5 best Forex Brokers with PayPal

Today many forex brokers offer clients the option of payment and withdrawals via PayPal as it’s easy, convenient, and secure.

The other benefits are that PayPal is widely recognized around the globe as a trusted payment provider and available in most major countries. By offering PayPal as an option, forex brokers utilize the security built into PayPal and give their clients one more way to make payments and withdrawals. PayPal is also an excellent alternative to credit cards or bank wire transfers.

Broker:Review:Regulation:Spreads:Assets:Advantages:Open Account:
1. IQ Option
IQ Option logo
5 out of 5 stars (5 / 5)
➜ Read the review
CySECStarting 0.0 pips variable500+
(41+ currency pairs)
+ Best platform
+ Binary Trading
+ Support 24/7
+ Min. Deposit 10$

(84% of retail CFD accounts lose money)

2. eToro
Etoro logo
4.9 out of 5 stars (4.9 / 5)
➜ Read the review
CySEC, FCA, ASICStarting 1.0 pips variable2,000+
(52+ currency pairs)
+ Best platform
+ Social Trading
+ Cryptocurrencies
+ PayPal

(71% of private investor accounts lose when trading CFDs)

3. XTB
XTB logo
4.9 out of 5 stars (4.9 / 5)
➜ Read the review
More than 10Starting 0.0 pips + 3.5$ commission per 1 lot3,000+
(50+ currency pairs)
+ Huge varierity
+ Good platform
+ Best service
Personal service

(80% of private investor accounts lose when trading CFDs)

4. IC Markets
IC Markets logo
4.9 out of 5 stars (4.9 / 5)
➜ Read the review
ASIC, CySEC, FSA Starting 0.0 pips + $ 3.0 commission per 1 lot232+
(50+ currency pairs)
+ Good conditions
+ RAW Spreads
+ High liquidity
+ High leverage

(Your capital is at risk)

5. Admiral Markets
Admiral Markets logo
4.8 out of 5 stars (4.8 / 5)
➜ Read the review
FCA, ASIC, CySEC, EFSAStarting 0.0 pips variable + $ 3.0 commission per 1 lot3,000+
(40+ currency pairs)
+ Multi-regulated
+ Huge variety
+ Special offers
+ DMA access

(81% of private investor accounts lose when trading CFDs)

How to use PayPal with Forex Brokers

To top up your forex account, all you need to do is click deposits on your broker’s payment page. Insert the amount you are paying in, and then select PayPal as the payment method.

This will whisk you off to the PayPal login page. Once logged in, you must verify the payment. Your transfer will appear in your forex account instantaneously.

Deposit with PayPal

Deposit with PayPal

Withdrawing cash is just as easy. Again, on the payments page of your forex broker, select withdraw. Enter how much you wish to cash out and enter PayPal as the payment method. Again, this will return you to PayPal, where you will be asked to verify the transaction after you log in. Withdrawals will generally take a couple of days to show up in your PayPal account.

5 Best Forex Brokers with PayPal:

  1. IQ Option – Good for beginners
  2. eToro – Largest social trading network
  3. XTB – No minimum deposit
  4. IC Markets – Big following of forex traders
  5. Admiral Markets – Good all-rounder

1. IQ Option

IQ Option forex broker with Paypal

IQ Option forex broker with Paypal

If your selection criteria for a forex broker is an award-winning trading platform with a clean design and easily navigable, you ought to consider IQ Option.

As well as an intuitive interface, IQ Option is much more than a pretty face. It has been designed to accommodate the needs of even the most discerning of forex traders. The form has not been created at the expense of substance. It has the looks, the brains, and the muscle power; indeed, the fully loaded package. It isn’t easy to see what they may have missed.

For forex traders – old and new investors – there’s much in IQ Option to commend it. And that’s why it has quite rightly been selected for inclusion in our 5 Best Forex Brokers with PayPal guide. In fact, not spotlighting IQ Option would have been somewhat remiss on our part.

