Social Trading Forex Brokers accepting PayPal

PayPal is a very well-known online payment platform, accessible for users in almost all countries. A large number of traders already have existing PayPal accounts, which makes it one of the most convenient payment options available. Because of the widespread use of it, many social trading forex brokers also accept client deposits via PayPal.

The main benefit of using PayPal to fund a trading account with a social trading forex broker is that it is fast, convenient, and often cheaper than making an international bank wire transfer. However, new competitors have joined the market since PayPal’s entry in the late 90s. Some of these newer e-wallet services are known to offer even lower fees for international money transfers than PayPal does, but they have still not been able to penetrate the global market in the same way as PayPal.