PayPal Forex brokers are FX brokers that allow their traders, mostly from the UK, to deposit and withdraw funds using the PayPal payment system. PayPal is an online payment system that allows you to complete any transaction through the internet simple, smart and safe. The service was conceived back in 1999 by a team of programmers, including the infamous CEO of Tesla Motors and SpaceX, Elon Musk.

PayPal enables users to execute transactions by using the PayPal digital wallet, or the PayPal credit card processing system. It is considered to be one of the most popular online payment systems, especially in a country like the UK. Nevertheless, PayPal is used by many Forex traders in more than two hundred countries all around the world.

The ultimate usage of PayPal is that it connects a trader’s Forex account with their bank card or bank account, and manages to keep the trading account in the black. PayPal Forex brokers provide one of the most convenient and low cost methods to deposit and withdraw funds, which is one of the reasons why it dominates over similar services like Neteller and Skrill.

 

PayPal Forex Brokers List

There are many Forex brokers that offer PayPal as an online payment method for traders to withdraw and deposit funds, especially since it is the leading online payment provider. However, some of the best PayPal Forex brokers include: eToro, Plus500, and XTB.

Broker
Description
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Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

What is PayPal?

PayPal Holdings Inc, more commonly known as PayPal, is a US-based company headquartered in San Jose, California. It functions a global operation of an online payments system that provides services of online funds transfers and works as a virtual alternative to the traditional payment methods. The online payments provider works as a processor of payment for online retailers, auction websites, and other commercial users who provide online services to customers. On the other hand, the commercial retailers charge a fee for the trade-off of benefits; these benefits include services like one-click transactions and advertisements. PayPal is considered as the leading online payments provider for clients all over the world.

Pros of PayPal FX Brokers

With PayPal FX Brokers, there are various advantages to its services; there’s a reason why it is the leading online payment provider. The first advantage is that it is extremely easy to use, and it is considered very user-friendly. PayPal is considered to very simple and easily maintained, which means that users will not have a problem setting up their account, or using it. Along with its simplicity and user-friendly features, setting up a PayPal account is completely free!

The second benefit is that it records all of your transactions, by going through their user’s transaction history. PayPal creates and tracks invoices of commercial users, which makes things easier for their users. The online payment provider also offers the features of send electronic checks, follow-up on payments, and even request on refunds on any transaction that have seemed unsatisfactory.  The third benefit is that PayPal is one-hundred and ten percent safely encrypted. With the online payments company, there is an element of encryption that protects all clients’ data with the highest layer of protection. Compared to other payment methods, PayPal has the highest rate of protection.

The fourth advantage of PayPal FX Brokers is that there is a downloadable PC version, and a Mobile version. PayPal has a mobile application, which is offers great access and it is super user-friendly. With the mobile version, users can shop, withdraw, and send money at anytime and anywhere. Another thing that traders benefit in is the fact that transfer transactions are free. Along with setting up an account, sending money is free!

To further push you to join PayPal, loyal customers are rewarded special rewards if they perform online shopping through PayPal.