Stock brokers That Accept PayPal
As a result, there is an increasing number of stockbrokers that accept PayPal for deposits and withdrawals.
This article looks at the pros and cons of a PayPal trading account and offers reputable online brokers that use it.
Advantages of Using a PayPal Trading Account
Reliability and Security
There is no need to input sensitive payment information into a third-party website – all you need are your account ID and password.
Deposits and Withdrawals Are Quick and Typically Free
Withdrawals need to be approved, so may take longer, but are still much quicker than other methods.
Bear in mind certain brokers may have associated charges, which you should be able to find out beforehand, but most provide service via PayPal for free.
The Best Trading Platforms
Let’s take a look at the best trading to earn more.
1. Liteforex
Best for: Learning from others
Liteforex is one of the most popular online reliable brokers over the world. Over the past 15 years, it has developed a strong reputation for beginners and experienced investors alike, has a minimum $100 deposit.
The Liteforex app aims to use easy for every clients. It is available on Google Play and the App Store and allows you to move seamlessly between devices.
It’s innovative features include:
- Pre-programmed one-click trading
- Copy Trader – Copy the trades of others in real-time
- Its own social networking platform
- Pre provided investment strategies which they call Copy Portfolios
The app boasts the ability to allow you to place online trades even if the trading platform is down.
The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
2. FXTM
The FXTM Platform itself is intuitive and easy to use, suitable for those just getting into trading and those more experienced alike.
It is designed to offer a full replication of an institutional trading environment including depth of market.
With advanced risk management and order functionality, this is a detailed platform for trading stocks.
The FXTM app offers a premium range of order types, with advanced technical analysis tools.
You can set up push and email notifications for the important things that you want to know in relation to your stock trading needs – such as price alerts and trade statistics.
Within the app, you can:
- Complete a range of order types
- Work with all your accounts in one app
- Understand detailed trade analysis
- Review detailed order tickets – base currency dollar value and pip distance
As a platform, there are comprehensive educational videos and explanations of symbols, so you can find optimized processing for expert advisors and indicators.
The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
3. FBS
Best for: CFDs
This app is designed for those wanting to trade outside of the US. It is considered one of the best for CFDs on shares and has a minimum $100 deposit.
There are low trading fees but considerable fees for inactive users.
The educational section is average, as are the research tools. However, the app is easy to use overall.
This app is recommended for those familiar with CFDs and who are actively trading. Reviews of the app show that users like the:
- Account-opening process
- Deposit and withdrawal features
- Customer service
- Actual trading platform
The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
You Can Link Multiple Credit or Debit Cards
By linking multiple accounts, you will have easy and secure access to a range of funding sources.
There Are High Maximum Transfer Allowances
Once your PayPal account is verified, which simply involves linking an active bank account or credit/debit card, the maximum increases to $60,000.
PayPal utilizes the latest technology in digital security and enforces strict regulation, so you have peace of mind your assets are protected.
Those that offer PayPal trading accounts must abide by these regulations, so you can also have increased confidence that you’re dealing with a reputable broker.
Disadvantages of Using a PayPal Trading Account
Charges on Trading Transactions
These are not too dissimilar to other e-wallets like Skrill and Neteller, but every broker will apply different charges, so be sure to do your research.
No Chargebacks on Financial Instruments
However, this only applies to physical goods so is not available in a trading context.
High Transfer Fees
This includes currency conversion fees (typically 2.5% above the current base rate) and fees for withdrawing to a credit/debit card.
Transfer fees are also a major consideration as these can be quite high, ranging between 4% and 12% of your transfer amount.
What to Look for in a PayPal Trading Account
Trading of any kind comes with associated risks and choosing the wrong broker can bring potentially devastating results.
With that in mind, it is imperative to conduct thorough research before opening a PayPal trading account. Here are a few key things to look out for:
Is the PayPal Broker Regulated?
Regulation gives you peace of mind that the broker operates in a legitimate, professional manner and that its accounts are regularly audited to ensure legal compliance.
Regulation also affords a level of financial protection.
Client funds and company funds must always be kept separate, and should the broker go out of business, there are practices in place that cover the security of your assets.
Does It Have a Good Reputation?
Search for user feedback on trusted review sites and trading Q&A platforms to get a feel for the kind of service they provide.
Think beyond costs, payment options and trading platforms. You may want to consider what additional support they offer by way of educational resources, chatrooms and, of course, a good level of customer service.
For stockbrokers that accept PayPal, you will also want peace of mind that other users have not encountered serious issues funding their accounts through the e-wallet.
