Best Paypal Forex Brokers 2023

In this guide, we have created our top 10 forex brokers that include PayPal as a payment method.

To compile the list, we have taken the following factors into account:

• In which area PayPal is available
• Any fees associated with PayPal
• The processing time for PayPal payments
• The currencies available

Round-up

Review

Here’s our top 10.

1. eToro

• The eToro minimum deposit with PayPal is $200 though the amount may vary according to your position.
• You can deposit EUR, GBP, and USD with PayPal though eToro only offers the USD as a base currency, and you may incur a small conversion fee if you deposit another currency.
• PayPal deposits may take up to 7 business days to reach your eToro trading account.
• Withdrawing funds through PayPal doesn’t have any other fee with eToro apart from the flat $5 fee.

Visit eToro
(79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money)

2. Pepperstone

• PayPal and other e-wallets are made available with Pepperstone if you reside outside the EU.
• Your first deposit with PayPal requires up to 2 business days to reach your Pepperstone account. Subsequent payments will be processed instantaneously.
• There is a Pepperstone minimum deposit of $5 if funding with PayPal.
• PayPal withdrawals with Pepperstone may require up to 3 business days.
• There are no fees from Pepperstone if you choose PayPal as your deposit and withdrawal method.

Visit Pepperstone
(75.9% of retail CFD accounts lose money)

3. FxPro

• PayPal is facilitated only under the CySEC-regulated entity of FxPro.
• PayPal deposits and withdrawals are fee-free with FxPro.
• Making a deposit with PayPal will take usually 10 minutes to reach your FxPro account.
• Withdrawing your funds from FxPro through PayPal takes up to one working day.

Visit FxPro
72.87% of retail CFD accounts lose money

4. XTB

• PayPal is an available payment method for all XTB traders who reside within Europe.
• XTB allows PayPal deposits in EUR, USD, and some other European currencies.
• There is a fee of up to 2% when funding your XTB account with PayPal, though this depends on your country of residence.
• XTB deposits through PayPal are generally instant.

Visit XTB
79% of retail CFD accounts lose money

5. IC Markets

• Only traders from outside Europe can avail of PayPal to fund their IC Markets trading accounts.
• PayPal deposits are generally instant with IC Markets.
• IC Markets accepts the following currencies when funding with PayPal: AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, and CHF.
• IC Markets withdrawals are free of charge with PayPal and are also instant once processed.

Visit IC Markets
(74-89% of retail CFD accounts lose money)

6. Oanda

• PayPal deposits are available with Oanda according to your position.
• Funding your Oanda account with PayPal may take up to one business day.
• Oanda withdrawals are also very fast with PayPal requiring only one business day as well.
• Oanda accepts only EUR, GBP, and USD with PayPal.

Visit Oanda
73.5% of retail CFD accounts lose money

7. Admirals

• Admirals allows PayPal as a funding option only to UK traders under FCA regulation.
• The accepted currencies for funding your Admirals account with PayPal are EUR, USD, GBP, CHF, PLN, HUF, CZK, SEK, AUD, and SGD.
• The minimum amount to deposit with PayPal is $50 while the maximum amount accepted by Admirals is $15,000.
• Regarding Admirals withdrawals with PayPal, the minimum amount is $1 while the maximum amount is $10,000.
• No fees come by depositing with PayPal while there is a 1% fee on withdrawals for a minimum of $1, even though Admirals enables 1 free withdrawal request every month.

Visit Admirals
76% of retail CFD accounts lose money

8. CMC Markets

• Among the available payment methods, PayPal is only available to CMC Markets traders from outside Europe.
• PayPal deposits with CMC Markets are generally instant.
• PayPal withdrawals with CMC Markets may take up to 3 business days to reach your account.
• The base currencies available for a PayPal deposit with CMC Markets vary according to your position but GBP, EUR, USD, AUD, and CAD are generally accepted.

Visit CMC Markets
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

9. Markets.com

• PayPal is available only to traders operating with the CySEC-regulated branch of Markets.com.
• The Markets.com minimum deposit with PayPal is $100.
• Most currencies are accepted by Markets.com for funding your account through PayPal including USD, EUR, GBP, and AED.
• Processing times with PayPal are generally elaborated by Markets.com for up to 2 business days for deposit and up to 7 business days for withdrawal.

Visit Markets.com
79,90% of retail CFD accounts lose money

10. Plus500

• Funding your Plus500 account has a minimum deposit of $100 with PayPal.
• Plus500 provides a fee-free environment that covers any PayPal fee as well.
• The processing time for a PayPal deposit to reach your Plus500 is around 3 business days.
• If you withdraw less than $50 from your Plus500 account with PayPal you may be charged a small fee.

Visit Plus500
(77% of retail CFD accounts lose money)

Best Paypal forex brokers offering MT4

MT4 is undoubtedly one of the most well-known among both users and brokers 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 allows you to use your PayPal account as a payment method to fund your trading.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

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 broker’s 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 CMC Markets is best suited for stock broking.

Don’t just take our word for it though, check out our post on the best Forex Brokers in Canada for more details.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

How to deposit money in your trading account with PayPal

Now that you have had a look at some of the best brokers that accept PayPal payment methods, 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 done.

Forex broker PayPal withdrawals

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.

How to get verified on PayPal for Forex Trading

Here are the steps you will need to follow if you want to get PayPal verified with your forex broker including making deposits and withdrawals.

STEP 1: Choose a PayPal Forex Broker.

The very first and best place to have a look would be our Top 10 above.

This will help you choose a great broker where PayPal is accepted for trading.

STEP 2: Create your PayPal Account.

If you don’t already have one, then this would be a perfect time to start a PayPal account. Opening one is quick and easy. You will need to fill out some personal information like your name, surname, nationality, address, date of birth, and a few other things.

With this done you will be able to verify the account by clicking a link in the email PayPal sends you, or by verifying your phone number with a unique pin number they can also send you.

STEP 3: Link your Bank Account to your PayPal Account.

With your PayPal account open and verified can link it to your bank account. To do this simply visit your account and click the link from your page to “link a bank account’ and enter the requested information which can be done manually or automatically depending on your bank.

If you choose the manual process then typically PayPal will make two small deposits within 3 working days to your account. These will be between $0.01 to $0.99 with some banks consolidating them, into one amount. Once you see these you can return to your PayPal account, click the bank account you want to confirm, and enter the amounts as you see them in your account.

STEP 4: Confirm your Credit Card or Debit Card with your PayPal Account.

The next step in the process will be the confirm a credit or debit card on your PayPal account. This will then prove you are the holder of the card linked to your account. This requires a unique 4 digit code to verify.

PayPal will make a small charge to your selected card, this can be refunded when the card is confirmed. Alongside this charge on your card statement, you will see 4 digits next to the word PayPal. This is your unique code. When you see this you can simply log back into your PayPal account and input the code.

STEP 5: Open your trading Account and Verify your identity.

As soon as your PayPal account is verified and linked up with a card or bank account you will be able to open a forex trading account and link it with your PayPal.

Before opening an account, particularly as a new trader, you may like to try a demo account which most brokers offer to simulate a real trading environment, but risk-free using virtual currency.

Our best forex demo account top ten can help you find some of the very best demo accounts to try.

When you are ready to open your live account the process is easy, you will just need some personal information along with documents to prove your identity (Passport is great), and your residence (Bank statement or utility bill). With these uploaded your account can be open in no time.

PayPal forex brokers: pros and cons of this payment method