The best Forex brokers offering Paypal are Pepperstone, FxPro, XTB, and IC Markets.
To choose the best Forex broker to trade with Paypal, Paypal availability to all traders, trading costs (spreads and commissions), platform and tools, execution speed, and customer support are the most important criteria.
Pepperstone is the best Forex broker overall offering Paypal, for minimum deposit of $5 with paypal, spreads (0.1 pips on EUR/USD), fast execution (average 60ms), comprehensive platform (MetaTrader, cTrader, TradingView and Proprietary Platform), and active customer support (24/5 availability).
FxPro, XTB, and IC Markets follow Pepperstone as the best Paypal Forex brokers that support paypal for all traders, with platform and tools (MT4, MT5, cTrader and Proprietary platforms), and customer support (24/5 availability via phone, email, and chat). FxPro offers trading costs with fixed spreads from 1.6 pips on EUR/USD with a high execution speed. XTB offers trading costs with spreads of 0.6 pips on EUR/USD with an execution speed of 60 ms approximately. IC Markets offers trading costs with spreads from 0.1 pips along a commission of $7 per lot round turn on EUR/USD with an execution speed of 36.5 ms approximately.
Round-up
| PayPal Forex Brokers | PayPal Deposit Fees | PayPal Deposit Processing Time | PayPal Withdrawal Fees | PayPal Withdrawal Processing Time |
|---|---|---|---|---|
| Pepperstone | $0 | Instant | $0 | Up to 3 business days |
| FxPro | $0 | Up to 10 minutes | $0 | Up to 1 business days |
| XTB | Up to 2% | Instant | $0 | Up to 3 business days |
| IC Markets | $0 | Instant | $0 | Instant |
| Oanda | $0 | Up to 1 business day | $0 | Up to 1 business days |
| Admirals | $0 | Instant | Up to 1% | Instant |
| CMC Markets | $0 | Instant | $0 | Up to 3 business days |
| Markets.com | $0 | Up to 7 business days | $0 | Up to 7 business days |
| Plus500 | $0 | Up to 1 business day | $0 | Up to 3 business days |
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.
What are the best PayPal forex brokers?
Below our curated list of the best forex brokers that accept PayPal deposits and withdrawals, complete with comprehensive details about their standout features and attributes.
Pepperstone
Pepperstone offers PayPal for clients outside the EU. Initial deposits via PayPal take up to two days, while subsequent ones are instant. No fees are applicable, and withdrawals require up to three days.
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About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- 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.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,10 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
FxPro
FxPro supports PayPal fee-free under CySEC regulation. Deposits via PayPal reach accounts in 10 minutes, and withdrawals take up to one day, ensuring quick and cost-effective transactions.
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About FxPro
FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.
FxPro Features
The features of FxPro are listed below.
- 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.
FxPro Pros and Cons
Advantages of FxPro
The advantages of FxPro are listed below.
- Regulated and Trusted Forex broker
- Diverse Trading Platforms
- Wide Range of Instruments
Disadvantages of FxPro
The disadvantages of FxPro are listed below.
- Inactivity Fee
- Limited Educational Resources
- No Guaranteed Stop-Loss Orders
XTB
XTB enables PayPal for European residents, allowing instant deposits in EUR, USD, and others, with a fee up to 2% depending on location, ensuring quick access to funds.
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About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- 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.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
IC Markets
IC Markets supports PayPal for traders outside Europe, with instant deposits and withdrawals in various currencies such as USD, EUR, and GBP, offering seamless transactions at no extra charge.
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About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- 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.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
Oanda
Oanda offers PayPal deposits and withdrawals, taking up to one business day. Transactions are limited to EUR, GBP, and USD, ensuring fast and efficient processes for users.
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About Oanda
OANDA is a global multi-asset broker founded in 1996, offering trading on forex, CFDs, commodities, indices, and cryptocurrencies. OANDA provides proprietary platforms and API solutions. OANDA is regulated by multiple authorities including FCA, ASIC, and MAS. OANDA is known for competitive spreads, fast execution, and currency data services. OANDA serves both retail and institutional clients worldwide. The Oanda Chief Executive Officer is Gavin Bambury since August 2019.
Oanda Features
The features of Oanda are listed below.
- 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.
Oanda Pros and Cons
Advantages of Oanda
The advantages of Oanda are listed below.
- Comprehensive Platforms
- Robust Education
- Highly Regulatory Trust
Disadvantages of Oanda
The disadvantages of Oanda are listed below.
- Higher Spreads
- Proprietary Platform Limitations
- Inactivity Fees
Admirals
Admirals permits PayPal for UK traders under FCA regulation. It supports multiple currencies with no deposit fees and allows one free withdrawal monthly, though subsequent ones incur a 1% fee.
