Forex Brokers Accepting PayPal

Written by Naylyan Nazifova
Naylyan Nazifova is a recognised expert in the online trading field. She has many publications and analysis covering forex trading, stock investing and personal finance. 
, | Updated: May 14, 2024

PayPal is a popular deposit option among online traders, albeit less broadly available compared to credit/debit cards and bank transfers. Our research team tested dozens of regulated online brokers to identify the top 10 trading sites facilitating deposits with PayPal. The brokers featured on our shortlist go the extra mile to deliver a seamless trading experience across all parameters, from tight pricing and flawless order execution to low-cost funding and best-in-class customer support.

1Fusion Markets
Rating: 4.6 ⭐
74-89% of retail CFD accounts lose money
2XTB
Rating: 3.7 ⭐
80% of retail investor accounts lose money
3IC Markets
Rating: 4.8 ⭐
70.64% of retail investor accounts lose money
4City Index
Rating: 4.2 ⭐
69% of retail investor accounts lose money
5eToro
Rating: 4.2 ⭐
51% of retail investor accounts lose money
6Global Prime
Rating: 4.1 ⭐
74-89% of retail CFD accounts lose money
7Tickmill
Rating: 3.4 ⭐
70% of retail investor accounts lose money
8IG
Rating: 4.1 ⭐
70% of retail client accounts lose money
9Pepperstone
Rating: 4.5 ⭐
75.5% of retail investor accounts lose money
10FxPro
Rating: 3.9 ⭐
74% of retail investor accounts lose money

Top 10 Brokers for PayPal Deposits

  1. Fusion Markets is among the younger brokers in the retail trading market, having launched in 2019. Despite its young age, the company knows how to do things right as it offers some of the most affordable trading services in the industry. Customers of Fusion Markets can trade with spreads from zero pips with certain account types.

    Ideal for budget-conscious traders, this broker accepts payments with popular e-wallets like PayPal, Jeton, Neteller, and Skrill. Customers can transfer as much money as they like to their live accounts, although most clients start with $1,500 according to the broker.

    Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
  2. 2. XTB

    XTB is an industry-leading broker specializing in providing forex exchange trading, CFDs, and other related financial products. The multi-asset brokerage offers excellent conditions for over 2,300 CFDs, boasting reliable order execution and spreads as low as 1 pip. XTB is safe to trade with as it carries the stamps of approval of the FCA, CySEC, and KNF.

    PayPal is a viable deposit option for XTB customers registering from the EU. Traders from other jurisdictions can fund their accounts with Skrill, Neteller, bank transfers, and debit/credit cards. The brokerage charges no fees on PayPal deposits and has no minimum deposit requirements.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  3. IC Markets has been providing low-cost trading services to retail customers since 2007. The Australian broker boasts an impressive portfolio of over 2,250 tradable instruments across all major asset classes. The brokerage is suitable for customers of variable experience levels, including scalpers and algorithmic traders.

    Low-volume forex traders can open positions as small as one micro lot (0.01), with spreads from zero pips for highly liquid currency pairs. IC Markets clients can conveniently fund their trading activities with e-wallets like PayPal, Skrill, and Neteller. E-wallet deposits are instant and available in three base currencies (EUR, USD, GBP).

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  4. City Index is a subsidiary of the StoneX Group, an established company listed on the Nasdaq stock exchange. The broker provides varied low-cost services, including forex trading, spread betting, and derivative trading at competitive spreads. Investing in physical precious metals like platinum, gold, and silver is an option for customers seeking portfolio diversification.

    The FCA-licensed broker accepts deposits with cards, bank wire transfers, and PayPal. Customers funding their accounts with the popular e-wallet must deposit at least $50 or the equivalent in pounds sterling or euros. PayPal deposits and withdrawals attract no additional fees on the broker’s behalf.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  5. Launched in 2007, eToro has grown to become the most popular copy trading platform in the industry. Over 30 million customers have chosen this broker for its reliability, transparency, and affordable pricing. The broker operates globally through multiple subsidiaries licensed in Australia, Cyprus, the Seychelles, Abu Dhabi, and the US.

    At eToro, traders can invest in over 5,000 financial instruments, including over 100 crypto assets, major stocks, forex, commodities, and indices. The broker implements rigorous security practices for customer protection and facilitates instant PayPal deposits of up to $10,000 per transaction.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
  6. With over a decade of industry experience, Global Prime is an attractive option for traders insisting on low spreads, free funding, and flexibility. Licensed in Vanuatu and Australia, the broker offers over 150 tradable instruments and minimum spreads from zero pips.

    Customers will benefit from deep interbank liquidity as Global Prime is a non-dealing desk broker with superb execution speeds of under ten milliseconds. Traders with live accounts can fund their balance fee-free via cards, bank transfers, cryptocurrencies, and six e-wallets, including PayPal.

    Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
  7. Tickmill is a trusted broker serving customers from over 180 countries with licenses from five regulators, including CySEC, FCA, and FSCA. The broker offers exceptional conditions for trading in over 600 financial instruments, including raw spreads from 0.0 pips and affordable round-turn commissions.

