Should you consider using a broker that accepts PayPal？What are the benefits of this payment method?？Which Australian brokers offer this financing option？

There are many considerations when choosing a broker。For some traders, the diversity of trading instruments can be a big deal, while for others, financing options can be crucial。

PayPal remains one of the most popular among different types of global payment methods。If you are looking for an Australian regulated broker, consider carefully as not every broker accepts PayPal as a financing option。

Here are some of the best Australian brokers that accept PayPal:

1. IC Markets: Allows PayPal to make deposits and withdrawals in Australian dollars, US dollars, euros, New Zealand dollars, etc.。
   OANDA: Zero fees for deposits and withdrawals。
   City Index: Up to 48 hours deposit and withdrawal, no fees。
   Pepperstone: Safe and Secure Transaction, $0 Fee。
   FP Markets: MT4 / MT5 Instant Funding and 0% Handling Fee。
   eToro: USD, EUR, GBP and AUD deposits up to $10,000。

1. IC Markets

IC Markets is one of the best online brokers in Australia, regulated by ASIC, under IC Markets Group Pty Ltd, ACN 648 014 215。Their goal is to revolutionize online trading by offering low latency connections and superior liquidity, which makes them an excellent broker for scalpers and day traders.。In fact, their original spread from 0.Start at 0: 00, average execution speed is less than 40 milliseconds。

IC Markets is one of Australia's largest brokers with a trading volume of 1% as of March 2021..$04 trillion with over 180,000 active customers worldwide。The broker offers powerful trading terminals such as MT4, MT5 and of course cTrader。They are available on Windows, Mac, web browsers, and Android and iOS devices。

IC Markets accepts PayPal as a payment method, allowing you to deposit and withdraw money in multiple currencies, including Australian dollars, US dollars, euros, New Zealand dollars and more。Although there are other financing options in IC Markets (such as credit and debit cards, Neteller, Skrill, UnionPay, etc.), PayPal is still one of the most popular deposit and withdrawal options。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. OANDA

Registered with ASIC since 2011 (ACN 152 088 349), OANDA Australia Pty Ltd is a global broker that accepts PayPal for capital injections and withdrawals to your account。As a rule, funds deposited through PayPal take up to 1 business day to appear in your account, withdrawals also follow the same rules。The general condition for broker deposits and withdrawals is that neither party charges any fees.。

OANDA is known for its CFD trading, where you can access more than 120 instruments, including 70 forex pairs.。OANDA provides you with the best API technology to integrate your strategy with your trading application, where you can create a customized user interface。With MetaTrader 4 you can also access advanced charts, open position ratios and different types of MT4 plugins。

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OANDA can be an option for traders looking for a precision broker。This is because OANDA is a broker that offers 5-digit accuracy quotes and active price movements that follow market developments.。The broker's orders are also executed faster。

It provides benefits for novice traders because they can use a calculation system based on currency value for smaller trading volumes, which is different from other brokers that use lot systems。

OANDA was founded in 1996 by Dr. Michael Stumm, Lecturer in Computer Engineering at the University of Toronto, Canada, and colleagues at The Olsen Ltd, one of the leading econometric research institutes..Dr. Richard Olsen co-founded the institution。Their headquarters are located in San Francisco, USA。

OANDA Branches Everywhere。Some of these offices are located in the UK, Singapore, Japan and Canada。With the distribution of the number of offices, OANDA increasingly attracts the attention of global customers。

OANDA's companies are registered in several well-known jurisdictions in the field of financial transactions。They are regulated by the US CFTC and NFA, UK FCA, Australian ASIC and others。Traders no longer need to worry about security when trading OANDA。However, these advantages make OANDA's trading rules more stringent than other brokers。

For example, OANDA only allows a maximum leverage of 1: 20 because the rules in the United States and Japan do not allow higher than that leverage。In addition, the registration process is more complicated due to various additional requirements that other forex brokers do not submit。Most importantly, hedging is not allowed in one trading account, as the client must open another account to hedge。

Nevertheless, OANDA is known as a leading broker and offers many advantages。OANDA faces greater market risk during periods of price volatility, such as economic and political news announcements。When market spreads increase or decrease, their pricing engine expands or narrows spreads accordingly。In this way, traders can be more quickly updated on market price movements。

Prices in the market move very quickly, especially when news releases have a large impact on market volatility。Brokers often exploit this situation to take advantage of clients by re-quoting。However, traders do not need to worry about additional fees when trading with OANDA。

Firms never withdraw re-quotes, so traders get maximum profit。When traders cannot monitor open positions, they can set take profit orders to lock in profits and stop loss orders to help prevent further losses。

As an experienced and well-known online forex broker, OANDA is committed to maintaining an efficient trading environment, reducing delays and providing tools to help clients manage acceptable levels of slippage.。

