PayPal is by far the world’s most recognizable form of online payment. The number of brokers that accept PayPal is increasing and Forex trading with PayPal is becoming particularly common. Day trading with PayPal brokers is popular because of how secure the method is and how quickly transfers can be made between accounts.
Dig into the best brokers that support PayPal deposits and withdrawals.
Top 6 PayPal Brokers
These are the 6 best brokers with PayPal in New Zealand based on our hand-on tests:
-
- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
-
- Demo account
- Regulator: ASIC, CySEC, FSCA, BVI FSC
- Platforms: Web Platform, MT4, MT5, TradingCentral
-
- Demo account
- Regulator: FCA, ASIC, FSCA, VFSC, CIMA
- Min. deposit: $50
-
- Demo account
- Platforms: xStation
- Min. deposit: $0
69-80% of accounts lose money when trading CFDs with this provider. -
- Demo account
- Platforms: WebTrader, App
- Min. deposit: $100
81% of retail CFD accounts lose money. -
- Demo account
- Regulator: ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms: MT4, MT5
Learn how we test brokers and why you can trust our ratings.
Why Are These The Best Brokers That Accept PayPal?
Here is a quick snapshot of why we think these are the top brokers for PayPal:
- IC is the best PayPal broker in New Zealand in 2026 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
- Markets.com 4.4/5 Established in 2008, Markets.com is a long-standing, multi-regulated broker with oversight from the CySEC and FSCA. It offers unique features to track hedge fund moves and insider trades, while providing stock signals to alert traders to market opportunities. Its choice of accounts (Classic to Professional) caters to all levels of active trader. 72.3% of retail accounts lose money.
- Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
- XTB 4.8/5 Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.
- Plus500 4.1/5 Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
- Ingot Brokers 4.3/5 Ingot Brokers is a multi-regulated brokerage established in 2006. The broker offers CFD trading opportunities on 1000+ instruments including forex, stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers both raw spreads and commission-free account options.
Comparison of Top PayPal Brokers
Find the right PayPal-supporting broker for your needs with our comparison of key features:
| Broker | Minimum Deposit | Instruments | Platforms | Regulators |
|---|---|---|---|---|
| IC | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| Markets.com | $200 | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds | Web Platform, MT4, MT5, TradingCentral | ASIC, CySEC, FSCA, BVI FSC |
| Vantage | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade | FCA, ASIC, FSCA, VFSC, CIMA |
| XTB | $0 | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | xStation | FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti |
| Plus500 | $100 | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | WebTrader, App | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI |
| Ingot Brokers | $10 | CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies | MT4, MT5 | ASIC, CySEC, JSC, FSA, CMA-Kenya |
How Safe Are These PayPal Brokers?
How reliable are the top brokers for PayPal and how do they help safeguard your deposits and withdrawals?
| Broker | Trust Rating | Guaranteed Stop Loss | Negative Balance Protection | Segregated Accounts |
|---|---|---|---|---|
| IC | ✘No | ✔Yes | ✔Yes | |
| Markets.com | ✔Yes | ✔Yes | ✔Yes | |
| Vantage | ✘No | ✔Yes | ✔Yes | |
| XTB | ✘No | ✔Yes | ✔Yes | |
| Plus500 | ✔Yes | ✔Yes | ✔Yes | |
| Ingot Brokers | ✘No | ✔Yes | ✔Yes |
PayPal Mobile Trading Comparison
Are these brokers accepting PayPal good for trading on mobile?
| Broker | Mobile Apps | iOS Rating | Android Rating | Smart Watch App |
|---|---|---|---|---|
| IC | iOS & Android | ✘No | ||
| Markets.com | iOS, Android | ✘No | ||
| Vantage | iOS & Android | ✘No | ||
| XTB | iOS & Android | ✔Yes | ||
| Plus500 | iOS, Android & Windows | ✘No | ||
| Ingot Brokers | iOS & Android | ✘No |
Are The Top PayPal Brokers Good For Beginners?
Beginners should use PayPal brokers that first support trading with virtual money (a demo account) and provide support to help new traders get started.
| Broker | Demo Account | Minimum Deposit | Minimum Trade | Education Rating | Support Rating |
|---|---|---|---|---|---|
| IC | ✔Yes | $200 | 0.01 Lots | ||
| Markets.com | ✔Yes | $200 | 0.01 Lots | ||
| Vantage | ✔Yes | $50 | 0.01 Lots | ||
| XTB | ✔Yes | $0 | 0.01 Lots | ||
| Plus500 | ✔Yes | $100 | Variable | ||
| Ingot Brokers | ✔Yes | $10 | 0.01 Lots |
Compare Advanced Trader Features
Are these PayPal trading platforms good for advanced traders?
