Best PayPal Forex Brokers
Forex brokers that accept PayPal offer a fast, low-cost and convenient way to fund online trading accounts. Our team have evaluated and compared dozens of platforms to find the best forex PayPal brokers, taking into account:
The minimum deposit and processing times with PayPal
The presence of transaction fees and trading costs
The quality of forex trading tools and resources
The regulation and safety of the forex broker
List of Top Forex Brokers Accepting PayPal 2023
Here are the 5 best forex brokers that accept PayPal deposits based on our assessment:
- Skilling: Best Overall PayPal Forex Broker
- Eightcap: Best Forex Trading Software
- IC Markets: Best ECN Forex Broker
- XTB: Best Forex Broker For Beginners
- IG Group: Best Forex Market Coverage
|Processing Times||Deposits – Instant |
Withdrawals – Up to 1 day
|Deposits – Instant |
Withdrawals – Up to 5 days
|Deposits – Instant Withdrawals – Up to 1 day||Deposits – Instant |
Withdrawals – Up to 1 day
|Deposits – Instant Withdrawals – Up to 1 day|
Skilling: Best Overall PayPal Forex Broker
💵 CurrenciesUSD, EUR, GBP, SEK, NOK
🛠 PlatformsMT4, cTrader, TradingView, AutoChartist
GBPUSD: 0.1 EURUSD: 0.1 GBPEUR: 0.1
🪙 Minimum Deposit$100
Why We Recommend Skilling
We recommend Skilling because it offers excellent trading conditions on 70+ currency pairs, alongside seamless integration with PayPal, ensuring fee-free and near-instant deposits.
Skilling is also an award-winning, regulated forex broker authorized by the Cyprus Securities and Exchange Commission (CySEC).
Below we explain why Skilling is the best PayPal forex broker.
Pros/Cons of Skilling
Fast and fee-free deposits and withdrawals with PayPal
Funding my Skilling account with PayPal is straightforward. It takes less than five minutes to log in to the client dashboard, navigate to the cashier portal, and make a deposit with PayPal.
I particularly like that there are no fees at the deposit or withdrawal stage and the fast processing speeds. In my experience, deposits are available immediately, while withdrawals are processed in 1 day, which is faster than most alternatives I evaluated.
High-quality forex trading platforms, including Skilling Trader and MetaTrader 4
Skilling’s trading platform, Skilling Trader, is one of the best in-house platforms I have used. Designed with both beginners and serious traders in mind, the software is home to customizable charts with dozens of indicators and drawing tools.
Our team is also reassured to see that two market-leading third-party platforms are available; MetaTrader 4 (MT4) and cTrader. These are good options for traders seeking advanced technical analysis and algorithmic trading capabilities.
Trade forex with ultra-fast execution speeds of 5ms
Skilling offers some of the fastest execution speeds we have seen, coming in at 5ms. Our team consider anything below 100ms fast, so Skilling excels in this area.
Fast execution speeds ultimately help ensure investors can execute trades at the best price, helping to reduce slippage or even failure.
Excellent reputation and regulated by the CySEC
Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a reassuring sign for us that the forex broker is reputable.
Operating under the EU’s MiFID framework, the CySEC ensures compliance with robust regulatory standards that prioritize investor protection, transparency, and fair trading practices.
Limited education for aspiring forex traders
While Skilling does offer some education, it is limited compared to other brands and will not be particularly useful for beginners looking to advance their forex trading knowledge beyond the basics.
Why Is Skilling Better Than The Competition?
Skilling stands out for its straightforward PayPal deposits and withdrawals with no fees and fast transaction times.
It also offers an impressive suite of trading software, with Skilling Trader proving particularly user-friendly during testing.
Who Should Choose Skilling?
Investors looking to quickly and securely fund forex trading accounts with PayPal should choose Skilling – it offers seamless integration in a hassle-free payment portal.
New traders looking to speculate on 70+ currency pairs through an intuitive web platform or reliable third-party software like MetaTrader 4 or cTrader should also consider Skilling.
Who Should Avoid Skilling?
Traders looking for the best educational materials should avoid Skilling. It trails forex brokers like Skilling in this area.
Eightcap: Best Forex Trading Software
💵 CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD
🛠 PlatformsMT4, MT5, TradingView
GBPUSD: 1.0 EURUSD: 1.0 GBPEUR: 1.0
🪙 Minimum Deposit$100
Why We Recommend Eightcap
We recommend Eightcap because it offers an impressive suite of forex trading tools, including MT4, MT5, TradingView, and Capitalise.ai. Eightcap also offers low forex fees, with tight spreads from 0.0 pips and zero to low commissions.
Eightcap offers instant PayPal deposits which can be completed in a few straightforward steps.
We explain the key reasons to trade forex with Eightcap below.
