Forex Brokers That Accept PayPal Payment Method for Deposit and Withdrawal

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.

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. For instance, 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.

Also, many forex brokers will not charge you for sending funds via PayPal.

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.

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 detail.

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.

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.

Other references of PayPal forex brokers can be found here:

• Best ASIC Brokers that Accept PayPal