Best 5 Paypal Forex Brokers 2023: Top Brokers Accepting Paypal Deposits

With over 30 million merchant partners and 400 million user accounts, PayPal is one of the most popular online payment systems. While there is no shortage of credible forex brokers, the ones on our recommended list leap extra miles by allowing customers to make deposits and withdrawals using PayPal.

Best PayPal Forex Brokers

eToro

Min $10

Regulated By

Regulated By

FCA, CYSEC, ASIC, GFSC, FinCEN & FINRA

Used By

Used By

20 Million+ Users

Established in

Established in

2007

Visit Broker

78% of CFD accounts lose money.

Spreads From

EURUSD 1.0 pips

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Platforms

DesktopMobile

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNeteller

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo1.0 pip$0Market$100,000 Open Account
Retail1.0 pip$0Market$50 Open Account
Islamic (Swap Free)1.0 pip$0Market$50 Open Account
Professional1.0 pip$0Market$50 Open Account
Open account table

Capital.com

Min $20

Regulated By

Regulated By

FCA, ASIC, CYSEC & FSA

Used By

Used By

427,000+ Traders

Established in

Established in

2016

Visit Broker

87.41% of CFD accounts lose money.

Spreads From

EURUSD 0.6 pips

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Platforms

DesktopMobileMT4

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNetellerUnionPayTrustlyiDealSofortWebMoneyWorldPay

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Retail0.6 pip$0Market$20 Open Account
Professional0.6 pip$0Market$20 Open Account
Open account table

Plus500

Min $100

Regulated By

Regulated By

FCA, ASIC, CYSEC, FMA & FSCA

Used By

Used By

22 Million+ Customers

Established in

Established in

2008

Visit Broker

74% of CFD accounts lose money.

Spreads From

EURUSD 0.8 pips

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Platforms

DesktopMobile

Funding Methods

Wire TransferVisaMaster CardPaypalSkrill

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo0.8 pip$0Market$40,000 Open Account
Standard0.8 pip$0Market$100 Open Account
Professional0.8 pip$0Market$100 Open Account
Open account table

Pepperstone

Min $10

Regulated By

Regulated By

FCA, ASIC, CYSEC, CMA, BaFin, DFSA & SCB

Used By

Used By

300,000+ Traders

Established in

Established in

2010

Visit Broker

74% of CFD accounts lose money.

Spreads From

EURUSD 0.6 pips

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Platforms

MT4MT5cTrader

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNetellerUnionPayBPayPOLi Transfer

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo1.0 pip$0Market$200 Open Account
Standard1.0 pip$0Market$10 Open Account
Razor0 pip$7 per lotMarket$10 Open Account
Professional0 pip$7 per lotMarket$0 Open Account
Islamic (Swap Free)1.0 pip$0Market$200 Open Account
Open account table

Admirals

Min $25

Regulated By

Regulated By

FCA, CYSEC, ASIC, JSC & FSCA.

Used By

Used By

1,000,000+ Users

Established in

Established in

2001

Visit Broker

79% of CFD accounts lose money.

Spreads From

EURUSD 0.1 pips

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Platforms

DesktopMobileMT4MT5

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNeteller

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo0.1 pip$0Market$10,000 Open Account
Trade.MT4/MT50.1 pipFrom $0.02Market$25 Open Account
Zero.MT4/MT50 pipFrom $0.05Market$25 Open Account
Invest.MT50 pipFrom $0.02Market$1 Open Account
Islamic.MT5(Swap Free)0.1 pipFrom $0.02Market$25 Open Account
Bets.MT50.1 pip$0Market£100 Open Account
Professional0 pipFrom $0.05Market$25 Open Account
Open account table

eToro

Min $10

Visit Broker

78% of CFD accounts lose money.

Regulated By

Regulated By

FCA, CYSEC, ASIC, GFSC, FinCEN & FINRA

Used By

Used By

20 Million+ Users

Established in

Established in

2007

Spreads From

EURUSD 1.0 Points

Platforms

DesktopMobile

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNeteller

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo1.0 pip$0Market$100,000 Open Account
Retail1.0 pip$0Market$50 Open Account
Islamic (Swap Free)1.0 pip$0Market$50 Open Account
Professional1.0 pip$0Market$50 Open Account
Open Account Table

Capital.com

Min $20

Visit Broker

87.41% of CFD accounts lose money.