| Broker | Automated Trading | VPS | AI | Pro Account | Leverage | Low Latency | Extended Hours |
|---|---|---|---|---|---|---|---|
| IC | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | ✔Yes | ✘No | ✘No | 1:5000 | ✔Yes | ✘No |
| Markets.com | Expert Advisors (EAs) on MetaTrader | ✘No | ✘No | ✔Yes | 1:500 | ✔Yes | ✘No |
| Vantage | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader | ✔Yes | ✘No | ✘No | 1:2000 | ✘No | ✘No |
| XTB | - | ✘No | ✘No | ✔Yes | 1:500 | ✔Yes | ✘No |
| Plus500 | ✘No | ✘No | ✔Yes | ✘No | ✔Yes | ✘No | ✘No |
| Ingot Brokers | Expert Advisors (EAs) on MetaTrader | ✘No | ✘No | ✘No | 1:500 | ✘No | ✘No |
Compare The Ratings Of The Top Brokers With PayPal
Uncover how the top brokers for PayPal deposits compare in core areas following our in-depth assessments.
| Broker | Trust | Platforms | Assets | Mobile | Fees | Accounts | Research | Education | Support |
|---|---|---|---|---|---|---|---|---|---|
| IC | |||||||||
| Markets.com | |||||||||
| Vantage | |||||||||
| XTB | |||||||||
| Plus500 | |||||||||
| Ingot Brokers |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| IC | 2 | ||||
| Markets.com | 1257 | ||||
| Vantage | 15581 | ||||
| XTB | 2926 | ||||
| Plus500 | 20078 | ||||
| Ingot Brokers | 56 |
How Popular Are These PayPal Brokers?
Many traders who use PayPal for deposits and withdrawals prefer popular brokers (with huge client numbers):
Why Choose IC For PayPal Deposits?
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
- You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
- IC offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
Cons
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- While IC offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
Why Choose Markets.com For PayPal Deposits?
Markets.com is best suited to retail investors who trade frequently but don’t want to calculate commissions, thanks to its spread-only pricing (EUR/USD around 1.3 pips). It especially appeals to short-term traders who value fast execution, flexible asset choice spanning 2,200+ instruments and proprietary tools like hedge fund confidence indices and insider trade alerts.
Christian Harris, Reviewer
Markets.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds
- Regulator
- ASIC, CySEC, FSCA, BVI FSC
- Platforms
- Web Platform, MT4, MT5, TradingCentral
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK
Pros
- Markets.com provides commission-free trading on most assets with spreads starting from around 0.6 pips on major forex pairs, making it cost-effective for casual traders.
- Within the 2,200+ CFDs, Markets.com offers thematic baskets like the Warren Buffett Blend and Cannabis Blend, which behaved like ready-made mini-ETFs during testing, saving the work of balancing weights manually.
- Switching between the proprietary web platform (great for alerts and quick analysis) and MT5 (strong for algorithmic EAs) was smooth in our tests; positions synced across desktop, web, and mobile without gaps or re-quotes.
Cons
- The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.
- During sign-up, we hit unclear account type explanations and got stuck in an email verification loop that locked us out for an hour - way less streamlined than other brokers we’ve tested.
- Inactivity charges kick in after just 3 months, while variable spreads are wider than top ECN brokers during testing, which may deter day traders and high-frequency traders.
Why Choose Vantage For PayPal Deposits?
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
- Regulator
- FCA, ASIC, FSCA, VFSC, CIMA
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
- There are no short-term strategy restrictions with hedging and scalping permitted
- The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side (Pro ECN account)
Cons
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
Why Choose XTB For PayPal Deposits?
XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.
Christian Harris, Reviewer
XTB quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
- Regulator
- FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
- Platforms
- xStation
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP
Pros
- Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders.
- With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
- First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
Cons
- The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.
- Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
- XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
Why Choose Plus500 For PayPal Deposits?
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- AI Bites has been added, giving active traders real-time, AI-generated market summaries, technical analysis, and social sentiment next to charts, aiding in short-term trading decisions
- The broker offers low commission trading on a diverse range of markets, minimizing additional fees while appealing to established traders
- Plus500 has bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility and extended 24/5 hours trading on select stock and ETF CFDs, including SpaceX
Cons
- Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
- Algo trading and scalping are not supported, which may deter some day traders
Why Choose Ingot Brokers For PayPal Deposits?
Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources.
William Berg, Reviewer
Ingot Brokers quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
- Regulator
- ASIC, CySEC, JSC, FSA, CMA-Kenya
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD
Pros
- Ingot Brokers holds multiple regulatory licenses, including two from the top-tier regulators, ASIC and CySEC
- Multiple free payment methods are available, including bank transfers and crypto payments
- Traders can access the market-leading MT4 and MT5 platforms, collectively offering dozens of advanced technical indicators and charting tools for detailed analysis
Cons
- The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
- The ECN account offers fewer assets than the other account types
- Despite improvements in the Resources Hub, the broker’s education and market research still trail many competitors
How Did We Choose The Best PayPal Brokers?
