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
Pepperstone
XTB
CMC Markets
IC Markets
FXPro
IG Index
IC TradingSafety Comparison
Compare how safe the Best PayPal Brokers 2025 are and what features they offer to protect traders.
| Broker | Trust Rating | FCA Regulated | Negative Balance Protection | Guaranteed Stop Loss | Segregated Accounts |
|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✘ | ✔ | |
| XTB | ✔ | ✔ | ✔ | ✔ | |
| CMC Markets | ✔ | ✔ | ✔ | ✔ | |
| IC Markets | ✘ | ✔ | ✘ | ✔ | |
| FXPro | ✔ | ✔ | ✘ | ✔ | |
| IG Index | ✔ | ✔ | ✔ | ✔ | |
| IC Trading | ✘ | ✘ | ✘ | ✔ |
Payments Comparison
Compare which popular payment methods the Best PayPal Brokers 2025 support and whether they have trading accounts denominated in British Pounds (GBP).
| Broker | GBP Account | Debit Card | Credit Card | Neteller | Skrill | Apple Pay |
|---|---|---|---|---|---|---|
| Pepperstone | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| XTB | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| CMC Markets | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| IC Markets | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| FXPro | ✔ | ✘ | ✔ | ✔ | ✔ | ✘ |
| IG Index | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ |
| IC Trading | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ |
Mobile Trading Comparison
How good are the Best PayPal Brokers 2025 at mobile trading using apps or other mobile interfaces.
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| Pepperstone | iOS & Android | ✘ | ||
| XTB | iOS & Android | ✔ | ||
| CMC Markets | iOS & Android | ✘ | ||
| IC Markets | iOS & Android | ✘ | ||
| FXPro | iOS & Android | ✘ | ||
| IG Index | iOS & Android | ✔ | ||
| IC Trading | iOS & Android | ✘ |
Beginners Comparison
Are the Best PayPal Brokers 2025 good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Support Rating | Education Rating |
|---|---|---|---|---|---|
| Pepperstone | ✔ | $0 | 0.01 Lots | ||
| XTB | ✔ | $0 | 0.01 Lots | ||
| CMC Markets | ✔ | $0 | 0.01 Lots | ||
| IC Markets | ✔ | $200 | 0.01 Lots | ||
| FXPro | ✔ | $100 | 0.01 Lots | ||
| IG Index | ✔ | $0 | 0.01 Lots | ||
| IC Trading | ✔ | $200 | 0.01 Lots |
Advanced Trading Comparison
Do the Best PayPal Brokers 2025 offer features that allow for more advanced trading strategies?
| Broker | Automated Trading | Pro Account | Leverage | VPS | AI | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| Pepperstone | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✔ | ✔ | ✘ |
| XTB | Open API | ✔ | 1:30 | ✘ | ✘ | ✔ | ✘ |
| CMC Markets | Expert Advisors (EAs) on MetaTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✔ |
| IC Markets | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✘ | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | ✔ | ✘ | ✔ | ✘ |
| FXPro | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✔ | 1:30 (Retail), 1:500 (Pro) | ✔ | ✘ | ✔ | ✘ |
| IG Index | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | ✔ | 1:30 (Retail), 1:222 (Pro) | ✔ | ✘ | ✔ | ✔ |
| IC Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | ✘ | 1:500 | ✔ | ✘ | ✔ | ✘ |
Detailed Rating Comparison
Use this heatmap to compare our detailed ratings for all of the Best PayPal Brokers 2025.
| Broker | Trust | Platforms | Mobile | Assets | Fees | Accounts | Support | Research | Education |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | |||||||||
| XTB | |||||||||
| CMC Markets | |||||||||
| IC Markets | |||||||||
| FXPro | |||||||||
| IG Index | |||||||||
| IC Trading |
Our Take On Pepperstone
"Pepperstone is a premier trading platform, providing tight spreads, swift execution, and sophisticated charting tools for seasoned traders. Beginners benefit from no minimum deposit, comprehensive learning materials, and outstanding 24/7 support."
Tobias Robinson
Reviewer
Pros
- Over the years, Pepperstone has consistently garnered recognition from DayTrading.com’s annual awards. Recently, it was honoured as the 'Best Overall Broker' in 2025 and was the 'Best Forex Broker' runner-up the same year.
- Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
- The award-winning customer support can be accessed through phone, email, or live chat. During tests, response times have consistently been under 5 minutes.
Cons
- Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies.
- Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
- Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app.
Our Take On XTB
"XTB emerges as an ideal option for novice traders, offering the impressive xStation platform, zero commission pricing, no required minimum deposit, and outstanding educational resources, many of which are conveniently integrated into the platform."
Pros
- The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
- XTB has raised its interest rate on uninvested funds and introduced zero-fee ISAs for UK clients, offering access to 3,000 stocks and 700 ETFs for diverse investment opportunities.
- XTB ensures swift access to funds, providing fast withdrawals with same-day payments for requests made before 1 pm.
Cons
- The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
- The research tools at XTB are commendable but have the potential to excel further. Enhancing them with access to top-tier third-party services like Autochartist, Trading Central, and TipRanks would significantly elevate their offering.
- XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
Our Take On CMC Markets
"Equipped with advanced charts and a broad array of tradable CFDs, including an unmatched selection of currencies and bespoke indices, CMC Markets offers an excellent online platform for traders at any level."
Pros
- We've upgraded the 'Assets & Markets' rating due to frequent product enhancements in early 2025. These include extended trading hours for US stocks and the introduction of new share CFDs.
- The brokerage excels with an extensive array of valuable resources, such as pattern recognition scanners, webinars, tutorials, news feeds, and research from reputable sources like Morningstar.
- CMC provides competitive pricing with narrow spreads and low trading fees, except for stock CFDs. The Alpha and Price+ programmes offer additional benefits for active traders, including discounts on spreads of up to 40%.
Cons
- The CMC Markets app provides a comprehensive trading package; however, its design and user experience lag behind market leaders such as eToro.
- A monthly inactivity charge of $10 is imposed after a year's inactivity, potentially discouraging occasional traders.
- Trading stock CFDs comes with a relatively high commission, particularly when compared to low-cost brokers such as IC Markets.
Our Take On IC Markets
"IC Markets provides excellent pricing, swift execution, and easy deposits. With cutting-edge charting tools like TradingView and the Raw Trader Plus account, it continues to be a preferred option for intermediate and advanced traders."
Pros
- Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.
- As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience.
- IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders.
Cons
- Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable.
- The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders.
- Interest is not paid on idle cash, a feature gaining popularity with alternatives such as Interactive Brokers.
Our Take On FXPro
"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."
Pros
- FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.
- FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
- FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
Cons
- There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.
- FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
- FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
Our Take On IG Index
"IG offers a complete package with an intuitive online platform, top-tier beginner education, advanced charting tools through its TradingView integration, real-time data, and swift execution for seasoned traders."
Pros
- As a seasoned broker, IG adheres to stringent regulatory standards across various regions, ensuring significant trust.
- The web-based platform supports traders at every level, offering advanced charting tools and real-time market data vital for trading. Additionally, IG now includes TradingView integration.
- IG provides a wide range of professional and engaging educational materials, such as webinars, articles, and analyses, tailored for traders.
Cons
- Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
- IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
- In the UK and EU, negative balance protection is available. However, US clients lack account protection and guaranteed stop losses.
Our Take On IC Trading
"IC Trading offers an ideal environment, featuring top-tier execution speeds of around 40 milliseconds, extensive liquidity, and advanced charting tools, perfect for scalpers, traders, and algorithmic traders."
Christian Harris
Reviewer
Pros
- The streamlined digital account setup allows traders to commence trading swiftly, eliminating lengthy paperwork. Testing shows the process takes mere minutes.
- IC Trading provides exceptional flexibility, allowing traders to open as many as 10 live accounts and 20 demo accounts. This enables the management of distinct profiles for various activities, including manual and algorithmic trading.
- Trading Central and Autochartist provide valuable technical analysis and actionable ideas. These tools are readily available within the account area or on the cTrader platform.
Cons
- Unlike IC Markets, IC Trading lacks support for social trading via the IC Social app or the ZuluTrade platform.
- Customer support was inadequate during testing, with multiple live chat attempts going unanswered and emails ignored. This raises significant concerns regarding their capacity to manage urgent trading issues.
- The educational materials require significant enhancement unless accessed via the IC Markets website. This limitation is particularly disadvantageous for beginners seeking a thorough learning experience, especially when compared to industry leaders such as eToro.
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.