When it comes to supported payment options, most forex brokers stick to standard methods like bank transfers or credit cards. Quite a few, however, offer alternative deposit and withdrawal methods as well – like PayPal for example.
PayPal is an online wallet that offers its users a number of benefits. What we like the most is the relative anonymity, and the fact that payments are fast and secure. When paying with PayPal, you don't disclose your credit card or bank details to the merchant (in this case – the broker) – and in most cases your transactions are processed immediately through a secure, SSL connection.
PayPal withdrawals are generally not instant, however they are pretty fast – some brokers process them within24 hours so you get your profits into your PayPal account on the next day.
One thing that you should keep in mind about PayPal is that there are fees for sending money into your PayPal wallet. If you are funding it with a credit card, for example, you would need to pay a a fee of $0.30 + 2.9% of the transferred amount. If you are managing a larger forex portfolio, you should also keep in mind that the maximum amount allowed for a single PayPal transaction is $10,000.
Below is Here is a list of forex brokers, accepting PayPal.
|ECN brokers with PayPal||MT4 Brokers with Paypal||Micro account brokers with Paypal|
|Fixed spread brokers with Paypal|
|$500||1:500||2||Swap free accounts||Review Website|
|$100||1:200||3||up to 75%||Review|
|$50||1:400||3||up to $10,000||Review Website|