In this article, we will talk about 3 Best forex brokers who accept PayPal as a deposit & withdrawal option. We will also dive deep into these brokers to see which broker is suitable for you.
Broker | Review | Min Deposit | Spreads | Regulations | Account |
1. AvaTrade  | $100 | Around 0.9 pips | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI | ||
2. Fusion Markets  | $0 | From 0.0 pips | ASIC, VFSC | ||
3. IC Markets  | $200 | From 0.0 pips | ASIC, CySEC, FSA |
What is a PayPal Forex Broker?
A PayPal forex broker is a broker who accept PayPal as a deposit & a withdrawal option. Not all brokers accept PayPal as a payment option. In fact, most brokers do not accept PayPal as a payment option.
The brokers who accept PayPal as a withdrawal option have several strict policies.
These policies include limitations like only being able to withdraw funds through the same method used for the initial deposit. This practice is implemented due to anti-money laundering regulations.
When considering the top PayPal brokers, we considered other factors as well such as regulations, customer support, trading platforms provided and fees charged.
After considering all these, factors, below are 3 best brokers that allow PayPal deposits & withdrawals.
1. AvaTrade
AvaTrade is a highly regulated broker that allows PayPal as a deposit & withdrawal option. AvaTrade broker was founded in Dublin, Ireland in 2006. AvaTrade boasts a massive global customer base of 400,000, who generate over two million trades every month, showcasing significant growth.
The AvaTrade broker is regulated by 9 regulators, including top tier regulators such as Australian Securities and Investment commission (ASIC) and the Central Bank of Ireland.
The AvaTrade broker offers traders with 8 different trading platforms. Including the popular MetaTrader 4 & 5 trading platforms. AvaTrade also offers a mobile trading platform call the AvaTrade Go for traders who prefer mobile trading.
When it comes to copy trading, AvaTrade offers AvaSocial, DupliTrade and ZuluTrade trading platforms. If you are a trader who wants to do copy trading, AvaTrade is a suitable broker for you.
The AvaTrade broker provides 24/5 customer support to traders. You can contact the AvaTrade customer support through email, phone and WhatsApp.
The AvaTrade broker provides traders with 2 main account types. These are the retail trader account and professional trader accounts. They also provide an Islamic account for Islamic traders as well.
For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.
The maximum leverage provided by the AvaTrade broker is 1:400. This is only applicable for international retail clients and professional clients. For EU and Australian retail clients, the max leverage is 1:30.
To start trading with the AvaTrade broker, you require a minimum deposit of $100. If you are interested in trading with the AvaTrade broker, click the button down below.
2. Fusion markets
Fusion Markets is another great broker that allows traders to withdraw and deposit using PayPal. The Fusion Markets broker was founded in 2017 in Melbourne, Australia by veterans of the Australian forex industry.
Fusion Markets broker is also highly regulated by tier 1 regulators such as Australian Securities and Investment commission (ASIC).
The Fusion Markets broker provides traders with several trading platforms, including TradingView, cTrader and the MetaTrader 4 & 5 trading platforms. Like the AvaTrade broker, you have a choice to trade on mobile, PC and web with the Fusion Markets broker.
The Fusion Markets broker provides traders with 3 main account types. These are Zero Account, Classic Account and Fusion Pro account. For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 commission per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
The Fusion Markets broker provides traders with 24/7 customer support. You can contact the Fusion Markets broker through phone, email and live chat.
The Fusion markets broker provides a leverage of up to 1:500 depending on the country you register from. To start trading with the Fusion Markets broker, you do not require a minimum deposit. Even though this is the case, you need to deposit some money to actually trade.
3. IC Markets
IC Markets broker is another great broker that provides PayPal as a payment option. IC Markets broker was founded in Sydney, Australia in 2007. They were founded by a group of financial industry veterans, who’d already made waves at a major Australian CFD and Forex firm
IC Markets is also highly regulated by tier 1 regulators such as Australian Securities and Investment Commission (ASIC) & Cyprus Securities and Exchange Commission (CySEC).
The IC markets broker provides traders with 4 different trading platforms. These are, TradingView, cTrader, MetaTrader 4 and MetaTrader 5 trading platforms. Like the AvaTrade and the Fusion markets broker, you have a choice to trade on mobile, PC and web with the IC Markets broker.
The IC Markets broker provides traders with 3 main account types. These are the cTrader & TradingView Raw Spread account, MetaTrader Raw Spread account and Standard Account.
For the TradingView Raw spread account, the spreads start from 0.0 pips and the commission charged from $3.0 per lot per side. For the Raw spread MetaTrader account, the spreads start from 0.0 pips and the commission charged from $3.0 per lot per side. For the Standard Account, the spreads start from 0.8 pips and no commission is charged.
The IC Markets broker offers traders with 24/7 customer support. You can contact the IC markets broker through multiple methods. These methods are email, phone and live chat.
The maximum leverage provided by the IC Markets broker is 1:500 depending on the country. For Australian clients, the maximum leverage is only up to 1:30.
To start trading with the IC Markets broker, you require a minimum deposit of $200.
Conclusion
In this article, we talked about 3 great forex brokers who allow PayPal deposits and Withdrawal. Not only these brokers allow PayPal as a payment method but also is highly regulated. As discussed, not all brokers allow PayPal as a payment option, so if PayPal payment option is important to you, you won’t go wrong with any of the brokers discussed in this article.
