If you are a forex trader and you want to be able to fund and withdraw funds from your account with ease, you will need to use a broker who offers you multiple funding channels. PayPal forex brokers are among the best in this regard. In this forex brokers review, we want to identify some of the best PayPal forex brokers you should consider opening an account with to broaden your funding and withdrawal options. You can find and make withdrawals from your forex account if you trade with the best forex brokers with PayPal support.
In This Guide
FCA, ASIC, CIMA, SIBL
up to 50% bonus
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
VFSC, FSC, IBFC
$10 000 demo
Simply put, a PayPal forex broker is a broker who accepts Paypal as a finding and withdrawal source. What this means is that as a trader, you can find your account with the broker using your PayPal account, and you can also make withdrawals from your trading account to your PayPal account.
With PayPal being a global leader when it comes to online money transfer, many traders prefer to use them because they can transfer money using the platform in a matter of seconds. However, not every broker accepts PayPal as a means of payment due to the platform’s stringent protocols.
Let us look at the best PayPal forex brokers currently.
FXTM is a broker with a global image. This broker offers traders access to the forex market, but beyond that, traders can also trade different assets on their platform. FXTM was launched in 2011, and in that time, they have made quite a name for themselves. Traders can buy and sell Bitcoin, CFDs, spot metals, and of course, foreign exchange. With a maximum leverage of 1000:1, traders have opportunities to increase their winnings if they are willing to take the risk.
You can trade using MetaTrader 4 and 5 on FXTM, and there are loads of educational materials available free of charge to registered members.
FxPro has been active since 2007 and is still going strong to date. This is another PayPal forex broker we recommend to traders who intend to use PayPal as a funding channel. Today, it is one of the leading platforms for CFDs and Forex trading. Having garnered an impressive 85 awards to date, rest assured that your investment is in safe hands with FxPro. You can trade a wide range of assets like forex, indices, metals, energy.
This broker also has commodities, futures, and equities available for traders too. As for their trade execution tools, you will find them quite easy to use, even if you are a beginner. They also have advanced platforms like MetaTrader4 and MetaTrader5.
Not all PayPal forex brokers offer traders the kind of technology that FP Markets offers. Their large cache of product offerings is also a huge draw for traders from all over the world, which is why many have come to trust their brokerage services, and by extension, their platform.
FP Market operates a customer-centric business model which involves building a strong relationship with the customer by having their needs met in a timely fashion. They have some of the most advanced trading interfaces we have seen. First, they have their WebTrader, which is available on mobile apps. For those who don’t want to use WebTrader, they can switch to MetaTrader 4 or MetaTrader 5.
Pepperstone is another option for you if you want to use PayPal to fund your account or to make withdrawals. Pepperstone has been active since 2010 with different trading interfaces available like MT 4 and MT 5. However, their in-house cTrader is amazing with unique features. Here, you can trade not only forex but gold, silver, futures, options, and different other commodities with as much as 500:1 leverage.
This platform allows you to make fast trade execution in split seconds with very low spreads as low as 0.16-0.64 pips. Pepperstone also has ridiculously low commission rates that you can take advantage of.
FxGlory brokerage Services is one of the few brokers in the world, offering traders leverage of 1.3000 even for small deposits. They also offer you spreads ranging from 2-10. While you can automatically connect your FxGlory account to your bank account, you can also operate it using your PayPal account if you so choose. Established in 2011 in the UAE, this broker has expanded its tentacles to many other regions, thereby making it one of the best PayPal forex brokers around.
Another advantage of trading with this broker is that there is no minimum deposit amount to activate your account. Beyond that, the account verification process is relatively easy and can be concluded in a matter of minutes. The platform is safe and secure, and highly regulated.
Paypal forex brokers offer traders Paypal as a payment pipeline. Being one of the foremost payment platforms in the world, you can fund your trading account or make withdrawals in a matter of seconds without stress. The brokers in this review all offer Paypal as a means of payment, but besides that, their trading platforms have intuitive tools to simplify your trading.
Yes, you can, but it depends. This will only be possible if the broker allows PayPal as a payment channel.
There may be several reasons for this, but who we do know that many brokers shy away from Paypal because of the stringent security protocols of PayPal.
Payment can be sent in a matter of seconds. However, different PayPal forex brokers have different time schedules for updating the trading accounts of their customers. While some have automatic balance updates, some may take a little more time.
This will depend on the minimum account balance accepted by the broker you are trading with. Brokers with no minimum deposit requirement will accept any amount you transfer to your trading account.
It depends. Some PayPal forex brokers allow account linking while others do not.