PayPal Brokers 2023 - Which Brokers Accept PayPal?

PayPal is a safe and reliable method of transferring money to brokers. In this article, we discuss the pros and cons of trading with PayPal brokers, the fees involved, plus additional facts to help you sign up and log in. We also list the best forex brokers accepting PayPal deposits.

PayPal Brokers

  1. XTB

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    XTB is one of the largest stock exchange-listed forex and CFD brokers in the world, offering access to over 5800 instruments on their xStation platform. They boast 700,000 active traders, 20 years experience and authorization from tier-one regulators, including the UK's FCA.

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    CMC Markets is a trustworthy brand authorized by tier-one regulators including the FCA and ASIC. Advanced trading tools, excellent market research and low fees help the broker stand out from rivals. The no minimum deposit, free demo account and social trading service have also made CMC Markets popular with aspiring traders.

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    Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.

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    IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand.

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    Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

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    Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.

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    IG is an award-winning broker that has an excellent reputation globally. The brand offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.

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    City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders.

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    FxPro is an award-winning forex, CFD and spread betting broker with over 2 million clients worldwide. The broker is regulated in 4 jurisdictions and offers 24/5 customer support, earning it a high trust and safety score. FxPro has also picked up more than 100 industry accolades for its competitive trading conditions, including fast execution and deep liquidity.

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    Plus500 is a leading brokerage, listed on the London Stock Exchange with 25+ million registered traders. The firm specializes in CFD trading on its intuitive, in-house platform and mobile app. Spreads are low and there are no deposit or withdrawal fees. Plus500 also has a high trust score with licenses from reputable regulators, including the FCA, ASIC and CySEC.

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    Fusion Markets is an Australian headquartered and regulated broker that offers low-cost forex and CFD trading. Copy trading, 1:500 leverage plus multiple account types are also available, catering to traders of different experience levels and budgets. New clients can sign up and start trading in three straightforward steps.

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    rating full is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.

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    EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.

  14. OKX

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    OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.

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    Trading 212 is a European-regulated CFD, stock and ETF broker that also offers ISA accounts. Traders can access markets through a proprietary trading platform and speculate on the movements of 1800+ tradeable instruments including forex, stocks, ETFs and commodities.

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    rating full is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC.

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    rating full is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.

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    Ingot Brokers is a multi-regulated brokerage offering CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options with competitive pricing and fast execution. It also has copy trading functionality and a decent suite of extras including educational content and calculators.

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    FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.

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    CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.

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    ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. Over 93.60% of orders are executed at the requested price. ActivTraders also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.

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    FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.

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    Gemini is a crypto exchange offering 90+ cryptocurrencies, a native stablecoin and derivative trading via perpetual swaps. The two proprietary platforms will suit beginners and experienced traders, execution is fast with low slippage and fees are competitive.

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    Global Prime is a multi-regulated trading broker offering 150+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation with a license from the ASIC.

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    Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.

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    Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.

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    Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.

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    Admirals is an FCA- and ASIC-regulated broker with an excellent range of leveraged instruments, including forex, stocks, indices, ETFs, commodities, cryptos and more. The broker supports the MetaTrader 4, MetaTrader 5 and TradingCentral platforms. With both spread betting and CFDs available and thousands of instruments, this broker provides more flexibility than most rivals.

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    RoboMarkets is a Cyprus-based forex, CFD and stock broker aimed at traders from Europe. The broker offers thousands of instruments across six asset classes and provides access to four leading platforms, including MetaTrader 4. With ECN pricing, Cent accounts and algorithmic trading tools, RoboMarkets caters to a range of trading strategies and investing styles.

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    Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.

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What Is PayPal?

PayPal is an online payments system initially designed to replace manual cheques and money orders. Nowadays, its primary purpose is to enable secure payment for goods and services via the internet. As a result, many online brokers accept PayPal deposits and withdrawals.

