Funding a forex account doesn't need to be a headache. PayPal's popularity as a payment method for forex trading accounts continues to grow due to its vast number of supported currencies, worldwide availability, and the platform’s general convenience and affordability.
If your broker accepts PayPal as a payment method in your region, you can fund your account quickly without digging out your credit card or waiting days for a bank wire to clear.
PayPal also allows you to keep your primary bank details private, sharing them only with PayPal rather than every new brokerage account you open. It’s a fast, secure way to fund and withdraw from your investment accounts across the globe.
However, not every broker accepts PayPal, and availability often changes depending on where you live. In this guide, I’ve cut through the fine print to rank the best PayPal forex brokers in 2026, prioritizing those that offer seamless integration and low fees.
PayPal remains one of the most popular funding methods for forex traders because it allows you to move money instantly, without the hassle of bank wires. I’ve been testing forex brokers at ForexBrokers.com for over ten years, and for this guide, I evaluated brokers' funding policies alongside their platforms, regulatory safety, and market range. Here are my top picks for PayPal brokers in 2026.
Top picks for brokers using PayPal
1. IG – Best PayPal forex broker
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
IG
|
|
£1 |
Yes |
0.91 info |
IG is a great choice for forex traders who want to fund their account via PayPal while trading with a highly regulated firm. As a publicly traded company with a Trust Score of 99, IG offers a high level of security for your deposits. The broker combines this safety with a vast product offering, making it a practical option for traders who need both convenient funding and professional-grade market access.
Funding with PayPal: IG supports PayPal for deposits and withdrawals, providing a faster alternative to traditional bank wires. This allows you to fund your account and begin trading almost immediately once your account is verified. The process is integrated directly into the client portal, and while minimums vary by region, most traders will encounter a minimum deposit of around $250 (or €300). This setup is efficient for active traders who prefer to keep their trading funds separate from their primary bank account.
Product offering: IG’s primary value lies in what you can trade after you deposit. The broker offers access to over 17,000 assets, including forex, CFDs, and options. Execution is reliable across the board, and IG's web platform is powerful enough to handle complex analysis without requiring third-party software. The mobile app also supports full charting capabilities and trading, ensuring you can manage your positions effectively on the go.
Steven's take
"IG is a solid all-around broker. You get the speed of PayPal transfers combined with one of the largest product catalogs in the industry."
Steven Hatzakis

The IG Trading mobile app charting supports trading from the chart, as well as news overlays and multiple concurrent indicators.
2. CMC Markets – 12,000+ tradeable assets
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
CMC Markets
|
|
$0 |
Yes |
1.3 info |
CMC Markets is a compelling option for traders who want to access a vast array of global markets through a highly trusted, publicly traded broker that offers PayPal for deposits and withdrawals. Beyond the convenient funding options, CMC's real value lies in the Next Generation platform, which delivers access to a stunning 12,000+ tradeable instruments.
Flexible funding: The combination of PayPal integration and a zero minimum deposit requirement creates one of the lowest barriers to entry in the industry. You can fund your account with the exact amount required for your strategy, whether that's $50 or $5,000, without worrying about account tiers or deposit minimums. This flexibility allows you to easily test the broker’s execution and platform capabilities using smaller, instant PayPal transfers before scaling up your trading activity.
Platform power and variety: The real draw at CMC Markets is its Next Generation platform, which provides access to over 12,000 tradeable instruments. Unlike standard MetaTrader offerings, Next Generation is built for deep analysis, featuring automated pattern recognition, client sentiment data, and module linking for efficient workspace management. While the sheer number of features can be overwhelming, it ensures that once your PayPal deposit clears, you have access to a trading environment capable of handling complex multi-asset strategies across forex, CFDs, and shares.

The trade ticket on the CMC Markets Next Generation mobile app, showing take profit and stop-loss levels before trade submission.
3. XTB – Best in Class for beginners
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
XTB
|
|
$0 info |
Yes |
0.92 info |
XTB offers a modern, user-friendly trading experience alongside the convenience of PayPal funding. XTB is particularly well-suited for newer traders or those transitioning from simple investing apps, offering a balance of professional tools and an interface that isn't intimidating.
