Best PayPal forex brokers in 2024

Written by
Eszter Z.
Fact checked by
Adam N.
Updated
3w ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best forex brokers providing PayPal in the United States, updated for 2024:

  1. Fusion Markets is the winner. -Low trading and non-trading fees. Fast and easy account opening. Great customer service.
  2. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  3. IC Markets - Low forex fees. Easy and fast account opening. Free deposit and withdrawal. Offers standard and raw spread accounts.
  4. Pepperstone - Fast and fully digital account opening. Great customer service. Seamless and free deposit and withdrawal.
  5. Tickmill - Low forex fees. Fast and easy account opening. Free deposit and withdrawal.
  6. FP Markets - Low forex fees. Easy and fast account opening and funding. Great education tools.
  7. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  8. Capital.com - Low forex CFD fees. Great account opening experience. Excellent email and chat support.
  9. XTB - Commission-free stocks and ETFs (for trades up to €100k per month). Free and fast deposit and withdrawal. Easy and fast account opening. High interest paid on cash.
  10. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
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Comparison of the top forex brokers using PayPal in 2024

There are many good brokers for trading currencies out there, but the ones in our toplist go the extra mile and also accept PayPal withdrawal and deposits.

Broker
FX commission per lot
Currency pairs (#)
Fusion Markets
$2.25 commission per lot per trade
90
Global Prime
$3.50 commission per lot per trade
56
IC Markets
$3.50 commission per lot per trade
75
Pepperstone
$3.50 commission per lot per trade
100
Tickmill
$2.00 commission per lot per trade
62
FP Markets
$3.00 commission per lot per trade
63
FXTRADING.com
$2.00 commission per lot per trade
51
Capital.com
No commission is charged
125
XTB
No commission is charged
70
Admirals (Admiral Markets)
$3.00 commission per lot per trade
50
Best forex brokers using PayPal in 2024

Popularity of the best PayPal forex brokers

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Fee comparison for the top PayPal forex brokers

How much you pay in fees for a trade is a crucial broker selection criteria. We compared the different fees and minimum deposit requirements for you at the top brokers that accept PayPal.

Broker
Deposit fee
Withdrawal fee
Fusion Markets
$0
$0
Global Prime
$0
$0
IC Markets
$0
$0
Pepperstone
$0
$0
Tickmill
$0
$0
FP Markets
$0
$0
FXTRADING.com
$0
$0
Capital.com
$0
$0
XTB
$0
$0
Admirals (Admiral Markets)
$0
$0
Fee comparison at forex brokers using PayPal in 2024

Forex fees at the top PayPal forex brokers

See the spreads charged by these brokers for the most poopular currency pairs.

Broker
EURUSD spread
AUDUSD spread
Fusion Markets
0.0
0.0
Global Prime
0.1
0.1
IC Markets
0.0
0.0
Pepperstone
0.1
0.2
Tickmill
0.2
0.2
FP Markets
0.1
0.2
FXTRADING.com
0.1
0.2
Capital.com
0.6
0.6
XTB
0.8
1.5
Admirals (Admiral Markets)
0.1
0.6
Spread fees at forex brokers using PayPal in 2024
We collect spreads regularly, please check the tooltip for the date of the data collection.

How to use PayPal with forex trading?

The ability to quickly fund your forex trading account is essential. You can link your bank account and/or credit and debit cards to your PayPal account. This will allow you to make deposits and withdrawals iin a fast and easy manner. The transactions are highly secure as PayPal does not allow direct access to your bank account, or credit/debit card.

You can withdraw money out of PayPal by standard withdrawals/transfers to your linked bank account or cards. There is a withdrawal limit of $5,000 per transaction to bank cards, and a $25,000 limit per transaction on withdrawal to bank accounts. Instant transfers have a fee of between $0.25 and $25.

Make sure the name on your bank account matches the name on your PayPal account. If the bank information is incorrect, the transfer will be returned and you will be charged a fee. Withdrawals to bank accounts are typically done within one business day, but the amount may take up to 5 days to show up in your bank account depending on the bank you use.

Be aware that a currency conversion fee may apply when transferring funds through PayPal.

What are the pros and cons of using PayPal?

The advantages are:

  • Transferring funds is fast and secure. Sending money to your bank account or adding money to your PayPal account is free.
  • You can link several bank accounts or credit or debit cards to your PayPal account.
  • Opening a PayPal account is free.

The disadvantages are:

  • A fee applies when you send or receive international payment.
  • A coversion feel may apply if the transaction involves different currencies.
  • Chargebacks (request for payment reversal) only apply to tangible goods purchases, not to trading.

What makes a good forex broker? It has to be user-friendly, offer fair forex fees and good withdrawal options with low fees. We put together the list of top forex brokers if you want to see other broker options.

And now, let's see the best forex brokers that accept PayPal one by one, starting with the winner, Fusion Markets.

