Forex Trading via paypal deposits in 2020

PayPal is the most popular online money payment system. Its convenience and market presence make it an attractive payment method. It is no surprise that many Forex traders prefer to fund and withdraw their accounts with PayPal.

There really are NOT that many brokers that offer Forex trading via PayPal deposits. Listed below are the best brokers to trade via PayPal.

More on paypal..

The american company operates worldwide and is an online payment processor that is an alternative to paper money, cheques and money orders. They were established in 1998 and later were renamed to PayPal and had their initial public offering in 2002 and became an owned subsidiary of eBay. By mid July 2015, PayPal eventually went independent and split from eBay.

Today Paypal boasts over 200 milliion acitve users worldwide and is the most popular online payment processor.

Only a hand full of the most popular brokers offer Forex trading via PayPal and we have them listed below!

Forex withdrawing using paypal

Forex brokers accepting deposits via PayPal will almost always allow you to withdraw using PayPal. If you deposit via PayPal, most Fx brokers will only allow a withdrawal with the same method you deposited in.

eg.)

Deposit 100usd via PayPal – Withdraw method = Only PayPal

Deposit 100usd via Bank Wire – Withdraw method = Only Bank Wire

Top Forex brokers accepting PayPal

Updated for 2020!

The brokers below have been verified to accept deposits via PayPal for 2020. Many other websites claim to list brokers that accept PayPal but in reality they do not. The Forex brokers below legitimately accept PayPal as a funding method in 2020. Remember – Only select countries accept paypal**

fpmarkets Paypal

Broker Type	ECN
Regulations	ASIC, CySEC
Min Deposit	$100.00 USD
Account Base Currency	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Max Leverage	1:500
Trading Platforms	IRESS, Metatrader 4 and 5, MAM, PAMM

IC Markets Paypal

Broker Type	ECN
Regulations	ASIC
Min Deposit	$200.00
Account Base Currency	USD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD
Max Leverage	500:1
Trading Platforms	Metatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM

Pepperstone Paypal

Broker Type	ECN
Regulations	ASIC
Min Deposit	$200.00
Account Base Currency	USD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD
Max Leverage	500:1
Trading Platforms	Metatrader 4/5, cTrader, Webtrader, API Trading, MAM / PAMM

Only select countries accept paypal**

Oanda Paypal

Broker Type	Market Maker
Regulations	IIROC, CIPF, NFA, FCA, CFTC, ASIC, MAS
Min Deposit	$1.00
Account Base Currency	AUD CAD EUR GBP HKD JYP SGD CHF USD
Max Leverage	50:1
Trading Platforms	Web trading, Metatrader 4, Oanda desktop trading platform

FxPro Paypal

Broker Type	Market maker – no dealing desk
Regulations	CySec, FCA, SCB, DFSA
Min Deposit	$500.00 USD
Account Base Currency	USD, EUR, GBP, AUD, CHF, JPY,PLN
Max Leverage	1:500, EU Clients 1:30
Trading Platforms	Metatrader 4/5, cTrader,FxPro Markets

PayPal is super convenient and fairly quick with its transaction speed (withdrawing/depositing via your bank account). But many Forex brokers do not accept PayPal as a deposit method for many reasons such as:

Not as secure as other online payment systems.
Higher fees for payment processing.
May not be the best method for larger sums of money over $50,000.
PayPal is known to reverse payments due to customer complaints – which is a good thing for clients but not brokers.
PayPal doesn’t allow certain countries to use it services.

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