Best Forex Brokers That Accept Paypal

Forex Broker Max Leverage Min. Deposit Spread Full Reviews Trade Now
pepperstone logo
500:1
$200
From 0.0 Pips
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ic markets
500:1
$200
From 0.0 Pips
trade now
xtb
200:1
$0
From 0.1 Pips
Read the full review
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fxtm logo
1000:1
$10
From 0.1 Pips
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xm
500:1
$5
From 0.0 Pips
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easy markets logo
400:1
$100
From 1.8 Pips
trade now
admiral logo
500:1
$200
From 0.0 Pips
trade now
avatrade logo
400:1
$100
From 0.8 Pips
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Max Leverage: 500:1

Min. Deposit: $200

Spread: From 0.0 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 500:1

Min. Deposit: $0

Spread: From 0.0 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 400:1

Min. Deposit: $0

Spread: From 0.0 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 500:1

Min. Deposit: $0

Spread: From 0.1 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 500:1

Min. Deposit: $200

Spread: From 0.0 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 400:1

Min. Deposit: $100

Spread: From 1.8 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 500:1

Min. Deposit: $200

Spread: From 0.1 Pips

Full Reviews: Read the full review

trade now

Max Leverage: 500:1

Min. Deposit: $100

Spread: From 0.0 Pips

Full Reviews: Read the full review

trade now

What is PayPal?

PayPal Holdings, Inc. is an American company operating a worldwide online payment system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. The company operates as a payment processor for online vendors, auction sites, and other commercial users. The fees are commonly low and are charged for benefits such as one-click transactions or password memory.

Most people living in the modern world have probably stumbled across PayPal at some point in their lives. PayPal is arguably one of the most convenient forms of payment in the contemporary world. Anyone, including PayPal forex brokers, who has used this online payment system will have to admit that it is not only fast but also easy to use. PayPal has grown to a giant within the financial services industry and currently has over 240 million registered user accounts.

PayPal itself defines their service as an online service that allows you to make payments, send money as well as accept payments from other people without compromising your personal financial information. It can be used for business as well as personal needs.

Most sophisticated forex brokers have adopted PayPal transactions and have integrated them into their payment systems.

Are there any disadvantages of using PayPal as a trader?

Due to its low fees and the fact that PayPal can be used to transfer funds immediately to your own trading account, it’s a great solution for the modern trader.

The company imposes different commissions and fees in each transfer of funds that you make that can reach 3% of the total amount transacted. Other charges may apply as well, and unfortunately, their foreign exchange rates are also pretty bad.

There are no fees or costs when you withdraw funds from your trading account to your PayPal wallet if the account currencies match. As an example, if your trading account is in US dollars and you also hold a US dollar wallet with PayPal, the costs for cashing out the money from your trading account are zero (unless the broker you trade with applies fees). However, once you want to send these funds to your local bank account, you may be charged high fees and also unfavourable currency exchange rates.

Another setback is that PayPal’s updated user agreement policies highlight that forex trading is not covered by Purchase Protection. This means that chargebacks are not available for forex trading. PayPal’s user agreement policies describe that stock and CFD trading, similar to gambling or iGaming, is a service and requires entry payments. Therefore, it is excluded from those activities that are eligible for a reimbursement.

Find The Best PayPal Forex Brokers for your needs

To help you find the Forex broker that is best suited to your needs, take a look at our comparison table and ranking of the best Forex brokers that accept PayPal above. If you require more in-depth information or are looking for more brokers to choose from, check out our detailed individual broker reviews and additional comparison tables.

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