With OANDA's fast and reliable trading platform, customers can trade at 0.Execute within 012 seconds。This is suitable for traders who choose a broker based on execution speed。

Due to this outstanding executive service, it is no surprise that Oanda has won many awards, including the world's best retail forex platform award in the prestigious e-FX awards.。The broker was also rated number one for consistency in executing trades on quote, execution speed and platform reliability.。

There is no minimum deposit or minimum balance requirement to open an OANDA account, both deposits and withdrawals can be done easily。OANDA offers multiple payment method facilities including Paypal, wire transfer, credit and debit cards。Traders can adjust according to the region they live in。

OANDA offers more than 100 trading instruments, including 71 currency pairs, 16 indices, 8 commodities (Brent, copper, corn, natural gas, soybeans, sugar, etc.), 6 bonds and 23 metals.。

fxTrade and MetaTrader platforms available on OANDA。These platforms are available for desktop and mobile devices。Another advantage is that they have OANDA technical analysis in cooperation with Autochartist technical analysis provider。

With these platforms, customers can more easily monitor price movements and automatically identify patterns created on charts and receive alerts when waiting patterns appear。The technology can be used for free。

In summary, OANDA is the ideal broker for traders who need fast execution backed by years of experience.。The firm is also a good choice for those looking for a broker with good regulation and flexible trading and deposit conditions。

3. City Index

Another ASIC broker that accepts PayPal is City Index。The broker has allowed PayPal as one of its funding options since 2019 and traders can choose between the following currencies:

• AUD AUD
• USD USD
• GBP Pound Sterling
• EUR

If trading in the base currency of the account, the transaction will be completely free。The minimum deposit and withdrawal amount is set at A $150 and the process takes up to 48 hours.。

City Index is known for trading CFDs。In Australia, the company has been registered as City Index Australia Pty Limited under ASIC (141 774 727) since 2010.。In fact, they are the co-founders of the Australian CFD and Forex Forum。However, they only offer MT4 as a trading platform, so for traders looking for other types of platforms, this could be a deal breaker.。However, the spread of the City Index is quite competitive, with EUR / USD and AUD / USD being 0.5 points, GBP / USD 0.8 o'clock。

4. Pepperstone

The broker is operated by Pepperstone Financial Pty Ltd, Australia and has been registered with ASIC since 2010 with an ACN of 144 649 427。

Pepperstone allows you to fund your account via PayPal as well as other options such as Visa, Mastercard, POLi, Bank Transfer, BPay, Neteller, etc.。

The broker allows you to access your own secure client area without worrying about security issues, thus ensuring the safety of your funds。Currencies accepted by Pepperstone include:

• AUD AUD
• USD USD
• SGD Singapore Dollar
• HKD Hong Kong Dollar
• JPY Japanese Yen
• NZD New Zealand Dollar
• EUR
• CHF Swiss Franc
• CAD CAD
• GBP Pound Sterling

This means that Pepperstone's withdrawal charge is $0, and the process is usually performed within 1 day。

Pepperstone is known for its sharp spreads, a feature that allows you to enjoy as low as 0.0 point spread, deep liquidity, and no re-quotes。The brokerage firm uses multiple liquidity providers from tier-one banks and institutions, enabling them to offer sharp pricing and fast execution to all customers.。Razor accounts have very low commissions per 0.01 hand commission。

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Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。

Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。

They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。

Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:

Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions

With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。

As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。

Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。

When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。

Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。

Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。

Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。

As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。

If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。

Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。

5. FP Markets

The broker operates in Australia under the name FP Markets Pty Ltd and has been registered with ASIC since 2011 (ACN 154 461 104).。FP Markets launches instant financing through PayPal to expand its financing options, making it one of the best ASIC brokers to accept PayPal。You can instantly fund your account and withdraw profits with a trusted payment solution。

There are many benefits of using PayPal on FP Markets, such as:

1. MT4 / MT5 immediate deposit
   Complete the transaction within 1 business day through IRESS
   MT4 / MT5 0% handling fee
   IRESS processing fee as low as 2%。

Another benefit you can enjoy by choosing FP Markets is as low as 0.Spread of 0 points。They also claim to give you the fastest execution from NY4 server facilities and promise no trading desks and no re-offers.。These conditions make FP Markets an excellent choice for scalpers or news traders。

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Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:

ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。

6. eToro

eToro allows you to use PayPal to fund your account, but only accepts limited currencies such as US dollars, pounds sterling, euros and Australian dollars, with a maximum deposit of US $10,000.。Nonetheless, PayPal has a better choice of currency compared to other financing methods in eToro。In the EU, it is second only to debit cards and online banking.。

eToro is one of the best stock exchange brokers。In Australia, the broker is registered in the name of eToro Australia Pty Ltd and licensed as ASIC (ACN 621 283 369)。No management fees or ticketing fees and no commission on stock transactions。However, the withdrawal fee is only $5。The same rules apply to CFD assets and cryptocurrency trading / investing。

