Best PayPal Forex Brokers 2021

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CNMV in Spain, CySEC, FCA, IFSC, KNF

Market Maker, STP

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Your capital is at risk

IRESS, MT4, MT5, WebTrader

DMA, ECN, No dealing desk, STP

Your capital is at risk

72% of retail CFD accounts lose money

ASIC, CySEC, FCA, FSB, ISA, MAS

No dealing desk

72% of retail CFD accounts lose money

67% of retail CFD investors lose money

ASIC, CySEC, FCA, MiFID

Market Maker, No dealing desk, STP

67% of retail CFD investors lose money

Here’s a list of Best Paypal accepting brokers:

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

Regulated By: CNMV in Spain, CySEC, FCA, IFSC, KNF

Foundation Year : 2002

Headquarters : Warsaw, Poland

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XTB is an award-winning CFD platform that supports Forex, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. For Forex, XTB supports 48 currency pairs with low-cost spreads. Customers of XTB can choose between trading on the xStation 5 or MT4 platforms. For leverage accounts, this brokerage offers leverage of up to 200:1.

Stock and ETF CFDs all attract a fixed commission of 0.08% per lot across the two types of accounts.

XTB was founded in 2002 with headquarters in Warsaw. It is regulated in markets across Europe by the IFSC, FCA, KNF, and CySec. XTB has a free demo account and a Trading Academy set of courses for beginner and intermediate traders.

• Choose between two excellent trading platforms (xStation 5 or MT4 platforms)
• A collection of 3000+ trading instruments across six asset classes
• Low spreads

• Fewer Forex pairs than some top competitors
• No 24/7 support

FP Markets

Regulated By: ASIC, CySEC

Foundation Year : 2005

Headquarters : Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit : $100

Your capital is at risk

FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.

FP Markets also offers a range of education and market analysis resources through the Traders Hub which includes technical analysis and fundamental analysis articles and videos, as well as, trading ebooks and video tutorials. Users can access live support via telephone, email and live chat 24 hours a day, 5 days a week.

• ASIC regulated.
• ECN pricing and DMA trading available.
• 10,000+ tradable financial instruments.
• Wide range of trading platforms and trading tools available.
• Excellent customer support and education tools.

• The volume of choice of markets and accounts may be overwhelming for beginner traders.

Plus500

Regulated By: ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year : 2008

Headquarters : Building 25, MATAM, Haifa, Israel

Min Deposit : $100

72% of retail CFD accounts lose money

Plus500 was founded in 2008 and is the main sponsor of football club Atlético Madrid. The Plus500 trading platform is offered by Plus500 Ltd which is authorised and regulated by the UK Financial Conduct Authority and is also a subsidiary of Plus500 Ltd which is a publicly-traded company listed on the London Stock Exchange.

The CFD broker’s trading platform is available for clients in more than 50 countries and is authorised and regulated around the world by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS) and the Israel Securities Authority (ISA), among others.

• Multiple regulations from around the world – FCA, CySEC, ASIC, MAS, ISA.
• More than 2,500+ CFDs to trade on, covering multiple asset classes.
• Commission-free trading.
• Simple to use proprietary trading platform.
• Multilingual customer support 24/7.

• No phone support offered.
• Lack of market news and trader education.

eToro

Regulated By: ASIC, CySEC, FCA, MiFID

Foundation Year : 2007

Headquarters : Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit : $200

67% of retail CFD investors lose money

eToro is an online trading platform that was founded in 2007 by the Assia siblings and their friend David Ring in Tel Aviv, Israel. Formerly known as RetailFX, eToro is the pioneering online broker for social trading. Their Openbook social trading platform in fact changed the nature of the way beginner online traders can trade the financial markets. It made the markets accessible to everyone, no matter what their level of experience by creating a user-friendly environment and allowing traders to copy the trades of other traders’ strategies automatically.

• Highly regulated broker (FCA, CySEC and ASIC)
• Innovative trading platform
• Wide range of assets to trade with
• Ability to earn 2% management fee as an Investor trader

• Spreads are higher than average
• Does not have the MetaTrader platform

Introduction: What is PayPal?

PayPal is an electronic means of exchange, which enables people from all over the world to pay for goods and services online as well as transfer money in electronic form. The company was founded in 1999 by a team of programmers that include Elon Musk, who is now the CEO of Telsa Motors and SpaceX Technologies. PayPal enables users to perform transactions using the PayPal digital wallet as well as the PayPal credit card processing system.

