Brokers That Accept Paypal For Deposit Or Withdrawal

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PayPal Holdings, Inc. (PYPL)

Visitors trend 2W

93.50 -0.02 (-0.02%)
Pre-Market: 9:26AM EDT

Previous Close 91.38
Open 91.10
Bid 93.10 x 800
Ask 92.50 x 800
Day’s Range 90.92 – 94.68
52 Week Range 82.07 – 124.45
Volume 7,077,181
Avg. Volume 9,526,258
Market Cap 109.695B
Beta (5Y Monthly) 0.92
PE Ratio (TTM) 45.18
EPS (TTM) 2.07
Earnings Date Apr 21, 2020 – Apr 26, 2020
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 127.83
Fair Value

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PayPal Brokers 2020 – Which Brokers Accept Paypal Deposits ?

Paypal is by the far the world’s most recognisable form of online payment. The number of brokers that accept Paypal is increasing and Forex trading with Paypal is becoming particularly common. Day trading with Paypal brokers is popular because of how secure the method is and how quickly transfers can be made between accounts. Paypal is also easily linked to multiple debit and credit cards, which means making deposits and withdrawals is quick and easy. Paypal forex trading also has the advantage of their strict rules and payment guidelines. These mean that broker sites that accept Paypal could be seen as more trustworthy than those that don’t.

PayPal Brokers

Note: Despite what you may read elsewhere, the following traders do not currently accept Paypal:



With over a quarter of a billion active accounts, Paypal is the world’s largest digital wallet. It was launched back in 1998 as Confinity before merging with Elon Musk’s This company was renamed Paypal in 2001 and went public the following year. Since then Paypal has evolved with mobile and web technology, making its options for transferring money even easier. In the EU, Paypal is registered and licensed in Luxembourg, having moved from the UK in 2007.

Paypal was not developed with trading in mind but, as its ubiquity has grown, so has the inevitability of traders wanting to trade with it. This had led to more and more brokerages accepting Paypal.

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There are strong advantages to trading with brokers who accept Paypal:

  • Transferring funds with Paypal is recognised as being fast, reliable and secure
  • Paypal is easy to use, either on a desktop or through their app
  • Making deposits and withdrawals with Paypal is generally very quick and certainly faster than bank transfers
  • Paypal accounts are easily linked to multiple credit cards, debit cards and bank accounts
  • Paypal is recognised worldwide as a major eWallet
  • Paypal’s strong anti-money laundering restrictions give traders security and potentially enhance the reputation of brokers with Paypal
  • High maximum transfer and withdrawal ($60,000)
  • For forex traders, Paypal works in 56 different currencies
  • Free to open an account
  • No charges for unused account


However, day trading with Paypal does have its disadvantages:

  • Charges on every trading transaction
  • FX fees (foreign transfer fees) are high at 4.5%
  • High transfer fees of between 4-12%
  • Although increasing, trading brokers that accept Paypal are still relatively uncommon.
  • Chargebacks only apply to tangible/physical goods, meaning forex and CFD traders etc. aren’t eligible.

Speed of Paypal Payments

As long as there is money in your account, or in the bank account linked to the Paypal account, funds for or from trading are generally transferred, if not instantly, then very quickly.


There are claims that trading with Paypal is actually safer than using your debit or credit card. Paypal stores your data in a ‘vault’, meaning that the other end of the transaction doesn’t receive any of your card or account details. In short, your privacy is assured.

The one problem of trading with Paypal is that chargebacks can only be claimed for physical goods, not stocks or currencies etc.

Deposits and Withdrawals with Paypal

The vast majority of Paypal traders, including all of those in the UK and US, are able to deposit and withdraw money to and from their Paypal account.

However, some countries (currently including Israel and the Ukraine) are ‘send only’. This means that traders with accounts in those countries can make deposits in their Paypal accounts and send money to others, but not withdraw money from Paypal to their account. This would make Paypal trading in such countries difficult.

Paypal Fees or Costs

Paypal accounts are free to open. New traders will probably already have an account for their online shopping.

Unlike other common day trading digital wallets, such as Skrill or Neteller, there is no charge if your account is unused for a period of time.

The fees for sending and receiving money are generally the same as other digital wallets, but there are instances where it is slightly less and slightly more. Any form of receiving trading money through Paypal will incur a charge; the transfer fee which can rise as high as 12%.

Withdrawing money from your Paypal account to your bank is free, unless you wish for a cheque to be issued.

Is Paypal a good choice for Traders?

Although not the most common, Paypal is generally a good choice for traders although traders should factor in the potential of high transfer fees.

Paypal is becoming more and more integral to how we move money around so we expect brokers to continue to take it up as a payment method.

Traders dealing in larger amounts of money should bear in mind that Paypal has a maximum of £10,000 for any single transaction.

