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27 Best Forex brokers that accept PayPal

 

Best Forex Brokers that accepts 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

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.7/5

Rated #227 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

300

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Best UK Forex Brokers Saxo Bank

Overall Rating

4.7/5

Rated #60 of 
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

MiFID

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

170

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

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

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.7/5

Rated #37 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC, CySEC, FSA, SCB

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.9/5

Rated #18 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySEC, ASIC, BVI, FSA

📱 Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

📈 Total Pairs

275+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.9/5

Rated #55 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA

Crypto

Yes (Availability subject to regulations)

📱 Trading Platform

WebTrader

📈 Total Pairs

70

📊 Trading Fees

Low

🕒 Account Activation Time

Varies

🏛️ Visit Broker

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

 

Overall Rating

4.6/5

Rated #69 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA, CySEC, IFSC, KNF

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

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

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

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

 

Overall Rating

4.7/5

Rated #199 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

📱 Trading Desk

MetaTrader 4

MetaTrader 5

Markets.com propietary platform

Crypto

Yes

📈 Total Pairs

67

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.2/5

Rated #214 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

MiFID 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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

 

Overall Rating

4.9/5

Rated #194 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC

📱 Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Crypto