Officially launched in 1999, PayPal is one of the first e-wallet services that was developed in the world. The company transformed the way money could be sent electronically between two parties either within the same country or in different countries.
PayPal transfers have become popular among forex brokers because traders can make the transfer from almost any country and region around the world. The transfer is also usually faster than bank wire transfers, although it is known that this is not always the case. One thing to take into consideration before making a PayPal transfer to a forex broker is the fee that is charged. Make sure you know the fee charged by both PayPal and the broker before making the payment.