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

  • DFSA (Dubai) F003511
  • FCA (UK)
  • Securities Commission of The Bahamas
1:400 $100 Review
XTB
Austria 2002

  • CNMV (Spain) 40
  • Czech National Bank
  • DFSA (Dubai)
  • FCA (UK)
  • FSA (Poland)
  • FSCA (South Africa)
  • IFSC (Belize)
  • ESMA
1:30 $1 Review
Pepperstone
Australia 2010

  • ASIC 414530
  • BaFin
  • Capital Markets Authority of Kenya
  • CySEC
  • DFSA (Dubai)
  • FCA 684312
  • SCB SIA-F217
1:30 $200 Review
AGEA
Montenegro 2005

1:500 $1 Review
IC Markets
Australia 2007

1:500 $200 Review
Admirals
Argentina 2001

  • ASIC
  • CySEC
  • FCA (UK)
  • FSA (Estonia)
  • FSA (Seychelles)
  • FSCA (South Africa)
  • IIROC
  • Jordan Securities Commission
1:500 $100 Review
GOMarkets
Australia 2008

1:500 $200 Review
ThinkMarkets
Australia 2010

1:500 $1 Review
Plus500
Australia 2008

  • ASIC
  • CySEC
  • FCA (UK) 509909
  • FSA (Estonia)
  • FSCA (South Africa)
  • ISA (Israel)
  • Monetary Authority of Singapore
1:300 $100 Review
eToro
China 2007

  • ASIC
  • CySEC 109/10
  • FCA (UK)
  • FINRA
1:400 $200 Review
Blueberry Markets
Australia 2016

  • ASIC
1:500 $100 Review
OANDA
British Virgin Islands 1996

  • CFTC/NFA 0325821
  • FCA (UK)
  • FSA (Japan)
  • FSC (BVI)
  • Kanto Local Finance Bureau (Japan)
  • MFSA
  • Monetary Authority of Singapore
  • ASIC
1:20 $1 Review
FxPro
Bahamas 2006

  • CySEC
  • DFSA (Dubai)
  • FCA (UK)
  • FSCA (South Africa)
1:50 $100 Review
iFOREX
Cyprus 1996

  • CySEC
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
  • FSA (Labuan)
  • FSC (BVI) SIBA/L/18/1114
  • MFSA
  • The Financial Commission
  • Vanuatu Financial Services Commission
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
  • BaFin
  • Banque de France 74353
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSCA (South Africa)
  • ESMA
1:30 $200 Review
FXFlat
France 1997
1:400 $200 Review
Bulbrokers
Bulgaria 1998
1:200 $100 Review
Alvexo
Cyprus 2014
  • AFM (Netherlands) 02-04-2015
  • BaFin
  • CNMV (Spain)
  • CONSOB (Italy)
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
  • ESMA
1:400 $500 Review
Ingot Brokers
Australia 2004
1:400 $100 Review
GBE brokers
Cyprus 2013
  • CySEC
1:30 $500 Review
Global Prime
Australia 2010
  • ASIC
  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:200 $200 Review
AMEGA
Cyprus 2018
1:1000 $1 Review
Emd Broker
Georgia 2020
  • FSC (Mauritius)
1:300 $100 Review
FX Sign
Georgia 2015
  • IFSA (St. Vincent and Grenadines)
1:1000 $1 Review
LiquidityX
Greece 1994
1:30 $250 Review
Colmex Pro
Cyprus 2009
  • CySEC
  • FSCA (South Africa)
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
  • ASIC
  • Vanuatu Financial Services Commission
1:100 $100 Review
Fusion Markets
Australia 2018
  • ASIC
  • FSA (Seychelles)
  • Vanuatu Financial Services Commission
1:500 $1 Review
ForexVox
United Kingdom 2019
  • FCA (UK)
  • FSA (Seychelles)
1:500 $1 Review
Trading 212
United Kingdom 2006
  • CySEC
  • FCA (UK)
  • FSC (Bulgaria)
  • ESMA
1:30 $10 Review
Fortrade
United Kingdom 2013
  • ASIC
  • CySEC
  • FCA (UK)
  • FSC (Mauritius)
  • IIROC 20-0021
  • NBRB (Belarus)
1:100 $500 Review
XtreamForex
Marshall Islands 2015
1:1000 $5 Review
ROinvesting
Cyprus 2015
  • BaFin
  • CNMV (Spain)
  • CySEC
  • FCA (UK)
  • ESMA
1:400 $100 Review
BlackBull Markets
New Zealand 2014
  • FCA (UK)
  • FMA (New Zealand)
  • FSA (Seychelles)
1:500 $50 Review
EuropeFX
Cyprus 2014
1:30 $1000 Review
Axes
Ukraine 2018
1:500 $500 Review
Yadix
Seychelles 2010
  • FSA (Seychelles)
1:500 $100 Review
Skilling
Cyprus 2016
  • CySEC
  • FCA (UK)
  • FSA (Seychelles)
1:500 $100 Review
Your FX Broker
Cayman Islands 2020
1:100 $100 Review
TradeFW
Cyprus 2018
  • CySEC
1:30 $250 Review
Capital Street FX
Bulgaria 2012
  • FSC (Mauritius)
1:3500 $100 Review
ForexTB
Cyprus 2020
  • CySEC
1:30 $250 Review
Markets.com
Cyprus 2006
  • AFM (Netherlands)
  • ASIC
  • BaFin
  • CySEC
  • FCA (UK)
  • FSA (Denmark)
  • FSCA (South Africa)
  • ESMA
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.



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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