Compare the best brokers to trade forex with PayPal

Many brokers around the world do indeed accept PayPal payments. But it’s important to make sure your PayPal broker of choice ticks other significant boxes.
By: Harry Atkins
Harry Atkins
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue… read more.
Updated: Jul 13, 2021
Tip: our preferred broker is, eToro: visit & create account

Looking for good forex brokers to trade currencies with PayPal? Our table below should give you the information you need to settle on a competitive, trustworthy broker that meets your trading needs.

1
Min. Deposit
$200
Exclusive promotion
User Score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Borneo Exchanger, Bradesco, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China UnionPay, ClickandBuy, Contact, Contact Z, Credit Card, Cryptocurrencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, Mailing Cash, Masari, Mastercard, MegaTransfer, Mister Cash, Moneta, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, WebMoney, WebPay, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
AMF, ASIC, CySEC, FCA
67% 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.

What is a PayPal forex broker? 

A PayPal forex broker is simply a trading platform that allows you to fund your account with PayPal. Many users around the world require different payment methods, with PayPal being one of the most prominent. People often want to know how to buy bitcoin using PayPal or ethereum with PayPal. This is also the same circumstance, you are just looking for the platform that accepts PayPal payments.

What is a ‘contract for difference’?

Forex brokers allow you to trade CFDs (contracts for difference). CFDs are investment derivatives that give you the ability to speculate on the price movement of investment assets – pairs of foreign currencies in this case. You’re betting on how those currencies will move in relation to each other, but you don’t actually own the currencies you’re trading. You only own the contract.

How to deposit and withdraw using PayPal

To make a PayPal deposit into your forex account, simply link your PayPal to your broker’s platform. Since PayPal funnels payments through both bank accounts and credit cards, you can then choose which of those two methods works best for your needs.

All of the brokers we’ve listed above accept PayPal. So when you log in, check the payment options (or funds) section. There, you’ll be able to link your forex trading account to your PayPal account. Some only allow you to deposit or withdraw via PayPal. However, many will accept PayPal for both.

What should I look for when I trading forex with PayPal?

  • Find a regulated platform – In the UK, the Financial Conduct Authority regulates forex trading. Any reputable brokerage site will fall under the FCA’s regulatory jurisdiction. If you’re looking into forex and/or CFD trading elsewhere in the world, verify that the broker you choose also complies with the relevant regulatory bodies.
  • Variety of payment methods – Different brokers will accept different methods of payment. PayPal is now a widely accepted way to fund your brokerage account and choice of payment methods is expanding all the time. For instance, some platforms now accept payments in cryptocurrency. Pick somewhere that allows you to deposit and withdraw funds in a way that works for you.
  • Suitable deposit and withdrawal limits – Different platforms will impose different limits on the amount you’re able to deposit or withdraw at any one time. Pick a broker that suits your needs, whether you’re an experienced high roller, or a cautious beginner.
  • Good reputation – With so many brokers and trading platforms to choose from, the prospect of narrowing down your search and picking the best one can be daunting. The good news is that CFD trading platforms have existed for a while, so many of them have a long enough track record to accrue a sizable number of user reviews. Those user reviews, along with media coverage and awards, should help you to figure out whether or not a platform has a strong reputation and can be trusted.
  • Design and ease of use – Learning how to make money by trading forex already takes work and study. Your trading platform shouldn’t require even more work just to figure out how to use it. Choose a platform that’s intuitively designed and easy to use. Is it easy to open a trade? Use high leverage? Or close a trade!
  • Variety of currency pairs Seven currency pairs dominate globally forex exchanges. That said, there are approximately 180 different legal fiat currencies around the world. If you’re interested in branching out beyond typical GBP/USD/EUR trades, seek out a broker that can facilitate a wider range of trades.

FAQs

ℹ Should I fund my forex trading account using PayPal?
ℹ Do you need to share your credit card information with your forex broker?
ℹ How does PayPal fund your account?
ℹ How widespread is PayPal usage by forex brokers around the world?
ℹ How much does it cost to fund a PayPal forex account?
ℹ Is it free to use PayPal?
ℹ Are PayPal accounts secure?
ℹ Is PayPal a safe way to fund your forex account?
ℹ Is PayPal a fast way to fund your forex account?
ℹ Any other features I should look for in a broker?
ℹ Where can I find the best Paypal forex brokers?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Harry Atkins
Financial Writer
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the… read more.