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku
Withdrawal fee $0
Currency pairs 90
Inactivity fee No
Read review For a detailed analysis of Fusion Markets services, check out our review for 2024

Recommended for forex and CFD traders who are familiar with the MetaTrader trading platforms

Visit broker
74-89% of retail CFD accounts lose money

Global Prime snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, GATE8, DragonPay, VNPay, PromptPay, Bpay, POLi, AstroPay, Interac, PayID, Perfect Money, XPay, Rapyd, BinancePay, Jeton, Mifinity, FasaPay, Pagsmile
Withdrawal fee $0
Currency pairs 56
Inactivity fee No
Read review For a detailed analysis of Global Prime services, check out our review for 2024

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker
74.32% of retail CFD accounts lose money

IC Markets snapshot
Minimum deposit $200
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal method Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna
Withdrawal fee $0
Currency pairs 75
Inactivity fee No
Read review For a detailed analysis of IC Markets services, check out our review for 2024

Recommended for forex traders looking for great account opening and customer service

Visit broker
74-89% of retail CFD accounts lose money

Pepperstone snapshot
Minimum deposit $0
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Withdrawal method Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID
Withdrawal fee $0
Currency pairs 100
Inactivity fee No
Read review For a detailed analysis of Pepperstone services, check out our review for 2024

Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform

Visit broker
70% of retail CFD accounts lose money

Tickmill snapshot
Minimum deposit $100
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal
Withdrawal fee $0
Currency pairs 62
Inactivity fee No
Read review For a detailed analysis of Tickmill services, check out our review for 2024

Recommended for forex and CFD traders familiar with the MetaTrader and IRESS trading platforms

Visit broker
73.85% of retail CFD accounts lose money

FP Markets snapshot
Minimum deposit $50
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, Neteller, Skrill, China Union Pay, BPay, PoliPay, Fasapay, Ngang Luong, PayTrust, PayPal, Interac, Dragonpay
Withdrawal method Bank transfer, Credit/debit cards, Neteller, Skrill, China Union Pay, BPay, PoliPay, Fasapay, Ngang Luong, PayTrust, PayPal, Interac, Dragonpay
Withdrawal fee $0
Currency pairs 63
Inactivity fee No
Read review For a detailed analysis of FP Markets services, check out our review for 2024

Recommended for forex traders who prefer the MetaTrader platform

Visit broker
74-89% of retail CFD accounts lose money

FXTRADING.com snapshot
Minimum deposit $200
Mobile app score 3.3 stars
Deposit method Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, Poli
Withdrawal method Bank transfer, PayPal, Neteller, UnionPay, Poli
Withdrawal fee $0
Currency pairs 51
Inactivity fee No
Read review For a detailed analysis of FXTRADING.com services, check out our review for 2024

Recommended for investors and CFD traders looking for a great trading platform and excellent customer service

Visit broker
80.84% of retail CFD accounts lose money

Capital.com snapshot
Minimum deposit $20
Mobile app score 4.9 stars
Deposit method Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly
Withdrawal method Bank transfer, Credit/debit cards, Apple Pay, PayPal, Neteller, Skrill, Sofort, Trustly
Withdrawal fee $0
Currency pairs 125
Inactivity fee Yes
Read review For a detailed analysis of Capital.com services, check out our review for 2024
XTB Logo

XTB

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker
76-85% of retail CFD accounts lose money

XTB snapshot
Minimum deposit $0
Mobile app score 4.4 stars
Deposit method Bank transfer, Credit/debit cards, Paysafe, Skrill, ecommpay, PayU, PayPal
Withdrawal method Bank transfer
Withdrawal fee $0
Currency pairs 70
Inactivity fee Yes
Read review For a detailed analysis of XTB services, check out our review for 2024

Recommended for forex traders who are familiar with the MetaTrader trading platforms

Visit broker
80% of retail CFD accounts lose money

Admirals (Admiral Markets) snapshot
Minimum deposit $100
Mobile app score 4.3 stars
Deposit method Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal method Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong
Withdrawal fee $0
Currency pairs 50
Inactivity fee Yes
Read review For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2024

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How did BrokerChooser select the best forex brokers using PayPal?

  • We checked brokers that accept Paypal and made sure the broker is regulated by a trusted regulator,
  • Compared fees with a special focus on FX trading fees,
  • Checked minimum deposit requirements,
  • Opened an account and tested the platform (charting, features, usability) with real money.
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FAQ

Can I use PayPal to trade?

Yes, there are several brokers, including forex brokers, that allow you to use PayPal to fund your trades. You have to make sure you have a PayPal account. An increasing number of brokers accept PayPal because they recognise that traders value the safety and speed that PayPal offers.

Will PayPal cover me if I get scammed?

PayPal is considered one of the safest e-payment options. However, if you get scammed by a scam broker, PayPal will not cover your damages. In its user agreement, PayPal says that its liability is limited with respect to your PayPal account and your use of the PayPal services.

PayPal recommends that you report any suspected instances of fraud, such as unauthorised activity on your PayPal account or if you receive fake PayPal emails. Change your password and update your security questions if you think your account has been compromised. PayPal has a “Resolution Centre” on its website where you can report issues. It also provides a list on how to spot fake emails or messages.

If you want to learn more about ways to spot a scam broker, head to this article detailing forex scams.

Does MetaTrader 5 accept PayPal?

MetaTrader 5 (MT5) is not a broker but a platform for trading used by many brokers. As such, you will not be depositing/withdrawing money on MT5 but rather in the secure client area of your broker. PayPal has become a popular money transfering service among traders looking to deposit funds when opening a forex trading account. Our top recommended broker using PayPal, Fusion Markets also has MT5 as a trading platform.

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Author of this article

Eszter Zalán
Eszter Zalán

Eszter is a former Editor and Financial Journalist for BrokerChooser. She wrote and edited BrokerChooser's content from 2021 onwards, bringing her more than a decade-long experience in journalism to the team. She has covered world affairs and several financial crises, and dove deep into SEO and coding to make BrokerChooser's content more accessible to users.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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