Are There Any Paypal Bonuses?

No. Paypal simply act as a middle-man between bank and broker. Any deposits held for a long period in Paypal accounts don’t even accrue interest.

What Countries Can Use Paypal?

There are currently 203 countries and regions that use Paypal, including all major developed economies.

Any Location-Specific Information?

Paypal is country specific. This means that users in any given country can only link to a bank account they have in that country. The one exception is the USA: US Paypal account holders can link to bank accounts in other countries.

Paypal charges up to four separate fees for cross-border transfers (all prices and percentages relate to the UK)

  • A small, fixed amount per transaction (currently 20p, varies for different countries)
  • A percentage of the transaction amount:
    • Up to £1500 per month (3.4%)
    • Up to £6000 per month (2.9%)
    • Up to £15000 per month (2.4%)
    • Over £15000 per month (1.9%)
  • Currency conversion fee, currently 2.5% above the Base Exchange Rate
  • Potential fees for using debit or credit cards rather than Paypal balance (this is on a transaction-by-transaction basis)


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What is PayPal?

PayPal Holdings, Inc. is an American company operating a worldwide online payment system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. The company operates as a payment processor for online vendors, auction sites, and other commercial users. The fees are commonly low and are charged for benefits such as one-click transactions or password memory.

Most people living in the modern world have probably stumbled across PayPal at some point in their lives. PayPal is arguably one of the most convenient forms of payment in the contemporary world. Anyone, including PayPal forex brokers , who has used this online payment system will have to admit that it is not only fast but also easy to use. PayPal has grown to a giant within the financial services industry and currently has over 240 million registered user accounts.

PayPal itself defines their service as an online service that allows you to make payments, send money as well as accept payments from other people without compromising your personal financial information. It can be used for business as well as personal needs.

Most sophisticated f orex brokers have adopted PayPal transactions and have integrated them into their payment systems .

What are the benefits of tradig with a Forex broker that accepts PayPal?

As highlighted above, making a PayPal payment is a fast, secure, convenient, and simple way to send and receive funds. As such, it makes sense to look for a f orex broker that offers PayPal as a method of payment. Over the years, many online businesses, including top CFD brokers, have integrated online payment merchants or e-wallets such as Skrill (Moneybookers), Neteller , WebMoney , FasaPay, and Astropay but also PayPal as deposit and/or withdrawal options.

Similar to credit card transactions, traders can deposit funds with PayPal directly into their trading account . Funds are settled immediately. Withdrawing funds from your trading account to your PayPal account typically takes 2-3 business days to settle. PayPal is available in over 200 countries worldwide and allows users to hold and send funds in more than 50 currencies, including USD, EUR, GBP, CAD, JPY, INR and many more.

PayPal fees are low compared to many other methods and are suitable for traders. There are no hidden charges, which makes the use of PayPal very transparent. No fees are charged monthly for processing payments and funds can be send from PayPal directly to your bank account .

Are there any disadvantages of using PayPal as a trader?

Due to its low fees and the fact that PayPal can be used to transfer funds immediately to your own trading account, it’s a great solution for the modern trader.

The company imposes different commissions and fees in each transfer of funds that you make that can reach 3% of the total amount transacted. Other charges may apply as well, and unfortunately, their foreign exchange rates are also pretty bad.

There are no fees or costs when you withdraw funds from your trading account to your PayPal wallet if the account currencies match. As an example, if your trading account is in US dollars and you also hold a US dollar wallet with PayPal, the costs for cashing out the money from your trading account are zero (unless the broker you trade with applies fees). However, once you want to send these funds to your local bank account, you may be charged high fees and also unfavourable currency exchange rates.

Another setback is that PayPal’s updated user agreement policies highlight that forex trading is not covered by Purchase Protection. This means that chargebacks are not available for forex trading. PayPal’s user agreement policies describe that stock and CFD trading, similar to gambling or iGaming, is a service and requires entry payments. Therefore, it is excluded from those activities that are eligible for a reimbursement.

Which are the best Forex brokers that allow PayPal transactions on their platforms?

Typically, a CFD broker accepts a number of different payment methods. Credit and debit cards as well as bank wire transfers are the most common payment services made available.

However, top forex brokers offer more options such as e-wallets or even Bitcoin transfers. Forex traders that open a forex account with a reputable PayPal broker have yet another convenient way to deposit funds that is fast and securely.

IC Markets is one of the world’s leading true ECN trading brokers that allows PayPal deposits and withdrawals. IC Markets is an Australia-based CFD broker that is licensed and regulated by ASIC (Australian Securities and Investments Commission), offering an outstanding trading environment with a high level of web security. Minimum deposit requirements are low at only $200, and leverage can be set as high as 500:1. This forex broker offers the popular MT4 and MT5 trading platforms as well as cTrader, which is often utilized by professional traders. Their sophisticated trading environment can also be tested with a demo account.

