Paypal Forex Brokers

PayPal is a widely-used digital payment platform that allows its users to send and receive payments electronically. It works as your virtual wallet for making secure online transactions. A lot of people and businesses around the world have been using PayPal to do financial transactions online. This platform has processed billions of payment transactions since 1998.

PayPal is one of the payment methods offered by a few number of international Forex brokers for depositing and withdrawing your funds. It is crucial to be able to fund your Forex trading account and withdraw your money without any problems. That is why your payment method should be one of the most important factors to consider while selecting the best forex broker.

Opening a PayPal account is easy and free. You just need to choose your preferred currency, fill out your information, and verify your account by linking your credit/debit card or bank account.

There are two ways to send electronic payments via PayPal, namely linking your credit/debit card or bank account, and using PayPal balance. Both methods allow you to make deposits and withdrawals quickly and easily. Note that PayPal balance can be added using your card or bank account, or by receiving payments from other PayPal users.

Forex Brokers that Accept PayPal for Deposits and Withdrawals

Below you can find the list of Forex brokers that accept paypal for both deposit and withdrawal of your trading funds.

FPMarkets Malaysia

As a leading Forex broker, FPMarkets provides its clients with various deposit and withdrawal methods, including PayPal. The currencies accepted via PayPal are USD, AUD, CAD, EUR, GBP, HKD, JPY, and SGD. Deposits via PayPal are done instantly on MT4 and MT5 platforms, and in 1 business day on the IRESS platform, while all withdrawal transactions are done in 1 business day. FPMarkets does not charge any deposit or withdrawal fees for MT4, MT5, and IRESS platforms. However, PayPal may charge an intermediary transfer fee.

Established in 2005, FPMarkets is an international Forex broker regulated by the ASIC, CySEC, and ESMA. Here, you can trade in Forex (60+ currency pairs), shares, indices, commodities, bonds, and metals with leverage up to 1:30. To open an account at FPMarkets, you need to deposit a minimum of 100 AUD or equivalent, then you can start trading with low spreads from 0 pips on MT4, MT5, and IRESS platforms with low to zero commission.

Regulations: CySEC, ASIC
Country: Australia

Open FPMarkets account

FPMarkets Malaysia Review

Advantages of using PayPal with a Forex broker

There are many other payment methods offered by Forex brokers, so you may wonder why you should consider PayPal as your deposit and withdrawal method. Here are several reasons why using PayPal as your payment method can be beneficial for your trading in the long term:

👌 1. Internationally Available

PayPal is used worldwide by users from 200+ countries. You can access this platform from anywhere in the world as long as you have a steady internet connection. However, note that a few countries are restricted due to sanctions and regulations. So, make sure to check whether your country can use a PayPal payment method.

👌 2. Supporting a Variety of Currencies

This platform supports 25 currencies, such as USD, EUR, GBP, and JPY. This could benefit Forex traders since their transactions usually involve different currencies. You can add various currencies and make one of them your primary choice. Later, you can edit or close your currencies at any time in your account settings.

👌 3. Fast and User-Friendly

PayPal transactions are usually processed quickly, and you can track them directly from your account. The processes are also easy and do not require many steps. However, each Forex broker offers different processing times and fees for deposits and withdrawals, so you need to check your broker's website to determine when your money will be transferred to your Forex or PayPal account.

👌 4. Highly Secure Transaction

Transactions via PayPal are safe and secure since there won’t be any direct access to your source of funds. In other words, this platform acts as an intermediary between you and the bank. Bear in mind that the name on your bank account needs to match the name on your PayPal account, or else your payment transfer will be returned with a fee. You can also activate the 2-step verification process for further authentication.

👌 5. Ability to Link Several Bank Accounts/Cards

Another advantage of PayPal is the option to link several bank accounts or credit/debit cards provided that they are verified and in your name. That way, you can choose your source of funds easily and flexibly according to your needs.