3 best Forex Brokers who accept Paypal – Deposits & withdrawals

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.

Open Account:
1. XTB XTB logo
More than 10
Starting 0.0 pips + 3.5$ commission per 1 lot
(50+ currency pairs)
+ Huge varierity
+ Good platform
+ Best service
Personal service

(Risk warning: 72% of retail CFD accounts lose money)

2. IC Markets IC Markets logo
Starting 0.0 pips + $ 3.0 commission per 1 lot
(50+ currency pairs)
+ Good conditions
+ RAW Spreads
+ High liquidity
+ High leverage

(Your capital is at risk)

3. Admiral Markets Admiral Markets logo
Starting 0.0 pips variable + $ 3.0 commission per 1 lot
(40+ currency pairs)
+ Multi-regulated
+ Huge variety
+ Special offers
+ DMA access

(Risk warning: 76% of retail CFD accounts lose money)

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.

3 Best Forex Brokers with PayPal:

  1. XTB – No minimum deposit
  2. IC Markets – Big following of forex traders
  3. Admiral Markets – Good all-rounder

1. 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: 72% of retail CFD accounts lose money)

2. 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)

3. 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: 76% of retail CFD accounts lose money)

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.

What should you look for in a broker that uses PayPal?

Not all forex brokers support PayPal as a payment method. However, the platforms that offer PayPal have a huge advantage in the market.

1. User friendly

It sounds basic, but it is an important feature if you want to trade. A trader should be able to navigate through the platform without any difficulty. It should be simple to access your trading account as well as deposit and withdraw without any problems.

2. Responsive customer care

When choosing a forex broker that uses PayPal, a good customer care team is a crucial factor to consider. Many forex traders face transactional problems during trading.

Especially when depositing or withdrawing funds in their trading accounts. Good customer care has a fast response and can resolve any issues concerning PayPal accounts.

3. Is the forex broker regulated?

Although PayPal has strict rules, it is critical to check if the broker you want is regulated. Regulated brokers are licensed to operate in certain countries and offer broking services. It is crucial to ensure that your deposits are safe.

4. Location

Some countries don’t allow certain forex brokers to offer their services. Similarly, PayPal is not available in certain countries. In other countries, PayPal only allows people to deposit and not withdraw. It is a critical aspect to check before choosing a forex broker. Choose a forex broker licensed to trade within your region. Check if they accept PayPal as a payment method.

5. Trading resources

A good forex trading broker should have educational resources for traders. There should be a demo account that helps in practice trading. It should also have blogs and webinars to help traders.

Other resources that should be present are tools for technical and fundamental analysis. They include the indicators and charting software. They are critical tools when trading because they help traders predict price movement.

 In the process, they help traders make better decisions when forex trading. There are other features like copy trading and automated trading software. They are not necessary, but they are competitive tools that traders need to keep up with the market.

Can PayPal be used for Forex? Do all Forex Brokers use PayPal?

Yes. PayPal can be used for transferring money for trades. However, not all forex brokers use PayPal, but Capital.com and Vantage Markets do.

PayPal is a highly preferred system by most traders and brokers as a means of transaction because this popular system comes with some strict regulations for ensuring the safety of the funds.

So, the next time you plan to trade, do check out beforehand which Forex Broker accepts PayPal. It will be for your safety and betterment, as PayPal would never partner with a scam company that isn’t registered.

Is it necessary to link my bank account to the broker, or can I use PayPal to trade?

It isn’t necessary to link your bank account with the broker. You can simply use PayPal, a safe method for making payments.

Our conclusion on the best Forex Brokers who accept PayPal

Our review of the 3 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.

Last Updated on January 12, 2024 by Andre Witzel