PayPal is one of the most popular payment methods for fast and low-cost online payments, and many low spread forex brokers accept this method as a way for their clients to fund their trading accounts. The payment platform is widely recognized around the world, and traders in almost every country are therefore familiar with how it works.
Choosing a forex broker with low spreads is obviously important in order to keep trading costs low, but it is no less important to keep transaction fees for funding the trading account low as well. PayPal is therefore a good choice, and it can in many cases save a trader significant amounts of money compared to making international bank wire transfers.