Pepperstone is another leading Forex and CFD broker that offers PayPal as a deposit and payment option. Pepperstone is licensed and regulated in Australia by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom, providing traders with low-cost pricing across Forex and other financial instruments.

Other payment methods offered by this broker are credit cards and debit cards (VISA and Mastercard), Neteller, Skrill, Poli, fasapay , QIWI, China Union Pay, BPay (for Australian clients only), bank transfer as well as broker to broker transfers. Pepperstone’s revolutionary and unique trading platforms offer liquidity and spreads that have previously only been available to professional or institutional clients such as hedge funds and banks. Ultra-fast execution and a stable trading environment are provided to each user.

All important aspects, such as spreads, leverage (up to 400:1) and speed of execution, are at a world-class level. Their competent, award-winning customer service and account management teams are also one of the best in the industry, excelling in every possible way.

Find The Best PayPal Forex Brokers for your needs

To help you find the Forex broker that is best suited to your needs, take a look at our comparison table and ranking of the best Forex brokers that accept PayPal above. If you require more in-depth information or are looking for more brokers to choose from, check out our detailed individual broker reviews and additional comparison tables.

PayPal Forex Brokers

PayPal system is offered by the PayPal Forex Brokers and investment firms among the other commonly used payment methods as an additional option offered to the clients to perform deposits and withdrawals. The PayPal delivers fast, efficient and initially low-cost money transfer that is commonly accepted within USA, Europe and worldwide too. PayPal is fully licensed and regulated online payment system which working with big corporations and well-established companies while performing necessary money transactions. However, PayPal is not very common among the Forex companies mainly due to their fees and strict internal regulations, therefore most often big brokerage houses including this option to their offering as they comply with the requirements. While paying with PayPal, the client’s transaction processed immediately through the secured connection using the latest encryption methods. The anonymous transactions bringing many benefits to the traders and brokers as well, while most residents from all countries can use and consider this payment method.

Compare Brokers That Accept PayPal

For our paypal comparison, we found 6 brokers that are suitable and accept traders from United States of America.

We found 6 broker accounts (out of 147) that are suitable for PayPal.

Spreads From

What can you trade?

  • Forex
  • Crypto currencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG


  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

68% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Finding a Broker That Accepts PayPal

For those who are interested in opening an account with a forex broker, there are several factors which need to be considered.

Firstly, the broker in question should be regulated and trustworthy. Beyond that though, other features, such as a wide variety of underlying assets and amenable spreads, are also important. For example, the available payment methods can be just as critical, as you must be able to withdraw and deposit funds in order to trade.

Why Use PayPal as a Trading Payment Option?

One thing that makes PayPal a great payment option is that it’s simple to use. With just a few clicks, you can make instant deposits while PayPal’s service coverage is offered in 202 countries worldwide and in 52 different currencies, including but not limited to USD, CAD, EUR, DKK, JPY, GBP and INR.

PayPal also supports a wide range of payment platforms including e-Banking, PLAN and MXN. PayPal allows you to make payments online through your email address. You can deposit money to your account, instantly send it to your broker and receive any payout and withdraw it to your bank. It also offers a safe and secure online platform for sending money and receiving money electronically.

PayPal’s system of paying fees can also suit trading well. There are no fees charged for opening an account, while the payment fees for PayPal vary according to your location and the payment method used.

Advantages & Disadvantages of Using PayPal as a Payment Option

There are many benefits of using PayPal for forex trading, including:

  • It’s very simple and easy to use. With just a few clicks, you can make your deposits.
  • It has a wide coverage and is available internationally in over 200 countries and 52 currencies.
  • Forex traders don’t need a credit card as PayPal account allows receiving and sending money to up to 202 countries globally, including but not limited to USA, Canada, UK, France and Italy.
  • Payments are instant and withdrawals take less time to reflect in your bank account in comparison to traditional bank transfers.
  • Payments made via credit cards or PayPal account balance are processed instantly.
  • Withdrawal of funds to bank account take at most 3 business days to reflect in bank account once approved by your bank.
  • Forex companies recognise PayPal as a payment method for speeding up transactions. With the endless number of benefits for forex traders, we believe PayPal is certainly the easiest convenience that any trader can ever need.

The main disadvantages of using PayPal are that the payment processing fees may be higher in comparison to a bank transfer, depending on your country and currency. If you don’t already have an account, there is also the additional work involved in setting up and managing a new PayPal account.

Why Choose IG
For PayPal?

IG scored best in our review of the top brokers for paypal, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

Trust Score AAA
Established in 1974
Regulated by Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG

Want to see how IG? We’ve compared their spreads, features, and key information below.

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