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Paypal Forex Brokers

Compare Forex brokers that accept Paypal for deposits and withdrawals. And find out more about PayPal's fees, limits and withdrawal options.

AvaTrade
AvaTrade »
Islamic Account ?
More
AvaTrade
AvaTrade »
MT4 Fixed ?
More
AvaTrade
AvaTrade »
MT4 Floating ?
More
Fortrade
Fortrade »
Instant Execution ?
More
eToro
eToro »
eToro Account ?
More
eToro
eToro »
Islamic Account ?
More
eToro
eToro »
Premium Account ?
More
FxPro
FxPro »
MT4 Fixed - Instant Exec. ?
More
FxPro
FxPro »
FxPro cTrader ?
More
FxPro
FxPro »
MT4 Floating - Instant Exec. ?
More
FxPro
FxPro »
MT5 Floating - Market Exec. ?
More
FxPro
FxPro »
MT4 Floating - Market Exec. ?
More
Plus500
Plus500 »
Live Account ?
More
Leverage ?Commission / lot ?Min. deposit ? 
AvaTrade
AvaTrade »
Islamic Account ?
1.9 pips
1:200
$0$100Visit broker
AvaTrade
AvaTrade »
MT4 Fixed ?
1.9 pips
1:400
$0$100Visit broker
AvaTrade
AvaTrade »
MT4 Floating ?
1.5 pips
1:400
$0$100Visit broker
Fortrade
Fortrade »
Instant Execution ?
2 pips
1:200
$0$100Visit broker
eToro
eToro »
eToro Account ?
3 pips
1:400
$0$200Visit broker
eToro
eToro »
Islamic Account ?
3 pips
1:400
$0$200Visit broker
eToro
eToro »
Premium Account ?
3 pips
1:400
$0$20000Visit broker
FxPro
FxPro »
MT4 Fixed - Instant Exec. ?
1.6 pips
1:500
$0$500Visit broker
FxPro
FxPro »
FxPro cTrader ?
0.3 pips
1:500
$9$500Visit broker
FxPro
FxPro »
MT4 Floating - Instant Exec. ?
1.4 pips
1:500
$0$500Visit broker
FxPro
FxPro »
MT5 Floating - Market Exec. ?
1.4 pips
1:500
$0$500Visit broker
FxPro
FxPro »
MT4 Floating - Market Exec. ?
1.2 pips
1:500
$0$500Visit broker
Plus500
Plus500 »
Live Account ?
2 pips
1:300
£0£100Visit broker
     

Why use PayPal for deposits?

  • Fund your account online 24/7 through your PayPal account.
  • Activate and fund your account in less than 5 minutes.
  • Make direct withdrawals to your PayPal account.

What is PayPal?

PayPal is like an online wallet that stores your credit card and bank account details. You can use your PayPal account to shop online without having to remember your details or enter them into a website again.

Opening a PayPal account is easy and it’s free. All you need is an email address and a password. After that, you can link your PayPal account to a bank account, credit card or debit card.

Benefits of using PayPal

  • Secure: PayPal is a safer way to pay because you store your financial information with PayPal rather than the merchants you buy from. This is a genuine advantage because your information could be at risk from hackers or prying employees even if you transact with established and reputable websites.
  • Convenient: with PayPal, you only enter your credit card or bank account details once when you open open your account. After that, all you need is your PayPal email address and password to shop online.
  • Fast: with PayPal, you can send and receive money in real-time.

Account limits

When you open an account, PayPal only asks for essential information so that you can get started right away. Your account will be classified as ‘Unverified’ until you provide more information about yourself – this is to comply with anti-money laundering laws. Unverified accounts are subject to initial limits on the amount you can send, receive and withdraw.

It's a good idea to verify your account as soon as possible. Otherwise, PayPal could force verification on you at a later stage if your account balance or transaction volumes rise above certain thresholds. When this happens, your account will be set ‘Limited’ and you will no longer be able to send, receive or withdraw money. This could play havoc with your trading, preventing you from meeting margin calls or taking advantage of changes in the financial markets.

PayPal withdrawal methods

While PayPal typically allows withdrawals to a bank account or a card, this may not be possible in all countries. In some countries, PayPal restricts withdrawals to US bank accounts only. And in others, it does not support withdrawals to credit or debit cards. Remember to check PayPal withdrawal options in your country to make sure it works for you.

PayPal fees

PayPal is a cost-effective way to trade. If your PayPal account and broker are in the same country, you could finance your trades and withdraw your profits to a local bank account entirely free of charge. Here’s a breakdown of PayPal fees:

  • Joining: free to join.
  • Deposits: free to add money to your PayPal balance from a domestic bank account.
  • Withdrawals: free to make a standard withdrawal from your PayPal balance to your bank account. PayPal charges a fee for withdrawals to a card and accelerated withdrawals to a bank account.
  • Buying: free.

If your transaction requires a currency conversion, PayPal will add a processing fee above the wholesale exchange rate. In addition, PayPal also charges a cross-border fee for cross-border payments. The cross-border fee applies when the sender and the receiver have PayPal accounts registered in different countries. Please check the PayPal User Agreement for fees applicable in your country.

FXTM

Trade 45 currency pairs and CFDs on shares, indices and metals with market execution ... More

LiteForex

Trade Forex on floating spreads from 1.8 pips on MT4 or MT5. Get started from a low $... More

AvaTrade

Trade 60 currency pairs on floating spreads, plus CFDs on crypto-currencies, stocks, ... More

HotForex ZA

Islamic account with no swap or rollover charges. Trade Forex and CFDs on indices, co... More