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South African Brokers that Accept PayPal

Paypal is a California-based online payment service founded in 1998. It operates in 202 countries including South Africa, with over 325 million registered accounts all over the world.


As a result, many traders from South Africa prefer using PayPal for payments. And this also applies when it comes to funding forex accounts. For that reason, we decided to create a list of the best Forex Brokers in South Africa that accept PayPal for deposits and withdrawals. All these brokers support an easy integration of the PayPal payment system.

Forex and CFD Brokers that Accept PayPal in South Africa

Here is a list of some of the South African Forex and CFD brokers that support deposits and withdrawals via Paypal


Pepperstone

Trading Forex and CFDs entail risk.

Your capital is at risk.

🔎 Regulation: CMA, CySEC, ASIC, DFSA 💰 Spreads: as low as 1.0 pip
⚖️ Max. leverage: 1:400 ▶️ Min. deposit: No Minimum Deposit
📊 Forex pairs: 50+ 🔎 Paypal: Yes

Pepperstone is a global Forex and CFD broker that was recently voted TradingView Broker of The Year 2022 in the TradingView Broker Awards. With this broker, clients can trade over 1,200 CFDs from a variety of global markets. These include forex currency pairs, shares, indices, ETFs, commodities, and currency indices. These instruments are tradeable on 4 world’s leading trading platforms including MetaTrader 4, MetaTrader 5, TradingView, and cTrader.


This broker does not have a minimum deposit requirement, meaning clients can deposit any amount and start trading. You can fund your trading account using PayPal, Visa, MasterCard or Bank Transfer. Clients can choose between two main trading accounts that feature different fee structures. The Standard account charges spreads starting from 1.0 pips and no commissions. The Razor account has spreads from 0.0 pips and a commission of $3.50 per side per lot on forex.


FP Markets

Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSCA, CySEC, ASIC 💰 Spreads: as low as 1.0 pip
⚖️ Max. leverage: 1:500 ▶️ Min. deposit: 1240 ZAR/$100 AUD
📊 Forex pairs: 70+ 🔎 Paypal: Yes

FP Markets is a Forex and CFD broker that was launched in 2005. Today, the company is regulated in South Africa by the Financial Sector Conduct Authority. It is also regulated in Australia by the ASIC and in Cyprus by the CySEC. With this broker, clients can trade over 10,000 instruments in 8 main market categories. These include forex currency pairs and CFDs on shares, metals, commodities, indices, cryptocurrencies, bonds, and ETFs. The spreads on this broker site are low starting at 1.0 pips for major currency pairs on the standard account. Clients can also trade on the Raw account that features spreads starting from 0.0 pips and a commission of $3 per side per lot.


Both the MT4 and MT5 are available to trade with on this broker site alongside Iress and cTrader. These popular trading platforms are fast and highly customizable. The minimum deposit accepted by FP Markets is $100 AUD or equivalent, which is roughly 1240 in ZAR. Notably, FP Markets supports more than 25 different account funding methods including PayPal, Neteller, Bank Transfers, Credit/Debit cards, Skrill, Crypto payments, and more.


Plus500

CFD Service. Your capital is at risk.

🏦 Regulation: FSCA, CySEC, FCA 💰 Spreads: as low as 0.6 pips (Dynamic)
⚖️ Max. leverage: 1:30 ▶️ Min. deposit: 1500 ZAR/100$
📊 Forex pairs: 71 🔎 Paypal: Yes

Plus500 is a big CFD broker that has innovative trading technology for various instruments including forex, cryptocurrencies, and commodities. It avails over 2 800 instruments that investors can trade on the mobile app, Web trader, and Window 10 trader. Plus500 accepts Paypal for deposit and withdrawals. The platform allows a minimum deposit of $100 or equivalent in ZAR. Apart from Paypal, Plus500 also accepts Skrill, bank transfers, and credit and debit cards.


AvaTrade

Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSCA, ASIC 💰 Spreads: as low as 0.9 pips
⚖️ Max. leverage: 1:400 ▶️ Min. deposit: 100$
📊 Forex pairs: 55 🔎 Paypal: Yes

AvaTrade is a leading forex trading broker boasting over 300 000 customers worldwide. It is regulated by the South African Financial Sector Conduct Authority. Additionally, it has scooped numerous services to its top-notch services including the Best Trading Award 2021, No 1 in Innovation 2021, Best Retail Broker in UAE 2021, Best Forex Broker Ireland 2021, and Best Fixed Spread Broker 2021. Besides the exemplary services, AvaTrade accepts Paypal for deposits and withdrawals.


It also accepts other popular payment methods such as Boleto, Qiwi, and Skrill. In addition, you can use wire transfers and major credit cards to fund your account. The minimum deposit amount is $100. The good news is that the broker does not charge any deposit and withdrawal fees. The only cost traders can incur are what banks, e-wallets or card providers might charge. The brokerage firm offers numerous trading platforms including MT4, MT5, AvaTrade Go, and WebTrader.



Benefits of Using Paypal to Fund Forex Trading Accounts

PayPal has become a preferred method for South African Forex traders to deposit and withdraw funds into their trading accounts. First, it is easy to use, secure, and fast. It also allows flexibility and can be linked with debit and credit cards. It is also relatively cheap.

Fast

Using Paypal is faster and involves fewer processes than bank transfers. Typically, your money appears into your trading account instantaneously. This enables you to take advantage of trading opportunities immediately.

Easy and straightforward

Paypal comes with a mobile app that enables traders to deposit and withdraw remotely with ease. Also, the platform allows users to transfer money between the e-wallet and your credit and debit cards.

Supports Huge Money Transfer

Paypal has quite a high transfer limit ideal for traders who want to move huge sums of money in a single transaction. The current limit is set at $60 000. 

Highly Secure

Paypal has enhanced security to protect users from online criminals. It comes with a security key (two factor authentication) and data encryption to make your data and transaction private and safe. It further enhances security by sending confirmation email to ensure the actual owner is making the transaction.This means that you can safely use the platform for forex trading.

Free of Charge

Opening a Paypal account is free of cost. In addition, you are not required to maintain any money in your Paypal account.

Decent Fees

Paypal has pretty decent fees. There are no fees for sending money to other users on Paypal, but the company does charge for receiving money (the fees depend on

The benefits of using Paypal are colossal with few challenges. That said, I know you are now anxious to get to the crux of the matter. Which forex brokers in South Africa accept Paypal? Well, Check out our list below.

Final words

Paypal is one of the biggest payment wallets in the world. It is a perfect way to fund a forex account without the fear of compromising your cards by filling personal details on forex broker's websites. Besides instant deposits and same-day withdrawals, PayPal allows you to use the digital wallet or card processing options. Conclusively, Paypal is a highly convenient payment method. Choosing a forex broker with an integrated PayPal option enhances your trading experience.