So what is the big deal with IQ Option, you may ask.

Its forex trading offering is arguably one of the best out there. You have a great range of currencies to trade, negative balance protection, and automatic closure of your positions. So they have got the three big ‘asks’ well covered.

And if you are in Europe, you have PayPal in addition to a fleet of other payment methods. So even if they don’t offer PayPal in your country, there are plenty of other alternatives and other e-wallets to choose from.

IQ Option is also well placed to service the international forex trading community as the platform has been localized in 13 languages. And they accept 11 different currencies when you set up your account. According to their website, they have a truly A to Z global coverage with clients in 189 countries from Afghanistan to Zambia.

This universal appeal of this award-winning platform is reflected in their phenomenal growth. In six years, they have jumped from 965,000 registered users to over 48 million in 2020. Growth like this is overwhelming evidence that IQ Option is doing something right. You don’t see your customer base grow like that unless you are smashing it big time.

IQ Option advantages:

  • Offers PayPal in Europe
  • Appealing interface
  • Plenty of educational resources
  • Start trading with $10
  • Unlimited demo accounts
  • Robust reputation
  • Proprietary platform
  • Respected forex broker
  • Compatible with a wide number of devices
  • Mobile app available
  • Many great trading features

(Risk Warning: 84% of retail CFD accounts lose money)

2. Etoro

Etoro forex broker with PayPal

Etoro forex broker with PayPal

If you have ventured at all onto the internet in the last few years, it’s doubtful you won’t have seen an eToro advert popping up.

eToro, which features a bull in its logo naturally, is today the largest social trading network on the planet. It’s no great surprise then that they offer the option of PayPal payments and withdrawals given their target audience. They have unashamedly gone after a younger tech-savvy demographic who will undoubtedly be more than familiar with PayPal.

Based in Limassol on the south coast of Cyprus, eToro has grown exponentially to become a forex broker with a high level of consumer awareness. It’s little wonder as they have single-handedly made forex trading sexy and attractive to a generation that might not otherwise have given foreign exchange trading a second thought.

eToro makes into our 5 best Forex Brokers with PayPal review as they have revolutionized money management and are fully integrated with the online payment provider. Unsurprisingly, eToro is a top choice for new forex traders. This popularity is because it is a very user-friendly platform and has placed much emphasis on helping newbies learn the ropes with risk-free demo accounts.

However, you should note that the eToro base is USD. If you deposit in any other currency, you will incur a small charge for doing so. The minimum starting deposit for a live trading account is $200.

So is the blanket advertising mere marketing hyperbole?

No. eToro delivers. It is widely regulated in multiple jurisdictions. The unique selling point of eToro is undeniably its eToro Copy Trader. This is a tool that lets users copy the trading moves of various successful traders without having to lift a finger. But it is also possible to take a more conventional approach to forex trading should you wish.

Those investors who allow others to follow their work and benefit from their expertise earn extra income via eToro’s Popular Investor program. One of the qualifications to become a Popular Investor is a minimum $1000 deposit. Once they have cultivated a following, the Popular Investor is rewarded with a commission and spread rebates.

eToro advantages:

  • PayPal integrated
  • World’s most prominent social trading platform
  • Copy successful traders and portfolios
  • $200 minimum deposit
  • USD only base currency
  • Payments in multiple currencies
  • Trades 47 currency pairs
  • Leverage of up to 1:30
  • Opportunity to earn extra money as a Popular Investor
  • Regulated in multiple jurisdictions
  • Good choice for beginners
  • Millions of users

(Risk Warning: 71% of private investor accounts lose when trading CFDs)

3. XTB

XTB forex broker with PayPal

XTB forex broker with PayPal

Originating in Poland, XTB (X-Trade Brokers) has been around since 2004. Today it is one of the biggest stock exchange listed forex brokers in the world. It has a broad European presence and has offices in a total of 13 countries.