Regulated By

Regulated By

FCA, ASIC, CYSEC & FSA

Used By

Used By

427,000+ Traders

Established in

Established in

2016

Spreads From

EURUSD 0.6 Points

Platforms

DesktopMobileMT4

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNetellerUnionPayTrustlyiDealSofortWebMoneyWorldPay

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Retail0.6 pip$0Market$20 Open Account
Professional0.6 pip$0Market$20 Open Account
Open Account Table

Plus500

Min $100

Visit Broker

74% of CFD accounts lose money.

Regulated By

Regulated By

FCA, ASIC, CYSEC, FMA & FSCA

Used By

Used By

22 Million+ Customers

Established in

Established in

2008

Spreads From

EURUSD 0.8 Points

Platforms

DesktopMobile

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Funding Methods

Wire TransferVisaMaster CardPaypalSkrill

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo0.8 pip$0Market$40,000 Open Account
Standard0.8 pip$0Market$100 Open Account
Professional0.8 pip$0Market$100 Open Account
Open Account Table

Pepperstone

Min $10

Visit Broker

74% of CFD accounts lose money.

Regulated By

Regulated By

FCA, ASIC, CYSEC, CMA, BaFin, DFSA & SCB

Used By

Used By

300,000+ Traders

Established in

Established in

2010

Spreads From

EURUSD 0.6 Points

Platforms

MT4MT5cTrader

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNetellerUnionPayBPayPOLi Transfer

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo1.0 pip$0Market$200 Open Account
Standard1.0 pip$0Market$10 Open Account
Razor0 pip$7 per lotMarket$10 Open Account
Professional0 pip$7 per lotMarket$0 Open Account
Islamic (Swap Free)1.0 pip$0Market$200 Open Account
Open Account Table

Admirals

Min $25

Visit Broker

79% of CFD accounts lose money.

Regulated By

Regulated By

FCA, CYSEC, ASIC, JSC & FSCA.

Used By

Used By

1,000,000+ Users

Established in

Established in

2001

Spreads From

EURUSD 0.1 Points

Platforms

DesktopMobileMT4MT5

What Can You Trade?

  • Stocks
  • Indices
  • Forex
  • ETFS
  • Commodities
  • Cryptocurrencies

Funding Methods

Wire TransferVisaMaster CardPaypalSkrillNeteller

Account

Account TypeEURUSD Spread FromCommissionExecutionMin. DepositChoose Account
Demo0.1 pip$0Market$10,000 Open Account
Trade.MT4/MT50.1 pipFrom $0.02Market$25 Open Account
Zero.MT4/MT50 pipFrom $0.05Market$25 Open Account
Invest.MT50 pipFrom $0.02Market$1 Open Account
Islamic.MT5(Swap Free)0.1 pipFrom $0.02Market$25 Open Account
Bets.MT50.1 pip$0Market£100 Open Account
Professional0 pipFrom $0.05Market$25 Open Account
Open Account Table

Pros and Cons of Using Paypal on a Forex Broker

Several brokers now allow PayPal as a payment option due to its widespread recognition and acceptance worldwide. Also, since so many people put their trust in PayPal, it has risen to prominence over more conventional forms of online payment processing. However, its use is not without its drawbacks. Here we list some advantages and disadvantages of using Paypal forex brokers.

Pros

  • Fast Transactions
  • High Security
  • More Reliable
  • Convenient
  • Higher Withdrawal or Transfers Limit

Cons

  • Paypal Exchange Rates
  • Charges
  • Not available worldwide
  • Complex Account Verification

How To Use Paypal on Forex Brokers?

Whether you wish to deposit funds to your trading account or want to have them withdrawn, Paypal is likely to be one of the supported e-wallet payment methods offered by your selected broker. To use Paypal on forex brokers, you must confirm its acceptability first. Although it is a widely accepted payment method, some brokers might not support it due to geographical limitations. All our above-listed brokers accept Paypal deposits.

How to Deposit with a Forex Broker using Paypal?

