Best 5 Paypal Forex Brokers for 2022

PayPal is perhaps the most convenient online payment system in the world, as it widely used in the USA, the United Kingdom, Canada, and other leading countries. Forex brokers that usually accept Paypal deposits are reputable platforms with good reputations amongst their peers. Several forex brokers support the PayPal payment system as an additional means of depositing and withdrawing funds from the trader’s accounts.

Usually, the forex brokers don’t charge any processing fees when you use PayPal. However, PayPal itself charges a small fee for receiving or transferring funds. With so many forex brokers offering PayPal deposit and withdrawal option, choosing the best ones becomes a tough task for traders. To view the leading PayPal Forex brokers, scroll down to our list below.

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FEATURED BROKER

eToro

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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....

Forex.com

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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....

VantageFX

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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....

Rating

Mobile App

10/10

Regulation

FCACYSECASIC

CFTCNFA

Bill

Min.Deposit

$50

$100

$200

Leverage max

50:1

100:1

500

Forex pairs

Fees & spreads

EUR/GBP

1.5

N/A

EUR/USD

1.3

N/A

EUR/JPY

1.6

N/A

EUR/CHF

3.1

N/A

GBP/USD

1.9

N/A

GBP/JPY

3.6

N/A

GBP/CHF

4.2

N/A

USD/JPY

1.5

N/A

USD/CHF

1.5

2.0

N/A

CHF/JPY

N/A

EUR/RUB

N/A

USD/RUB

N/A

Additional Fee

Continuous Fee

N/A

Conversion Fee

1pips

1.3pips

N/A

Trading platforms

Demo

Webtrader

Copytrading

Mt4

STP/DMA

Ctrader

MT5

Avasocial

Ava Options

Leverage

FCA

CYSEC

ASIC

CFTC

NFA

BAFIN

CMA

SCB

DFSA

CBFSAI

BVIFSC

FSCA

FSA

FFAJ

ADGM

FRSA

Active

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Etfs

Additional characteristics

Islamic Account

Education & Webinars

Charts & Tools

Scalping

Spread Betting

Automated Trading

Free Forex Signals

Payment methods

Bank Transfer

Credit Card

Giropay

Neteller

Paypal

Sepa Transfer

Skrill

Sofort

Top five PayPal Forex Brokers

This list comprising of the top five PayPal forex brokers was compiled after extensive research into the brokers and their payment methods.

eToro is the best social trading broker that accepts PayPal deposit and withdrawal options all over the world.
Plus500 is the leading international PayPal forex broker, allowing users to enjoy other features such as fixed and variable spreads, no minimum sum, free demo accounts, and user-friendly trading platforms
AvaTrade tops the chart in terms of PayPal brokers with trading platforms, offering users access to the MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet, and Mobile apps
Pepperstone is the best low minimum PayPal forex broker, with a minimum deposit sum of $200, and the spreads it offers makes it very attractive to traders.
FP Markets is the best PayPal forex broker offering users access to a wide range of trading resources and tools.

eToro – Best PayPal social broker

eToro stands above the rest when it comes to the best forex brokers that accept Paypal. With over a decade of forex market experience, eToro has made it easy for people to deposit and withdraw funds.

The Paypal deposit and withdrawal option on eToro is like a complimentary classical way of banking with the broker. It doesn’t matter the deposit method, eToro has a minimum deposit sum of $200, and it applies to Paypal too. eToro is popular amongst experts and new traders because of the user-friendly trading platform on offer. The broker has other features such as the unlimited free demo account, CopyTrading, the eToro club program, and more.

Pros:

eToro is regulated by agencies like FCA, ASIC, and CySec.
accepts PayPal payment option and more.
it has an innovative trading platform with various features.
provides access to the forex, stock, crypto, and commodities markets.
allows users to earn a 2% management fee as an Investor trader.

Cons:

the spreads on eToro are higher than usual.
it doesn’t support the MetaTrader platform.

eToro fees

Type of fees	amount charged
Deposit fees	free
Withdrawal fee	$5
Conversion fees	from 50 pips

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Plus500 – Best International PayPal forex broker

As an international forex broker, Plus500 is very active in other financial markets. It is a highly rated CFD provider and is one of the best brokers that accept PayPal withdrawal and deposit option. Plus500’s work towards continued innovation and performance leadership makes it an excellent choice amongst so many traders.

In addition to PayPal deposits, Plus500 users enjoy other features such as fixed and variable spreads, no minimum sum, free demo accounts, and user-friendly trading platforms. Combining these features makes Plus500 an excellent platform to trade forex and several other financial instruments.

Pros:

easy to use trading platforms.
low trading fees for forex and others.
regulated and listed on the London Stock Exchange.
over 2,000 assets are available.
guaranteed stop-loss orders.
Over 100 chart indicators are available.

Cons:

little research tools.
lack of trader education for users.
limited product portfolio available.
lack of news and content headlines.

Plus 500 fees

Type of fees	amount charged
Deposit fees	free
Withdrawal fee	free
Conversion fees	0.5% of the profit
Inactivity fee	$10/month

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AvaTrade – Best PayPal broker with excellent trading platforms

AvaTrade has been around since 2006, and it houses over 200,000 traders worldwide. As one of the leading forex brokers, AvaTrade has been innovative in its services, and one of them is to offer a PayPal deposit and withdrawal option.

