Are you thinking of Forex trade? If yes, then first you will have to find a Forex broker and open your trade account by making an initial deposit.
If you are uncomfortable sharing your credit card information with the brokerage service, then it’s best to opt for some other deposit option which is safer and where you don’t have to disclose confidential information to others. There are many Forex brokers who offer a large variety of payment options to traders other than credit cards such as PayPal.
Established in 1998 with head quarters in San Jose, California, PayPal is a global e-commerce company that allows online payments and money transfers without having you to share your financial information with the Forex brokerage service. It is a great alternative to paying with traditional methods like checks, credit cards and money orders.
It has over 128 million active accounts in 193 markets. And supports payments in 25 currencies including USD, AUD, JPY, GBP and more. It processes over 7.6 million payments on a daily basis.
A Fast and a Safe Way To Pay and Get Paid Over the Internet
PayPal is recognized as the fastest and safest way to pay and get paid over the Internet. It is a simple way to make initial deposit into your live trading account. It gives you the flexibility to pay through bank accounts, credit cards and promotional financing. All you need to do is register your payment mode like bank account with your PayPal account. Once you register, then you can use this account to deposit or withdraw funds freely.
Enables you To Transact From Anywhere at Anytime
No matter which part of the world you are Forex trading from you can use this service to make transactions swiftly round the clock.
Keeps Your Information Secure
What makes this mode of payment the mode popular among Forex traders is that it uses the advanced data encryption and anti-fraud cutting edge technology that keeps your private information secure and protected along with lowering the risk of online fraud.
This electronic payment system is included in the list of many brokers especially the ones located in the US, Britain and Canada as it is widely used in these countries.
Not All Brokers Offer Withdrawals Through This Service
If PayPal is the payment method of your choice, then you must make sure that the brokerage service you choose offers withdrawal of money through this method. This is because there are several brokers who only allow payments using this service but don’t allow withdrawals.
Forex Brokers That Offer This Payment Method
It can be difficult for traders to find a brokerage service that is reliable, trusted and at the same time also offers this payment method. However, to help you with this quest, we have listed some most reputable brokers offer traders to pay and open their accounts through this electronic service.
Etoro is a renowned FX platform that offers investors to make transactions in and out of their accounts using this service. The platform has excellent usability. Once you make your initial investment, you can enjoy trading through different innovative features like the web trader and Open Book and multiply profits easily. The Open Book feature enables you to follow advance and professional traders and copy their trades in real time automatically.
This is also a reliable and a trusted brokerage service that offers various payment methods including this one. It offers convenience to online traders who don’t want to share their financial information. Once you make your investment on this platform, you can enjoy outstanding welcome bonus and other promotional rewards. In addition to this, Plus 500 also offers a good leverage ratio of 1:50 which helps convert your small deposits into large total contract value. To facilitate trades, this brokerage service provides all kinds of dealing limits such as stop loss limits, trailing stop, profit limit and standard entry limits. Unlike other brokers on the market, here all the limits offered are guaranteed.
So, get started now with any one of these brokerage services by depositing money through PP electronic service.