyprus
2015
CySEC, 269/15
1:400 $100 Review
XtreamForex
Marshall Islands
2015
None 1:1000 $5 Review
Trading 212
United Kingdom
2006
FCA (UK), 609146
FSC (Bulgaria), RG-03-0237
ESMA
1:30 $10 Review
Admirals
Argentina
2001
ASIC, 28381
CySEC, 201/13
FCA (UK), 595450
FSA (Estonia), 10932555
FSA (Seychelles), 8426894-1
Jordan Securities Commission, 57026
1:500 $100 Review
ForexVox
United Kingdom
2019
FCA (UK), 586541
FSA (Seychelles), Securities Dealer License No SD028
1:500 $1 Review
Fusion Markets
Australia
2018
ASIC, 226199
Vanuatu Financial Services Commission, 40256
1:500 $1 Review
TOP1Markets
Australia
2018
ASIC, 488340/001276870
Vanuatu Financial Services Commission, 40436
1:100 $100 Review
CapitalCore
Saint Vincent and the Grenadines
2019
None 1:1000 $1 Review


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.

If your preferred forex broker allows deposit or withdraw via PayPal, you will see this option on their payment page. After you have selected that option, you will be redirected to your PayPal login page to verify the payment. You can also verify it using a fingerprint scan if your device supports it. Either way, your fund will arrive at your forex account in just a matter of seconds.

Since your forex account has been funded, you get your trading plan in motion. Sometimes later, you see a nice amount of profit you wish to withdraw. Can you receive them through your PayPal account?

Of course you can. Just log on to your forex account and find withdrawal on the payment page, then enter the amount you wish to withdraw which will redirect you to PayPal login page. Once your payment has been verified, your money will be at your PayPal account in 1 or 2 business days.


What are we looking at here besides its simplicity?


Forex traders actually treat their time as if it is money, so a service that can execute their command swiftly is something that they prefer. A service that allows forex traders immediately sending and receiving funds is surely something they like. Also, in a world where risk is all over the place, safety and security are something coveted by many. That is what PayPal brings to the table, they will not expose any vital information to anyone while transferring their users' money. Many forex brokers will not charge you for sending funds via PayPal as well.

There are other few things to look out for, though. For example, 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.


Watch out for transfer fees and restrictions!


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. There is no extra charge when you deposit your fund to your forex account via PayPal, but you might be charged up to 2.7% if you withdraw without trading. 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.

With that being said, please refer to your broker's and PayPal's terms and conditions for further detail.



All in all, PayPal has been a trustworthy payment service, up to the point where some people claim that it is safer than a transaction done in credit or debit cards. They earned people's trust because they manage the transactions without exposing any confidential information. All you need to do is log in to your PayPal account. Plus, when you are doing a transaction on PayPal using your mobile device, you may use a fingerprint scanner to add another layer of protection to the security.

In short, PayPal is a dependable online payment service provider that can help forex traders in a way or two. There may be some cost or strict limitation, but that is just a modest fee for a secure and fast payment system especially when your forex broker allows deposit or withdrawal through PayPal. One big downside to this is the chargeback feature that you might not be able to benefit from since it only applies to the trade of a physical item.

If you don't mind the fees and restrictions and the listed brokers above suit your trading condition, then trying PayPal as a payment method is certainly worth it. After all, it is one of the major e-payment systems with more than 20 years of experience and reliable safety. However, you don't need to trade in a forex broker that doesn't fit your criteria just to try PayPal deposits and withdrawals. There are many other alternatives similar to PayPal provided by the majority of forex brokers today. See 4 Things to Consider about Forex Broker Deposit and Withdrawal to find out more.




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