This broker ticks all the boxes for PayPal brokers as AvaTrade is regulated by numerous financial agencies, offers access to various financial markets, and various payment methods. On AvaTrade, users also get to enjoy various trading platforms such as MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet, and Mobile apps.

Pros:

regulated in multiple countries.
supports PayPal, bank transfer, and other payment methods.
various trading platforms are available.
customer support in 14 languages and trading platforms available in 20 languages.
demo account available for all traders.
numerous trading assets available.

Cons:

withdrawals of funds on AvaTrade can take up to a few days.
fund transfer also takes time to be executed.

AvaTrade fees

Type of fees	amount charged
Deposit fees	free
Withdrawal fee	free
Conversion fees	Based on the amount
Inactivity fee	$50/quarter

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Pepperstone – Best low Minimum PayPal broker

Pepperstone is perhaps Australia’s finest forex broker, allowing traders to deposit and withdraw funds via PayPal. It has become a popular broker because of the excellent features it offers, such as tight spreads and fast order execution.

Similar to eToro, Pepperstone has a minimum deposit sum of $200, and the spreads it offers make it very attractive to traders. Pepperstone supports other payment methods, and the social trading features on the platform are a plus for new traders.

Pros:

Low forex and CFD trading fees.
Accepts PayPal and various other payment options.
Excellent customer support.
Various leading trading platforms.
Seamless and free fund deposit and withdrawal.

Cons:

Supports only forex and CFDs.
Has basic news flow.
Non-EU clients lack investor protection.

Pepperstone fees

Type of fees	amount charged
Deposit fees	free
Withdrawal fee	free
Conversion fees	$3.50 per $100,000 bought
Inactivity fee	None

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FP Markets- Best PayPal broker with vast trading resources

FP Markets has been around since 2005, and it is a reputable broker that is regulated by ASIC and a few other regulatory agencies. It allows traders to deposit and withdraw funds via PayPal and a wide range of payment methods.

This broker has become a favorite amongst traders because of its offering of a wide range of education and market analysis resources via its Trader Hub. The hub also houses technical analysis and fundamental analysis articles and videos, trading ebooks, and other video tutorials.

Pros:

FP Markets accepts PayPal and a few other payment methods.
It is ASIC regulated.
Offers ECN pricing and DMA trading options.
10,000+ tradable financial instruments available for trading.
Numerous trading platforms and trading tools.
Excellent customer service and educational materials.

Cons:

No live chat feature.
FP Markets isn’t available in all countries.
The large number of assets and accounts may be overwhelming for beginner traders.

FP Markets fees

Type of fees	amount charged
Deposit fees	free
Withdrawal fee	free
Conversion fees	Depending on the currency
Inactivity fee	None

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Factors to consider when selecting forex and CFD brokers that accept PayPal payment

Are they trusted and established?

The first feature that matters in a broker is a good track record and longevity in the market. The top-rated brokers that accept PayPal as a means of payment have been around in the industry for years and are established financial entities. They are also regulated by various financial agencies all over the world. Hence, the first thing you have to look at is the reputation of the brokers.

Are the brokers world-class?

It is best to choose a forex and CFD broker that is known for innovation and popular as an industry leader. This is because, in addition to supporting PayPal payments, the broker will readily provide you will all the tools necessary to succeed as a forex trader. They will also be amongst the first to roll out innovations and tools to make your trading process easier.

Commissions and Fees?

As a trader, the commissions and fees charged by the broker contribute to your success. Ensure that your broker doesn’t have any hidden fees, and the commissions and fees are very competitive. This way, you get to keep more of your profits as you enjoy lower fees and commissions.

Other funding methods

The broker shouldn’t offer only the PayPal funding method. As a trader, it is great to have payment options, and having other means to deposit and withdraw funds will be excellent for your trading business. Hence, the right broker should offer other convenient funding and withdrawal options such as credit and debit cards, e-wallets, and bank transfer.

Comprehensive trader resources

Offering the PayPal payment option is useless if the broker doesn’t have comprehensive trading resources available to its customers. The broker you will choose should offer resources like analysis, education, and risk-management tools. The tools will make it easy for you to leverage the trading space and stand a higher chance of becoming more profitable.

Advantages of using PayPal brokers

Opening a PayPal account for your forex trading is free, and it doesn’t incur any dormant account fees
Transaction limit is between $10,000 and $60,000
You can chargeback any disputed transaction
It is quick and easy to use on mobile and desktop apps
PayPal is available in over 56 world currencies

Disadvantages of using PayPal brokers

The domestic and international transfer fees are high
The chargeback protection doesn’t include financial derivatives

A comparison of the best PayPal forex brokers

	eToro	Plus500	AvaTrade	Pepperstone	FP Markets
Feature
24/7 customer support	Yes	Yes	No	No	No
Mobile app	Yes	Yes	Yes	Yes	Yes
Charting tools	Yes	Yes	Yes	Yes	Yes
Various markets	Yes	Yes	Yes	Yes	Yes
Free deposit and withdrawals	No	Yes	Yes	Yes	Yes
Price alerts	Yes	Yes	Yes	Yes	Yes
Real-time quotes	Yes	Yes	Yes	Yes	Yes
Copy-trading	Yes	No	Yes	Yes	No
Social trading	Yes	No	No	No	Yes

Best 5 Paypal Forex Brokers for 2022

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eToro

Forex.com

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