Best PayPal Forex Brokers 2019

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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.

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

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

75% of retail CFD investors lose money

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

76.4% of retail CFD accounts lose money

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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Your capital is at risk

Your capital is at risk

Markets.com

Regulated By:ASIC, CySEC, FCA, FSCA

Foundation Year:2008

Headquarters:Safecap is located at 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus.

Min Deposit:$100

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CFDs carry risk. 73% of traders lose

CFDs carry risk. 73% of traders lose

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

Your capital is at risk

PayPal Forex Brokers Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
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

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

XTB
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Your capital is at risk

BaFin, CNMV in Spain, CySEC, FCA, IFSC

$0

1:200

MT4, xStation 5

2002

STP

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Your capital is at risk

Markets.com
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CFDs carry risk. 73% of traders lose

ASIC, CySEC, FCA, FSCA

$100

1:300

MT4, MT5, Proprietary

2008

Dealing Desk

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CFDs carry risk. 73% of traders lose

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

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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