Why Use PayPal as Your Deposit/Withdrawal Method?

PayPal offers an electronic method of making instant deposits and same-day withdrawals. You can use the digital wallet (which is funded by a credit or debit card attached to your bank account), or you can use the card processing service to handle transactions from any debit cards issued by third-party companies (such as the prepaid cards issued by the forex brokers themselves).

This method is very good for traders who want to get instant transactions processed to start trading forex, but are not willing to compromise the privacy of their card or details by entering them into the forex brokers website.

Benefits of Choosing a Broker that Accepts PayPal

PayPal presents an instant and secure way of depositing and withdrawing funds from a forex trading account. The emphasis here is on security, because PayPal presents several user authentication processes to ensure that any transaction on a forex account using PayPal is being done by the owner of the account only.

Apart from security, the PayPal digital wallet also offers a fast means of depositing and withdrawing funds, as all transactions are done in an instant.

PayPal also maintains a multi-currency platform (25 currencies supported), so there is no need to perform an offline currency exchange even if the PayPal account currency is different from the currency in which the trading account is maintained. PayPal handles the conversion for a very small fee.

How to Pick A Decent Broker With PayPal

The greatest issues with PayPal are as follows:

1. a) The PayPal service does not serve all countries of the world. Some countries are blacklisted from using PayPal.
2. b) Among countries which are allowed to use PayPal, many are granted “Send Only” status, which means that while deposits can be made to the trading account, it is not possible to withdraw funds using PayPal. Considering that many forex brokers insist on withdrawals being made with the same transaction method as the deposit of the trading capital, this poses a huge challenge for traders.

If your country has a “Send Only” status on PayPal, you will not be able to get the best out of a PayPal forex broker. But if you have an account that can send and receive PayPal funds, then you can use it to enjoy the best of PayPal’s services.

You can find out if your country is fully supported on PayPal from the list published here.

PayPal Chargeback on Broker Account

PayPal prides itself in being able to offer chargebacks on disputed transactions. If a deposit transaction was not authorized by the trader, it can be disputed using the Paypal chargeback process, which can lead to PayPal granting the refund.

Conclusion

If you are one of the many traders that has seen the benefits to using Paypal as a payment method for funding and withdrawing to your forex account then look no further than the FXEmpire Best Paypal Brokers list. Here we have drilled down to get to the ultimate brokers that do offer this payment method.

Best Forex Brokers That Accept PayPal In 2021

Brokers, like any business, are in constant competition for new users. There are various ways in which they can try to attract a new trader, but one way that is a staple now is offering several payment methods. This often includes bank transfers, credit or debit cards and various electronic payment systems, including PayPal.

PayPal Forex Brokers

What Is PayPal?

PayPal is an electronic payment system that allows users to quickly and safely transfer funds to other people or businesses.

Once your bank account is linked to your PayPal account, you won’t need to use your card details again, payments are sent to email addresses instead.

PayPal is a worldwide platform, supported in over 200 countries, and offers all major currencies as well as lots of currencies from emerging economies, currently, the total currencies offered is 25.

Why Use My PayPal Account to Deposit With a Forex Broker

Simplicity

PayPal is so popular because of the simplicity of the platform and its process. As you only need to link your bank to your PayPal account once, it means then every time you buy something or transfer your funds, all that is needed is the email address of the recipient. Forex brokers are no different to any other recipient, making a deposit quick and easy.

Speed

Comparing to other funding options (especially bank wires, credit cards), PayPal is lightning fast when it comes to funding your forex trading account. To Forex brokers it’s also a convenient option to process your deposit.

Security

No need to share your credit card details with Forex brokers, your information is secure when you make a money transfer with PayPal.

Reliability

There is no need to guess or worry whether your money has reached your Forex broker. Simply look at your new Forex account balance and if the money was not credited following your PayPal transfer within 24-72 hours (see Forex brokers policies for deposits), you claim a refund with PayPal.

Deposit & Withdrawals

PayPal enables instant deposits and same-day withdrawals, meaning that you can deposit instantly when opening a brokers account and that you can have any funds back into your bank account the same day. The same applies to the broker, they can deposit via PayPal as well, meaning that those brokers that offer PayPal as a payment method usually have the lowest waiting period compared to competitors that don’t off the electronic payment system.