Pros/Cons of Eightcap
Immediate deposits using PayPal with zero transfer fees
Eightcap supports instant deposits with PayPal, whilst withdrawals take up to 5 days to process. It is also good to see that there are no transfer fees at the deposit or withdrawal stage.
In addition, high-volume traders will be pleased to learn there is no maximum withdrawal limit using PayPal.
Superb selection of forex trading tools, from MetaTrader to Capitalise.ai and VPS hosting
Eightcap impresses for its almost unrivalled library of forex trading tools. As well as access to industry-leading forex platforms like MT4, MT5 and TradingView, there are useful extras like an AI-powered economic calendar and forex VPS with 24/7 connectivity.
However, the stand-out feature for me is Capitalise.ai. This is one of the few tools that allows beginners to build automated trading strategies with no coding experience. You can build a forex trading system from the ground up or choose from various templates. Helpfully, it can also be integrated into MetaTrader 4 using a plugin.
Low forex trading fees with tight spreads from 0.0 pips and low to zero commissions
Eightcap offers low trading fees compared to other forex brokers we have reviewed. The Standard account offers spread-only pricing from 1 pip on majors like the EUR/USD. Alternatively, the Raw account offers spreads from 0.0 pips with a $7 commission per round turn.
We recommend the Standard account for traders who want traditional, spread-only pricing, while the Raw account is a good pick for active traders looking for the tightest spreads.
Excellent range of forex market insights and educational resources
Eightcap offers some of the most user-friendly and visually engaging trading resources we have seen.
The forex broker’s Trade Zone has weekly video updates and articles, whilst Eightcap Labs offers extensive fundamental research, trading strategies and e-books tailored for beginners. The broker also hosts trading events and webinars.
Forex demo account expires after 30 days
While not a serious complaint in my view, I do prefer forex brokers with unlimited demo accounts, as they allow me to continuously test trading setups alongside my live profile.
Why Is Eightcap Better Than The Competition?
Eightcap excels when it comes to forex trading tools. Capitalise.ai is a great solution for new algo traders while the AI economic calendar offers easy-to-digest market updates that aren’t available at most alternatives. The fact they easily integrate into MetaTrader 4 is a bonus.
Eightcap also offers fast and free deposits with PayPal, while the cashier portal is user-friendly for new clients.
Who Should Choose Eightcap?
Eightcap will serve investors who want to fund their forex trading activity with PayPal at a top-rated broker.
Eightcap is a particularly good option for investors that want the best forex trading software, from the MetaTrader suite to beginner-friendly algo trading platforms.
Eightcap will also appeal to users that want low forex trading fees, either through the commission-free Standard account or low-spread Raw account.
Who Should Avoid Eightcap?
Traders who want access to an unlimited demo account should avoid Eightcap, as it expires after 30 days. IG Group is a better option here.
Eightcap also isn’t the best option if you want the fastest withdrawals with PayPal. They can take up to 5 days, while IC Markets processes withdrawals within one working day.
IC Markets: Best ECN Forex Broker
💵 CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF
🛠 PlatformsMT4, MT5, cTrader, DupliTrade
GBPUSD: 0.5 EURUSD: 0.1 GBPEUR: 0.5
🪙 Minimum Deposit$200
Why We Recommend IC Markets
We recommend IC Markets because it offers competitive ECN accounts with tight spreads and very fast execution speeds.
IC Markets is also a trusted forex broker with over 180,000 clients and authorization from the ASIC and CySEC.
Below we outline why IC Markets is one of our top PayPal forex brokers.
Pros/Cons of IC Markets
Instant deposits via PayPal with no charges and 10 base currencies
IC Markets makes PayPal deposits easy, with immediate transfers and 10 account currencies, catering to global traders. Withdrawals are also processed within 1 business day, which is faster than most alternatives we used.
Importantly, all transactions are free of charge and easy to execute from the broker’s client dashboard.
ECN accounts with raw spreads from 0.0 pips on majors like the EUR/USD
With a $200 minimum deposit, you can access raw pricing on either the cTrader or MetaTrader 4 accounts, with zero-pip spreads available.
Commissions are also on the low side of forex brokers we have evaluated, at $6 (cTrader) or $7 (MT4), making this broker a good option for day traders, scalpers and algorithmic systems.
Very fast execution speeds of <40ms on forex trades
Another bonus for us is the fast execution speeds thanks to the no-dealing desk model with server locations in London and New York.
With speeds of around 35ms during our evaluation, investors can be assured they will get the best price while speculating on currency pairs.
Average customer support with slow live chat during tests
Despite offering 24/7 customer assistance via telephone, email and live chat, the quality of support trails the top forex brokers.
My main criticism is the live chat. I got stuck with an automated bot during testing and struggled to get answers to questions about my deposit.
Why Is IC Markets Better Than The Competition?
