Best PayPal Brokers 2025
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
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Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
Instruments Regulator Platforms CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
Established in Poland in 2002, XTB caters to over a million clients worldwide. This forex and CFD broker offers a robust regulatory framework, a diverse range of assets, and prioritises trader satisfaction. It provides an intuitive proprietary platform equipped with excellent tools to support aspiring traders.
Instruments Regulator Platforms CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti xStation Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 -
Founded in 1989, CMC Markets is a reputable broker publicly listed on the London Stock Exchange. It holds authorisation from top-tier regulators such as the FCA, ASIC, and CIRO. The brokerage, which has received multiple awards, boasts a global membership exceeding one million traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA Web, MT4, TradingView Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) -
Founded in 2006, FxPro has built a reputation as a reliable non-dealing desk (NDD) broker, providing trading access across more than 2,100 markets to over 2 million clients globally. It has received over 100 industry awards, reflecting its favourable conditions for active traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower Min. Deposit Min. Trade Leverage $100 0.01 Lots 1:30 (Retail), 1:500 (Pro) -
Founded in 1974, IG is a part of IG Group Holdings Plc, a publicly listed brokerage (LSE: IGG). The company provides spread betting, CFD, and forex trading, offering access to over 17,000 markets. Its platforms and investing apps are notably user-friendly. Over the past 50 years, IG has consistently been an industry leader, excelling in all essential areas for traders.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:30 (Retail), 1:222 (Pro) -
IC Trading belongs to the reputable IC Markets group. Designed for dedicated traders, it offers highly competitive spreads, dependable order execution, and sophisticated trading tools. However, it operates from Mauritius, an offshore financial centre, allowing high leverage but within a less regulated environment.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures FSC MT4, MT5, cTrader, AutoChartist, TradingCentral Min. Deposit Min. Trade Leverage $200 0.01 Lots 1:500 -
Eightcap, an acclaimed broker regulated by the FCA, offers exceptionally low trading costs. Recognised as the top-rated brand by TradingView's vast user base of 100 million, traders can directly access the platform. UK traders can open a live account with a minimum deposit of just £100.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities ASIC, FCA, CySEC, SCB MT4, MT5, TradingView Min. Deposit Min. Trade Leverage £100 0.01 Lots 1:30 -
Fusion Markets, an online broker since 2017, operates under the regulation of ASIC, VFSC, and FSA. Renowned for offering cost-effective forex and CFD trading, it provides various account options and copy trading solutions to suit diverse trading needs. New clients can begin trading with a simple three-step registration process.
Instruments Regulator Platforms CFDs, Forex, Stocks, Indices, Commodities, Crypto ASIC, VFSC, FSA MT4, MT5, cTrader, TradingView, DupliTrade Min. Deposit Min. Trade Leverage $0 0.01 Lots 1:500 -
Trade Nation is a leading FX and CFD broker regulated in the UK and Australia, among other places. The company provides competitively priced fixed and variable spreads on over 1,000 assets. Traders benefit from advanced platforms and comprehensive training materials. Additionally, the Signal Centre offers valuable trade ideas.
Instruments Regulator Platforms Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) FCA, ASIC, FSCA, SCB, FSA MT4 Min. Deposit Min. Trade Leverage $0 0.1 Lots 1:500 (entity dependent)
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 X.com 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.
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.
Fees
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 XTB, Eightcap, CMC Markets and Admiral Markets.
Speed
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.
Security
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.
Support
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.
FAQ
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.