XTB makes the cut in this review as it offers retail traders the opportunity to access the global forex markets and use PayPal as their payment method of choice. It has also consistently polled as one of the top forex brokers. So it is not just us saying this or us being mere XTB cheerleaders.

For us – and you, we suspect – the main selling point for XTB is its policy of having no minimum deposit. This makes XTB particularly attractive to new forex traders who wish to take a tentative approach and get their head around the inner workings of the forex markets.

More experienced and advanced traders will be interested in XTB as it offers the opportunity to trade 48 forex pairs on spreads starting from 0.1 pips.

In addition to offering a host of payment methods, including PayPal, XTB is also renowned for its order execution speed and transparency. And the plaudits for this forex broker continue to flow with their capture of the No.1 spot in EMEA Bloomberg’s FX accuracy table for Q2 of 2020.

Indeed, its powerful xStation 5 platforms, its analysis, and customer support are just three aspects that set XTB apart from the rest of the XTB field.

XTB is also very strong on learning with a dedicated Trading Academy with a ton of resources to help ensure forex traders are well-placed to maximize their returns. Recent features included tutorials on how best to trade amid the US elections and Brexit. You can also find videos, courses aimed at novices and experienced investors, as well as webinars.

Internationally-famous soccer manager José Mourinho is an XTB Ambassador. It’s not clear what he brings to the world of forex trading. However, Mourinho is arguably the greatest and most celebrated manager ever. Clearly, he is excellent at picking a good team.

XTB advantages:

  • Accepts PayPal as a payment method
  • No minimum deposit
  • Trade up to 48 currency pairs
  • Spreads from 0.0 pips
  • One of the world’s largest forex brokers
  • Very strong on trader education
  • Renowned customer service
  • Powerful xStation 5 platform
  • Award-winning analysis
  • Micro Lot trading
  • Fast withdrawals

(Risk Warning: 80% of private investor accounts lose when trading CFDs)

4. IC Markets

IC Markets forex broker with PayPal

IC Markets forex broker with PayPal

With over a million registered accounts and offering PayPal as an option, IC Markets are well on their way to becoming a leader in forex trading. Having declared a mission to provide an outstanding trading environment, this forex broker is a worthy inclusion on our 2021 guide to the 5 Best Forex Brokers with PayPal. You can fund your account in USD, AUD, EUR, JPY, NZD, GBP, SGD, HKD, CAD, and CHF.

Over the course of several years, IC Markets has earned a solid reputation. They have a loyal following in their quest to be an international authority on forex trading.

Behind this status is IC Markets’ well-earned reputation for being a great forex broker. Forex traders are big fans of IC Markets due to its speedy and efficient trade execution and spread from 0.0 pips. The starting deposit of $200 is relatively standard in the industry, but not enough to put beginners off.

Based in Sydney, Australia, IC Markets is widely regarded as a reputable and well established online forex brokerage house. It was launched in 2007 and is regulated by the Australian Securities and Investments Commission. While it is well known Down Under and the best online forex broker, it has a substantial recognition and trust factor on the international stage as well.

This is partly due to IC Markets offering high leverage, low spreads, and competitive fees, amongst other things. Their primary focus is on forex trading, but IC Markets has diversified into other asset classes as well, such as indices, commodities, and futures.

IC Markets offers three trading platforms – MetaTrader 4 and 5, and c Trader – and three varieties of trading accounts to select. The accounts are known as Standard, True ECN, and cTrader ECN. They are all similarly featured, but the True ECN trading accounts offer marginally lower spreads. However, the spreads in all their accounts are low, to begin with.
You can trade with more than 60 currency pairs, including the majors, minors as well as exotics. Leverage is flexible, too, of up to 1:500 with no intervention.

If you are keen to use PayPal as your preferred payment and withdrawal method, do take a look at IC Markets. They are geared up for PayPal and numerous other features to commend them in this review.

