Best Forex Brokers That Accept PayPal

Best Forex Brokers That Accept PayPal

In this guide, we have prepared the best brokers for Forex for you to trade in 2022. We created our top picks by studying the ranking of the best Forex brokers that accept PayPal and other popular payment systems, as well as excellent trading conditions.

Comparison of Best Forex Brokers That Accept PayPal

Broker Do you accept paypal dept fees withdrawal
Minimum Deposit Other payment options Best for
eToro SIMs. $0 deposit / $5 withdrawal US$ 200 ACH transfer, bank transfer, card exchange of copies
AvaTrade SIMs. $0 deposit / $0 withdrawal US$ 100 ACH transfer, bank transfer Simple account opening
IC Markets SIMs. $0 deposit / $0 withdrawal US$ 200 ACH transfer, bank transfer trading speed

eToro — Best Forex Broker That Accepts PayPal for Copy Trading

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eToro earns a spot on our list of the best social trading platforms. They have established themselves as the leading online social trading platform.

87%
PUNCTUATION
ABSTRACT

eToro earns a spot on our list of the best social trading platforms. They have established themselves as the leading online social trading platform, offering user-friendly social trading to millions of traders around the world.

Whatever your level of experience, the eToro platform has a wide range of signal copying and sharing solutions with a vast online social community. They have a large selection of trading instruments (stocks, forex, cryptos, etc.) available on the eToro web and eToro mobile platforms.

Founded in 2006, the eToro online trading platform allows you to easily connect with other traders to view, compare and discuss trading strategies. Patented CopyTrader™ technology allows you to automatically copy trades from another trader's portfolio, creating your own bespoke portfolio.

In addition to copying other traders, you can also place and manage your own trades, which can then be offered to other traders for them to copy.

eToro also has a “Popular Investor Program” where popular investors can earn a second income by being followed and copied by other users on the eToro platform.

There is an eToro club that offers a range of exclusive benefits, services and tools to customers according to their membership level. This includes a dedicated account manager, market analysis, live webinars, expert investment support, premium trading tools, exclusive VIP events and other benefits.

eToro is regulated by some of the most respected regulatory authorities, including CySEC, FCA and ASIC. This ensures they must abide by strict rules and regulations in place to protect investors and gives their clients peace of mind that they are using a trusted social trading platform.

POSITIVE
  • Strict regulation
  • commission free trading
  • Large online trading community
  • CopyTrader™ Technology
  • CopyPortfolios
  • Popular Investors Program
  • eToro club
NEGATIVE
  • No fixed spread accounts

AvaTrade — Best Forex Broker That Accepts PayPal For Simple Account Opening

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AvaTrade is part of our list of best social trading platforms as it offers traders multiple direct and indirect social trading platforms.

91%
PUNCTUATION
ABSTRACT

AvaTrade is part of our list of best social trading platforms as it offers traders multiple direct and indirect social trading platforms.

AvaTrade has partnered with some of the best signal providers in the world to ensure traders can follow the best traders wherever they are.

They also offer self-directed trading on intuitive trading platforms on a wide range of over 250 trading instruments including forex, CFDs and cryptocurrencies.

AvaTrade social trading platforms include:

Mirror Trader — Enjoy manual, semi-automatic or automatic trading by following your preferred signal providers. You can also copy algorithmic trading strategies developed by experienced traders together with leading developers.

ZuluTrade — Select from a large number of signal providers, ranked using various practical parameters, including maximum drawdown and average profitability.

AvaTrade is one of the world's largest online brokers in terms of trading volume. They are regulated in 6 impressive jurisdictions including Europe, Australia and South Africa. Its regulatory licenses span 5 continents. This ensures that you can make safe and secure trades in the comprehensive trading environment they provide.

AvaTrade offers a variety of different social trading platforms along with competitive fees, industry-leading trading infrastructure and excellent customer support.

For these reasons and more, they easily become our best social trading platforms.

POSITIVE
  • More than 250 trading instruments
  • Multiple social trading platforms
  • Free trading tools and indicators
  • Regulation in 6 jurisdictions
  • Excelente suporte to or customer
  • Free Demo Account
NEGATIVE
  • $ 100 minimum deposit

IC Markets — Best Forex Broker That Accepts PayPal With Best Trading Speed

IC Markets

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IC Markets is the world's largest true ECN trading broker, offering over 285 trading instruments across multiple markets.