Funding and accessibility: XTB fully integrates PayPal for both deposits and withdrawals, allowing for immediate account funding. Unlike some competitors with zero minimums, XTB generally requires a deposit of around 250 (USD, EUR, or GBP) to get started. While this entry point is slightly higher, the seamless nature of the PayPal transaction means you can go from account verification to placing trades on the xStation 5 platform very quickly. It is a streamlined process designed for traders who value efficiency.
xStation 5 platform: The primary reason to fund an XTB account is the proprietary xStation 5 platform. I've been testing forex trading platforms for over a decade, and I consider xStation 5 to be one of the most intuitive platforms in the industry. You gain access to over 7,000 instruments, including forex, CFDs, and real stocks (depending on your region). The platform features excellent built-in search functions, clear fee reports, and integrated news, making it easy to manage a diversified portfolio without needing a steep learning curve.

XTB xStation mobile app trading ticket and quick chart view with client sentiment data and news headlines.
4. eToro – Best PayPal broker for copy trading
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
eToro
|
|
$50-$10,000 |
Yes |
N/A |
eToro is the premier destination for traders who want to leverage the expertise of others. If you're funding via PayPal to engage in copy trading (automatically replicating the moves of experienced investors) eToro would be my top recommendation.
Social advantage: The integration of PayPal with a low minimum deposit (typically $50) makes eToro incredibly accessible. You can quickly fund your account and immediately allocate capital to a specific "Popular Investor" or a diversified Smart Portfolio. While spreads tend to be slightly higher than ECN brokers, the extra cost buys you access to the industry's best social tools and a user-friendly interface that feels more like a modern app than a traditional trading desk.
5. FXCM  – Top PayPal broker for algo trading
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
FXCM
|
|
Starts from $50 |
Yes |
0.9 info |
FXCM is the ideal destination for traders who want to combine the convenience of PayPal funding with sophisticated algorithmic tools. Backed by the Jefferies Financial Group (NYSE: JEF), FXCM also provides a secure, highly regulated environment for your capital.
Advanced tools and automation: Funding your account via PayPal requires a minimum deposit of just $50, offering a low barrier to entry for a professional-grade platform. Once funded, FXCM shines for its deep support of algo trading, including robust API integration, Python support, and connections to Capitalise.ai. While the range of tradeable markets is narrower than some competitors (around 500 symbols), the broker compensates with "Best in Class" platform tools and execution quality designed specifically for algorithmic and high-frequency strategies.
Other PayPal brokers I tested
6. Capital.com – Low-spread broker
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
Capital.com
|
|
$20 info |
Yes |
0.64 info |
Capital.com is a top pick for cost-conscious traders, offering a low $20 minimum deposit via PayPal and spreads that average just 0.64 pips on the EUR/USD. The proprietary web platform is packed with discovery tools and integrates seamlessly with TradingView for advanced charting. With a Trust Score of 87, it provides a secure environment where beginners can leverage extensive educational resources, like the Investmate app, alongside their trading.
7. OANDA – Trusted global brand
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
OANDA
|
|
$0 |
Yes |
1.68 info |
OANDA is a great choice for traders who value safety and reputation. With a Trust Score of 93 and regulatory oversight from seven Tier-1 agencies (including the CFTC and FCA), it is a secure place to deposit funds via PayPal. There is no minimum deposit, making it accessible for testing the waters. While pricing is generally higher than discount brokers, the "Trade" mobile app and integrated TradingView charts offer a reliable, professional environment for managing your positions.
8. Plus500 – Easy-to-use platform
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
Plus500
|
|
€50 info |
Yes |
1.3 info |
Plus500 combines a perfect Trust Score of 99 with one of the most straightforward platforms in the industry, making it a safe and accessible choice for PayPal users. Funding is seamless, with a typical minimum deposit of around $100 (or €50 in select regions). The proprietary WebTrader platform prioritizes clarity over complexity, ideal for beginners. While it lacks deep customization, the unique "+Insights" feature offers valuable crowd sentiment data across its 2,000+ CFD instruments.
9. AvaTrade – Great for forex options
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
AvaTrade
|
|
$100 |
Yes |
0.93 info |
AvaTrade is a versatile choice for PayPal users, particularly those interested in forex options or expanding their trading skills. With a $100 minimum deposit, you can fund an account that unlocks a massive suite of platforms, including the specialized "AvaOptions" platform and the beginner-friendly WebTrader. It holds a Trust Score of 94 and recently earned "Best in Class" honors for Education, making it a safe, supportive environment for developing traders.