How User Friendly Is the Platform?
MetaTrader (both MT4 and MT5), ZuluTrade and cTrader are all common platforms offered by a variety of brokers, including those that accept PayPal as a funding method.
Most also offer their own proprietary platform.
Before opening your PayPal trading account, see if there is a free demo period available.
If you are not comfortable with a stockbroker’s platform, it is unlikely you will turn a profit trading through them.
What Additional Features Are on Offer?
Charting software, trading signals and analysis tools all help to inform better trading strategies, and things like economic calendars and financial news help you stay abreast of market influencing factors.
Training programs are also of huge benefit, particularly if you are new to the world of trading.
Most brokers offer some level of education to account holders, so keep an eye out for this.
Does the PayPal Broker Fit with Your Trading Style?
You also need to consider spreads, swap rates and leverage, as well as trade-associated fees like rollover charges, interest rates and withdrawal costs.
All these things influence your profit margin and vary widely from broker to broker.
The right PayPal trading account for you will be with a broker that offers the most competitive rates for the type of trades you wish to execute.
Accept PayPal Deposits and Withdrawals
It in no way constitutes financial advice and should be viewed only as a starting point for your own due diligence.
Final Thoughts
If you predict these will impact your profit margin too much, there are probably other funding options better suited to your trading style. However, for most beginner traders, these costs are far outweighed by the financial protection on offer.
Though the list of stockbrokers that accept PayPal deposits and withdrawals is still limited, it is growing as brokers look to stay relevant and attract new clients with this sought-after option.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
Spread Betting Techniques
- What Is Spread Betting?
- 1. Reversal Spread Betting
- Reversal Spread Betting Example
- 2. Trend Market Spread Betting
- Trend Market Spread Betting Example
- 3. Breakout Spread Betting
- Breakout Spread Betting Example
- 4. News-Based Spread Betting
- News-Based Spread Betting Example
- How Do I Become Successful at Spread Betting?
- Final Thoughts
What Is Spread Betting?
Spread betting allows a trader to speculate whether an asset is going to rise or fall.
You can spread bet in any market, and your profit comes from correctly guessing the direction the market goes.
You do not need to bet on a specific price, just the direction.
Spread betting is similar to CFDs as you don’t own the actual stock. But brokers usually offer no commission on spread betting, while CFD fees are often high.
This type of trading is accessible to everyone interested in trading. It is often recommended to beginners as it is easy to grasp.
As with all trading and investing, some techniques work, and some do not work.
Below are four spread betting techniques that actually work:
Reversal Spread Betting
This strategy is based on identifying areas where trends are going to change direction.
Here, you bet bullish or bearish, suggesting that the market will either increase or decrease.
When using this technique, traders open a spread bet in the opposite direction to the current trend.
For reversal spread betting to work, you need to take advantage of all tools and indicators. The most effective being the Fibonacci retracement tool, which helps determine if a market is reversing or if it is experiencing a retracement.
Prices going beyond the identified levels signify a reversal in the market.
The best confirmation tools for this technique are:
- Technical indicators – Moving averages, MACD
- Stochastic oscillator Volume – High volumes suggest a market is going to continue in the same direction
- Key reversal candlestick patterns – Head-and-shoulders, double top and bottom
Reversal Spread Betting Example
You want to create a NAS100 bet.
The NAS100 has been in an uptrend for the past week, and you believe it is about to experience a reversal.
You use the tools available to you and decide to place a bet if you see the double top candlestick pattern.
Should the market reverse, you will make a profit. However, if it continues on the same path, you will experience a significant loss.
The tools are merely indicators, and there is no guarantee to how the market will behave.
Trend Market Spread Betting
This technique uses technical analysis to find the trend. The trader then places a bet in line with this trend.
It is considered a medium-term strategy.
You use the tools available to you to find the start and finish of a market’s movement.
It includes indicators such as:
- Moving averages
- Moving average convergence/divergence (MACD)
which help find the best open and close positions.
Trend market spread betting is a popular strategy. It allows you to follow the market regardless of whether you are going long or short.
However, you need to remain alert as trends can change in an instant. This technique also falls victim to overnight risk.
When using this technique, decide on a timeframe to watch a market before placing your bet.
Trend Market Spread Betting Example
The price of an alternative vegan sausage is on an uptrend. You open a long spread betting position by buying the sausages.
When you reach your profit target or the data suggests the market is about to reverse, you close your bid by selling the sausages and collecting the profit.
