Since the invention of the Internet, retail online trading expanded incredibly.
Every day new people get connected started in online trading for the first time, bringing stiff competition among Forex brokers to bring in new customers. Choosing the right broker is not an easy task either, and PayPal Forex brokers have certain advantages.
Brokerage houses fight for each customer, making it difficult picking the right broker to trade with. The payment methods used for depositing and withdrawing the funds is just one way to differentiate them.
Besides the classic credit cards and wire transfer, there are Forex brokers that use PayPal as an option to deposit or withdraw money. And, for a good reason.
By offering such an option, the trader has the chance to deposit funds without filling in all the credit card fields, and so on. PayPal already did that.
On top of that, it is an efficient, low cost and quick process to deposit funds in the trading account. PayPal Forex brokers offer this funding option for all the advantages it brings: it’s a fast, secure, reliable and less expensive option to use for funding.
We’ve looked at a range of brokers and made a top ten best Forex brokers with PayPal list.
Check it now!
|PayPal Forex Brokers||Best For||Minimum Deposit|
|Pepperstone||Overall Trading Experience||No minimum deposit|
|XTB||Education||No minimum deposit|
|IC Markets||Scalpers||No minimum deposit|
|Oanda||Beginners||No minimum deposit|
|FxPro||Award winning service||$100|
|CMC Markets||CFD stock trading||No minimum deposit|
Table of contents
Top 10 PayPal Forex Brokers
Here’s our top 10.
Best Paypal forex brokers offering MT4
MT4 is undoubtedly one of the most well-known among both users and broker forex trading has to offer. It has been around for many years and cultivated a reputation as one of the very best trading platforms around. For more information on the platform itself and the top trading brokers that offer it, you can check out our best mt4 brokers selection.
In the table below we combine not only the best brokers, forex traders can find with MT4, but that also allow you to use your PayPal account as a payment method to fund your trading.
|MT4 PayPal Forex Brokers||Minimum Deposit||MetaTrader 4 platform|
|Pepperstone||$200||Webtrader, Desktop, Mobile|
|FxPro||$100||Webtrader, Desktop, Mobile|
Best PayPal Forex Brokers in the USA
Oanda is the best PayPal forex broker USA options available. It is regulated by the NFA, has a great demo account, and provides excellent opportunities for new traders to trade with very small amounts of money. It is also one of the brokers forex traders trust highly with a top reputation worldwide.
In fact, there are not too many US forex brokers available that will allow you to use your PayPal account as a funding method, so finding some is a great positive. eToro is actually also among the list of trading brokers that both operate in the USA and accept PayPal. At the moment though they only offer stocks and crypto trading in the US.
For a more in-depth overview of brokers available in the US you can take a look any time at our best Forex Brokers USA post.
Best PayPal Forex Brokers in Canada
In the table below you will find two of the best forex brokers Canada has to offer that will allow you to use your PayPal account to deposit. Of these, our opinion is that Oanda is the best broker choice for new traders, while Vantage FX is best suited to those with more experience.
Don’t just take our word for it though, check out our post on the best Forex Brokers in Canada for more details.
|Canada PayPal Forex Brokers||Minimum Deposit||Regulated by|
|Vantage FX||$200||ASIC, FCA, CIMA, VFSA|
|Oanda||$0||ASIC, FCA, IIROC, NFA, MAS, FSA|
How to deposit money with Forex Broker Paypal Deposit
Now that you have had a look at some of the best brokers that accept PayPal payment method, how can you make your deposit? The answer is pretty simple in just a few steps.
Once you have created your account with the broker, just head to the broker or platforms own deposit page and select PayPal. Once you have entered your deposit amount and moved to the next page you should be redirected to PayPal often in a new window.
From here just enter your PayPal login information, choose your payment method within PayPal from your available cards, and complete the deposit. It should take less than a few minutes to be fully done.
Forex Broker Paypal Withdrawal
The process for making a PayPal withdrawal through your trading broker is just the same as the deposit process. The only point to note here is that the funds you withdraw will be sent back to the card you have connected to your PayPal and not the actual PayPal account itself.
Paypal Forex Brokers: Pros and Cons of This Payment Method
- eWallets are usually faster to complete than other deposit methods
- The process is easy on both sides making a deposit or withdrawal
- Using PayPal as a payment method is totally secure
- Not every broker accepts PayPal as a funding method
- PayPal chargeback is not available in these cases
- Although fast the method can still take up to 2 days depending on the broker
This list of PayPal Forex brokers is meant to introduce the best names in the industry for retail trading. As the industry becomes more and more regulated in different jurisdictions, conditions might change.
However, one thing is sure. The brokers that make up this list are good enough to face any scrutiny or change in regulation. After all, the only way to attract new clients is to differentiate the services in such a way to offer a competitive advantage. They all do, and will continue to do so.
Best PayPal Forex Brokers – FAQs
What are the best PayPal forex brokers?
The best PayPal forex brokers are: 1. eToro – 2. Pepperstone – 3. Plus500 – 4. XTB – 5. IC Markets – 6. Oanda – 7. Vantage FX – 8. FxPro – 9. CMC Markets – 10. Markets.com
Where is Paypal available in the world?
PayPal is available in over 200 countries. However, if you plan to deposit money into your forex trading account with PayPal, the availability depends on the broker you’re using.