10. Pepperstone – Great choice for MetaTrader
| Company |
Overall Rating |
Minimum Deposit |
PayPal (Deposit/Withdraw) |
Average spread (EUR/USD) - Standard account |
Pepperstone
|
|
$0 |
Yes |
1.1 info |
Pepperstone is the ideal choice for traders who want to use PayPal to fund a wide array of third-party platforms. With a Trust Score of 95 and no minimum deposit, it is an incredibly accessible broker. You can use PayPal to instantly fund accounts for MetaTrader, cTrader, or TradingView, and then access the "Razor" account’s institutional-grade pricing. It is a flexible, low-friction environment for active traders who want the best tools without high entry barriers.
How to deposit using PayPal
Verify availability in your region
Just because a broker lists PayPal as a payment method doesn't mean it's available to every client. Brokers often have different permissions depending on their regulatory license. For example, a broker might accept PayPal for clients in the U.K. or Europe, but restrictions may prevent them from offering it to clients in Australia or parts of Asia. Before you commit, log in to the client portal or check the broker's "Funding" page specifically for your country of residence to confirm PayPal is an option for you.
Making your deposit
Once you've confirmed availability, the actual funding process is usually instant.
- Log in: Access your broker’s secure client area and navigate to the "Deposit" or "Funds" section.
- Select PayPal: Choose PayPal from the list of payment methods.
- Authorize: You will be redirected to the secure PayPal login page. Enter your credentials and authorize the specific amount.
- Confirm: Once the transaction clears (usually instantly), you will be redirected back to your broker, and the funds should appear in your trading balance immediately.
The "Source of Funds" rule (Withdrawals)
This is the most common point of confusion for new traders. Most regulated brokers operate under a "closed-loop" policy to comply with AML regulations. This means you can typically only withdraw funds back to the same PayPal account you used to deposit. You generally cannot deposit via PayPal and then try to withdraw those funds to a bank wire or a different e-wallet. Always plan your funding method with your eventual withdrawal method in mind.
Important restrictions and troubleshooting
In my 10+ years of testing brokers, I've encountered a few specific hurdles you should watch out for:
Name Matching: Your PayPal account name must match the name on your trading account. You cannot use a friend's or spouse's PayPal account to fund your own trading account; most brokers will flag and reject the transaction immediately.
The "Credit Card First" Rule: Some brokers require you to verify your identity by making a small initial deposit via credit or debit card before they unlock PayPal as a funding option.
Currency Conversion: If your PayPal balance is in USD but your trading account is in EUR, PayPal (or the broker) will charge a conversion fee. It is often cheaper to open a trading account in the same currency as your primary PayPal balance.
FAQs
What is PayPal?
PayPal is a digital payment platform that enables its users to send and receive electronic payments and make online financial transfers. PayPal customers link their credit card or checking account directly to their PayPal account, creating a digital payment option for a wide variety of payment scenarios.
An ecommerce titan, PayPal has processed billions of payment transactions across the globe and expanded its reach to over 200 countries and regions. Since its founding in 1998, PayPal has expanded its services to include credit cards and credit lines, cryptocurrencies, and business operations solutions.
Why use PayPal as a trading payment option?
I've found that it’s hard to beat PayPal when it comes to convenience, security, and ease of use. PayPal is fast, safe, and easy to navigate. Traders can quickly make instant deposits to (or withdrawals from) their forex trading accounts with a PayPal account. It’s also relatively affordable; PayPal doesn’t charge fees for opening a new account (though you might be liable for payment fees, depending on your payment method and country of residence).
Another thing that I appreciate about PayPal as a forex trader is that its global presence is massive and it boasts extensive international service coverage. PayPal is available in more than 200 countries and regions, and it supports 25 different currencies, including the USD, CAD, EUR, DKK, JPY, GBP, and INR.
Pros & Cons of funding your forex account with Paypal
Pros
- Traders can use PayPal from pretty much anywhere. PayPal’s international presence is extensive. Traders can send and receive payments in over 200 countries/regions.
- Dozens of supported currencies. PayPal supports 25 currencies, including (but not limited to) USD, EUR, CAD, JPY, and GBP. Check out the full list on PayPal’s website.
- Using PayPal is fast… In most cases, payments are instantaneous. Also, using PayPal to make withdrawals might actually be quicker than traditional bank account transfers.
- …and it’s also easy. It only takes a few clicks to fund an account (assuming your PayPal account is already set up - but account setup is pretty easy, too).
Cons
- You’ll need to open a PayPal account. Traders will need to open, set up, and maintain a PayPal account in order to use the service as a payment method.