IC Markets’ competitive ECN accounts with fast executions and low commissions make it stand out from other forex brokers.
The speed and convenience of PayPal deposits at IC Markets is also a key advantage.
Who Should Choose IC Markets?
Serious forex traders looking for the best ECN trading conditions and reliable order execution should choose IC Markets. The raw spreads and commissions, especially on cTrader, are difficult to beat.
IC Markets is also a good option for traders familiar with the MetaQuotes software, as both MetaTrader 4 and MetaTrader 5 are supported, with excellent integration and charting packages.
Who Should Avoid IC Markets?
Traders looking for reliable live chat support should avoid IC Markets, it trailed alternatives during our review.
Traders looking for the lowest minimum deposit should also avoid IC Markets. While we still consider the $200 minimum investment accessible for most investors, other PayPal forex brokers we evaluated have no minimum deposit, including XTB.
XTB: Best Forex Broker For Beginners
💵 CurrenciesUSD, EUR, GBP
GBPUSD: 0.1 EURUSD: 0.2 GBPEUR: 0.1
🪙 Minimum Deposit$0
Why We Recommend XTB
We recommend XTB because it offers an excellent all-round trading package for beginners and hassle-free transfers with PayPal.
XTB is also a hugely respected forex broker with 20 years in the industry and authorization from trusted regulators, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC).
We unpack the reasons why XTB is one of our top-rated forex brokers accepting PayPal below.
Pros/Cons of XTB
Free deposits and withdrawals via PayPal, with no minimum and maximum limits
XTB offers excellent payment terms with PayPal. We found that you can deposit and withdraw in a few easy steps with no minimum or maximum payment requirements.
Processing times are also fast, with funds available immediately at the deposit stage and within one working day for withdrawals.
Beginner-friendly forex trading account with a $0 minimum deposit
XTB offers an accessible trading account for new forex investors. There is no minimum deposit and trading fees are transparent with no commissions.
We also appreciate that there are no hidden charges, including inactivity penalties that disadvantage casual investors.
The xStation platform is easy to use with excellent features and a modern interface
We enjoy using XTB’s proprietary trading terminal, xStation. It has clearly been designed with new traders in mind, providing easy-to-read charts that you can tailor to your trading style, alongside an intuitive order window.
The educational materials in the ‘Learn To Trade’ section are also high-quality and useful for aspiring traders. They cover everything from platform features to developing forex trading strategies.
Finally, our team appreciate that xStation is available via desktop, web, mobile and even smartwatch. This makes it convenient to use wherever you are.
Forex market research and tools trail other brokers
While only a minor complaint, the breadth and depth of forex market analysis at XTB doesn’t rival some alternatives. Analyst insights aren’t provided frequently and there are limited extras like forex heatmaps to support the decision-making process.
Why Is XTB Better Than The Competition?
XTB’s accessible trading conditions for new traders help the broker stand out from alternatives. There is no minimum deposit, transparent pricing, and a beginner-friendly xStation platform.
We also appreciate that there are zero restrictions when funding or withdrawing from your XTB account using PayPal, including no minimum or maximum payment limits.
Who Should Choose XTB?
New forex traders should choose XTB. The proprietary platform is user-friendly, there is a good selection of educational resources, and the trading account is geared towards new investors.
The zero-deposit account is also ideal for traders on a budget looking to speculate on popular currency pairs.
Who Should Avoid XTB?
Traders looking for the best market research should avoid XTB, it doesn’t compete with some alternatives in our view.
Investors looking to speculate on forex using the popular MetaTrader 4 platform should also avoid XTB, as the broker doesn’t support this. is a better option here.
IG Group: Best Forex Market Coverage
💵 CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
🛠 PlatformsMT4, AutoChartist, TradingCentral
GBPUSD: 0.9 EURUSD: 0.8 GBPEUR: 0.9
🪙 Minimum Deposit$0
Why We Recommend IG
We recommend IG because it offers an excellent range of 80+ currency pairs with tight spreads from 0.1 pips and excellent market research. It is also a hugely respected broker, listed on the London Stock Exchange, with more than 300,000 traders.
We also rate that you can open an IG account and fund it with PayPal in less than 10 minutes.
We detail the reasons why IG makes our ranking of the best forex brokers accepting PayPal below.
Pros/Cons of IG
Near-immediate PayPal deposits with zero charges
IG offers instant and convenient deposits via PayPal. There are also no charges for both deposits and withdrawals, apart from a currency conversion of 0.5% if applicable.
To make a deposit via PayPal, simply click on the ‘PayPal’ option from the ‘Funding’ page, enter the deposit amount and click ‘Continue’. You will then be redirected to the PayPal website to complete the payment.
Excellent forex market coverage with 80+ currency pairs
IG offers plenty of opportunities for dedicated forex traders, with a selection of 81 majors, minors and exotics to trade via CFDs or options.