91%
PUNCTUATION
ABSTRACT

We have included IC Markets in our list of best online brokers as they are an established and regulated broker with first class trading conditions. They operate using the electronic communication network (ECN) brokerage model with more than 50 liquidity providers (LPs).

This means they are able to provide traders with tight spreads and fast trade execution speeds at the best prices available.

The broker offers a choice of popular MetaTrader 4, MetaTrader 5 and cTrader platforms. Trading on the move is possible through mobile trading apps.

Traders can choose from over 230 instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Equities, Equities, Indices, Metals, Energies, Bonds and CFDs.

Best online brokers: IC Markets

In addition to an innovative trading environment, IC Markets has a selection of account types for various customer needs, a generous choice of account deposit and withdrawal methods, trading tools, educational materials and 24-hour multilingual support, 5 days a week via phone, chat and email.

POSITIVE
  • More than 230 trading instruments including Forex, stocks and CFDs
  • Narrow spreads, low commission rates and fast ECN execution speeds
  • Choice of popular and easy-to-use trading platforms
  • regulated brokerage
  • Educational materials and trading tools to help traders
NEGATIVE
  • No fixed spread accounts
  • $ 200 minimum deposit
  • Does not accept US customers

How to deposit and withdraw money with PayPal

Deposit and withdraw money between eToro and PayPal is very simple. However, it is worth noting that eToro does not allow withdrawals directly to PayPal balances.

Instead, the funds would have to go to the bank or card connected to PayPal.

Start by logging into your account. Navigate to “Withdraw Funds” and view your account balance and the amount currently available for withdrawal. You will be charged a $5 fee to withdraw.

In this guide, we have prepared the best Forex brokers for you to trade in 2022. We have created our top picks by studying the ranking of the best Forex brokers that accept PayPal and other popular payment systems as well as excellent trading conditions.

 

Choose the amount you want to withdraw and select “Send”. Then you will need to choose the payment method.

Select PayPal and follow the onscreen instructions to complete the transaction. Withdrawals from eToro may take a few days to process.

To make a deposit via PayPal, simply navigate to the Deposit Funds section.

Choose your preferred payment method (PayPal), the amount you want to deposit in your e-wallet and then “Continue”. You will be taken to PayPal's secure login page.

Once your credentials are entered, you can review the transaction and select “Pay”. With PayPal, deposits can be made in minutes.

Should I Choose Forex Brokers That Accept PayPal?

Absolutely. If PayPal is your main financial institution, then these Forex brokers that accept PayPal are absolutely worth it. Keep in mind that some of these brokers accept withdrawals or deposits using PayPal, but not always both.

Summary About Forex Brokers That Accept Paypal

Our top picks include eToro, AvaTrade and IC Markets. We would have to recommend eToro as one of the most trusted brokers, although it is worth noting that PayPal withdrawals are not available on the platform.

Regardless, each of the brokers we've covered is great for traders looking to stick with PayPal.

In this guide, we have prepared the best Forex brokers for you to trade in 2022. We have created our top picks by studying the ranking of the best Forex brokers that accept PayPal and other popular payment systems as well as excellent trading conditions.Frequently Asked Questions About Forex Brokers That Accept Paypal

What are the pros and cons of PayPal forex brokers?
PayPal Forex transactions are fast, simple, secure and great for trading. Likewise, intangibles do not qualify for chargebacks, which are a common issue on the platform. Investors are safe. However, PayPal has some regulations and limitations that make it difficult to find the platform integrated with Forex brokers.
How can I find a reliable forex broker that accepts PayPal?
We simply recommend using any of the forex brokers that accept PayPal in this guide! All of them are regulated and safe to use.
Is it legal for traders to use PayPal for forex?
It's totally legal to do this if you have an unrestricted PayPal account. However, it is worth noting that you may have to deal with high costs from both PayPal and your broker of choice.
Does eToro offer PayPal Withdrawals?
Unfortunately not. You can choose to make a deposit from your bank or debit card via PayPal to the eToro platform. You can also deposit funds to eToro directly from your PayPal balance. However, it is not possible to withdraw funds from eToro to your PayPal balance. The only way for your funds to reach your PayPal account is to use PayPal to withdraw funds directly to your bank or card.
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