To identify the top PayPal brokers, we:
- Pinpointed all the firms that offer PayPal out of our 143-strong database of online platforms
- Checked that they support PayPal deposits and withdrawals for online trading
- Listed them by their rating, mixing 200+ data points with our hands-on research
Overview
With over a quarter of a billion active accounts, PayPal is the world’s largest digital wallet. It was launched back in 1998 as Confinity before merging with Elon Musk’s x.com.
This company was renamed PayPal in 2001 and went public the following year. Since then PayPal has evolved with mobile and web technology, making its options for transferring money even easier.
In the EU, PayPal is registered and licensed in Luxembourg, having moved from the UK in 2007.
PayPal was not developed with trading in mind but, as its ubiquity has grown, so has the inevitability of traders wanting to trade with it.
This has led to more and more brokerages accepting PayPal.
Advantages
There are strong advantages to trading with brokers who accept PayPal:
- Transferring funds with Paypal is recognised as being fast, reliable and secure
- PayPal is easy to use, either on a desktop or through their app
- Making deposits and withdrawals with Paypal is generally very quick and certainly faster than bank transfers
- PayPal accounts are easily linked to multiple credit cards, debit cards and bank accounts
- PayPal is recognised worldwide as a major eWallet
- PayPal’s strong anti-money laundering restrictions give traders security and potentially enhance the reputation of brokers with PayPal
- For forex traders, PayPal works in 25 different currencies
- Free to open an account
- No charges for unused account
Drawbacks
However, day trading with PayPal does have its disadvantages:
- Charges on every trading transaction
- FX fees (foreign transfer fees) are high at 4.5%
- Although increasing, trading brokers that accept PayPal are still relatively uncommon.
- Chargebacks only apply to tangible/physical goods, meaning forex and CFD traders etc. aren’t eligible.
Speed of PayPal Payments
As long as there is money in your account, or in the bank account linked to the PayPal account, funds for or from trading are generally transferred, if not instantly, then very quickly.
Security
There are claims that trading with PayPal is actually safer than using your debit or credit card.
PayPal stores your data in a ‘vault’, meaning that the other end of the transaction doesn’t receive any of your card or account details. In short, your privacy is assured.
The one problem of trading with PayPal is that chargebacks can only be claimed for physical goods, not stocks or currencies etc.
How To Deposit Using PayPal
The vast majority of PayPal traders, including all of those in the UK and US, can deposit and withdraw money to and from their PayPal accounts. However, some countries (currently including Israel and the Ukraine) are ‘send only’.
This means that traders with accounts in those countries can make deposits in their PayPal accounts and send money to others, but not withdraw money from PayPal to their account.
To make a deposit at any PayPal broker, such as Pepperstone, head to the funding section in the client area and select PayPal from the list of deposit methods. You will be taken through to the integrated portal to sign in securely and enter the details of the transaction. Once you confirm, you will receive a summary of the transaction.
PayPal Fees Or Costs
PayPal accounts are free to open. New traders will probably already have an account for their online shopping.
Unlike other common day trading digital wallets, such as Skrill or Neteller, there is no charge if your account is unused for some time.
The fees for sending and receiving money are generally the same as other digital wallets, but there are instances where it is slightly less and slightly more.
There is no fee for receiving money in your PayPal account. Withdrawing money from your PayPal account to your bank is also free unless you wish for a cheque to be issued.
One ‘hidden’ cost is when transferring currencies via PayPal. The currency conversion is 4.5% above the base rate.
This is worth bearing in mind if trading in a currency that is not the same as the default PayPal balance.
Is PayPal Good For Day Trading?
Although not the most common, PayPal is generally a good choice for traders although traders should factor in the potential of high transfer fees.
PayPal is becoming more and more integral to how we move money around so we expect brokers to continue to take it up as a payment method.
Traders dealing in larger amounts of money should bear in mind that PayPal has a maximum of £10,000 for any single transaction.
Brokers who take PayPal may be more likely to offer a wider range of payment options, and that will generally be a positive sign.
FAQ
What Are The Best PayPal Brokers?
Many brokers accept PayPal, but most brokers only accept traders from specific countries, so it depends on your location. Our top list of PayPal brokers will only show brokers that are available in your country.
Are There Any Paypal Bonuses When Depositing In My Trading Account?
No. PayPal simply acts as a middle-man between bank and broker. Any deposits held for a long period in PayPal accounts don’t even accrue interest.
Can Traders Use PayPal Globally?
Yes, there are currently 200+ countries and regions that use PayPal, including all major developed economies. This makes it one of the most accessible payment methods for day traders.