Top 8 Best Paypal Forex Brokers 2020
Since the invention of the Personal Computer (PC) and the Internet, retail online trading expanded incredibly.
Every day new people get connected to the Internet for the first time, bringing a 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 on funding operation.
We’ve looked at a range of brokers and made a top eight best Forex brokers with PayPal list.
Check it now.
(This post is part of the top forex brokers list series)
Top 8 best Forex Brokers with PayPal 2020
Here’s our list of the major forex brokers that accept PayPal as a payment method.
1. eToro
eToro tops the list of best Forex brokers with PayPal. It is no wonder. With over a decade of experience in offering access to financial markets, it revolutionized the traditional money management industry. The PayPal option to fund or withdraw funds comes as complementary to the classical ways of doing banking with eToro.
- Regulations: eToro (Europe) Ltd. authorised & regulated by CySEC (# 109/10); Toro (UK) Ltd authorised & regulated by the FCA (583263); eToro AUS Capital Pty Ltd. authorised by ASIC (491139). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:400
- Minimum Deposit: Ranges between $200 to $10,000 depending on the region
- Platforms: Webtrader, mobile (iOS and Android)
- Headquarters: eToro (Europe) Ltd. is headquartered in Limassol, Cyprus
- US Customers: Yes, but US clients may have significant limitations. US customers will need to deposit a minimum of $10,000
- Other instruments: CFDs on indices, stocks, ETFs, commodities, bonds; cryptocurrency
2. FxPro
FxPro is known as a transparent and trustworthy broker. With 50+ awards to this date and well over half a million client accounts opened to date, FxPro is without a doubt within the list of Forex brokers with PayPal deposit option.
- Regulations: FxPro UK Limited authorised & regulated by the FCA (509956); FxPro Global Markets MENA Limited authorised & regulated by the DFSA (F003333); FxPro Financial Services Ltd authorised & regulated by CySEC (078/07) and the FSCA (45052); FxPro Global Markets Ltd authorised & regulated by the SCB (SIA-F184). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: NDD (subject to Order Execution Policy)
- Minimum Deposit: $100
- Platforms: MT4, MT5, cTrader, FxPro Edge (web platform)
- Headquarters: FxPro Group Limited is headquartered in Guernsey
- US Customers: No
- Other instruments: CFDs on futures, indices, shares, metals, energies; spread betting
3. Pepperstone
An Australian based company, Pepperstone proud with very tight spreads and fast execution. Pepperstone also provides trading solutions for both veteran and less experienced traders, being one of the leading brokers in the industry.
- Regulations: Pepperstone Limited authorised & regulated by the FCA (684312); Pepperstone Group Limited registered with ASIC (414530). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: ECN, Market Maker
- Leverage: 500:1 ASIC; 30:1 FCA
- Minimum Deposit: $ 200
- Platforms: MT4 (desktop, iPhone/iPad, Android), MT5 (desktop), cTrader (web platform, cAlgo, cTrader mobile)
- Headquarters: Pepperstone Group Limited is headquartered in Melbourne, Australia
- US Customers: No
- Other instruments: CFDs on indices, commodities, cryptocurrency
4. Plus500
As an international financial company active on the online trading services industry, Plus500 is a highly rated CFD (Contracts for Difference) provider. Topping the list under the criteria of Forex brokers PayPal withdrawal and deposit option, Plus500 proud with continued innovation and performant leadership.
- Regulations: Plus500UK Ltd authorised & regulated by the FCA (509909); Plus500CY Ltd authorised & regulated by CySEC (250/14); Plus500SG Pte Ltd licensed by the MAS (CMS100648-1) and IE Singapore (PLUS/CBL/2018); Plus500AU Pty Ltd licensed by ASIC (417727), the FMA (486026), and authorised by the South African FSP (47546). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:30
- Minimum Deposit: € 100
- Platforms: Web platform, desktop (windows), mobile apps (iPhone/iPad, Android, Windows phone)
- Headquarters: Plus500 Ltd. is headquartered in Haifa, Israel
- US Customers: No
- Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
5. Markets.com
With an award-winning platform to trade CFD’s, Markets.com couldn’t miss the Forex brokers that accept PayPal deposit list. Operated by Safecap, Markets.com offers thousands of free real-time quotes.
- Regulations: Safecap Investments Limited regulated by CySEC (092/08) and regulated by the FSCA (43906); Tradetech Markets (Australia) Pty Ltd licensed by ASIC (424008). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:300
- Minimum Deposit: $ 100, € 100 or £ 100
- Platforms: Web platform (web, Android and iOS mobiles and tablets)
- Headquarters: Safecap Investments Limited is headquartered in Nicosia, Cyprus
- US Customers: No
- Other instruments: CFDs on metals, energies, indices, commodities, bonds, shares, ETFS, blends, cryptocurrency, IPOs
6. XTB
Voted as the highest rated FX and CFD broker, XTB is among the Forex brokers that use PayPal as an option to deposit and withdraw funds. Offering access to over one and a half thousand markets, XTB is one of the leading brokers in the financial services industry.
- Regulations: XTB International Limited authorised & regulated by the IFSC (IFSC/60/413/TS/17); XTB Limited authorised & regulated by the FCA (522157) and by CySEC (169/12); X-Trade Brokers DM SA authorised & regulated by the KNF; XTB Sucursal authorised & regulated by the CNMV. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker
- Leverage: 1:200
- Minimum Deposit: £ 250, € 250 or $ 250
- Platforms: MT4, xStation 5
- Headquarters: XTB Group is headquartered in Warsaw, Poland
- US Customers: No
- Other instruments: CFDs on stock indices, commodities, ETFs, cryptocurrency
7. IC Markets
With a mission to offer outstanding trading conditions, IC Markets has over one million registered trading accounts. Offering access to a large number of markets, IC Markets tries to differentiate as a global authority in Forex.
- Regulations: International Capital Markets Pty Ltd. licensed by ASIC (AFSL no. 335692). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker, ECN, STP
- Leverage: 1:500
- Minimum Deposit: $ 200
- Platforms: MT4, MT5, MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, cTrader, cTrader Web, cTrader Android, cTrader iPhone/iPad, cTrader cAlgo
- Headquarters: International Capital Markets Pty Ltd. is headquartered in Sydney, Australia
- US Customers: No
- Other instruments: CFDs on indices, commodities, stocks, futures, bonds, cryptocurrency
8. Oanda
With many years of industry experience, Oanda is among the most respected PayPal Forex brokers. Offering guaranteed stop loss and multiple price views, Oanda is one of the most recognized names in the financial industry.
- Regulations: OANDA Corporation registered with the CFTC and member of the NFA (0325821); OANDA (Canada) Corporation ULC regulated by ILROC; OANDA Europe Limited authorised & regulated by the FCA (542574); OANDA Asia Pacific Pte Ltd licensed by MAS; OANDA Australia Pty Ltd regulated by ASIC (412981); OANDA Japan Co., Ltd FFA subscriber (1571). (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
- Type: Market Maker, agency
- Leverage: 1:50
- Minimum Deposit: No minimum deposit required
- Platforms: MT4 (desktop, iOS, Android), OANDA’S desktop platform, mobile platform (iPhone, iPad, Android)
- Headquarters: OANDA Corporation is headquartered in New York City, USA
- US Customers: Yes (but are unable to trade CFDs)
- Other instruments: CFDs on indices, commodities, bonds, metals; spread betting
Conclusion
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 overnight.
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.
