Top 5 PayPal Brokers
Among all the world’s online payment methods, Paypal is probably the most well-known of the lot. It is characterised by its secure payment portals and worldwide acceptance. Recognising the popularity of this payment method, many brokers have added it as a payment method for deposits or withdrawals over the year. It provides various advantages to forex trader’s especially since PayPal allows easy integration of debit and credit cards. For the benefit of those who are reading this, here are Top 5 PayPal Brokers , 5 of the best PayPal forex brokers you can use in 2021.
- OANDA
OANDA is a well-known name among trading forums and circles, offering excellent fx services through its proprietary platform, fxTrade. With an efficient desktop trading experience combined with superior research and analysis features. It offers a healthy mix of forex, bonds, precious metals, indices and commodities. Compared to its competitors, it only offers about 55 CFD which may be surprising to some. While it is protected under NFA/FCA regulations, it does not provide its traders with slippage protection or additional deposit protections.
- XTB
Originally founded as Poland’s first leveraged foreign exchange brokerage house, X-Trade, XTB has now become a well know broker among forex trading circles. Now, XTB offers access to forex, shares, indices, metals, commodities and even cryptocurrencies.. It is regulated both by the Financial Conduct Authority (FCA #522157) as well as the Polish Financial Supervision Authority (KNF). It offers negative balance protection which has become a sought after feature after the SNB event of January 15, 2015 which affected trading markets.
- Plus500
Plus500 is a regulated CFD trading broker which offers access to traders from over 50 countries. As a CFD only broker you get access to trading 2200 CFDs on indices, currencies, commodities, shares, ETFs, options, and cryptocurrencies from a comprehensive platform. It offers a variety of order types including market, limit and stop orders and risk management features such as stop loss, take profit and trailing stop. It is regulated by Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC) and others.
- VantageFX
VantageFX offers a mix of a MetaTrader platform suite, multiple social trading platforms, and a proprietary mobile app. It is another one of Top 5 PayPal Brokers. It offers over 200 tradable instruments such including CFD trading, fx trading, stocks and cryptocurrencies. It has licenses from both the Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC). It puts an emphasis on providing charting tools and indicator which number up to more than 80. It also allows social trading where you can follow trading signals of professional and successful traders in Plus500’s network.
- CMC Markets
CMC Markets is a CFD broker that has been operating for more than 30 years. It is regulated under the Federal Financial Supervisory Authority (BaFin) which mandates all brokers to maintain segregated client funds. You can trade via a CFD account or a corporate account, both of which will offer access to 11,000+ trading instruments covering CFDs, indices, forex, commodities, shares, ETFs and treasuries. It provides two platforms, MetaTrader 4 and its own proprietary web-based Next Generation platform which comes equipped with 115 technical indicators.
Conclusion
PayPal was the pioneer in cross-border electronic payments and still holds a major market share in spite of competitors over the years. Opening an account is free and takes mere minutes to begin transacting. With the proliferation of internet technology and online forex trading platforms, having option like PayPal makes things easier for smaller traders to participate in the global fx and trading market. As such there are a multitude of forex brokers with this feature, with the ones mentioned above being the cream of the crop.
Founder Dinis Guarda
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