    Tickmill clients have access to extensive analysis tools, market sentiments, and webinars, among other great features. The broker supports deposits with bank transfers, cards, online banking, and e-wallets. PayPal deposits are instant and free at Tickmill, with minimum limits of $100 per transaction.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  8. 8. IG

    IG is a renowned international brokerage whose history dates back to the mid-1970s. The company’s global reach currently extends to over 313,000 customers worldwide who chose IG for its competitive trading conditions, transparent approach, and impressive portfolio of 17,000+ tradable markets.

    The broker deviates from the beaten path by facilitating trades with vanilla and barrier options, spread betting, and turbos. IG customers can place orders via ProRealTime and MetaTrader 4. Deposits are possible with debit/credit cards, bank transfers, PayPal, and BPay. Payment method availability depends on customers’ country of access, however.

    CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
  9. Pepperstone emerged in 2010 and quickly gained traction in the retail trading community thanks to its low fees, tight spreads, superb 24/7 support service, and premium product offering. Over 1,200 financial instruments are tradable via the platform, including more than 90 currency pairs, commodities, indices, and stocks.

    This is a legit broker licensed by prominent regulatory bodies like ASIC, FCA, BaFin, and CySEC. Traders can connect their live accounts to reliable third-party platforms like cTrader, TradingView, MT5, and MT4. Several funding options are available at Pepperstone, including Mastercard, Visa, PayPal, international and domestic bank transfers.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  10. 10. FxPro

    Launched in 2006, FXPro ranks among the most trusted retail brokers in the market, offering multiple account options, reliable order execution, and a versatile portfolio covering six asset classes. The broker has over a hundred prestigious industry awards on its trophy rack and services 7.8 million customers from 173 countries.

    It carries licenses from respected financial regulators like the FCA, FSCA, CySEC, and SCB. FXPro relies on ECN execution with no dealing desk intervention during order processing. PayPal deposits usually take approximately ten minutes at FXPro, with a recommended minimum starting amount of $1,000.

    Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to Fund Your Trading Account with PayPal

PayPal facilitates nearly instant deposits to online trading accounts and usually attracts no extra fees on brokers’ behalf. To deposit with this e-wallet, traders must have active PayPal accounts with a sufficient balance. New PayPal users can transfer funds to their PayPal balance by linking their bank accounts or debit/credit cards to the e-wallet.

PayPal users can add funds to their live trading balance in a few simple steps. Assuming you have registered already, you must log into your trading account and click the deposit button to access the cashier. You must then select PayPal as your desired payment method and specify your preferred deposit amount.

The cashier will redirect you to PayPal’s login page where you must enter your PayPal credentials (email/mobile number and password) to access your e-wallet account. The funds will appear in your trading balance shortly after you review and approve the transaction.

Is KYC Required to Use PayPal at Online Brokers?

Traders transacting with PayPal must undergo obligatory account verification either before depositing or withdrawing for the first time. Verifying your trading account is a standard KYC (Know Your Customer) procedure that aims to confirm your identity, permanent residential address, and source of funds.

To this end, each trader must upload clear colored copies of a government-issued identification document (preferably a passport or ID card), utility bill, or bank statement. Customers must also confirm they are the rightful owners of the PayPal accounts they deposit from.

Most brokers usually require no more than one business day to verify new customer accounts if all documents are legible and in order. Keep in mind you must also verify your PayPal account by connecting it to your bank account or card. Users without bank accounts can complete their PayPal verification by submitting proof-of-identity documents.

How to Withdraw from Your Trading Account with PayPal

Most brokers working with PayPal accept the e-wallet for deposits as well as for withdrawals. However, we should warn you that withdrawing with PayPal is only an option for customers who have used the e-wallet to fund their balance. Licensed online brokers always return withdrawals to the originating sources of funds, a regulatory requirement aiming to prevent fraud, money laundering, and terrorist financing.

Withdrawing with PayPal involves roughly the same steps as depositing. You log into your trading account, select the withdrawal option, and enter the amount you want to cash out. Follow the on-screen prompts to complete your withdrawal request and you are good to go. Unlike deposits, withdrawals to PayPal accounts are not instant. Most brokers require one to two business days to release the funds from your available trading balance.

Popular E-Wallet Alternatives to PayPal

Many brokers recommended on our toplist allow deposits with alternative digital wallets functioning similarly to PayPal. Skrill and Neteller are the two most popular wallets in the digital money space and as such, are broadly accepted by online brokerages with a solid global presence. Both facilitate instant fee-free deposits and swift withdrawals in multiple base currencies, including EUR, USD, CAD, GBP, and AUD.

Skrill and Neteller enable traders to transact efficiently and with great ease without worrying about the safety of their sensitive financial information. The other viable options for traders looking to deposit with e-wallets include Perfect Money, Jeton, Fasapay, and BPay. On the downside, these alternative wallets have more limited availability, especially when compared to PayPal.