Best Paypal Forex Brokers 2022
At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.
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!
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
Table of contents
Round-up
| PayPal Forex Brokers | Best For | Minimum Deposit |
|---|---|---|
| eToro | Social Trading | $200 |
| Pepperstone | Overall Trading Experience | No minimum deposit |
| Plus500 | CFD Trading | $100 |
| XTB | Education | No minimum deposit |
| IC Markets | Scalpers | No minimum deposit |
| Oanda | Beginners | No minimum deposit |
| Vantage FX | Experts | $100 |
| FxPro | Award winning service | $100 |
| CMC Markets | CFD stock trading | No minimum deposit |
| Markets.com | Transparency | $100 |
Top 10 PayPal Forex Brokers: 2022 review
Here’s our top 10.
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 banking with eToro. Regardless of the deposit method you utilize, there is a $200 minimum deposit with eToro.
eToro is a really popular choice among new traders, both for the very user-friendly trading platform on offer, and also for the unlimited free demo account they provide for you to learn the ropes risk-free. The USD as a base currency is supported, and you may incur a small fee if you deposit another currency, though this fee and others can be eliminated or reduced if you join the excellent eToro club program that can reward your trading.
2. 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. They offer a choice between two distinct account types, the Standard, and ECN Razor account which is favorable for the lightning fast execution speed.
The minimum deposit with Pepperstone is an affordable $200 and the spreads make for very attractive reading to all traders. These start from 0 pips and can be further reduced along with other savings through the Pepperstone active trader program. If social trading is your thing, this too is offered by Pepperstone to excellent effect.
3. Plus500
As an international financial company active in the online trading services industry, Plus500 is a highly rated CFD (Contracts for Difference) provider. Topping the list under the criteria of CFD providers PayPal withdrawal and deposit option, Plus500 proud with continued innovation and performance leadership. This is a top choice for many traders as they present the opportunity to trade with both fixed and variable spreads, and with no minimum deposit to worry about at all.
As well as accessible PayPal deposits, new traders can also avail of a demo account to get to know the very user-friendly trading platform on offer. Combining this with the completely commission-free model of Plus500, which includes both deposit fees, and PayPal fees covered, makes it a very attractive choice for experienced traders on the lookout for a value for money, top trading CFD provider.
4. 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. Many forex traders are further attracted to XTB thanks to their no minimum deposit policy. This can be particularly beneficial to new traders in the sector.
Experienced traders alike can benefit from the large range of assets that XTB makes available for trading, 5,200 instruments in total. Of this catalogue, there is typically something to suit all trading styles and levels with 48 forex pairs, and a large number of crypt assets, 25 in total, available to choose from. Value is another key focus that has maintained XTB at the head of the industry, and this is demonstrated through an excellent spread value starting from just 0.1 pips on forex.
5. 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. If you are looking for PayPal deposits with IC Markets, then they are facilitated through the ASIC regulatory area of the broker.
IC Markets have cultivated a strong reputation over many years, much of this centering on being a great broker for forex trading. Forex traders in particular are fans of the fast, efficient trade execution on offer as well as the great value spread that starts from only 0.1pips. IC Markets have no minimum deposit so they are also a popular starting point for new traders, and those into CFDs trading with markets available on indices, commodities, stocks, futures, bonds, and cryptocurrencies.
6. 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. This is expected since they have been operating for decades since 1996. This level of experience has made them a trusted and popular choice among new and experienced traders alike.
New traders are enticed by the excellent low minimum deposit that starts from nothing, and the fact that you can open trades for as low as $1 makes it very easy to get into forex trading with Oanda with very low levels of risk. The cost of trading too represents great value to start trading with such a top name, trusted broker. The Canadian cornerstone of the industry starts spreads from a very low 1 pip on many assets.
7. Vantage
Another of our top choices from brokers who facilitate PayPal deposits, is Vantage. They are a top Australian forex broker regulated around the world by ASIC, the FCA, and CIMA. They make PayPal deposits available in a range of 8 currencies, and offer the service fee-free to traders. There are two account types to choose from once you have made your deposit.
The Raw ECN account is available for a minimum deposit of $500, while the Pro ECN account minimum deposit increases to $20,000 for the high-volume traders. Trading with Vantage is made available through two of the most trusted trading platforms in the industry in the form of MT4, and MT5. The range of markets available also does not disappoint. As a trader, you can choose from more than 150 CFDs and 40 forex pairs to trade with a forex spread starting from rock bottom at 0 pips.
8. 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. They are well-decorated too with a host of more than 60 awards won across their time in the industry.
The minimum deposit at FXPro is kept to a very reasonable £100 which also makes it quite easy for traders to get started. Coupled with the fact that PayPal deposits are fee-free here and you can see why FXPro remains a top choice. PayPal deposits are facilitated under CySEC regulation, and spread-betting is also available if you are within the UK or Ireland through the FXPro Edge platform. The spreads with FXPro are also top value starting from 0 pips while fixed spread trading is accessible through the MT4 trading platform.
9. CMC Markets
CMC Markets are another leading and long standing broker that make PayPal available to their traders for deposit. They are based in London and are one of the longest serving, and most trusted brokers, having been around since 1989. They have remained a top choice for traders throughout this time, with their no minimum deposit attracting many.
They have been and are known as a great choice for those trading forex, with a spread starting from a very low point at 0.3 pips on the MT4 trading platform with no commission to worry about. They are perfect for new traders in that they have a very extensive and well utilized education area with a lot of useful content. The high volume traders too like to choose CMC Markets to benefit from some of the generous cash rebates available to reward active trading.
10. 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. To that end, they are well known as one of the top international forex brokers in the sector.
Their unlimited demo account helps to attract many newer traders in learning the ropes at no risk, and these traders usually stay and join the experienced community in trading a great wealth of assets, more than 2,000 in total that are available. This includes over 70 forex pairs at a great starting spread of 0.5 pips for trading through MT4, or MT5 platforms. PayPal deposits are of course available throughout, as are rollover-free accounts if you require them as an Islamic trader. Markets.com works hard to cater for everyone.
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.
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
| MT4 PayPal Forex Brokers | Minimum Deposit | MetaTrader 4 platform |
|---|---|---|
| Pepperstone | $200 | Webtrader, Desktop, Mobile |
| IC Markets | $0 | Desktop |
| Oanda | $0 | Desktop |
| Vantage | $200 | Desktop |
| 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 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.
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
| Canada PayPal Forex Brokers | Minimum Deposit | Regulated by |
|---|---|---|
| Vantage | $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
Pros
- 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
Cons
- 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
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.
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 – 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.
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