Paypal is, without a doubt, one of the best and most aspiring online payment options. You can synchronize your Paypal account with many payment methods like credit cards or a bank account so that there’s always a balance in your Paypal account. This is somewhat unique. Deposits with Paypal do not charge the trader himself because the Forex broker overtakes Paypal deposit fees.
Paypal was mainly used for eBay, Paypal’s mother company, but is now also available at Forex broker. In this article on “Forex deposit with Paypal” we present the most popular Forex broker, where you can pay with Paypal.
Paypal and eToro
eToro has become probably the most popular Forex broker. EToro’s innovative approach was that Forex trading is supposed to be as easy as possible. By making their Forex platform as simple as possible, eToro was able to attract lots of novice Forex traders. Even though eToro has only been in business for four years it is quite successful, to say the least. With a deposit as low as $ 50 you can start trading. And of course you can make your deposit using Paypal.
Paypal and easyMarkets
Another Forex broker that offers Paypal as a payment option is easyMarkets. easyMarkets has been on the market since 2001 and offers a maximum possible leverage of 1:100. The trading at easyMarkets is, as the name suggests, as simple as possible and therefore it is not necessary to download Forex software. easyMarkets also offers the unique opportunity that charts can be frozen – at least in the short term. You can also make a deposit with Paypal at easyMarkets.
Paypal and Ava FX
One of the largest forex broker is Ava FX. The trader funds at AvaFX are stored at the Commerzbank in Frankfurt – a bank that you can really trust. AvaFX offers fixed spreads and of course the deposit method Paypal.
Paypal and Finexo
The first Forex provider we would like to introduce is Finexo. Finexo has operated on the Forex market for years now and enjoys great popularity. Finexo is based in Cyprus and offers trading in your browser and with Meta Trader 4. Finexo supports payments with Paypal.
FAQ about Paypal Forex
Do I have to pay a fee when depositing with Paypal?
No, the fee is taken by the Forex broker at wich you’re depositing. You, as trader, do not pay any fees. If you deposit $ 1000, exactly $ 1000 lands in your Forex account.
How can I fund my Paypal account?
Funding your Paypal account is possible by bank transfer or credit card. You can combine both methods of payment with your Paypal account, but must choose a primary payment method. If you connect your Paypal account with your bank, you will be charged a small account verification which is then deposited back into your account after verification. Verification is not necessary for credit cards.
Can there be problems with a Paypal deposit?
There are no known problems with Paypal deposits as of today.
How do I protect my Paypal account?
You should always use a password for your Paypal account that you don’t use anywhere else. Unfortunately, when you use the same password somewhere else, for example at a forum, it’s possible to try the same password for your Paypal account. Be sure to avoid that. However, if something should happen, you can resolve conflicts with Paypal easily.
Are there any fees to cover when depositing with Paypal?
Yes, but reliable Forex broker cover these fees and not traders. So you don’t have to care about them when making a deposit. In regards to withdrawals you should ask specific brokers about withdrawal fees. Usually there are small fees to cover payment costs.