- Withdrawing funds from PayPal isn’t immediate. It can take three to five business days for a withdrawal from PayPal to hit your bank account – and you may be charged a fee in the process.
Alternatives to using PayPal
In my experience, the easiest and most straightforward alternative payment method (if you don’t have access to an e-wallet such as PayPal) for funding your trading account is simply to use a debit card. Other popular alternatives to using PayPal for funding your forex trading account are Skrill and Neteller – both of which are widely available in Europe (for other international regions, check with your broker directly to see if these methods are available).
In Asia, WeChat and FasaPay are popular methods for sending and receiving funds. Today, a growing number of brokers allow traders to make deposits using cryptocurrencies, such as bitcoin (check out our guide to the best bitcoin brokers).
PayPal fees
PayPal fees can range from a few dollars to as much as 1.5% of the transaction value. Therefore, PayPal can be a viable payment method for smaller amounts. However, if you're sending or receiving larger sums, it may end up being cheaper to wire the funds to your broker through your bank. It may be worth looking into an Automated Clearing House (ACH) or Single Euro Payments Area (SEPA) transfer, as bank transfers will have fixed fees – regardless of the amount sent.
Which forex brokers accept PayPal?
PayPal has become a popular payment method for traders looking for convenient ways to fund their forex trading accounts. However, not all forex brokers accept PayPal for sending and receiving funds (though the list of PayPal forex brokers continues to grow). Below, I've listed every forex broker that accepts PayPal
Which brokers accept PayPal in South Africa?
PayPal is available in South Africa for South African forex traders – though it’s worth noting that PayPal does not currently accept the South African Rand (ZAR) currency. A handful of the industry’s top forex brokers that accept clients from South Africa also support PayPal for sending and receiving funds:
IG – Best overall broker in 2025
IG is a trusted broker that offers brilliant trading tools and access to nearly every global market (over 19,500 tradeable assets). The minimum deposit size for clients of IG South Africa is 4,000 South African rand (ZAR). Read my IG review.
AvaTrade – Great for copy trading
AvaTrade stands out for its rich selection of trading platform options, and for its educational content for beginners. The minimum deposit at AvaTrade is generally 100 units of currency, depending on the denomination of your account balance. Read my AvaTrade review.
Plus500 – Good choice for beginner forex traders
Plus500 is a winner for less-experienced traders who desire ease of use when trading CFDs (including forex CFDs). The minimum deposit at Plus500 is generally 100 units of currency ($100 or equivalent) depending on your account denomination and the payment method you select from the client dashboard. Read my Plus500 review.
FP Markets – Great MetaTrader broker
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as traders use the MetaTrader platform. The minimum deposit at FP Markets is 100 AUD – or the currency equivalent. Read my FP Markets review.
Regulation in South Africa
South Africa is home to a Tier-2 regulatory agency in the Financial Sector Conduct Authority (FSCA) (you can follow the FSCA on twitter at https://twitter.com/fsca_za). Forex brokers are not obligated to become authorised by the FSCA, but carrying a Tier-2 regulatory license can be a signal of legitimacy to forex traders.
I always recommend using a well-regulated, highly trusted forex broker – learn more about the regulatory agencies and jurisdictions tracked at ForexBrokers.com by visiting our Trust Score page. If you are a resident of South Africa and you need help picking a forex broker, check out my guide to the best forex brokers in South Africa.
What are the best ways to deposit money for forex trading?
While some forex brokers may offer a greater variety of deposit options than others, almost every broker will, at a minimum, offer common methods such as bank wire or bank transfer (Automated Clearing House (ACH) in the U.S., or Single Euro Payments Area (SEPA) in Europe), or using a supported debit card such as VISA or Mastercard. PayPal is a popular choice due to the fact that your brokerage account can be credited almost immediately, (unless additional information is requested by your broker).
Does MetaTrader 4 accept PayPal?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are trading platforms – not forex brokers, and therefore do not accept funds for trading. That being said, there are a growing number of regulated forex brokers that support MT4 and/or MT5 and accept PayPal for sending and receiving funds. To learn more about MetaTrader, check out our MetaTrader guide. If you're interested in the newest version of the trading platform, MetaTrader 5 (MT5), read our full MetaTrader 5 guide or check out my MT4 vs MT5 guide to learn about the differences between these two versions of the popular MetaTrader platform..
Our testing
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Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
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