The PayPal website was formally founded in 2001 when the owner, Elon Musk, renamed the partnership between his two companies and Confinity. The firm went public in 2002 and shortly after, was bought by the online auction site eBay for $1.5 billion. The relationship between eBay and PayPal was fruitful for both parties. It gave security and legitimacy to online payments for goods for the first time in internet history.

Nowadays, PayPal offers much more than secure payment for secondhand goods. Services such as PayPal credit and money pool make it popular for individuals. Plus, PayPal business accounts, loans service (AKA Working Capital) and a point of sale function named ‘Here’ make it perfect for start-up businesses.

Brokers that accept PayPal deposits

Increasingly, the world’s largest e-commerce platforms allow PayPal, including Amazon. In the UK and worldwide, there are 280 million active PayPal users. PayPal trading stock recently rocketed upon the announcement that it will facilitate Bitcoin payments from 2021 in the US.

In forex trading, PayPal is a way of depositing or withdrawing funds with a broker. It is a popular method because of its wide use and consumer trust rating. Traders just need an account linked to a bank account. Accounts not linked to PayPal Credit or bank accounts are classed as unverified and have yearly withdrawal limits.


PayPal is free to sign up. Plus, there is no fee for purchasing goods and services using the e-wallet, meaning that depositing through a trading broker is usually free. However, there are fees on transfers abroad to international accounts. This may impact you if the PayPal brokers you are considering are not UK-based. There is more detail about international charges in the PayPal user agreement.

When withdrawing funds from a trading broker to a PayPal account, it would likely be regarded as a commercial transaction and therefore incur a £0.30 charge. This is a flat fee per transaction – no calculator required.

As of 2020, there is a new inactivity fee placed on dormant PayPal accounts. This can be avoided by logging into the service yearly.

Most forex, stocks and binary options brokers and trading platforms in the UK do not charge fees for depositing with PayPal. This includes eToro, Admiral Markets and Trading 212.


Using PayPal to transfer money is fast. At most currency trading PayPal brokers, the deposit process is instantaneous. Refund and withdrawal times are broker dependant. But once approved, the process is quick. On average, withdrawal via PayPal takes 1-2 working days.


PayPal is known for its security measures, which makes it a trusted payment method. The service encrypts all its customer data, keeping your bank details safe. Plus, it goes beyond that offered by other payment providers by storing data on servers that are unconnected to its front-end. This means that even if PayPal is hacked, your details are secure.

If you’ve deposited money with a broker and are struggling to process a withdrawal, you can request a refund with PayPal within 180 days of the original transaction. Alternatively, if you believe you have not received the service you are paying for, you can open a dispute at the resolution centre.


For any queries related to PayPal payments, you can reach their UK support team using the 24-hour number available on their ‘Contact Us’ page. PayPal may need to verify your identity, but will then be able to help you with your questions and issues including scams, pending payments/refunds, money that is on hold, or if PayPal is just not working.

Alternatively, visit their online Help Centre to use the live chat function (known as the message centre). Customer service at PayPal is generally strong. This is one of their selling points as a business.

Forex brokers that accept PayPal typically have their own customer support teams that can also advise on payment issues.

How To Make PayPal Deposits & Withdrawals

To make a deposit and start trading using PayPal UK, you’ll first need to open an account. If you’re new to PayPal, visit the sign-up page and select open a ‘Personal Account’. You can do this on both desktop and mobile apps. You’ll then go through a verification process. This involves entering your telephone number to enable a text message security code. If you have a My PayPal account already, login using your email address and password. You can increase security by enabling 2-step verification.

You can either deposit funds into your PayPal account or create a direct link with your credit/debit card so that money will draw down automatically.

To make a deposit using PayPal on your broker’s website, follow the usual steps to fund your account and select PayPal as your payment method. The funds will be taken from your deposit balance or from your bank if you have linked one.

