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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