Those who are into trading specially the forex trading then Paypal is one of the most popular financial platform that the most of brokers use to attract customers. This is because Paypal is the largest online financial services platform that offers low fees and faster transaction speed. Also it supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. Whether you trade from Australia or not, PayPal is a low cost, efficient and swift process to put or withdraw funds in the trading account.
As paypal is a secure payment method for both the deposit and withdrawal of funds it is safe for Forex trading as well. Here re few of the key features why traders use PayPal
Plus500 is among the most popular forex brokers with PayPal that increase trader’s capacity to trade a number of financial markets with comparatively low spreads. Established in 2008, This PayPal forex broker has been offering a wide range of forex pairs and CFD’s. The platform is registered in the United Kingdom. It is regulated by ASIC in Australia and FMA in New Zealand. The minimum initial deposit here is $100.
Besides from forex and CFD’s, traders can trade comprehensive assets including stock indexes, commodities, equities, ETFs, cryptocurrencies, and options. Its safe and reliable payment options enhances traders confidence. Along with other payment methods, this forex broker supports deposits and withdrawals through PayPal. In addition, Plus500 does not charge any commissions on all trades; the costs are contained within the spread. The countries where you can trade on Plus500 include Cyprus, the UK, Australia, Singapore and Bulgaria. PayPal usually charges a fee of 3% when you transfer or receive funds. For instance, if you decide to deposit $250 in your account, PayPal will charge an additional $7.5.
EToro is one of the best and a reliable broker that uses PayPal as a payment method. It is a multi-asset brokerage company and social trading platform with registered offices in several countries such as Israel, Cyprus, and the United Kingdom. Traders all over the world like to use eToro amid its easy-to-use trading platform. The broker offers multiple innovative features like social trading which lets traders copy others along with lower trading fees. The minimum deposit here is $200
It is also among the best PayPal forex brokers. The trading platform permits traders to make a free deposit from PayPal account. However, this PayPal broker charges a small fee on withdrawals.
PayPal usually charges a fee of 3% when you transfer or receive funds. For instance, if you decide to deposit $250 in your account, PayPal will charge an additional $7.5.
IC Markets is regulated and a well-established forex and CFDs broker. Founded in 2017, IC Markets offers competitive spreads on a variety of assets across several financial markets. The platform is owned and operated by International Capital Markets PTY.
The platform is known for providing the highest leverage in Australia along with low fees and spreads. This platform is reliable because of ten years of history in online trading. It is licensed from the Australian Securities & Investments Commission (ASIC). Minimum deposit here is $200. PayPal usually charges a fee of around 3% when you transfer or receive funds on IC Markets.
Since 1996, OANDA is well known for offering forex and CFDs to traders. Along with the superior transparency and execution quality, its user-friendly trading platforms and low costs are attracting investors from all over the world. The broker is regulated from many countries such as the U.S., U.K., Singapore, Canada, and Australia. They also offer several products for trading. These products include currencies, index instruments, and commodities. The minimum deposit is $1. PayPal normally charges a fee of 3% when you transfer or receive funds.
The Australia based brokerage firm, Pepperstone Group, is among the industry leaders in Australia. Established in 2010, this forex broker with PayPal has created a highly competitive trading platform that offers multiple assets such as forex, index instruments, and commodity. Minimum deposit here is $200. PayPal normally charges a 3% fee for deposits and withdrawals on forex brokers like Pepperstone.
Besides these very best there are few more best Forex brokers that allow Paypal deposits. If you don’t know what is Forex trading then Forex is also known as foreign exchange, FX or currency trading. Just like you do with stocks, you can place trades or invest in currencies based on what you think its value is or what you think it will be. Whenever you trade with forex, you will be investing on a currency pair such as EUR/USD because traders speculate on the value of one currency compared to the other. The first currency represents the “base”, while the second currency is the “counter” and you would be investing in the value you believe the base is heading towards as opposed to the counter.