Forex.com PayPal

Having an easy way to deposit and withdraw your money is a big deal for most traders. A lot of people really like using PayPal because it just checks all the right boxes in terms of convenience. But here's the thing - not every broker out there actually supports PayPal. So we took a really close look at Forex.com to see if they allow you to use PayPal.

Yes, you can use PayPal to fund your account at Forex.com. Read on to see how you can set it up and what fees you'll be charged for moving your money in and out of your brokerage account.

Using PayPal at Forex.com is easy to set up and convenient

Using PayPal at [Broker name] is easy to set up and convenient

Adam Nasli

Forex • Algo Trading • Market Analysis

I am a seasoned forex trading expert, with nearly a decade of experience in both manual and algorithmic trading. I have personally tested more than 40 different forex brokers, developing an in-depth understanding of the most common platforms, products and fee structures offered by forex brokers.

Learn about our methodology

Adam Nasli

Forex • Algo Trading • Market Analysis

I've thoroughly tested the services of Forex.com with our analyst team by opening a real-money account with them. We put their deposit/withdrawal methods under the microscope and these were our most important findings on using PayPal with them:

• Funding your Forex.com trading account with PayPal is fast and secure.

• PayPal applies fees and restrictions for moving funds in and out of your trading account.

• We also checked whether Forex.com supports Revolut and Wise.

• Visit our comprehensive Forex.com review for 2024 for the full scoop on their services and fees.

Linking your PayPal to your trading account is as easy as ordering pizza online – just a few clicks, and you're ready to enjoy! First thing you'll need to do is open a PayPal account (which is free), then connect your bank account and/or credit or debit cards to your PayPal account. Once you've done that, you'll be able to transfer money right over from your bank or cards into your PayPal balance.

Don't worry, the transactions are seriously secure when you use PayPal. They don't ever give direct access to your bank account or credit/debit card info. PayPal keeps that stuff locked down tight.

Once you've got that PayPal account topped up with funds, you're ready to move that money over to your Forex.comaccount. All you need to do is select PayPal as your deposit method in your brokerage account interface.

But listen, some brokers will put a cap on how much you can deposit all at once using PayPal. So just be aware that there might be a limit on the size of a single PayPal transfer you can make into your trading account.

Is depositing instant with PayPal?

That depends on the broker. Some brokers will process your deposit from your PayPal account instantly, at others it may take up to 3-5 business days for your deposits to show up in your brokerage account.

Even though opening a PayPal account as well as sending money to your bank account and topping up your PayPal account are free of charge, there are some restrictions that apply when using the service. And as with most things in life - you will need to hand out some money in fees. International transactions carry a fee and you will need to pay a conversion fee if a transaction involves different currencies.

International transactions carry a fee and you will need to pay a conversion fee if a transaction involves different currencies.

Keep in mind that chargebacks (requests for payment reversal) only apply to tangible goods purchases. In other words, money sent to your brokerage account via PayPal is a non-reversible transaction.

If you use PayPal to withdraw funds from your trading account (most brokers that accept PayPal will allow you to withdraw money to your PayPal account), you will run into some restrictions.

Once the funds from your trading account are in your PayPal account, you can transfer the money via standard transfer to your linked bank account or cards. The maximum amount you can withdraw to bank cards is $5,000 per transaction and there is a $25,000 limit per transaction on withdrawal to bank accounts.

Instant transfers carry a fee of between $0.25 and $25. It typically takes one business day to transfer money from PayPal to debit/credit cards but transfers to a bank account may take up to 5 days to complete.

If you transfer funds through PayPal in different currencies, you will be charged a currency conversion fee.

Yes, Revolut and Wise are available at Forex.com.

Although Paypal, Revolut and Wise all offer the same services, they do it in different manners and at different costs. You may find that Revolut and Wise are cheaper alternatives, especially when it comes to international and/or multi-currency transactions.

If you really want the totally honest lowdown on Forex.com - everything from their trading conditions and fees down to the nitty-gritty details of how good their overall service actually is - you've got to check out BrokerChooser's in-depth Forex.com review for 2024. Our analysis goes all the way, scrutinizing nearly 600 individual data points on Forex.com. We open up legit, real-money accounts with them and actually execute trades on their platforms. That way, we can give you X-ray vision into exactly how they operate.

If you want to see how Forex.com stacks up against its closest competitors, head over to the list of the best forex brokers in the world that accept PayPal.