Clients must have an active Paypal account with some funds before using it for deposits. Secondly, your selected broker should also have it on the list of accepted payment methods. While PayPal’s registration process is simple, depositing funds with forex brokers accepting Paypal is also user-friendly. If you don’t have a PayPal account, you can open one now. It’s simple and fast to get you going. Assuming that you already have an account with a forex broker, let us enlist a few steps you may follow; 

  1. Visit Paypal’s official website www.paypal.com. Deposit with a Forex Broker using Paypal
  2. Click the signup button and select your preferred account type, i-e Personal, or Business. Deposit with a Forex Broker using Paypal
  3. Select your country of residence and enter the rest of the details as required, click on the next button. Deposit with a Forex Broker using Paypal
  4. Provide details as required on the registration form, such as nationality, date of birth, email ID and possibly a few additional pieces and click continue to proceed further. Deposit with a Forex Broker using Paypal
  5. Enter your mobile phone number and verify it using the code received from Paypal. Deposit with a Forex Broker using Paypal
  6. Enter the code received on your email to verify your email address. Confirm Your Email
  7. Enter your address and click the continue button. 
  8. Enter your bank details, including your card information. You can link your bank card to your Paypal account after necessary verification. Paypal will charge a small refundable amount to your card to verify it. Add a Card to Shop or Send Payment Later - PayPal
  9. Mark your agreement to the terms and conditions that apply.
  10. Sign in to your trading account with a forex broker (eg., eToro).
  11. Click on the deposit funds button on your dashboard deposit funds
  12. Select Paypal as your preferred option, and enter the amount you wish to deposit. Fund your Account with PayPal
  13. Authorise transaction details to complete the transfers. 

How Do Paypal Withdrawals from Forex Brokers Work?

Withdrawing money from forex brokers to your Paypal account is relatively simple. However, it is essential to mention that you can only withdraw your funds to Paypal if you have also used it for deposits. Here are the steps to follow;

  1. Sign in to your trading account with a forex broker (eToro, for example).
  2. Click on the withdrawals button.
  3. Select your preferred payment method (i-e, Paypal)
  4. Enter the amount you wish to withdraw and click continue. 

Notably, eToro does not support direct withdrawals to PayPal accounts. The broker sends money to the recipient’s linked bank account or credit card.

Does Paypal Charge Fees on Forex Brokers?

Paypal doesn’t apply the standard transaction fee if you pay with your own PayPal balance, a linked bank account, or the PayPal Cash app. You can add or withdraw funds to and from your brokerage accounts for free. 

However, your bank’s policy determines whether or not you will incur any additional fees or percentages. It is the client’s responsibility to confirm whether or not there will be any such fees associated with the withdrawal, as the broker is not responsible for applying them.

Notably, brokerage firms can have different charging criteria concerning deposits and withdrawals via Paypal. For example, eToro doesn’t charge any fee on deposits via Paypal. However, withdrawals from eToro to Paypal are subject to a fixed fee and may have restrictions concerning minimum or maximum withdrawal limits. While the least amount you can withdraw from your eToro account is $30, the fixed cost is $5 for each withdrawal. 

Not to mention, PayPal charges 3.5% to convert to US or Canadian dollars but 4% to convert to all other currencies.

How To Get Started With a PayPal Forex Broker

First, you need to filter out brokerage firms accepting Paypal for deposits. Once you have selected your preferred broker, the rest of the process is simple. Let us take you through a step-by-step process of how to get started with a forex broker using Paypal. We’ll use eToro for illustration purposes. 

Step 1

Visit the broker’s official website, and click on the start investing button to access the registration form. Then enter your username, email and password, accept the terms and conditions, and click the signup button. Alternatively, you can use your existing Gmail or Facebook ID to access the dashboard. Now check your email inbox and click the link received from eToro to verify your email address. After that, you will reach your trading dashboard. Get Started With a PayPal Forex BrokerSign Up at a PayPal Forex Broker

Step 2

Now you need to add funds to your trading account using Paypal. Click on the deposit funds tab at the bottom of the side navigation panel. Then select Paypal from the list of available payment options, such as Debit Cards, Credit Cards, Skrill, Paypal, Neteller, Bank transfers etc. Proceed by entering the deposit amount and clicking the “Next” button. Finally, authorise transaction details to complete funds transfers. The company processes the payments instantly. 

Step 3

Since you have a funded account available at your disposal, it’s time to start placing trades. Click the discover button to view the supported financial markets. You can access the list of your preferred tradable assets using the filter option. Alternatively, a search function can help you find your desired financial instrument. 

For instance, if you wish to trade currencies and look for a EUR/USD pair, type in EUR in the search bar to find the supported currency pairs for the EUR and select EUR/USD. Configure the details, such as the amount, preferred leverage level, stop loss, etc. Now click the buy or sell button to initiate a position. Place a TradePlace a TradePlace a TradeSelect Amount to Trade

Factors to Consider when choosing a PayPal Forex broker

You won’t have any trouble finding a Forex broker that accepts PayPal, as there are many of them. However, finding the best one can be tricky. Let us enlist some factors you must consider while choosing a Paypal forex broker. 