IC Markets advantages:

  • Accepts PayPal
  • Multiple currencies options to pay in
  • Zero commission on Standard accounts
  • Spreads from 0.0 pips
  • Micro lot trading
  • 64 currency pairs
  • One-click trading
  • No order distance restriction
  • Suitable for all types of traders
  • All trading styles allowed
  • Islamic accounts

(Risk Warning: Your capital can be at risk)

5. Admiral Markets

Admiral Markets forex broker with PayPal

Admiral Markets forex broker with PayPal

Though Admiral Markets may not have the most extensive customer base, it is certainly a contender in the forex trading stakes. And not least because it accepts PayPal as means to make payments and withdrawals.

However, you should note that PayPal is one of a number of payment methods on offer from Admiral Markets.

Unfortunately, the fine print indicates PayPal is only available in European Economic Areas countries. The accepted currencies are EUR, USD, GBP, PLN, CHF, HUF, CSK, AUD, SEK, and SGD. The T&Cs also show the minimum and maximum amounts you can move around via PayPal in any 24 hours.

On the upside, you can dodge currency fluctuations by opening multiple trading accounts with different base currencies.

However, Admiral Markets firmly makes it onto our forex PayPal broker guide as it is also a good all-rounder that’s efficiently run and regulated by multiple jurisdictions. Headquartered in Tallinn, the capital of Estonia, the group has a worldwide reach with company offices in many major world cities, including Zagreb and London. Among those overseeing its operations are the financial regulatory bodies, including those in Estonia, Australia, the UK, and Cyprus.

With zero commissions and investments starting at one Euro, there’s a lot to feel good about with Admiral Markets. They offer trading on 40 currency pairs that take in majors, minors, and exotics, for starters. Pips start at 0.0, and retail account holders can access leverage of up to 1:30.

The awards haul of Admiral Markets in 2020 included the Best CFD Broker in the Deutsches Kundeninstitut awards – a prize they had won before in 2016 and 2018. They also picked up Best CFD Broker in the Brokerwahl.de awards, a prize they retained from 2019.

Giving further confidence in the standing of Admiral Markets is the fact that it routinely uses external auditors to check that its operations and internal procedures comply with financial regulations.

Customer service is via phone, live chat, or web form. Their forex offering is further supported by a commitment to ensure their clients can make well-informed trading decisions. They do this through a frequently updated series of educational programs purpose-built to teach forex trading and the investment opportunities presented by foreign exchange trading.

Admiral Markets advantages:

  • Multiple currency PayPal pay-in options
  • Start forex trading with 1 Euro
  • Over 40 currency pairs
  • Spreads from 0.0 pips
  • Multiple currency trading accounts
  • Well run and trusted forex broker
  • Regulated in multiple jurisdictions
  • Externally audited
  • Multiple award winners
  • Leverage of up to 1:30/1:500
  • Help to minimize risk

(Risk Warning: 81% of private investor accounts lose when trading CFDs)

Can I pay into my forex account via PayPal?

Yes. PayPal is widely accepted for payment and withdrawal with many forex brokers. However, there are some country-specific limitations, and each broker accepts only certain currencies. Always check on the broker’s site for their up to date PayPal conditions.

Our conclusion on the best Forex Brokers who accept PayPal

Our review of the 5 Best Forex Brokers with PayPal amply demonstrates that it is entirely feasible to pay in and withdraw to your forex trading using this method. We have spotlighted the five we feel are best suited to people wishing to use PayPal as their primary payment means.

However, our review goes further than merely the acceptance of PayPal payments. We have spotlighted five brokers that are heavily regulated in multiple jurisdictions. And they are committed to high levels of transparency.

One more metric we considered necessary in the research was educational resources. All five offer very impressive online resources to teach forex trading. The learning resources are tailored for both forex beginners as well as more seasoned traders. Ultimately, you can never stop learning about forex trading if you wish to be a success.