PayPal is the most well-known way to pay online, no question. More and more brokers are starting to accept it, and using PayPal for Forex trading is getting really popular. Day traders like using brokers that take PayPal because it’s safe and super quick to move money around.
Check out the best brokers that let you deposit and withdraw with PayPal.
70.64 % of retails investor accounts lose money
75.5 % of retails CFD accounts lose money
59.57 % of retails CFD accounts lose money
Trading leveraged product is risky
Here is a quick snapshot of why we think these are the top brokers for PayPal:
Find the right PayPal-supporting broker for your needs with our comparison of key features:
Broker | Minimum Deposit | Instruments | Platforms | Regulators |
$200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | ASIC, CySEC, FSA, CMA | |
$0 | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | |
$100 | CFDs, Forex, Stocks, Indices, Commodities, Crypt | MT4, MT5, TradingView | ASIC, FCA, CySEC, SCB | |
$0 | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) | MT4 | FCA, ASIC, FSCA, SCB, FSA | |
$100 | CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting | FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower | FCA, CySEC, FSCA, SCB, FSA | |
$0 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
How reliable are the top brokers for PayPal and how do they help safeguard your deposits and withdrawals?
Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
4.6 | ✕ | ✓ | ✓ | |
4.6 | ✕ | ✓ | ✓ | |
4.3 | ✕ | ✓ | ✓ | |
4.3 | ✕ | ✓ | ✓ | |
4.4 | ✕ | ✓ | ✓ | |
4.9 | ✓ | ✓ | ✓ |
Are these brokers accepting PayPal good for trading on mobile?
Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
iOS & Android | 3.1 | 4.2 | ✕ | |
iOS & Android | 4.4 | 4.1 | ✕ | |
iOS & Android | 4.8 | 4.4 | ✕ | |
iOS & Android | 4.1 | 3.5 | ✕ | |
iOS & Android | 4.7 | 4.3 | ✕ | |
iOS & Android | 4.6 | 4.6 | ✓ |
Beginners should use PayPal brokers that first support trading with virtual money (a demo account) and provide support to help new traders get started.
Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
✓ | $200 | 0.01 Lots | 3.5 | 4.5 | |
✓ | $0 | 0.01 Lots | 4 | 4.6 | |
✓ | $100 | 0.01 Lots | 3.5 | 4 | |
✓ | $0 | 0.1 Lots | 3.8 | 4.5 | |
✓ | $100 | 0.01 Lots | 4 | 4 | |
✓ | $0 | 0.01 Lots | 5 | 4.5 |
Are these PayPal trading platforms good for advanced traders?
Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✓ | ✕ | ✕ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✓ | ✕ | |
Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✕ | |
Expert Advisors (EAs) on MetaTrader | ✓ | ✕ | ✕ | 1:500 | ✓ | ✕ | |
Expert Advisors (EAs) on MetaTrader | ✕ | ✕ | ✕ | 1:500 (entity dependent) | ✕ | ✕ | |
Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✓ | ✕ | ✓ | 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) | ✓ | ✕ | |
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✓ | ✕ | ✓ | 1:30 (Retail), 1:250 (Pro) | ✓ | ✓ |
Uncover how the top brokers for PayPal deposits compare in core areas following our in-depth assessments.
Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
4.6 | 4 | 3.5 | 3.7 | 4.6 | 4 | 4 | 3.5 | 4.5 | |
4.6 | 4.4 | 3.8 | 4.3 | 4.5 | 4 | 4.3 | 4 | 4.6 | |
4.3 | 4.3 | 3.6 | 4.6 | 3.8 | 4 | 3.5 | 3.5 | 4 | |
4.3 | 4.3 | 3.5 | 3.8 | 4.5 | 4.5 | 3.8 | 3.8 | 4.5 | |
4.4 | 4.3 | 4 | 4.5 | 4 | 3.8 | 4 | 4 | 4 | |
4.9 | 4.9 | 4.5 | 4.3 | 3.5 | 4 | 4.9 | 5 | 4.5 |
“IC Markets gives you great prices, super-fast trades, and easy deposits. They’ve added cool charting tools like TradingView and the Raw Trader Plus account, making them a favorite for experienced day traders.”
Demo Account | Yes |
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
Regulator | ASIC, CySEC, FSA, CMA |
Platforms | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
Minimum Deposit | $200 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
“Pepperstone’s great for day trading because of its tiny spreads, super-fast trades, and pro-level charts for experts. Beginners can get started easily too, since there’s no minimum to deposit, loads of learning stuff, and awesome 24/7 help.“
Demo Account | Yes |
Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting |
Regulator | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
Platforms | MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
“Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it’s also become a stand-out choice for crypto trading, winning our ‘Best Crypto Broker’ award two years in a row.”
