A Comprehensive List Of PayPal Forex Brokers

PayPal is one of the most popular and widely adopted online payment processors in the world, and it is no secret that a huge majority of websites and e-commerce portals use PayPal as their preferred mode of payment. Forex brokers are also increasingly turning to online payment processors due to the ease of payment, the speed of money transfer, and the general security aspects of e-wallets. However, when it comes to PayPal, Forex brokers find it difficult to follow the severe restrictions and payment guidelines that are to be observed to adhere to the international Anti-Money Laundering laws. Therefore, as a general rule of thumb, it is safe to assume that FX brokers accepting PayPal as a valid form of payment are more trusted and reliable than other brokers that accept payments from other lesser-known electronic payment processors.

Give Me Some Basic Information About PayPal

PayPal has been around for a long time, and was founded in 1998 in the US, right when the internet started gaining prominence. In 2002, eBay acquired the company and had two subsequent IPOs to net a tremendous market value of more than $50 billion in 2015. Being an online payment processor, PayPal does not have a central regulatory status; instead, the company acquires the necessary licenses and authorizations to operate in local markets by being regulated by the respective region’s financial authority. PayPal keeps it client funds in interest-bearing commercial bank checking accounts, but account holders don’t get the benefit of the interest accrued on any funds deposited with PayPal. In 2007, PayPal received a banking license from Luxembourg and had ever since shifted its entire EU operations from the UK to Luxembourg.

What Are The Advantages & Disadvantages Of PayPal For Forex Transactions?

PayPal Forex broker payments are naturally considered to have more advantages than disadvantages, but let us take a close look at some of the more significant pros and cons to offer you a better idea about the payment option in general:

Advantages

• Fast, Easy, and Secure payment options for deposit and withdrawal of funds.
• PayPal account balances can be used to pay for products and services at all PayPal merchants.
• PayPal accounts can be funded through credit cards and bank transfers for making payments via PayPal at a later date.
• PayPal funds can be withdrawn to a credit card or a bank account within the shortest amount of time.
• Trading accounts can be funded using a small amount of capital that can be as low as $5.
• PayPal has a significant presence in more than 100 countries around the world.