PayPal is one of the most widely used online payment methods today, and it is therefore no surprise that many CFD forex brokers also accept this method as a way to fund trading accounts. The main benefit of funding a CFD trading account with PayPal is that the transfer is fast and relatively cheap. However, recent years have brought several competitors to the market that claim to offer even cheaper transactions.
PayPal was launched all the way back in 1999 by the famous internet entrepreneurs Peter Thiel and Elon Musk, and the service has remained popular ever since. Today, PayPal is a widely recognized brand around the world, and works in almost every country.