Pros Of Trading With PayPal Brokers

PayPal brokers offer all the benefits of conventional payment methods, for example, vs credit cards, plus some you’ll not find elsewhere:

  • Easy-to-use – PayPal is an extremely intuitive and easy-to-use method for global trade. The website is designed with the user in mind and simplicity is a key factor in its offering.
  • Security – PayPal places the utmost importance on security and support for purchases. At the touch of a button you can access your My PayPal transactions. This will show your payment history, enabling you to act if you spot anything suspicious.
  • Mobile app – The PayPal app makes it easy to track transactions at the touch of a button. You can even pay using their One Touch fingerprint feature. Also, push notifications make you immediately aware of any payments from your account. You can download the app from the relevant app store.
  • Credit card protections still apply – Section 75 of the Consumer Credit Act protects consumers from any breach of contract by your broker. For example, if your broker went bust or did not allow you to trade with your deposited funds, as long as your deposit amount is between £100 and £30,000, you’ll be covered. This rule still applies if you purchase with your credit card through PayPal as long as they have a ‘Commercial Entity Agreement’ with your credit provider.
  • Bitcoin payments – PayPal has a better trust rating than other e-wallets that allow crypto payments. In 2021, in the US, PayPal began allowing payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash. It is likely they’ll continue to expand this functionality across the world, including the UK, in the next few years.

Cons Of Trading With PayPal Brokers

  • Charges for withdrawals – If PayPal considers your transaction commercial, you may incur a fee for receiving funds. Some PayPal brokers also charge for withdrawals.
  • PayPal holding money – Sometimes PayPal might enforce a ‘received pending’ or ‘payment cannot be completed’ notice on your account. The latter usually happens if there is not enough money to complete the transaction. This is one of the downsides of opening a third-party account to process transactions, rather than completing a payment directly with your bank.
  • A target for scams – Many scammers target PayPal users via emails or text messages. They’ll often ask you to reveal your login details with the intention of accessing your funds. Often, the proceeds go on to finance crime. This doesn’t impact the security of the payment method, but customers should be aware that phishing communications are out there.

Final Word On Trading With PayPal Brokers

Overall, PayPal is a fast, secure and cheap option. There are usually no fees for depositing using PayPal, making it low-cost for traders. However, charges may vary if you need to send money internationally or if you’re withdrawing.

On the downsides, withdrawal to a PayPal account may incur a charge. Plus, PayPal is known for freezing accounts or holding money if there is an issue. Despite this, issues are usually resolved quickly and efficiently. Above all, PayPal is know for its smooth customer service ensuring it’s offered by a long list of regulated online forex brokers.


Are PayPal Brokers Safe?

PayPal is widely deemed one of the safest e-wallet systems available. This also means that PayPal Brokers are safe to trade with, as PayPal will avoid working with bad operators. Its 2-factor authentication, data encryption and excellent customer service makes it a reliable payment method. With that said, it’s always worth observing your broker’s trading guidelines when making deposits with PayPal.

What Are The PayPal Transaction Fees?

PayPal does not charge for purchasing goods or services. Therefore, depositing funds with your broker is usually free. However, sending money international usually incurs a small charge which varies by location. Receiving money can also cost too. If PayPal deems the withdrawal a commercial transaction, there may be a charge.

Why Has PayPal Limited My Account?

If PayPal has limited your account, this usually means they suspect someone is using it fraudulently. You can remove these limitations by going to the resolution centre. It will tell you the reason your account has been frozen and how to resolve it. You can also call the PayPal UK helpline where their staff will assist you. Alternatively, most brokers that accept PayPal deposits have their own customer support team that may be able to advise if there is an issue on their end.

Is PayPal Good For Traders?

PayPal is a good choice for depositing funds with a broker. It’s fast, reliable and secure. However, PayPal may charge for receiving funds. Also, some brokers only allow you to withdraw via the same method you deposited, so make sure you check the T&Cs before you transfer or you could face charges. Note brokers with PayPal functionality are listed in our review.

Is PayPal Going To Start Charging?

In 2020, PayPal started to charge for inactive accounts. Whilst the fee is only £12 per year, this is an unnecessary cost. To avoid this, just log into your account yearly. If you’re using your account to deposit with a broker, this also counts as an activity that would negate the fee. See our article for a PayPal supported forex brokers list, many of which also offer MT4.