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Best PayPal Forex Brokers 2020

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The brokers below represent the best Paypal accepting brokers 

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
XTB
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75% of retail investor accounts lose money

BaFin, CNMV in Spain, CySEC, FCA, IFSC

$0

1:500

MT4, xStation 5

2002

STP

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75% of retail investor accounts lose money

Plus500
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76.4% of retail CFD accounts lose money

ASIC, CySEC, FCA, FSB, ISA, MAS

$100

1:30

Plus500

2008

No dealing desk

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76.4% of retail CFD accounts lose money

eToro
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75% of retail CFD investors lose money

ASIC, CySEC, FCA, MiFID

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, Zulutrade

2007

Market Maker, No dealing desk, STP

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75% of retail CFD investors lose money

FxPro
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Your capital is at risk

CySEC, DFSA, FCA, FSCA, SCB

$100

1:500

cTrader, MT4, MT5, Proprietary

2006

No dealing desk

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Your capital is at risk

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

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.

XTB

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

Foundation Year:2002

Headquarters:Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom

Min Deposit:$0

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75% of retail investor accounts lose 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.

Pros: Cons:
  • 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

Plus500

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

Foundation Year:2008

Headquarters:Building 25, MATAM, Haifa, Israel

Min Deposit:$100

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76.4% of retail CFD accounts lose money

Plus500 is a leading online forex and CFD provider. The company was founded in Israel in 2008. Today, it has regional offices in UK, Cyprus, Australia and Singapore. Plus500 offers over 2,500 trading instruments that can be traded on its platforms.

Pros:

  • 2,000+  CFD products available for trading across global markets, including cryptocurrency CFDs
  • Offers guaranteed stop-loss orders
  • Multiple regulations from different countries. Regulation includes FCA, ASIC, CySEC and MAS.
  • Over 100 chart indicators are available in the web platform
Cons:

  • Lack of content and news headlines
  • Lack of Trader Education to clients
  • No phone support offered

 

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

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75% 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.

Pros: Cons:
  • 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

FxPro

Regulated By:CySEC, DFSA, FCA, FSCA, SCB

Foundation Year:2006

Headquarters:13-14 Basinghall str., City of London, EC2V 5BQ, UK

Min Deposit:$100

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Your capital is at risk

FxPro gives you access to a buffett of trading platforms. Choose between MT4, MT5, cTrader Pro, and FxPro Edge. As the name implies, FxPro Edge is made specifically for foreign exchange. Most orders on FxPro are executed within 13 milliseconds. FxPro is currently in beta, meaning it is a new app and may have some bugs.

If you are willing to give it a try, you’ll find an impressive set of tools for spread betting with tighter spreads than you typically get at the other FXPro platforms. Beginners can start with a risk-free demo account.

Pros  Cons
  • Support for four platforms
  • Proprietary FXPro Edge platform with lower spreads
  • Great options for beginner to advanced traders
  • Login required for demo
  • Higher spreads on MT4 and MT5
  • No signup bonus

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.

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