Alternatively, suppose the vegan sausages were in a downtrend. In that case, you could open a short spread by opening a position to sell.
Breakout Spread Betting
This involves entering a trend as early as you can in anticipation of the price breaking out.
Breakout spread betting is based on the belief that key price points are an indicator of movement or an expansion of volatility.
Coming in at the right time allows you to take advantage of the trend from beginning to end.
For this technique, you will utilize:
- Volume trading indicators – consolidation and breakout patterns
- RSI indicators
- MACD indicators
These tools will help you identify resistance and support levels.
To facilitate this technique, use your limit-entry orders at identifying price points. If the market moves, the order is automatically placed.
Breakout Spread Betting Example
Gold is trading at $1,400.
It has been this way for over three weeks, but the data suggests it will soon break out into a downward trend.
Historic levels of support show that a key price point is $1,385.
You place an entry order to open a short spread if the price falls below $1,384.
If this happens, your order is automatically placed.
If not, then you haven’t lost or gained anything.
News-Based Spread Betting
News-based spread betting involves trading based on news and market expectations.
As news travels fast these days, you need to have the skills to assess the information quickly after its release to determine if it is credible and of any use.
- Does it match the market expectations?
- Has the news been fully integrated into the price yet?
To be successful with news-based spread betting, you need to:
- Treat each news update and markets as individuals
- Know and develop strategies for each type of news update
- Assess the market reaction to the news as that offers further information
News-based techniques are useful for volatile markets like commodities.
Almost every day, there is a news update that affects the price of coal or oil. There are also events guaranteed to happen, such as elections that will change the market.
Use an economic calendar and keep up with worldwide events to help with this technique.
News-based spread betting only works if you are familiar with global political, social and economic events.
News-Based Spread Betting Example
Votes for the presidential election are currently being counted, and two of the swing states voted differently than expected.
This news has speculated that the US dollar value will increase by 0.23 cents on the British pound.
From your knowledge of currencies during elections and the outcome from the last US election, you decide that the value will not change.
You decide not to take any drastic action. Instead, you place an order to open a short spread should the value increase by 0.20 cents.
How Do I Become Successful at Spread Betting?
- Stay informed. Keeping up with current global affairs is a great way to help you better understand the stock market. Note any trends or reactions that happen to a particular market when a news story breaks. This habit will help you make more informed decisions when similar stories break in the future.
- Develop your knowledge. If you are going to put your money into trading and investing, you may as well take the time to improve your understanding. Study spread betting and all the strategies associated with it. Use the demo accounts to try them.
- Get a second opinion. Use third-party tools to reassess or confirm your data. The tools your platform provides will more than likely be accurate, but there is no harm in getting a second option. If you are trading in markets outside of the US, use tools specific to that region to see if it offers something else.
- Make a trading plan. Before committing to any investment, determine your goals and make a plan to help you achieve them. Include other types of markets and techniques. The most successful traders are those with diverse portfolios.
- Choose and analyze your market. Not every market suits every type of trading. Not every market suits every trader. Decide where you want to put your money, then decide the how. For every market you trade in, learn everything you can; its history, top-players, reactions to news and events, and how it responds to recessions.
- Manage risk. Before deciding what risk management tools you should use, determine how you feel about risk. Are you going to play it safe, or are you ok with bigger elements of risk? How much can you afford to risk? Once you know these answers, choose your risk assessment tools.
Final Thoughts
Spread betting techniques and strategies exist because they are known to work. But not every technique is applicable.
To be successful in spread betting trading:
- Use the right techniques for the right markets at the right time
- Learn as much as you can about the whole trading industry
- Invest in a good trading platform
- Never invest more than you can afford to lose
- Remember your long and short-term financial goals when making any trade or investment
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
Minimum Deposit: $200Regulations: MIFID-ESMA, FCA, CySEC, Offshore XTB Trading was established in 2004 and
Minimum Deposit: $100Regulations: FCA, ISA, CySEC, MAS, ASIC, FMA, MIFID-ESMA, Offshore This award-winning
Recommended for: Social copy trading Founded in 2010, Pepperstone has been quick to
Minimum Deposit: $200Regulations: FCA Those that choose to open a PayPal trading
Minimum Deposit: $200Regulations: CySEC, ASIC, Offshore With low fees and high leverage available, IC
Minimum Deposit: $100Regulations: FSCA, MIFID-ESMA, FCA, CySEC, Offshore Another of the award-winning stockbrokers that
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