PayPal was first set up in the US in 1999 and still remains one of the most widely used online payment methods today. It is accepted by many forex brokers, including ECN forex brokers, as well as a large number of online merchants. For many traders around the world, PayPal is the most familiar brand among all the payment methods that exist today.
Among the benefits of funding an ECN trading account with PayPal, as opposed to by bank transfer, is the the relatively high speed and low cost of PayPal transactions. However, recent years have brought many competitors into the space that also promises fast and cheap transactions anywhere in the world.