Therefore, PayPal can be a viable payment method for smaller amounts. PayPal fees can range from a few dollars to as much as 1.5% of the transaction value. Today, a growing number of brokers allow traders to make deposits using cryptocurrencies, such as bitcoin (check out our guide to the best bitcoin brokers). In Asia, WeChat and FasaPay are popular methods for sending and receiving funds. Other popular alternatives to using PayPal for funding your forex trading account are Skrill and Neteller, both of which are widely available in Europe (for other international regions, check with your broker directly to see if these methods are available). Most often, the easiest and most straightforward alternative payment method (if you don’t have access to an e-wallet such as PayPal) for funding your trading account is simply to use a debit card. Check out more helpful tips in our full guide on how to avoid forex broker scams. Always remember to follow the explicit instructions that come directly from your regulated forex broker’s website to protect yourself from scams. Note: Some brokers require that you fund your live trading account with a credit card before allowing you to use PayPal as a deposit method. From within your PayPal account, you’ll need to authorize the payment to fund your brokerage account (and confirm the transaction details).Once you’ve selected PayPal as your payment method, you’ll be redirected to log in to your PayPal account.Read the broker’s payment/funding information to determine if PayPal is available in your region (sometimes your forex broker will accept PayPal – but only in certain countries or regions).Log in to your broker’s client portal or visit the funding page on your broker’s website.Though each forex broker’s process for funding or sending payments may vary slightly, we’ve listed out the most important steps for depositing funds with your forex broker using PayPal: It can take three to five business days for a withdrawal from PayPal to hit your bank account – and you may be charged a fee in the process. Withdrawing funds from PayPal isn’t immediate.Traders will need to open, set up, and maintain a PayPal account in order to use the service as a payment method. Excellent overall, best platform technology We’ve tested dozens of the best forex brokers in the industry (check out our full-length forex broker reviews), and we’ve used the extensive data gathered by our research team to create this list of the best forex brokers that accept PayPal for sending and receiving funds: Since its founding in 1998, PayPal has expanded its services to include credit cards and credit lines, cryptocurrencies, and business operations solutions. PayPal customers link their credit card or checking account directly to their PayPal account, creating a digital payment option for a wide variety of payment scenarios.Īn ecommerce titan, PayPal has processed billions of payment transactions across the globe and expanded its reach to over 200 countries and regions. PayPal is a digital payment platform that enables its users to send and receive electronic payments and make online financial transfers. Our research team has also tested dozens of the best forex brokers in the industry, and we’ve used that data to curate a list of the very best forex brokers that accept PayPal for sending and receiving funds. We’ll examine the pros and cons of using PayPal, and help you decide if PayPal is the right payment option for your needs. Our PayPal guide will answer some of the questions you might have about using PayPal to fund your forex account. PayPal has become a popular payment method for funding forex trading accounts traders appreciate its vast number of supported currencies, worldwide availability, and the platform’s general convenience and affordability. Each year, we collect thousands of data points and publish tens of thousands of words of research. has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
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