27 Best Forex brokers that accept PayPal

 

 

Overview

PayPal presents an instant and secure way of depositing and withdrawing funds from a forex trading account.

The emphasis here is on security because PayPal presents several user authentication processes to ensure that any transaction on a forex account using PayPal is being done by the owner of the account only.

 

 

Apart from security, the PayPal digital wallet also offers a fast means of depositing and withdrawing funds, as all transactions are done in an instant.

PayPal also maintains a multi-currency platform (25 currencies supported), so there is no need to perform an offline currency exchange even if the PayPal account currency is different from the currency in which the trading account is maintained.

 

 

PayPal handles the conversion for a very small fee. In this article, we explore the 27 best forex brokers that accept PayPal for your trading convenience.

Here are our 10 Best Forex Brokers that accept PayPal

 

 

Let’s get started with the full breakdown of the Best Forex Brokers that accept PayPal.

 

FXTM

 

 

Overview

ForexTime, also known as FXTM, is a financial service and automated currency broker.

FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities. In total, there are more than 250 different financial instruments to access through FXTM.

 

Pros and Cons

✔️PROS	❌CONS
Superb customer service	Inactivity and withdrawal fees
High maximum leverage	Limited product portfolio
Great educational tools

 

Features

Feature	Information
Regulation	CySEC, FCA, FSCA
Minimum deposit from	US Dollar 100
Average spread from	0.9 pips
Commissions from	No commission
Deposit/Withdrawal Fees	US Dollar 3
Maximum Leverage	1:500 on average
Bonuses	US Dollar 300 Trading Bonus
Customer Support	24/5

 

CMC Markets

 

 

Overview

CMC Markets is a well-established and well-regulated UK online brokerage firm, listed on the London Stock Exchange and a member of the FTSE SmallCap Index.

Services are offered to retail clients as well as institutional clients such as banks, brokers, hedge funds, and trading desks.

 

Pros and Cons

✔️PROS	❌CONS
Low forex fees	Limited product portfolio
Advanced trading platforms.
Great research and educational tools

 

Features

Feature	Information
Regulation	FCA
Minimum deposit from	None
Average spread from	0.7 pips
Commissions from	US Dollar 10
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	US Dollar 250 Referral Bonus
Customer Support	24/5

 

Saxo Bank

 

 

Overview

Saxo Capital Markets is a global service provider with clients across 170 countries, offering trades forex, CFDs, stocks, futures, and ETFs.

The broker operates under Saxo Group, and is a subsidiary of Saxo Bank, along with 9 other legal entities.

 

Pros and Cons

✔️PROS	❌CONS
Low trading fees Transparent fee structure	Relatively slow account opening Very high minimum deposit

 

Features

Feature	Information
Regulation	FCA, ASIC, FINMA
Minimum deposit from	US Dollar 10 000
Average spread from	0.3 pips
Commissions from	‎US Dollar 3
Deposit/Withdrawal Fees	None
Maximum Leverage	1:200
Bonuses	None
Customer Support	24/5

 

XM

 

 

Overview

XM offers excellent trading conditions for trading in a wide range of instruments, including currency trading, CFDs on commodities, indices, energies and stocks, and precious metals on two trading platforms MT4 and MT5.

 

Pros and Cons

✔️PROS	❌CONS
Low CFD and withdrawal fees	Average forex fees
Great educational tools	Inactivity fees

 

Features

Feature	Information
Regulation	IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from	US Dollar 5
Average spread from	0.1 pips
Commissions from	US Dollar 3.5 commission per US Dollar 100 000 traded
Deposit/Withdrawal Fees	None
Maximum Leverage	1:30
Bonuses	US Dollar 30 Trading Bonus
Customer Support	24/5

 

FP Markets

 

 

Overview

FP Markets is a provider of CFD and Forex trade platforms providing execution services to clients from over 100 countries around the world.

FP Markets offers over 10,000 trading instruments across Equity CFDs, Futures CFDs, Indices, Forex, and Bitcoin, making it one of the largest offerings in the industry.

FP Markets pioneered the Direct Market Access (DMA) CFD model in Australia which promotes fair and transparent pricing and focuses on the best possible order execution for clients.

 

Pros and Cons

✔️PROS	❌CONS
Low forex fees	High stock CFD Fees
Streamlined and fast account opening process Fast processing for deposits and withdrawals	Limited product portfolio

 

Features

Feature	Information
Regulation	Australian ASIC, Cypriot CySEC, SCB
Minimum deposit from	US Dollar 100
Average spread from	0.5 pips
Commissions from	US Dollar 55 monthly commission for IRESS Trader users only
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	US Dollar 30 Welcome Bonus
Customer Support	24/5

 

Pepperstone

 

 

Overview

Pepperstone is an Australian-based ECN forex broker founded in 2010. The Melbourne-based company Pepperstone Group Ltd. is ASIC-regulated and also has offices in London, Dallas, Shanghai, and Bangkok.

