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 | Max Leverage | Min Deposit | |
|---|---|---|---|
| ActivTrades Bahamas 2001
| 1:400 | $100 | Review |
| XTB Austria 2002
| 1:30 | $1 | Review |
| Pepperstone Australia 2010
| 1:30 | $200 | Review |
| AGEA Montenegro 2005 | 1:500 | $1 | Review |
| IC Markets Australia 2007
| 1:500 | $200 | Review |
| Admirals Argentina 2001
| 1:500 | $100 | Review |
| GOMarkets Australia 2008
| 1:500 | $200 | Review |
| ThinkMarkets Australia 2010
| 1:500 | $1 | Review |
| Plus500 Australia 2008
| 1:300 | $100 | Review |
| eToro China 2007
| 1:400 | $200 | Review |
| Blueberry Markets Australia 2016
| 1:500 | $100 | Review |
| OANDA British Virgin Islands 1996
| 1:20 | $1 | Review |
| FxPro Bahamas 2006
| 1:50 | $100 | Review |
| iFOREX Cyprus 1996
| 1:30 | $100 | Review |
| Profiforex Belize 2010 | 1:500 | $1 | Review |
| MARKETSX Cyprus 2006
| 1:300 | $100 | Review |
| PFD New Zealand 1999
| 1:300 | $1 | Review |
| ICM Brokers Saint Vincent and the Grenadines 2007 | 1:400 | $300 | Review |
| FXPCM Canada 2007
| 1:500 | $100 | Review |
| Velocity Trade New Zealand 1999
| 1:200 | $1000 | Review |
| Deriv Malaysia 1999
| 1:1000 | $5 | Review |
| ICM Capital China 2009
| 1:30 | $200 | Review |
| FXGlory Cyprus 2011 | 1:3000 | $1 | Review |
| Eightcap Australia 2009
| 1:500 | $100 | Review |
| FXGM Cyprus 2011
| 1:30 | $200 | Review |
| FXFlat France 1997
| 1:400 | $200 | Review |
| Bulbrokers Bulgaria 1998
| 1:200 | $100 | Review |
| Alvexo Cyprus 2014
| 1:400 | $500 | Review |
| Ingot Brokers Australia 2004
| 1:400 | $100 | Review |
| GBE brokers Cyprus 2013
| 1:30 | $500 | Review |
| Global Prime Australia 2010
| 1:200 | $200 | Review |
| AMEGA Cyprus 2018 | 1:1000 | $1 | Review |
| Emd Broker Georgia 2020
| 1:300 | $100 | Review |
| FX Sign Georgia 2015
| 1:1000 | $1 | Review |
| LiquidityX Greece 1994
| 1:30 | $250 | Review |
| Colmex Pro Cyprus 2009
| 1:30 | $2000 | Review |
| Capital.com Australia 2017
| 1:30 | $20 | Review |
| CapitalCore Saint Vincent and the Grenadines 2019 | 1:1000 | $1 | Review |
| TOP1Markets Australia 2018
| 1:100 | $100 | Review |
| Fusion Markets Australia 2018
| 1:500 | $1 | Review |
| ForexVox United Kingdom 2019
| 1:500 | $1 | Review |
| Trading 212 United Kingdom 2006
| 1:30 | $10 | Review |
| Fortrade United Kingdom 2013
| 1:100 | $500 | Review |
| XtreamForex Marshall Islands 2015 | 1:1000 | $5 | Review |
| ROinvesting Cyprus 2015
| 1:400 | $100 | Review |
| BlackBull Markets New Zealand 2014
| 1:500 | $50 | Review |
| EuropeFX Cyprus 2014
| 1:30 | $1000 | Review |
| Axes Ukraine 2018
| 1:500 | $500 | Review |
| Yadix Seychelles 2010
| 1:500 | $100 | Review |
| Skilling Cyprus 2016
| 1:500 | $100 | Review |
| Your FX Broker Cayman Islands 2020 | 1:100 | $100 | Review |
| TradeFW Cyprus 2018
| 1:30 | $250 | Review |
| Capital Street FX Bulgaria 2012
| 1:3500 | $100 | Review |
| ForexTB Cyprus 2020
| 1:30 | $250 | Review |
| Markets.com Cyprus 2006
| 1:300 | $100 | 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.
So, is PayPal worth to try in forex trading?
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.