Inexpensive

It often costs you less or the same in fees compared to other deposit options (PayPal fee currently is approx. 3%). It gets even better – there are Forex brokers who will refund your money transfer fees with PayPal, which means that you incur no additional fees at all when you fund your Forex trading account!

How to Pick a Broker That Accepts PayPal

Whilst picking a Forex broker that accepts PayPal is basically the same as choosing a broker in general, there are a few things that you need to consider if PayPal is a necessity.

1- The PayPal service does not serve all countries of the world. Some countries are blacklisted from using PayPal.

2- Among countries that can use PayPal, some are granted “Send Only” status, which means that while deposits can be made to the trading account, it is not possible to withdraw funds using PayPal. Considering that many forex brokers insist on withdrawals being made with the same transaction method as the deposit of the trading capital, this poses a huge challenge for traders.

Therefore, the main consideration is where are you based and PayPal’s terms in that territory. For more information about how PayPal functions in your country, see the PayPal website for details.

Once you have determined that PayPal is fully accepted by your country, then actually deciding which forex broker to choose is a case of deciding which you feel is the best broker for you. When choosing a broker there are various aspects that should be considered, see our list of reviews on specific brokers, and compare them to one another for pros and cons.

When picking a forex broker that accepts PayPal, the logic is the same as picking a broker in general. PayPal is an additional reason to use that broker, but you should research the broker before deciding.

PayPal Chargeback on a Forex Account

Although PayPal doesn’t have specific policies regarding Forex account funding/withdrawal, it’s unlikely that a trader can successfully claim a PayPal chargeback. The reason for that is simple:

PayPal adheres to its own rules, which say: “The item you purchase must be a physical, tangible good that can be shipped”. End of story. Everything online – services, licenses, or, for example, Forex VPS services – that doesn’t require a physical shipment – all that is not covered by the PayPal Buyer Protection, and thus chargeback claims against it won’t succeed.

Having said that, now projecting it onto Forex trading:

Forex brokers provide online services, in which traders agree to participate. Funding a Forex account with PayPal falls under “intangible goods” according to PayPal buyer guidelines. Intangible goods don’t qualify for a chargeback, as there is no physical shipment of goods present.

Conclusion

Due to its simplicity and reliability, we tend to recommend that traders do choose a broker that offers PayPal as an option to deposit. We feel that it adds a layer of authority to those brokers that do offer it when compared to those that don’t.

Simply put, why wouldn’t a broker offer this service? As a trader, you should have the option to deposit using PayPal and so those that don’t accept it can be considered as a slightly lower tier of the broker.

There are lots of different ways in which you can deposit into a brokers account and isn’t doesn’t (shouldn’t) affect how you trade but it is a sign that the Forex market continues to grow and that you should be aware of different brokers and the payment options they offer. If only to make sure you’re picking one that uses your preferred payment method.

What is the most secure payment method?

Bank transfers, paying by credit or debit card and some electronic payment systems, like PayPal, are considered the most secure however there is no method that can be considered 100% secure. This is because criminals are always looking for new ways to hack into payment processes.

What are PayPal’s fees?

PayPal fees can change depending on the country you’re based.

In the UK and US, it is free to send money to friends and family. If you are selling a product or service using PayPal, you will be charged 2.9% + a fixed fee.

How secure is my PayPal account?

PayPal follows the appropriate security measures, including the new two-factor authentication (2FA) process that is now common for most secure login platforms.

PayPal has had no major breaches of security and certainly considers itself a very secure platform. Unfortunately, everything is secure until someone manages to breach it, PayPal continues to test and improve its security and for the moment we can consider it a safe place to store your funds.

Why don’t all Forex brokers offer PayPal?

Most major brokers that have been on the market for a considerable time do offer PayPal, it is just some of the newer brokers that don’t offer it. Each broker may have a different reason but one that should be considered is that PayPal may have blocked their account, which is a telling sign to stay away from that broker.

What is a PayPal Forex broker?

A PayPal Forex broker is a brokerage where you can buy, and trade Forex using its platform and accepts PayPal as a payment method when depositing into your account.

How can I deposit into my PayPal account?

To deposit into your PayPal account, you must add a bank account or a debit or credit card. You will then be able to transfer money from your bank directly to your PayPal account. PayPal only let’s you use these two means of depositing into your account.

Additional Payment Methods Forex brokers

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