The broker offers its clients options to trade forex (more than 70 currency pairs), Index CFDs, precious metals, energy, and cryptocurrencies through its MetaTrader and cTrader trading platforms.

It also has a UK subsidiary, which is duly authorized and regulated by the Financial Conduct Authority (FCA).

 

Pros and Cons

✔️PROS	❌CONS
Low forex and equity index CFDs No deposit fee Negative balance protection	Only forex, CFDs, and cryptos available

 

Features

Feature	Information
Regulation	FCA, ASIC
Minimum deposit from	AUD200
Average spread from	0.4 pips
Commissions from	‎US Dollar 3.76 commission per lot per trade
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/5

 

IC Markets

 

 

Overview

IC Markets provides many fantastic features for traders who want to make a living using the markets. The trading platforms include MetaTrader4 and MetaTrader5, and more. Trading products range from forex pairs to CFDs on different underlying assets.

Traders can trade forex CFDs on 60 currency pairs, including the major currency pairs like EUR USD, with tight spreads that start from 0.0 pips.

They can also use up to 1:500 leverage with deep liquidity, although it’s not recommended to use this much leverage on a single trade.

 

Pros and Cons

✔️PROS	❌CONS
Low forex fees Easy and fast account opening Free deposit and withdrawal	No Negative Account Balance Protection A limited number of available CFDs

 

Features

Feature	Information
Regulation	ASIC
Minimum deposit from	US Dollar 200
Average spread from	0.0 pips
Commissions from	‎None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:500
Bonuses	None
Customer Support	24/7

 

AvaTrade

 

 

Overview

AvaTrade is an international provider of trading platforms for forex, CFD, and cryptocurrency traders. With the contracts for difference (CFD) trading for stocks, bonds, indices, ETFs, and commodities.

AvaTrade was founded in 2006 and is headquartered in Dublin, Ireland. It offers retail, options, and professional accounts.

 

Pros and Cons

✔️PROS	❌CONS
A broad range of tradable instruments	High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

 

Features

Feature	Information
Regulation	Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from	US Dollar 100
Average spread from	0.9 pips
Commissions from	No commission on Forex
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	First Deposit Bonus
Customer Support	24/5 – multilingual

 

Easy Markets

 

 

Overview

Easy Markets is a rebranding of established broker Easy-Forex, recognizing that CFDs have enabled Forex brokers to offer more markets to trade.

However, easyMarkets maintains its strength in Forex, with a relatively large range and several Forex products available. It also offers free guaranteed stop-losses and negative balance protection.

easyMarkets provides Forex, Commodities, Metals, Indices, Cryptocurrencies, Shares, and Vanilla Options and offers a web platform and MT4 along with mobile apps for both these platforms.

 

Pros and Cons

✔️Pros The highly simulated demo environment Responsive and professional customer support

❌Cons The Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

 

Features

Feature	Information
Regulation	CySEC
Minimum deposit from	US Dollar 100
Average spread from	0.9 pips
Commissions from	None
Deposit/Withdrawal Fees	None
Maximum Leverage	1:400
Bonuses	US Dollar 25 Sign Up Bonus
Customer Support	24/5

 

IG

 

 

Overview

IG has operated out of the UK since its founding in 1974 and currently serves over 178,000 clients across the globe.

It offers four trading platforms from which over 17,000 assets, across eleven categories, are available for trade. This broker caters to retail traders, professional clients, and institutional firms.

 

Pros and Cons

✔️PROS	❌CONS
No withdrawal fees Low index CFD trading fees	Inactivity fee charges High stock CFD fees

 

Features

Feature	Information
Regulation	FCA, FSCA
Minimum deposit from	No minimum deposit
Average spread from	Variable
Commissions from	£3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal Fees	None
Maximum Leverage	1:200
Bonuses	None offered
Customer Support	24/6

 

Forex.com

 

 

Overview

When it comes to experience, Forex.com has a lot. They are owned by Gain Capital Holdings Inc., which was established in the UK in 1999.

Forex.com was launched in 2001. Not only are they licensed and regulated by the Financial Conduct Authority in the UK, but they also hold several licenses from regulatory bodies around the world.

Their platform is technically advanced, easy to use, and offers a choice of the trading platform. From the app for Android and iOS to their choice of web trading platforms, there is a lot to choose from.

 

Pros and Cons

✔️PROS	❌CONS
Low Forex fees	Limited asset portfolio
The high number of currency pairs Well-regulated	High stock CFD fees

 

Features

Feature	Information
Regulation	FCA, CIMA
Minimum deposit from	US Dollar 50
Average spread from	1 pip
Commissions from	Commissions on the commission account only
Deposit/Withdrawal Fees	None
Maximum Leverage	Variable dependent on instrument traded
Bonuses	20% Welcome Bonus
Customer Support	24/5

 

Plus500

 

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

With a sole mission of being the leading CFD provider in the Forex market. Plus500 takes an innovative approach to trade CFDs which are complex financial products and trading with them requires experience and knowledge. Products are limited to CFDs but users can look forward to web and mobile platforms that are kept up to date.