Regulation

Regulations make brokers act in the best interest of traders/investors. Regulated brokers must follow specific rules and guidelines concerning the custody of your funds. Besides keeping your funds in segregated bank accounts, they work with large banks and financial institutions to offer you increased liquidity. Furthermore, you always have legal protection while trading with a regulated broker in case the company breaches the code of conduct. Some reputable regulatory institutions include FCA, ASIC, FSA, CySEC, etc. Try signing up with an entity regulated by any of these regulatory authorities. However, if not possible, it is still better to open an account having low-profile supervision instead of signing up with a non-regulated broker.. 

Speed

Meaningful trading involves the instant execution of trades to avoid missing possible opportunities. You must check how quickly a broker processes your orders. It also depends on the type of broker you selected. For instance, non-dealing desks or straight-through processing brokers will likely have faster execution rates than dealing desks or market maker brokers. Also, the lack of speed can result in slippage issues which could increase your loss in a high-moving market. Brokers supporting Paypal typically come with lightning fast execution rates.

Fees

Fee is another critical element you must not overlook while choosing a Paypal forex broker. You are likely to incur trading and non-trading fees with any broker, but it should be in line with average industry standards. Setting aside the trading cost, most brokers don’t apply a deposit fee for funding your trading account via Paypal. However, they still might have some withdrawal charges in place. Always compare the pricing structure of two or more intermediaries and select the one that looks cheaper. Essentially, you don’t want to incur costs exceeding the potential trading outcome. 

Customer Service

Customer service is integral to an organisation’s success. Reputable brokers pay special attention to facilitating their clients on time. Try communicating with your prospective broker to see how well it responds to your queries and concerns. If you find the broker less responsive or incompetent in providing the resolution, avoid signing up with it. 

Platforms

Trading platforms enable you to connect with the market and place your trades. Besides having multiple trading tools and indicators, a platform must be user-friendly. While an intuitive trading platform makes navigating and trading your favourite tradable instruments easy, a complex user interface makes things more difficult. Forex brokers typically offer multiple trading platforms considering individuals’ trading needs and skills. You should also check if your broker has numerous alternatives available. At least it should have a user-friendly trading platform with all the essential trading tools and indicators required for a purposeful trading experience. 

PayPal Chargeback on a Broker Account

When a customer successfully wins a dispute on a transaction, the amount of the charge is reversed, or “charged back,” to the card initially used to make the purchase. Credit cards, debit cards, and broker accounts are all susceptible to chargebacks. Paypal’s chargeback feature appeals to all of its stakeholders. While clients can submit a chargeback issue with their bank or card issuing authority in addition to Paypal’s own dispute resolution process, brokers can also challenge the dispute via Paypal. 

The deadline for submitting a chargeback varies from 60 to 120 days, depending on the payment processor. Following the Fair Credit Billing Act, you can dispute a chargeback within 60 days after the original billing date.

Why Brokers That Accept PayPal need to be Regulated?

While regulated brokers are bound to operate within predefined parameters and act in the best interests of stakeholders, they offer more sense of security. Also, features like the chargeback facility provided by PayPal become easier to claim with a regulated Paypal broker compared to non-regulated entities. Essentially, non-regulated forex brokers neither follow the stipulated guidelines nor have any binding restrictions by a regulatory authority. The worst part is that you can’t even file a case against a non-regulated broker. 

Is it Safe to use a Paypal Forex Broker?

Paypal is one of the safest payment methods. It involves a rigorous process of collaborating with a forex broker. Therefore, you can rest assured of the competitiveness and reliability of a forex broker accepting Paypal. 

According to some users, using PayPal to fund or withdraw money on a forex broker account offers more sense of security than using a credit or debit card. When you add funds to your account or withdraw a payment using the PayPal service, your financial data is encrypted and protected with state-of-the-art technology. 

Moreover, it does not necessitate disclosing private information. PayPal’s verification process entails little more than entering your email ID and password to access your digital wallet and confirm the transaction. Setting up PayPal to recognise your fingerprint further secures your PayPal transactions.

