Forex Brokers Accepting PayPal deposit/withdrawal
With PayPal, deposits and withdrawals to/from Forex accounts is a quick, efficient and low cost process.
Normally, while Forex brokers don't charge any processing fees, PayPal charges users a small fee for transferring or receiving funds. PayPal fee currently is approx. 3%.
Why use PayPal as your deposit/withdrawal method?
There are several benefits to it:
It's fast: comparing to other funding options (especially bank wires, credit cards), PayPal is lightning fast when it comes to funding your trading account. To Forex brokers it's also a convenient option to process your deposit.
- it's secure: no need to share your credit card details with Forex brokers, your information is secure when you make a money transfer with PayPal.
- it's reliable: there is no need to guess or worry whether your money has reached your Forex broker. Simply look at your new Forex account balance and if the money was not credited following your PayPal transfer within 24-72 hours (see Forex brokers policies for deposits), you claim a refund with PayPal.
- it offers speedy withdrawals: same as for you when you make a deposit, PayPal is also a convenient way for Forex brokers to send/process withdrawal requests. Withdrawals through PayPal usually have the lowest waiting period comparing to other withdrawal options.
- it's inexpensive: it often costs you less or the same in fees comparing to other deposit options (PayPal fee currently is approx. 3%). It gets even better - there are Forex brokers who will refund your money transfer fees with PayPal, which means that you incur no additional fees at all when you fund your Forex trading account!
If you don't have a PayPal account, you can always get one at the official PayPal website, assuming PayPal works in your country.
The list of Forex brokers accepting PayPal:
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