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There are a number of online forex brokers that accept deposits and withdrawals through the PayPal payment system.

This is because PayPal offers a great deal of convenience for transferring funds over the Internet and is widely accepted in Canada, the United Kingdom and the USA.

Top 8 Best Paypal Forex Brokers 2019

Typically, the forex companies that allow deposits and withdrawals through PayPal have good market standing. Traders can trust these companies to a great extent.

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The aim of this article is to provide you with some information about a few of the best forex brokers that accept payments through the PayPal system. The basic information provided here will help you to start your research and decide as to which one of them you can work with in order to achieve your financial goals.

List of Top Recommended Paypal Forex Brokers 2020

What Is PayPal

The American company PayPal Holdings, Inc.

PayPal Forex Brokers 2020

operates an online payments system, which serves as an electronic alternative to traditional methods such as money orders and checks. PayPal, one of the largest Internet payment systems in the world, processes payments for auction sites, online vendors and other users of commerce for a small fee.

PayPal was established in 1998 and its initial public offering was in 2002.

The e-wallet became eBay’s wholly owned subsidiary in the same year. PayPal moves hundreds of billion dollars over 190 nations in 26 currencies.

List of Top Recommended Paypal Forex Brokers 2020

In 2015, PayPal became an independent company and the company implemented the second public offering.

Why Do Forex Brokers Offer the PayPal Payment Option

Forex brokers make available the PayPal payment option to their clients because it enables them to deposit funds into and withdraw money from their currency trading accounts quickly, efficiently and at a low cost.

Generally, forex brokers do not charge any fee for these transactions, but PayPal charges a small fee of about 3 percent for receiving funds and transferring money to client’s accounts.

There are several benefits to using PayPal.

These are as follows:

PayPal is faster compared to other fund transferring options such as bank wires and credit cards. This means that you can fund your forex trading account in a shorter period of time.

Why you need to use PayPal Forex brokers

Forex brokers also find it a convenient option for processing your deposits.

PayPal is secure as you are not required to share your credit card details with the forex broker you are planning to work with.

Personal information provided by you to PayPal will be secure whenever you execute a transaction through the payment system.

PayPal is more reliable because funds transferred by you will definite reach the trading account you have opened with your chosen forex broker.

All that you have to do is verify your account balance with the forex broker within 24 to 72 hours after completing the transaction. If the money transferred by you is not reflected in your trading account, you can claim a refund with PayPal.

PayPal enables speedy withdrawals as in the case of a deposit.

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The online payment system is a convenient option for forex brokers to process withdrawal requests. This is because the waiting period is the lowest when using the e-wallet for the purpose of withdrawing funds from your forex trading account.

PayPal is inexpensive as the cost is either less or the same when compared to other deposit/payment options.

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Some forex brokers even offer to refund the fee you pay to PayPal.

Recommended Best Online Forex Brokers That Accept PayPal

#1: Pepperstone

Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company had its headquarters located in Melbourne, Australia.

The company has offices in Shanghai, China and Dallas, USA.

Broker Type – Electronic Communication Network/Straight Through Processing and Direct Market Access/Straight Through Processing
Regulation – Australian Securities and Investments Commission (ASIC)
Platforms – MetaTrader4, cTrader
Minimum Deposit – $200
Deposit Options – Bank Wire, Debit Card, Credit Card, WebMoney, Neteller, FasaPay, Skrill, BPAY, POLi, QIWI, PayPal, UnionPay(China), etc.
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 0.5 pip for Mini and Standard; more than 0.1 pip for ECN

#2: AvaTrade

AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders.

Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe.

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The total value of trades surpasses $60 billion in a month.

Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

#3: Plus500

Plus500 forex trading platform is provided by Plus500CY Ltd., which is a company based in Cyprus and the headquarters in Limassol.

This broker is authorized as well as regulated by the Cyprus Securities and Exchange Commission.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Deposit Options: Bank Wire, PayPal, Credit Card, Skrill, etc.
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 2

#4: eToro

eToro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks.

More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website.

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Founded in 2006 in Tel Aviv, the multi-asset brokerage company has registered offices in Israel, the United Kingdom and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduit Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC)
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Deposit Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 3