 

The support team is available at all hours of the day and features a WhatsApp chat line as opposed to a telephone line.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It is a serious and risky activity that requires attention, experience, and knowledge. CFD Service. Your capital is at risk

 

Overall Pros and Cons

Pros	Cons
User experience is efficient	Limited research tools
Trader’s guide with how-to videos	WhatsApp support needs to be optimised
24/7 customer support

Fees and commissions

Features	Prices
Minimum Initial deposit to start trading	€100
Average spread EUR/USD – active	N/A
Average spread EUR/USD – standard	Spread values can be viewed here
VIP or active trader discounts	No

 

XTB

 

 

Overview

XTB is an international broker that has grown rapidly since its foundation in 2002. They were founded in Poland where they still have an office base but have since expanded to become a well-trusted broker around the world.

So much so that they are listed on the Warsaw Stock Exchange under the ticker XTB.

The broker offers a total of 49 currency pairs for you to trade-in. This includes major, minor, and exotic pairs with a spread that starts from 0 pips including a US Dollar 3.50 per lot commission depending on your account type. There are no requotes with XTB.

 

Pros and Cons

✔️Pros Low trading fees Free deposit and withdrawal

❌Cons High stock CFDs Limited asset portfolio

 

Features

Feature	Information
Regulation	KNF, FCA, CySEC and IFSC
Minimum deposit from	US Dollar 250
Average spread from	1.02 pips
Commissions from	0.08% of trade value with US Dollar 8 minimum
Deposit/Withdrawal Fees	US Dollar 30 on withdrawals of less than US Dollar 50
Maximum Leverage	1:500
Bonuses	US Dollar 40 No Deposit Bonus
Customer support	24/5

 

eToro

 

 

Overview

eToro was founded in 2007 and quickly moved to the cutting edge of the financial sector by pioneering the art of social trading–or copy trading.

Not only can members of eToro open and close their own positions for assets such as currencies, stocks, cryptocurrencies, and ETFs, they can also mirror other members by automatically copying trades.

 

Pros and Cons

✔️PROS	❌CONS
Well-regulated	Limited account base currencies
Advanced trading platforms	Withdrawals can be slow
Low minimum deposit

 

Features

Feature	Information
Regulation	CySEC, FCA, ASIC
Minimum deposit from	US Dollar 50
Average spread from	0.75 pips
Commissions from	No commission on stocks and ETFs
Deposit/Withdrawal Fees	US Dollar 5
Maximum Leverage	1:30
Bonuses	US Dollar 50 Welcome Offer And US Dollar 50 Per Referral
Customer Support	24/5 – multilingual

 

Markets.com

 

 

Overview

Markets.com is a brand and trademark used by Safecap Investments Limited. It’s a multi-asset broker offering Contracts for Difference (CFD) to retail traders.
Markets.com has been recognized by industry professionals for its innovative trading platform and first-rate customer service. The firm boasts multiple awards.

Traders seeking a competent, reliable online broker with a huge menu of CFDs to trade at competitive spreads would do well to consider Markets.com as their broker.

 

Pros and Cons

✔️PROS	❌CONS
Free and fast deposit and withdrawal	Limited product portfolio
Easy and fast account opening

 

Features

Feature	Information
Regulation	CySEC, FCA, ASIC, FSC, FSCA
Minimum deposit from	US Dollar 100
Average spread from	1.9 pips
Commissions from	1%
Deposit/Withdrawal Fees	None
Maximum Leverage	1:300
Bonuses	US Dollar 25 No Deposit Bonus
Customer Support	24/5

 

Admiral Markets

 

 

Overview

Admiral Markets is a highly trusted broker that boasts more than 18 years of reliability in the trading industry.

Fans of the MetaTrader platform prefer it for its excellent customer service, sharp spreads, a versatile offering of trading instruments, and advanced features such as the market heat map, the global sentiment indicators, and the economic calendar.

 

Pros and Cons

✔️PROS	❌CONS
Segregated client accounts	No fixed spread accounts
Advanced trading tools Negative balance protection

 

Features

Feature	Information
Regulation	CySEC, FCA, ASIC
Minimum deposit from	US Dollar 50
Average spread from	0.75 pips
Commissions from	No commission on stocks and ETFs
Deposit/Withdrawal Fees	US Dollar 5
Maximum Leverage	1:30
Bonuses	US Dollar 50 Welcome Offer And US Dollar 50 Per Referral
Customer Support	24/5 – multilingual

 

Oanda