What Reddit & Quora Say about using Paypal when Funding with a Forex Broker

Reddit

Reddit is one of the most popular networking platforms for people to connect and share their personal experiences with corporate culture and seek others’ advice on real-life issues. We also tried searching people’s views about using Paypal when funding with a forex broker. Although many threads were about Paypal as a general payment processor, very few talked about funding a broker account with Paypal. What Reddit & Quora Say about using Paypal when Funding with a Forex Broker

The ones with relevant information were about finding a broker accepting Paypal. While some Reddit users believed that not even a single broker accepts Paypal, others named different brokers allowing you to deposit funds via Paypal. However, all users seemed to have a unanimous opinion about funding a broker account with Paypal, that its strict policies for brokers and consumers limit its useability. Some clients even said that using false information to sign up for an account with Paypal is almost impossible. Hence it is very likely for consumers to look for another alternative. 

What Reddit & Quora Say about using Paypal when Funding with a Forex Broker

Quora

Quora users hold mixed opinions about using Paypal when funding with a forex broker. While some praised Paypal’s safety and security features besides faster transaction speed, others objected to its higher fee schedules and complex regulatory requirements. 

According to some clients, Paypal’s chargeback facility makes it more reliable than other payment options. Many believe that the only reason why various brokers do not support PayPal is its unfavourable business terms, which include the company’s policy of returning clients’ money at their request. What Reddit & Quora Say about using Paypal when Funding with a Forex Broker

We also encountered a few threads where people criticised Paypal for not accepting customers worldwide. However, due to regulatory restrictions or geographical limitations, the payment network cannot facilitate customers across the globe. 

Bottomline

We researched the best brokers by looking for those that offered favourable trading conditions and allowed for deposits and withdrawals through PayPal and other major payment systems. Starting from the pros and cons of using Paypal on forex brokers, we took you through a step-by-step process on depositing and withdrawing funds using Paypal. Besides listing down the factors you must consider while choosing a Paypal forex broker, we also explained them in detail to help you know what you need to look for before making a final choice.

This article also features the fee element, the chargeback facility offered by Paypal, and the importance of Paypal forex brokers’ regulations alongside their safety concerns. Lastly, we tried to compile the most frequently asked questions to help you know more about Paypal forex brokers. We believe this guide should be enough for you to become well aware of the broker accepting Paypal, besides getting to know the benefits and limitations of Paypal forex brokers. However, we encourage you to do your own research before signing up with any broker. 

Q & A

Yes! As a reflection of PayPal’s growing popularity, several Forex brokers now allow it as a deposit/withdrawal option alongside more traditional payment methods, such as Debit Cards, Credit Cards, Neteller, Skrill, Wire transfers, Web money, Google Pay, App Pay, Fasa Pay, Poli transfers, etc.

More than 14 regulated forex brokers accept Paypal, including but not limited to eToro, Capital.com, Pepperstone, Plus500, Avatrade, FP Markets, OANDA, BDSwiss, etc. 

Yes! Forex brokers that accept Paypal allow clients to trade multiple financial markets. Notably, it doesn’t have to do anything with accepting or rejecting Paypal since it is just a payment method. A broker will not ever restrict you from trading based on Paypal’s availability. Indeed, there are other payment options that you can use to fund your account and start trading. 

Yes! You can deposit with Paypal on a Forex broker if it accepts Paypal deposits. Moreover, payments made via Paypal on a forex broker are free unless they differ from the account’s base currency. Otherwise, you will incur currency conversion charges. 

Typically Paypal withdrawals are instantaneous. However, in some cases, it may take 1-2 working days to withdraw funds from a forex broker to your Paypal account. Please be informed that forex brokers like eToro don’t process funds straight to your Paypal account. Instead, your funds will be routed via your card or bank account linked with Paypal. 

Yes, you can use Paypal chargeback on regulated forex brokers. However, Paypal can resist processing the chargeback, claiming that forex transactions are intangible.  

Clients can file a dispute with PayPal or contact their debit or credit card company to get the charge reversed in specific scenarios.

All our listed brokers are the best Paypal Forex Brokers. However, eToro holds the top position. 

Yes! If your dispute were successful, the broker would have to refund your money. However, non-regulated brokers remain out of the scope.  

Some of these are no minimum deposit Paypal brokers, while the rest ask for a minimum deposit. For example, eToro accepts a minimum deposit of $10, whereas clients can get started with a minimum funding of $20 at capital.com. On the other hand, there is no minimum deposit to sign up with Pepperstone. 

Yes! All our listed brokers offer proprietary or third-party mobile trading apps that accept Paypal deposits.