IG is also one of the few brokers that offers weekend trading on popular markets, including EUR/USD, GBP/USD and USD/JPY, as well as a range of indices.
Comprehensive resources and learning materials in the IG Academy
IG excels when it comes to educational resources and forex market research. The IG Academy is packed with tailored resources including trading courses and webinars. There is also an in-house analysis hub with live market updates, trading ideas and expert-led insights.
I particularly like the broker’s trading podcasts which cover a range of engaging topics, such as common trading mistakes and the psychology of investing.
Minimum PayPal transaction requirement per deposit
IG requires a minimum amount for every deposit transaction with PayPal. These vary depending on the currency used, for example, $50, £250 and €300.
Although we think these levels are accessible for most traders, they are higher than other PayPal forex brokers that we assessed.
No copy trading platform for aspiring forex traders
Despite offering one of the best training academies we have seen for new traders, IG does not offer forex copy trading.
While not a dealbreaker in our view, it would strengthen the forex broker’s appeal to aspiring investors who want to learn from seasoned traders.
Why Is IG Better Than The Competition?
IG offers more currency pairs than any other PayPal forex broker that we tested, alongside multiple investing vehicles, including CFDs and options.
The IG Academy is also best-in-class while the quality of market research is hard to beat, particularly its technical analysis and real-time market data.
Who Should Choose IG?
Forex traders looking for the best market coverage should choose IG. There are 81 currency pairs and forex trading opportunities on the weekend.
Newer traders looking for high-quality education and seasoned investors looking for extensive market analysis should also choose IG.
Who Should Avoid IG?
Traders looking for forex copy trading should avoid IG, as the broker does not offer this. We recommend IC Markets instead.
Beginners looking to make frequent PayPal deposits may also be put off by IG’s minimum payment per PayPal transaction.
How To Compare PayPal Forex Brokers
To find the best forex brokers accepting PayPal, our experts tested, compared and ranked firms based on the following criteria:
The Minimum Deposit and Processing Times With PayPal
The best PayPal forex brokers offer an accessible minimum deposit. We consider anything below $500 reasonable for most traders, though in our experience, many firms offer much lower starting deposits of less than $100.
We also assess processing speeds – it is important that you can fund your account and start trading forex quickly. Equally, you don’t want to have to wait weeks to receive trading profits.
Generally, the best PayPal forex brokers offer near-instant account funding, while withdrawals typically take between one and five working days.
The Presence of Transaction Fees and Trading Costs
Leading forex brokers accepting PayPal offer low to no transaction fees, especially at the deposit stage. Sometimes there may be a currency conversion fee or withdrawal charge, but this should be transparent before you open an account.
Our team also assess the competitiveness of forex trading fees. The key costs we look at are spreads and/or commissions. We assess fees on major, minor and exotic forex pairs and factor in that spreads can fluctuate during periods of high volatility.
The Quality of Forex Trading Tools and Resources
Choosing a forex broker with a well-designed and reliable trading platform that offers the tools and features you need for your strategy is critical.
To that end, we trial the software available, whether it’s a web-accessible platform aimed at beginners or leading third-party software like MetaTrader 4, which is good for technical analysis and automated trading.
We also consider the additional tools available, from premium VPS hosting for scalpers and expert advisors (EAs), to beginner-friendly copy trading platforms and market analysis.
The Regulation and Safety of the Forex Broker
Oversight from a reputable regulator is the cornerstone of finding a legitimate, trustworthy forex broker. Heavily regulated PayPal forex brokers operate with transparency and adopt various safeguards to help protect your trading funds.
We always verify that forex brokers are regulated by the financial bodies they claim to be. We do this by checking their licensing details on the respective regulator’s database.
We also examine the firm’s business history and consider its reputation in the industry, to make sure it hasn’t been involved in scams or unscrupulous trading practices.
Which Is The Best PayPal Forex Broker?
Skilling is the best PayPal forex broker in 2023. You can fund your account with PayPal in less than five minutes with no transfer fees and immediate processing. The CySEC-regulated forex broker also offers excellent trading conditions, with fast execution speeds, tight spreads and user-friendly trading platforms.
Other top contenders based on our tests are Eightcap, IC Markets, XTB, and IG Group.
Do Forex Brokers Accept PayPal?
Yes, several leading forex brokers accept PayPal. The five best trading platforms accepting PayPal are Skilling, Eightcap, IC Markets, XTB, and IG Group.
How Do I Fund My Forex Trading Account With PayPal?
This will depend on the broker, but typically you will need to sign into the client area, navigate to the cashier portal, select ‘Deposits’ or similar, choose ‘PayPal’ from the list of options, enter the deposit amount, and follow the on-screen instructions. You may also get redirected to the PayPal site to complete and confirm the payment.