Demo Account | Yes |
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Regulator | ASIC, FCA, CySEC, SCB |
Platforms | MT4, MT5, TradingView |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
“Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education.”
Bonus Offer | 200 Sign-Up Reward Points |
Demo Account | Yes |
Instruments | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) |
Regulator | FCA, ASIC, FSCA, SCB, FSA |
Platforms | MT4 |
Minimum Deposit | $0 |
Minimum Trade | 0.1 Lots |
Leverage | 1:500 (entity dependent) |
Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
“FxPro is great for day traders. They’re super quick with trades (under 12ms), dropped their fees in 2022 to be competitive, and have awesome charting on MT4, MT5, cTrader, and FxPro Edge.”
Demo Account | Yes |
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting |
Regulator | FCA, CySEC, FSCA, SCB, FSA |
Platforms | FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) |
Account Currencies | USD, EUR, GBP, AUD, JPY, ZAR, CHF, PLN |
“IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and fast execution speeds for experienced day traders.”
Demo Account | Yes |
Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
Regulator | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM |
Platforms | Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
Minimum Deposit | $0 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:250 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD |
To identify the top PayPal brokers, we:
PayPal’s a huge deal – the biggest digital wallet out there with over 250 million active accounts. It started way back in 1998 as Confinity, then hooked up with Elon Musk’s x.com.
They called it PayPal in 2001 and went public the next year. Since then, they’ve kept up with tech, making it simpler to send money.
In Europe, PayPal’s based in Luxembourg since moving from the UK in ’07.
While it wasn’t originally for trading, PayPal’s so common now that traders naturally want to use it. That’s why more and more brokers now take PayPal.
There are strong advantages to trading with brokers who accept PayPal:
However, day trading with PayPal does have its disadvantages:
As long as there is money in your account, or in the bank account linked to the PayPal account, funds for or from trading are generally transferred, if not instantly, then very quickly.
There are claims that trading with PayPal is actually safer than using your debit or credit card. PayPal stores your data in a ‘vault’, meaning that the other end of the transaction doesn’t receive any of your card or account details. In short, your privacy is assured.
The one problem of trading with PayPal is that chargebacks can only be claimed for physical goods, not stocks or currencies etc.
Most PayPal users, like those in the UK and US, can add and remove money from their PayPal accounts. But some countries, like Israel and Ukraine right now, can only send money. This means if you have an account in those countries, you can put funds into your PayPal account and send payments, but you can’t take money out.
To put money into a PayPal broker like Pepperstone, just go to the deposit area, pick PayPal, and you’ll go to the PayPal site to log in and confirm everything. After you do, you’ll see a summary.
PayPal accounts are free to open. New traders will probably already have an account for their online shopping. Unlike other common day trading digital wallets, such as Skrill or Neteller, there is no charge if your account is unused for some time.
The fees for sending and receiving money are generally the same as other digital wallets, but there are instances where it is slightly less and slightly more. There is no fee for receiving money in your PayPal account. Withdrawing money from your PayPal account to your bank is also free unless you wish for a cheque to be issued.
One ‘hidden’ cost is when transferring currencies via PayPal. The currency conversion is 4.5% above the base rate.
This is worth bearing in mind if trading in a currency that is not the same as the default PayPal balance.
Although not the most common, PayPal is generally a good choice for traders although traders should factor in the potential of high transfer fees.
PayPal is becoming more and more integral to how we move money around so we expect brokers to continue to take it up as a payment method.
Traders dealing in larger amounts of money should bear in mind that PayPal has a maximum of £10,000 for any single transaction.
Brokers who take PayPal may be more likely to offer a wider range of payment options, and that will generally be a positive sign.
Many brokers accept PayPal, but most brokers only accept traders from specific countries, so it depends on your location. Our top list of PayPal brokers will only show brokers that are available in your country.
No. PayPal simply acts as a middle-man between bank and broker. Any deposits held for a long period in PayPal accounts don’t even accrue interest.
Yes, there are currently 200+ countries and regions that use PayPal, including all major developed economies. This makes it one of the most accessible payment methods for day traders.
Think Forex Brokers provides independent comparisons of regulated brokers across forex, stocks, and crypto. Information is for educational purposes only and should not be taken as financial advice. Always verify broker regulation before trading
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