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Founded in early 2007, eToro's mission is to make transactions available to anyone, anywhere, and to reduce reliance on traditional financial institutions.。The company has headquarters in the UK, Cyprus, USA and Australia。

eToro (Europe) Limited is a financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number # 109 / 10.。Meanwhile, eToro (UK) Limited is regulated and regulated by the Financial Conduct Authority (FCA) under license number FRN 583263.。

As foreToro AUS Capital Pty Ltd, whose legal status is recognised by the Australian Securities and Investments Commission (ASIC), provides financial services under Australian Financial Services Licence 491139。

As a belonging4-digit broker, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio。

自Since 2007, eToro has been at the forefront of the fintech revolution.。The latest is CopyPortfolio, which was launched in 2017 and is powered by machine learning Al。In addition to developing CopyPortfolio, the company also integrated Microsoft's machine learning technology into Momentum DD.。

NewThe CopyPortfolio investment strategy uses artificial intelligence to find the most stable traders who are most likely to earn double-digit returns and bundles traders into a fully managed portfolio.。eToro has hundreds of financial assets available for trading, including stocks, commodities, crypto assets, currencies, indices and ETFs。Each asset class has its own characteristics and can be traded using multiple investment strategies。

Certain positions on eToro involve ownership of underlying assets, such as non-leveraged positions in equities and crypto assets。Using contracts for difference (CFD) will make various options possible, such as leveraged trading, short (sell) positions, fractional ownership, etc.。For example, a trader can invest in gold at a minimum amount of $100, even if the price of a single unit of gold is $1,000.。eToro's most popular CFD commodities include gold, oil, gas, silver and platinum。

Currency can only be used asCFD Trading on eToro。In addition, CFD allows for short selling (short) positions and leveraged trading, even for assets that do not offer this option in traditional trading.。Some popular currency pairs include EUR / USD, GBP / USD, AUD / USD, USD / JPY, and USD / CAD。

In addition, exchange-traded funds (ETF) is a financial instrument consisting of several assets, used as a tradable fund。After opening an eToro account, traders can invest at least $250 in an ETF that sells for $500.。Some popular ETFs on eToro include SPY, VXXB, TLT and HMMJ。

However,eToro also provides additional functionality through the use of CFD trading。All leveraged ETF positions in the UK are regulated by the FCA。Meanwhile, all CFD positions executed by eToro Australia are regulated by ASIC.。

The company also has other advantages。of all tradable financial assets,eToro does not charge any deposit or transaction fees other than spreads。

eToro charges $25 for withdrawals, with a minimum withdrawal amount of $50。holdings of cryptocurrencies, stocks andETF non-leveraged long positions are not executed as CFD and no fees are charged。eToro charges overnight or weekend fees for CFD positions, such as leveraged positions and short (sell) orders。

Update of fees always applies to open positions。Fees are subject to change at any time and may change on a daily basis based on market conditions without prior notice。

As a beginner, traders can useeToro's Copy Trading Features。Unlike the features of other brokers, traders can copy the strategies of professional traders for free without splitting into profits。因此 ，100% of the profit goes entirely to the trader。For example, when Trader A, copied by Trader B, generates 10% profit this month, Trader B also earns 10% profit。

The company is the world's leading social trading network.。因为eToro operates in complete transparency, and each trader has valuable information in their eToro profile, so it is helpful for other traders who are interested in copying their trades when creating their best portfolio。

Another unique feature of eToro is personalized social news subscriptions。Just like on any social media, traders can post their own updates in a subscription, comment on other people's posts, and gradually create a subscription that suits a trader's trading and investing interests.。在在On the eToro social trading platform, traders will also be notified when there are new posts and other important updates from traders。

Should you consider PayPal?？

Many traders find this method of financing convenient。PayPal is a global payments platform available in more than 200 markets, meaning users can make payments (or receive payments) and withdraw funds from their bank accounts in more than 50 currencies.。

Since PayPal is an electronic wallet, you can access your funds anytime, anywhere。You can also deposit funds into your trading account at any time, or check your withdrawal status at any time。

This is a great financing option, especially if you like to trade anytime, anywhere。

If you often worry about security, don't worry, because PayPal is known for its high security。As long as your network environment is secure, all information transferred between your device and PayPal is encrypted。

Conclusion

Using a broker that accepts PayPal is a good option for online traders。With all its advantages and global scale, PayPal can benefit traders in many ways。There are many Australian brokers offering this payment method, but you need to read the terms and conditions carefully as brokers may implement different rules for different payment methods。