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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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 |
Your capital is at risk.
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 |
Your capital is at risk.
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 |
Your capital is at risk.
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 |
Your capital is at risk
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 |
Your capitals is at risk
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 |