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About Admirals
Admirals, formerly Admiral Markets, is a global forex and CFD broker founded in 2001. Admirals offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader platforms. Admirals is regulated by multiple authorities including CySEC and FCA. Admirals is known for competitive spreads and extensive educational resources. Admirals recently halted onboarding of new EU clients to comply with regulatory standards. The co-founder of Admirals and CEO of Admirals Group is Alexander Tsikhilov.
Admirals Features
The features of Admirals are listed below.
- 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.
Admirals Pros and Cons
Advantages of Admirals
The advantages of Admirals are listed below.
- Extensive Forex Options
- Strong Regulatory Framework
- Advanced Educational Resources
Disadvantages of Admirals
The disadvantages of Admirals are listed below.
- Charges Inactivity Fee
- Mobile App Limitations
- Higher Average Spreads for Some Assets
CMC Markets
CMC Markets accepts PayPal for traders outside Europe, offering instant deposits and withdrawals within three days in various major currencies, ensuring timely transactions.
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About CMC Markets
CMC Markets is a global online financial trading company founded in 1989 and headquartered in London. CMC Markets offers trading on forex, indices, commodities, cryptocurrencies, and shares through CFDs and spread betting. CMC Markets provides proprietary and MetaTrader platforms for desktop, web, and mobile. CMC Markets is regulated by multiple authorities including FCA, ASIC, and BaFin. CMC Markets is listed on the London Stock Exchange. The CMC Markets CEO is Lord Peter Cruddas.
CMC Markets Features
The features of CMC Markets are listed below.
- 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.
CMC Markets Pros and Cons
Advantages of CMC Markets
The advantages of CMC Markets are listed below.
- Regulatory Trust
- Low Trading Costs
- Extensive Trading Platform
Disadvantages of CMC Markets
The disadvantages of CMC Markets are listed below.
- Complex Fee Structure
- Limited Funding Options
Markets.com
Markets.com allows PayPal for CySEC-regulated accounts with a minimum deposit of $100. Wide currency support and processing within two business days facilitate user convenience.
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About Markets.com
Markets.com is a global online broker established in 2008, offering trading on forex, stocks, indices, commodities, and cryptocurrencies through CFDs. Markets.com provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. Markets.com is regulated by multiple authorities including CySEC, FCA, ASIC, FSCA, and FSC. Markets.com is known for its extensive educational resources and AI-powered trading insights. The Markets.com parent company “Finalto Group” CEO is Matthew Maloney.
Markets.com Features
The features of Markets.com are listed below.
- 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.
Markets.com Pros and Cons
Advantages of Markets.com
The advantages of Markets.com are listed below.
- High Trust Score
- Wide Range of Trading Platforms
- Comprehensive Educational Resources
Disadvantages of Markets.com
The disadvantages of Markets.com are listed below.
- Above Average Spread Costs
- Limited Payment Options
Plus500
Plus500 provides a fee-free PayPal environment with deposits processed in around three days. A minimum deposit of $100 is required, and small fees may apply for withdrawals under $50.
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About Plus500
Plus500 is a global fintech company founded in 2008, offering online Futures trading services in different markets such as Agriculture, Cryptocurrencies, Metals, Commodities, Forex, Interest Rates, Energy and Equity Indices. Plus500 provides proprietary web and mobile trading platforms. Plus500 is regulated by multiple top-tier authorities including FCA, ASIC, and CySEC. Plus500 is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The Plus500 CEO is David Zruia since April 2020.
Plus500 Features
The features of Plus500 are listed below.
- 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.
Plus500 Pros and Cons
Advantages of Plus500
The advantages of Plus500 are listed below.
- Well-regulated CFD provider
- Over 2000 tradable CFDs
- Unlimited demo account offered
Disadvantages of Plus500
The disadvantages of Plus500 are listed below.
- Limited Regulatory Protections for Professionals
- Inactivity fees
- Limited deposit methods
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.
| MT4 PayPal Forex Brokers | Minimum Deposit | MetaTrader4 Platform |
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| Pepperstone | $200 | Webtrader, Desktop, Mobile |
| IC Markets | $0 | Desktop |
| Oanda | $0 | Desktop |
| Admirals | $100 | Webtrader, Desktop, Mobile |
| FxPro | $100 | Webtrader, Desktop, Mobile |
| CMC Markets | $0 | Desktop |
| Markets.com | $100 | Webtrader, Desktop, Mobile |
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.
| Canada PayPal Forex Brokers | Minimum Deposit | Regulated by |
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| CMC Markets | $0 | FCA, MAS, FMA, ASIC, IIROC |
| Oanda | $0 | ASIC, FCA, IIROC, NFA, MAS, FSA |
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.
How do Forex Brokers PayPal withdrawals work?
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.
Pros and cons
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